Gotcha Covered vs Furniture Medic Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Gotcha Covered vs Furniture Medic including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Gotcha Covered Franchise
Furniture Medic Franchise
Investment $75,950 - $94,155$80,799 - $90,136
Franchise Fee $64,900$33,000
Royalty Fee $1.35K/mo.7%
Advertising Fee $500/mo.2%
Year Founded 19951992
Year Franchised 19991992
Term Of Agreement 10 years5 years
Term Of Agreement 10 years5 years
Renewal Fee $1K-


Business Experience Requirements
 
Gotcha Covered Franchise
Furniture Medic Franchise
Experience
  • General business experience
  • Marketing skills
  • Good people skills, work well with others

  • Industry experience
  • General business experience
  • Marketing skills
    		•

    Financing Options
     
    Gotcha Covered Franchise
    Furniture Medic Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoYes/No
    Start-up Costs No/NoYes/No
    Equipment No/NoYes/No
    Inventory No/NoYes/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support
     
    Gotcha Covered Franchise
    Furniture Medic Franchise
    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, Grand opening, Internet, Field operations/evaluations, Purchasing cooperativesPurchasing 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 advertisingCo-op Advertising Ad Templates National Media Regional Advertising Social media Website development
    Operations Franchise can be run from home.

    10% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 1 - 5

    Absentee ownership of franchise is allowed. (100% 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
     
    Gotcha Covered Franchise
    Furniture Medic Franchise
    US Expansion -Yes
    Canada Expansion NoNo
    International Expansion YesYes

    Company Overviews

    About Gotcha Covered

    If you are looking for an affordable franchise that offers you a serious income potential and a great lifestyle, Gotcha Covered's all-inclusive franchise system is the solution for you!

    We provide you with ALL the tools you need in a home-based business- all you need is the desire and willingness to work hard for your own success. Our current franchises (where available) are available for just $64,900. We also recommend that you have an additional $10,000-$20,000 in working capital to get your business up and running. Additional territories are offered at discounted rates, and more detailed information regarding your investment can be found in Gotcha Covered's Franchise Disclosure Document (FDD), which we are happy to provide to you. We know once you proceed through the due diligence process with Gotcha Covered, you'll agree that a Gotcha Covered home-based franchise clearly represents one of the best low-cost franchise opportunities available anywhere.


    "Entrepreneur
    #324 in Franchise 500 for 2020.
    #308 in Franchise 500 for 2021.


    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

    "Entrepreneur
    #367 in Franchise 500 for 2020.
    #346 in Franchise 500 for 2021.