Buddy’s Home Furnishings, a retailer specializing in the sales and rental ownership of furniture, electronics, appliances and home accessories, has awarded two locations in Washington. The deal brings the rent-to-own retailers’ footprint to 338 locations operating nationwide.
Business partners Myles McNeal and Jacob Bocook of J&M Franchising will develop the two locations. Bocook said, “Buddy’s has a strong presence in the eastern United States. For us, this is an exciting opportunity to piggyback on a proven concept and pioneer new markets out west—starting with Washington.”
Both McNeal and Bocook are under the age of 35, making them the youngest franchise owners at Buddy’s. McNeal has a blended background in manufacturing and rent-to-own, while Bocook’s prior experience is in construction and general contracting.
“In addition to the earning potential and scalability of the business, we were both attracted to the fundamental benefits of rent-to-own,” said McNeal. “It is a business based on relationships, and there is demand for it in every community. Everyone needs an affordable way to get home necessities, so we need to be there to provide it.”
Since adopting the franchising model in 2009, Buddy’s has established a strong history of multi-unit success, which is why 88% of Buddy’s franchisees own multiple units.
“We’re excited to partner with Myles and Jacob on these two locations,” said Mitchell Lee, Director of Franchise Development at Buddy’s. “They share in Buddy’s goal of growth and service to their respective communities, and I look forward to witnessing their inevitable success.”