|[June 18, 2014]
Forbes Magazine Names Leading Battery and Light Bulb Franchise One of the Best Franchises in America
HARTLAND, Wis. --(Business Wire)--
As the franchise industry continues to gain momentum, Forbes
magazine recently released its first-ever "Best" and "Worst" in
franchising list. Batteries
Plus Bulbs, the nation's first, largest and fastest growing battery
and light bulb franchise, has been named one of America's Best
Franchises, recognized for its continued growth, in addition to its
outstanding, ongoing support of its franchise owners.
The Forbes rankings were created from performance and revenue
metrics compiled and analyzed by FRANdata, a research and consulting
firm that focuses on studying the comparative performance of franchise
brands. FRANdata went through publicly available information on 3,000
franchise brands and measured them according to three main criteria:
five-year unit continuity rate, unit growth rate and franchisee support
score. The franchisee support score is comprised of three categories
that are important to prospective franchisees, including financing,
marketing, and initial and ongoing operational support programs. Forbes
relied on FRANdata because it tracks financial and operational
performance of all private and public franchises currently doing
business in the U.S. Full results of the Forbes "best" and
"worst" in franchising can be found at http://www.forbes.com/sites/groupthink/2014/05/27/how-do-you-rank-more-than-3000-franchise-brands/.
Batteries Plus Bulbs is ranked as the No. 4 franchise in Forbes
mid-range investment category, where franchise investments range from
$150,001 to $500,000. Batteries Plus Bulbs has a growth rate of 12
percent and continuity of 96 percent, which compared the number of
stores the company opens versus the very few that ever close.
"This recognition by Forbes magazine is a great honor and speaks
volumes to the strength of our brand and franchise opportunity," said
Russ Reynolds, CEO of Batteries Plus Bulbs. "Not only did Forbes acknowledge
Batteries Plus Bulbs for our unit growth, and the fact that our stores
stay open, but the prestigious publication also gave us an A for
franchisor support. Batteries Plus Bulbs' growth over the recent years
has been phenomenal as we're currently opening more than one store per
week. Additionally, over the past three years, one-third of our existing
franchise owners have purchased an additional 140+ stores, which is an
outstanding endorsement of our business model."
With a nationwide network of over 625 stores, Batteries Plus Bulbs has
become the uncontested leader in the growing battery and light bulb
markets,differentiated by superior product knowledge, product breadth
and availability, and helpful advice. In addition to having access to
over 45,000 batteries, light bulbs, and related products, Batteries Plus
Bulbs also offers on-site repairs for Apple (News - Alert)® devices, including
iPhones®, iPads® and iPods®, most Samsung® devices and many more.
Services include: battery replacement, and cracked screen, charge port,
button and antenna repair, among others. Experts can also install screen
protectors on smartphones and tablets to help avoid future damage.
Batteries Plus Bulbs also offers to do most repairs "while-you-wait"
allowing customers to drop-off broken devices with same-day pickup and a
6-month warranty on all parts and workmanship.
Batteries Plus Bulbs is offering franchisee prospects an exciting
opportunity to own a proven, recession-resistant business selling two
essential, needs-based product categories to both retail and business
customers. The company will continue focusing its franchise expansion
plans in the New York and Mid-Atlantic areas this year, along with
developing more new stores in Southern California. For more information
on the Batteries Plus Bulbs franchise opportunity and available markets,
ABOUT BATTERIES PLUS BULBS
Batteries Plus Bulbs is the nation's first, largest and fastest growing
battery and light bulb franchise with a nationwide network of stores.
Batteries Plus Bulbs is owned by Roark
Capital Group, an Atlanta-based private equity firm. Roark's current
franchise portfolio includes companies such as: Massage
Ice Cream, Cinnabon,
Southwest Grill, McAlister's
Valu and Auntie
Anne's. With access to more than 45,000 types of batteries, light
bulbs and accessories, Batteries Plus Bulbs has the widest selection of
battery and light bulb products available and offers unmatched service
to retail and business consumers at the national and local levels.
Batteries Plus Bulbs continues its reign as the undisputed leader in the
expanding $30.7 billion U.S. battery replacement market and in the
rapidly growing U.S. light bulb replacement market estimated at $17
billion*. To learn more about our exciting franchise opportunities
please visit batteriesplus.com/franchising
for more information. *Freedonia Research Study
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