Start-Up Costs and Fees |
||
| Norwalk Furniture & Design | Aaron's Sales & Lease Ownership | |
| Investment | 495000 - 495000 | 283270 - 852975 |
| Franchise Fee | ||
| Royalty Fee | 0 | 6% |
| Advertising Fee | ||
| Year Founded | 1902 | 1955 |
| Year Franchised | 1987 | 1992 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Norwalk Furniture & Design | Aaron's Sales & Lease Ownership | |
| Experience | Industry experience General business experience | General business experience |
Financing Options |
||
| Norwalk Furniture & Design | Aaron's Sales & Lease Ownership | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Norwalk Furniture & Design | Aaron's Sales & Lease Ownership | |
| Training | Administrative & service management | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Ad slicks, Regional advertising | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 14 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | 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) |
Expansion Plans |
||
| Norwalk Furniture & Design | Aaron's Sales & Lease Ownership | |
| US Expansion | ||
| Canada Expansion | 0 | 0 |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Norwalk Furniture & Design | |
| Aaron's Sales & Lease Ownership | |
| Franchise Fee | |
| Norwalk Furniture & Design | |
| Aaron's Sales & Lease Ownership | |
| Royalty Fee | |
| Norwalk Furniture & Design | 0 |
| Aaron's Sales & Lease Ownership | 6% |
| Advertising Fee | |
| Norwalk Furniture & Design | |
| Aaron's Sales & Lease Ownership | |
| Year Founded | |
| Norwalk Furniture & Design | 1902 |
| Aaron's Sales & Lease Ownership | 1955 |
| Year Franchised | |
| Norwalk Furniture & Design | 1987 |
| Aaron's Sales & Lease Ownership | 1992 |
| Term Of Agreement | |
| Norwalk Furniture & Design | 5 years |
| Aaron's Sales & Lease Ownership | 10 years |
| Renewal Fee | |
| Norwalk Furniture & Design | |
| Aaron's Sales & Lease Ownership | $2.5K |
Business Experience Requirements |
|
| Experience | |
| Norwalk Furniture & Design | Industry experience General business experience |
| Aaron's Sales & Lease Ownership | General business experience |
Financing Options |
|
| Franchise Fees | |
| Norwalk Furniture & Design | No |
| Aaron's Sales & Lease Ownership | No |
| Start-up Costs | |
| Norwalk Furniture & Design | |
| Aaron's Sales & Lease Ownership | |
| Equipment | |
| Norwalk Furniture & Design} | |
| Aaron's Sales & Lease Ownership | |
| Inventory | |
| Norwalk Furniture & Design | |
| Aaron's Sales & Lease Ownership | |
| Receivables | |
| Norwalk Furniture & Design | |
| Aaron's Sales & Lease Ownership | |
| Payroll | |
| Norwalk Furniture & Design | |
| Aaron's Sales & Lease Ownership | |
Training & Support |
|
| Training | |
| Norwalk Furniture & Design | Administrative & service management |
| Aaron's Sales & Lease Ownership | |
| Support | |
| Norwalk Furniture & Design | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Aaron's Sales & Lease Ownership | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Norwalk Furniture & Design | Ad slicks, Regional advertising |
| Aaron's Sales & Lease Ownership | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Norwalk Furniture & Design | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 14 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| 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) |
Expansion Plans |
|
| US Expansion | |
| Norwalk Furniture & Design | |
| Aaron's Sales & Lease Ownership | |
| Canada Expansion | |
| Norwalk Furniture & Design | 0 |
| Aaron's Sales & Lease Ownership | 0 |
| International Expansion | |
| Norwalk Furniture & Design | |
| Aaron's Sales & Lease Ownership | |