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Batteries Plus franchise financing options
Compare costs, fees and where to get financing for a Batteries Plus.
Estimated initial costs
Our cost estimates are accurate as of 2022 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 feesBatteries Plus franchise fees total around $31,250, which beats out the $37,000 average for the 200 largest franchises nationwide.
|Initial franchise fee||$25,000 to $37,500|
|Estimated total||$25,000 to $37,500|
Equipment feesEquipment fees total $86,275 for Batteries Plus. This is less than the $180,023 average for the top 200 franchises.
|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 feesReal 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||Varies to|
|Leasehold improvements||$0 to $64,000|
|Delivery vehicle||$1,000 to $21,000|
|Estimated total||$1,000 to $85,000|
Training feesBatteries Plus initial training costs total $2,415, which comes in under the nationwide average of $9,788.
|Training||$850 to $3,980|
|Estimated total||$850 to $3,980|
Inventory costsInitial inventory for Batteries Plus shakes out to $57,750. This is more expensive than the nationwide average of $53,119.
|Inventory||$52,000 to $63,500|
|Estimated total||$52,000 to $63,500|
Marketing costsAdvertisement and marketing costs total up to $15,000 for Batteries Plus, which is more than the nationwide average of $9,938.
|New store marketing campaign contribution||$10,000 to $20,000|
|Estimated total||$10,000 to $20,000|
Administrative feesBatteries Plus administrative fees total up to $6,225 — which comes in under the overall nationwide average of $6,761.
|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 expensesMiscellaneous expenses for Batteries Plus total $41,425 — less than the nationwide average of $69,970.
|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|
How to financeSince the estimated total for Batteries Plus is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Batteries Plus franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Batteries Plus about in-house financing for franchisees.
- 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.
- Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
- Once you settle on a lender, gather all required documents, including account statements and assets.
- 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.
Compare small business lendersYou 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.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How Batteries Plus stacks upCompare 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 lineBatteries 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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