Buddy’s Home Furnishings Ranked Among The Top Franchises in Entrepreneur Magazine’s Franchise 500®

By: Buddy's Home Furnishings | 0 Shares 123 Reads

January 24, 2024 // Franchising.com // ORLANDO, Fla. - Buddy’s Home Furnishings was recognized as one of the top 500 franchises in Entrepreneur’s Franchise 500®. Buddy’s moved up 12 spots to No. 230 this year for its outstanding performance in areas including unit growth, financial strength and stability, franchise support and overall brand power.

“It’s an honor to move up in the rankings and to be named a top franchise opportunity by Entrepreneur for a third consecutive year,” said Mitchell Lee, Senior Director of Franchise Development at Buddy’s.

In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s ranking formula continues to evolve as well. The editorial team researches and assesses several factors, including costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is then given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500 in ranked order.

“Every brand on the Franchise 500 has its own unique story, but they all collectively make the same statement: Franchising is strong and resilient, is full of innovation and opportunity, and provides a powerful entrepreneurial path for many people,” said Jason Feifer, editor in chief of Entrepreneur magazine. “Our 45th annual ranking is full of companies with fresh ideas, exciting business models, cultural sway, and the kind of business sophistication that will define the next 45 years and beyond.”

SOURCE Buddy’s Home Furnishings

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