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Updated RecentlyBatteries Plus Bulbs vs Buddy's Home Furnishings Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Batteries Plus Bulbs vs Buddy's Home Furnishings including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $201,450 - $385,230 | $385,166 - $912,594 |
| Franchise Fee | $37,500 | $25,000 |
| Royalty Fee | 5% | 6% |
| Advertising Fee | 1% | $500/mo. |
| Year Founded | 1988 | 1965 |
| Year Franchised | 1992 | 2007 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | 20% of franchise fee | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | Yes/Yes | -/Yes |
| Equipment | Yes/Yes | -/Yes |
| Inventory | Yes/Yes | -/Yes |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | Periodic store visits & regional meetings On-The-Job Training: 84 Classroom Training: 168 Additional Training: Ongoing | On-The-Job Training: 60+ hours Classroom Training: Up to 42 hours |
| Support | National Account Sales Program With Standardized Pricing, On-line Order Capabilities, E-commerce, Real Estate & Store Design Support, On-going Field Support, Product Call Center, Intranet Site plus: Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform |
| Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations |
62% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4
Absentee ownership of franchise is allowed. | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | Yes |
| International Expansion | No | - |
Company Overviews
About Batteries Plus Bulbs
The first Batteries Plus Bulbs store opened as Batteries Plus in Green Bay, Wisconsin, in 1988. Batteries Plus Bulbs now has stores throughout the country selling batteries and bulbs with on-site Tech Centers that design, assemble and test battery systems. Customers include individual consumers and commercial clients such as manufacturers, service businesses and government agencies.
The total investment necessary to begin operation of a Store is from
$201,450 to $385,230. This includes $108,475 to $156,625 that must be
paid to the franchisor or their affiliates. If you sign a Multiple Unit
Franchise Agreement, you also must pay us $10,000 for each Store you
commit to develop.
Veteran Incentives $10,000 off franchise fee
#188 in Franchise 500 for 2020.About Buddy's Home Furnishings
Buddy’s Home Furnishings is
the third largest Rent-To-Own (“RTO”) furniture, appliance, electronic
and computer provider in the United States. Buddy’s was founded in 1961
in Tampa, Florida and for the first 30 years of existence the Company
operated 21 stores in the Greater Tampa Area. Over the past five years,
Buddy’s has aggressively expanded its footprint by adding new
company-owned and franchised stores outside of its home area. As of July 1, 2015, 103 franchise, 54 company, and 45 partnership stores located
in the South, Southeastern and Southwestern regions of the U.S. The
Company plans to continue this rapid growth over the next several years
by opening new company-owned stores, acquiring independently operated
RTO stores and franchising stores.
The total investment necessary to begin operation of a Buddy’s Home Furnishings retail business is $385,166 to $912,594. This includes
$100,860 to $243,510 that must be paid to the franchisor or an
affiliate. If you enter into a Development Agreement, your investment to
begin operation of your first Buddy’s Home Furnishings retail business
will be as described above (minus the initial franchise fee for the
first Buddy’s Home Furnishings retail business that will be paid as part
of the development fee under the Development Agreement), and you will
pay the franchisor a development fee due in connection with signing the
Development Agreement. The development fee will be $25,000 for your
first Buddy’s Home Furnishings retail business to be developed under the
Development Agreement and 40% of the initial franchise fee for each
additional Buddy’s Home Furnishings retail business to be developed
under the Development Agreement. You must commit to develop a minimum of
two Buddy’s Home Furnishings retail businesses under the Development
Agreement.