Start-Up Costs and Fees |
||
| Room Evolutions | Slumberland | |
| Investment | 190000 - 320000 | 545500 - 1994000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | 3% |
| Advertising Fee | 1% | 1% |
| Year Founded | 1953 | 1967 |
| Year Franchised | 2008 | 1977 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Room Evolutions | Slumberland | |
| Experience | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) experience. | General business experience Industry experience, marketing skills preferred, but not necessary; strong understanding of retail business and commitment to customer service |
Financing Options |
||
| Room Evolutions | Slumberland | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Room Evolutions | Slumberland | |
| Training | Initial one week orientation and ongoing | Ongoing both on site & at corporate office On-The-Job Training: 200+ hours Classroom Training: 26 hours |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform | |
| Marketing | Marketing materials are created and available | 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 | Absentee Ownership Allowed Number of Employees Required to Run: 10 | |
Expansion Plans |
||
| Room Evolutions | Slumberland | |
| US Expansion | Illinois, Indiana, Maryland, Michigan, Minnesota, New York, Ohio, Pennsylvania, Virginia, Wisconsin | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Room Evolutions | |
| Slumberland | |
| Franchise Fee | |
| Room Evolutions | |
| Slumberland | |
| Royalty Fee | |
| Room Evolutions | 4% |
| Slumberland | 3% |
| Advertising Fee | |
| Room Evolutions | 1% |
| Slumberland | 1% |
| Year Founded | |
| Room Evolutions | 1953 |
| Slumberland | 1967 |
| Year Franchised | |
| Room Evolutions | 2008 |
| Slumberland | 1977 |
| Term Of Agreement | |
| Room Evolutions | 5 years +5+5+5 |
| Slumberland | 10 years |
| Renewal Fee | |
| Room Evolutions | $5,000 |
| Slumberland | |
Business Experience Requirements |
|
| Experience | |
| Room Evolutions | Senior or mid- manager business experience, remodeling, or construction (home building or commercial) 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 | |
| Room Evolutions | No |
| Slumberland | No |
| Start-up Costs | |
| Room Evolutions | |
| Slumberland | |
| Equipment | |
| Room Evolutions} | |
| Slumberland | |
| Inventory | |
| Room Evolutions | |
| Slumberland | |
| Receivables | |
| Room Evolutions | |
| Slumberland | |
| Payroll | |
| Room Evolutions | |
| Slumberland | |
Training & Support |
|
| Training | |
| Room Evolutions | Initial one week orientation and ongoing |
| Slumberland | Ongoing both on site & at corporate office On-The-Job Training: 200+ hours Classroom Training: 26 hours |
| Support | |
| Room Evolutions | |
| 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 | |
| Room Evolutions | Marketing materials are created and available |
| 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 | |
| Room Evolutions | |
| Slumberland | Absentee Ownership Allowed Number of Employees Required to Run: 10 |
Expansion Plans |
|
| US Expansion | |
| Room Evolutions | Illinois, Indiana, Maryland, Michigan, Minnesota, New York, Ohio, Pennsylvania, Virginia, Wisconsin |
| Slumberland | |
| Canada Expansion | |
| Room Evolutions | |
| Slumberland | |
| International Expansion | |
| Room Evolutions | |
| Slumberland | |