Batteries Plus Ranks in Entrepreneur’s First-Ever List of Top Franchises for Multi-Unit Owners
HARTLAND, Wis., (AUGUST 17, 2023) – Batteries Plus, the world’s leading specialty battery franchise retailer, has been recognized in Entrepreneur’s inaugural ranking of the Top Brands for Multi-Unit Owners. The ranking, which appears in the July/August issue of Entrepreneur magazine and on Entrepreneur.com, identifies the brands with the most appeal for prospective franchisees interested in multi-unit ownership, as well as existing franchisees looking to expand their portfolios. Batteries Plus came in at No. 126.
“This inaugural ranking underscores a multitude of milestones that the franchise has realized just this year; milestones specific to the sales achievement goals and success of our franchisees,” said Joe Malmuth, Chief Franchising Officer for Batteries Plus. “It’s yet another proof point on the value and profitability that franchisees can find with the Batteries Plus business model.”
According to franchise research and advisory firm FRANdata, 53.2% of all franchise units operating in the U.S. last year were owned by multi-unit operators. To determine the top brands for multi-unit ownership, Entrepreneur asked franchisors a few relevant questions: Do they offer discounts to franchisees purchasing multiple units? What percentage of their franchisees own multiple units? What percentage of their brand’s total units are owned by multi-unit franchisees? What is the average number of units owned by each franchisee? And finally, do they only sell multiple units or master licenses?
They also factored in each company’s Franchise 500 score, which is based on an analysis of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial stability.
Franchisees have been driven to join the Batteries Plus family for a multitude of operational and brand-specific reasons. Including such things as the faster-than-average timeframe for new store openings, commercial business opportunities that franchisees can take advantage of before even opening their doors, the minimal number of employees required to efficiently staff any location, and the experienced support team that exists on the corporate side.
"Entrepreneur's lists reflect the state of the franchise industry—and there is perhaps no greater story than the power of the multi-unit franchisee," says Jason Feifer, editor in chief of Entrepreneur magazine. "The industry is increasingly embracing them as motivated, knowledgeable, capable operators, and it's no wonder that brands are now competing for these great multi-unit owners' attention."
To view Batteries Plus in the 2023 Top Brands for Multi-Unit Owners list, pick up the July/August issue of Entrepreneur magazine, on newsstands as of July 18th, or find the list online at https://www.entrepreneur.com/franchises.
ABOUT BATTERIES PLUS:
Batteries Plus, founded in 1988 and headquartered in Hartland, WI, is a leading omnichannel retailer of batteries, specialty light bulbs and phone repair services for the direct-to-consumer and commercial channels. The retailer also offers key programming, replacement and cutting services. Through a nationwide network of stores, the company offers a differentiated value proposition of unrivaled product selection, in-stock availability and customer service. Batteries Plus is owned by Freeman Spogli, a private equity firm based in Los Angeles and New York City. To learn more about one of Forbes®' Best Franchises to Buy in America, visit https://www.batteriesplusfranchise.com.
Hemsworth Welcomes Main Line Brands, Dr. Raj Gupta to Client Roster
FORT LAUDERDALE, Fla. – (April 16, 2024) – Hemsworth, a top-ranked, award-winning global communications agency specializing in brand strategy, public relations and social media, today announced the addition of two new clients. Effective immediately, Main Line Brands – including portfolio of home and commercial service companies, Mosquito Authority, Pest Authority and Fitness Machine Technicians – have joined the Hemsworth: Franchise Brands division. Additionally, holistic wellness expert Dr. Raj Gupta has joined the Hemsworth: Lifestyle division.
Freddy’s Frozen Custard & Steakburgers Officially Opens New Training & Innovation Center
WICHITA, Kan. (AUGUST 20, 2024) – Fast-casual restaurant concept Freddy’s Frozen Custard & Steakburgers® (Freddy’s) is excited to announce the opening of its new Training & Innovation Center. Built in the brand’s hometown of Wichita, KS, the 23,000-square-foot space furthers the brand’s commitment to serving quality food through efficient training of franchisees and managers – from perfecting the cooked-to-order steakburger, to creating treats made with freshly churned frozen custard. As the brand looks to continue innovating new menu items, the center’s cutting-edge equipment and technology, coupled with its simulated back-of-house restaurant will be home to virtual training sessions, on-site product testing, and consumer focus groups.
Batteries Plus Q2 Performance Highlights the Public’s Return to Brick-and-Mortar
HARTLAND, Wis., (AUGUST 2, 2023) – Batteries Plus, the world’s leading specialty battery franchise retailer, put its recession-resilience to the ultimate test these past few years, weathering one of the most significant economic fallouts in recent history with the onset of the pandemic. And the consumer return to a brick-and-mortar purchasing experience has only benefitted the brand all the more. Their end-of-Q2 performance is a testament to the comeback and resilience of an in-person retail model.
