How I Make $70,000/Mo Renting Furniture
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- Опубликовано: 8 июл 2024
- I got the unique opportunity to interview my friend Jerry. He owns 8 Buddy's Home Furnishing stores.
Buddy's focuses on renting furniture and the average store makes around $840k per year.
We talked about how he manages multiple stores, the economics of the business, plus strategies for generating more revenue in your business.
This is an awesome interview filled with tons of golden nuggets.
Sit back, take some notes, and enjoy the video.
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CHAPTERS:
0:00 - Furniture Rental Business Economics
1:01 - Meeting Jerry: Buddy's Home Furnishing Owner
2:45 - Jerry's Journey into Rent-To-Own Business
7:15 - Funding Jerry's Buddy’s Home Furnishing Stores
8:16 - Understanding Rent-To-Own Furniture Business
10:57 - Revenue Generation at Buddy's
14:22 - Please Subscribe
14:34 - Buddy's Home Furnishing Earnings
16:24 - Buddy's Recurring Revenue Strategy
18:19 - Cash Flow Predictability in Furniture Rental
22:13 - Financial Management in Furniture Rental
24:02 - Expansion to Eight Locations
29:00 - Managing Multiple Furniture Rental Stores
29:38 - Insurance in Furniture Rental Business
30:48 - Organizational Structure at Buddy's
32:55 - Entrepreneurial Advice from a Furniture Rental Mogul
34:23 - Success Mindset in Business
This was a great interview. I like how he knew his numbers off the top of his head because many people doing business do not know their numbers at all. More of these please
Yea I was really impressed by that.
I didn't even know this was a business, let alone how much money you could make from them. It's even crazier dude owns 8 👀.
Dope edits btw.
You and me both. I was legit learning during the entire video.
Appreciate the love on the edits. This took 10x longer than any other video by far. 5 different drafts, and knocked of almost 30 minutes of other footage! 🤯
Not tryna be dumb but 70k a month for one store or was that from all 8? I didn’t know how the profit margins worked
The average store location does $70k a month in sales according to their Franchise Disclosure Document
First! Gimmie a dollar 😅
Ayyy! 👏🏽