Furniture MedicFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Furniture Medic franchise requires a total initial investment of $87K – $145K, including a $50K franchise fee. Per the 2024 FDD, average unit revenue was $290K[2]. SBA 7(a) loans show a 13.3% charge-off rate across 19 loans[1]. Verdict grade: B. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2024 FDD issuance
Overview
- Investment
- $87K – $145K
- 27th pct Cleaning & Ma…
- Avg gross sales
- $290K
- 6th pct Cleaning & Ma…
- Royalty
- N/A
- Units
- 124
- 66th pct Cleaning & Ma…
- SBA default
- 13.3%
- system-wide median varies by category
Quick verdict · Cleaning & Maintenance · color = vs category peers
Green = >15% above Cleaning & Maintenance avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Started franchising in 2023. Newer systems carry more uncertainty but may offer better territories.
The system contracted 16% year-over-year. Investigate why units are closing.
Bottom line
- Total investment $87K – $145K including a $50K franchise fee.
- Average unit revenue of $290K/year (median $81K).
- Verdict B (Above Average) with a risk score of 56/100. SBA loan charge-off rate of 13.3% across 19 loans (above the 16% franchise average, based on all SBA 7(a) franchise lending, 2010–2024).
- System contracting at -24.8% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- TCB FURNITURE MEDIC, LLC
- Parent company
- TCB Services HoldCo, LLC
- Incorporated in
- DE
- HQ
- 57 Germantown Ct. Suite 201, Cordova, Tennessee 38018
- Auditor
- FORVIS, LLP
- Audited financials
- Franchisor revenue
- $6.2M
- Most recent fiscal year
Overview
About
Franchisees operate mobile furniture repair and restoration services, traveling to customer locations to repair, refinish, and restore furniture. Day-to-day work involves customer acquisition, on-site diagnostics, repair execution (wood finishing, upholstery, structural repairs), and invoicing. The model relies on local marketing, repeat business, and word-of-mouth referrals in a fragmented, low-barrier-to-entry market.
- CEO
- Chris Gammill
- Headquarters
- TN
- Founded
- 2023
- FDD year
- 2024
- States available
- 33
FDD Item 7 · 2024 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $50K | $50K |
| Working capital (3–6 mo) | $20K | $40K |
| Equipment, build-out, other | $17K | $55K |
| Total initial investment | $87K | $145K |
Source: Furniture Medic 2024 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$29K
10.0% margin
Unlevered ROIC
20%
EBITDA / total invested capital
Payback
5.0 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $87K – $145K
- Better than avg vs category
- Liquid capital req'd
- $20K – $40K
- Near category avg vs category
- Franchise fee
- $50K – $50K
- Near category avg vs category
- Royalty
- The greater of $250 per month or 7% Gross Sales
- Ad fund
- The greater of $150 per month or 2% of Gross Sales
- Total fee load
- 9.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty (flat) | greater of $250 per month or 7% Gross Sales |
| Technology fee | $200 |
| Training fee | $450 |
| Transfer fee | $7K |
| Renewal fee | $2K |
| Total fee load | 9.0% of rev |
Financial Performance
- Avg gross sales
- $290K
- Per unit, per year
- Median gross sales
- $81K
- Item 19 type
- Historical Owner Results
- Sample size
- 113 units
- vs category median 31 · large
- Range (low → high)
- $358→$6.1M
- Cohort dispersion (min → max)
- Transparency
- 4 / 5
- vs category median 4 / 5 · typical
Compared against 204 Cleaning & Maintenance brands
vs Cleaning & Maintenance averages
How Furniture Medic Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 124
- Opened
- 1
- Last reporting year
- Closed
- 17
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (yr3)
- -15.6%
- Net unit change last year
- 3-yr CAGR
- -24.8%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 6
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 20 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
A system losing more than 10% of its units year-over-year is a red flag. Check whether closures are concentrated in specific regions.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 19
- Loan volume
- $3.9M
- Median loan
- $75K
- 50th percentile
- Charge-off rate
- 13.3%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 85.7%
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 14
- Defaults
- 2
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Furniture Medic's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 10 lenders with concentration factor
- Per-state charge-off rates across 11 states
- Startup risk premium and job creation velocity
- 12-year lending trend
- SBA 504 real estate/equipment data
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Furniture Medic presents HIGH RISK: a contracting franchise system with hidden profitability metrics, unprotected territories, and royalty structures that may exceed actual franchisee margins.
Litigation (Item 3)
Three cases involving affiliated franchise companies (Arby's Restaurant Group, Inc. and Dunkin' Brands, Inc.) concerning no-poaching provisions in franchise agreements and data security breaches. All cases were settled. The franchisor (Furniture Medic) notes these actions have no impact on its brand and allege no unlawful conduct by the franchisor itself.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · FORVIS, LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 56 / 100 rating
- 01MINORSystem declining sharply: 15.6% unit contraction YoY (124 units) signals franchisee struggles and reduced support infrastructure
- 02MEDNo Item 19 (earnings claim): Average revenue of $289,908 disclosed but net income withheld—impossible to validate actual profitability or ROI on $86,945-$145,250 investment
- 03MINORUnprotected territory: Franchisees compete directly with other brand units in same area; no exclusivity despite 7% royalty burden
- 04MINORHigh royalty floor: $250/month minimum ($3,000 annually) creates cash flow pressure for underperforming locations in early years
- 05MINOROpaque financials: No disclosure of average unit volume (AUV), break-even timeframe, or failure rates raises transparency concerns
- 06MINOR5-year term misaligned with recovery: Short renewal period creates reinvestment uncertainty; franchisee may not recoup investment before contract end
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 5 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 1 |
| Territory type | non_exclusive |
| Protected territory | No |
| Exclusive territoryℹ | No |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Tennessee |
| Litigation count | 0 |
View Item 3 litigation summary
Three cases involving affiliated franchise companies (Arby's Restaurant Group, Inc. and Dunkin' Brands, Inc.) concerning no-poaching provisions in franchise agreements and data security breaches. All cases were settled. The franchisor (Furniture Medic) notes these actions have no impact on its brand and allege no unlawful conduct by the franchisor itself.
Items 10, 11
Training & Operations
- Classroom training
- 111 hrs
- On-the-job training
- 62 hrs
- Training location
- At your location
- Ongoing training
- Required
- Time to open
- 4 mo
- From signing to launch
- POS system
- DASH job management system
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: DASH job management system
Item 20 · call current owners
Franchisee Contacts
30 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Furniture Medic · FDD (2024) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Furniture Medic franchise?
The total investment to open a Furniture Medic franchise ranges from $87K – $145K, with an initial franchise fee of $50K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Furniture Medic franchise owners earn?
According to Item 19 of the Furniture Medic FDD, the average gross sales per unit is $290K. The median is $81K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Furniture Medic's franchise failure rate?
Based on SBA 7(a) loan data, Furniture Medic has a charge-off rate of 13.3% across 19 loans, meaning 13.3% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many Furniture Medic franchise locations are there?
As of their most recent FDD filing, Furniture Medic has 124 total units in the United States, including 195 franchised units and 0 company-owned units. 1 new units were opened in the latest reporting year.
Is Furniture Medic a good franchise to buy?
FranchiseVerdict rates Furniture Medic as a B-grade franchise with a risk score of 56 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.