Today 20 May
Updated 11 september 2020

Franchise IKEA

Investments

$3,000,000

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Short information

$3,000,000

$3,000,000

Investments

23

23

Wishing to buy

1948

1948

Year Brand Started

315

315

Offices

Franchise IKEA

Investments

$3,000,000

Offices

315

Short information

1948

Year Brand Started

About Franchise

Inter IKEA Systems B.V. is constantly evaluating new countries and is following a long-term strategic expansion plan, which sets our priorities of future growth, where to put focus and when.

Entry to a new country is made after thorough market studies and franchisees are carefully evaluated prior to selection.

Franchise IKEA

When selecting franchisees, Inter IKEA Systems B.V., among other things, evaluates the following:

  • experience
  • local market knowledge and presence (able to demonstrate ability to establish and operate IKEA stores nationally)
  • corporate culture and values
  • financial strength and ability to carry through the investment penetrating a country in full and in a large-scale retail environment format

If you are interested in applying, please present yourself in writing, keeping in mind all of the points above. Thank you for showing interest in the IKEA Concept.

The IKEA franchise is part of the home goods and decorating industry and provides a large selection of house furnishing products at an affordable price. This concept is achieved through a combination of utilizing function, value, quality and design with the goal of durability. Product designers are challenged to be innovative, helping create unique and interesting pieces. IKEA has 315 stores in 27 countries with plans to expand more locations this year.

Franchise IKEAFranchise IKEA

Behind the success of IKEA is the unique ability to provide quality products at an affordable price through its investment in an automated production system that allows for larger volumes of goods to be made at cost-effective prices. Rather than making products in the price range that would appeal to the middle class IKEA aims at costs that would appeal to those on an even tighter budget, drawing in even more customers and earning a reputation for how budget-friendly their merchandise is.

IKEA products are known for being designed with clean lines while maintaining a sense of style. The ability to see how products can be grouped together through the showcasing of entire rooms allows the customer to envision how a room in their home can be transformed in the same manner.

IKEA began in southern Sweden when founder Ingvar Kamprad developed his entrepreneurial skills during childhood and began selling matches via his bicycle. He discovered that he could purchase matches cheaply in bulk then re- sell at an extremely low price while still recovering a decent profit. He expanded his business to include selling other items including pencils, flower seeds and Christmas tree decorations.

At age 17 Kamprad’s father gave him reward money for finishing his studies and he used it to create IKEA. The first products offered by the company included jewelry, picture frames, wallets and other items that were sold at reduced prices. Furniture was introduced to the store in 1948 and the first showroom opened in 1953.

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Finance Information

Investments: $3,000,000

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Training

Yes

Business Type

Franchise

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