Buddy’s Home Furnishings Signs Eight-Unit Deal In Georgia
Reaches Nearly 20 Franchise Deals Statewide In 2021
September 29, 2021 // Franchising.com // Buddy’s Home Furnishings, a retailer specializing in the sales and rental ownership of furniture, electronics, appliances and home accessories, awarded Loren Pierce, PharmD, RPh, with eight franchise locations across Georgia. The agreement adds to Buddy’s recent spike in statewide interest, reaching 16 signed franchise deals in 2021 alone. Once open, Buddy’s will have nearly 40 locations across Georgia.
Pierce is the founder and Chief Executive Officer of Pierce Pharmacy Management, Inc., an entity group comprising more than 20 retail pharmacies, durable medical equipment, drug wholesale and flower shops.
“With shrinking margins in the retail pharmacy environment, I started exploring other synergistic, community-focused retail businesses which led me to Buddy’s,” said Pierce. “As a pharmacist, my mission is to serve my community and to ultimately make it better. This philosophy aligned well with Buddy’s core mission and values, making the franchise opportunity a natural fit for my next venture.”
The new franchised storefronts are scheduled to open over the next three years and planned for the communities of Jackson, McDonough, Covington, Monroe, Winder, Athens and Milledgeville across the state of Georgia.
“This deal allows Buddy’s to bring an affordable way to attain home necessities to eight new communities across Georgia, which is something we can all celebrate,” said Michael Bennett, CEO of Buddy’s. “We’re thrilled to have Loren Pierce on board as our newest multi-unit franchisee. His expertise as a seasoned entrepreneur paired with his commitment to the communities he serves makes him an ideal fit for the Buddy’s team.”
Buddy’s was founded in 1961 as Buddy’s Bi-Rite in Tampa, Florida. Since then, the company rebranded to Buddy’s Home Furnishings as it expanded its product line to include furniture, electronics, appliances and home accessories. The company’s business model allows customers to attain ownership of items through affordable payments without the constraints of traditional credit or financing.
Buddy’s adopted the franchise model in 2009 and was acquired by Franchise Group, Inc. in 2020. This year, the company celebrates 60 years in business and has more than 300 operating stores, 269 of which are franchised locations. For more information or to inquire about franchising, visit OwnABuddys.com.
About Buddy’s Home Furnishings
Buddy's Home Furnishings is a retailer specializing in the sales and rental ownership of furniture, electronics, and appliances. Buddy's has more than 300 stores in the United States and Guam. For more information, visit BuddyRents.com.
SOURCE Buddy’s Home Furnishings
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