Ep130 Taking $150k+ investment costs off a big box retail franchise, with Bedshed

Bedshed is a long-established bedroom furniture and mattress retailer with over 45 years in business and a growing national franchise network across Australia.   In this episode, Greg Prussia, National Business Development Manager, explains how the brand has achieved a major breakthrough in reducing store build costs saving up to 75% on key joinery components for new stores.   By leveraging their long-term overseas furniture manufacturing partners to produce in-store joinery, Bedshed has managed to lower franchise entry costs without compromising quality, aesthetics, or design standards.   The new strategy was first rolled out in the brand’s Caringbah, New South Wales store, its smallest footprint yet proving that cost efficiency and premium presentation can go hand in hand. With reduced fit-out and lighting costs, the model now makes franchise ownership more accessible while boosting multi-store growth opportunities nationwide.   0:00 Introduction 1:25 Introducing Bedshed’s newest store and a major cost-saving innovation 4:57 Managing longer lead times as part of Bedshed’s cost-saving strategy 5:52 Applying the 75% cost-saving strategy to Bedshed’s smallest store 8:19 Why this Bedshed franchisee waited two years for the right opportunity 10:38 The financial impact of Bedshed’s new cost-saving strategy 12:06 Rolling out the new cost-saving strategy across future Bedshed stores 13:02 Wrap up   Podcast Produced by:  www.franchisebusinesshub.com.au   Listen or Watch on;   Spotify: https://tinyurl.com/ea6e7emf Apple Podcasts: https://tinyurl.com/szp243m7 Amazon  Music: https://tinyurl.com/58h4n9t5 YouTube: https://youtu.be/uvJgW22FzV0