Buddy's Home Furnishings Franchise Footprint With Wilmington Store
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Buddy's Home Furnishings Franchise Footprint With Wilmington Store

Buddy's Home Furnishings Franchise Footprint With Wilmington Store

ORLANDO, Fla. — June 14, 2021 — Buddy’s Home Furnishings, a retailer specializing in the sales and rental ownership of furniture, electronics, appliances and home accessories, opened its doors in Wilmington, North Carolina earlier this month, adding to the retailer's nationwide footprint of nearly 300 stores. The franchised location is the fifth store for WRCT Investments, LLC, a Buddy’s development group operating several locations across Georgia and North Carolina. The group has franchised with the company since 2016.

“We are excited to open a new store in Wilmington, a major cultural and economic center of coastal North Carolina,” said Tom Carico, co-owner of Buddy’s Wilmington. “We chose to franchise with Buddy's because of the company’s established, flexible business model and supportive franchise team that made it possible for two doctors to understand a completely new business and industry.”

Carico co-owns the new location with Ricky Wolfe, but this is not the first business venture for the two. Dr. Carico and Dr. Wolfe are surgical pathologists specializing in gastrointestinal and urological pathology, respectively. They have been in practice together since 1996.

“We’re proud to offer the Wilmington community an affordable way to attain home necessities,” said Kevin Bessette, Director of Operations of Buddy’s Wilmington. “Buddy’s culture is centered around the community, so we look forward to growing relationships with our customers, establishing partnerships with local organizations and positively impacting the lives of Wilmington beyond our four walls.”

Buddy’s was founded in 1961 as Buddy’s Bi-Rite in Tampa, Fla. 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. 

“It is amazing to see how Buddy’s has continued to expand over the last 60 years, especially through franchising,” said Michael Bennett, CEO of Buddy’s. “On behalf of our home office team, we warmly welcome the Wilmington location to the Buddy's family.”

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 nearly 300 operating stores, 250 of which are franchised locations.

“The WRCT team continues to be a valuable franchise partner of Buddy’s,” said Mitchell Lee, Director of Franchise Development. “They’ve equipped a strong local team to introduce Buddy’s to the Wilmington market and to serve the local community. I look forward to witnessing their success.” 

Buddy’s Home Furnishings in Wilmington, N.C. is located at 1925 Oleander Dr., Ste. B and is open Monday through from 10 a.m. to 7 p.m. and Saturdays from 10 a.m. to 6 p.m. For more store information, visit BuddyRents.com, or to inquire about franchising, visit www.OwnABuddys.com

Buddy’s Media Contact: Kellie Merritt PR Account Lead, See.Spark.Go, kellie.merritt@seesparkgo.com , (678) 372-4849

Franchise Group Contact: Andrew F. Kaminsky, EVP & Chief Administrative Officer, Franchise Group, Inc., akaminsky@franchisegrp.com, 914) 939-5161

 

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 nearly 300 stores in the United States and Guam. For more information, visit BuddyRents.com

About Franchise Group, Inc. 

Franchise Group, Inc. (NASDAQ: FRG) is an owner and operator of franchised and franchisable businesses that continually looks to grow its portfolio of brands while utilizing its operating and capital allocation philosophy to generate strong cash flow for its shareholders. Franchise Group’s business lines include Pet Supplies Plus, American Freight, The Vitamin Shoppe, Buddy’s Home Furnishings, and Liberty Tax Service. On a combined basis, Franchise Group currently operates over 4,600 locations predominantly located in the U.S. and Canada that are either Company-run or operated pursuant to franchising agreements.

SPONSORED BY:
Buddy's Home Furnishings
Buddy’s Home Furnishings is backed by more than 60 years of proven success, is recession resistant and offers impressive unit economics. Several single and multi-unit development opportunities are available and in high demand. Learn More

Published: June 23rd, 2021

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