Franchise Summary
Description
The franchise offered is for the operation of a rent-to-own (also referred to as lease purchase) home furnishings, electronics and appliances business under the name "BUDDY’S HOME FURNISHINGS. "
Company Background
BUDDY'S HOME FURNISHINGS is a family owned and operated rent-to-own company that has been in operation for over 20 years. We offer quality products at affordable prices, with an easy to use layaway program. Our unique business model offers the best of both worlds: the comfort of leasing but without all the hassle and upfront cost.
Franchise Opportunity
Decorating and furnishing your home can be a daunting task, especially if you don't have a lot of money to spend. You want your home to look great, but you don't want to break the bank in the process. BUDDY'S HOME FURNISHINGS can help. We offer quality furniture, appliances and electronics that you can rent-to-own, so you can get the items you need without having to wait or pay a fortune. Plus, our flexible payment options make it easy for you to afford what you want. Come see us today and let us help you furnish your home on a budget!
Corporate Structure
Buddy’s Franchising and Licensing LLC. is a Florida limited liability company formed on June 1, 2009. Their principal business address is 4705 S. Apopka Vineland Road, Suite 206, Orlando, Florida 32819. They commenced offering franchises in January 2010.
Royalties and Marketing Fees
Royalties : 6% of Gross Sales; the Royalty Fee will not be due for the first 6 months after the Retail Business opens
Royalties : Total: Varies but total Advertising Obligation will not exceed 4.5% of Gross Sales paid for the following: Marketing Fee: Will not exceed lesser of $15,000 per year or 2% of the yearly Gross Sales
Earnings Transparency
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Financial Performance of "Standard" Units
Average Revenue Per Unit
Compared vs. Rent-to-Own Retail Industry$848,301 / unit
Franchise Type: Standard
Average Revenue During 2020
Franchise Types Available
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Employee Contact Database
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Distribution of Buddy's Home Furnishings Franchisees
Buddy's Home Furnishings Franchise System Development in 2025
FAQ
How much investment do I need to start my own Buddy's Home Furnishings business?
Franchisees typically require at least $375,650 to $797,540 investment to get their Buddy's Home Furnishings business started
What are the initial franchise fees for Buddy's Home Furnishings?
Franchisees typically need to pay at least $235,550 in fees directly to Buddy's Home Furnishings in order to earn the right to launch their business
How much money can I make with a Buddy's Home Furnishings franchise? What are
the average revenues for a typical Buddy's Home Furnishings business?
We estimate that the average revenue of an individual
Buddy's Home Furnishings unit is approximately
$848,301. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a Buddy's Home Furnishings unit? What
is my contractual commitment?
Buddy's Home Furnishings franchisees are typically required to sign up to a
10 year contract initially. The renewal length
is 10 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$375,650 to $797,540
which is
Lower
than the $0 to $0 average in the Rent-to-Own Retail industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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