Buddy’s Home Furnishings, a dynamic retailer renowned for its furniture, electronics, appliances, and home accessory sales and rental ownership, has achieved the distinguished recognition of being named a 2023 Top Franchise for Multi-Unit Owners by Entrepreneur. In a groundbreaking debut, the company secured an impressive No. 47 ranking on this esteemed list, underscoring its allure for potential franchisees seeking multi-unit ownership opportunities and existing franchise owners aiming to expand their business portfolios.
Michael Bennett, the visionary CEO of Buddy’s, expressed the company’s elation at its remarkable debut on this prestigious list, stating, “We’re thrilled to rank highly on this debut list. 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.”
Amidst a dynamic franchise landscape, data from franchise research and advisory firm FRANdata has revealed that 53.2% of all franchise units operating in the United States last year were under the ownership of multi-unit proprietors. To ascertain the most exemplary brands for multi-unit ownership, Entrepreneur posed pertinent questions to franchisors: Do they provide incentives for franchisees acquiring multiple units? What proportion of their franchisees manage multiple units? What percentage of the brand’s total units are owned by multi-unit franchisees? What is the average number of units per franchisee? Additionally, do they exclusively offer multiple units or extend master licenses? In evaluating each company’s aptitude, Entrepreneur also considered the Franchise 500 score, derived from a comprehensive analysis of over 150 data points encompassing aspects such as costs, size, growth, franchisee support, brand potency, and financial stability.
Jason Feifer, Editor in Chief of Entrepreneur magazine, highlighted the significance of multi-unit franchisees in the industry, affirming, “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. 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 those intrigued by Buddy’s Home Furnishings’ illustrious franchise model and seeking further information or considering franchise opportunities, visit BuddysFranchising.com.
About Buddy’s Home Furnishings
A subsidiary of Franchise Group Inc. (NASDAQ: FRG), Buddy’s Home Furnishings stands as a prominent retailer specializing in the sales and rental ownership of furniture, electronics, and appliances. With a presence spanning more than 335 stores across the United States and Guam, Buddy’s Home Furnishings has firmly established itself as a leading player in the industry. For more insights, visit BuddysFranchising.com.
Source: Buddy’s Home Furnishings. Rewrite using your own words and maintain factual accuracy.
Buddy’s Home Furnishings Earns Top Honors as Premier Multi-Unit Franchise Brand, According to Entrepreneur
August 11, 2023 // Orlando, Florida – Buddy’s Home Furnishings, a dynamic retailer renowned for its furniture, electronics, appliances, and home accessory sales and rental ownership, has achieved the distinguished recognition of being named a 2023 Top Franchise for Multi-Unit Owners by Entrepreneur. In a groundbreaking debut, the company secured an impressive No. 47 ranking on this esteemed list, underscoring its allure for potential franchisees seeking multi-unit ownership opportunities and existing franchise owners aiming to expand their business portfolios.
Michael Bennett, the visionary CEO of Buddy’s, expressed the company’s elation at its remarkable debut on this prestigious list, stating, “We’re thrilled to rank highly on this debut list. 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.”
Amidst a dynamic franchise landscape, data from franchise research and advisory firm FRANdata has revealed that 53.2% of all franchise units operating in the United States last year were under the ownership of multi-unit proprietors. To ascertain the most exemplary brands for multi-unit ownership, Entrepreneur posed pertinent questions to franchisors: Do they provide incentives for franchisees acquiring multiple units? What proportion of their franchisees manage multiple units? What percentage of the brand’s total units are owned by multi-unit franchisees? What is the average number of units per franchisee? Additionally, do they exclusively offer multiple units or extend master licenses? In evaluating each company’s aptitude, Entrepreneur also considered the Franchise 500 score, derived from a comprehensive analysis of over 150 data points encompassing aspects such as costs, size, growth, franchisee support, brand potency, and financial stability.
Jason Feifer, Editor in Chief of Entrepreneur magazine, highlighted the significance of multi-unit franchisees in the industry, affirming, “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. 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 those intrigued by Buddy’s Home Furnishings’ illustrious franchise model and seeking further information or considering franchise opportunities, visit BuddysFranchising.com.
About Buddy’s Home Furnishings
A subsidiary of Franchise Group Inc. (NASDAQ: FRG), Buddy’s Home Furnishings stands as a prominent retailer specializing in the sales and rental ownership of furniture, electronics, and appliances. With a presence spanning more than 335 stores across the United States and Guam, Buddy’s Home Furnishings has firmly established itself as a leading player in the industry. For more insights, visit BuddysFranchising.com.
Source: Buddy’s Home Furnishings
