Furniture Medic Franchise Opportunities
Furniture Medic franchise introduces the business which has been successfully operating on the market from 1992. Furniture Medic franchise gives fine opportunities due to the dedication to providing only quality services for sale. The company offers commercial and residential repair and restoration of furniture, fixtures and flooring. Opening a Furniture Medic wood furniture repair and restoration franchise, the entrepreneur gets access to all the resources and tools of the franchisor. How to start the Furniture Medic franchise? Here is a detailed franchise investment information, including cost and profit calculations, royalty fees, and the requirements for future franchisees.
How to open a Furniture Medic franchise?
- Ensure you have adequate capitalization.
In order to open the Furniture Medic repair and restoration franchise, you must have a net-worth of $100,000.
- Appreciate the investment required for a restaurant franchise.
You will need to consider real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc.
- Evaluate your prior experience and strengths.
You should thoroughly evaluate your prior business experience before applying to become a Furniture Medic repair franchise owner.
- Assess market availability.
You will want to look at the market availability for Furniture Medic franchises and see if there are available markets in your location of interest before proceeding with the franchising application.
- Submit your application.
Your application will be reviewed by the Furniture Medic franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner.
- Receive approval & opening your Furniture Medic franchise.
You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners.
How much does Furniture Medic franchise cost?
Furniture Medic has a franchise fee of $33,000, with a total initial investment range of $81,000 to $90,000.
Initial Investment: $81,000 - $90,000
Net-worth Requirement: $100,000
Liquid Cash Requirement: $30,000
Initial Franchise Fee: $33,000
Ongoing Royalty Fee: 7%
Ad Royalty Fee: 2%
On-The-Job Training: 102 hours
Classroom Training: 111 hours
Additional Training: Home study/mentor program
Number of Employees Required to Run: 1
Furniture Medic Franchise Info: https://www.furnituremedic.com/franchise-opportunities
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