Batteries Plus Ranks on Entrepreneur’s 2023 Franchise 500 List
January 13, 2023 // Franchising.com // HARTLAND, Wis. - Batteries Plus was recognized as one of the top 500 franchises in Entrepreneur’s Franchise 500®. The 2023 Franchise 500® ranked Batteries Plus as #351 for its performance in areas including unit growth, financial strength and stability, and brand power.
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 44-year-old ranking formula continues to evolve as well. The editorial team researches and assesses several factors that go into the evaluation including costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is 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 ranking order. Over its 44 years in existence, the Franchise 500® has become both a competitive measure for franchisors and a primary research tool for potential franchisees.
“This achievement highlights all the hard work our franchise owners and franchise support leadership team,” said Scott Williams, CEO of Batteries Plus.
“Batteries Plus franchise owners are passionate about providing essential products and services to their local communities and this feel-good aspect of our brand continues to help us grow,” said Jon Sica, Chief Business Officer for Batteries Plus.
SOURCE Batteries Plus
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