The Brick vs Buddy's Home Furnishings Franchise Comparison

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

Start-Up Costs and Fees

 
The Brick Franchise
Buddy's Home Furnishings Franchise
Investment $500,000 - $1,000,000$385,166 - $912,594
Franchise Fee $40,000$25,000
Royalty Fee 2.5%6%
Advertising Fee 4% local$500/mo.
Year Founded 19711965
Year Franchised 19992007
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
The Brick Franchise
Buddy's Home Furnishings Franchise
Experience It is extremely important that we award our franchises to individuals who appreciate and will execute accordingly to our core value of Our Commitment Is To Our Customer. To that end, we are looking for active business people who want a complete system and our company values, which will enable them to compete in today's and tomorrow's challenging retail world. Active involvement within ones community and a burning desire to succeed will contribute greatly to the success of The Brick in a franchise setting. The success of a national chain of stores is predicated on the customer receiving seamless treatment whether they are in a store in Victoria, BC or St. Johns Nfld. The franchisee must dedicate themselves to providing this seamless treatment to the Brick customers.-

Financing Options

 
The Brick 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

 
The Brick 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 * Advertising and promotions planning calendars provided in advance * Market spill-over of TV advertising provided at no cost * Interior signage, price tag headers, and aggressive flyer programs are purchased by the franchisee at the cost to The Brick * Contests sponsored by The Brick and vedors * Design and assist in the execution of Grand Openings * Assist, for a fee, in close-out of existing business * Ongoing support through regional and corporate management Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations --

Expansion Plans

 
The Brick Franchise
Buddy's Home Furnishings Franchise
US Expansion -Yes
Canada Expansion YesYes
International Expansion --

Company Overviews

About The Brick

NOBODY BEATS THE BRICK!The Brick Warehouse LP began in 1971 and is 100% Canadian owned. We are successful because we listen to the marketplace, the customer as individuals, and then act accordingly. Our distinctive, consistent and frequent advertising and promotional campaigns allow us to remain at the forefront of our customers' minds. The Brick Card Platinum and flexible payment options contribute to the company's popularity. Are you an active business person who wants to become part of Canada's most dynamic retail organization? Do you want a complete system and company values that will allow you to compete and maximize your potential in today's challenging retail environment? * We sell all of Canada's leading Major Brands. * Industry leading comprehensive computer information system. * Aggressive and complete marketing and advertising programs. * Internet and Intranet, marketing and communications. * "Click 'n' Shop" (virtual brand extension) kiosk shopping models. * Ongoing support program from our retail managers. * One-stop shopping for all inventory. * "You sell one, you buy one" supply system. * Customer credit facilities through the Brick Card Platinum. * Our fee structures are reasonable. For further information please email us at [email protected].

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