Batteries Plus is a retail store selling batteries, light bulbs, and providing device repair services. The franchise focuses on offering a wide range of products for both commercial and retail customers.
Key Insights
- Batteries Plus began with a vision to be a dedicated provider of battery solutions, evolving into a comprehensive service center offering a wide array of products beyond just batteries, including lighting and phone repair services. The business has grown from its origins to become a recognized name in its sector.
- The franchise operates through retail stores that serve as hubs for product sales and in-store repair services for devices like smartphones, tablets, and laptops. Customers can also find essential power solutions and related accessories, ensuring a one-stop shop experience.
- The industry Batteries Plus operates within is characterized by the increasing demand for portable power and connected devices. This market requires consistent innovation in battery technology and a strong service component for electronic device maintenance and repair.
Franchise Fee and Costs to Open
Exploring the financial picture of Batteries Plus gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $262,646 - $496,996, along with a franchise fee of $15,000 - $44,500.
Financial Performance and Revenue
Yearly gross sales of $794,278 and estimated earnings of $79,428 - $95,314 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 4.8-6.8 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Batteries Plus provides comprehensive training for new franchisees. Initial training spans two weeks and is conducted at Batteries Plus corporate headquarters. Franchisees receive a robust operational manual and access to ongoing support resources. This program offers a thorough introduction to the Batteries Plus business model.
Legal Considerations
Legal considerations for a Batteries Plus franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
A franchisee might encounter considerations regarding local market saturation from direct competitors, the intricate inventory management for diverse battery types and light bulbs, and the potential impact of disruptions within global battery manufacturing and raw material sourcing. Ensuring consistent product availability and managing the specialized knowledge required for battery testing and repair also present operational considerations.
Franchise Datasheet
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