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2021 Franchise 500 Rank
#346 Ranked #368 last year
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Initial investment
$81K - $90K
Units as of 2020
342 1.7% over 3 years

Company Overview

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

About Furniture Medic

Industry
Maintenance
Founded
1992
Parent Company
ServiceMaster
Leadership
Aster Angagaw, President
Ticker Symbol
SERV

Franchising Overview

Franchising Since
1992 (29 years)
# of employees at HQ
12
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
342 (as of 2020)

Franchisor Information

Corporate Address
150 Peabody Pl.
Memphis, TN 38103-3720

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Furniture Medic franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$33,000
Initial Investment
$80,799 - $90,136
Net Worth Requirement
$100,000
Cash Requirement
$30,000
Veteran Incentives
20% off franchise fee
Royalty Fee
7%
Ad Royalty Fee
2%
Term of Agreement
5 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing
Furniture Medic offers in-house financing to cover the following: startup costs, equipment, inventory

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
97-102 hours
Classroom Training
111 hours
Additional Training
Home study/mentor program
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Marketing Planning & Support
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
Yes
Can this franchise be run part time?
No
# of employees required to run
1
Are exclusive territories available?
No

Franchise 500 Ranking History

Compare where Furniture Medic landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Furniture Medic ranked on other franchise lists? Find out below.

Ranked #346

Franchise 500 Ranking

Ranked #58

Top Franchises for Less Than $100,000

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021