Batteries Plus Bulbs
Retail Retail StoresCompany Information
Address
1325 Walnut Ridge Drive Hartland, WI 53029
Website
Tel
Email
Franchimp Summary Rating
Lower than 65% of peers
Lower than 0% of peers
Franchise Summary
Description
Batteries Plus, L. L. C. offers individual and multiple unit franchises for the operation of Batteries Plus Bulbs stores ("Stores"), selling batteries, light bulbs, and related items, and offering device repair and related services, to the retail consumer and commercial accounts
Company Background
Batteries Plus is the only nationwide battery and light bulb store. We offer both individual and multi-unit franchises for the operation of Batteries Plus Bulbs stores, selling batteries, light bulbs, and related items, as well as offering device repair and related services to retail consumers and commercial accounts.
Franchise Opportunity
You know that you need to replace the batteries in your smoke detectors, but it's a pain. Batteries Plus is here to help! We have stores everywhere, and we're experts at finding the right battery for every device. Our friendly staff will even show you how to change out those old batteries so you don't make this mistake again. Come on down to your local Batteries Plus store today! We'll get you set up with new batteries and fresh light bulbs while we explain all of our services that can save you time and money. If there are any problems with our products or services, just let us know within 30 days, and we'll refund your purchase price plus 20% of what you paid for anything else in the same transaction (excluding tax).
Corporate Structure
Batteries Plus, L.L.C. is a Wisconsin limited liability company formed on August 30, 1996. Their principal place of business is at 1325 Walnut Ridge Drive, Hartland, Wisconsin 53029.
Investment and Franchisee Fees
The total investment necessary to begin operation of a Store is from $208,450 to $385,750. This includes $103,462 to $139,962 that must be paid to us or our affiliates.
Earnings Transparency
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Financial Performance of "Standard" Units
Average Revenue Per Unit
Compared vs. Retail Stores Industry$801,360 / unit
Franchise Type: Standard
Average Revenue During 2020
Average Gross Profit Per Unit
Compared vs. Retail Stores Industry$395,986 / unit
Franchise Type: Standard
Average Gross Profit During 2020
Franchisee Attrition
This franchise's rate of attrition in 2021
of 6.78%
was
Slightly Lower
than the 7% in the Retail Stores industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Employee Contact Database
| # | Name | Position | Phone Number | Email Address |
|---|
Distribution of Batteries Plus Bulbs Franchisees
Batteries Plus Bulbs Franchise System Development in 2021
FAQ
How much investment do I need to start my own Batteries Plus Bulbs business?
Franchisees typically require at least $221,679 to $431,072 investment to get their Batteries Plus Bulbs business started
What are the initial franchise fees for Batteries Plus Bulbs?
Franchisees typically need to pay at least $15,000 in fees directly to Batteries Plus Bulbs in order to earn the right to launch their business
How much money can I make with a Batteries Plus Bulbs franchise? What are
the average revenues for a typical Batteries Plus Bulbs business?
We estimate that the average revenue of an individual
Batteries Plus Bulbs unit is approximately
$801,360. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a Batteries Plus Bulbs unit? What
is my contractual commitment?
Batteries Plus Bulbs franchisees are typically required to sign up to a
10 year contract initially. The renewal length
is 10 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$10,005 to $38,076
which is
Much Lower
than the $0 to $0 average in the Retail Stores industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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