Buddy’s Home Furnishings Awards Three Locations To Alex Melvin and MTM Ventures In The Carolinas

Melvin began franchising with Buddy’s in 2014 when he opened his first store in Hendersonville, N.C. He quickly expanded, opening additional locations in Shelby and Lincolnton, North Carolina and in Greenville, Spartanburg, Anderson and Greenwood, South Carolina. His eighth location in Asheville opened in May and booked close to 20 customers before the grand opening. After two weeks, Asheville now has a total of 71 customers. Additionally, Buddy’s awarded MTM Ventures two more locations to develop in the Carolinas earlier this year.

“I’m going to grow with Buddy’s as long as I’m able to,” said Melvin. “I’ve explored many franchising opportunities throughout my career and none compare to Buddy’s turnkey model and dependable support. I wanted to buy a business, not a job, and I’ve found that here.”

“Alex has been a valuable part of the Buddy’s family for many years,” said Mitchell Lee, Director of Franchise Development at Buddy’s Home Furnishings. “He knows this business inside and out and has worked hard to establish a strong foothold in the Carolinas.”

Since adopting the franchising model in early 2009, Buddy’s has established a strong history of multi-unit success, with 88 percent of all Buddy’s franchisees operating two or more locations.

“Alex has demonstrated how easy it is to scale our Buddy’s franchise model,” said Buddy’s CEO Michael Bennett. “The residents of Asheville are in good hands with Alex and his team, and we look forward to continuing our work together to bring an affordable way for customers to attain home necessities.”

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 325 stores in the United States and Guam. For more information, visit BuddyRents.com.