Buddy's Home Furnishings Franchise Opportunity
|Total Investment:||$356,170 - $879,317|
United States: AL, AK, AZ, AR, CO, CT, DE, DC, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WY
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:
* 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 2022 fiscal year. Of the 36 retail businesses that were in operation for all of 2022, 9 were included in the Top 25% sample set and 2 attained or surpassed the Average Gross Sales and 3 attained or surpassed the Average Free Cash Flow as described above. We refer you to Item 19 of our 2023 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. ©2023 Buddy's Home Furnishings®. All rights reserved. **Courtesy of APRO.
Looking for more information about Buddy's Home Furnishings? Take a moment to fill out our quick information request form.