Batteries Plus Ranks on Entrepreneur’s Franchise 500 List

By: Batteries Plus | 0 Shares 188 Reads

January 17, 2024 // Franchising.com // HARTLAND, Wis. - Batteries Plus was recognized as one of the top 500 franchises in Entrepreneur’s Franchise 500®. Franchise 500® ranks Batteries Plus up 40 spots from last year’s ranking, an overall improvement of 162 spots over the past three years, for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.

“Every brand on the Franchise 500 has its own unique story, but they all collectively make the same statement: Franchising is strong and resilient, is full of innovation and opportunity, and provides a powerful entrepreneurial path for many people,” says Jason Feifer, Editor-in-Chief of Entrepreneur. “Our 45th annual ranking is full of companies with fresh ideas, exciting business models, cultural sway, and the kind of business sophistication that will define the next 45 years and beyond.”

In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s ranking formula continues to evolve as well. The editorial team researches and assesses several factors, including costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is then given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranked order.

SOURCE Batteries Plus

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