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Furniture Medic
- Furniture Medic Limited Partnership
- SVM
Memphis, TN 38125-25
- (800) 230-2360 / (901) 597-8600
- (901) 597-8660 (Fax)
- Mr. Chris Beck, Franchise Sales Manager
- [email protected]
FURNITURE MEDIC is a division of The ServiceMaster Company. It is the largest furniture and wood repair and restoration company in the world with over 300 franchises. Furniture Medic has unique products and processes which enable much of the work to be done on-site, reducing costs and saving time for its residential and commercial customers. Financing is provided for the initial franchise fees, start-up equipment and vehicles to qualified candidates through ServiceMaster Acceptance Company.
Franchisor Background
Year Established: 1990
Franchising Since: 1992
Operating Units
| Franchised Units | 361 | 100.0% |
|---|---|---|
| Company-Owned Units | 0 | 0.0% |
| Total Operating Units | 361 | 100% |
Geographic Distribution
| USA | 230 | 63.7% | In 47 States |
|---|---|---|---|
| Canada | 51 | 14.1% | In 0 Provinces |
| International | 80 | 22.2% | In 0 Foreign Countries |
| Total | 361 | 100% |
Multi-Unit Operators
| Multi-Unit Operators | N/A |
|---|---|
| Franchises Owned by Multi-Unit Operators | N/A |
North American Unit Density
| Density | Units |
|---|---|
| Florida | 38 |
| Virginia | 21 |
| Illinois | 18 |
Registered in the following Registration States
California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District of Columbia
Back to TopSupport and Training
General Information
| IFA Member | Yes |
|---|---|
| CFA Member | No |
| Franchisee Association? | Yes, is a member |
| Size of Corporate Staff | 21 |
| Site Selection Assistance |
N/A |
| Lease Negotiation Assistance | No |
| Financial Assistance | Yes, Direct |
Marketing Support
| Co-Op Advertising | Yes |
|---|---|
| National Advertising | Yes |
| Regional Advertising | No |
| Local Advertising | Yes |
Ongoing Support
| Central Data Processing | Included |
|---|---|
| Central Purchasing | Included |
| Field Operation Evaluation | N/A |
| Field Training | N/A |
| Initial Store Opening | N/A |
| Inventory Control | N/A |
| Franchisee Newsletter | Included |
| Regional or National Meetings | Yes, at additional cost |
| 800 Telephone Hotline | Included |
Training
| Memphis, TN | 3 Weeks |
Financial Requirements
Investment
| Minimum Net Worth | $75K |
|---|---|
| Cash Investment | $20-25K |
| Total Investment | $51.6-66.4K |
| Average Total Investment | $59K |
Fees
| Initial Franchise Fee | $29.9K |
|---|---|
| Average Franchise Fee | $30K |
| On-Going Royalty | 7%/$250 Min. |
| Average Royalty | 7% |
| Advertising Fee | 1%/$50 Min. |
Site Information and Requirements
| Average Number of Full-Time Employees | 1 |
|---|---|
| Average Number of Part-Time Employees | 1 |
| Space Needs (in square feet) | None |
| Preferred Site Types | N/A |
| Encourages Conversions | Yes |
| Item 19 (Earnings Claim) Provided? | No |
| Listed in the SBA Registry? | No |
Franchisee Qualifications
| Financial Net Worth | 4 |
|---|---|
| General Business Experience | 4 |
| Specific Industry Experience | 2 |
| Formal Education | 3 |
| Psychological Profile | 3 |
| Personal Interviews | 5 |
Terms of Contract
| Term of Initial Contract | 5 |
|---|---|
| Term of Renewal Period | 5 |
| Passive Ownership? | Allowed |
| Area Development Agreements? |
No |
| Sub-Franchisor Contracts? |
No |
| Franchisees Allowed to Expand Within Territory? | Yes |
Expansion Plans
| Projected New Units Over Next 12 Months | 30 |
|---|---|
| USA | Yes, Most metropolitan markets in US. |
| Canada | Yes, All Canada |
| Overseas | Yes, All Countries |
