Buddy’s Home Furnishings Claimed
Buddy's Home Furnishings Franchise For Sale
Buddy’s Home Furnishings offers customers affordable payments on home necessities including name-brand furniture, electronics, appliances and home accessories. The company is one of the fastest growing rent-to-own franchises in America and sits prominently in the $12.6 billion rent-to-own industry.**
What is Rent-to-Own?
Rent-to-own (RTO) is an essential and recession-resistant industry offering customers affordable payments on everyday necessities, which is why RTO annual revenue has steadily increased for decades despite good and bad economies.
The rent-to-own industry gained traction in the 1970s in response to customer demand for acquiring household products without incurring debt or jeopardizing the family’s credit. RTO customers continue to come from all walks of life and share the common desire to have durable goods in their homes without the long-term financial obligations associated with credit sales.
The cornerstone of RTO, and a point of differentiation from traditional retail, is there is no interest, no credit check and customers can return the merchandise at any time for any reason without penalty. This model has become a mainstream hallmark of consumerism spanning industries from car sharing services, to clothing rental subscriptions, technology trade-in programs and so much more.
According to the 2022 Association of Progressive Rental Organizations (APRO) Annual Industry Health Survey, the RTO industry served an estimated total of 4.6 million households in 2020—approximately 1 of every 28 American households rented products from a traditional brick-and-mortar RTO store.
Why Franchise with Buddy’s Home Furnishings?
There are many benefits to franchising with one of the fastest growing rent-to-own retailers:
60+ Years of Historical Success
Buddy’s level of expertise and success has only compounded with time. Franchise owners benefit from Buddy’s national brand recognition and the tried-and-true, proven systems refined over decades in RTO.
Impressive Unit Economics
On average, the top 25% of stores see $1,452,318 gross sales and $348,878 cash flow per store.*
Recurring Revenue on Inventory
RTO has a unique recurring revenue model that yields multiple returns on every product.
Business Model Built for Franchising
Approximately 91% of Buddy’s franchisees are multi-unit owners and growing, which is a testament to the company’s systematic, proven approach to establishing and scaling stores.
Community Focused
Buddy’s success is a reflection of the relationships every store develops with its local community. The company culture is to nurture relationships with customers that aren’t built on transactions, but rather, trust.
Franchise Background
Franchised Units: 338
Company Owned Units: 37
States Registered In: ALL except for California, Hawaii, Minnesota, and Wisconsin.
Canada Franchises: No
International Franchises: No
Financial Terms
Minimum Net Worth: $750,000
Franchise Fee: $39,900
Royalty: 6%
Ad: 2%
SBA Approved: Yes
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
Support & Training
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.
Ideal Candidate
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