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Badcock Home Furniture & More
W.S. BADCOCK Corp. offers dealership opportunities to qualified individuals. Dealerships are similar to franchises in that they are individually owned and operated, but require less capital (no franchise fee or monthly royalty fees) and allow for a quicker start-up than a traditional franchise. BADCOCK provides all stores with total inventory at no cost to the dealer and all account financing through the parent company.
Franchisor Background
Year Established: 1904Franchising Since: 1928
Operating Units: Franchised Units: 278 83.5% Company-Owned Units: 55 16.5% ______ _____ Total Operating Units: 333 100% Geographic Distribution: U.S.: 333 100% In 7 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries ______ _____ Total: 333 100% North America: States/Provinces with the largest number of operating units: Density Units 1. Florida 145 2. Georgia 87 3. South Carolina 35
Registered in Following Registration States: Florida Financial Requirements
Investment: Minimum Net Worth: $300K Cash Investment: $75-150K Total Investment: $100-300K Average Total Investment: $200K Fees: Initial Franchise Fee: $0 Average Franchise Fee: $0K On-Going Royalty: 0% Average Royalty: 0% Advertising Fee: .3%
Average Number of Employees: 4 Full-time, 2 Part-timeSpace Needs (in square footage): 18,000-20,000Preferred Sites: Free-standing Building, Storefront, Strip CenterOther Sites: Encourage Conversions? YesEarnings Claims Provided? YesListed in the SBA Registry? NoSupport and Training
International Franchise Association: No Canadian Franchise Association: No Franchisee Association/Member: No Size of Corporate Staff: 1100 Site Selection Assistance? Yes Lease Negotiation Assistance? No Financial Assistance? Yes, Direct Marketing Support: Co-Op Advertising: No National Advertising: No Regional Advertising: No Local Advertising: No Marketing Materials: None Specified Additional Services: None Specified Other Marketing Support: None Specified On-Going Support: Central Data Processing: Included in Fees Central Purchasing: Included in Fees Field Operation Evaluation: Included in Fees Field Training: Included in Fees Initial Store Opening: Included in Fees Inventory Control: Included in Fees Franchisee Newsletter: Included in Fees Regional or National Meetings: Included in Fees 800 Telephone Hotline: Included in Fees Training: 1. Corporate Office and Training Store 60-90 Days
Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important): Financial Net Worth: 4 General Business Experience: 4 Specific Industry Experience: 3 Formal Education: 2 Psychological Profile: 2 Personal Interview(s): 4
Minority Representation
Units Owned by Minorities: African-American: N/A Asian-American: N/A Hispanic: N/A Native American: N/A Other: N/A Specific Minority: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Terms of Contract
Term of Initial Contract: 10/5/5 Year(s) Term of Renewal Period: Year(s) Passive Ownership: Allowed, But Discouraged Area Development Agreements? Yes, for 1 Year(s) Sub-Franchising Contracts? No Franchisees Allowed to Expand Within Territory? Yes
Expansion Plans
Projected New Units Over Next 12 months: 8-12
U.S.: Yes, GA, MS, SC, NC, TN, AL, VA, WV, KY Canada: No Overseas: No
