Buddy’s Home Furnishings Franchise
To buy a franchise with Buddy’s Home Furnishings, you'll need to have at least $150000 in liquid capital and a minimum net worth of $500000. Buddy’s Home Furnishings charges a franchise fee of $39900. They also offer a discount for veterans.
Franchisor Details
Total Units: 300
Year Founded: 1961
Franchising Since: 2008
Home Office: Orlando, FL
Training: Available
Locations Available: See Below*
Franchise Costs
Liquid Capital Required: $150,000
Net Worth Required: $500,000
Total Investment: $349,570 – $839,690
Franchise Fee: $39,900
Royalty Type: 6%
Vetern Discount: Yes
*Buddy’s Home Furnishings is currently accepting inquiries from the following locations: Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming
Values & History
Over the last half century, the Buddy’s team has built our business one satisfied customer at a time. Since 1961, Buddy’s has worked every day to provide rent to own furniture, appliances and electronics that you can own Faster For Less.
Industry Performance
Market Demand & Advantage
As a provider of the most basic household necessities, Buddy's benefits from being securely established in home furnishings. The rent-to-own industry is an $11.1 Billion dollar industry and has a proven history of recession resilience and less susceptibility to online competition compared to traditional retail. Additionally, Buddy's model has proven to grow during recessions and pandemics since we are essential offer home furnishings through affordable payments to customers with a household income of up to $80,000.Rent-to-own is full of huge advantages for franchise owners. Buddy's owners receive recurring income through customers' monthly payments. Additionally, most inventory that goes out the front door ends up back on the showroom floor to be sold again to a second homeowner, giving franchise owners multiple payments from a single piece from their inventory.
Training & Support
2 weeks of training during development is offered, with ongoing support provided by your Franchise Consultant. We have an online training portal, operating manuals and systems to train new franchisees and their staff. We will also be at the store pre grand opening and during to provide support.
Ideal Candidate & Qualifications
We would like to partner with franchisees or investors who are passionate about the services Buddy's Home Furnishings offers.
Purchasing a Buddy's Home Furnishings Franchise
Franchise Fee: $60,000. Net worth Required: $100,000. Total Investment: $826,000- $1,000,000. Liquid Capital Required: $400,000.
Buddy’s Home Furnishings is a leader in rent-to-own with over 300 locations nationwide and more than 60 years of proven success. The company’s franchise model offers impressive unit economics and unlimited growth potential—which is why 88% of Buddy’s franchisees are multi-unit owners.
Buddy’s Home Furnishings is a FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.
Buddy’s Home Furnishings is a FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.