Retail

Buddy’s Home Furnishings

From top-notch furniture and cutting-edge electronics to reliable appliances and stylish home accessories, Buddy’s has customers’ needs covered with budget-friendly payment options.

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Min. investment

$150,000

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Total investment

$839,690

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Funding support

Assistance available
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Coverage

USA
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Franchise Fees

8%
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Level of expertise

Beginner to Senior

About Buddy's Home Furnishings

Welcome to the world of Buddy’s Home Furnishings – a trailblazing brand in the realm of rent-to-own home furnishings. With a legacy dating back to its establishment in 1961, Buddy’s has redefined the way people experience furnishing their homes. Boasting a robust network of 338 units, Buddy’s Home Furnishings has been a driving force in the industry since introducing franchising opportunities in 2009.

Leveraging decades of expertise, Buddy’s empowers individuals to unlock their entrepreneurial potential by joining its thriving franchise family. This is not just a chance to be a part of a trusted name; it’s an invitation to pioneer the future of accessible and stylish home furnishings through a proven and prosperous franchise model.

What They Offer

Customers of Buddy’s Home Furnishings can now discover a world of possibilities, where they can effortlessly bring home essential items without breaking the bank. From top-notch furniture and cutting-edge electronics to reliable appliances and stylish home accessories, Buddy’s has customers’ needs covered with budget-friendly payment options. Customers are able to experience the joy of convenient and affordable living through the brand’s extensive range of high-quality products.

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The Franchise Offering

Embrace an unparalleled franchise opportunity with Buddy’s Home Furnishings, a leading force in the booming rent-to-own industry. With over 60 years of unwavering success, Buddy’s offers franchisees a chance to harness national brand recognition and proven systems honed over decades.

Revel in the impressive unit economics, with the top 25% of stores boasting remarkable averages of $1,501,500 gross sales and $369,627 cash flow per store. Experience the power of recurring revenue through the unique RTO model, yielding an average of 25% in free cash flow and multiple returns on every product.

The franchisor’s business model is tailor-made for franchising, driving an 88% rate of multi-unit ownership and growth among franchisees. Join a community-focused endeavor where local relationships are cherished over transactions, built on trust.

Benefit from attractive perks including a 0% royalty fee for the first six months, a detailed roadmap fortified by six decades of industry experience, and unlimited growth potential exemplified by their 88% multi-unit franchisee success rate.

Who Are They Looking For?

If you’re an individual looking to harness the power of a well-established system, ready to uphold and build upon a legacy business, someone inherently community-focused with a genuine passion for serving others, an aspiring owner ready to scale with multiple units, prepared to diversify your portfolio through a proven venture, and meet the financial criteria with a minimum net worth of $500,000 and minimum liquidity of $150,000, Buddy’s Home Furnishings welcomes you.

Whether you’re an independent rent-to-own retailer seeking to convert, expand, or elevate your business to new heights, this franchisor is seeking visionary individuals who embody these qualities and aspirations.

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The Cost

With a minimum cash requirement of $150,000 and a franchise fee of $39,900, you can unlock a world of opportunities. The total investment range, spanning from $349,570 to $839,690, offers flexibility in aligning with your aspirations. A royalty fee of 6% ensures ongoing support and access to Buddy’s Home Furnishings’ proven systems, while a net worth of $500,000 showcases your capacity to thrive in this venture.

Additionally, a marketing fee of 2% contributes to building brand visibility and outreach. These costs represent a strategic investment in your future as a valued member of the Buddy’s Home Furnishings franchise family, empowering you to tap into a flourishing industry while benefiting from the franchisor’s renowned expertise.

Funding

Buddy’s Home Furnishings can help you secure financing through a third-party. As such, financing options that you can explore are available.

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Training & Support

Step into a world of comprehensive training, unwavering support, and exceptional benefits as a new franchisee of Buddy’s Home Furnishings. The franchisor’s commitment to your success is underscored by a meticulously crafted “playbook” that guides you through every phase of your journey, providing steadfast assistance from day one and beyond. With an average of 23 years of industry experience, their dedicated franchise consultants serve as invaluable companions, offering hands-on guidance both before and after your store’s opening.

Navigating the realm of location selection becomes a breeze with the brand’s nationwide territories. Real estate experts collaborate with you to evaluate potential sites, negotiate leases, and oversee site development, ensuring that you find the perfect home for your Buddy’s franchise.

Fueling your growth is a dynamic marketing strategy that fuses national and localized campaigns. With each store contributing 2% toward localized promotions, Buddy’s specialized marketing team upholds brand standards while magnifying the visibility of your products, thereby amplifying your return on investment.

Cost-effectiveness is elevated through bulk purchasing, granting you access to over 14,000 products through their 24/7 purchasing portal. Seamlessly managing store processes, Buddy’s proprietary point-of-sales system is tailored to empower rent-to-own professionals, facilitating quick adoption by employees.

Stay on the cutting edge with the franchisor’s advanced IT solutions, finely tuned by the brand’s internal team of professionals. By proactively analyzing and resolving electronic challenges, Buddy’s IT experts keep your in-store and online technology systems operating with utmost efficiency. Empower your enterprise with ever-evolving, easily accessible technology support, reinforcing your stance as a frontrunner in the market.

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Next Steps

If you’re contemplating pursuing this franchise opportunity, simply send an enquiry and request further information. It’s easily done – fill out this form and submit it. It will take just seconds.

Disclaimer

The information provided on this page is obtained from sources available freely on the internet. No responsibility for factual inaccuracies should be attributed to Franchise Fame.

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