American Freight Recaps 2021 Franchise Success
Furniture, Mattress and Appliances Retailer Reflects On First Franchising Year
February 25, 2022 // Franchising.com // DELAWARE, Ohio - American Freight, a leading furniture, mattress and appliance retailer, ended their first year of franchising with 17 new franchised stores in development and one new open franchise location. In early 2021, after more than 25 years of proven success in the retail home furnishings industry, the company adopted the franchising model.
Last year, American Freight awarded 5 franchise agreements across the country. The 5 agreements were signed to multi-unit operators and represent 17 new stores to be developed in the next two to three years. In July, one company store was converted to a franchise location as part of the new development agreements in Longview, Texas.
“2021 was a big year for the company,” said Will Powell, CEO of American Freight. “We knew we were uniquely positioned to grow, in both existing and new territories, and the success we’ve seen in our first year of franchising is proof.
American Freight Furniture and Mattress operates a “no frills or fluff” model, with warehouse-style stores that are easy to build, quick to open and highly scalable. With people spending more time at home, there is a renewed focus on upgrading their furniture, mattresses and appliances, making their business model as essential as ever.
“We hope to continue building on the tremendous momentum the past year has brought,'' said Powell. “It’s clear that franchisees can see the value in our business and we’re looking forward to bringing this opportunity to even more in 2022.”
American Freight was acquired by Franchise Group, Inc. in 2020. The company operates more than 360 stores across 40 states and Puerto Rico, six of which are franchised locations. For more information or to inquire about franchising, visit OwnAmericanFreight.com.
About American Freight
American Freight, a subsidiary of Franchise Group Inc. (NASDAQ: FRG) has been helping customers save money on quality furniture and mattresses since 1994. In 2020, American Freight combined with Sears Outlet, a leading national discount retailer of home appliances, and FFO Home, a regional retailer of furniture and mattresses, to create a new American Freight Company. The enhanced American Freight leverages the strong legacies of the founding organizations to deliver consumers a one-stop-shop for quality furniture, mattresses and appliances at everyday low prices in over 360 locations, and now in 40 states and Puerto Rico. For more information, visit AmericanFreight.com.
SOURCE American Freight
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