Furniture Medic
Furniture and wood restoration, repair, and refinishing
Furniture Medic
Furniture and wood restoration, repair, and refinishing
About
Founded
1992
Franchising Since
1992 (26 Years)
Corporate Address
860 Ridge Lake Blvd.
Memphis, TN 38120
CEO
Mary Kay Wegner
Ticker Symbol
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
Online Support
Security/Safety Procedures
Field Operations
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social media
Website development
On-The-Job Training:
97-101 hours
Classroom Training:
61 hours
Additional Training:
Home study/mentor program
Number of Employees Required to Run:
1
Furniture Medic is ranked #303 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
-0.9%-3 UNITS (1 Year)
+8.8%+28 UNITS (3 Years)
Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.
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