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Updated RecentlyFurniture Medic vs Home Owners Club of America Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Furniture Medic vs Home Owners Club of America 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 | $85,000 - $110,000 |
| Franchise Fee | $33,000 | $50,000 |
| Royalty Fee | 7% | - |
| Advertising Fee | 2% | - |
| Year Founded | 1992 | 1993 |
| Year Franchised | 1992 | 1999 |
| 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 | - |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform | * Computer Software Package, custom designed for the operation of HOCOA * Specified Territory * Marketing Plan * Computer Training Manual * Operations Manual * Artwork and use of Recognized Logo * Support Services * Training Seminar * Annual Franchise Seminar * Webpage and link to the Corporate Site |
| 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 | - |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
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
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About Home Owners Club of America
Homes Owners Clubs of America opens a "door of a different color, size, and style." and offers an unusually distinctive meaning to the phrase "making a living!" Do you want the financial security of a generous income minus the corporate backdrop and employee headaches? Are you looking for more flexibility in your work schedule or income upon retirement? Do you enjoy helping others? If you answered positively to these question, then a HOCOA franchise could be an attractive opportunity for you.
What AAA does for automobiles, we do for homes. We match the customer's requested service with our best certified contractor. Our Home Repair Network franchise opportunity has contractors with outstanding references, insurance, and any required licenses. Our approved contractors join the network by invitation only. They cannot pay to join us. After making a request for service, customers receive a service call from a contractor within an hour. We follow up to verify that the work was completed to the customer's satisfaction.
Contact us today to get plugged into this exciting new marketing concept.