Batteries Plus sees Q3 franchise growth

Batteries Plus reported that it has witnessed strong growth in the third quarter of 2024.

The omnichannel retailer of batteries, specialty light bulbs, and phone repair services said that it signed five new franchise owners during the period. As a result, the company said 16 new locations will open in Georgia, Massachusetts, Michigan, Ohio, and Texas.

Aside from the franchise agreements, Batteries plus opened five new locations in North Carolina, Ohio, Virginia, and Florida (two locations).

“Our continued success reflects the strength of our franchise opportunity and the trust entrepreneurs have in our brand,” said Joe Malmuth, chief development officer for Batteries Plus. “With unmatched support and resources, we ensure that franchisees are equipped to meet the needs of their communities. This quarter’s growth highlights the increasing demand for our products and services, making Batteries Plus a highly sought-after investment.”

In a press release detailing recent growth, the Hartland, Wisconsin-based company also noted that it “remains focused on supporting franchise owners with industry-leading resources, tools, and corporate guidance.”

This includes the recent appointments of Victor Daher as global vice president of franchise development and Brandon Mangual as vice president of franchise development.

“As we move toward the close of 2024 and into the years ahead, Batteries Plus is positioned for continued growth and success,” said Daher. “Our focus remains on supporting our franchisees with innovative solutions, expanding into new markets, and enhancing our diversity initiatives. We’re excited about what’s to come and are confident that our approach will lead to even greater accomplishments.”

“Empowering our franchisees with the resources they need to thrive is our top priority,” added Mangual. “By strengthening our support systems, we’re helping them achieve success and making our brand even more resilient.”

According to Batteries Plus, the company has more than 700 locations with opportunities for franchisees in all 50 U.S. states and Puerto Rico.

The company estimates that the initial investment will run from $246,918 to $498,419. While Batteries Plus said it doesn’t offer financing, it will assist franchisees in connecting with SBA lenders and contacts.