Buddy's Home Furnishings - Franchise


Quick Franchise Summary

Buddy’s Home Furnishings is backed by more than 60 years of proven success, is recession resistant and offers impressive unit economics. Several single and multi-unit development opportunities are available and in high demand.

Buddy's Home Furnishings
Business Cost, Fees & Facts for 2022

Minimum Cash Required $150,000
Net Worth Required $500,000
Total Investment $349,570 - $839,690
Franchise Fee $39,900
Financing Assistance Available
Training & Support Yes
View More Quick Facts

Available In These States:

We are currently accepting inquiries in ALL States
  • Overview

Overview

Buddy's Home Furnishings - Franchise

The Buddy's Story
In 1961, Buddy’s Bi-Rite was founded in Tampa, FL and proceeded to grow into a chain of 43 furniture and appliance stores throughout Georgia and Florida in just 25 years. 

Since then, the company adopted the name Buddy’s Home Furnishings and the franchising model as it grew its footprint to nearly 300 stores throughout the U.S. and Guam. The brand also expanded its product line to include furniture, electronics and home accessories while offering a new program that allows consumers to attain ownership of these goods through affordable payments without the constraints of traditional credit or financing.

Throughout its growth, Buddy’s Home Furnishings has built its business one satisfied customer at a time. Buddy’s is in the people business because it believes there’s something to be said for relationships with customers that aren’t built on transactions, but rather, trust.  

Why Franchise with Buddy’s?

Simply put, Buddy’s is better! With families doing more at home with tighter budgets, Buddy’s business model is as essential as ever. Here are some additional reasons to consider franchising with Buddy’s:

  • 60 Years of Proven Success: We’re the third largest rent-to-own brand in the industry with a 60-year, recession-resistant business model. With families doing more at home on tighter budgets, our business model is as essential as ever.

  • Great Unit Economics: $1,501,500 average gross sales per store for top 25% of stores*

  • $369,627 average cash flow per store for top 25% of stores*
  • Low Initial Investment: You can expect your initial investment for a Buddy’s franchise to be between $399,566 and $926,874 which is relatively low for retail development. 

  • Lots of White Space: We have several single and multi-unit territories available and in high demand nationwide.**

The Financial Requirements

To invest in a Buddy’s Home Furnishings franchise, candidates must have a minimum net worth of $500,000 and a minimum liquidity of $150,000. A background in franchising and multi-unit experience is desirable. 

Be sure to ask about Buddy’s partnership with VetFran that offers veterans 20% off of their franchise fee.

* This information reflects the Average Gross Sales and Average Free Cash Flow for the Top 25% of Buddy’s Home Furnishings company-owned retail businesses which were in operation for the entirety of the 2021 fiscal year. Of the 37 retail businesses that were in operation for all of 2021, 9 were included in the Top 25% sample set and 3 attained or surpassed the Average Gross Sales and 4 attained or surpassed the Average Free Cash Flow as described above. We refer you to Item 19 of our 2022 Franchise Disclosure Document for additional information. A NEW FRANCHISEE’S RESULTS MAY DIFFER FROM THE REPRESENTED PERFORMANCE. This advertisement is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. Offerings made by prospectus only and in compliance with the applicable pre-sale registration and disclosure requirements in your state. ©2022 Buddy’s Home Furnishings®. All rights reserved.

** Excluding California, Hawaii, Minnesota and Wisconsin.

 


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