Batteries Plus Celebrates Third Year in Franchise Hall of Fame
Batteries Plus Achieves Prestigious Franchise Hall of Fame Recognition
Specialty Battery Franchise Honored for Over Three Decades of Impact Within the Franchise Space
For the third consecutive year, Batteries Plus, a leader in the consumer and business specialty battery franchise market, has been acknowledged by Entrepreneur Magazine as a distinguished brand in the Franchise 500 Hall of Fame. This esteemed recognition is bestowed upon elite franchises that have maintained a position on Entrepreneur's Franchise 500 ranking for at least 25 consecutive years.
Longevity and Success on the Franchise 500
Batteries Plus boasts an impressive track record, having ranked on the Franchise 500 for 31 consecutive years while gaining 40 spots from the previous year. This remarkable longevity speaks volumes about the brand's resilience, ability to adapt, and commitment to meeting evolving marketplace demands.
Expert Insights from Company Leaders
"This recognition is a testament to the strength of our franchise model and our unwavering commitment to innovation and franchisee support," stated Joe Malmuth, Chief Development Officer at Batteries Plus. He emphasized the brand's dedication, saying, "This achievement reflects the passion and hard work of our entire network, and we are thrilled to once again be recognized among the best in franchising."
Competitive Ranking Criteria
According to Entrepreneur, the selection process for the Franchise 500 Hall of Fame involves a meticulous analysis of numerous data points. This includes aspects like costs and fees, size and growth metrics, franchisee support, brand strength, and financial stability. The competition for this honor intensifies each year, making it even more challenging for brands to rank consistently over 25 years.
Batteries Plus: A Leader in Battery Solutions
Batteries Plus has established itself as a global powerhouse in fulfilling customers' battery needs across various applications, including cars, boats, phones, and key fobs. The company operates and develops more than 800 stores nationwide, effectively carving out a significant niche in the industry through its unique 'plus' services, such as cell phone repair and key fob replacement.
Recognition in Industry Publications
In addition to its Hall of Fame status, Batteries Plus has demonstrated consistent growth and innovation, achieving a spot in the Franchise Times Top 400 list, where it ranked #130. This further underscores the company’s position as a frontrunner poised for the future of battery-powered solutions.
Individuals interested in viewing the Franchise 500 Hall of Fame list for Batteries Plus can reference the latest issue of Entrepreneur magazine.
About Batteries Plus
Batteries Plus, founded in 1988 and headquartered in Hartland, WI, stands as a prominent omnichannel retailer specializing in batteries, light bulbs, and phone repair services targeted at both direct consumers and commercial markets. The company integrates key programming, replacement, and cutting services into its offerings. With a comprehensive nationwide network of stores, Batteries Plus creates a unique value proposition with unparalleled product selection, in-stock availability, and outstanding customer service. The franchise is owned by Freeman Spogli, a private equity firm based in Los Angeles and New York City.
Media Contact:For more information, contact Julianne Stevenson from Fishman Public Relations at 224-558-2510.
Frequently Asked Questions
What is the significance of the Franchise Hall of Fame?
The Franchise Hall of Fame recognizes brands that demonstrate exceptional longevity and resilience in the industry, having ranked on Entrepreneur's Franchise 500 list for 25 consecutive years or more.
How many years has Batteries Plus ranked on the Franchise 500?
Batteries Plus has ranked on the Franchise 500 for 31 years in a row, showcasing their enduring success and adaptability.
Who is the Chief Development Officer of Batteries Plus?
Joe Malmuth serves as the Chief Development Officer of Batteries Plus, emphasizing innovation and franchisee support.
What services does Batteries Plus offer besides batteries?
In addition to batteries, Batteries Plus provides services such as cell phone repair and key fob replacement.
Where can I find more information about Batteries Plus?
For additional details, you can visit the Batteries Plus official website or refer to the latest issue of Entrepreneur magazine.
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