- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$360K - $425K
- Units as of 2022
-
32 5% over 3 years
Company Overview
About Verlo Mattress
| Industry | Retail |
|---|---|
| Related Categories | Miscellaneous Retail Businesses, Furniture & Appliances |
| Founded | 1958 |
| Leadership | Bobby Cleveland, Director of Franchise Development |
| Corporate Address |
301 N. Broadway St., #300 Milwaukee, WI 53202 |
| Social | Facebook, Twitter, LinkedIn, Instagram |
Business Overview
| Franchising Since | 1989 (36 years) |
|---|---|
| # of employees at HQ | 8 |
| Where seeking |
This company is offering new franchises throughout the US. |
| # of Units | 32 (as of 2022) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Verlo Mattress 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
|
$50,000 |
|---|---|
|
Initial Investment
|
$360,438 - $424,655 |
|
Net Worth Requirement
|
$500,000 |
|
Cash Requirement
|
$150,000 |
|
Veteran Incentives
|
15% off franchise fee |
|
Royalty Fee
|
5% |
|
Ad Royalty Fee
|
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 | Verlo Mattress 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 | 12 hours |
|---|---|
| Classroom Training | 40 hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
|
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?
|
Yes |
| # of employees required to run | 7 |
|
Are exclusive territories available?
|
Yes |
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