Furniture Medic Franchise Costs, Fees & FDD

Year Business Began: 1992

Franchising Since: 1992

Headquarters: Cordova, Tennessee

Estimated Number of Units: 100

Franchise Description: TCB Furniture Medic, LLC is the franchisor. The franchisor is a direct subsidiary of TCB Services Holdings, LLC. Franchised businesses perform residential and commercial furniture repair, restoration, fabrication, and refinishing; wood repair, restoration and refinishing; millwork, cabinet re-facing, fabrication and refinishing; re-upholstery; hardwood floor repair; and other related services. These franchised services may be marketed to hotels, homeowners, moving companies, antique dealers, furniture rental companies, insurance companies and others whose responsibilities include residential and commercial property management and maintenance.
Training Overview: The franchisor provides training for two people and will, at the franchisee’s request, train other franchisees need to have trained on a “space-available” basis. Prior to attending initial training, any trainees must have a medical respirator exam fitting and bring the respirator to training. The initial training consists of (i) a pre-training program that can be completed at the franchisee’s home online in approximately 50 hours and (ii) a two-week training program that is typically held five times per year at the franchisor’s training center in Memphis, Tennessee (but may be held virtually when travel or in-person meetings are restricted). If held in-person, initial training is conducted in a classroom environment and in a “hands-on” laboratory environment. Each technical subject includes hands-on guided application and practice time. The franchisor will, in its sole discretion, make available additional training in furniture and wood repair, fabrication, and restoration techniques, cabinet transformation and refinishing techniques, and business operations for franchised businesses. The franchisor may require franchisees and their agents who provide franchised services to complete certain additional training programs. If the franchisor hosts an annual convention of franchisees, franchisees are required to attend the annual convention.

Territory Granted: The franchisor will designate the territory within which the franchisee will perform the franchised services. The franchisor will determine the territory in its sole discretion based on population, population density, affluence, geographical terrain and market potential. The franchisor uses the current United States Census Bureau figures, or other sources we determine within its sole discretion, when considering population estimates. Franchisees will not receive an exclusive territory. The territorial rights are based solely on compliance with the Franchise Agreement. There are no sales quotas, but franchisees must not abandon the franchised business and must continue to operate it in accordance with the Franchise Agreement.

Obligations and Restrictions: Franchisees must devote their full time, energy and best efforts to the management and operation of the franchised business except as otherwise approved in writing by the franchisor. If the franchisor allows franchisees not to personally supervise the business, they must employ a manager who will be responsible for direct, on-premises supervision of the business. The manager must have successfully completed the initial training and post-training, but need not have an ownership interest if franchisees are a corporation, partnership, or limited liability company. Franchisees must offer and provide the franchised services the franchisor requires.

Term of Agreement and Renewal: The initial franchise term is five years from effective date of the agreement. If franchisees meet the conditions, they may enter into a renewal term for an additional, consecutive five-year term.

Financial Assistance: Neither the franchisor nor its affiliates offer direct or indirect financing. Neither the franchisor nor its affiliates guarantee a franchisee’s note, lease, or obligation. The franchisor has relationships with certain banks and third-party lenders in different regions and may be able to refer franchisees to a preferred source of financing for initial franchise fees and franchise growth initiatives, but the franchisor does not have any arrangements with such lenders and does not receive any benefits from such lenders if they obtain financing from them. The franchisor currently offer a discount of 10% off the initial franchise fee if franchisees, or the majority of the shareholders, members, or partners of the franchisee entity, were honorably discharged from the U.S. armed forces.

Estimated Initial Investment

Name of Fee	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
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
ESTIMATED TOTAL	$86,945	$145,250

 
Other Fees

Type of Fee	Amount
Royalty Fee	The larger of $250 per month or 7% gross sales, except that the $250 minimum does not apply to new franchisees for the first 12 months after opening the franchised business.
National Advertising Fund Contribution	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 12 months after opening the franchised business.
Local Advertising Spend	2% of gross sales per quarter.
Renewal Fee	Currently $2,000 per franchise agreement.
Technology Fee	$200 per month.
Initial Training Fee	No fee is charged for the first two people who attend initial training ($500 per person per week after the first two people).
Additional Training Fee	Optional training: $50 - $1,000 per person.
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.
Lead Fee	The greater of (i) 3% of the total selling price or (ii) $10,000.
Audit Expenses	Cost of audit, including travel, lodging, and wage expense and reasonable legal and accounting costs.
Late Fee	$50 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	$7.50 per completed work order.
Convention Fee	Typically, $750 to $1,000.
Insurance	The franchisor’s actual cost of premiums.
MRN PROGRAM FRANCHISEES ONLY
MRN Job Lead Fee	Currently $75 per revenue-producing lead.
MRN Late Fee	$100

The above information has been compiled from the FDD of Furniture Medic. Year of FDD: 2025.
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