- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$115K - $141K
- Units as of 2020
-
1 0.0% over 3 years
BedCo was founded by David San Martin in Florida in 2011. What started at Mattress Direct USA soon became BedCo, short for The Bed Company. BedCo’s primary goal is to improve its customer’s quality of life through sleeping products.
BedCo has been franchising since 2020 and is currently looking for new franchisees both in the United States and internationally to expand its brand.
Why You May Want To Start a BedCo Franchise
With the slogan, "Sleep. Dream. Go." BedCo only wants the best for its franchisees and customers. To own a BedCo franchise, a potential franchisee doesn’t need experience in any particular field. However, it would be beneficial for a potential franchisee to have some knowledge in sales and general business practices. Franchisees may also need good communication skills to interact with customers and team members daily.
Helping customers choose a mattress may be like choosing a car. It can take time; you may need to try each mattress until you find the perfect fit. BedCo allows customers to find their best fit, striving to truly deliver on their slogan of "Sleep. Dream. Do."
What Might Make a BedCo Franchise a Good Choice?
Opening a BedCo franchise could offer a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive industry.
If awarded a franchise, franchisees may receive support from the BedCo brand throughout the franchising process. BedCo offers several dozen hours of on-the-job training and a couple hours of classroom training. BedCo may also offer site selection help and grand opening support. Additionally, BedCo could offer support with marketing, especially your social media presence.
How To Open a BedCo Franchise
To be part of the BedCo team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.
BedCo has partnered with third-party financial lenders that may help cover the costs of the franchise fee, startup, equipment, inventory, accounts receivable, and payroll if you meet their qualifications.
Before making any financial commitment or signing an agreement with BedCo, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the BedCo franchising team questions.
As you decide if opening a BedCo franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a BedCo franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
It may be a good idea to speak with an attorney or financial advisor to ensure that you have the necessary financial resources to own and operate a BedCo franchise.
Company Overview
About Bedco
Industry | Retail |
---|---|
Related Categories | Miscellaneous Retail Businesses |
Founded | 2011 |
Leadership | David San Martin, CEO |
Corporate Address |
102 S.E. Park St. Okeechobee, FL 34972 |
Business Overview
Franchising Since | 2020 (4 years) |
---|---|
# of Units | 1 (as of 2020) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Bedco franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$29,900 |
---|---|
Initial Investment
|
$115,100 - $141,150 |
Net Worth Requirement
|
$29,900 |
Cash Requirement
|
$29,900 |
Royalty Fee
|
5% |
Ad Royalty Fee
|
to 1% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Bedco has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 30 hours |
---|---|
Classroom Training | 2 hours |
Ongoing Support |
Grand Opening
Site Selection
|
Marketing Support |
Social Media
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
Are exclusive territories available?
|
Yes |
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Bedco.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
These Are the Top New and Emerging Franchises of 2024 — And You Can Start One for Less Than $5,000
We evaluated new and emerging brands based on the same rigorous criteria used in the Franchise 500 process, analyzing more than 150 data points.
Discover the Low-Risk, High Reward of Owning this Property Restoration Franchise
PuroClean offers multiple revenue streams with services related to water, fire, smoke, mold and biohazard damage.
McDonald's Announces the Return of the Snack Wrap in 2025 — Here's What to Expect From Its Comeback
The decision comes after years of persistent customer demand for the portable snack, which debuted nearly two decades ago.
Ready to Own a Business? Check Out These 15 Franchises You Can Start For Under $25K
Looking for an inexpensive franchise to open? Explore the best franchises under $25k, according to the 2024 Franchise 500 Ranking.
Why Opening a Second Location Requires a Fresh Strategy (Even If Your First Was a Hit)
Here are some key points to consider before adding another location to your burgeoning multi-unit brand.
Jeff's Bagel Run Offers a Dynamic, Rapidly Expanding Franchise Concept!
Jeff's Bagel Run franchisees provide their customers with a unique and high-quality product offering that includes bagels made from scratch and custom coffee programs.