About Furniture Medic Franchise
Furniture Medic is a furniture and wood restoration franchise offering repair, refinishing, fabrication, cabinet transformation, re upholstery, and hardwood floor repair services.
The brand relaunched its franchise program in 2023 under TCB Services HoldCo, LLC, serving a diverse client base that includes homeowners, hotels, moving companies, antique dealers, and insurance companies.
The initial franchise fee is $50,000.
Furniture Medic Franchise Cost & Fees
Minimum Investment
$87K
Average Investment
$116K
Maximum Investment
$145K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $50,000 | One-time payment upon signing |
| Royalty Fee | The greater of $250 per month or 7% Gross Sales of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | The greater of $150 per month or 2% of Gross Sales, except that the $150 minimum does not apply to new franchisees for the first 90 days after completion of Initial Training. | National brand fund |
| Total Investment Range | $86,945 – $145,250 | Includes build-out, inventory, working capital |
The investment range of $87K–$145K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (The greater of $250 per month or 7% Gross Sales) and marketing fee (The greater of $150 per month or 2% of Gross Sales, except that the $150 minimum does not apply to new franchisees for the first 90 days after completion of Initial Training.) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $50,000 | $50,000 |
| Training-Related Expenses | $1,700 | $4,200 |
| Initial Supplies, Products, and Equipment | $5,000 | $23,000 |
| Tablet or Smart Phone | $400 | $1,500 |
| Software | $1,200 | $1,500 |
| Computer | $800 | $1,200 |
| Internet Connection | $45 | $150 |
| Insurance | $2,500 | $4,500 |
| Service Vehicle | $2,000 | $5,000 |
| Van Detail Package | $300 | $1,200 |
| Real Estate and Improvements | $0 | $10,000 |
| Initial Marketing | $3,000 | $3,000 |
| Additional Funds – 3 months | $20,000 | $40,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $7,000, except (i) 50% of the standard fee if the transfer is to an owner’s adult child who is at least 18 years of age and (ii) no fee if the transfer is to a spouse of an existing owner. |
| Renewal Fee | Currently $2,000 per Franchise Agreement. |
| Technology Fee | $200 |
| Audit Fee | Cost of audit, including travel, lodging, and wage expense and reasonable legal and accounting costs (Payable only if audit shows greater than 2% variance from reported Gross Sales information. All underpaid or unpaid fees plus interest must be paid.) |
| Local Advertising Spend | 2% of Gross Sales per quarter |
| Late Fee | $50.00 due per delinquent report or payment |
| Interest on Overdue Payments | 1.5% per month on unpaid balances or, if less, the maximum allowable by law |
| Change Fee | $200 per Franchise Agreement. |
| National Accounts Work Order Fee | Currently, $7.50 per completed work order |
| Convention Fee | Typically, $750 to $1,000 |
| Insurance | Our actual cost of premiums |
| MRN Lead Fee | Currently $75 per revenue-producing lead |
| MRN Late fee | $100 |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | approximately 50 hours of Pre-Training Program, a two-week Initial Training program, and one week of Post-Training. |
| Classroom Training | 111 |
| On-the-Job Training | 62 |
| Training Location | Pre-Training and Accounting Software Training are at your location. Franchise Initial Training and Post-Training are at Franchisor’s Training Center, Memphis, TN. |
| Additional Training | Additional training in furniture and wood repair, fabrication, and restoration techniques, cabinet transformation and refinishing techniques, and business operations for Franchised Businesses is available at the franchisor's sole discretion. Franchisees and their agents must complete certain additional training programs, including attending the national convention or a training course for each authorized Franchised Service annually. Fees may be charged for additional training. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Non-exclusive |
| Exclusive Territory | No |
| Description | The Territory is designated by the franchisor in its sole discretion based on population, population density, affluence, geographical terrain, and market potential, using current United States Census Bureau figures or other sources. The Territory will be listed as Exhibit A-1 to the Franchise Agreement. Franchisees may not advertise or solicit outside their Territory, except as allowed by the National Accounts Program or if requested by a customer. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 5 years |
| Renewal Term | additional, consecutive 5-year term |
| Renewal Fee | $2,000 |
| Renewal Conditions | To renew, you must: provide written notice 6-12 months before expiration; execute the then-current Franchise Agreement (which may include an increased Royalty Fee); execute a general release; not have received 4+ material breach notices; satisfy all monetary obligations; agree to operate according to current standards; and pay a $2,000 renewal fee. Failure to sign new agreements within 60 days of term end may result in a 2.5% increase in Royalty Fee. |
| Transfer Fee | $7,000 |
| Transfer Conditions | Transferee must: have business experience and financial ability; assume franchise obligations; complete training; have a service vehicle; and sign the then-current Franchise Agreement. Franchisee must: obtain written consent; be current in all fees; not be in default; pay applicable transfer fee; sign a release; sign a non-compete for the new owner; agree to subordinate installment payments to franchisor fees; replace missing assets; and ensure continuous operations during transition. |
| Termination for Cause | Franchisor can terminate for curable defaults (30 days to cure) such as nonpayment of fees, failure to submit reports, failure to maintain business license, or non-compliance with operational standards. Immediate termination for non-curable defaults includes insolvency, bankruptcy, abandonment (2 months without sales, no business phone, no service vehicle), felony conviction, 4+ material breach notices, unethical business practices, or misuse of trade secrets. |
| Non-Compete Period | During the term of the franchise and for two years following termination or expiration. |
| Non-Compete Details | During the term, you, your principals, partners, and their spouses cannot be involved in a competing business. For two years after termination/expiration, they cannot be involved in a competing business within adjacent counties of the Territory or 75 miles from its outer border. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | You must devote your full time, energy and best efforts to the management and operation of the Franchised Business, except as otherwise approved in writing by us. If personal supervision is not required, a manager who has successfully completed Initial Training and Post-Training must be employed for direct, on-premises supervision. |
| Required Suppliers | You must purchase the products, equipment, and supplies that you use in your Franchised Business from vendors that we approve, or vendors that meet our specifications. You are required to purchase your initial inventory, products, and equipment from a list of approved supplies that we provide you (and which we may update from time to time in our sole discretion) when you purchase your Franchised Business, unless you are an existing Furniture Medic® owner purchasing an additional Franchised Business. |
| Supply Restrictions | Our specifications include standards for customer satisfaction and performance. We impose these restrictions to safeguard the integrity of the System and the Marks. The required purchase of products from designated suppliers or vendors will represent 15% to 25% of your overall purchases in operating a Franchised Business. |
| Franchisor Revenue from Suppliers | We currently receive certain rebates from one of your designated suppliers, Walzcraft, which pays us a 3% commission for sales made to our franchisees. In the year ending on December 31, 2023, we derived $28,535 in revenue from our vendors’ sales of supplies to Franchised Businesses, which is 1.02% of our total revenue of $2,786,615 for the year. In the fiscal year ending December 31, 2023, we did not earn any revenue from the required purchases of our franchisees. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | We do not offer direct or indirect financing. We do not guarantee your note, lease or obligation. We have relationships with certain banks and third-party lenders in different regions and may be able to refer you to a preferred source of financing for Initial Franchise Fees and franchise growth initiatives, but we do not have any arrangements with such lenders and do not receive any benefits from such lenders if you obtain financing from them. |
Furniture Medic Franchise Earnings — Item 19
Average Revenue
$290K
Median Revenue
$81K
Revenue Range
$358 – $6.1M
Sample Size
113 units
Past financial performance does not guarantee future results. Individual results will vary.
Furniture Medic Litigation & Risk Flags
Clean Litigation RecordFurniture Medic has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Furniture Medic System Growth
Total Units
126
Franchised
126
Company-Owned
0
Furniture Medic currently operates 126 franchised locations and 0 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2021 | 9 | 27 | 212 |
| 2022 | 6 | 68 | 150 |
| 2023 | 1 | 25 | 126 |
Transfers: 8 | Closures: 25
State Registrations
Registered in 6 states: California, Maryland, Michigan, Minnesota, New York, Virginia
Franchisor Financials (Item 21)
Revenue
$6.2M
Net Income
$-3,437,797
Total Assets
$27.0M
Audited by Forvis Mazars, LLP (f/k/a FORVIS, LLP) for year ending December 31, 2023.
Furniture Medic Franchise — FAQ
The total investment to open a Furniture Medic franchise ranges from $86,945 to $145,250, per their Franchise Disclosure Document. This includes the initial franchise fee of $50,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Furniture Medic charges a royalty fee of The greater of $250 per month or 7% Gross Sales of gross sales, plus a The greater of $150 per month or 2% of Gross Sales, except that the $150 minimum does not apply to new franchisees for the first 90 days after completion of Initial Training. contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Furniture Medic Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Furniture Medic to ensure you have the most up-to-date version.
According to the Item 19 financial performance representation in their FDD, Furniture Medic franchise owners report average revenue of $290K and median revenue of $81K. This is based on a sample of 113 units. Past performance does not guarantee future results.
Furniture Medic has been franchising since 2023. The FDD shows an investment range of $86,945-$145,250, a The greater of $250 per month or 7% Gross Sales royalty, and includes an Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $50,000 and the total investment ranges from $86,945 to $145,250 depending on location size and market. A minimum of $20,000 in liquid capital is required. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
Similar Cleaning & Restoration Franchises
Interested in Furniture Medic?
Get free info on this franchise. We will send you a detailed FDD report by email.
Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Furniture Medic and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Furniture Medic or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com