Slumberland

Slumberland

Home furnishings
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2022 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$820K - $3.2M
Units as of 2022
123

Company Overview

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.

About Slumberland

Industry
Retail
Founded
1967
Parent Company
Slumberland Inc.
Leadership
Kenny Larson, CEO

Franchising Overview

Franchising Since
1974 (48 years)
# of employees at HQ
85
Where seeking

This company is seeking new franchisees in the following US states: Iowa, Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri, Montana, North Dakota, Nebraska, South Dakota, Wisconsin, Wyoming

# of Units
123 (as of 2022)

Franchisor Information

Social
Facebook, Twitter
Corporate Address
3505 High Point Dr. N., Bldg. 2
Oakdale, MN 55128-3422

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Slumberland 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
$35,000 - $55,000
Initial Investment
$819,500 - $3,215,000
Net Worth Requirement
$300,000 - $2,000,000
Cash Requirement
$100,000 - $500,000
Veteran Incentives
10% off franchise fee
Royalty Fee
3%
Ad Royalty Fee
1%
Term of Agreement
15 years
Is franchise term renewable?
Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing
Slumberland offers in-house financing to cover the following: equipment, inventory, accounts receivable

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
200 hours
Classroom Training
26 hours
Additional Training
Ongoing both on-site & at corporate office
Ongoing Support
Purchasing Co-ops
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
10
Are exclusive territories available?
Yes
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Franchise 500 Ranking History

Compare where Slumberland landed on this year’s Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021