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Slumberland Franchising Inc.

2015 Franchise 500
#491
At a Glance

Products & Services: Home furnishings

Number of Locations: 124

Total Investment: $538.5K - $2M

Founded: 1967

Began Franchising: 1974

About Slumberland Franchising Inc.

The first Slumberland store opened in Minnesota in 1967, selling mattresses and La-Z-Boy products. The company began franchising in 1974, and stores today offer a variety of furniture for bedrooms, living rooms and dining rooms.

Franchise Units

Year U.S. Canadian International Company Owned
2014 83 0 0 41
2013 87 0 0 40
2012 85 0 0 40
2011 85 0 0 38
2010 84 0 0 37
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Iowa, Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri, Montana, Midwest, Nebraska, North Dakota, South Dakota, Wisconsin, Wyoming.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $538,500 - $2,000,400
Franchise Fee: $30,000 - $50,000
Ongoing Royalty Fee: 3%
Term of Franchise Agreement: 15 years, renewable
Financial Requirements
Net Worth: $300,000 - $2,000,000
Liquid Cash Available: $100,000 - $500,000
Operations
40% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 10. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 2-3 days. At franchisee's location: 2 weeks. Ongoing both on-site & at corporate office
Ongoing Support: Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,

Franchise Ranking History

Franchise 500®: #491 (2015), #462 (2013), #280 (2012), #258 (2011), #293 (2010),