HARTLAND, Wis., March 1, 2012 // GLOBE NEWSWIRE // -- Batteries Plus(R), the nation's first, largest and fastest growing battery and light bulb franchise had another record year in 2011, including the opening of its 500th store. The company opened more than one store per week, totaling 59 stores by year's end, and had a record year of franchise agreement signings for 71 new stores.
Batteries Plus began franchising in 1992 with its first franchise owned store in Fort Wayne, IN. Batteries Plus has grown to now offering a comprehensive selection of over 40,000 batteries, light bulbs, related products and technical support across 500 stores in 46 states and Puerto Rico.
Batteries Plus serves the expanding $30.7 billion U.S. battery industry and the growing U.S. light bulb industry estimated to be at $14 billion in sales (Freedonia Research Study). "The demand for replacement batteries for portable devices and energy saving light bulbs is very strong and has allowed us to fulfill a fundamental need for consumers and businesses," said John Twist, Vice President of Franchise and Business Development. "People visit our stores because they need batteries and light bulbs and they realize that 'so does everyone else'. Many have realized this great business opportunity and invested in a Batteries Plus franchise, allowing them to be the single-source light bulb and battery supplier in their community."
Batteries Plus stores offer battery products for everything from cell phones and laptops to construction and industrial equipment. Batteries Plus' light bulb products include everything from the norm, such as light bulbs for recessed lighting, track lighting, incandescent and CFL light bulbs, to the extra ordinary light bulbs for cars, healthcare equipment, aquariums, projectors, and much more. Batteries Plus lighting experts will show customers the value of switching from incandescent light bulbs to CFLs or LEDs when lighting their home or business and can recommend color temperature and energy saving options depending on the application.
Batteries Plus has been designated as the 5th fastest growing franchise in the U.S. based on percentage unit growth from 2009-2010 by Franchise Times(R) Top 200, and also received high praise from Entrepreneur Magazine and AllBusiness.com, both of which ranked Batteries Plus as the nation's #1 Retail Battery Franchise. The Batteries Plus franchise opportunity is in a unique position to offer prospective franchisees multiple revenue streams including retail, business-to-business, and ecommerce sales.
Coming off a 44% increase in store count over the past 3 years, and with same store sales growing an average of 12.4% over that same span, Batteries Plus remains one of the top franchise opportunities on the market in 2012.
Batteries Plus, the nation's first, largest and fastest growing battery and light bulb franchise, has over 500 locations in 46 states and Puerto Rico. Learn more about the Batteries Plus franchise opportunity by visiting www.batteriesplus.com/franchising for more information.
Fishman Public Relations