BATTERIES PLUS Franchise Startup Cost, Revenue and Profit Margin
Batteries Plus provides a wide range of batteries and bulbs for a lot of items. The company serves both commercial and retail customers all across the United States with a daily patronage of about 500,000 customers.
Batteries Plus is an opportunity for entrepreneurs to diversify into this industry that is yet to be saturated by competitors. So how much is a Batteries Plus Bulbs franchise? You might want to know.
FRANCHISE INFORMATION ABOUT BATTERIES PLUS BULBS
The company was established in the year 1988 in Wisconsin. And they operate stores selling batteries, bulbs, and so many other related items. They also offer repair services for small devices such as phones, light fans and so on at their We-Fix-it centers. The Batteries Plus stores offer close to about 60,000 batteries on sale.
IS BATTERIES PLUS BULB A FRANCHISE?
A prospective franchisee that intends to look into the batteries supply service business might want to know if Batteries Plus Bulb is a franchise. Yes, the company offers franchise opportunities and they have been selling franchises since 1992. An indication that they have a lot of experiences in the industry, with well-proven franchise model to help the franchisee achieve success in their business.
THE BATTERIES PLUS BULB FRANCHISE OFFER
Batteries Plus Bulbs as the franchisor offers multiple and also individual unit franchises for franchisees that want to operate a Batteries Plus Bulb store with the intention of selling batteries, light bulbs and other services rendered by the company.
The company has over 25 years of experience in the business with over 625 franchise locations spread across 47 states in the United States. As a franchisee, you are guaranteed to benefit from a franchise that will help you achieve your goals and live the dream that you have always wanted to live.
REASON WHY YOU SHOULD BUY A BATTERIES PLUS BULB FRANCHISE
- The Battery industry is worth a whopping 30.7 Billion dollars
- Advancement in technology and changes in the lifestyle of the people demands that devices are constructed minimally, which increases the demands for batteries
- Batteries Plus Bulb in-store technical centers make it possible for battery replacement
- The company now offers Smartphone and tablet repairs, which serve as an additional source of income for franchisees.
- At the moment Batteries Plus Bulb does not have any national competitor
HOW MUCH DOES A BATTERIES PLUS BULB FRANCHISE COST?
Buying into a Batteries Plus Bulb franchise is quite lucrative and at the same time comes with some financial responsibilities that the franchisee will be expected to meet up with. To invest in a Batteries Plus Bulb franchise, you will need to have an investment in the tune of $200,000 to about $290,000.
The company also expects the franchisee to have a liquid cash worth of about $100,000 and a net worth of about $400,000
BATTERIES PLUS BULB FRANCHISE FEE
To be granted the license to operate with the Batteries Plus Bulb brand name, a prospective franchisee will need to make an Initial Batteries Plus Bulb franchise fee, which is about $37,500. An additional on-going royalty fee of 5% and Ad Royalty fee of 1% of the gross revenue is also payable to the company.
BATTERIES PLUS BULB FRANCHISE TRAINING AND SUPPORT
Training programs for commercial sales, manager, and investors are run at the company’s corporate training unit in Wisconsin. An additional training will also be conducted over the internet.
Every franchisee is expected to have secured their site and complete the online training before enrolling in the initial training program. The online training program will encompass learning on battery products, bulb products, information on device repairs as well as systems training.
Training will hold for a period of 3 weeks at the designated training centers and also an on-site on-the-job training will also hold at the franchisee’s location.
DOES BATTERIES PLUS BULB FRANCHISE OFFER FINANCING?
Batteries Plus Bulb will grant funds to their franchisees to help them cover the cost of equipment, startup, and inventory. The company also has a 3rd party relationship with lenders that can offer additional funding that the franchisee might eventually need to start up the franchise unit.
Veterans also get $10,000 rebate off the Batteries Plus Bulb initial franchise fee.
BATTERIES PLUS BULB TERMS OF AGREEMENT
As a franchisee with Batteries Plus Bulb, the terms of the franchise will be for a period of 10 years. If the franchisee is able to meet up with the terms of renewal by the company, there will an additional extension of another 10 years.
Every franchisee will be protected in a geographical enclosure to about 3 miles or a population of about 200,000 people. During the terms of an agreement, if the company finds the franchisee worthy without any breach of the signed contract, no other franchise location will be established around the protected surrounding
HOW TO OPEN A BATTERIES PLUS BULB FRANCHISE
Once you have acquainted yourself with all the information you need to set up a Batteries Plus Bulb franchise store.
You will also need to evaluate your financial capability to know if you can meet up with the company’s requirements.
Once all these are in place, the next thing to do is to forward your application to the company and you will receive feedbacks after some few days.