Norwalk - The Furniture Idea
Yes, we actively support the inclusion and development of minority-owned franchises in the Norwalk - The Furniture Idea system.
Norwalk - The Furniture Idea
100 Furniture Pkwy.
Norwalk, OH 44857-9587
800#: (888) 667-9255
Tel: (419) 744-3200
Fax: (419) 744-3212
E-mail: mturbeville@nfcorp.com
Web Site: www.norwalkfurnitureidea.com
Contact: Mr. Mike Turbeville, Franchise Retail Development
Custom order living room specialty stores, offering consumers 1,000 fabrics and leathers available in 500 styles, with delivery in just 35 days. Low inventory investment.
Franchisor Background
Established: 1902
First Franchise: 1987
Franchise Units: 53
Company-Owned Units: 13
Total Units: 66
Distribution:
> North America -- Operations in 30 States, 3 Provinces
> States/Provinces with Greatest Density: 13 in FL, 5 in CA, 4 in TX
Units Owned by Minorities:
>African-American:
>Hispanic:
>Asian-American:
>Native American:
>Other:
Average Number of Employees: 10 FT, 1 PT (FT = Full Time, PT = Part Time)
Space Needs: 4,500 SF; FS, SC
(for abbreviations click here)
Financial Requirements
Cash Investment: $100K
Total Investment: $350-400K
Average Total Investment: $375K
Minimum Net Worth: $350K
Fees
>Franchise: $35K
>Average Franchise Fee: $35K
>Royalty: 0%
>Advertising: 0%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 20/5
Passive Ownership: Not Allowed
Area Development Agreements:Yes/1
Sub-Franchising Contracts: No
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: Yes
Cooperative Advertising: Yes
Franchisee Assoc. / Member: Yes/Yes
Size Of Corporate Staff: 11
On-Going Support: B,C,d,E,G,h,I (for an explanation click here)
Training: 3 Weeks, Cleveland; 1 Week Atlanta, GA; 2 Weeks Another Store.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: All United States
Note: NR = No Response by Franchisor.
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