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Mattress Firm Acquires Eight Franchise-Owned Locations

 

Franchise Owners, Ryan Vinson and Scott Scoggins,  Assume Corporate Positions

 
October 23, 2010 - Mattress Firm, Inc., one of the nationís leading specialty mattress retailers, today announced the acquisition of eight franchised-owned locations from franchise partners, Ryan Vinson and Scott Scoggins with Peak Management. The addition of the Chattanooga, Knoxville and Huntsville locations brings the corporate store count to 530 and the franchise store count to 70.

In addition to three new markets, Vinson and Scoggins will also join the corporate organization. Vinson will step into a new role for the company Ė director of new market development. He will be responsible for establishing successful new market stores through cross-functional coordination with an entrepreneurial focus. Scoggins will continue to oversee the acquired markets as district manager.

ďI 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. Additionally, Iím 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,Ē said Steve Stagner, Mattress Firm CEO.

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. Heís held a number of roles at Mattress Firm including district manager, city manager and franchisee. Scoggins is a graduate of Stephen F. Austin State University.

About Mattress Firm: Houston-based Mattress Firm (www.mattressfirm.com) is one of the nationís premier specialty bedding retailers, offering a broad selection of both traditional and specialty mattresses from leading manufacturers, including Tempur-Pedic, Sealy, Simmons, Stearns & Foster, and Sleep to Live. Founded in 1986, Mattress Firmís purpose is to improve lives one night at a time. With more than 580 stores across 22 states, Mattress Firm offers consumers the benefit of highly trained, knowledgeable sales professionals, a broad product offering, and competitive prices in an attractive and comfortable store environment.

Consumers looking for a local Mattress Firm store visit the store locator at: www.mattressfirm.com/StoreLocator.aspx.

For more information, visit www.mattressfirm.com.

 

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