Buddy's Home Furnishings Franchise

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

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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.Asof July 1, 2015, 103 franchise, 54 company, and 45 partnership storeslocated 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

ABC INC

ABC-CO - NASDAQ

$129.55 USD
+0.25 (+0.20%)
$129.55
$129.55


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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 Franchise Costs

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

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
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

Buddy's Home Furnishings Growth History

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

Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming



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

How much money you could make as a Buddy's Home Furnishings Franchise owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a Buddy's Home Furnishings Franchise owner may include royalty fees, rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.

Initial Investment
$25,000 - $912,594
Initial Franchise Fee
$25,000
Royalty Fee
6%
Advertising Fee
$500/mo.
Buddy's Home Furnishings Franchise Opportunity viewed times by investors.
 

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 recomend that anyone seriously interested in pursuing an Buddy's Home Furnishings franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.