Nearly All of Buddy's Franchisees Own Multiple Locations. Why?
As one of the fastest growing rent-to-own franchises in America, Buddy’s Home Furnishings offers many benefits when it comes to franchise ownership, which explains why approximately 88% of Buddy’s franchisees are multi-unit owners—they come back for more! But why? Let’s take a look at the top five reasons and hear directly from Buddy’s franchise owners themselves:
1. The Industry
Rent-to-own (RTO) is an $11.1 billion** essential and recession-resistant industry offering customers affordable payments on everyday necessities, which is why rent-to-own annual revenue has steadily increased for decades despite good and bad economies.
Buddy’s has a 60-year legacy and sits prominently in the rent-to-own industry as the third largest retailer and one of the fastest growing franchises. Owning a Buddy’s means benefiting from the company’s proven systems refined over decades in rent-to-own, while having the reassurance that the rent-to-own industry will be as essential (if not more!) in the future as it is today.
Click here to hear Buddy’s multi-unit owner Alex Melvin discuss the benefits of franchise ownership with an established company in a growing industry—especially during this time of economic uncertainty.
2. Impressive Unit Economics
The numbers say it all. On average, the top 25% of stores see $1,501,500 gross sales and $369,627 cash flow per store.*
3. Recurring Revenue on Inventory
Franchise owners see an average of 25% in free cash flow, which is attributed to the unique recurring revenue model in RTO that yields multiple returns on every product.* RTO customers share the common desire to have durable, name-brand goods in their homes without the long-term financial obligations associated with credit sales. The RTO model has become a mainstream hallmark of consumerism spanning industries from car sharing services, to clothing rental subscriptions, to technology trade-in programs and so much more.
4. Business Model Built for Franchising
Approximately 88% of Buddy’s franchisees are multi-unit owners and growing. This is a testament to the company’s systematic, proven approach to establishing and scaling stores and to the director-level franchise support team that averages 24 years of RTO experience per person. Buddy’s also offers an attractive 0% royalty fee for the first six months and typically ramps up stores in an average of 4-6 months.
Franchise owners directly benefit from Buddy’s Playbook—a tried-and-true manual for owning and operating a success store(s). Hear firsthand from multi-unit owner Ray Muncy by clicking here.
5. Community Focused
Buddy’s success is a reflection of the relationships every store develops with its local community. Our staff is trained to be locally owned and community focused. The company culture is to nurture relationships with customers that aren’t built on transactions, but rather, trust.
Multi-unit owner Jerry Marshall was drawn to the way Buddy’s cares for its colleagues, customers and communities. Click here to hear more of Jerry’s experience.
Want to learn more about franchise opportunities with Buddy’s Home Furnishings? Start by visiting www.BuddysFranchising.com or by connecting with Mitchell Lee, Director of Franchise Development, at Mitchell.Lee@buddyrents.com or (813) 321-0401.
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