- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$80K - $95K
- Units as of 2022
-
195 36% over 3 years
Furniture Medic is a recognized franchise in furniture repair and restoration. Founded in 1992, Furniture Medic has expanded to over 300 locations all around the world, including over 200 in the U.S. and a few dozen in Canada, thanks to the continued demand for furniture restorations and its quality of services.
For decades, Furniture Medic has remained a major company in the furniture business by extending fixture and furniture life through quality, water-based, and chemical-free products that customers have endorsed. They also meet all the governing agencies' standards.
Other services under the Furniture Medic portfolio include precise on-site repairs, structural repair, stabilization, millwork, door and railing restoration, and fire or water damage repair. With Furniture Medic, you can rely on expert technicians committed to quality craftsmanship and attention to detail.
Why You May Want to Start a Furniture Medic Franchise
As a franchisee, partnering with Furniture Medic will allow you to serve with a unique, reliable, and trusted brand working with commercial and residential clients. Besides, Furniture Medic has long-standing relationships with transportation companies, insurance agencies, and manufacturers. These relationships will help you as a franchisee, enhance your business operations, explore new markets, and capture leads.
Furniture Medic has well-placed strategies to address the needs of franchisees. Some of these strategies include expert business and marketing support, a world-class training center with full-time instructors, a technical support hotline, and in-house financial support with the franchise fee, startup costs, equipment, and inventory.
Franchisees will also be supported and trained to ensure you have the business knowledge and technical skills to continue the same seamless customer experience this company is known for. This training involves many hours of online study and a multi-week intensive training at the Furniture Medic Training Center at company headquarters in Memphis, Tennessee. Franchisees also receive a multi-day mentorship program and a post-training support week within six months of completing the initial training.
What Might Make a Furniture Medic Franchise a Good Choice?
Furniture Medic’s furniture renovations and refinishing furniture cost have remained competitive over the years, making it a stable investment. If your net worth and available liquid capital match the brand’s requirements, you may qualify to open a Furniture Medic franchise, and you can get started with an initial investment that will include a franchise fee and other startup costs.
Furniture Medic does not offer direct financing, but its affiliate ServiceMaster Acceptance Company Limited Partnership (SMAC) offers a good portion off the initial franchise fee for seven years if the franchisee qualifies. The commencing franchise term is five years effective from the date of the agreement.
How to Start a Furniture Medic Franchise
The first step in opening a Furniture Medic franchise is to submit an inquiry form. Once the company receives your inquiry and approves of your interest, they may assign you a dedicated brand representative to discuss your business interests with the company.
Next, you will fill out the franchise application, and background check forms. You will then connect with the on-ground team supporting you in the establishment of your business. Once these steps are complete, you may obtain funding through SMAC or any other lender of your choice. Afterwards, you will return your signed franchise agreement, marking your beginning as an official Furniture Medic franchisee.
The final steps with Furniture Medic include completing your training at their training center in Memphis and participating in the Furniture Medic mentorship and post-training programs. Soon customers will be searching for a "Furniture Medic near me."
Company Overview
About Furniture Medic
Industry | Maintenance |
---|---|
Related Categories | Home Repairs/Handyman Services, Miscellaneous Home-Improvement Businesses, Miscellaneous Maintenance Businesses, Home Improvement |
Founded | 1992 |
Parent Company | ServiceMaster |
Leadership | Tim Arpin, VP of Franchise Development |
Corporate Address |
1 Glenlake Pkwy. N.E., #1400 Atlanta, GA 30328 |
Social | Facebook, Twitter, LinkedIn, Instagram, YouTube, Pinterest |
Business Overview
Franchising Since | 1992 (32 years) |
---|---|
# of employees at HQ | 177 |
Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises in the following international regions: Asia, Europe (Western) |
# of Units | 195 (as of 2022) |
|
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
|
$79,995 - $94,700 |
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 |
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: franchise fee, 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 | 62 hours |
---|---|
Classroom Training | 111 hours |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
|
Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
|
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 |
Franchise 500 Ranking History
Compare where Furniture Medic landed on this year's Franchise 500 Ranking versus previous years.
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