EQ3 vs Furniture Warehouse Outlet Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of EQ3 vs Furniture Warehouse Outlet including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
EQ3 Franchise
Furniture Warehouse Outlet Franchise
Investment $475,000$369,500 - $654,500
Franchise Fee N/A$75,000
Royalty Fee -6%
Advertising Fee -3%
Year Founded 2001-
Year Franchised 2001-
Term Of Agreement -10 years
Term Of Agreement -10 years
Renewal Fee -20% of current franchise fee


Business Experience Requirements
 
EQ3 Franchise
Furniture Warehouse Outlet Franchise
Experience --

Financing Options
 
EQ3 Franchise
Furniture Warehouse Outlet Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
EQ3 Franchise
Furniture Warehouse Outlet Franchise
Training -We provide you an initial training program that covers material aspects of the operation of the franchised business. This training is offered on an as needed basis at our headquarters in Taylorsville, Utah, or another location we designate. You must designate a manger for the franchised business and he or she must satisfactorily complete the initial training approximately 8 weeks before the opening of the franchised business. One assistant of your choosing may also attend at your option. We expect that your attendees will advance through the training program at different rates depending on a variety of factors, including background and experience.
Support --
Marketing --
Operations -A Furniture Warehouse Outlet franchise will offer furniture, furnishings, both new and quality consigned, and mattresses and other home furnishings.

Expansion Plans
 
EQ3 Franchise
Furniture Warehouse Outlet Franchise
US Expansion -Yes
Canada Expansion --
International Expansion --

Company Overviews

About EQ3

EQ3 designs, produces and sells affordable, modern furniture for every room in your home. As a Winnipeg-based company, EQ3 was established in 2001 under the direction of President and CEO Peter Tielmann. Having grown up in Europe, Peter recognized the lack of modern furniture in North America. Today, EQ3 is a vertically integrated company specializing in modern design for everyday life with simple, clean and functional design. Customize with fabric or leather, finishes and legs for a style all your own. We're proud of our roots and strive to produce as much of our product in Canada as possible. Our factory in Winnipeg manufactures all of our own upholstery pieces. That means when you order a custom made sofa from EQ3, you can count on your new piece arriving home in about 4 to 10 weeks. In addition to our own product range, we also admire and respect brands whose designs have stood the test of time. EQ3 is proud to offer EQ3+, a designer line featuring iconic brands like Herman Miller, Stelton, Vitra, Alessi and more, with many featured products exclusive to Canada.
EQ3 has 11 stores in Canada and the US, with a 12th location opening summer 2012 in Toronto's Liberty Village. Additional stores and galleries are located throughout North America and around the world.

About Furniture Warehouse Outlet

NO LONGER FRANCHISING

Furniture Warehouse has been family owned and worked since 1975 and is outstanding for its astute promoting all through the Salt Lake Valley. A Furniture Warehouse Outlet establishment will offer furniture, decorations, both new and quality transferred, and sleeping pads and other home decorations.

Retail industry has been seeing steady development in the course of the most recent couple of years and is relied upon to develop more in the coming years. Getting the chance of Retail establishment could be the most astute choice that can help you get profited for lifetime. There are different open doors you can get from retail business establishment. In retail segment you can serve for purchaser durables and IT, markets and stores, home and office, sports merchandise and the sky is the limit from there. Getting into a retail business was never so natural; outline your prosperity way with retail establishment openings accessible.

Franchisee's will profit by utilization of our focal stockroom. This implies there is no capacity expenses to the franchisee. We likewise deal with the conveyance, we have a parent organization to handle your client benefit, we give you the business supplies and give you an intuitive site and in addition blessing card frameworks and blessing card bookkeeping took care of by us. Recieve stock reinforcement from different franchisees and organization stores.