Key Highlights:
- Buddy’s Home Furnishings has signed 70 franchise agreements in 2021.
- The company has been ranked on Entrepreneur’s 2021 Franchise 500 list.
- Buddy Home Furnishings also welcomed 22 new franchise locations.
Buddy Home Furnishings has recorded a successful 2021 tenure. The retailer has specialized in the sales and rental ownership of furniture, electronics, appliances, and home accessories and opened 22 new franchise locations. In 2021 the company has signed 70 franchise agreements.
Buddy Home Furnishings has always had a strong foothold with multi-unit success. The company has 88% franchisees operating at two or more locations. Buddy Mac Holdings and Pentex, have expanded this year signing additional 18 units and 20 units respectively. These new stores bring Buddy Mac Holdings and Pentex’s nationwide footprint to 77 and 82 stores respectively.
The CEO of Buddy’s Home Furnishings, Michael Bennett has commented on the growth, “It was an incredible year for Buddy’s. Between our devoted existing franchisees expanding their portfolios and adding new entrepreneurial-minded individuals to our family of franchise owners, we’re looking forward to building on that success in 2022 and planting more Buddy’s stores in communities across North America.”
Buddy Home Furnishing wins recognitions
Buddy Home furnishings has been ranked on Entrepreneur’s 2021 Franchise 500 and Franchise Times’ 2021 Top 400 Lists. Michael has also been elected as the First Vice President of the APRO executive committee for the 2021-22 years.
Buddy Home Furnishing has celebrated its 60th anniversary in 2021 and now is all set to open its first store, Buddy’s Bi-Rite in Tampa, Florida. The company has further expanded and rebranded into Buddy’s Home Furnishings to include furniture, electronics, appliances, and home accessories.
Buddy’s franchise system
The Buddy franchise business model allows the customers to attain ownership of items through cost-effective payments without the constraints of traditional credit or financing. The company adopted the franchise model in 2009 and was acquired by the Franchise Group, Inc. in 2020.
Buddy’s Home Furnishings is a subsidiary of the Franchise Group, Inc. It is a retailer specializing in the sales and rental ownership of furniture, electronics, and appliances. Currently, the company has over 300 stores in the U.S. and Guam.
