Start-Up Costs and Fees |
||
| Aaron's Sales & Lease Ownership | Slumberland | |
| Investment | 283270 - 852975 | 545500 - 1994000 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 3% |
| Advertising Fee | 1% | |
| Year Founded | 1955 | 1967 |
| Year Franchised | 1992 | 1977 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Aaron's Sales & Lease Ownership | Slumberland | |
| Experience | General business experience | General business experience Industry experience, marketing skills preferred, but not necessary; strong understanding of retail business and commitment to customer service |
Financing Options |
||
| Aaron's Sales & Lease Ownership | Slumberland | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Aaron's Sales & Lease Ownership | Slumberland | |
| Training | Ongoing both on site & at corporate office On-The-Job Training: 200+ hours Classroom Training: 26 hours | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Slumberland Furniture's marketing philosophy combines convenient, high profile locations with name brand merchandise, high impact advertising, and a value-added approach to the customer. Advertising is a key component of our marketing strategy. Slumberland is a dominant advertiser and we strive to be #1 in top-of-mind-awareness for home furnishings. Another important element of our marketing philosophy is the value-added approach. We were one the first retailers to offer an extended comfort guarantee on mattresses, one part of our Mattress Plus program which includes: *60 night 100% comfort guarantee *Mattress removal option with delivery of a new set *Guaranteed low price: we won't be undersold! We are always seeking new ways to provide value to the customer to make Slumberland the store of choice in every market. Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | International franchisees required to buy multiple units/master licenses; 90% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. (30% of current franchisees are owner/operators) | Absentee Ownership Allowed Number of Employees Required to Run: 10 |
Expansion Plans |
||
| Aaron's Sales & Lease Ownership | Slumberland | |
| US Expansion | ||
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Aaron's Sales & Lease Ownership | |
| Slumberland | |
| Franchise Fee | |
| Aaron's Sales & Lease Ownership | |
| Slumberland | |
| Royalty Fee | |
| Aaron's Sales & Lease Ownership | 6% |
| Slumberland | 3% |
| Advertising Fee | |
| Aaron's Sales & Lease Ownership | |
| Slumberland | 1% |
| Year Founded | |
| Aaron's Sales & Lease Ownership | 1955 |
| Slumberland | 1967 |
| Year Franchised | |
| Aaron's Sales & Lease Ownership | 1992 |
| Slumberland | 1977 |
| Term Of Agreement | |
| Aaron's Sales & Lease Ownership | 10 years |
| Slumberland | 10 years |
| Renewal Fee | |
| Aaron's Sales & Lease Ownership | $2.5K |
| Slumberland | |
Business Experience Requirements |
|
| Experience | |
| Aaron's Sales & Lease Ownership | General business experience |
| Slumberland | General business experience Industry experience, marketing skills preferred, but not necessary; strong understanding of retail business and commitment to customer service |
Financing Options |
|
| Franchise Fees | |
| Aaron's Sales & Lease Ownership | No |
| Slumberland | No |
| Start-up Costs | |
| Aaron's Sales & Lease Ownership | |
| Slumberland | |
| Equipment | |
| Aaron's Sales & Lease Ownership} | |
| Slumberland | |
| Inventory | |
| Aaron's Sales & Lease Ownership | |
| Slumberland | |
| Receivables | |
| Aaron's Sales & Lease Ownership | |
| Slumberland | |
| Payroll | |
| Aaron's Sales & Lease Ownership | |
| Slumberland | |
Training & Support |
|
| Training | |
| Aaron's Sales & Lease Ownership | |
| Slumberland | Ongoing both on site & at corporate office On-The-Job Training: 200+ hours Classroom Training: 26 hours |
| Support | |
| Aaron's Sales & Lease Ownership | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Slumberland | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform |
| Marketing | |
| Aaron's Sales & Lease Ownership | Co-op advertising, Ad slicks, National media, Regional advertising |
| Slumberland | Slumberland Furniture's marketing philosophy combines convenient, high profile locations with name brand merchandise, high impact advertising, and a value-added approach to the customer. Advertising is a key component of our marketing strategy. Slumberland is a dominant advertiser and we strive to be #1 in top-of-mind-awareness for home furnishings. Another important element of our marketing philosophy is the value-added approach. We were one the first retailers to offer an extended comfort guarantee on mattresses, one part of our Mattress Plus program which includes: *60 night 100% comfort guarantee *Mattress removal option with delivery of a new set *Guaranteed low price: we won't be undersold! We are always seeking new ways to provide value to the customer to make Slumberland the store of choice in every market. Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Aaron's Sales & Lease Ownership | International franchisees required to buy multiple units/master licenses; 90% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. (30% of current franchisees are owner/operators) |
| Slumberland | Absentee Ownership Allowed Number of Employees Required to Run: 10 |
Expansion Plans |
|
| US Expansion | |
| Aaron's Sales & Lease Ownership | |
| Slumberland | |
| Canada Expansion | |
| Aaron's Sales & Lease Ownership | 0 |
| Slumberland | |
| International Expansion | |
| Aaron's Sales & Lease Ownership | |
| Slumberland | |