Forty Winks
ABN :
38059512640
Forty Winks is the ultimate destination for all things sleep-related. With over 38 years of experience in the business, this Australian-owned and operated franchise has established itself as the go-to for bedding, mattresses, manchester, bedroom furniture, sofa beds, and other related products and accessories.
Each Forty Winks store is independently owned and operated, allowing franchisees to tap into the proven success of the brand while maintaining the autonomy to run their business as they see fit. With 103 locations across Australia, Forty Winks has a solid presence in every state and territory and is now seeking new franchisees to join their expanding network in ACT, NSW, NT, QLD, SA, TAS, VIC, and WA.
At Forty Winks, franchisees can expect to receive comprehensive training and ongoing support from the franchisor to ensure the success of their business. With a strong focus on customer service, marketing support, and product knowledge, franchisees are equipped with the tools and expertise to provide their customers with the best possible shopping experience.
The cost of setting up a Forty Winks franchise varies depending on the location and size of the store, but the franchisor provides flexible financing options to help franchisees manage the upfront costs. In addition, ongoing fees are percentage-based, meaning that franchisees only pay a portion of their sales to the franchisor on an ongoing basis.
Joining the Forty Winks franchise network is an attractive opportunity for anyone interested in operating their own business in the booming bedding and furniture industry. With a reputation for quality products and exceptional customer service, Forty Winks is a brand that customers trust and love. Plus, with the backing of a reputable franchisor, franchisees can enjoy the benefits of owning their own business without having to start from scratch.
Overall, the Forty Winks franchise opportunity is not one to miss. With a proven business model, extensive training and support, and a strong presence across Australia, joining the Forty Winks family is the first step to becoming a successful business owner in the bedding industry. Enquire today to learn more about this exciting opportunity!
Industry Division
RETAIL TRADE
Industry Sub-Division
Other Store-Based Retailing
Address of the franchisor’s registered office
BGL Partners 1B Riddell Parade Elsternwick VIC 3184
Address of the Principal business office
88 Peters Avenue Mulgrave VIC 3170
Where the franchise currently operates
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Where the franchise is planning to expand
ACT, NSW, NT, QLD, SA, TAS, VIC, WA
Last month of franchisor’s financial year
Not Provided
Year in which the last financial year ends
Not Provided
Years In Operation(Years)
39
Supplier Restriction
Yes
Franchisor Can Change Agreement
No
What is the standard term of franchise agreements
5 or more years
Are franchisees entitled to compensation for goodwill in the business
At the end of the Term the Franchisee will not be entitled to any compensation for goodwill from the Franchisor. However the Franchisee may seek to sell during the Term and the purchase price may include a goodwill component.
Are franchisees subject to a restraint of trade (or similar) clause
Yes
Franchising Agreement URL
Not provided
Option For Renewal
Yes - Subject to new agreement AND conditions
Public Email
Public Phone Number
0395745100
Website URL
https://www.fortywinks.com.au/
Youtube Link
Not Provided
Key Facts Sheet Url
Not provided
Minimum Investment
Not Provided
Maximum Investment
Not Provided
Minimum Ongoing Payments
Not Provided
Maximum Ongoing Payments
Not Provided
Minimum Other Payments
Not Provided
Maximum Other Payments
Not Provided
Total Owner Franchisors
106
Total Co-orporate Franchises
Not provided
Disclosure Url :
Not provided
What are 3 reasons someone should invest in a Forty Winks franchise?
1. Forty Winks has over 38 years of experience in the bedding and furniture industry, making it a trusted and reliable brand for customers. As a franchisee, you'll have access to this proven success and reputation, giving you a head start in your own business venture.
2. With 103 locations across Australia and a strong presence in every state and territory, Forty Winks offers franchisees the opportunity to tap into a large and loyal customer base. This, combined with comprehensive training and ongoing support from the franchisor, means that franchisees are well-equipped to provide their customers with the best possible shopping experience.
3. Franchisees also benefit from flexible financing options from the franchisor to help manage upfront costs, as well as percentage-based ongoing fees that are tied to their sales. This means that franchisees only pay a portion of their sales to the franchisor, giving them the potential to earn more and grow their business over time. So, if you're looking for a fun and exciting business opportunity in the bedding and furniture industry, join the Forty Winks family and start your journey to success today!
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