The nation's leading battery retailer ranks 40th on this year's list
heartland wisconsin, January 16, 2024 /PRNewswire/ — Batteries Plus, the nation's largest and fastest growing battery, light bulb, key chain and phone repair franchise, has been recognized as one of the world's top 500 franchises. entrepreneurfranchise of 500®, the world's first, best, most comprehensive franchise ranking. For 45 years, the annual entrepreneur franchise 500® is a highly sought after honor in the franchise industry and is recognized as a valuable resource for potential franchisees. franchise 500® Batteries Plus has improved 40 places from last year's ranking and 162 places overall over the past three years due to strong performance in areas such as unit sales growth, financial strength and stability, and brand strength .
“Every brand in the Franchise 500 has a unique story to tell, but they all collectively make the same statement: Franchises are strong, resilient, full of innovation and opportunity, and we have many We provide people with a powerful entrepreneurial path,” says Jason Pfeiffer.Editor-in-chief entrepreneur. “Our 45th annual ranking features many companies with the fresh ideas, exciting business models, cultural influence, and business sophistication that will define the next 45 years and beyond. It has been.”
in entrepreneur's ongoing efforts to best understand and evaluate the ever-changing franchise market has resulted in the company's ranking methodology continuing to evolve as well. Our editorial team looks at and evaluates several factors, including cost and pricing, scale and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of over 150 data points, with the 500 franchises with the highest cumulative scores becoming the Franchise 500.® In order of ranking.
After 45 years of existence, Franchise 500® It is a powerful competitive tool for franchisors and a key research tool for potential franchisees. Batteries Plus' position in the ranking is a testament to its strength as a franchise opportunity.
“This is our 30th year,th Annual ranking entrepreneur“It remains a great honor for the Batteries Plus brand to be recognized as one of the world's best franchise brands in R's prestigious list,” said Joe, Batteries Plus Chief Franchise Officer. “This honor speaks to our dedicated franchise owners and franchise support,” said Malmus. Leadership within the brand that has propelled Batteries Plus to the top of the industry. ”
Last year's record growth for Battery Plus was highlighted by the opening of 30 stores and the signing of 54 contracts. Additionally, the brand has introduced a market stewardship program that gives franchisees the entire market. This is a model typically found in master franchise (MFA) agreements and area development (ADA) agreements. Coupled with franchise growth, Batteries Plus welcomed 48 new domestic business partnerships, achieving a total growth rate of business-to-business (B2B) partnerships of 60%. The brand predicts that its sales will increase by 6-8% in 2024 due to its third consecutive year of double-digit growth in the B2B segment.
“Batteries Plus is the largest and fastest growing B2B and B2C services franchise, and our skills, along with our leading partners, dominate the device repair market, and our rise in this important ranking is an honor. , will demonstrate the strength of the Batteries Plus brand to all multi-unit owners,” said John Sica, Chief Business Officer. “As our brand grows, we will never stop offering innovative new ideas and programs to increase store sales and brand awareness.”
To learn more about Batteries Plus, including information about franchise opportunities and virtual tours of our stores, please visit: batteryplusfranchise.com.
To view Batteries Plus' complete rankings, visit http://www.entrepreneur.com/franchise500 or obtain a copy of the January report.February 2024 Problem of entrepreneur It's on newsstands now.
About Battery Plus:
Batteries Plus was founded in 1988 and is headquartered in heartland wisconsinis a leading omnichannel retailer of batteries, specialty light bulbs, and phone repair services for direct-to-consumer and commercial channels. This retailer also offers key programming, replacement, and disconnection services. Through its nationwide store network, the company offers a differentiated value proposition of unparalleled product selection, availability and customer service. Batteries Plus owners Freeman Spogliis a private equity firm based in . Los Angeles and new york city.Learn more about Forbes magazine®Check out “The Best Franchises to Buy in America.” https://www.batteriesplusfranchise.com.
Media contact: Seth Goodman, Fishman Public Relations; [email protected] or 224-723-9645
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