Start-Up Costs and Fees |
||
| Snooze | ColorTyme | |
| Investment | 230000 - 600000 | 229575 - 357500 |
| Franchise Fee | 0 | |
| Royalty Fee | 4% | |
| Advertising Fee | $250/ mo | |
| Year Founded | 1974 | 1979 |
| Year Franchised | 1976 | 1982 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Snooze | ColorTyme | |
| Experience | ? Business Experience: ? Industry experience ? General business experience ? Marketing skills | |
Financing Options |
||
| Snooze | ColorTyme | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Snooze | ColorTyme | |
| Training | Snooze has accumulated invaluable knowledge during its 30+ years in the bedding retail industry. This experience is passed on to franchisees via a series of training courses. | 4 Weeks |
| Support | Franchisees can rely on a network of Regional Managers dedicated to assisting them and their support staff. Snooze provides a range of IT and help desk support, as well as operational support. Benchmarking & KPI measurement and comparison. Snooze maintains financial, product and retail benchmarking, providing each store with individual financial and business models. Snooze provides assistance in negotiations with centre management or landlords, as well as drafting plans and approvals. Snooze offers in-house expertise in store layout, design, fixtures and fittings, as well as hands on visual merchandising support. | o Central Purchasing: Included in Fees o Field Operation Evaluation: Included in Fees o Field Training: Included in Fees o Initial Store Opening: Included in Fees o Inventory Control: Included in Fees o Franchisee Newsletter: Included in Fees o Regional or National Meetings: Included in Fees |
| Marketing | Snooze has a strong history of effective marketing campaigns which have created strong brand image and consumer awareness. | *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services: customized ads *Other Marketing Support |
| Operations | ? 49% of all franchisees own more than one unit ? Number of employees needed to run franchised unit: 5 ? Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) ? Average Number of Employees: 5 Full-time, 0 Part-time | |
Expansion Plans |
||
| Snooze | ColorTyme | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion | Australia |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Snooze | |
| ColorTyme | |
| Franchise Fee | |
| Snooze | |
| ColorTyme | |
| Royalty Fee | |
| Snooze | |
| ColorTyme | 4% |
| Advertising Fee | |
| Snooze | |
| ColorTyme | $250/ mo |
| Year Founded | |
| Snooze | 1974 |
| ColorTyme | 1979 |
| Year Franchised | |
| Snooze | 1976 |
| ColorTyme | 1982 |
| Term Of Agreement | |
| Snooze | |
| ColorTyme | 5-10 years |
| Renewal Fee | |
| Snooze | |
| ColorTyme | |
Business Experience Requirements |
|
| Experience | |
| Snooze | |
| ColorTyme | ? Business Experience: ? Industry experience ? General business experience ? Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Snooze | |
| ColorTyme | |
| Start-up Costs | |
| Snooze | |
| ColorTyme | |
| Equipment | |
| Snooze} | |
| ColorTyme | |
| Inventory | |
| Snooze | |
| ColorTyme | |
| Receivables | |
| Snooze | |
| ColorTyme | |
| Payroll | |
| Snooze | |
| ColorTyme | |
Training & Support |
|
| Training | |
| Snooze | Snooze has accumulated invaluable knowledge during its 30+ years in the bedding retail industry. This experience is passed on to franchisees via a series of training courses. |
| ColorTyme | 4 Weeks |
| Support | |
| Snooze | Franchisees can rely on a network of Regional Managers dedicated to assisting them and their support staff. Snooze provides a range of IT and help desk support, as well as operational support. Benchmarking & KPI measurement and comparison. Snooze maintains financial, product and retail benchmarking, providing each store with individual financial and business models. Snooze provides assistance in negotiations with centre management or landlords, as well as drafting plans and approvals. Snooze offers in-house expertise in store layout, design, fixtures and fittings, as well as hands on visual merchandising support. |
| ColorTyme | o Central Purchasing: Included in Fees o Field Operation Evaluation: Included in Fees o Field Training: Included in Fees o Initial Store Opening: Included in Fees o Inventory Control: Included in Fees o Franchisee Newsletter: Included in Fees o Regional or National Meetings: Included in Fees |
| Marketing | |
| Snooze | Snooze has a strong history of effective marketing campaigns which have created strong brand image and consumer awareness. |
| ColorTyme | *National Advertising *Regional Advertising *Local Advertising *Marketing Materials *Additional Services: customized ads *Other Marketing Support |
| Operations | |
| Snooze | |
| ColorTyme | ? 49% of all franchisees own more than one unit ? Number of employees needed to run franchised unit: 5 ? Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) ? Average Number of Employees: 5 Full-time, 0 Part-time |
Expansion Plans |
|
| US Expansion | |
| Snooze | |
| ColorTyme | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Snooze | |
| ColorTyme | |
| International Expansion | |
| Snooze | Australia |
| ColorTyme | |