Financial Review Franchise Group Inc.
•
Buddy's
Founded: 1961 | Headquarters: Orlando, Florida
Company Overview
• We believe we are the 3rd largest operator of rent-to-own ("RTO")
stores in North America
- 292 stores (~85% franchised)
- Located in 21 U.S. states and territories
Highest percentage of franchised stores in the RTO industry, providing
a potential path to growth without significant capital deployment
- Buddy's refranchising strategy provides a "playbook" for other FRG
business lines
• Our 45 company-operated stores serve as a proving ground for
operational initiatives
• Sources products from large, well-known brands, such as Ashley
Furniture, Sealy, LG, GE, Samsung, Whirlpool, Dell, and HP
Total Addressable Market Consistently
~1/3 of US Population
Credit Score
%, Americans
850
670
66
34
34%
of Americans had a FICO
score below 670 in the
second quarter of 2019,
these consumers are in the
"subprime" category
Q2 2019
Source: Company Information, Fair Isaac Corporation, Experian
FRANCHISE
GROUP INC.
15
Buddy's Locations
9
1
2
10
11
Guam
2
15
11
9 11 21
4
83
53
~Fiscal 2020 Revenue Mix by Merchandise Category
Other
Smartphones 5%
4%
Computer
7%
Appliances
19%
Consumer
Electronics
20%
Furniture
45%
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