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Below is an in-depth analysis and side-by-side comparison of Ace DuraFlo Systems vs Furniture Medic including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $46,200 - $410,100 | $80,799 - $90,136 |
Franchise Fee | $21,900 | $33,000 |
Royalty Fee | 6-8% | 7% |
Advertising Fee | - | 2% |
Year Founded | 1997 | 1992 |
Year Franchised | 2001 | 1992 |
Term Of Agreement | 10 years | 5 years |
Term Of Agreement | 10 years | 5 years |
Renewal Fee | $1K | - |
Business Experience Requirements |
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Experience | ||
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | Yes/No |
Start-up Costs | No/Yes | Yes/No |
Equipment | No/Yes | Yes/No |
Inventory | No/Yes | Yes/No |
Receivables | No/No | No/No |
Payroll | No/No | 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 |
Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media Website development |
Operations |
25% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators) |
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 | No |
International Expansion | Yes | Yes |
Since 1999, ACE DuraFlo has been successfully using its proven system that has saved building owners and homeowners thousands of dollars, while saving occupants the messy, noisy and destructive experience of a repipe. Until now the only effective long-term remedy for encrusted galvanized steel or rust-corroded copper small diameter piping was the expensive and inefficient method of repiping the whole piping system. This meant the nuisance of dirt, noise, and several weeks of being without water. Building owners, homeowners, property managers and tenants are eagerly seeking an alternative to this old fashioned, expensive and frustrating system.
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.