Buddy’s Home Furnishings Ranked Among The Top Franchises In Entrepreneur’s Highly Competitive Franchise 500®
January 18, 2023 // Franchising.com // ORLANDO, Fla. - Buddy’s Home Furnishings, a retailer specializing in the sales and rental ownership of furniture, electronics, appliances and home accessories, was recognized as one of the top 500 franchises in Entrepreneur’s Franchise 500®, the world’s most comprehensive franchise ranking. Buddy’s was ranked No. 242 for its outstanding performance in areas including unit growth, financial strength and stability, franchise support and overall brand power.
“It’s an honor to be named a top franchise opportunity by Entrepreneur for the second consecutive year,” said Mitchell Lee, Director of Franchise Development at Buddy’s. “There’s a reason why 88% of our franchisees own multiple units and keep coming back for more—it’s all about the unlimited growth potential. We have the formula and support to be successful as a single or multi-unit owner, which makes Buddy’s one of the best choices when it comes to franchising.”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 44-year-old ranking formula continues to evolve as well. The editorial team researches and assesses several factors that go into the evaluation including costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
“The past year underscores the extraordinary opportunities that the franchise industry presents for entrepreneurs of all levels,” says Entrepreneur editor in chief Jason Feifer. “The companies named to our 44th annual Franchise 500 list represent some of the most innovative, creative, and trusted brands across many industries and highlight what it takes to build the kind of momentum that drives long-lasting success.”
Over its 44 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Buddy’s position on the ranking is a testament to its strength as a franchise opportunity.
To view Buddy’s Home Furnishings in the full ranking, visit entrepreneur.com/franchise500. Results can also be seen in the January/February 2023 issue of Entrepreneur, available on newsstands January 17th. For more information or to inquire about franchising, visit OwnABuddys.com.
About Buddy’s Home Furnishings
Buddy's Home Furnishings, a subsidiary of Franchise Group Inc. (NASDAQ: FRG), is a retailer specializing in the sales and rental ownership of furniture, electronics, and appliances. Buddy's has more than 325 stores in the United States and Guam. For more information, visit BuddyRents.com.
SOURCE Buddy’s Home Furnishings
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