Buddy's Home Furnishings

Buddy's Home Furnishings is the fastest growing rent-to-own franchise in America and sits prominently in the $11.1 billion rent-to-own industry. The rent-to-own retailer offers customers affordable payments on home necessities such as name-brand furniture, electronics, appliances and home accessories.

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Buddy's Home Furnishings

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Buddy's Home Furnishings Franchise Cost and Requirements for 2022

Background

Buddy's was founded in 1961 in Tampa, Florida with a single goal in mind: to make appliances in a retail setting more affordable. Since then, Buddy's has adopted the franchising model and grown its footprint to approximately 330 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, the company 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.

Buddy's Home Furnishings is the fastest growing rent-to-own franchise in America and sits prominently in the $11.4 billion rent-to-own industry. The rent-to-own retailer offers customers affordable payments on home necessities such as name-brand furniture, electronics, appliances and home accessories. The company has a 60-year history of proven success in its industry and continues to withstand good and bad economies as an essential, recession-resistant business. Franchise owners receive a 0% royalty fee the first six months and see an average of 25% in free cash flow, which is attributed to a unique recurring revenue model in rent-to-own. Buddy's is growing past its current nationwide footprint of 330 locations, and 88% of the company's franchisees are multi-unit owners.

Buddy's offers 100 hours of training which includes two weeks in the corporate office and stores, followed by a training with the franchise owner's staff at their store prior to opening. There is also extensive, ongoing training and support available from Buddy's operations team via the dedicated Franchise Consultants, a detailed Operations Manual, and an E-Learning portal.

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.

Company Details

Established: 1961
First Unit Franchised: 2009
Franchised Units: 293
Company Owned Units: 37
States Registered In: Alabama - AL, Alaska - AK, Arizona - AZ, Arkansas - AR, Colorado - CO, Connecticut - CT, Delaware - DE, Florida - FL, Georgia - GA, Idaho - ID, Illinois - IL, Indiana - IN, Iowa - IA, Kansas - KS, Kentucky - KY, Louisiana - LA, Maine - ME, Maryland - MD, Massachusetts - MA, Michigan - MI, Minnesota - MN, Mississippi - MS, Missouri - MO, Montana - MT, Nebraska - NE, Nevada - NV, New Hampshire - NH, New Jersey - NJ, New Mexico - NM, New York - NY, North Carolina - NC, North Dakota - ND, Ohio - OH, Oklahoma - OK, Oregon - OR, Pennsylvania - PA, Rhode Island - RI, South Carolina - SC, South Dakota - SD, Tennessee - TN, Texas - TX, Utah - UT, Vermont - VT, Virginia - VA, Washington - WA, West Virginia - WV, Wyoming - WY
Canada Franchises: No
International Franchises: No

Support and Training Offered By Buddy's Home Furnishings

Financial Assistance Provided: Yes
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Recruiting Assistance: Yes
Cooperative Advertising: Yes
Training:
Buddy's offers 100 hours of training which includes two weeks in the corporate office and stores, followed by a training with the franchise owner's staff at their store prior to opening. There is also extensive, ongoing training and support available from Buddy's operations team via the dedicated Franchise Consultants, a detailed Operations Manual, and an E-Learning portal.

2022 Franchise Requirements Needed to Own a Buddy's Home Furnishings Franchise.

What does a Buddy's Home Furnishings Franchise Cost?

Buddy's Home Furnishings franchise fees for 2022:

Cash Investment: $150,000+
Total Investment: $349,570 to $839,690
Minimum Net Worth: $500,000
Franchise Fee: $39,900
Royalty: 6%
Ad: 2%
Item 19: Yes
Average Number of Employees: 5
Visa Candidates: No
Passive Ownership: Yes
Home-Based: No
B2B: No
Master Franchise Opportunities: No
Veteran Discount: Yes

Is Buddy's Home Furnishings a Semi Absentee Franchise with a Passive Ownership Opportunity?

Yes. Buddy's Home Furnishings is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.

Is Buddy's Home Furnishings a Home Based franchise?

No. Buddy's Home Furnishings is not a home based franchise opportunity.

What Do Buddy's Home Furnishings Franchise Owners Make?

Click here to find out how much Buddy's Home Furnishings franchisees make. Buddy's Home Furnishings offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is Buddy's Home Furnishings a Master Franchise Opportunity?

No. Buddy's Home Furnishings is not a master franchise opportunity.

Does Buddy's Home Furnishings Offer a Veteran Discount?

Yes. Buddy's Home Furnishings franchise does offer a veteran discount.

Does Buddy's Home Furnishings Work with E2 Visa and EB-5 Visa Candidates?

No. Buddy's Home Furnishings franchise does not work with E2 Visa and EB-5 Visa candidates.

Is Buddy's Home Furnishings Looking for Franchisees in Canada?

No. Buddy's Home Furnishings franchise is not looking for Canada franchisees.

Is Buddy's Home Furnishings Looking for International franchisees?

No. Buddy's Home Furnishings franchise is not looking for International franchisees.

Additional Information

Additional Categories

Retail, Recently Added Franchises, Non Food Franchises

Number of Units Open

100+ UNITS

Cash Required

$100,000 - $250,000

Master Franchise

No

Passive Franchise

Yes

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

E2 Visa Franchise

No

Buddy's Home Furnishings Franchises for Sale

Click Here to inquire about existing Buddy's Home Furnishings franchises for sale. We may have Buddy's Home Furnishings franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.