Batteries Plus Celebrates Stellar Growth and Sets New Ambitions for 2025

Batteries Plus, a prominent name in the specialty battery franchise landscape, has capped off a stunning year in 2024 with record growth. The company, which operates across the globe, strides into 2025 energized by its achievements, including the signing of 57 agreements and the inauguration of 30 new stores within a span of just one year. Spanning across 15 states, this remarkable expansion solidifies its stature as a leader in sustainable power solutions.

Record-Breaking Growth in 2024

The close of 2024 witnessed Batteries Plus not only enhancing its market presence but also deepening its connection with communities. One of the standout moments of 2024 was the signing of a Market Stewardship agreement in Phoenix, Arizona, alongside multi-unit operator MarLu Investment Group. This significant deal marks the second of its kind for Batteries Plus, building on a model launched in 2023. The essence of this innovative program blends the concepts of Master Franchise and Area Development, allowing franchisees exclusive operational rights in their respective territories. This, in turn, opens a plethora of opportunities for strategic multi-unit expansions.

Brandon Mangual, the VP of Franchise Development, expressed confidence in the framework, asserting, “The Phoenix agreement is a prime example of how this model empowers our franchisees to deliver essential products and services efficiently and effectively across entire regions.”

A Focus on Sustainability and Community Engagement

In an age where sustainable solutions are paramount, Batteries Plus has proactively responded to market demand. Its 2024 performance underscored a robust growth pattern nationwide, with new stores popping up in critical markets like California, Florida, Michigan, New York, North Carolina, and Texas. Joe Malmuth, the Chief Development Officer, reflected on this development, stating that the company's achievements are not merely about numbers but are deeply connected to the community engagement efforts of its franchisees.

As the demand for battery recycling services and sustainable power solutions rises, Batteries Plus is uniquely positioned to capitalize on these trends. Malmuth continued, “Looking forward to 2025, we are enthusiastic about expanding our footprint while also delivering innovative solutions that fulfill the needs of both consumers and businesses.”

Ambitious Plans for the Upcoming Year

The firm has outlined ambitious objectives for the forthcoming year. Batteries Plus aims to ink 50 new agreements and set up 30 additional locations across the country. These goals are reinforced by the Market Stewardship program, furthering their commitment to fostering franchisee expansion and cultivating impactful growth in essential markets.

In terms of recognition, Batteries Plus has climbed the ranks and now occupies the #128 spot on Franchise Times' esteemed Top 400 list. Furthermore, it holds a prestigious position in Entrepreneur Magazine’s Franchise 500® Hall of Fame, alongside other notable achievements on Entrepreneur's Franchise 500® and the Top Brands for Multi-Unit Owners lists.

About Batteries Plus

Founded in 1988 and headquartered in Hartland, WI, Batteries Plus has established itself as a leading omnichannel retailer specializing in batteries and light bulbs alongside offering phone repair services. Catering to both consumer and commercial needs, the company boasts an extensive store network that ensures in-stock availability and quality customer service. Furthermore, as a subsidiary of Freeman Spogli, a private equity firm, Batteries Plus continues to rise as one of Forbes®' Best Franchises to Buy in America.

For potential franchisees and those interested in further information, Batteries Plus maintains an informative resource at their franchise website: batteriesplusfranchise.com.

Media Contact: Danny Stewart, Fishman Public Relations, [email protected], 847.945.1300 ext. 266