Furniture Medic Franchise Cost, Revenue & Review 2026
- Investment
- $87K – $145K
- Disclosed sales
- $290K
- gross sales, not profit
- SBA charge-off
- 13.3%
- on 19 loans
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Furniture Medic is a mobile franchise that repairs and restores wood furniture, cabinets, and finishes for homes and businesses. Franchisees run a van-based, owner-operated service handling on-site repairs and refinishing in a territory.
FranchiseVerdict summary · 2026
A Furniture Medic franchise requires a total initial investment of $87K – $145K, including a $50K franchise fee and an ongoing 7.0% royalty[2]. 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]. FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: high - issued more than two years ago
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✓ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored7 of 8 headline figures on this page cite a page of the filing; the rest are marked “Not cited” beside the figure.
Overview
- Investment
- $87K – $145K
- 28th pct Cleaning & Ma…
- Avg gross sales
- $290K
- 4th pct Cleaning & Ma…
- Royalty
- 7.0%
- 38th pct Cleaning & Ma…
- Units
- 124
- 67th pct Cleaning & Ma…
- SBA charge-off
- 13.3%
- % of SBA 7(a) loans not repaid · median varies by category
Quick verdict · Cleaning & Maintenance · color = vs category peers
Green = favorable by >10% vs Cleaning & Maintenance median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $87K – $145K including a $50K franchise fee, 7.0% ongoing royalty.
- RETURNSAverage unit revenue of $290K/year (median $81K).
- RISKVerdict B (Above average), verdict score 49/100 (higher is better). SBA loan charge-off rate of 13.3% across 19 loans (above the 16% franchise average, based on all SBA 7(a) franchise lending, 2010–2025).
- GROWTHNegative: net -23 franchised outlets in the latest year (1 opened, 25 closed) (Item 20).
- FLAG17 units terminated last reporting year (13.7% of the system). Ask existing franchisees why.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- TCB Furniture Medic, LLC
- Parent company
- ServiceMaster Systems LLC
- Ultimate parent
- ServiceMaster OpCo Holdings LLC
- Predecessor
- Furniture Medic Limited Partnership
- Prior franchisor entity
- Incorporated in
- DE
- HQ
- One Glenlake Parkway, 14th Floor, Atlanta, Georgia 30328
- Auditor
- FORVIS, LLP
- Audited financials
- Franchisor revenue
- $6.2M
- Most recent fiscal year
Same owner · FDD Item 1
4 other brands on this site name ServiceMaster OpCo Holdings LLC as parent or ultimate parent in their own FDD.
Grouped by the owner's name as each filing prints it (this page: the 2024 FDD). Spelling variants of the same group may be listed apart; a brand is never grouped with an owner its filing does not name.
Overview
About
- CEO
- Chris Gammill
- Headquarters
- GA
- Founded
- 2020
- FDD year
- 2024
- States available
- 33
Can you afford it, and what does the money buy?
Entry cost runs 31% below the typical cleaning & maintenance franchise.
Source: FDD 2024 · Items 5–7
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.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $87K – $145K
- Top 40% of category vs category
- Liquid capital req'd
- $20K – $40K
- Middle of category vs category
- Franchise fee
- $50K – $50K
- Middle of category vs category
- Royalty
- 7.0%
- Set by a formula · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 9.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 7.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $200 |
| Training fee | $450 |
| Transfer fee | $7K |
| Renewal fee | $2K |
| Total fee load | 9.0% of rev |
What do units actually make?
Average unit sales run 46% below the cleaning & maintenance norm.
Source: FDD 2024 · Item 19
Single-unit · not modelled
Returns at a glance
An FDD discloses gross sales, not profit, and the operating costs that turn one into the other are in no filing. We publish no modelled return for Furniture Medic until someone supplies them — yours, in the models below.
—
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
Total invested capital · disclosed
$146K
Item 7 initial investment plus working capital, as filed — the one figure here that needs no assumption.
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
What one unit earns on your invested capital
Model A · Single-Unit Return
Computes unlevered return on invested capital (ROIC) for a single franchise unit, read against the 30–60% reference band · Yale SOM, Post-MBA Path Exhibit 2 (2023). Below that band a passive index fund likely outperforms; above it the franchisor has pricing power you're subsidizing.
Note: Item 19 revenue is what the franchisor discloses, and it is the top line only — gross sales are not profit. No FDD discloses the operating costs that turn one into the other, so those fields start empty and nothing is modelled until you supply them from your own lease quote, labor market and build-out budget.
Returns model · single-unit ROIC
What would one Furniture Medic unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
What 25 units return when you use SBA financing
Model B · Return on Equity: Debt-Financed Acquisition
Models a 25-unit portfolio acquisition financed with an SBA 7(a) loan. Shows equity IRR (your return on cash invested), DSCR (how safely the cash flow covers debt service), and the capital stack (SBA + seller + equity breakdown).
This is the “search fund” or “entrepreneurship through acquisition” scenario: you buy an existing multi-unit operator, use leverage to amplify returns, and either operate or hire management. The 25-unit size is the typical minimum for an SBA-backed franchise portfolio acquisition to pencil as a full-time income.
What “return on equity” means here: if you put in $500K of your own cash and the business generates enough EBITDA to pay down debt and grow, your equity IRR is the annual return on that $500K, including the value created when you eventually sell. Target IRR for a search fund is typically 25–35%.
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
A 25-unit return is built on a per-unit EBITDA. Fill in the operating costs in Model A above and this model runs on that figure, or take the whole scenario to the full ROI workbench, where the portfolio and LBO models accept your own per-unit economics directly.
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2024 FDD
Financial Performance
- Avg gross sales
- $290K
- Per unit, per year
- Median gross sales
- $81K
Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.
- Item 19 type
- gross sales
- Sample size
- 113 franchisees
- vs category median 32 · large
- Range (low → high)
- $358→$6.1MNot cited — published from our reading of the franchisor's disclosure document; the page it is printed on has not been located.
- Cohort dispersion (min → max)
- Quartile band
- $20K→$955K
- Bottom 25% → top 25%
- Reporting year
- 2023
- Fiscal year the figures cover
- Source filing
- FDD 2024
- Disclosed in the 2024 filing, covering 2023
- Transparency
- 4 / 10
- vs category median 4 / 10 · typical
Compared against 191 Cleaning & Maintenance brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Unit economics
Average unit generates $290K/year in gross sales. Median is $81K — top performers pull the average up, so a typical unit earns less. Revenue-to-investment ratio: 2.5x.
Fee burden
Total ongoing fee load of 9.0% (near the Cleaning & Maintenance median).
Disclosure
Transparency score 4/10 — this franchisor discloses detailed breakdowns (quartiles, segments, or cohort data). Buyers can model unit economics with higher confidence.
Operator retention
System contracting at -2.0% CAGR over 3 years. Investigate whether closures are franchisor-driven consolidation or franchisee exits.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Cleaning & Maintenance medians
How Furniture Medic Compares
Category median of published Cleaning & Maintenance brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2024 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 124
- Opened
- 1
- Last reporting year
- Closed
- 25
- Terminated
- 17
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 7
- Term expired, not renewed (per Item 20)
- Turnover rate
- 20.2%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (3-yr)
- -2.0%
- Net unit change over 3 years
- 3-yr CAGR
- -2.0%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 17
- Not renewed
- 7
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 0
- 0.00 per open outlet · Item 20 Table 5
- Projected new
- 7
- Franchisor's next-year forecast
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.
Where the owners are · Item 20 owner list
0 current owners across 0 states; 30 former (terminated, transferred or not renewed) listed separately.
Counts only, from the list the franchisor prints in Item 20. Names and phone numbers are for your own due diligence and are not shown here.
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%
- on 19 loans · 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
- Typical loan rate
- 7.3%
- avg rate to borrowers
- vs industry
- 20.0%
- brand is below its industry ↓
- Jobs supported
- 113
- 3.7 per loan
- Lender concentration
- 13%
- top lender's share
Borrower mix: 33% went to startups / new businesses, 67% to established operators
Top lenders financing Furniture Medic franchisees
Showing 3 of 14 lenders. The full breakdown — every lender, state distribution, interest rates & risk ratings — is in the SBA Lending Report below.
Explore lender portfolios on Bank Reports or regional data on State Reports.
Lender network · 7(a) + 504
SBA Lending Report
Full lending analysis for Furniture Medic from SBA 7(a) FOIA data.
- Principal loss rate
- 1.3%
- Avg SBA guarantee
- 75%
- Avg interest rate
- 7.25%
- Avg chargeoff amount
- $21K
- Lender concentration
- 13.3%
- Job velocity
- 3.7 per $100K
- NAICS benchmark
- 20.0%
- NAICS 811420
- Jobs supported
- 113
Top SBA lendersTop lender holds 13% of loans
| # | Lender | Loans | Volume | Default % |
|---|---|---|---|---|
| 1 | Wells Fargo Bank National Association | 2 | $52K | 100.0% |
| 2 | PNC Bank, National Association | 2 | $41K | 0.0% |
| 3 | Live Oak Banking Company | 2 | $1.8M | 0.0% |
| 4 | Bank of Homewood, National Association | 1 | $50K | 0.0% |
| 5 | BLC Community Bank | 1 | $80K | 0.0% |
| 6 | Bank Iowa | 1 | $35K | 0.0% |
| 7 | U.S. Bank, National Association | 1 | $348K | 0.0% |
| 8 | Union State Bank | 1 | $25K | 0.0% |
| 9 | Stearns Bank National Association | 1 | $270K | 0.0% |
| 10 | Members Choice CU | 1 | $75K | 0.0% |
Geographic failure vector
| State | Loans | Defaults | Rate |
|---|---|---|---|
| TXTexas | 3 | 1 | 50.0% |
| CACalifornia | 2 | 0 | 0.0% |
| PAPennsylvania | 2 | 0 | 0.0% |
| AZArizona | 1 | 0 | 0.0% |
| COColorado | 1 | 0 | 0.0% |
| IAIowa | 1 | 0 | 0.0% |
| ILIllinois | 1 | 0 | 0.0% |
| KSKansas | 1 | 0 | 0.0% |
| MNMinnesota | 1 | 1 | 100.0% |
| MOMissouri | 1 | 0 | 0.0% |
SBA 7(a) lending trend
Borrower profile
Source: SBA 7(a) + 504 FOIA loan-level data, matched by FranchiseVerdict
What could kill this investment?
SBA loans charge off at 13.3% — 17% below the 16.0% national norm, i.e. lower lender-observed risk.
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
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.
Why this reads harsher than the B grade: the grade weighs financial health, unit economics, unit growth, scale, legal, and transparency across the whole filing, while this summary lists individual flags without that weighting. The flags are worth checking with current owners; neither is investment advice.
Litigation (Item 3)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
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)
Item 21 attaches Exhibit B, the audited consolidated financial statements of the guarantor TCB Services Holdco, LLC for the period March 31, 2023 (inception of operations) to December 31, 2023 (FORVIS, LLP; the opinion is QUALIFIED because intangible assets were not separated from goodwill), plus its Guaranty. The franchisor began offering franchises in March 2023, so no earlier years exist: net revenues $6,168,933; net loss $(3,437,797); total assets $27,012,392; total liabilities $1,191,336; members' equity $25,821,056. Guarantor-level, not the franchisor's own statements.
ⓘ These are the parent company's consolidated financials (the parent guarantees the franchisor), not this brand's standalone results — the figure reflects the whole corporate group, not this brand alone.
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 49 / 100 verdict
- 01MINORUnprotected territory: Franchisees compete directly with other brand units in same area; no exclusivity despite 7% royalty burden
- 02MINORHigh royalty floor: $250/month minimum ($3,000 annually) creates cash flow pressure for underperforming locations in early years
- 03MINOR5-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
What are you signing up for?
Ongoing fees run about 9.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2024 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 5 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 1 |
| Territory type | No territory protection |
| 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 |
| Non-compete (miles)ℹ | 75 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 60 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Atlanta, Georgia |
| Jury trial waiver | Yes |
| Governing law | GA |
| 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
- Memphis, Tennessee (Franchisor's Training Center); pre-training at franchisee's location
- Ongoing training
- Required
- Time to open
- 4 mo
- From signing to launch
- Franchisor financing
- Not offered
- Item 10
- 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
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.
Who owns Furniture Medic?
Furniture Medic is franchised by TCB Furniture Medic, LLC. Its parent company is ServiceMaster Systems LLC. The ultimate parent named in the FDD is ServiceMaster OpCo Holdings LLC. Source: FDD Item 1, 2024 filing.
What is Item 19 in the Furniture Medic FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Furniture Medic FDD and qualifies whose outlets they describe.
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 124 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 verdict score of 49 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. 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.
For franchisors
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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.