Save $50 when you sign up for emails Enter your email below and receive a coupon for $50 off your next purchase of $499 or more! Plus, you will receive email exclusive coupons, special offers and more from Banfich Furniture & Mattress! Note: It is possible the coupon offer may arrive in your spam folder. to your safe senders list to make sure all Banfich Furniture and Mattress emails reach you. We will never sell your information. Offer valid for new email addresses only. See store for details. China Cabinets & Buffets Room Dividers and Screens Beautyrest Recharge World Class Why shop at Banfich Furniture & Mattress? Shopping Banfich Furniture and Mattress means you will experience a wide variety of home furniture styles and home design concepts at lower prices than many other stores offer. Featuring top name furniture manufacturers, you’ll find beautiful home designs for virtually every room of your home or office. Our showroom is filled with attractive displays of home furniture styles and accessories to get you in the home design mood!
From bedroom furniture to dining room furniture, upholstery and Natuzzi Leather, and bedding from names like Sealy and Tempur-Pedic, we have it all. We have the largest selection of recliners and La-Z-Boy in Marshall County Indiana, as well as the largest variety of Broyhill and Ashley. Our vast inventory and available resources help ensure your purchase is available when you’re ready to buy. While special orders are available, they are not normally required due to our extensive inventory and available inventory resources.For over a century, The RoomPlace has been providing the Midwest with stylish and affordable home furnishing solutions. When founder Sam Berman first established the store, he was selling furniture door-to-door. Today, The RoomPlace now serves Indiana and Illinois from its 23 locations, but still hasn’t lost its commitment to community and family-owned values. At our Greenwood store, you’ll enjoy perusing our diverse variety of living room sets, dining room sets, bedroom furniture sets, and more.
Whether you’re furnishing a cozy cottage in the country or a sleek, urban loft, The RoomPlace provides living room furniture to complement your space. To help you create a cohesive space that invites a sense of relaxation, peruse our wide selection of living room sets. Enjoy the modern, space-efficient design of our sectional couches or relax into one of our plush recliner sofas. Whether your space is modern or traditional, small or large, our team will be happy to help you find an ideal solution. A beautiful bedroom encourages a relaxing night of sleep. Tell our staff what you’re looking for, and we’ll be happy to help you create the ideal space to unwind. From spacious, contemporary king bedroom sets to durable kids’ bedroom furniture, we offer sizes and styles that are designed to complement every need. Ensure a good night’s sleep with one of our mattresses for sale. Depending on the size of your bedframe and your preferred level of cushioning, we’ll be happy to find you the most comfortable fit.
Make the most of every meal with our dining room sets. From glass-topped modern dinettes to country-style tables, we provide options that align with your style preferences, space needs, and budget. To help you stay organized, we also carry a wide variety of dining room storage solutions—from buffets and servers, to china cabinets, you’re sure to find what you’re looking for. Furnishing your home can be an investment, but this shouldn’t stop you from creating your ideal living space. The RoomPlace offers flexible financing options to give you a stress-free way to take home the furniture you love. To give your investment added security, explore our optional protection plans from Guardian. At our Greenwood store, discover great deals and timeless furniture styles. Located less than 20 minutes from the heart of Indianapolis, The RoomPlace in Greenwood features ample parking and an inviting shopping environment. With our extensive and tasteful inventory, along with our accessible prices, we make sure every customer can Get It All.
Everywhere you look — you can’t escape them. The stores appear to be deserted yet there is a new one opening almost every week. Mattress stores have taken over your city. It’s the nationwide phenomenon that has stumped all of us: Why are there so many mattress stores? The showrooms appear to always be empty — how do they stay open? And why do we need a mattress store on every corner? According to data from IBISWorld, there were less than 8,000 mattress stores in 2011. This year, there are over 9,200 mattress stores open across the U.S. with close to 10,000 stores projected by 2018 (Note: This figure is an estimate and may not include smaller companies that are not part of larger retail companies). Dave Perry, bedding editor for the trade magazine Furniture Today, told WBEZ the customers who once purchased mattresses in department stores now purchase at specialty mattress chains. Mattress Firm, Sleepy’s, and other mattress chains have 50 percent of the market, compared to just 19 percent in 1993, Perry said.
Earlier this year, Mattress Firm completed its acquisition of Sleepy’s and related entities for $780 million. The combined companies now have 3,500 stores in 48 states. A hilarious example: Mattress Firm has five stores less than a mile apart in Schererville, Indiana, according to a report from The Times of Northwest Indiana. It’s also important to note that smaller companies, like American Mattress, may not sound as familiar as Mattress Firm. The company only has stores in three states (Illinois, Indiana, Wisconsin), but they have over 80 locations. Similar mattress companies with less than 100 locations operate in nearly every state. But the real question is — why do we need so many stores? And how can they possibly stay in business? Mattresses offer one of the best profit margins in retail. While some grocery store chains might earn a 5 percent profit margin, mattresses have a markup in the 40 to 50 percent range, according to Consumer Reports. According to one study, a $3,000 mattress might only cost $300 to manufacture — a 900 percent markup.
Mattress stores often have low overhead, often dealing with factory-direct products and paying employees a commission-based salary. This might explain how mattress stores can support those seemingly empty showrooms with only one employee sitting behind a desk. “If you sold three or four beds a day and your average ticket is $1,000, that’s a $4,000-dollar day, times 365. All of a sudden you’ve got more than a million-dollar business there,” Sam Woods, Senior Vice President of Sales for Mattress Firm, told WBEZ. According to a report from PsychologyToday, a mall location may only need to sell 20 mattresses a month to cover its Stores often cluster in groups and intentionally open across the street from a competitor Why does Walgreens always open on the same corner as a CVS? And why is Lowes always across the street from a Home Depot? The approach, often called “agglomeration,” makes the number of mattress stores appear even more numerous. Direct competition is important for branding and sales.
According to a report from PsychologyToday, a mall location may only need to sell 20 mattresses a month to cover its rent. According to Center for Business Research and Development: “Clustering or agglomeration is found common in the retail industry, particularly in areas where high foot traffic is encountered. The attraction of firms towards enclaves of commercial spaces or in the malls or wet markets as well as along shopping streets is usually guided by the capability of such areas to attract consumers intending to do one-stop-shopping and benefit from the wide array of items made available for their selection.” Aaron McDermott, president of Latitude Commercial, told The Times of Northwest Indiana branding is really important when placing mattress showrooms close to where the consumer is already shopping. “Since the consumer is probably already going to shop at an anchor tenant like Walmart, Home Depot, Kohl’s, they just want to have their brand seen like a billboard near there so they know when they go to shop for a mattress they will remember where they are located,” McDermott said.
Commercial real estate prices remain relatively low across the country and the mattress business has never been more profitable. One of few businesses where people to prefer to buy in store versus online Most customers purchase a new mattress about once a decade. Because this is considered a big purchase (both in price and importance), customers prefer to buy mattresses in person instead of online — similar to when purchasing furniture or a vehicle. Even the customers who intend to buy a mattress online will often visit a retail store before making their purchase. It’s called “showrooming,” which means a customer examines merchandise in a traditional brick and mortar retail store before buying online. This means additional foot traffic in stores and a chance for companies to offer deals to customers who were only looking to browse. Between 2008 and 2012, a lot of Americans were not spending money on big purchases. The mattress industry is seeing an influx of people who delayed buying a new mattress and are now looking to purchase.