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Furniture Medic
#303 Franchise 500| 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

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

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)

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

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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 28th, 2017