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Below is an in-depth analysis and side-by-side comparison of Furniture Medic vs PermaCrete including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $80,799 - $90,136 | $1,000 - And Up |
Franchise Fee | $33,000 | N/A |
Royalty Fee | 7% | 0 |
Advertising Fee | 2% | - |
Year Founded | 1992 | 0 |
Year Franchised | 1992 | 0 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 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/No | -/- |
Start-up Costs | Yes/No | -/- |
Equipment | Yes/No | -/- |
Inventory | Yes/No | -/- |
Receivables | No/No | -/- |
Payroll | 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 | All new Dealers may register to take the Free Surface Installation Video Course online, and then continue to use the course & test materials to train and retrain your installers. |
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 | - |
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) | - |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | Yes |
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.
PermaCrete continues to expand its successful Dealer Program throughout the world to enhance consumer acceptance of the many types of PermaCrete applications in the residential and commercial marketplace. By responding to an ever-changing world of innovation and product improvements, Quality Systems, Inc. (QSI) has designed PermaCrete to fill an existing void in the worldwide surface-applications market. There are many benefits to joining the PermaCrete team: *Unlimited Market: Whether new construction or old damaged surfaces, PermaCrete is needed. *Manufacturer Supplied Leads: PermaCrete passes on all project leads to it's Dealer network daily. *Training: Attend free product demonstration class, or View surface installation video course. *On-Site Advisors: Factory Installers available to help on-site with projects. *High Earnings Potential: Great profit margins and high installation demand. *Code Compliant: PermaCrete is an ICC-ES code-compliant polymer concrete surface product. *Tested and Warranted: 10 year limited product warranty.