Batteries Plus mid-year growth highlights increased demand for power supply products

New Market Presence and Franchise Partners Bring Leading Battery Retailer to More Consumers Than Ever

HARTLAND, Wis., July 12, 2022 /PRNewswire/ — Batteries Morethe nation’s largest and fastest growing battery, bulb, key fob and phone repair franchise, entered the year using expertise and forward-thinking strategy that led to success system-wide in 2021. And while many may have envisioned surpassing the metrics of a banner year for the franchise being high, the Batteries Plus team reached the end of the second quarter on a course of expansion that even exceeded its own expectations for 2022.

Over the past three months, 8 agreements have been signed for 19 new sites across the country. For reference, that puts the brand at 37 signed deals and 18 total openings for 2022 so far. In line with the company’s projection of having more than 740 units in full operation by the end of the year, with a target of 60 such units resulting from efforts this year alone.

The brand’s increased presence is largely the result of its efforts to break into new markets. An ongoing mission the franchise holds dear as a means of providing essential tools and supplies to families and individuals in need, on as large a scale as possible. The second quarter alone saw Batteries Plus open the doors to the first locations in Vermont, California, Georgia, Pennsylvania, Illinois, Missouri, Texas, Kansasand Florida.

“Interest in the franchise opportunities available with Batteries Plus has never been higher,” said Joe Malmuth, Vice President of Franchise Development and Relationships for Batteries Plus. “Existing franchise partners and potential candidates are vying to leverage our needs-based products, hoping to build and/or diversify their portfolio with a brand proven to overcome market volatility.”

The second quarter in particular saw a variety of forums that helped make Batteries Plus a bigger part of the national conversation. The onset of hurricane season and summer power outages have prompted consumers to flock to their local franchise(s) to prepare for emergencies and stock up on energy. As the continued navigation of supply chain shortages and inflationary woes has highlighted the importance of the brand’s product and sourcing departments, which have worked closely with franchise owners to ensuring the shelves at the local Batteries Plus location remain stocked and ready to meet consumer demands.

Batteries Plus was rated on Franchise hours Top 400 list, coming in at #130. And for the 29e consecutive year, the brand ranked on Entrepreneur magazine’s Franchise 500 list, climbing 69 spots from last year’s ranking.

To learn more about Batteries Plus, including information on the franchise opportunity or virtually visit a store, visit batteriesplusfranchise.com.

ABOUT PLUS BATTERIES:

Batteries Plus, founded in 1988 and based in Hartland, Wis., is a leading omnichannel retailer of batteries, specialty light bulbs, and phone repair services for the direct-to-consumer and business channels. The retailer also offers programming, replacement and key cutting services. Through a nationwide network of stores, the company offers a differentiated value proposition of unmatched product selection, in-stock availability and customer service. Batteries Plus belongs to Freeman Spoglia private equity firm based in Los Angeles and New York City. To learn more about one of the best Forbes® franchises to buy in America, visit https://www.batteriesplusfranchise.com.

Contact: Conner Gossel937-545-9812, [email protected]

SOURCE Batteries More