What do you look for in a potential partner?
We are seeking candidates who embrace our Purpose and Values, someone who has the business acumen and drive to operate within our system. A candidate with a demonstrated ability to build and lead high-performing teams. We are looking for candidates who can deliver growth.
What are the financial requirements?
A candidate must have $200k in liquid assets and have a $500k net worth per location. However, if you are in a position where you would have to cash out the majority of your personal savings to meet the minimum requirements, you may not be a good fit for an Interstate Batteries Distributorship opportunity.
What is the investment range?
The investment range varies depending upon the specific distributorship opportunity. All of the opportunities available are with existing distributorships or a combination of existing distributorships. Each qualified candidate will have access to the P & L of the specific distributorship that is available.
What is the profitability of the business?
Each distributorship is unique. You will have access to the financials of the distributorship during the due diligence process. However, there are many variables that make it impossible to predict future results with any certainty, including: sales, operating costs, financing terms, your ability to manage and control the business and other factors. For these reasons, we do not predict future sales, costs, or profits for any, nor can we predict whether or to what extent you may succeed.
Does Interstate Batteries provide financing?
How long is the entire process of becoming a Distributor Partner?
Becoming a Distributor Partner is a multi-step process that includes Candidate Pre-Qualification, Application, Due Diligence, Business Plan Review, Home Office Interview Day, Approval, Contract Signing and On-boarding. On average, the candidate approval process takes approximately 60-120 days.
Purchasing an Interstate Batteries wholesale distribution operation is a multi-step process. Candidate approval takes 60 to 120 days on average, and the usual length of time between signing the agreement and taking ownership can be 4 months.
Here’s an outline of the process:
1. Complete request for consideration
2. Speak to a qualification specialist
3. Complete application
4. Application review
5. CDA review & discussion
6. Business plan and due diligence completed
7. Business plan review
8. Invitation to visit home office
9. Approval committee reviews
10. Candidate offered a distributorship
11. Candidate engages with the IBSA training team