Furniture Medic
Furniture Medic
3839 Forest Hill-Irene Rd.
Memphis, TN 38125-2502
800#: (800) 255-9687
Tel: (901) 597-8600
Fax: (901) 597-8660
E-Mail: [email protected]
Web Site: www.furnituremedicfranchise.com
Contact: Mr. David Messenger, VP Market Expansion
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 600 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
Established: 1992
First Franchise: 1992
Franchise Units: 595
Company-Owned Units: 0
Total Units: 595
Distribution:
U.S. -- 420;
Canada -- 71;
International -- 104
-North America -- Operations in 47 States,10 Provinces
-States/Provinces with Greatest Density: 38 in FL, 27 in CA, 22 in VA
Projected New Units Over Next 12 months: 50
Franchisee Qualifications: 4, 4, 2, 3, 3, 5
(Click here for an explanation)
Registered in Following Registration States: All States (Click here for an explanation)
Average Number of Employees: 1 FT, 1 PT (FT = Full Time, PT = Part Time)
Space Needs: NR SF; NA
(Click here for abbreviations)
Encourage Conversion: NA
Financial Requirements
Cash Investment: $15-25K
Total Investment: $37-81.9K
Average Total Investment: $59.5K
Minimum Net Worth: $50K
Fees:
-Franchise: $24.5K
-Average Franchise Fee: $24.5K
-Royalty: 7%/$250 Min.
-Average Royalty: 7.0%
-Advertising: 1%/$50 Min.
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 5/5
Passive Ownership: Not Allowed
Area Development Agreements: No
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: NA
Lease Negotiation Assistance: No
Financial Assistance: Yes(D)
Cooperative Advertising: No
International Franchise Association: IFA MEMBER
Canadian Franchise Association: CFA MEMBER
Franchisee Association / Member: Yes/Yes
Size Of Corporate Staff: 21
On-Going Support: A,B,G,h,I (Click here for an explanation)
Training: 3 Weeks Memphis, TN.
Franchisor's Specific Expansion Plans
U.S.: Most metropolitan markets in US.
Canada: All Canada
Overseas: All Countries
Note: NR = No Response by Franchisor.
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