Furniture Medic
#368 Franchise 500| Wood restoration, repair, and maintenance

About
Founded

1992

Franchising Since

1992 (28 Years)

Corporate Address

150 Peabody Pl.
Memphis, TN 38103-3720

Leadership

Aster Angagaw, President

Parent Company

ServiceMaster

Ticker Symbol

SERV

Financial Requirements
Initial Investment

$80,799 - $90,136

Net-worth Requirement

$100,000

Liquid Cash Requirement

$30,000

Ongoing Fees
Initial Franchise Fee

$33,000 - $33,000

Ongoing Royalty Fee

7%

Ad Royalty Fee

2%

Financing Options

Furniture Medic offers in-house financing to cover the following: franchise fee, startup costs, equipment, inventory

Veteran Incentives

20% off franchise fee

Support Options
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

Social media

SEO

Website development

Email marketing

Loyalty program/app

On-The-Job Training:

97-102 hours

Classroom Training:

111 hours

Additional Training:

Home study/mentor program

Number of Employees Required to Run:

1

Furniture Medic is ranked #368 in the Franchise 500!
Bio
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.
Cost
Initial Investment: Low - $80,799 High - $90,136
Units
-3.2%-11 UNITS (1 Year) -3.7%-13 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units worldwide.

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: September 19th, 2020