Exactly what I wanted for my 8-year olds unfortunately very very small room. 
A small sofa/love seat/big chair that can be converted into an acceptable bed.  She really likes that you can change the armrests in variable positions for reading etc. not just up or down. No trouble with assembling the few parts that needed to be attached either. They are sneakily hidden INSIDE the mattress part when it arrives, just open the zipper underneath.
It arrived even faster than initially confirmed. Although I must say it would have been nice to be informed about the earlier delivery date. I just coincidently tracked the shipping at that same morning. The other thing was that I was charged twice for it by mistake, but wayfair attended to that quickly and by themselves. A little coupon as an apology would have been nice though. Overall a pleasant experience.