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Buddy’s Franchising Benefits
Why should I consider a franchise?
Because it provides you with the best chance for success! I mean think about it over 67% of independent start-up businesses fail within the first three years, with 38% failing in the first year alone.  However, over 90% of franchises remain in business after 5 years as opposed to only 23% of independent businesses.  Why would you go it alone when the odds are stacked against you?
What drives the success of Buddy’s franchising?
It’s all in the recipe!  We like to think of our franchise as that fantastic recipe that your grandmother had for chocolate chip cookies.  We believe it is our job to make sure that you follow our recipe all the way to the very last step.  In our opinion it is the only way that we feel like we can assure your success as a franchisee.
What’s the Recipe?
Great question, I thought you would never ask!  It starts with a proven operating system that we here at Buddy’s have been crafting for over 50 years.  It is followed by support that is second to none – which begins before you ever open the doors and does not end until you decide to call it quits!  But, there is a lot more than that – unfortunately like any great recipe we have to keep it to ourselves until you are part of the family.
What are the financial qualifications for a Buddy’s Franchise?
You will need to have $500,000 net worth with at least $200,000 working capital.
What is the typical square footage for a Buddy’s store?
Our prototypical store is about 6,000 square feet.  But, we are flexible and will consider any optimal store location between 4,000 – 10,000 square feet.
We locate our stores in both stand-alone buildings or in strip centers near major shopping hubs in small, medium and large population markets.
Will I have a protected territory?
Without a doubt, you will represent Buddy’s in your marketplace!  Protected territories are based on population density and depending on whether you are in an urban or a rural market will dictate how large your protected territory will be.
What type of merchandise does Buddy’s carry?
Our name is Buddy’s Home Furnishings, but we carry more than just furniture.  We carry most any big ticket item that a consumer would need for their home.  And our tagline is Buddy’s “Your Brand Name Store”, so the customer knows that when they walk in to one or our stores they are going to get the brands that they know and love! They can get Ashley, LG, Whirlpool, Samsung and we even carry Apple.
Do I have to work full time in the store?
No, although you will need to learn the business up front.  But, after proper training and a complete understanding of the business, the day-to-day in store operations are typically handled by a General Manager.
Can I open more than one store?
Yes, as a matter of fact very few franchisees stop after one. Initially, your net worth and liquidity will determine how many stores you can start with.  However, due to the economies of scale in a multi-unit operation most franchisees intend to own multiple locations.