Three Batteries Plus (One Great Price) Alexandria

Alexandria, VA
Alexandria City County


Asking Price: Annual Revenue:
$149,900 $2,010,672

Retail: Electronics, Technology, Computers, Cell Phones


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RE: Three Batteries Plus (One Great Price) Alexandria Broker: Buyer Services

Quick Facts

Asking Price: $149,900
Annual Revenue: $2,010,672
Net Profit: $110,556
Cash Flow: $110,556
Total Debt: Not Disclosed
FF&E: $120,000
Real Estate: Not Disclosed
Year Established: 2009
Employees: Not Disclosed
BBN Listing #: 161359778
Broker Reference #: VA-BP-3 Pack

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Business Overview:

Own three profitable businesses in the Northern Virginia area for one great price. The stores are located in Alexandria, Chantilly and Manassas and represent almost $2M in 2021 annual revenues. The owners are in their mid-sixties and ready to retire. This is a tremendous opportunity for a new owner(s) that can bring fresh energy to the business.
Batteries Plus participates in several key markets including batteries, lighting, smart phone repairs and automotive key fob replacements. The company caters to both Retail and Commercial customers. Opportunities for growth include continued development of commercial business, growth in smart phone repair and expansion of automotive key fob services.
There will also be an opportunity to negotiate more favorable rent terms as leases become due over the next several years. Downward pressure on Retail rents due to Covid-19 will provide leverage when leases are due for renewal. This will help reduce operating costs and improve cash flow.
With the right focus and small increases in sales, these stores can provide significant net income and cash flow. The new owners will also be comforted knowing they are in a business that has existing sales and is considered essential and not subject to Covid-19 closures.

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Property Features and Assets:

The three stores are Manassas (447), Chantilly (448) and Alexandria (449). They operate the majority of stores located in the Washington DC-Virginia Metro area and have the closest store to Washington DC.

Market Competition and Expansion:

Commercial sales grew 22% in 2021. The addition of a commercial sales manager helped fuel this growth. Commercial was 25% of sales in 2021, up from 23% in 2020. Batteries Plus maintains an objective of commercial comprising 40% of total sales. So there is significant room for growth. The Washington DC Metro area has a significant number of both private and public businesses. Commercial lead lists for this territory is in the thousands. So there is significant opportunity. Sales tools are critical for the continued growth in commercial. The commercial sales manager started utilizing Sales Force in 2021. It has been integrated into the Batteries Plus corporate systems which, greatly increases the utility of the tool. For these stores, the tool is predominately being used for task management tracking all customer activities and generating follow-up tasks. Sales Force can also be used for opportunity management and forecasting, which should be a next phase for the commercial sales manager.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is a franchise resale opportunity.

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