Buddy’s Home Furnishings

Buddy's Home Furnishings Franchise: A Look at Ownership

Want to be your own boss but crave the stability of an established brand? Becoming a franchisee could be the perfect solution.

The franchise industry is booming! In 2022, over 8 million franchise employees contributed to a staggering $826.6 billion in revenue. More and more entrepreneurs are realizing the benefits of joining forces with a proven business model. If you're thinking about franchising, Buddy's Home Furnishings is a great option to consider.

Why Choose a Franchise?

Starting a business from scratch can be exciting, but it also comes with risks. A franchise offers a more predictable path to success:

Guidance and Support

Buddy's has been in business since 1961 and has a proven track record. They provide you with the tools and expertise you need to succeed, including training and ongoing support. You're not going it alone!

Brand Recognition and Customer Loyalty

Buddy's has already built a strong reputation and customer base. This means you'll have an easier time attracting customers and building your business.

Buddy's Home Furnishings: A Closer Look

Buddy's Home Furnishings is a leading name in the rent-to-own furniture industry. They have over 300 locations nationwide and are known for their commitment to affordable pricing and flexible payment plans.

Buddy's Key Features

• **No credit needed:** Customers can get the furniture they need without a credit check.
• **Express delivery:** Get your furniture quickly! Buddy's offers 24-hour or less delivery for select items.
• **Free service and repair:** Enjoy peace of mind knowing that your furniture is covered by Buddy's service and repair program.
• **Flexible payment options:** Customers can customize their payment plans to fit their budget.

The Furniture Industry: A Stable Market

The furniture industry is recession-resistant. People always need furniture for their homes. This is a multi-billion dollar industry with a strong growth outlook.

Become a Buddy's Franchisee: What You Need to Know

Financial Requirements

• Liquid capital: $200,000
• Minimum net worth: $750,000
• Total investment: $375,650 - $797,540
• Initial franchise fee: $39,900
• Royalty fee: 6%
• Advertising fee: 2%
• Veteran incentives: 20% off the franchise fee

Potential Income

The income you can expect as a Buddy's franchisee will vary depending on factors like location and store performance. However, the top 25% of Buddy's stores average $1,452,318 in gross sales and $348,878 in cash flow per store.

Support and Training

Buddy's is committed to helping its franchisees succeed. They provide comprehensive training and support, including:

• **Classroom training:** 42 hours
• **On-the-job training:** 60 hours
• **Site selection assistance**
• **Lease negotiation guidance**
• **Cyber security training**
• **Safety and security protocols**
• **Grand opening support**
• **Long-term assistance:** Toll-free call center, online support, field operations, and consultants
• **Marketing and promotions:** Regional and national advertising, website development, email marketing, and SEO
• **Loyalty programs**
• **Mobile apps**

The Franchising Process

If you're interested in becoming a Buddy's franchisee, here's what you can expect:

1. **Initial Contact:** Reach out to Buddy's to learn more.
2. **Review the Franchise Disclosure Document (FDD):** This document contains important information about Buddy's and the franchise agreement.
3. **Financial Qualification:** You'll need to meet the financial requirements outlined above.
4. **Training:** Complete the comprehensive training program.
5. **Sign the Franchise Agreement:** This legally binding contract outlines the terms of your partnership with Buddy's.

Ready to Learn More?

If you think a Buddy's Home Furnishings franchise could be the right fit for you, reach out to them today!