Buddy's Home Furnishings Franchise

Rent-To-Own (“RTO”) furniture, appliances, electronics and computers

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

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Please Note: The operators of Buddy's Home Furnishings, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Buddy's Home Furnishings website.

How much does it cost to open a Buddy's Home Furnishings Franchise?

The investment required to open a Buddy's Home Furnishings Franchise is between $385,166-$912,594. There is an initial franchise fee of $25,000 which grants you the license to run a business under the Buddy's Home Furnishings name.

Individual Unit Costs

Initial Investment:
$385,166-$912,594
Initial Franchise Fee:
$25,000
Royalty Fee:
6%
Advertising Fee:
$500/mo.

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Buddy's Home Furnishings Franchise Growth History

When did the first Buddy's Home Furnishings open? 1965
When did Buddy's Home Furnishings start Franchising? 2007

Buddy's Home Furnishings Franchise Expansion Plans

United States: Nationwide

Canada:

Financing Options

Expense	In-House	Third Party
Franchise Fee	N/A	N/A
Startup Costs	N/A	Yes
Equipment	N/A	Yes
Inventory	N/A	Yes
Accounts Receivable	N/A	N/A
Payroll	N/A	N/A

Training & Support

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

How much does a Buddy's Home Furnishings Franchise owner make?

To calculate how much income a franchise owner can do at Buddy's Home Furnishings Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.

Listing Tags

rent-to-own, electronics, furniture, appliances, computers

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Legal Disclaimer: This information is not a franchise offering for Buddy's Home Furnishings and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a Buddy's Home Furnishings franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.