How Much Does a Furniture Medic Franchise Cost?
Data from the 2024 Franchise Disclosure Document
Investment Summary
Total Investment
$87K – $145K
Franchise Fee
$50K
Royalty
The greater of $250 per month or 7% Gross Sales
Ad Fund
The greater of $150 per month or 2% of Gross Sales
Cost Breakdown
Initial Franchise Fee
The initial franchise fee for Furniture Medic is $50K. This one-time payment covers the right to operate under the brand, access to proprietary systems, and initial training programs.
Total Investment Range
Opening a Furniture Medic franchise requires a total investment of $87K – $145K. This range typically includes real estate or leasehold improvements, equipment and fixtures, initial inventory, signage, insurance, and working capital to sustain operations during the ramp-up period.
Working capital alone ranges from $20K to $40K.
Ongoing Costs
Beyond the initial investment, Furniture Medic franchisees pay ongoing fees. The royalty structure is: The greater of $250 per month or 7% Gross Sales. The ad fund contribution is: The greater of $150 per month or 2% of Gross Sales. There is also a technology fee of $200.
Net Worth & Liquid Capital Requirements
Furniture Medic requires working capital of $20K – $40K to cover initial operating expenses. This is the liquid cash you should have available beyond the franchise fee and buildout costs.
What Can You Earn?
According to Furniture Medic's Item 19 financial performance representation:
Median gross sales: $81K
This figure comes from Item 19 of the FDD. Gross sales are not the same as take-home profit. After deducting royalties, ad fund fees, rent, labor, and COGS, net income is typically a fraction of gross revenue.
How Do Banks View Furniture Medic?
SBA Loans Issued
15
Default Rate
14.3%
The SBA (Small Business Administration) tracks loan performance for franchise brands. Furniture Medic has 15 SBA-backed loans on record. The default rate is 14.3%, which is below the franchise industry average, indicating relatively lower lending risk. A lower default rate generally indicates that lenders view the franchise as a safer investment, though past performance does not guarantee future results.
Next Steps
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