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Below is an in-depth analysis and side-by-side comparison of Batteries Plus Bulbs vs Mobile HQ Wireless including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $201,450 - $385,230 | N/A |
Franchise Fee | $37,500 | N/A |
Royalty Fee | 5% | - |
Advertising Fee | 1% | - |
Year Founded | 1988 | - |
Year Franchised | 1992 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | 20% of franchise fee | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | Yes/Yes | -/- |
Equipment | Yes/Yes | -/- |
Inventory | Yes/Yes | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | Periodic store visits & regional meetings On-The-Job Training: 84 Classroom Training: 168 Additional Training: Ongoing | - |
Support | National Account Sales Program With Standardized Pricing, On-line Order Capabilities, E-commerce, Real Estate & Store Design Support, On-going Field Support, Product Call Center, Intranet Site plus: Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | We personally coach our franchisees through every step of the process from start to finish including : o Retail site selection o Lease negotiation o Architectural renderings o Store build-out package and installation o Inventory selection and pricing o Point of sales system training o Advertising and Marketing o Overall Business Management o Sales Training o Employee Management o Specific wireless carrier, service provider and product training for everything that is offered at each store. We accomplish this by having a comprehensive national training, weekly conference calls, interactive in-store training and a dedicated full time training department that is on call to coach our franchisees on an ongoing basis. |
Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing | - |
Operations |
62% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4
Absentee ownership of franchise is allowed. | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
As the "Mobile Headquarters," we offer a wide variety of new and innovative products and accessories that promote mobility and convenience as the wireless and telecommunications industry continues to develop and expand. More specifically, Mobile HQ provides a business model that will enable sustained, long-term growth by offering an assortment of Cellular Phone Services, Satellite TV & Radio, Internet products, VoIP, Bluetooth products and a large assortment of accessories that are not widely available within the U.S. market.