3/10

Franchimp Summary Rating

3 /10
Investment Accessibility
Higher than 79% of peers

Franchise Summary

Description
The franchise offered is for the business of selling retail furniture and related products, under the name of BoConcept and which is owned by BOCONCEPT FRANCHISE, INC.
Company Background
BoConcept is a retail furniture company with products for both home and office. BoConcept offers an extensive selection of living room, bedroom, dining room, kids?room, outdoor furniture and more. The company was founded in 1979 by Torsten Andrae who still provides the driving force behind the company together with CEO Eva Gourgaud. Today there are over 200 stores in 40 countries worldwide and we aim to be present on every continent by 2020. We offer a franchise opportunity which includes our knowledge and experience as well as our customer base - all you need to do is provide the space!
Franchise Opportunity
It can be difficult to furnish your home with stylish, high-quality furniture without spending a fortune. Shopping for furniture can be a real hassle. You have to go from store to store, and then you have to deal with the hassle of getting everything delivered and set up. BoConcept is the perfect solution. We offer stylish, high-quality furniture at affordable prices. Plus, our franchisees offer expert design advice and top-notch customer service.
Corporate Structure
BoConcept Franchise, Inc.’s current principal business address in the United States is 142A LeFante Way, Bayonne New Jersey 07002. The principal business address of their parent company in Denmark (BoConcept Holding A/S) and all Danish affiliates is: Morupvej 16, DK-7400 Herning.
Investment and Franchisee Fees
The initial entrance or franchise fee is $30,000.00 for a franchise. The amount of the franchise fee may vary dependent upon the location of a franchise and the number of franchises purchased. The total investment necessary to begin operation of a BoConcept Franchise, Inc., franchised business is between $375,612.00 to $789,212.00, dependent upon the size and location of each store. This includes $30,000.00 franchise fee and between $95,000.00 and $160,000.00 for initial inventory including accessories and furniture product displays, and between $15,000.00 and $30,000.00 for store Buildout/shopfitter, and an initial fee of $2,023.00 for AXAPTA (inventory, sales, delivery software) and User license of $7,689.00, that must be paid to the franchisor or its affiliates as the initial fees.

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of BoConcept Franchisees

BoConcept Franchise System Development in 2015

FAQ

How much investment do I need to start my own BoConcept business?
Franchisees typically require at least $375,612 to $789,212 investment to get their BoConcept business started
What are the initial franchise fees for BoConcept?
Franchisees typically need to pay at least $30,000 in fees directly to BoConcept in order to earn the right to launch their business
How much money can I make with a BoConcept franchise? What are the average revenues for a typical BoConcept business?
We haven’t done the math on how much revenue a typical BoConcept brings in each year. We estimate that other franchisees in the Professional Services industry generate $932,459 revenue, so we would expect BoConcept to generate a similar amount
How long do I need to commit to running a BoConcept unit? What is my contractual commitment?
BoConcept franchisees are typically required to sign up to a 5 year contract initially. The renewal length is 5 years. You can of course exit early but don’t expect to get any refund!

Accessibility

3 /10
The Franchisor's investment costs ranges from $156,330 to $233,450 which is Much Higher than the $0 to $0 average in the Decorating & Home Design industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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