|By Business Wire||
|June 18, 2014 02:21 PM EDT||
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® 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, visit http://www.batteriesplus.com/franchising/.
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 Envy, Carvel Ice Cream, Cinnabon, Schlotzsky's, Moe's Southwest Grill, McAlister's Deli, FASTSIGNS, Arby’s, Primrose Schools, Wingstop, Pet 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