Buddy’s Home Furnishings Welcomes New Multi-Unit Operating Group - Franchising.com

March 30, 2022 // Franchising.com // ORLANDO, Fla. - Buddy’s Home Furnishings will expand its Virginia footprint through an agreement signed with WRE, LLC, an established multi-unit operating group with plans to convert six of their rent-to-own locations to Buddy’s storefronts.
Owned by Robert Smith and Ernie Thompson, WRE, LLC has operated in Virginia since 2002. In 2018, after more than 16 years in the retail industry, the company stepped into the rent-to-own space.
“We both had backgrounds in the furniture and retail industries,” said Smith. “After we went into business together, we saw a real need for alternative financing options in our community, which is how we were introduced to rent-to-own.”
“In the past, balancing backend and operational issues along with merchandising has been a challenge,” said Thompson. “Thanks to the support of the team behind Buddy’s, we’ll now be freed up to focus more on our valued customers and supplying the community with everyday necessities.”
The existing Virginia stores, previously known as Hometown Sales & Leasing, are located in South Hill, Blackstone, Ashland, Smithfield, Kilmarnock, Farmville. The conversions will take place over the next six months.
“This feels like a fresh start for us,” said WRE District Manager Bryan Caulder. “Buddy’s franchise model is the perfect combination of what we’ve been doing and what we’ve been missing. I’m excited to see how much better we can be together and the impact we will have on these communities in Virginia.”
“We couldn’t be happier to go into business with the team at WRE,” said Buddy’s CEO Michael Bennett. “They share our vision for growth, and we’re thrilled to expand our Virginia footprint alongside their dedicated team.”
Buddy’s adopted the franchise model in 2009 and was acquired by Franchise Group, Inc. in 2019. The rent-to-own retailer recently ranked in the prestigious Entrepreneur 2021 Franchise 500 and Franchise Times’ 2021 Top 400 lists. For more information or to inquire about franchising, visit OwnABuddys.com.
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 300 stores in the United States and Guam. For more information, visit BuddyRents.com. 
SOURCE Buddy’s Home Furnishings
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Meghan Stanford
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Buddy’s Home Furnishings is backed by more than 60 years of proven success, is recession resistant and offers impressive unit economics. Several single and multi-unit development opportunities are available and in high demand.

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