Buddy’s Home Furnishings Named One of the Fastest-Growing Franchises of 2023 by Entrepreneur

By: Buddy's Home Furnishings | 1 Shares 163 Reads

March 31, 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 by Entrepreneur magazine as one of the Fastest-Growing Franchises of 2023. The rent-to-own retailer ranked no. 113 for its impressive franchise unit growth in the U.S. and Canada from July 2021 to July 2022.

“It’s an honor to be recognized by Entrepreneur for the second year in a row,” said Michael Bennett, CEO of Buddy’s. “Over the last sixty years, we have continued to grow and better our business, so this ranking is a testament to the strength of our proven franchise model that continues to drive growth—even as a mature company.”

The Fastest-Growing Franchises ranking is based on information submitted to Entrepreneur for its annual Franchise 500® and is part of the brand’s continuing effort to best understand and evaluate the ever-changing franchise marketplace. The ranking appears in the March/April 2023 issue of Entrepreneur. Franchise companies are ranked based on their net U.S. and Canada franchise unit growth from July 31, 2021 to July 31, 2022. (Ties are broken based on percentage growth.)

“Our 2023 Fastest-Growing Franchises ranking recognizes the franchise brands with the greatest growth but also highlights the extraordinary momentum in the industry over the past year. After all, growth is what franchising is all about,” said Entrepreneur Senior Vice President of Franchising Liane Caruso.

Since adopting the franchising model in early 2009, Buddy’s has established a strong history of multi-unit success, which is why 88% of Buddy’s franchisees own multiple units.

For more information or to inquire about franchising, visit BuddysFranchising.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 335 stores in the United States and Guam. For more information, visit BuddysFranchising.com.

SOURCE Buddy’s Home Furnishings

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