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General

Industry

-

Category

Home and Building Services

SBA Identifier

S1584

Year of Founding

2007

Fees

Marketing Fee

1%

Royalty Fee

3%

Franchise Fee

$30,000-$50,000

Investment Range

$660K-$2.43M

Location units

Total U.S. Locations

122

U.S. Franchised Units

69

U.S. Corporate Units

53

Headquarters (City)

MN

Other

Item 19 - Franchise Financials

-

Financing Availability

yes

Started Offering Franchises

2007

Issuance of FDD Data

04/29/2021

What to know about Slumberland franchise?

Slumberland® Businesses market furniture and accessories, such as upholstered and leather furniture, including recliners, motion sofas, sofas and love seats, home office furniture, occasional furniture, casual dining, dressers, chests, metal beds, mattresses and box springs, carpeting, floor coverings, area rugs, draperies, window treatments, interior design services and installation, and measurement services.

Slumberland is based in Oakdale, MN. Scroll down to learn more!

How Much Does a Slumberland Franchise Cost?

Are you wondering how much is a Slumberland franchise? Before starting a Slumberland franchise, it is important to know the Slumberland franchise fee ($40,000) working capital and other costs required to start the business.

The minimum investment amount required to open a Slumberland franchise is $659,500 and can go all the way up to $2,429,000. Keep in mind, you should also allocate additional funds to live off of while the Slumberland 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 Slumberland franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Slumberland business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Slumberland 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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Industry Report Request

Download our guide to compare Slumberland. Hotels to the Cleaning and Maintenance, Outdoor Maintenance industry.

Franchise Data

Year Start of year Units Opened Units Closed Total End of Year
2016 77 0 1 74
2017 74 0 0 73
2018 73 0 1 71
2019 71 0 2 69
2020 69 0 0 69

Additional Details

How much does a Slumberland franchise owner make?

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

Slumberland discloses financials at the unit level. In other words, they show how much Slumberland franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the Slumberland franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Slumberland. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Slumberland owners were making.

Visit the Slumberland metrics tab, to explore the financials for this business.

What is the Slumberland Franchise Fee?

Owning a Slumberland franchise requires a 3% royalty fee and a 1% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship.

Keep in mind, there is also an initial Slumberland franchise fee of $40,000 that is included in the initial investment amount of $659,500 to $2,429,000. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Slumberland franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Slumberland franchise fee of $40,000.

Visit the Slumberland metrics tab to explore how the franchise, royalty and marketing fees compare to other Home and Building Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Slumberland founded?

Slumberland was founded 15 years ago in 2007. Slumberland started offering franchises in 2007. 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 Slumberland locations are in the U.S.?

As of Issuance of 2021, there were 69 Slumberland locations owned and operated by franchisees across the U.S. There are also 53 corporate locations owned and operated by Slumberland. Most Home and Building Services franchises like Slumberland have more franchised locations than corporate locations.

How many Slumberland franchises opened over the past few years?

Over the prior 3 years we have data for, Slumberland has opened 0 outlets throughout the U.S.

Visit the Slumberland metrics tab to explore how the openings compare to other Home and Building Services franchises.

How many Slumberland franchises closed over the past few years?

Over the prior 3 years we have data for, Slumberland has closed 3 outlets throughout the U.S.

Visit the Slumberland metrics tab to explore how the closures compare to other Home and Building Servicesfranchises.

Is Slumberland growing? Are they opening more locations than they are closing?

The net unit growth rate for Slumberland over the past 3 years is -5%. Over the last year we have data for, Slumberland had a net unit growth rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Slumberland growth rate compares to 2,000+ other franchises and Home and Building Services franchises like Slumberland. More info in the Slumberland metrics tab.

Is Slumberland franchise eligible for an SBA Loan?

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

Slumberland franchise was assigned the SBA Franchise ID of S1584 on 10/1/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Slumberland that are reviewed and found eligible under SBA's affiliation rules and other eligibility criteria.

Is Slumberland a franchise in the United States?

According to the SBA, Slumberland 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 Slumberland provides you with an FDD if you are in discussion to buy a Slumberland.

What is the Slumberland Franchise for Sale Rate?

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

The franchise for sale rate for Slumberland over the past 3 years is 3%. Over the last year we have data for, Slumberland had a franchise for sale rate of 1%.

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

What is the Slumberland Franchise Failure Rate?

Slumberland 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!

Slumberland failure rate over the past 3 years is 4%. Over the last year we have data for, Slumberland had a franchise failure rate of 0%

Without a comparison, this number doesn’t mean much. Compare how the Slumberland failure rate compares to 2,000+ other franchises and Home and Building Services franchises like Slumberland. More info in the Slumberland metrics tab.

How can I find out more details on Slumberland franchise?

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

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General

Industry

-

Category

Home and Building Services

SBA Identifier

S1584

Year of Founding

2007

Fees

Marketing Fee

1%

Royalty Fee

3%

Franchise Fee

$30,000-$50,000

Investment Range

$660K-$2.43M

Location units

Total U.S. Locations

122

U.S. Franchised Units

69

U.S. Corporate Units

53

Headquarters (City)

MN

Other

Item 19 - Franchise Financials

-

Financing Availability

yes

Started Offering Franchises

2007

Issuance of FDD Data

04/29/2021

Franchise Fee Midpoint

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

 

1 year

3 years

Slumberland

-3%

-3%

Industry median

All franchises median

Unlock premium content

Franchise Disclosure Document

Download Latest FDD (2021)

Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

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

 

1 year

3 years

Slumberland

3%

NA

Industry median

All franchises median

Unlock premium content

Franchise for Sale Rate

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

 

1 year

3 years

Slumberland

[0%]

NA

Industry median

All franchises median

Unlock premium content

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Investment Midpoint

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

Slumberland

$1,544,250

Industry median

All franchises median

Unlock premium content

Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Slumberland

3%

Industry median

All franchises median

Unlock premium content

Franchise Fee Midpoint

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

 

1 year

3 years

Slumberland

-3%

-3%

Industry median

All franchises median

Unlock premium content

Item 19 – Financial Performance Representations

Historical financial performance representations

Unlock premium content

Franchise Financials

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

Unlock premium content

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Business details

Company name

-

Business email

gayle.voigt-frolek@slumberland.com

Mailing address

3505 High Point Dr. N Building #2

State headquarters

Minnesota

Key leadership

Slumberland

Phone

+1 (000) 000-00-00

City

Oakdale

Zip code

55128

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