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Below is an in-depth analysis and side-by-side comparison of Concrete Raising of America 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 | $34,900 - $249,400 | $80,799 - $90,136 |
Franchise Fee | $34,900 - $42,500 | $33,000 |
Royalty Fee | 4-8% | 7% |
Advertising Fee | - | 2% |
Year Founded | 1947 | 1992 |
Year Franchised | 1993 | 1992 |
Term Of Agreement | 20 years | 5 years |
Term Of Agreement | 20 years | 5 years |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | ||
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/Yes | Yes/No |
Start-up Costs | No/Yes | Yes/No |
Equipment | Yes/Yes | Yes/No |
Inventory | No/No | Yes/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | Bi-annual operator certification by franchisor as well as On-The-Job Training: 40-120 hours Classroom Training: 40 hours | 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 Site Selection Franchisee Intranet Platform | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform |
Marketing | Ad Templates Social media SEO Website development Email marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media Website development |
Operations |
Franchise can be run from home. 11% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 4
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)
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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 | Yes |
Canada Expansion | No | No |
International Expansion | Yes | Yes |
CRC Concrete Raising Corporation has been in the concrete raising business since 1947, educating and training individuals on the fundamental technique of raising and stabilizing concrete in the residential, commercial, industrial, municipal, governmental, and even new construction markets.
In 1995, Concrete Raising of America, Inc. was established with the venue of forming business associations around the United States, and ultimately on an international basis. Since its inception, Concrete Raising of America has actively shared the elements of successful grouting applications, including raising and stabilizing concrete, through its establishment of Franchise locations.
Through years of on-the-job experience and testing, Concrete Raising has worked to provide engineered materials via the most efficient state-of-the-art equipment available. This equipment, including volumetric mobile mixers and hydraulic grout pumps has been further engineered by Concrete Raising of America to increase productivity. All modifications to the equipment used by Concrete Raising of America are proprietary, and only available to CRC Concrete Raising Franchise locations.
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.