Franchisees’ gross profit across the Battery World network has grown while the company has recorded almost 20 per cent like for like growth on its previous year’s trading.
General manager James Nixon-Smith said the chain’s revenue is expected to exceed $60 million this year, almost double the annual sales recorded since he joined the company in 2004. Figures for the first quarter of 2009 are already showing an increase.
He said the group’s consecutive double digit growth annually was testament to Battery World’s strong franchise model.
Nixon-Smith told Franchising , “we’ve been pretty happy. This has given us confidence in our new business model. It’s the culmination of three or four years work.” More.