Cell Phone Repair vs Buddy's Home Furnishings Franchise Comparison

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

Start-Up Costs and Fees
 
Cell Phone Repair Franchise
Buddy's Home Furnishings Franchise
Investment $79,850 - $205,500$385,166 - $912,594
Franchise Fee $25,000$25,000
Royalty Fee 6.5%6%
Advertising Fee 2%$500/mo.
Year Founded 20041965
Year Franchised 20072007
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Cell Phone Repair Franchise
Buddy's Home Furnishings Franchise
Experience --

Financing Options
 
Cell Phone Repair Franchise
Buddy's Home Furnishings Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/Yes-/-
Start-up Costs Yes/Yes-/Yes
Equipment -/Yes-/Yes
Inventory -/Yes-/Yes
Receivables -/Yes-/-
Payroll -/Yes-/-

Training & Support
 
Cell Phone Repair Franchise
Buddy's Home Furnishings Franchise
Training On-The-Job Training: 40 hours Classroom Training: 40 hours On-The-Job Training: 60+ hours Classroom Training: Up to 42 hours
Support Purchasing Co-ops Newsletter 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 Website development Email marketing Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations --

Expansion Plans
 
Cell Phone Repair Franchise
Buddy's Home Furnishings Franchise
US Expansion YesYes
Canada Expansion -Yes
International Expansion Yes-

Company Overviews

About Cell Phone Repair

CPR is the most seasoned, most immovably settled, generally known and regarded mark name in the Cell Phone Repair industry. Almost everybody claims a wireless in today's general public and about everybody breaks them at some time too. The mobile phone repair industry is staying put and there is no better approach to take advantage of this exceedingly lucrative market than with a CPR establishment. Similarly as the auto repair industry developed quickly in extent to the quantity of autos being made, the development rate of PDAs and the cell repair industry is taking after a similar example. The market for wireless repairs is still in the early development stages and it will take numerous years for the extension of this market to approach immersion. Owning a CPR establishment is still a ground floor business opportunity as far as start-up expenses and income potential. As a franchisee, you'll have the capacity to offer a full scope of cell repair administrations to your clients with a brand name they've come to trust and regard. Best of all, you'll get the full support of the CPR group - a gathering that is focused on furnishing you with the preparation, hardware and assets you have to make your CPR store an effective, entrenched business. To take in more, we urge you to ask for additional data about this establishment opportunity.

Veteran Incentives  10% off franchise fee or franchise fee waived on third unit
"Entrepreneur
#48 in Franchise 500 for 2020.
#96 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.
Veteran Incentives  20% off franchise fee