Furniture Warehouse Outlet vs Buddy's Home Furnishings Franchise Comparison

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

Start-Up Costs and Fees

 
Furniture Warehouse Outlet Franchise
Buddy's Home Furnishings Franchise
Investment $369,500 - $654,500$385,166 - $912,594
Franchise Fee $75,000$25,000
Royalty Fee 6%6%
Advertising Fee 3%$500/mo.
Year Founded -1965
Year Franchised -2007
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee 20% of current franchise fee-


Business Experience Requirements

 
Furniture Warehouse Outlet Franchise
Buddy's Home Furnishings Franchise
Experience --

Financing Options

 
Furniture Warehouse Outlet 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

 
Furniture Warehouse Outlet Franchise
Buddy's Home Furnishings Franchise
Training We provide you an initial training program that covers material aspects of the operation of the franchised business. This training is offered on an as needed basis at our headquarters in Taylorsville, Utah, or another location we designate. You must designate a manger for the franchised business and he or she must satisfactorily complete the initial training approximately 8 weeks before the opening of the franchised business. One assistant of your choosing may also attend at your option. We expect that your attendees will advance through the training program at different rates depending on a variety of factors, including background and experience. 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 A Furniture Warehouse Outlet franchise will offer furniture, furnishings, both new and quality consigned, and mattresses and other home furnishings.-

Expansion Plans

 
Furniture Warehouse Outlet Franchise
Buddy's Home Furnishings Franchise
US Expansion YesYes
Canada Expansion -Yes
International Expansion --

Company Overviews

About Furniture Warehouse Outlet

NO LONGER FRANCHISING

Furniture Warehouse has been family owned and worked since 1975 and is outstanding for its astute promoting all through the Salt Lake Valley. A Furniture Warehouse Outlet establishment will offer furniture, decorations, both new and quality transferred, and sleeping pads and other home decorations.

Retail industry has been seeing steady development in the course of the most recent couple of years and is relied upon to develop more in the coming years. Getting the chance of Retail establishment could be the most astute choice that can help you get profited for lifetime. There are different open doors you can get from retail business establishment. In retail segment you can serve for purchaser durables and IT, markets and stores, home and office, sports merchandise and the sky is the limit from there. Getting into a retail business was never so natural; outline your prosperity way with retail establishment openings accessible.

Franchisee's will profit by utilization of our focal stockroom. This implies there is no capacity expenses to the franchisee. We likewise deal with the conveyance, we have a parent organization to handle your client benefit, we give you the business supplies and give you an intuitive site and in addition blessing card frameworks and blessing card bookkeeping took care of by us. Recieve stock reinforcement from different franchisees and organization stores.

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