Buddy’s Home Furnishings Recaps First Quarter Franchise Expansion

Buddy’s Home Furnishings, a retailer specializing in the sales and rental ownership of furniture, electronics, appliances and home accessories, awarded 11 new franchise agreements during the first quarter of 2023.

The agreements were awarded to five different operating groups, four of which are new to Buddy’s. Among the new franchise owners are William Hodge and Terry Maddox.

Hodge owns more than 40 restaurants in the Carolinas and Tennessee. He was awarded three Buddy’s locations in Lexington, Asheboro and Salisbury, North Carolina. “The benefits of diversifying my portfolio with Buddy’s are clear,” said Hodge. “Buddy’s business model is resilient to economic shifts and conducive to multi-unit growth, which is important to me as I continue to manage my other investments.”

Maddox is the first-ever veteran franchise owner at Buddy’s and was awarded a territory in Columbia, Tennessee. “We’re honored to welcome Terry as a Buddy’s franchise owner and sincerely thank him for his service,” said Michael Bennett, CEO of Buddy’s.

Since adopting the franchising model in 2009, Buddy’s has established a strong history of multi-unit success, which is why 90% of Buddy’s franchisees own multiple units.

“It’s a great time to franchise with Buddy’s,” said Mitchell Lee, Director of Franchise Development at Buddy’s. “We’re in the business of helping people afford home necessities, and that demand is higher than ever. We look forward to witnessing the impact our new and growing franchise owners will have in these local communities.”

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 335 stores in the United States and Guam. For more information, visit BuddysFranchising.com.