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Buddy’s Home Furnishings Named Top Franchise Brand for Multi-Unit Owners by Entrepreneur

By: Buddy's Home Furnishings |  1 Shares     204 Reads

One of The Fastest Growing Rent-to-Own Retailers in America Leads Ranking in First-Ever List

August 11, 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 as a 2023 Top Franchise for Multi-Unit Owners. The company ranked No. 47 for its appeal to prospective franchisees interested in multi-unit ownership and existing franchise owners looking to expand their portfolio.

“We’re thrilled to rank highly on this debut list,” said Michael Bennett, CEO of Buddy’s. “Buddy’s franchising model is built for multi-unit owners, which is why 91% of our franchisees own more than one storefront. Over the last six decades, we’ve established an operating model that’s proven itself to be replicable and successful, and that’s what keeps our franchise owners coming back for more.”

According to franchise research and advisory firm FRANdata, 53.2% of all franchise units operating in the U.S. last year were owned by multi-unit owners. To determine the top brands for multi-unit ownership, Entrepreneur asked franchisors a few relevant questions: Do they offer discounts to franchisees purchasing multiple units? What percentage of their franchisees own multiple units? What percentage of their brand’s total units are owned by multi-unit franchisees? What is the average number of units owned by each franchisee? And finally, do they only sell multiple units or master licenses? They also factored in each company’s Franchise 500 score, which is based on an analysis of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial stability.

“Entrepreneur’s lists reflect the state of the franchise industry - and there is perhaps no greater story than the power of the multi-unit franchisee,” says Jason Feifer, editor in chief of Entrepreneur magazine. “The industry is increasingly embracing them as motivated, knowledgeable, capable operators, and it’s no wonder that brands are now competing for these great multi-unit owners’ attention.”

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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