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Buddy’s Home Furnishings is one of the fastest growing rent-to-own franchises in America with a 60-year legacy of proven success. Franchise owners benefit from a 0% royalty fee for the first six months and see the cash-flow benefits that are attributed to the unique recurring revenue model in rent-to-own. Approximately 91% of the company’s franchisees are multi-unit owners.
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Liquid capital required
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$200,000
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Net worth required
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$750,000
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Investment
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$375,650 - $797,540
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Franchise fee
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$39,900
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Royalty
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6.0%
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Offers Financing
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Yes
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Veterans Discount
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Yes
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Units in operation
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338
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Founded
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1961
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Franchising Since
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2009
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What is it?
- Buddy’s Home Furnishings is a rent-to-own retail franchise offering customers affordable payments on furniture, appliances and electronics
- Rent-to-own is an essential, recession-resistant industry
- Buddy’s Home Furnishings offers franchise owners a proven business model with 60 years of experience
How does it make money?
- Recurring revenue from lease agreements
- Retail sales
Who is it for?
- Those looking for a franchise with an established system
- Someone who is community- focused with a passion for serving others
- No industry experience is necessary, absentee and semi-absentee or multi-unit owners are welcomed
What would you do as a franchisee?
- Run the day-to-day operations of the retail store
- Hire, train and manage staff
- Manage the finances and bookkeeping
Buddy's Home Furnishings
RENT-TO-OWN RENTAL CENTER
About Us
Buddy’s Home Furnishings offers customers affordable payments on home necessities including name-brand furniture, electronics, appliances and home accessories. The company is one of the fastest growing rent-to-own franchises in America and sits prominently in the $12.6 billion rent-to-own industry.**
What is Rent-to-Own?
Rent-to-own (RTO) is an essential and recession-resistant industry offering customers affordable payments on everyday necessities, which is why RTO annual revenue has steadily increased for decades despite good and bad economies.
The rent-to-own industry gained traction in the 1970s in response to customer demand for acquiring household products without incurring debt or jeopardizing the family’s credit. RTO customers continue to come from all walks of life and share the common desire to have durable goods in their homes without the long-term financial obligations associated with credit sales.
The cornerstone of RTO, and a point of differentiation from traditional retail, is there is no interest, no credit check and customers can return the merchandise at any time for any reason without penalty. This model has become a mainstream hallmark of consumerism spanning industries from car sharing services, to clothing rental subscriptions, technology trade-in programs and so much more.
According to the 2022 Association of Progressive Rental Organizations (APRO) Annual Industry Health Survey, the RTO industry served an estimated total of 4.6 million households in 2020—approximately 1 of every 28 American households rented products from a traditional brick-and-mortar RTO store.
Why Franchise With Buddy's Home Furnishings?
There are many benefits to franchising with one of the fastest growing rent-to-own retailers:
60+ Years of Historical Success: Buddy’s level of expertise and success has only compounded with time. Franchise owners benefit from Buddy’s national brand recognition and the tried-and-true, proven systems refined over decades in RTO.
Impressive Unit Economics: On average, the top 25% of stores see $1,452,318 gross sales and $348,878 cash flow per store.*
Recurring Revenue on Inventory: RTO has a unique recurring revenue model that yields multiple returns on every product.
Business Model Built for Franchising: Approximately 91% of Buddy’s franchisees are multi-unit owners and growing, which is a testament to the company’s systematic, proven approach to establishing and scaling stores.
Community Focused: Buddy’s success is a reflection of the relationships every store develops with its local community. The company culture is to nurture relationships with customers that aren’t built on transactions, but rather, trust.
Contact us today to start your franchise journey with Buddy's!
**This information reflects the Average Gross Sales and Average Free Cash Flow for the Top 25% of Buddy’s Home Furnishings company-owned retail businesses which were in operation for the entirety of the 2023 fiscal year. Of the 34 retail businesses that were in operation for all of 2023, 9 were included in the Top 25% sample set and 3 attained or surpassed the Average Gross Sales and 4 attained or surpassed the Average Free Cash Flow as described above. We refer you to Item 19 of our 2024 Franchise Disclosure Document for additional information. A NEW FRANCHISEE’S RESULTS MAY DIFFER FROM THE REPRESENTED PERFORMANCE. This advertisement is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. Offerings made by prospectus only and in compliance with the applicable pre-sale registration and disclosure requirements in your state. ©2024 Buddy’s Home Furnishings®. All rights reserved.
**Start your franchise journey with Buddy's Home Furnishings. Contact us today!
