Buddy's Home Furnishings charges a royalty fee of 6.0% of gross sales (2024 FDD). This ongoing fee is typically paid weekly or monthly to the franchisor for continued use of the brand and support systems.

The total ongoing fee rate for a Buddy's Home Furnishings franchise is approximately 6.0% of gross sales (2024 FDD). This includes the royalty fee, a $1050/month technology fee, and other recurring charges.

Buddy's Home Furnishings has been involved in 2 litigation cases over the past 3 years (2024 FDD). There are no class action lawsuits pending.

Yes, the Buddy's Home Furnishings franchisor has a bankruptcy filing in their history (2024 FDD). Prospective franchisees should review FDD Item 4 for complete details.

Buddy's Home Furnishings offers exclusive territory rights to its franchisees (2024 FDD). The franchise agreement includes encroachment protection, preventing the franchisor from placing another unit in your territory. Online sales are managed by the franchisor, not individual franchisees.

Buddy's Home Furnishings currently operates 328 locations (2024 FDD) (295 franchised, 33 company-owned). The system contracted by 2.7% over the past year. The 3-year compound annual growth rate is -1.0%.

The 1-year franchisee turnover rate for Buddy's Home Furnishings is 5.3% (2024 FDD). This includes closures, terminations, non-renewals, and transfers. A lower turnover rate generally indicates higher franchisee satisfaction and system stability.

According to the Buddy's Home Furnishings FDD Item 19 financial performance representation (2024 FDD), the median gross sales per unit is $52K (average: $54K).

The initial franchise agreement term for Buddy's Home Furnishings is 10 years (2024 FDD). Franchisees can renew 1 time for 10-year periods. The total potential term is 20 years.

Buddy's Home Furnishings's post-termination non-compete clause restricts former franchisees from operating a competing business for 1 year within 15 miles of the former location (2024 FDD).

Yes, Buddy's Home Furnishings's franchise agreement requires mandatory arbitration for dispute resolution (2024 FDD). The agreement includes a jury trial waiver.

Buddy's Home Furnishings provides 102 hours of initial training over approximately 2 weeks (2024 FDD). The cost of training is covered by the franchisor (travel and lodging are typically the franchisee's responsibility). Ongoing field support is provided on a as-needed basis.

Yes, Buddy's Home Furnishings provides site selection assistance to help franchisees find the right location (2024 FDD). The franchisor also provides technology support and systems.