American Freight
Furniture, mattresses, appliances- 2022 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$522K - $949K
- Units as of 2022
-
367 113.4% over 3 years
Company Overview
About American Freight
- Industry
- Retail
- Related Categories
- Furniture & Appliances, Miscellaneous Retail Businesses
- Founded
- 1994
- Parent Company
- American Freight
- Leadership
- Jon Phillips, VP of Development
More from American Freight
Don’t sleep on this opportunity!
THE AMERICAN FREIGHT STORY
American Freight Furniture and Mattress was established in Lima, Ohio in 1994 to help customers save money on quality furniture and mattresses. By 2020, the brand grew it’s nationwide footprint to more than 350 stores including the addition and rebrand of nearly 130 Sears Outlet and over 30 FFO Home locations. Through the rebrand, American Freight expanded its product assortment to encompass furniture, mattresses and appliances — because everyone needs a place to sit, sleep and eat!
Today, American Freight remains rooted in its foundational mission to sell the best for less every day while delivering excellent customer service. The company prides itself in the valuable savings it provides its customers through flexible payment options, “take home today” offerings and 100% approved free layaway. The business model continues to present itself as a recession-resistant investment that will withstand economic headwinds.
WHY FRANCHISE WITH AMERICAN FREIGHT?
The American Freight business model continues to present itself as a recession-resistant investment that will withstand economic headwinds—because everyone needs to sit, sleep and eat! With our proof of concept in the bank, our franchise opportunity is truly a ground floor opportunity. Our top stores generate $5,590,180 in gross sales and $1,006,555 in net income per store.*
*This information reflects the Average Gross Sales and Average Net Income for American Freight company-owned retail businesses which were open for more than a year as of fiscal year end 2021 and had annual gross sales of at least $4,500,00.00. Of these 20 retail businesses, 9 attained or surpassed the Average Gross Sales and 9 attained or surpassed the Average Net Income described above. We refer you to Item 19 of our 2022 Franchise Disclosure Document for additional information. A NEW FRANCHISEE'S RESULTS MAY DIFFER FROM THE REPRESENTED PERFORMANCE. This is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. Offerings made by prospectus only and in compliance with the applicable pre-sale registration and disclosure requirements in your state. ©2022 American Freight®. All rights reserved.
Franchising Overview
- Franchising Since
- 2020 (2 years)
- # of employees at HQ
- 93
- Where seeking
-
This company is seeking new franchisees throughout the US.
- # of Units
- 367 (as of 2022)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a American Freight franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $49,900
- Initial Investment
- $521,900 - $948,900
- Net Worth Requirement
- $750,000
- Cash Requirement
- $150,000
- Royalty Fee
- 5%
- Ad Royalty Fee
- $7.1K/mo.
- Term of Agreement
- 10 years
- Is franchise term renewable?
- Yes
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- American Freight has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, inventory
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 30 hours
- Classroom Training
- 40 hours
- Ongoing Support
-
NewsletterMeetings & ConventionsGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Ad TemplatesRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- Yes
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- # of employees required to run
- 10
- Are exclusive territories available?
- Yes
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