#363
At a Glance
Products & Services: Furniture & wood restoration & repairs
Number of Locations: 354
Total Investment: $51.58K - 66.42K
Founded: 1992
Began Franchising: 1992
Private Owned
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.ServiceMaster's franchise family also includes franchisors Merry Maids, Terminix and AmeriSpec.
Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2011 | 221 | 51 | 82 | 0 |
| 2010 | 249 | 42 | 80 | 0 |
| 2009 | 259 | 51 | 81 | 0 |
| 2008 | 279 | 55 | 89 | 0 |
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Startup Costs, Ongoing Fees and Financing
Total Investment: $51,580 - $66,416
Franchise Fee: $29,900
Ongoing Royalty Fee: 7%
Term of Franchise Agreement: 5 years, renewable
Franchise Fee: $29,900
Ongoing Royalty Fee: 7%
Term of Franchise Agreement: 5 years, renewable
Financial Requirements
Net Worth: $60,000 - $80,000
Liquid Cash Available: $15,000 - $25,000
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).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
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