Furniture Medic
#233 Franchise 500| Furniture and wood restoration, repair, and refinishing
My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

About
Founded

1992

Franchising Since

1992 (27 Years)

Corporate Address

150 Peabody Pl.
Memphis, TN 38103-3720

CEO

Mary Kay Wegner

Parent Company

ServiceMaster

Ticker Symbol

SERV

Financial Requirements
Initial Investment

$80,355 - $90,732

Net-worth Requirement

$100,000

Liquid Cash Requirement

$25,000

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:

102 hours

Classroom Training:

111 hours

Additional Training:

Home study/mentor program

Number of Employees Required to Run:

1

Furniture Medic is ranked #233 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 - $80,355 High - $90,732
Units
+0.3%+1 UNITS (1 Year) +2.0%+7 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units worldwide.
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

Franchise Articles

5 of the Best Fitness Franchises You Can Buy in 2019

Here are five gym and workout businesses that you can invest in.

How to Buy an Existing Franchise (60-Second Video)

Here are three strategies for buying an existing franchise rather than starting from scratch.

This Franchise's Publicist Loved the Company So Much, She Became a Franchisee

After years representing franchises, Ellie Lamonaca fell hard and fast for Conserva Irrigation.

Some Do's and Don'ts for a Franchise to Become Successful

While the model and market are rapidly evolving with time, there are certain do's and don'ts that still remains and means the same for business investors

After Fleeing Vietnam at 20, This Entrepreneur Built A Thriving Education Franchise

Hao Lam learned the power of persistence at a young age, and used it to create Best In Class Education, a franchise with 59 locations across the country.

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 26th, 2018