Buddy's Home Furnishings Franchise

Why Franchise with Buddy’s Home Furnishings?

Buddy’s Home Furnishings offers an excellent franchise opportunity in the fast-growing rent-to-own industry. With over 60 years of success and a proven business model, Buddy’s stands out as a leader in providing affordable home necessities. Here’s why you should consider joining their franchise network:

Franchise Overview

• Founded: 1961
• Franchising Since: 2009
• Number of Units (2023): 338
• Headquarters: Orlando, FL

Understanding the Business Model

Buddy’s Home Furnishings operates within the rent-to-own (RTO) sector, providing name-brand furniture, electronics, appliances, and home accessories without requiring a credit check. Their unique selling points include:

• No credit needed
• Express delivery within 24 hours
• Included service and repair
• Flexible payment options

Investment Details

Investing in a Buddy’s Home Furnishings franchise requires a detailed understanding of the initial and ongoing financial commitments. Here are the key numbers you need to know:

• Initial Franchise Fee: $39,900
• Total Investment: $375,650 - $797,540
• Minimum Net Worth: $750,000
• Liquid Capital Required: $200,000
• Royalty Fee: 6%
• Advertising Fee: 2%
• Veteran Incentives: 20% off the franchise fee

Training and Support

Buddy’s Home Furnishings ensures their franchisees are well-prepared to succeed with comprehensive initial and ongoing support:

• Initial Training:
• 60 hours of on-the-job training
• 42 hours of classroom training
• Ongoing Support:
• Marketing and advertising assistance
• Field operations and consulting
• Proprietary software training
• Site selection and lease negotiation
• Grand opening support

Profit Potential

Franchisees can expect impressive financial performance. Here’s a snapshot of the potential earnings:

• Top 25% of Stores: $1,452,318 in average gross sales
• Average Cash Flow per Store: $348,878

Next Steps

If you’re excited about the prospect of owning a Buddy’s Home Furnishings franchise, the next step is to gather more information. Fill out the free information request form on this page to receive the Franchise Disclosure Document (FDD) and begin your journey towards becoming a franchise owner.

Key Takeaways

• Buddy’s Home Furnishings is a leading player in the rent-to-own industry with over 60 years of experience.
• The initial investment ranges from $375,650 to $797,540 with significant support from the franchisor.
• Franchisees benefit from established brand recognition, a proven business model, and impressive unit economics.
• Comprehensive training and ongoing support ensure franchisees are well-equipped to succeed.

Ready to explore this lucrative franchise opportunity? Download the Franchise Disclosure Document or fill out the free information request form now!