Your home is so much more than just the four walls surrounding you. Home is the furniture you choose, the color palette you select, and the accessories you surround yourself with. And the US furniture and furnishings sector has enjoyed colossal profits over the years — between 2017-2022, the industry grew by 1.7%, generating almost $76bn.
As disposal income increases across the US, so does home-product spend, as flush and affluent citizens choose to beautify their living spaces with furniture, soft furnishings, appliances, cookware, and gardening kits. So the grounds are fertile for furniture store franchises, offering the expertise and beloved product lines of existing suppliers.
Furniture store franchises sell flat-pack and custom-built furniture for every room in the house, from bedrooms to living rooms,kitchens to dining rooms, and everything in between. But some furniture store franchises choose to diversify their product range, including:
- Decorative accessories — candles, framed prints, objet d’art, figurines, etc.
- Soft furnishing — drapes, curtains, rugs, cushions, throws, etc.
- Kitchen accessories — appliances such as refrigerators, ovens, microwaves, etc.
- Cookware — chef’s knives, crockery, pots and pans, cups and plates, etc.
- Gardening equipment — mowers, scarifiers, strimmers, garden furniture, etc.
Some furniture store franchises also specialize in repair services and custom furniture design. Other furniture store franchises offer rental services, offering a low-cost way to furnish your home or office.
Many franchises specialize in furniture and equipment rental for businesses, offering items on a rent-to-own basis, making the acquisition of large pieces such as sofas and dining tables more affordable for those on a lower income.
So, if you're hoping for a way of drawing customers into your furniture store from the moment you open your outlet, it's time to consider investing in one of Franchise Direct's excellent furniture store franchises. Our franchises offer a range of benefits you might not have thought about!
Read on!
Franchising
Going into business presents a litany of risks, and this is what puts most people off from pursuing their dream of working for themselves. However, franchises offer many ways that mitigate the risks associated with startups, including:
- A ready-made, operational business model
- An existing customer base
- An active supply chain (essential for furniture stores)
- An infrastructure of support from the parent company.
- Curb appeal afforded by instantly recognizable branding
In addition, most furniture store franchises offer a program of excellent training opportunities that allow you to skill up. You'll benefit from the learned experience of your chosen parent company which will continue to support you every step of the way.
Think about it: a franchise opportunity puts a well-known and beloved brand in other people's hands — it's in the parent company's interest to train you to an expert level. That way, you can help grow and maintain their hard-earned reputation for excellent products, knowledge, and services while expanding your own business.
Most parent companies also offer a raft of HR support functions, helping ensure your new business venture complies with complicated business, financial, and employment regulations. This aspect of business ownership keeps many owners awake at night, so HR support is one of the most valuable facets of entering into a furniture store franchise agreement.
So, when you invest in a Franchise Direct furniture store franchise, you become part of a family that:
- Supports your new business, offering guidance and expertise to ensure you’re at the top of the game
- Offers instantly recognizable branding that your future customers already trust, know, and love
- Includes a range of tried-and-tested products and services, proven resonant with a clearly defined customer base
Facts About Furniture Store Franchises
Furniture stores are often presented in physical brick-and-mortar locations, allowing customers to come and try before they buy. When people spend big money on a piece of furniture, such as a couch, they want to know how it feels to sit in it, which is where physical premises are a real boon for furniture retailers.
However, furniture stores are costly, and as time goes on, more and more of us are choosing to purchase items from online stores - opening up the market for online furniture franchises and bespoke furniture makers. So, technology is undoubtedly playing a role in developing the furniture store marketplace.
Indeed, many furniture store franchises with physical premises offer click-n-collect options and digital payments from Apple Pay and Google Pay - linking the online store with the physical location.
Statista lists a whole range of impressive furniture store facts and figures, including:
- Sales from US furniture and home furnishing stores — $113bn
- US sales of home furnishing items— $50.79bn
- Percentage of home furniture and furnishing of the overall US retail sector — 17.28%
So, if you're looking for a new way of earning your living and are passionate about gorgeous interior design and furnishings, consider investing in one of Franchise Direct's fantastic furniture store franchise opportunities. And become your own boss today!
Franchising Vs. Independent
As with all new businesses, you'll need to make an initial investment to benefit from the instant curb appeal you get with a furniture store franchise.
Initial investments start at around $75,000. For this, you get the opportunity to benefit from the hard-earned reputation and product line of an established business that has overcome all the risks of starting from scratch.
On the other hand, independent companies that start up without the ongoing support of an experienced partner often struggle to penetrate the saturated marketplace — effectively invisible against their established competitors.
This lack of visibility makes it challenging to get off the ground, and almost half of all indies go into receivership within the first five years of trading. This is often because indies struggle to recoup their initial investment while franchises generally enjoy a more rapid start as they benefit from the parent company’s reputation.
So, look no further if you're seeking a new way to escape the rat race by taking control of your professional life. Consider the many benefits of investing in an operational furniture store franchise, including:
- A product line that your future customers already know and can rely on
- That all essential HR support
- Excellent training opportunities that help you make the most of your new business.
Furniture Store Franchises
Check out Franchise Direct's fantastic choice of furniture store franchises, and help America's homes look their best!
Find your brand new start with Franchise Direct.