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Slumberland Franchising Inc.

Home furnishings

Background

Founded: 1968 Franchising since: 1974
3060 Centerville Rd.
Little Canada, Minnesota 55117
Phone:
(651)482-7500


Franchisor has 119 employee(s); 9 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 77 0 0 37
2008 76 0 0 37
2007 67 0 0 35
2006 60 0 0 33
2005 62 0 0 30

Where Seeking Franchisees
Not available in the U.S.

Exclusive territories available.

Costs and Fees

Total investment: $442.5K-1.7M
Franchise fee: $30K-50K
Ongoing royalty fee: 3%
Term of agreement: 10 years, renewable


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

Qualifications
Net worth requirement: $300K+
Cash liquidity requirement: $100K+
Business Experience:
  • General business experience
  • Industry experience, marketing skills preferred, but not necessary; strong understanding of retail business and commitment to customer service

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)

Training and Support

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

Rankings

Franchise 500® rank:
#278 (2009); #363 (2008);

Ranked #1 in category in:
2008;


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