General

Industry

Retail Products and Services

Category

Specialized

SBA Identifier

S5200

Year of Founding

2016

Fees

Marketing Fee

NA

Royalty Fee

7.5%

Franchise Fee

$50,000-$50,000

Investment Range

$85K-$119K

Location units

Total U.S. Locations

U.S. Franchised Units

U.S. Corporate Units

Headquarters (City)

Waukesha

Other

Item 19 - Franchise Financials

No

Financing Availability

-

Started Offering Franchises

2016

Issuance of FDD Data

01/06/2020

What to know about Office Furniture Warehouse franchise?

Office Furniture Warehouse is the budget office furniture solution. We sell new, closeout, and quality pre-owned office furniture at significantly discounted prices. Office Furniture Warehouse is a full service provider offering delivery, installation, and decommission services. We exceed customer expectations.

Office Furniture Warehouse is based in Waukesha, WI. Scroll down to learn more!

How much does a Office Furniture Warehouse franchise cost?

Are you wondering how much is a Office Furniture Warehouse franchise? Before starting a Office Furniture Warehouse franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Office Furniture Warehouse franchise is $84,600 and can go all the way up to $118,800. Keep in mind, you should also allocate additional funds to live off of while the Office Furniture Warehouse business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Office Furniture Warehouse franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Office Furniture Warehouse business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Office Furniture Warehouse franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2017 1 1 1 1
2018 1 0 0 1

Additional Details

How much does a Office Furniture Warehouse franchise owner make?

Office Furniture Warehouse franchise earnings and revenue can vary significantly from one franchisee to another.
The Office Furniture Warehouse franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Office Furniture Warehouse unfortunately does not disclose financials on how much Office Furniture Warehouse franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Office Furniture Warehouse does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Office Furniture Warehouse franchisees. Do note that Office Furniture Warehouse is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Office Furniture Warehouse franchisees to understand how much money they are making from their Office Furniture Warehouse business.

You should also speak to former Office Furniture Warehouse franchisees to understand why they left the system. Did they sell their Office Furniture Warehouse at a profit? Were they forced to close their Office Furniture Warehouse franchise down because it kept losing money?

What is the Office Furniture Warehouse franchise fee?

Owning a Office Furniture Warehouse franchise requires 7.5% royalty fee and a variable marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Office Furniture Warehouse Franchise Disclosure Document

Keep in mind, there is also an initial Office Furniture Warehouse franchise fee of $50,000 that is included in the initial investment amount of $84,600 to $118,800. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Office Furniture Warehouse franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Office Furniture Warehouse franchise fee of $50,000.

Visit the Office Furniture Warehouse metrics tab to explore the financials for this business, royalty and marketing fees compare to other Retail Products and Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Office Furniture Warehouse founded?

Office Furniture Warehouse started offering franchises in 2016. Office Furniture Warehouse was founded 6 years ago in 2016.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Office Furniture Warehouse locations are in the U.S.?

As of 2020, there were locations across the U.S. There are also corporate locations. Most Retail Products and Services franchises like Office Furniture Warehouse have more franchised locations than corporate locations.

How many Office Furniture Warehouse franchises opened over the past few years?

Over the prior 3 years we have data for, Office Furniture Warehouse has opened 1 outlets throughout the U.S. Visit the Office Furniture Warehouse metrics tab to explore how the openings compare to other Retail Products and Services franchises.

How many Office Furniture Warehouse franchises closed over the past few years?

Over the prior 3 years we have data for, Office Furniture Warehouse has closed 1 outlets throughout the U.S

Visit the Office Furniture Warehouse metrics tab to explore how the openings compare to other Retail Products and Services franchises.

Is Office Furniture Warehouse growing? Are they opening more locations than they are closing?

The net unit growth rate for Office Furniture Warehouse over the past 3 years is -100%. Over the last year we have data for, Office Furniture Warehouse had a net unit growth rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Office Furniture Warehouse growth rate compares to 2,000+ other franchises and Industry franchises like Office Furniture Warehouse. More info in the Office Furniture Warehouse metrics tab.

Is Office Furniture Warehouse franchise eligible for an SBA Loan?

Office Furniture Warehouse is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Office Furniture Warehouse franchise was assigned the SBA Franchise ID of S5200 on 04/17/2020. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Office Furniture Warehouse that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Office Furniture Warehouse a franchise in the United States?

According to the SBA, Office Furniture Warehouse meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Office Furniture Warehouse provides you with an FDD if you are in discussion to buy a Office Furniture Warehouse.

What is the Office Furniture Warehouse Franchise for Sale Rate?

The Office Furniture Warehouse systemwide health and franchisee satisfaction can be measured by the Office Furniture Warehousefranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Office Furniture Warehouse franchise for sale rate over the past 3 years is 0%. Over the last year we have data for, Office Furniture Warehouse had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Office Furniture Warehouse franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Office Furniture Warehouse. More info in the Office Furniture Warehouse metrics tab.

What is the Office Furniture Warehouse Franchise Failure Rate?

Office Furniture Warehouse franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Office Furniture Warehouse failure rate over the past 3 years is 0%. Over the last year we have data for, Office Furniture Warehouse had a franchise failure rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Office Furniture Warehouse franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Office Furniture Warehouse. More info in the Office Furniture Warehouse metrics tab.

How can I find out more details on Office Furniture Warehouse franchise?

Visit the Office Furniture Warehouse metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Office Furniture Warehouse

$101,700

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Office Furniture Warehouse

7.5%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Office Furniture Warehouse

$50,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Retail Products and Services

Category

Specialized

SBA Identifier

S5200

Year of Founding

2016

Fees

Marketing Fee

NA

Royalty Fee

7.5%

Franchise Fee

$50,000-$50,000

Investment Range

$85K-$119K

Location units

Total U.S. Locations

U.S. Franchised Units

U.S. Corporate Units

Headquarters (City)

Waukesha

Other

Item 19 - Franchise Financials

No

Financing Availability

-

Started Offering Franchises

2016

Issuance of FDD Data

01/06/2020

Detailed Franchise metrics for Office Furniture Warehouse

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Office Furniture Warehouse below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Office Furniture Warehouse

0%

-100%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Office Furniture Warehouse

NA

0%

Industry median

All franchises median

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Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Office Furniture Warehouse

NA

0%

Industry median

All franchises median

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Business details

Company Name

http://www.ofwgo.com/

Business email

**********@******.com

Mailing address

416 Bluemound Road

State headquarters

Wisconsin

Owner Name

Office Furniture Warehouse

Phone

+1 (000) 0********00

City

Waukesha

Zip code

53188
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