7/10

Franchimp Summary Rating

7 /10
Earnings Transparency
0 /10
Investment Accessibility
Higher than 100% of peers

Franchise Summary

Description
Slumberland Businesses market furniture and accessories, such as upholstered and leather furniture, including recliners, motion sofas, sofas and love seats, home office furniture, occasional furniture, casual dining, dressers, chests, metal beds, mattresses and box springs, carpeting, floor coverings, area rugs, draperies, window treatments, interior design services and installation, and measurement services
Company Background
Slumberland(R) is a leading furniture retailer that provides customers the opportunity to find the perfect piece of home d?cor for any space. They offer top quality brands, competitive prices and convenience to their customers. Slumberland's company values are based on providing excellent customer service, a wide variety of product selection and quality, as well as consistency in pricing. The company has been family owned for over 50 years and continues to be led by its founders today with two locations in Arizona. Poshmark is an online marketplace where people can buy or sell new or gently used fashion items from other members around the world.
Franchise Opportunity
Buying furniture is a big decision and it can be hard to know what pieces will fit in your home. Slumberland offers the solution with an easy way to try out different styles of furniture at home. We offer free shipping, free returns, and no sales tax when you order online or over the phone. Our customer service team is available 7 days a week from 8 am until midnight EST by calling 1-888-988-6654. You can also chat live with one of our representatives between 9am - 10pm ET on Monday through Friday and 9am - 6pm ET on Saturdays & Sundays! Ordering from Slumberland means that you get all this convenience without sacrificing quality craftsmanship or design for comfort. Plus we have thousands of positive reviews which gives us an average rating of 4+ stars across both sites! This means that we really deliver on our promise to help customers find their perfect piece(s) as
Corporate Structure
Slumberland Franchising, Inc. was incorporated in Minnesota on May 3, 2007. They maintains their offices at 3060 Centerville Road, Little Canada, Minnesota 55117.
Royalties and Marketing Fees

Royalties : The greater of: 3% of monthly Gross Revenues, or the minimum monthly Continuing Fee

Royalties : Then-current fees; currently 1% Gross Revenues

Royalties : 8% of Gross Revenues

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Decorating & Home Design Industry

$2,682,512 / unit

Franchise Type: Standard

Average Revenue During 2020

$2,682,512
$427,974
Industry Low
$2,682,512
Industry High

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of Slumberland Franchisees

Slumberland Franchise System Development in 2022

FAQ

How much investment do I need to start my own Slumberland business?
Franchisees typically require at least $829 to $3 investment to get their Slumberland business started
What are the initial franchise fees for Slumberland?
Franchisees typically need to pay at least $385 in fees directly to Slumberland in order to earn the right to launch their business
How much money can I make with a Slumberland franchise? What are the average revenues for a typical Slumberland business?
We estimate that the average revenue of an individual Slumberland unit is approximately $2,682,512. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a Slumberland unit? What is my contractual commitment?
Slumberland franchisees are typically required to sign up to a 15 year contract initially. The renewal length is 15 years. You can of course exit early but don’t expect to get any refund!

Accessibility

0 /10
The Franchisor's investment costs ranges from $829,500 to $3,215,000 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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