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Updated RecentlyFurniture Medic vs Floods4Less Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Furniture Medic vs Floods4Less including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $80,799 - $90,136 | $155,111 - $238,210 |
| Franchise Fee | $33,000 | $28,500 |
| Royalty Fee | 7% | 8.5% |
| Advertising Fee | 2% | $200.00 per week or 3.5% |
| Year Founded | 1992 | - |
| Year Franchised | 1992 | - |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | *A strong work ethic and desire to succeed *Excellent customer service skills *Sales experience *Financial requirements to launch and sustain the business *Hold, or be able to obtain, the necessary contractor's license | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/No | -/- |
| Start-up Costs | Yes/No | -/- |
| Equipment | Yes/No | -/- |
| Inventory | Yes/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | On-The-Job Training: 97-101 hours Classroom Training: 61 hours Additional Training: Home study/mentor program | We will provide the training you need to be successful in every aspect of running your Floods4Less business. |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform | Once you are operational, you can rely on on-site and remote support, plus ongoing developments in new products, services and trends. |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media Website development | We will provide cost effective and targeted materials you need to get the Floods4Less name and brand in front of insurance companies, homeowners and other potential clients. Our name and reputation are yours to leverage as you endeavor to be included on the preferred vendor lists used by local insurance professionals and individual policy holders. |
| Operations |
Franchise can be run from home. International franchisees required to buy multiple units/master licenses; 40% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About Furniture Medic
Joseph Lunsford wasn't looking to start a business when he moved into a new home and realized that several pieces of his furniture had been damaged in transit, but start one he did. He founded Furniture Medic in 1992 in response to his dissatisfaction with the long turnaround time that was common with most refurnishing shops. In 1996 Furniture Medic was acquired by ServiceMaster and has since grown to more than 600 locations throughout the United States, Canada and Europe.
Veteran Incentives 20% off franchise fee
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#367 in Franchise 500 for 2020.
#346 in Franchise 500 for 2021.
About Floods4Less
An extraordinary business opportunity
As a Floods4Less franchise owner, you will have the opportunity to participate in the multi-billion dollar disaster restoration industry. It is an industry that has proven to be recession-resistant with substantial upside potential for future growth.
Your all-inclusive franchise package will include:
*Comprehensive training.
*Personalized support.
*Exclusive business operating system technology:
*Our proprietary Floods4Less Hub Management System is a centralized online web-tool that records all leads and stores information on all phases of projects. Homeowners, insurance adjusters, property managers and facility managers may access it to expedite service, check on job status and more. It ensures the best possible service and facilitates your open communication with clients. Franchisees also have access to exclusive Floods4Less Hub Management System programs to help simplify marketing and prospecting activities.
*Increase your cash flow and watch your Floods4Less business grow through our intuitive Hub Management System.
*Stay in control of your financial information with the Hub Management System Accounting Package.
*Attract new clients and retain the ones you already serve with the Hub Management System Marketing and Communication services. Our marketing programs are integrated with our Hub Management System software for easy prospect tracking, increased conversion ratios, and higher marketing success rates.
*A proprietary operations manual: You will have access to this valuable operating tool, detailing established standards and procedures, with periodic updates, that help guide your efficient daily business operations, both when you launch your business and for the term of your franchise.
*A state-of-the-art call center: Our professionally-trained staff fields calls through a central toll-free number, gathers the sales lead information, and then appropriately routes calls to local franchisees.
*Assistance with site selection: We will provide guidelines for finding an appropriate warehouse and office, typically 2,000 square feet of space. We will work with your local real estate broker to negotiate the most advantages lease terms on your behalf.
*Vehicle guidelines: You will have our specifications for a branded van to accommodate the water extraction system, equipment and personnel.
*Marketing assistance.
Our name and reputation are yours to leverage as you endeavor to be included on the preferred vendor lists used by local insurance professionals and individual policy holders.
*Purchasing discounts: You will benefit from relationships to get unmatched prices on the best possible products and equipment for water extraction, drying and deodorizing, as well as rebuilding and restoring.
*Life, disability and health insurance for Franchisees: We will assist you to obtain the life, dental, disability and health insurance benefits you require.
*Performance and surety bonds: We will assist Franchisees to obtain the surety bonds needed to secure lucrative insurance and government contracts. This would include assistance to obtain a bond to satisfy your licensing requirements for the Contractors State License Board in your state.