Successful, established 24 Year Furniture Medic franchise in Lexington

Lexington, KY (Fayette County)

Beautifully completed conference table
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Asking Price: $225,000

Cash Flow: $85,000

Gross Revenue: $325,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $1,200 /Month

Established: 1995

Successful, established 24 Year Furniture Medic franchise in Lexington

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Business Description

This Furniture Medic franchise is a 24-year-old, highly reputed and very well established company based in Lexington, KY. Serving a niche market and providing unique services, we have a very well-established customer base from four (4) distinct customer categories. This franchise has a strong track record of consistent growth in Lexington and Central Kentucky.

Awarded within our franchise multiple times, we are within the top 30 franchises of over 200 in the company. Franchise offers training and ongoing support in addition to National Account work and leads in other industries.

We have provided continuing education to industries we serve and have established an excellent reputation as experts in our field. We're regularly asked to provide service in surrounding counties, Louisville, KY, Northern and Southeastern KY. Have occasionally worked in Ohio, West Virginia and Tennessee. Have turned down work in Arizona and Michigan.

Though approximately 70% of work is performed on-site, purchase would include professional woodworking and finishing tools & equipment as well as supplies, hand tools, materials and more. Turnkey with the opportunity to gross $325,000 annually from the start with excellent growth potential.

As a Furniture Medic® franchisee, you’ll have access to the operational support, best practices, industry-leading processes and custom solutions you’ll need to help you develop revenue and increase productivity. That allows you to focus on leading your team of highly-trained technicians as they restore wood, cabinets and furniture of all kinds.

Recognized in Entrepreneur Magazine’s Franchise 500® for more than 20 years

Selling due to health issues and Doctors’ recommendation.

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Detailed Information

Location:
Lexington, KY
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
12/31/2019
Employees:
5
Facilities:
Currently rent office/shop combined property located just south of Lexington, KY. Rent is very affordable and provides 1,200 sq. feet of finished space with office, bathrooms, climate controlled storage for completed projects, conference area and conference table. Shop side is 1,800 sq. feet and includes professional woodworking tools and finishing equipment. SawStop table saw, band saw, dustcollector, etc. as well as positive air spray booth, supplies, material inventory and other equpment.
Competition:
We are quite lucky to have little direct competition. Unlike many of our competitors, our expertise allows us to serve both commercial and residential customers in countless capacities, from restoring a single heirloom to maintaining commercial properties as well as partnering with insurance and moving companies. Our services include: cabinet restoration, insurance claim repairs, residential services, commercial maintenance, and moving and transportation repairs.
Growth & Expansion:
Expansion and growth are very possible! Recently improved existing relationship with a university that could result in as much as $50,000/year in additional revenue. We have good relationships with many insurance carriers as well as an active role in the moving & storage industry. Other customer areas are growing as the economy rebounds.
Support & Training:
As part of a the Furniture Medic® brand, the franchise support is very good. Initial training is worth investing your time in attending and ongoing support is provided for Technical operations, Accounting, Marketing, Website and more.
Reason for Selling:
Health reasons and Doctors' recommendation
Franchise:
This business is an established franchise
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Business Listed By:
Bob Dickson

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