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Below is an in-depth analysis and side-by-side comparison of Furniture Medic vs Allkare Restoration Services 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 | $46,500 - And Up |
Franchise Fee | $33,000 | $17,500 |
Royalty Fee | 7% | 8% |
Advertising Fee | 2% | 3% |
Year Founded | 1992 | - |
Year Franchised | 1992 | - |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | Ideally you need: energy; ability to get on with different types of people; desire to run your own business; happy to put in the hours; interest in the services we provide. Most of our franchisees are either people coming from management looking for an opportunity or have a background in building and want to develop a business. | |
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 | Ongoing support is available from a dedicated team at our head office who can be contacted by telephone or email during normal office hours. |
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) | From experience, for your franchise to be a success you will need to commit all of your time to the business and any distraction from this could damage your prospects. We would not allow another competing business to be run along side the Allkare brand. |
Expansion Plans |
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US Expansion | 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.
The Allkare Property Repair Franchise is designed to be a business in a box so we supply you with everything you need. This is what the basic package includes: *Full training at head office in all systems *Internet Marketing and SEO. You will get a number of web pages created for you, focussed on your franchise areas. These pages will help generate new business targeted to your local area. Your entire first year's Internet marketing is covered by us. *A fully-automated email marketing system that regularly keeps your name and the Allkare brand in front of the customer. As this list grows your business grows.... Automatically 24/7 *A dedicated Sales Manager. You will have someone at head office working on your behalf whose job is to build relationships between you and local Loss Adjusters, Insurance Brokers and Property Management companies. *Business from existing clients. Any work in your area that comes through our call centre comes to you. Plus any national work which you can handle in your area.. *Personal introductions to key local and national clients. Usually insurers and loss adjusters so they know who to come to. This is extremely valuable. *One fully liveried vehicle fully fitted out. *Limited company set up for you with accountancy package and a number of search engine optimised web pages. Plus one year of search engine marketing support (worth �10,000). *Uniforms. *Specialist software for managing insurance claims work. *Business stationery. *Manuals for all operations, healthy and safety and staff recruitment.