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Entrepreneur: Start & Grow Your Business

Norwalk - The Furniture Idea

Custom furniture & accessories

Background

Founded: 1902 Franchising since: 1987
100 Furniture Pkwy.
Norwalk, Ohio 44857
Phone:
(888)667-9255/(419)744-3200


Franchisor has 750 employee(s); 15 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2006 59 6 0 3
2005 52 8 0 13

Where Seeking Franchisees
In the U.S. Oregon, United states

Exclusive territories available.
Territory size: Limited MSA's

Costs and Fees

Total investment: $495K
Franchise fee: $35K
Term of agreement: 5 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No No
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $500K
Cash liquidity requirement: $150K
Business Experience:
  • Industry experience
  • General business experience

Operations
  • 10% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 14
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 5 days
  • At franchisee's location: 10 days
  • Administrative & service-management training

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Field operations/evaluations

Marketing Support
  • Ad slicks
  • Regional advertising

Rankings

Franchise 500® rank:
#305 (2007); #348 (2006); #479 (2005);

Ranked #1 in category in:
2007; 2006;