|
Below is an in-depth analysis and side-by-side comparison of Furniture Medic vs USA Insulation including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $80,799 - $90,136 | $170,500 - $346,000 |
Franchise Fee | $33,000 | $50,000 |
Royalty Fee | 7% | 5% |
Advertising Fee | 2% | 2% |
Year Founded | 1992 | 1985 |
Year Franchised | 1992 | 2007 |
Term Of Agreement | 5 years | 5 years +5+5+5 |
Term Of Agreement | 5 years | 5 years +5+5+5 |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/No | -/- |
Start-up Costs | Yes/No | -/Yes |
Equipment | Yes/No | -/Yes |
Inventory | Yes/No | -/Yes |
Receivables | No/No | -/Yes |
Payroll | No/No | -/Yes |
Training & Support |
||
Training | On-The-Job Training: 97-101 hours Classroom Training: 61 hours Additional Training: Home study/mentor program | USA Insulation provides an initial 3-4 week training program. There is a mix of classroom learning, practical application and on-the-job training. You will be certified by the best in the business - USA Insulation's Training & Sales team. On-The-Job Training: 32 hours Classroom Training: 32 hours |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform | USA Insulation supports our Franchisees throughout the Franchise process. From Training and Site Selection to Sales and Continuing Education, our support team is there to guide you through the growth of your business. Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media Website development | The sales process starts with marketing and lead generation. We will provide our franchisees with marketing tools including television, radio and print creative, direct mailer pieces and couponing methods. We will also be provide our various proven lead generating programs. In addition, we will provide guidance and expertise on media planning and strategies. Every market is different, so USA Insulation is committed to tailoring a Marketing Campaign to your market's needs. Ad Templates Social media Website development |
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) | The USA Insulation System incorporates lead generation, Sales, Installation, Management, and everything in between. All Franchisees are given an Operations Manual as a ready reference, and support staff is only a call away. Our proven systems for Sales, Installation and Revenue Generation are time-tested and refined by Francorp, one of the Franchise industry leaders. Absentee Ownership Allowed Number of Employees Required to Run: 8 - 12 |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | Yes | - |
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.