Battery retail giant consistently moves up the ranks of coveted list
September 15, 2010 // Franchising.com // Hartland, WI - Batteries Plus, the nation's largest and fastest growing battery retailer with 420 locations in 44 states and access to 40,000 types of batteries and accessories, announced today that the franchise has been named to the 2010 Inc. 5000 list. This is the fourth consecutive year that Batteries Plus has received this honor.
The annual list put together by Inc. magazine represents the most comprehensive look at the most important segment of the economy - America's independent-minded entrepreneurs. Batteries Plus ranked #2645 on this year's list, up from #3143 in 2009 and #4010 in 2008.
"This ranking is attributed to the hard work and success of our franchise owners and the dedication they have to their business," said Russ Reynolds, CEO of Batteries Plus. "Batteries Plus continues to be the local battery expert, answering all the battery needs for consumers and businesses across America."
The 2010 Inc. 5000 list measures revenue growth from 2006 through 2009. To qualify, companies had to be U.S.-based and privately held, for profit, independent -- not subsidiaries or divisions of other companies -- as of December 31, 2009. Revenue generated in 2006 must have been at least $100,000, and revenue in 2009 must have been at least $2 million.
"Our stores have experienced double digit sales growth for the past four years," added Reynolds. "In the current economy very few retailers can make that statement."
Complete information on this year's Inc. 5000 can be found at www.inc.com/inc5000.
Batteries Plus is the nation's largest and fastest growing battery retailer, selling more than 50 million batteries per year. Batteries Plus, designated by Inc. Magazine as the nation's fastest growing specialty retailer and ranked as the #1 Battery Franchise by both Entrepreneur Magazine and D&B AllBusiness.com, has over 420 locations in 44 states and Puerto Rico. With access to more than 40,000 types of batteries and accessories, Batteries Plus has the widest selection of batteries and battery-related products and offers unmatched service to consumers, businesses and government entities at the national and local levels. Batteries Plus stores also feature Tech Centers equipped to design, assemble, rebuild, and test custom battery packs. Batteries Plus continues its reign as the undisputed battery retailing leader in the expanding $24 billion dollar battery category, estimated to reach $33.6 billion in 2012.