Buddy's Home Furnishings - Franchise
Buddy's Home Furnishings is a lease purchase/rent to own franchise that caters to individuals that are not able to get credit or have had something happen to them and they are not traditionally credit worthy. We offer extensive training and marketing and looking forward to welcoming you to our family!
Requirements
Financial requirements for this franchise:
| Liquid Capital: | $200,000 What does Liquid Capital mean? |
|---|---|
| Net Worth: | $500,000 What does Net Worth mean? |
| Franchise Fee: | $39,900 What does Franchise Fee mean? |
| Total Investment: | $375,650 - $797,540 What does Total Investment mean? |
| Royalty Fee: | 6% |
Options
Options available to franchisees:
| Financing: | Via 3rd party |
|---|---|
| Training: | Available |
| Veteran Discount: | 20% discount on the Initial Franchise Fee |
Franchisor Details
Facts about this franchise:
| Franchise Units: | 328 |
|---|---|
| Home Office: | Tampa, FL |
| Year Founded: | 1961 |
| Franchising Since: | 2009 |
What Does a Buddy's Home Furnishings Franchise Cost?
Interested parties should have at least $200,000 in liquid capital to invest and a minimum net worth of $500,000. Franchisees can expect to make a total investment of $375,650 - $797,540. Buddy's Home Furnishings charges a franchise fee of $39,900. They also offer financing via 3rd party as well as a discount for veterans (20% discount on the Initial Franchise Fee). *
About Us
Buddy's Home Furnishings was founded in 1961 by Mr. Norman "Slats" Slatton. Selling used appliances from his home, Slatton had a dream that one day he would have an appliance store of his own where he could service the demands of growing Tampa. A few years later, Slatton's dreams were realized when he opened his first appliance showroom.
Later on Mr. Slatton realized that a growing number of young families were not able to purchase a new television or appliance because they either lacked good credit or were unable to come up with a large down payment. It was at this time the "Rent to Own" plan was introduced to the bay area.
In 2011, Buddy's was excited celebrated its 50th year as a family owned business. Buddy's Home Furnishings currently has over 120 stores in 11 states and 3 countries!
Products and Services
Buddy's product lines include:
- Furniture
- Audio/Visual Electronics
- Appliances
- Computers
- Jewelry
Buddy's offers name-brand products, ranging from Ashley Furniture and Serta bedding, to Whirlpool appliances, Sony, LG, and Samsung electronics. Products are offered to customers through "rent to own" programs or traditional retail same-as-cash platforms.
Buddy's caters to the "credit challenged" consumer. Benefits to the consumer include any easy application process, no credit checks, and a wide selection of quality merchandise, flexible rent-to-own payment plans, same-day delivery, and no long-term obligation to keep the merchandise.
Training and Support
Training
- Online and Onsite Training Available
- Detailed Manuals
- Specialized Department Training
- Designed to Enhance Store Productivity
Marketing
- In House Agency
- Extensive Marketing Options to Choose From
- Targeted Mailing for Franchises
- Monthly ADVO Opportunities Available
Availability
Buddy's Home Furnishings is currently accepting inquiries from the following states:
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District Of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
Interested parties should have at least $200,000 in liquid capital to invest.
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