July 15, 2008 // Franchising.com // - (DALLAS) – On the heels of a record-setting month of franchisee signings, Interstate Batteries Franchise and Development, the franchisor of Interstate All Battery Center (IABC), announces the signing of its 100th retail location.
IABC franchisee Dan Spata will open the store in Skokie, Ill. in late 2008 and will offer one-stop shopping for more than 13,000 types of batteries and power solutions for everything from laptops and cameras to boats and hearing aids. Spata will extend IABC's "Have it - Find it- Build it" promise to consumers, ensuring that if IABC does not have the battery solution a customer needs, the company will find or build it.
"Interstate All Battery Center was the first nationally established brand to enter the fragmented battery market and achieving this milestone confirms a growing consumer demand for all kinds of batteries," said Interstate Batteries Franchise and Development Director Justin Darland. "With record sales and more store locations on the map weekly, we're well on our way to accomplish our goal of 300 stores by 2012."
Recognized by Franchise Business Review in its annual Top 50 list of leading franchisor brands and experiencing record sales volumes, IABC is highly positioned to lead the retail battery category, which analysts project will reach $50 billion by 2010. The company's revenue has continued to climb for four straight years and 2008 revenue is up seven percent from last year. Specifically, records show sales of everyday household batteries and custom-assembled batteries (designed to build less common power solutions for older or more select gadgets and devices) have increased in 2008.1
Founded in 1952 and based in Dallas, Interstate Batteries is a privately held group of corporations, which includes a company with 305 distributors that service more than 200,000 dealers throughout the United States, Canada and select international locations. Interstate is the top-selling replacement automotive brand battery in North America, selling more than 15 million units annually. Interstate All Battery Centers currently has more than 108 stores in 35 states, Canada and Puerto Rico. Customers can visit allbatteryfranchise.com to find the nearest All Battery Center.
1. Average franchise gross sales for fiscal year 2007 were $858,550 vs. fiscal year 2008 $916,386. The average sales total of $916,368 represents operating results for 14 freestanding franchised centers open for the 12 month fiscal year 2008, during which gross sales for those centers ranged from 467,866 to 1,469,738. Of the 14 centers, 6 centers or 43% achieved gross sales exceeding the average. Franchisee gross sales may differ and there is no assurance a franchisees will attain the average sales shown here. See the Franchise Disclosure Document for details. To request a Franchise Disclosure Document please visit www.allbatteryfranchise.com or call 800.730.7868.