#462
At a Glance
Products & Services: Home furnishings
Number of Locations: 125
Total Investment: $499.5K - 2.08M
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 |
| 2012 | 85 | 0 | 0 | 40 |
| 2011 | 85 | 0 | 0 | 38 |
| 2010 | 84 | 0 | 0 | 37 |
| 2009 | 77 | 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.
Iowa, Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri, Montana, Midwest, Nebraska, North Dakota, South Dakota, Wisconsin, Wyoming.
Startup Costs, Ongoing Fees and Financing
Total Investment: $499,500 - $2,084,000
Franchise Fee: $30,000 - $50,000
Ongoing Royalty Fee: 3%
Term of Franchise Agreement: 15 years, renewable
Franchise Fee: $30,000 - $50,000
Ongoing Royalty Fee: 3%
Term of Franchise Agreement: 15 years, renewable
Financial Requirements
Net Worth: $300,000
Liquid Cash Available: $100,000
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).| Financing Type | In-House | Third Party |
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| Startup Costs | ||
| Equipment | ||
| Inventory | ||
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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
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