Nation's Leading Battery Retailer Named Top
Multi-Unit Franchise Brand for Second Consecutive Year
HARTLAND, Wis., July 29,
2024 /PRNewswire/ -- Batteries Plus, the world's
leading specialty battery franchise retailer, has been recognized
in Entrepreneur's second annual ranking of the Top Brands
for Multi-Unit Owners. The ranking, which appears in the
July/August issue of Entrepreneur magazine and on
Entrepreneur.com, identifies the brands with the most appeal for
prospective franchisees interested in multi-unit ownership, as well
as existing franchisees looking to expand their portfolios.
Batteries Plus was ranked No. 142.
"This is a testament to the hard work and
dedication of our franchisees, and the strength of the Batteries
Plus brand."
"We are incredibly honored to be recognized by Entrepreneur
Magazine as a top franchise for multi-unit owners for the second
consecutive year. This accolade is a testament to the hard work and
dedication of our franchisees, as well as the strength and
resilience of the Batteries Plus brand," said Joe Malmuth, Chief Development Officer for
Batteries Plus. "Our commitment to providing exceptional support
and growth opportunities for our franchise partners remains
unwavering, and we are excited to continue our journey of
innovation and excellence together."
To determine the top brands for multi-unit ownership,
Entrepreneur asked franchisors a few relevant questions: Do they
offer discounts to franchisees purchasing multiple units? What
percentage of their franchisees own multiple units? What percentage
of their brand's total units are owned by multi-unit franchisees?
What is the average number of units owned by each franchisee? And
finally, do they only sell multiple units or area developments?
Entrepreneur also factored in each company's Franchise 500 score,
which is based on an analysis of more than 150 data points in the
areas of costs and fees, size and growth, franchisee support, brand
strength, and financial stability.
Franchisees have been driven to join the Batteries Plus family
for a multitude of operational and brand-specific reasons.
Including such things as the faster-than-average timeframe for new
store openings, commercial business opportunities that franchisees
can take advantage of before even opening their doors, the minimal
number of employees required to efficiently staff any location, and
the experienced support team that exists on the corporate side.
"Franchising is about fulfilling ambitions. For some
franchisees, their ambition is to simply be their own boss—and for
others, it's to own an ever-expanding collection of businesses as a
multi-unit franchisee," says Jason Feifer, editor in chief of
Entrepreneur magazine. We created this list for people with big
vision, to help them find the brands that most support growth at
all stages."
To view Batteries Plus in the 2024 Top Brands for Multi-Unit
Owners list, pick up the July/August issue of Entrepreneur
magazine, or find the list online at
www.entrepreneur.com/franchises.
ABOUT BATTERIES PLUS:
Batteries Plus, founded in 1988 and headquartered in Hartland, WI, is a leading omnichannel
retailer of batteries, specialty light bulbs and phone repair
services for the direct-to-consumer and commercial channels. The
retailer also offers key programming, replacement and cutting
services. Through a nationwide network of stores, the company
offers a differentiated value proposition of unrivaled product
selection, in-stock availability and customer service. Batteries
Plus is owned by Freeman Spogli, a
private equity firm based in Los
Angeles and New York City.
To learn more about one of Forbes®' Best Franchises to Buy in
America, visit https://www.batteriesplusfranchise.com.
MEDIA CONTACT: Danny Stewart, Fishman Public
Relations, dstewart@fishmanpr.com or 847.945.1300 ext. 266
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SOURCE Batteries Plus