Furniture Medic

Founded: 1992 Franchising since: 1992
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.

ServiceMaster's franchise family also includes franchisors Merry Maids, Terminix and AmeriSpec.

3839 Forest Hill Irene Rd. Memphis, TN 38125

Phone: (800)255-9687

Franchisor is a publicly-held company with 24 employee(s); 9 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2008	279	55	89	0
2007	293	55	89	0
2006	328	54	88	0
2005	352	52	103	0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Outside the U.S.: Asia, Canada, Eastern europe, Western europe

Total investment: $37K-81.9K Franchise fee: $24.5K

Ongoing royalty fee: 7% Term of agreement: 5 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	Yes	No
Startup Costs	Yes	No
Equipment	Yes	No
Inventory	Yes	No
Accounts Receivable	No	No
Payroll	No	No

Qualifications
Net worth requirement: $60K-80K
Cash liquidity requirement: $15K-25K
Business Experience:

• Industry experience
• General business experience
• Marketing skills

Operations

• Franchise can be run from home
• 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)

Training

• Available at headquarters: 2 weeks
• Home study/mentor program : 2+ weeks

Ongoing Support

• Newsletter
• Meetings
• Toll-free phone line
• Internet
• Security/safety procedures
• Field operations/evaluations

Marketing Support

• Ad slicks
• National media

Other marketing support

• Website template

Franchise 500® rank:
#188 (2009); #333 (2008); #271 (2007); #334 (2006); #150 (2005);

Low-Cost Franchises:
#37 (2009); #78 (2008); #68 (2007); #87 (2006); #35 (2005);

Top Home Based Franchises:
#44 (2009); #95 (2008); #73 (2007); #92 (2006); #32 (2005);

America's Top Global Franchises:
#146 (2009); #191 (2007); #104 (2005);