Sears Home Appliance Showrooms vs Buddy's Home Furnishings Franchise Comparison

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

Start-Up Costs and Fees
 
Sears Home Appliance Showrooms Franchise
Buddy's Home Furnishings Franchise
Investment $122,000 - $1,895,000$385,166 - $912,594
Franchise Fee $18,000 - $54,000$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
 
Sears Home Appliance Showrooms Franchise
Buddy's Home Furnishings Franchise
Experience --

Financing Options
 
Sears Home Appliance Showrooms 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
 
Sears Home Appliance Showrooms 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
 
Sears Home Appliance Showrooms Franchise
Buddy's Home Furnishings Franchise
US Expansion -Yes
Canada Expansion -Yes
International Expansion --

Company Overviews

About Sears Home Appliance Showrooms

We know what consumers want and are ready to deliver superior products and customer service. A true showroom concept, once the sale is made your customer's purchases are delivered, installed and serviced by the reliable Sears Team. Besides leveraging the Sears name, our showrooms offer a huge selection of well-known appliances such as Kenmore and Kenmore Elite, Electrolux, L-G, Maytag, Whirlpool, General Electric, Kitchen-Aid, Samsung, Frigidaire, Bosch, Jenn-Air and Amana - all within 4,000 square feet of selling space. Professional delivery, installation, product service and INVENTORY are all provided by Sears. Armed Forces Veterans - 10% discount on franchise fee.

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