Mattress Firm Buys 8 Franchise Stores

October 18, 2010  by in UnCategorized   

By Home Furnishings Business in Bedding on October 19, 2010 Houston-based Mattress Firm has acquired eight franchised-own locations in Tennessee and Alabama, making the corporate store count 530 and the franchise count 70.

The stores are located in Chattanooga, Tenn., Knoxville, Tenn., and Huntsville, Ala., and the were previously owned by Ryan Vinson and Scott Scoggins with Peak Management.
Vinson and Scoggins have joined the corporate organization.

Vinson has been named to the new position of director of new market development. He is responsible for establishing successful new market stores through cross-functional coordination with an entrepreneurial focus.

Scoggins continues to oversee the acquired markets as district manager.

€œI am excited to bring thriving, established markets in to the corporate presence and to continue to build on the solid foundation assembled by Peak Management," said Steve Stagner, Mattress Firm CEO. "Additionally, I€™m eager to bring Ryan and Scott back into the corporate team. They have a unique perspective on the industry which stems from their time as a Mattress Firm, Inc. district managers and successful entrepreneurs. Both Ryan and Scott have proven that they can enter an organic market and create sustainable and profitable growth.€
 
Vinson started his career at Mattress Firm in the sales and management program 11 years ago.  He held several roles including district manager before opening franchise locations in 2007. His growth and development through the corporate sales organization prepared him for success as a franchisee. Early success allowed the franchise to expand during a time when most retailers were closing doors. Vinson is a graduate of Stephen F. Austin State University.
 
Scoggins joined Mattress Firm in 1995. Shortly after, he became a partner in the Mattress Firm Elite franchise and helped build a 50-store chain across the southeastern United States. He€™s held a number of roles at Mattress Firm including district manager, city manager and franchisee. Scoggins is also a graduate of Stephen F. Austin State University.

Mattress Firm operates stores in 22 states and sells bedding from a number of traditional and specialty suppliers including Tempur-Pedic, Sealy, Simmons, and Sleep to Live.