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Updated RecentlyFurniture Medic Franchise
On-site furniture repair and restoration
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.
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How much does it cost to open a Furniture Medic Franchise?
The investment required to open a Furniture Medic Franchise is between $80,799-$90,136. There is an initial franchise fee of $33,000 which grants you the license to run a business under the Furniture Medic name.
Individual Unit Costs
- Initial Investment:
$80,799-$90,136 - Initial Franchise Fee:
$33,000 - Royalty Fee:
7% - Advertising Fee:
2% - Term of Agreement:
5 years
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Furniture Medic News & Press Releases
When did Furniture Medic start Franchising? 1992
United States: Nationwide
International: Worldwide
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | Yes | No |
| Startup Costs | Yes | No |
| Equipment | Yes | No |
| Inventory | Yes | No |
| Accounts Receivable | No | No |
| Payroll | No | No |
Other Financing Source(s): In-house vehicle financing
Training
On-The-Job Training: 97-101 hours
Classroom Training: 61 hours
Additional Training: Home study/mentor program
Support
Purchasing Co-ops
Newsletter
Meetings/Conventions
Toll-Free Line
Online Support
Security/Safety Procedures
Field Operations
Franchisee Intranet Platform
Marketing
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social media
Website development
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)
Business Experience:
To calculate how much income a franchise owner can do at Furniture Medic Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.
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Legal Disclaimer: This information is not a franchise offering for Furniture Medic and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a Furniture Medic franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
Furniture Medic
Furniture Medic
150 Peabody Place, FM-7400
Memphis,
TN
38103-3720