Sofa Solutions vs Buddy's Home Furnishings Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Sofa Solutions vs Buddy's Home Furnishings including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Sofa Solutions Franchise
Buddy's Home Furnishings Franchise
Investment $125,000 - $150,000$385,166 - $912,594
Franchise Fee N/A$25,000
Royalty Fee -6%
Advertising Fee -$500/mo.
Year Founded -1965
Year Franchised -2007
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Sofa Solutions Franchise
Buddy's Home Furnishings Franchise
Experience --

Financing Options

 
Sofa Solutions Franchise
Buddy's Home Furnishings Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/Yes
Equipment -/--/Yes
Inventory -/--/Yes
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Sofa Solutions Franchise
Buddy's Home Furnishings Franchise
Training - On-The-Job Training: 60+ hours Classroom Training: Up to 42 hours
Support -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 Website development Email marketing Loyalty program/app
Operations --

Expansion Plans

 
Sofa Solutions Franchise
Buddy's Home Furnishings Franchise
US Expansion -Yes
Canada Expansion -Yes
International Expansion --

Company Overviews

About Sofa Solutions

What makes Sofa Solutions unique is very affordable pricing. Sofa Solutions stores are specifically designed to create affordable career opportunities in a professional setting at an investment level attainable by the average person. You can own your own Sofa Solutions store for around $150,000. A husband and wife team could easily operate one of our stores with minimal part-time help. No more dealing with countless employees who come and go. We provide extensive and ongoing training with a proven operations formula. Sofa Solutions partners with its Franchisees in that the Sofa Solutions Distribution Company assists in buying product, processing sales, warehousing and delivery. You're in business for yourself but not by yourself! Unlike other franchised furniture stores that are tied into a single manufacturer's line, Sofa Solutions sells a multi-brand selection of high quality upholstery, encompassing over 300 styles, 2000 fabrics, plus leathers and occasional furniture.

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.
Veteran Incentives  20% off franchise fee