Are you prepared to illuminate the planet one battery at a time? Introducing Batteries Plus Bulbs, your one-stop shop for all your power requirements. Battery stores are not the only thing offered at Batteries Plus Bulbs. It is a one-stop shop for all of your power requirements, providing a huge selection of goods and services to keep you fueled and prepared for anything. Anyone wishing to make a wise investment may consider a Batteries Plus Bulbs franchise, which has a skilled staff and a dedication to offering the greatest goods and services. So stop by now and equip yourself for success!
Battery and Light Bulb Industry Statistics
- With an anticipated market size of $34.8 billion in 2020 and projected to reach $47.5 billion by 2026, rising at a CAGR of 6.2% over the forecast period, the battery retail business has experienced consistent expansion over the past few years.
- The size of the global light bulb market was estimated at USD 14.14 billion in 2020, and it is anticipated to increase at a CAGR of 5.4% from 2021 to 2028.
What are Batteries Plus Bulbs?
A retail chain called Batteries Plus Bulbs focuses on selling batteries, light bulbs, and related products. They provide a wide range of goods, such as mobile phone batteries, household lighting fixtures, and automotive batteries. Additionally, they provide services for recycling and repairing lightbulbs and batteries. The business is renowned for offering premium goods and first-rate customer support. They run as a franchise, and each franchisee runs the company in their own neighbourhood.
Is Batteries Plus Bulbs A Franchise Opportunity?
There is a franchise opportunity with Batteries Plus Bulbs. For people who want to open and run their own retail location selling batteries, light bulbs, and related accessories, the company offers franchising options. Battery Plus franchise offers
- Single unit Franchise Opportunity
- Multi-unit Franchise Opportunity
Batteries Plus Bulbs is an American franchisor of retail stores that sell batteries, lamps, and other related products. It was founded in 1985 by Steve and Nancy Revzin.
The company has a total of 1,065 locations in the United States as of March 2018. In January 2017, Batteries Plus Bulbs had a total revenue of $1.5 billion with a net income of $46 million.
Batteries Plus Bulbs has 4 different types of Franchise stores
- Battery plus bulb franchise stores;
- Battery plus light franchise stores;
- Battery plus lamp franchise stores; and
- Battery plus solar franchise store
The company also operates online sales through its website which are managed by the franchisee with help from corporate office staff.
In this report, I will be analysing the franchisee’s financial performance as well as its market share in each segment it operates in to determine if it is successful or not at present time.
Facts That Nobody Told You About Batteries Plus Bulbs
- Franchisees of Batteries Plus Bulbs to have access to the company’s unique systems and technologies, including their e-commerce platform and inventory management system.
- Batteries Plus Bulbs is a participant in VetFran, a program designed to assist veterans in opening franchises, and is a member of the International Franchise Association (IFA).
| Batteries Plus Bulbs Franchise Information | |
| Industry Type | Retail & Services Franchises |
| Sub Category | Retail Franchise Opportunties |
| Year Established | 1988 |
| Company Name | Batteries Plus |
| Founder/Management Head | Scott Williams, CEO |
| Franchising Started | 1992 |
| Employees at Company H.O | 917 |
| Franchise Expansion Plan | The following worldwide regions are available to prospective franchisees of this business: U.S., Mexico |
| Number of Units | 107 |
| Number of Franchise Units | 725 |
| Social Media Handles | |
| Youtube | |
| Company Office location | 1325 Walnut Ridge Dr. Hartland, WI 53029 |
Batteries Plus Bulbs Franchise Requirements
To become a franchisee, you must have a minimum of $150,000 in liquid capital and a net worth of at least $350,000. Prior experience in retail, sales, or management is preferred but not required. Franchisees are required to complete an initial training program, which includes both classroom and on-the-job training.
How much does a Batteries Plus Bulbs franchise cost
According to the business, a single-unit franchise requires an initial capital outlay of between $221,679 – $431,072. This covers the original $44,500 franchise fee as well as any equipment, inventory, leasehold improvement, and other fees.
| Batteries Plus Bulbs Franchise Initial and On-going Franchise Cost | |
| Batteries Plus Bulbs Franchise Fee | $44,500 |
| Batteries Plus Bulbs Franchise Cost | $221,679 – $431,072 |
| Royalty Fee | 5% |
| Advertising Fee | 1% |
| Term of Agreement | 10 years |
| Is franchise term renewable? | Yes |
Batteries Plus Bulbs Training to Franchises
The company’s corporate offices in Wisconsin host the initial training program, which covers every facet of the enterprise, including operations, sales, marketing, and inventory control. A Batteries Plus Bulbs representative will visit the franchisee’s store to give on-site training and support following the first training. Batteries Plus Bulbs offers marketing and advertising assistance, including support for social media and online marketing as well as regional and national advertising campaigns.
Batteries Plus Bulbs Operations & Support to Franchises
Franchisees of Batteries Plus Bulbs are in charge of overseeing all aspects of daily store operations, including staff management, inventory control, and customer service. The business offers a thorough operations manual that covers every facet of the enterprise, such as policies for opening and closing the store, staff training, inventory control, and customer service. Guidelines for maintaining store aesthetics, safety, and security are also included in the operations manual.
How is Batteries Plus Bulbs Territory Granted to Franchises
Depending on the particular franchise opportunity and location, several steps may be required to secure a franchise territory with Batteries Plus Bulb. Typically, those who are interested must fill out a franchise application and go through a qualification process. After receiving approval, they will sign a franchise agreement, pay a franchise fee, and make recurring royalties.
What are Batteries Plus Bulbs Franchise Terms of Agreement and Renewal?
Batteries Plus Bulb franchise term of agreement is for 10 years and the renewal term is not mentioned on the website.
Does Batteries Plus Bulbs provide Financial Assistance to Franchises ?
Batteries Plus has connections to outside companies that provide finance for the following things: startup expenditures, equipment, and inventory.
Pros & Cons of owning a Batteries Plus Bulbs Franchise
Pros
- Established brand recognition
Batteries Plus Bulbs is a respected and well-known brand, making it simpler to draw clients and make sales.
- Proven business model
The franchisor has already created and put to the test a viable business model that the franchisee can use as a guide.
- Training and support
To assist franchisees in establishing and operating their own businesses, the franchisor often offers training and assistance to them.
- Marketing and advertising support
The franchisor may also offer franchisees marketing and advertising assistance, which can aid in promoting the brand and raising its profile.
Cons
- Limited autonomy
Franchisees are required to adhere to the franchisor’s rules and regulations, which may restrict their capacity to decide on their own behalf how to run their businesses.
- Limitations on product offering
The range of goods and services that franchisees can provide may be restricted. Franchisees may be obliged to pay the franchisor a portion of their revenues as royalties in addition to a marketing charge.
- Limited territory
Franchisees might only be allowed to operate inside a certain area, which could reduce the number of prospective customers they can attract.
How much do Batteries Plus Bulbs franchise owners make?
Batteries Plus Bulbs is a franchise that offers many different services such as battery installation, battery recycling, and more. The business model is based on a franchise fee and an ongoing monthly fee.
In 2018, Batteries Plus Bulbs franchise owners make $1.03 billion in revenue, with the average franchise owner making a profit of $138,000 annually.
Batteries Plus Bulbs is a company that has been around since 1948 and has franchises all over the world. It also offers many other services such as battery installation, recycling batteries, and more to its customers.
An estimated $128,746 is the annual salary for a franchise owner at Batteries Plus Bulb.
What are Batteries Plus Bulbs franchise profit?
Battery plus bulbs franchise generates an average gross Profit margin of 19.6% and makes $130,000 to $ 200,000.
Batteries Plus Bulbs Franchise Rankings
The 2023 Franchise 500®, regarded as a priceless tool for prospective franchisees, placed Batteries Plus at #351, up 53 ranks from the previous year, recognition of the company’s exceptional achievement in categories like unit growth, financial strength and stability, and brand power.
Franchise Deck Analysis and Overview
If you’re interested in the retail sector and want to start your own company, investing in a Batteries Plus Bulbs franchise may be a suitable choice. In the retail sector, Batteries Plus Bulbs is a well-known and reputable brand. You can use the company’s reputation to draw clients if you own a franchise. Both batteries and light bulbs are necessary but always in-demand products. This can assure a consistent flow of clients for your company.
Is the Batteries Plus Bulbs franchise worth the investment?
Franchisees of Batteries Plus Bulbs profit from the company’s well-established brand recognition, business model, marketing strategies, and training programs. Franchisees also have the backing of the franchisor, who can aid with decisions on location, inventory control, and ongoing training and assistance.
Without knowing more about the specifics of the franchise agreement and the prospective franchisee’s financial status, the Batteries Plus Bulbs franchise is worth the franchise fee.
Batteries Plus Bulbs Franchise Success and Failure Rate
The below table will highlight Batteries Plus Bulbs franchise success and failure rate for the last 3 years. This will supplement your decision-making process. You can see negative growth in franchises in years 2019,2020 and 2021. This is largely due to the pandemic impact. I believe you should wait for battery plus franchise success and failure rate in 2022.
| Year | Format | Start | End | Change |
| 2019 | Franchise Owned | 666 | 653 | -13 |
| Company Owned | 66 | 87 | +21 | |
| 2020 | Franchise Owned | 653 | 619 | -34 |
| Company Owned | 87 | 86 | -1 | |
| 2021 | Franchise Owned | 619 | 614 | -5 |
| Company Owned | 86 | 99 | +13 |
| Competition Analysis of Batteries Plus Bulbs Franchise | ||||||
| Batteries Plus Bulbs | Cost to Franchise | Franchisee Fees | Royalty + Ad fees | Expected Profit | Recoup of Capital | FD Rating |
| Batteries Plus Bulbs Franchise | $221,679 – $431,072 | $44,500 | 5% + 1% | 19.6% | 4.3 / 5.0 | |
| Buddy’s Home Furnishings | $349,570 – $839,690 |
$39,900 |
6% + 2% | 2.5/5.0 | ||
| Amazing Lash Studio | $304,071 – $635,972 | $50,000 |
6% + 2% | 2.5/5.0 | ||
| TeamLogic IT franchise | $110,918 – $142,709 | $45,000 | 7% + 1.2% | 3.0/5.0 | ||
| CMIT franchise Solutions | $102,570 – $168,200 | $49,950 – $54,950 | 6% + 2% | 75% | 4.8/5.0 |
The Franchise Deck rating for the Batteries Plus Bulbs franchise is 4.0/5.0.
Conclusion
Last but not least, Batteries Plus Bulbs is a reputable franchise retail company that focuses on selling batteries, light bulbs, and associated accessories. It gives franchise owners the chance to open and run their own store with the help and instruction of the business. The price of a franchise varies depending on the location and size of the store, among other things. It is an excellent choice for business owners who want to put money into a franchise in the retail sector. To be sure it’s the appropriate fit for you, perform your own research and due diligence before investing, like with any franchise opportunity.
Entrepreneurs who want to open a franchise in the repair and tools franchise opportunities categories can look at
- Cartridge World
- The Battery Store
- Bulbman
- Battery Depot
- The Lamp Repair Shop
- Interstate Battery Franchise
- juck removal franchise
- Ace Hardware Franchise
Frequently Asked Questions (FAQs)
- Is the Batteries Plus Bulbs franchise profitable?
Yes, Batteries Plus Bulbs is a profitable franchise.When looking to open a business, it is important to research the profitability of the venture beforehand. This is where calculating the gross profit and net profit come in.
- Can you make money owning a battery plus bulbs ?
Yes, you can make money owning a battery plus bulbs. There is no doubt that selling battery operated lights is a great way to make some extra money. Not only can you make a modest amount of money, but you can also help out the environment in the process. There are a few things that you will need in order to start selling battery and lights. The first is a good inventory of lights.
- How much is Batteries Plus Bulbs franchise?
According to the business, a single-unit franchise requires an initial capital outlay of between $221,679 – $431,072. This covers the original $44,500 franchise fee as well as any equipment, inventory, leasehold improvement, and other fees.
- How do Batteries Plus Bulbs franchises make money?
Franchises of Batteries Plus Bulbs generate revenue by offering their clients batteries, light bulbs, and related goods and services.
