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Batteries Plus franchise financing options

Compare costs, fees and where to get financing for a Batteries Plus.

Editor's choice: OnDeck business lines of credit

  • Business loan amounts up to $250k
  • Repayment terms up to 18 months
  • $100k in annual revenue required
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Overall costs for Batteries Plus run anywhere from $191,450 to $375,230. See how the costs break down and what funding options might be right for your new venture into the franchise foray.

Estimated initial costs

Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Batteries Plus franchise may result in higher or lower fees.

Franchise fees

Batteries Plus franchise fees total around $31,250, which beats out the $37,000 average for the 200 largest franchises nationwide.
Franchise Cost
Initial franchise fee $25,000 to $37,500
Estimated total $25,000 to $37,500

Equipment fees

Equipment fees total $86,275 for Batteries Plus. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Equipment, fixtures and signs $38,500 to $41,500
Signage $7,000 to $14,500
Miscellaneous supplies $4,000 to $5,550
Retail management system $30,000 to $31,500
Estimated total $79,500 to $93,050

Real estate fees

Real estate will set you back $43,000 for Batteries Plus, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
Real estate Varies to
Leasehold improvements $0 to $64,000
Delivery vehicle $1,000 to $21,000
Estimated total $1,000 to $85,000

Training fees

Batteries Plus initial training costs total $2,415, which comes in under the nationwide average of $9,788.
Training Cost
Training $850 to $3,980
Estimated total $850 to $3,980

Inventory costs

Initial inventory for Batteries Plus shakes out to $57,750. This is more expensive than the nationwide average of $53,119.
Inventory Cost
Inventory $52,000 to $63,500
Estimated total $52,000 to $63,500

Marketing costs

Advertisement and marketing costs total up to $15,000 for Batteries Plus, which is more than the nationwide average of $9,938.
Marketing Cost
New store marketing campaign contribution $10,000 to $20,000
Estimated total $10,000 to $20,000

Administrative fees

Batteries Plus administrative fees total up to $6,225 — which comes in under the overall nationwide average of $6,761.
Admin Cost
Prepaid expenses and deposits $1,400 to $11,050
Omni-channel access fee Will vary under circumstances, currently $10,000 (prorated upon a transfer of a Franchise Agreement).
Costs and attorneys' fees Will vary under circumstances.
Audit Cost of audit plus 1.5% interest per month from due date.
Estimated total $1,400 to $11,050

Other expenses

Miscellaneous expenses for Batteries Plus total $41,425 — less than the nationwide average of $69,970.
Other Cost
Miscellaneous pre-opening expenses $1,800 to $10,000
Three months' additional funds $19,900 to $51,150
Estimated total $21,700 to $61,150
All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2021.

How to finance

Since the estimated total for Batteries Plus is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Batteries Plus franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Batteries Plus about in-house financing for franchisees.
  3. If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $283,340 estimated opening costs.
  4. Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
  5. Once you settle on a lender, gather all required documents, including account statements and assets.
  6. Apply for financing online or in person as required by the lender.

What types of financing is available?

You have several options when it comes to financing a Batteries Plus — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
  • Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
  • Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of Batteries Plus opening costs.
  • SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Also check if Batteries Plus franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.

Compare small business lenders

You may not need financing to cover the estimated $191,450. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
Name Product Filter Values Min. Amount Max. Amount Requirements
Fora Financial business loans
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.
Lendio business loans
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
OnDeck short-term loans
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
National Funding business loans
Be in business at least one year and make at least $150,000 in annual sales. Other loan types have additional requirements.
Working capital loans and equipment financing, some high-risk industries may be eligible.
Fundbox lines of credit
6 + months in business, $100,000+ in annual revenue, 600+ credit score
Get flat rate, short-term financing based on the financial health of your business, not your credit score.

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How Batteries Plus stacks up

Compare how Batteries Plus holds up against two similarly sized franchises.
Culveru2019s Batteries Plus Qdoba Mexican Grill
Average Franchise fees $37,500 $31,250 $30,000
Average Equipment fees $663,000 $86,275 $306,000
Average Real estate fees $2,954,500 $43,000 $355,000
Average Training fees $50,000 $2,415 NA
Average Inventory fees $42,500 $57,750 $7,500
Average Marketing fees NA $15,000 $15,000
Average Licenses and permits fees NA NA $1,750
Average Insurance fees NA NA $7,500
Average Admin fees NA $6,225 NA
Average Personnel fees NA NA NA
Average Other fees $105,000 $41,425 $97,500

Bottom line

Batteries Plus franchise costs run a total of $283,340. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.

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