American Freight presents a franchise model
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Furniture, mattress and home appliance retailer launches franchise after more than 25 years of proven success in the industry
May 21, 2021 // Franchising.com // American Freight, a leading furniture, mattress and appliance retailer, announced its new franchise model at the end of 2020 after more than 25 years of proven success in the retail furniture industry. The announcement comes on the heels of the acquisition of the retail concept by Franchise Group, Inc. in 2020.
American Freight has opened more than 25 new company-owned stores and increased sales year on year despite the challenges of the COVID-19 pandemic in 2020. According to Will Powell, president and CEO of American Freight, the organization has developed the processes and skills to replicate. this success because it launched the franchise model late last year.
âAmerican Freight is a proven business model with excellent unit-level profitability and very reasonable start-up costs,â said Powell. âWe are well established with more than 350 American Freight stores across the country and we are uniquely positioned to grow exponentially in existing and untapped territories, particularly through franchising.
American Freight Furniture and Mattress was established in Lima, Ohio in 1994. The company expanded its current national footprint by adding and renaming nearly 130 former Sears stores and over 30 former FFO Home locations in early 2020 The rebranding expanded American Freight’s product line. assortment to include furniture, mattresses and appliances.
âWe entered the franchise world with our proof of concept in the bank,â said Jim Steger, director of franchise development at American Freight. âOur franchise model is built on a franchise-friendly system and has been proven to thrive in both good and bad economies. It is easy to create, quick to open, and highly scalable. “
Becoming a franchisee with American Freight takes approximately six to eight weeks and a minimum net worth of $ 750,000 with a minimum liquidity of $ 150,000. For more information or to start the franchising process, visit www.OwnAmericanFreight.com.
About American Freight
Since 1994, American Freight Furniture and Mattress has helped customers save money on quality furniture and mattresses. In 2020, American Freight partnered with Sears Outlet, a leading national home appliance discount retailer, and FFO Home, a regional furniture and mattress retailer, to create a new US freight company. The Enhanced American Freight builds on the strong heritage of the founding organizations to provide consumers a one-stop-shop for quality furniture, mattresses and home appliances at low prices everyday in more than 350 locations, and now in 40 states and in Puerto Rico.
With over 5 million satisfied customers, American Freight continues to grow in accordance with its founding principles: to sell the highest quality merchandise at the lowest cost every day while providing exceptional customer service. American Freight continues to honor its commitment to bring it home today with same-day delivery available for all in-stock items, with payment plan options for each customer, including a free layaway, no credit required and other credit options with low and easy payments. For more information, visit www.AmericanFreight.com.
About Franchise Group, Inc.
Franchise Group, Inc. (NASDAQ: FRG) (âFranchise Groupâ or the âCompanyâ) is the owner and operator of franchise and franchisable businesses that continually seeks to grow its brand portfolio while utilizing its operating philosophy and capital allocation to generate solid cash flow for its shareholders. Franchise Group‘s business segments include Pet Supplies Plus, American Freight, The Vitamin Shoppe, Buddy’s Home Furnishings and Liberty Tax Service. On a combined basis, Franchise Group currently operates over 4,600 locations primarily located in the United States and Canada which are either managed by the Company or operated under franchise agreements.
SOURCE American Freight
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