Batteries Plus Posts Impressive Growth and Future Expansion Plans
Batteries Plus Posts Impressive Growth and Future Expansion Plans
The leading specialty battery franchise, Batteries Plus, entered the new year on the back of phenomenal growth in the previous year. With a remarkable 57 signings and 30 new store openings across numerous states, Batteries Plus solidifies its position as a key player in the market of sustainable power solutions.
Growth Stats from 2024
As we reflect on the past year, Batteries Plus has experienced substantial growth through its innovative business model. The brand has successfully expanded its footprint in 2024, dazzling stakeholders with 57 signed agreements and 30 new store openings across 15 states. This impressive achievement is indicative of the franchise's ongoing commitment to offering essential battery solutions to consumers and businesses alike.
A Landmark Agreement
Among the highlights of 2024 was a significant Market Stewardship agreement, marking a strategic collaboration with the MarLu Investment Group, a well-regarded multi-unit operator. This type of agreement, a blend of Master Franchise and Area Development models, is a pathway for extending Batteries Plus' reach, granting franchisees exclusive market rights which foster expansive growth opportunities.
Success of the Franchise Model
Joe Malmuth, Chief Development Officer of Batteries Plus, emphasized the effectiveness of their business model. He stated, “2024 was a shining example of how our franchisees established deep connections within their communities, leading to a successful expansion throughout the year.” This statement reiterates the franchise's dedication to local engagement, which is pivotal for sustained growth.
Achievements in Specific Markets
Batteries Plus strategically opened new locations in critical markets including California, Florida, Michigan, New York, North Carolina, and Texas, catering to an increasing demand for sustainable battery solutions. By expanding to these influential states, Batteries Plus aligns its growth strategy with consumer needs while promoting successful battery recycling initiatives.
Future Goals for 2025
Looking forward to 2025, Batteries Plus is setting its sights even higher, with ambitious targets of achieving another 50 new signings and opening 30 additional store locations nationwide. Through the continued implementation of its Market Stewardship program, the brand aims to create substantial growth pathways for its franchisees and expand its impact in essential markets.
Recognition and Rankings
As a testament to its growth and operational excellence, Batteries Plus proudly ranks #128 on Franchise Times' prestigious Top 400 list. Additionally, it proudly maintains its esteemed position within Entrepreneur Magazine's Franchise 500 Hall of Fame, as well as recognition on lists such as the Top Brands for Multi-Unit Owners.
About Batteries Plus
Batteries Plus was founded in 1988, and is recognized as an omnichannel leader in providing batteries and related services. With its headquartered location in Hartland, WI, the franchise has cultivated a robust network, allowing it to deliver exceptional product availability and customer service to both consumers and commercial clients.
Batteries Plus specializes not only in battery retail but also offers related services such as specialty light bulbs, phone repair, and critical programming and replacement services. The franchise is backed by Freeman Spogli, a notable private equity firm with offices in major U.S. cities, allowing for ongoing investment in growth and innovation.
If you are interested in exploring franchising opportunities with Batteries Plus, please visit their official site for more information.
Frequently Asked Questions
What were the key growth metrics for Batteries Plus in 2024?
Batteries Plus achieved 57 signed agreements and opened 30 new locations across 15 states, indicating strong market expansion.
What is the Market Stewardship program?
This program allows franchisees exclusive rights to entire markets, enabling them to expand strategically and efficiently across multiple units.
How does Batteries Plus plan to grow in 2025?
The company aims to achieve 50 new signings and open 30 additional locations while continuing its Market Stewardship initiatives to foster growth.
Where did Batteries Plus open new locations?
New stores were opened in key markets like California, Florida, Michigan, New York, North Carolina, and Texas, broadening their service footprint.
What ranks has Batteries Plus achieved in franchise listings?
Batteries Plus ranks #128 on Franchise Times' Top 400 list and is a member of Entrepreneur Magazine's Franchise 500 Hall of Fame, reflecting its operational success.
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