March 27, 2024 // Franchising.com // ORLANDO, Fla. - Buddy’s Home Furnishings has opened a new location in Arcadia, Florida.
The location is owned by Ben Pou of TPGBHF. This is the fourth store opening for the operating group that will develop 14 locations across Central Florida. Signed in November of 2022, the development agreement marked Buddy’s largest deal in the state.
“I am the fifth generation of furniture retailers in my family and proud to continue that legacy as a franchise owner with Buddy’s,” said Pou. “I’ve spent my whole life in Central Florida, so I know the region like the back of my hand. There is an opportunity for a Buddy’s in Arcadia, so we’re thrilled that our doors are now open to serve customers in need of affordable home necessities.”
TPGBHF opened three locations in 2023.
“Arcadia is just one of the many communities that will benefit from TPGBHF’s vision for Central Florida,” said Mitchell Lee, Senior Director of Franchise Development at Buddy’s. “Ben’s expertise in the industry makes him a strong leader, and he has surrounded himself with a talented team. We’re excited to support them as they continue to open stores in the state.”
SOURCE Buddy’s Home Furnishings
Buddy's is one of the fastest growing rent-to-own franchises in America with 60 years of proven success. Franchise owners enjoy a 0% royalty fee the first six months and an average of 24% in free cash flow, thanks to recurring rent-to-own revenue.