Batteries Plus Named Top Battery Franchise By Entrepreneur Magazine
Fastest Growing U.S. Battery Retailer Thrives in Tough Economy, Opens More than 40 Stores
January 15, 2010
Hartland, WI - (January 2010) While many companies are struggling during the current economic conditions Batteries Plus, the nation's largest all battery retailer, recorded its best year in company history.
This year marks the 31st in which Entrepreneur Magazine has released theFranchise 500 list. The prestigious business magazine's rankings are determined on objective and quantifiable measures of franchise success. The most important factors used in determining rankings include financial strength and stability, growth rate, and size of the system. Other factors taken in to consideration include the number of years a company has been in business, the length of time the concept has been franchising, startup costs, litigation, percentage of terminations, and whether the company provides financing to entrepreneurs.
"Since the day the first Batteries Plus location opened in 1988, it has been our goal to be the place where people go when they need batteries of any kind," said Russ Reynolds, CEO of Batteries Plus. "Over the past 20-plus years we've grown into the largest battery franchise in the country and people have taken notice of our success. Every person and every business in the country has battery needs and more people are realizing that we can help save time and money. Our ranking as the best battery franchise is further proof that we are one of the best overall franchise concepts in the country."
Batteries Plus has been piling up the accolades in the past year. The news of the Entrepreneur Magazine "Franchise 500" listing comes after being named the most searchable online retailer for car batteries by Internet Retailer and being named number 59 overall in Dun & Bradstreet's AllBusiness AllStars rankings, which listed the top 300 best franchises in the country. Having opened a record number of stores in 2009, Batteries Plus is fast becoming one of the most attractive franchise opportunities on the market.
MEDIA CONTACT: Chad Nason, Fishman Public Relations, 847.945.1300 x234 or cnason[at]fishmanpr.com