Buddy's was founded in 1961 in Tampa, Florida with a single goal
in mind: to make appliances in a retail setting more affordable.
Since then, Buddy's has adopted the franchising model and grown its
footprint to approximately 330 stores throughout the U.S. and Guam.
The brand also expanded its product line to include furniture,
electronics and home accessories while offering a new program that
allows consumers to attain ownership of these goods through
affordable payments without the constraints of traditional credit
or financing. Throughout its growth, the company has built its
business one satisfied customer at a time. Buddy's is in the people
business because it believes there's something to be said for
relationships with customers that aren't built on transactions, but
rather, trust.
Buddy's Home Furnishings is the fastest growing rent-to-own
franchise in America and sits prominently in the $11.4 billion
rent-to-own industry. The rent-to-own retailer offers customers
affordable payments on home necessities such as name-brand
furniture, electronics, appliances and home accessories. The
company has a 60-year history of proven success in its industry and
continues to withstand good and bad economies as an essential,
recession-resistant business. Franchise owners receive a 0% royalty
fee the first six months and see an average of 25% in free cash
flow, which is attributed to a unique recurring revenue model in
rent-to-own. Buddy's is growing past its current nationwide
footprint of 330 locations, and 88% of the company's franchisees
are multi-unit owners.
Buddy's offers 100 hours of training which includes two weeks in
the corporate office and stores, followed by a training with the
franchise owner's staff at their store prior to opening. There is
also extensive, ongoing training and support available from Buddy's
operations team via the dedicated Franchise Consultants, a detailed
Operations Manual, and an E-Learning portal.
To invest in a Buddy's Home Furnishings franchise, candidates
must have a minimum net worth of $500,000 and a minimum liquidity
of $150,000. A background in franchising and multi-unit experience
is desirable.