Batteries Plus Bulbs Propels Forward, Posting 29 Consecutive Years of Growth
Surging Demand Results in Ongoing Expansion of Nation's Only Battery, Light Bulb and Phone Repair Service Franchise
HARTLAND, Wis. - Feb. 20, 2018 // PRNewswire // - Few franchise opportunities are as proven and successful as Batteries Plus Bulbs has been since 1988. A continued focus on product and service innovation to satisfy emerging demand and stay on-trend has made the franchise a profitable business with consecutive years of same-store and system sales growth. From 2016 to 2017, Batteries Plus Bulbs experienced a 3.7 percent increase in same-store sales and a 5.3 percent increase in system-wide sales. Over the last three years, system-wide sales have grown 22.6 percent.
Batteries Plus Bulbs is the uncontested leader in the $32 billion U.S. battery industry and the U.S. light bulb industry, estimated to be at $22 billion in sales. It's also the top phone repair franchise in terms of number of retail locations nationwide, serving the $3.9 billion repair industry. A significant category investment from 2016 to 2017 resulted in exceptional total sales growth in phone repair, a 42 percent increase. The light bulb replacement category grew 4.8 percent. Furthermore, the company's expansion of its We Fix It® repair business has helped drive additional sales growth at the store level. Its nationwide network of more than 700 stores performed nearly 650 different types of phone repairs last year; and to-date, We Fix It has conducted close to 2 million repairs on phones.
"Batteries Plus Bulbs is a franchise business that continues to experience skyrocketing demand in the industries we serve," said Russ Reynolds, Chief Executive Officer, Batteries Plus Bulbs. "U.S. households have approximately 3.2 billion devices requiring batteries and 7 billion light bulb sockets requiring light bulbs. At some point, these batteries and light bulbs will need to be replaced, and many of those devices repaired. We specialize in providing solutions to people's problems, especially in a dynamic and evolving retail environment where immediacy and convenience are in high demand."
- Concluded 2017 with 26 new store openings, 23 of which are franchise-owned and 3 corporate locations
- Improved operational excellence and sales through service innovation led the company to bolster its corporate headcount by 14 percent in 2017, bringing total corporate employees to 696
- Experienced a 12 percent growth in store locations over the last three years
- Forty-eight percent of locations are owned by franchisees who operate more than one location
- Now serves more than 275,000 ongoing commercial and national accounts annually across diverse industries, including travel, hospitality, construction, government entities and municipalities, and more
Batteries Plus Bulbs projects to open 33 more franchise locations and 14 corporate locations in 2018, which will add around 165 new jobs in local communities. Franchise expansion is available across the U.S., with key markets identified in parts of the mid-Atlantic and New England regions of the Northeast, and in southern California on the West Coast.
For more information on Batteries Plus Bulbs, please visit https://www.batteriesplus.com/. To learn more about franchising opportunities with the company, visit https://www.batteriesplus.com/franchise.
About Batteries Plus Bulbs
Batteries Plus Bulbs, founded in 1988 and headquartered in Hartland, WI, is a leading omni channel retailer of batteries, specialty light bulbs, and phone repair services for the direct-to-consumer and commercial channels. Through a nationwide network of stores, the Company offers a differentiated value proposition of unrivaled product selection, in-stock availability and customer service. Batteries Plus Bulbs is owned by Freeman Spogli, a private equity firm based in Los Angeles and New York City. To learn more about one of Forbes®' Best Franchises to Buy in America, visit https://www.batteriesplus.com/franchise.
SOURCE Batteries Plus Bulbs