
Furniture Medic
Wood restoration, repair, and maintenance- Units as of 2020
-
342 (6 lost in 3 years)1.8%
- 2021 Franchise 500 Rank
-
#346 Ranked #368 last year
- Initial investment
-
$81K - $90K
Company Overview
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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)
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
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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-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresField OperationsProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingMarketing Planning & SupportSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty 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
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Franchise 500 Ranking History
Compare where Furniture Medic landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
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Franchise 500 Ranking
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- Title
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- Role
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