Franchise FAQ

is furniture medic a good franchise

by Friedrich Feest Sr. Published 1 year ago Updated 1 year ago
image

Why choose Furniture Medic for furniture repair and restoration?

For furniture repair and wood restoration, you can depend on our expert technicians, their dedication to quality workmanship and attention to detail. Furniture Medic, one of the world's largest wood and furniture repair and restoration companies, has an established reputation for excellence unmatched in the industry.

How many reviews does Furniture Medic have?

Furniture Medic 25 reviews Claimed Cabinetry, Furniture RepairEdit Closed Write a Review Add Photo Share Save Photos & videos See all 53 photos See All 53 Review Highlights “Williamfollowed up with us to make sure we were satisfied, and also let me know not to hesitate if we had any concerns.”in 4 reviews

Where is Furniture Medic located?

FURNITURE MEDIC - 53 Photos & 25 Reviews - Cabinetry - 925 Poinsettia Ave, Vista, CA - Phone Number 25 reviews of Furniture Medic "I was looking for a solution for fixing two office chairs that are fairly new, but as it turns out, fairly poorly crafted that had become wobbly and unstable.

What does a furniture repair company do?

Furniture repair and wood restoration services for commercial property, hospitality, insurance and moving industries including national account services and upholstery repair.

How much does a Furniture Medic franchise make?

How many states does Furniture Medic have franchises?

How many franchise locations do they have?

What does it mean to find the best franchise?

When did they begin franchising?

image

How many Furniture Medic franchises are there?

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.

How do franchise Fees work?

Franchise marketing fees are usually based on your monthly revenue. For instance, if your average monthly revenue is $25, 000, and the franchisor charges a 2% marketing fee, you'll have to pay your franchisor $500. (That's $6, 000 annually.)

What types of assistance does the franchisor give a franchisee?

A franchisor will typically offer the following assistance to franchisees:Financial assistance. Not all franchisors offer financial assistance but some do have financing programs available to franchisees. ... Location selection. ... Training/operations manual. ... Advertising and marketing. ... Ongoing support.

Is franchising a good way to make money?

Buying a franchise might seem like easy money, but those royalties and fees will quickly cut into profit margins. The majority of franchise owners earn less than $50,000 per year.

Is it better to start a business or buy a franchise?

Bottom line, franchises have a higher overall success rate than startups. Franchises operate under a predetermined business model that has already brought success while independent businesses make adjustments and decisions to their business model as they go.

Do franchises pay taxes?

Franchise taxes are paid in addition to federal and state income taxes. The amount of franchise tax can differ greatly depending on the tax rules within each state and is not calculated on the organization's profit. Kansas, Missouri, Pennsylvania, and West Virginia all discontinued their corporate franchise taxes.

What should a franchise offer?

In many instances, a franchisor will offer a support programme that's truly exceptional....There are a few different ways franchisors can ensure their new recruits succeed.Financing. ... Selecting a site. ... Initial training. ... Ongoing Training. ... Guidance, support and assistance. ... Marketing and advertising.

What is an advantage of buying a franchise?

Advantages of buying a franchise You don't necessarily need business experience to run a franchise. Franchisors usually provide the training you need to operate their business model. Franchises have a higher rate of success than start-up businesses. You may find it easier to secure finance for a franchise.

What is the typical franchise fee?

Franchise fees are typically between $25,000 to $50,000 on average. 2) Startup Costs: These are the expenses you'll incur to get your new business open and operating. Initial investment costs vary widely from franchise to franchise.

How does a franchise owner get paid?

How do franchise owners get paid? Franchise owners can pay themselves a salary or depending on their business entity, they may be able to take a draw from their accumulated equity.

What percentage do franchises take?

The average or typical royalty percentage in a franchise is 5 to 6 percent of volume, but these fees can range from a small fraction of 1 to 50 percent or more of revenue, depending on the franchise. Marketing Fees.

Who pays the franchise fee?

Key Takeaways. Franchise fees are any costs that a franchisee must pay to the franchisor to use its brand and resources. These can include large initial payments and ongoing percentages of revenue. The FTC requires an initial fee of at least $500 to consider a franchise agreement valid.

Start a Furniture Medic Franchise, 2022 Costs & Fees

Furniture Medic® Furniture Medic® franchising is a unique business opportunity serving both residential and commercial clients. For 25 years, Furniture Medic has been a trusted partner to moving and transportation companies, insurance agents, furniture manufacturers, retail establishments, and individuals who want to save time and money by restoring—not replacing—their valuable items.

Furniture Medic by Rick Armstrong - Read Reviews - HomeAdvisor

Verify Trade License HomeAdvisor checks to see if the business carries the appropriate state-level license.; Verify Insurance As a part of our screening process, we encourage professionals to carry general liability insurance. We require coverage for hundreds of services. Verification of State Business Filings For business types that require a Secretary of State filing, we confirm that the ...

FURNITURE MEDIC - 14 Reviews - 600 S Bell Blvd, Cedar Park, TX - Yelp

14 reviews of Furniture Medic "Gunnar at Furniture Medics took an old, scratched-up, badly faded wood futon couch base and made it look better than new. After the folks at Furniture Medics restored the piece, the wood had been totally refinished and had a luster and richness that made it look way more expensive than it really was. I have many old pieces (antiques) that have been in the family ...

FURNITURE MEDIC - 53 Photos & 28 Reviews - Yelp

28 reviews of Furniture Medic "I was looking for a solution for fixing two office chairs that are fairly new, but as it turns out, fairly poorly crafted that had become wobbly and unstable. I was trying to figure out how we were going to transport the chairs to wherever I might find to fix them when I found the Furniture Medic who makes "house calls"!!!

Working at Furniture Medic: Employee Reviews | Indeed.com

Reviews from Furniture Medic employees about Furniture Medic culture, salaries, benefits, work-life balance, management, job security, and more.

Company Overview

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.

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.

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

Franchise 500 Ranking History

Compare where Furniture Medic landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Furniture Medic ranked on other franchise lists? Find out below.

What does it mean to join a Furniture Medic franchise?

Joining a network of Furniture Medic franchisees means having access to a wealth of knowledge whenever you need it. Our franchisees share best practices and strategies that continually strengthen our brand across North America.

How many locations does Furniture Medic have?

Furniture Medic has 25 years of experience and there are more than 200 locations in North America and the United Kingdom.

What is a furniture medic?

Furniture Medic is a ServiceMaster ® company. ServiceMaster encompasses several highly recognized brands and has 65 years of franchise experience. Through our affiliate, the ServiceMaster Acceptance Company (SMAC), we can offer attractive financing options. In fact, SMAC can finance up to 80% of the initial franchise fee and the equipment and supplies to help start your business.

Is Furniture Medic a franchise?

Furniture Medic franchising has been recognized in Entrepreneur Magazine’s Franchise 500 ® on numerous occasions. In 2016, Furniture Medic was ranked #360 on the Franchise 500 ® and named #174 in the America’s Top Global franchises.

What is a Furniture Medic franchise?

As a Furniture Medic® franchisee, you’ll have access to the operational support, best practices, industry-leading processes and custom solutions you’ll need to help you develop revenue and increase productivity. That allows you to focus on leading your team of highly-trained technicians as they restore wood, cabinets and furniture of all kinds.

Is a franchise an offer?

The franchise sales information in this website does not constitute an offer to sell a franchise. The offer of a franchise can only be made through the delivery of a Franchise Disclosure Document. Certain states require that we register the franchise disclosure document in those states before offering and selling a franchise in that jurisdiction. NY NOTE: This advertisement is not an offering. An offering can only be made by a prospectus filed first with the Department of Law of the State of New York. Such filing does not constitute approval by the Department of Law Moreover, we will not offer or sell franchises in those states until we have registered the franchise (or obtained an applicable exemption from registration) and delivered the franchise disclosure document to the prospective franchisee in compliance with law. Furniture Medic L.P. Minnesota File No. F7440. Furniture Medic L.P. 150 Peabody Place. Memphis. TN 38103-3720.

What does a Furniture Medic Franchise Cost?

The start up cost to own a Furniture Medic franchise is a minimum liquid capital of 25,000. The total investment is between $80,355 and $90,732. Owners will have access to national accounts and existing customer base for accelerated growth. Furniture Medics also provide marketing and technical support, extensive education, and training programs. Up to 80% financing of the Initial Franchising Fee is available for qualified individuals.

How much does it cost to franchise a furniture medic?

The start up cost to own a Furniture Medic franchise is a minimum liquid capital of 25,000. The total investment is between $80,355 and $90,732. Owners will have access to national accounts and existing customer base for accelerated growth. Furniture Medics also provide marketing and technical support, extensive education, and training programs. Up to 80% financing of the Initial Franchising Fee is available for qualified individuals.

What is a furniture medic?

Furniture Medic is a ServiceMaster® company. ServiceMaster encompasses several highly recognized brands and has 65 years of franchise experience. Through our affiliate, the ServiceMaster Acceptance Company (SMAC), we can offer attractive financing options. In fact, SMAC can finance up to 80% of the initial franchise fee and the equipment and supplies to help start yourbusiness.

What does it mean to join a Furniture Medic franchise?

Joining a network of Furniture Medic franchisees means having access to a wealth of knowledge whenever you need it. Our franchisees share best practices and strategies that continually strengthen our brand across North America.

Can you text on Franchise.com?

By pressing Subscribe Now, you agree that Franchise.com Network and businesses you selected may call/text/email you at the number you provided above, including for marketing purposes related to your inquiry. This contact may be made using automated or pre-recorded/artificial voice technology. Data and message rates may apply. You don’t need to consent as a condition of any purchase. You also agree to our Privacy Policy.

Is a business a good place to work?

good place to work. The business owners are very fair to their employees with rate of pay. They spend a lot of time on training and safety videos and testing

Is Furniture Medic a good place to work?

Furniture Medic was a really nice place to work, it was a small franchise that did repairs at residents homes on site. There would have been a lot of room to move up in the company, if it hadn't gone under. An average day would consist of my calling to confirm orders from major suppliers, also calling and confirming appointments with customers and clients. The most difficult part of this job would be the negotiating price with clients for large commercial jobs.

How much does a Furniture Medic franchise make?

As with any business, profits from a Furniture Medic franchise depend on a variety of factors. Typically, profits are proportionate to the size of investment. Demand for your products, labor costs, commercial lease rates and a number of other variables also play a huge role in your bottom line. For system-specific data, unlock this franchise .

How many states does Furniture Medic have franchises?

Based on 2018 FDD data, Furniture Medic has franchise locations in 44 states. The largest region is the South with 89 franchise locations.

How many franchise locations do they have?

As of the 2018 Franchise Disclosure Document, there are 227 franchised Furniture Medic locations in the USA.

What does it mean to find the best franchise?

Finding the best franchise means comparing several brands to determine the ideal fit for you.

When did they begin franchising?

They began franchising in 1992. The average Home Décor franchise began franchising in 2005.

image

Top Advantages

Image
Whether it’s capturing leads, enhancing operational efficiencies, or exploring new markets, Furniture Medic has proven strategies to address the priorities of franchise owners.Imagine owning a business thathas: 1. National accountswith potential for recurring revenue* 2. A world-class training center with full-time instr…
See more on franchise.com

Franchise Recognition

  • Furniture Medicfranchising has been recognized in Entrepreneur Magazine’s Franchise 500® on numerous occasions. In 2016, Furniture Medic was ranked #360 on the Franchise 500® and named #174 in the America’s Top Global franchises.
See more on franchise.com

Ideal Candidate

  • At Furniture Medic, our franchisees are business-minded, personable individuals with strong management skills and outstanding customer service. They take great pride in educating individuals and businesses about the numerous money-saving ways that furniture and fixtures can be restored quickly, expertly, and onsite.
See more on franchise.com

Training/Support

  • “Education at every level” is our hallmark, which includes 20 hours ofrequired online home study; a two-week, intensive, hands-on training; a post-academy check-in to ensure that technical skills and marketing plans are on target; ongoing mentoring; regional meetings; national conventions; intranet podcasts, and more. Many of our franchisees have no previous woodworking experienc…
See more on franchise.com

Investment

  • Furniture Medic is a ServiceMaster® company. ServiceMaster encompasses several highly recognized brands and has 65 years of franchise experience. Through our affiliate, the ServiceMaster Acceptance Company (SMAC), we can offer attractive financing options. In fact, SMAC can finance up to 80% of the initial franchise fee and the equipment and supplies to help …
See more on franchise.com

About

  • Furniture Medichasover 23 years of experience and there are more than 200 locations in North Americaand the United Kingdom. Furniture repair and wood restoration have experienced steady growth on the rise to the multi-billion dollar industriesthey are today. As our reputation has grown Furniture Medic franchises are now working with insurance companies to help clients who have …
See more on franchise.com

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 1 2 3 4 5 6 7 8 9