In the dynamic realm of interior design, where every space tells a story, BoConcept emerges as a trailblazer of innovation and elegance. With roots tracing back to its founding in Denmark in 1952, BoConcept has blossomed into a global phenomenon, boasting over 340 stores across 66 countries.
In an exclusive interview with The Franchise Talk, we embark on a journey into the heart of BoConcept, uncovering the secrets behind its inception, its enduring commitment to quality, and its bold vision for the future. From humble beginnings to a formidable global presence, join us as we unravel the remarkable story of BoConcept—one space at a time.
How did you enter in the franchise business?
Founded in Denmark in 1952, BoConcept, the globally renowned furniture brand is a leader of the industry, with more than 340 stores in 66 countries. Our journey into franchising began in 1993 in Belle Epine, Paris, marking the inception of a powerful global network.
Where and how did the idea of your concept come from?
BoConcept was born in Herning in 1952 and has grown from a small firm to the most global furniture brand in the world. We remain headquartered at the same location we acquired in 1952, which reflects the brand’s ethos: design excellence rooted in heritage with a keen eye to the future.
What inspired the brand name?
With the philosophy of “Live Ekstraordinær”, we are committed to providing flexible interior design services and industry-leading customization and co-ordination of furniture for both private and commercial customers, with no compromises on the design vision or aesthetics.
Our commitment to delivering contemporary Danish design with a tailored offering, unique at its price, has been the cornerstone of our success.
What makes your brand different from your competitors?
What truly distinguishes BoConcept as a unique global franchise organisation are the following key
attributes:
- Global presence: Our widespread presence provides franchisees with the advantage of a strong brand reputation and customer base supported by international campaigns. This global recognition not only facilitates market entry but also ensures a consistent brand experience for customers worldwide.
- Strong brand identity: BoConcept boasts a distinctive and well-established brand identity. Our modern, Scandi-inspired furniture design appeals to a broad audience seeking both style and functionality in their interior design choices.
- Quality products: Renowned for high-quality, customisable furniture and accessories, BoConcept ensures consistent excellence across our product line. This commitment to quality enhances customer trust and satisfaction, contributing to the enduring success of our franchisees.
- Training and support: The comprehensive training programs and ongoing support we provide to franchisees encompasses assistance with site selection, store set-up, marketing strategies, and product knowledge. This holistic approach is vital for the success of each franchise unit.
- Strong network: Being part of the BoConcept franchise network offers more than just a business affiliation. Our community of experienced franchisees facilitates knowledge sharing and support among peers. The annual conference in Herning, where 330 participants globally join us for workshops, strategy sessions, and inspiration sessions, exemplifies the strength of our network.
- Sustainability: In an era where sustainability is paramount, BoConcept stands out for its commitment to environmentally friendly practices and materials. This dedication helps consumers make ethical choices while aligning with the global push for eco-conscious living.
What are the essential qualities that you look for in a franchisee?
When recruiting franchisees, we seek experienced business owners with robust local market knowledge and a growth mindset.
How long does it take, in an average, for your franchisee to realize their investment?
2-3 years
Where do you see your brand in the next 5 years?
For over 30 years, BoConcept has globally transformed spaces into extraordinary places and over the last five, we have consistently outperformed the global premium furniture market, as a testament to our brand’s resilience and consumer appeal. We believe we can continue this trajectory, as the foundations for our continued expansion and success are already in place. Leveraging our innovative store concept will empower us to thrive in smaller, prime locations, aligning us seamlessly with changing consumer behaviours. As the market shifts towards a consumer preference for quality, durability and longevity, BoConcept stands at the forefront offering products meticulously crafted to be built-to-last. Looking ahead, our vision is ambitious and we are poised to continue our global growth. Within five years, BoConcept aspires to be the number one affordable premium brand worldwide.
To read more about BoConcept, visit their website at www.boconcept.com
SOURCE: FranchiseTalk
