Joe Nelson, store
manager of the 1190 W. Sunset Drive Batteries Plus
Bulbs location, tests a car battery on Tuesday.
HARTLAND — The future continues to glow brightly for
Hartland-based Batteries Plus Bulbs, which announced
Tuesday it was named one of the best American franchises
to buy by Forbes due to its continuous store expansion
and sales growth.
In 2014, Batteries Plus Bulbs opened 42 new store
locations nationwide and saw a system-wide sales
increase of 8.6 percent — including a 74 percent
increase in overall light bulb sales, according to the
announcement. The growing battery, light bulb and
smartphone and tablet repair franchise now has more than
650 locations in the U.S. and Puerto Rico.
During the past five years, Batteries Plus Bulbs has had
a 12 percent growth rate and 97 percent franchise
continuity, according to the company. It has therefore
been ranked No. 8 in Forbes’ mid-range investment
category, where franchise investments range from
$150,001 to $500,000.
“We’re honored to be recognized among Forbes’ list of
best performing franchises in America for the second
year running,” said Russ Reynolds, CEO of Batteries Plus
Bulbs, in a statement. “This is truly a testament to the
endurance of our brand and underscores our commitment to
evolving with industry trends while continuing to
provide the tools necessary for our franchisees to be as
successful as possible. With one quarter of our
franchisees opening up more than 90 additional stores in
the last three years, this further validates the
outstanding franchise opportunity we offer.”
Joe Nelson, store manager of the 1190 W. Sunset
Drive Batteries Plus Bulbs location, looks over LED
lighting products on Tuesday.
Charles Auer/Freeman Staff
In 2013, Batteries
Plus Bulbs opened 55 new stores and anticipated creating
about 275 to 330 jobs in 2014.
Headquartered on Walnut Ridge Drive in Hartland, the
25year-old company occupies about 15,000 square feet in
an industrial park.
In 2015, Batteries Plus Bulbs has plans to open 50 new
locations across the country, focusing in the Northeast
and southern California.
Reynolds previously told The Freeman that he envisioned
continued growth in franchisees, new products and
services. “We continue to look for more ways to meet
customers’ needs and new ways to drive revenue to the
store,” Reynolds said.
The company continues adding innovative products and
expanding services such as onsite repairs for iPhone,
iPad and iPod Apple devices and most Samsung devices.
Batteries Plus Bulbs also seeks to help U.S. military
veterans own business through its Ownership with Honor
program, which provides more than $210,000 in financial
support that funds nearly 85 percent of the initial
store investment, according to the company.
T he second annual “Best and Worst Franchises to Buy,
2015,” rankings were compiled from performance and
revenue metrics analyzed by FRANdata, a research and
consulting firm studying the comparative performance of
franchise brands. FRANdata measured franchise
performance based on demand for the franchise brand,
success of existing franchisees, franchisor support from
the perspective of “lender friendliness,” transparency
and average investment.
Batteries Plus Bulbs is owned by Roark Capital Group, an
Atlanta-based private equity firm.