We know when it comes to choosing a franchise brand to partner with, you’ve got plenty of options. But with those options comes the task of due diligence. You’ve got to whittle down your choices and make the investment that will best allow you to realize your goals for growth and success. Is Batteries Plus bulbs a good investment? You bet it is! We’re an award-winning brand that’s been in business for over 30 years. We’ve been named to Entrepreneur Magazine’s “Franchise 500” list for 28 years running, and we continue to be recognized for our growth and our franchisee support. Here, we’ll take a brief look at the Batteries Plus investment and why it’s such a smart one to make.
Your Initial Investment
Starting any small business requires an investment in time, energy, and money, and a Batteries Plus franchise opportunity is no different. The good news is that because we’ve helped so many people start their franchises, we have a very good idea about the financial resources you’ll need in order to get your store up and running. Below is a snapshot of what you can expect to pay as you ask yourself, is Batteries Plus bulbs a good investment?
- Initial franchise fee: All franchisors charge a one-time franchise fee, and ours is $39,000. This fee is an important part of your investment because it grants you the right to operate under the respected Batteries Plus brand name, makes available our proven business model, and allows you to leverage countless resources to simplify operations. These advantages can mean a quicker return on your investment, far more so than if you were to start your business from scratch. Best of all, you’ll have access to a team of experts to help you navigate the rewards and challenges of ownership. You’ll be in business for yourself but not by yourself!
- Leasehold improvements: Location is everything, and finding the right one for your Batteries Plus store is critical. Once you’ve found it, you’ll need to make sure it looks welcoming and is a place that people can easily shop. That’s why your estimated total investment includes up to $40K in leasehold improvements. This amount will vary, depending on how much work is needed to transform your space. It covers expenses like new flooring, window repairs/replacement, lighting, and other necessary improvements you may need to make.
- Initial marketing: Getting the word out about your new business is critical to your success, especially at first. We’ve estimated you’ll need to spend between $10K and $20K on the initial marketing that will generate excitement about your grand opening and let your community know your doors are open. The good news is our marketing team is made up of experts who know how to get the most for your dollar. With ready-made marketing collateral and years of experience, we’re here to guide you in creating the perfect strategy that’ll reach your best customer and drive business to your store!
These are just some of the figures that you’ll need to consider. In total, new franchisees can expect to spend anywhere from $199,025 to $361,200 to open their new Batteries Plus store.
Leverage Multiple Industries
Is Batteries Plus bulbs a good investment? We certainly think so, especially when you consider it gets you our comprehensive pre-opening training and our ongoing support for the life of your business. Perhaps more importantly, it allows you to leverage multiple multi-billion-dollar industries, like lighting, phone and tablet repair, smart home technology, and much more! These industries continue to grow and only promise to become more relevant and necessary as time goes on — making the Batteries Plus investment one of the best in franchising!
Invest in your future with a Batteries Plus franchise opportunity! Reach out today to find out how to get started and learn firsthand why Batteries Plus is a good investment.