Batteries Plus Celebrates Its 31st Year on Entrepreneur's Franchise 500 List
Batteries Plus Celebrates 31st Year in Franchise 500
Batteries Plus has made a significant mark once again by being featured in Entrepreneur Magazine's Franchise 500 list, earning a spot for the 31st consecutive year. Climbing an impressive 20 places from its previous standing, this accomplishment not only underscores Batteries Plus's consistent excellence but also solidifies its reputation as a frontrunner in the franchise marketplace.
For over three decades, firmware updates in business and continuous adaptation to customer needs have made Batteries Plus a household name in the battery retail industry. Victor Daher, the Global Vice President of Franchise Development, expressed pride in the recognition, saying, "Our inclusion in Entrepreneur's Franchise 500 reflects the strength of our business model and the dedication of our franchisees and corporate team. It's a testament to our brand's durability and adaptability."
Entrepreneur Magazine’s ranking is grounded in a rigorous evaluation process that considers not just growth and unit sizes but also factors like financial stability and brand recognition. This year, Batteries Plus was favorably assessed across categories such as system growth and financial health, which speaks volumes about its business resiliency even in an evolving marketplace. As businesses and consumers face shifting economic landscapes, Batteries Plus has emerged properly equipped to tackle new challenges.
Moreover, the company has proactively focused on innovation, enhancing its service offerings to meet the changing demands of the market. Strategic partnerships with industry leaders have played a crucial role in transforming its business-to-business (B2B) relations and overall presence across the U.S. With more than 800 stores in development nationwide, the company's omnichannel approach ensures customers have access to diverse services including battery replacements, key fob programs, and phone repairs, making it a one-stop-shop.
Joe Malmuth, Chief Development Officer of Batteries Plus, emphasized that the franchise's service model is recession-resilient, saying, "We cater to both individual consumers and large-scale commercial clients, ensuring accessibility and value across the board. Our recognition on the Franchise 500 list highlights our commitment to providing unparalleled value to franchisees and customers alike."
In its journey, Batteries Plus manages to maintain its competitive edge while effectively catering to its clientele's essential needs. The company stands out for offering multiple revenue streams, backed by a robust support system designed to ensure long-term success for franchisees.
As Batteries Plus continues to carve its path in the battery industry, its future looks promising. Interested entrepreneurs can find more about franchise opportunities and details regarding store locations through the company's website, batteriesplusfranchise.com. With its strong history and consistent growth trajectory, Batteries Plus is undoubtedly a necessary partner for anyone seeking a reliable franchise.
For those looking to discover more about the Franchise 500 rankings, the full list is available on Entrepreneur's website at Entrepreneur.com/franchise500 or in their latest issue. Batteries Plus is poised for further growth, and its position within the Franchise 500 not only validates its commitment but also reinforces its brand presence.
ABOUT BATTERIES PLUS
Founded in 1988 and headquartered in Hartland, WI, Batteries Plus has become a leader in the omnichannel retail of batteries, specialty light bulbs, and phone repair services. Its unique value proposition promises unrivaled product selection and superlative customer service, ensuring that the customers are satisfied and return for more. Owned by Freeman Spogli, a private equity firm based in both Los Angeles and New York City, Batteries Plus is widely recognized as one of the best franchises to invest in America.