Renew Medic franchise
A Renew Medic franchisee restores, repairs and refinishes cabinetry and other wood furnishings. At the end of 2025 there were 45 Renew Medic locations in the US, 26 franchised and 19 company-owned.
- Cost to open
- $383K–$842K
- Franchise fee
- $100,000
- Royalty
- 7% + minimum
- Locations, 2025
- 45+26 in 3 yrs
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Company snapshot
- SBA loans
- On the SBA Franchise Directory
From Renew Medic Franchising, LLC’s 2026 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
How much a Renew Medic franchise costs
Opening one Traditional franchise costs an estimated $383,411 to $842,150. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: Renew Medic Franchising, LLC, 2026 filing, page 22
Renew Medic franchise fee
The franchise fee is $100,000. You pay it when you sign the franchise agreement.
Source: Renew Medic Franchising, LLC, 2026 filing, page 13
Royalty and ongoing fees
| Royalty | The greater of 7% of gross sales or the applicable monthly minimum, with minimums waived for new franchisees' first 12 months. |
|---|
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Renew Medic Franchising, LLC, 2026 filing, page 14
Sales and earnings
Shares figures Renew Medic publishes sales or earnings figures for its locations: Historical information includes businesses converted from Furniture Medic; these are not newly opened startup results.. The full tables, with notes on which locations are counted, are in its filing.
Source: Renew Medic Franchising, LLC, 2026 filing, page 45
Locations opened and closed
| Year | Franchised | Company-owned | Closed |
|---|---|---|---|
| 2023 | 0 (0) | 0 | 0 |
| 2024 | 10 (+10) | 19 | 0 |
| 2025 | 26 (+16) | 19 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
Renew Medic passes four of the five tests on our list of the best franchises to own; it had fewer than 100 US locations three years ago.
Source: Renew Medic Franchising, LLC, 2026 filing, page 48
How Renew Medic compares
Of the 17 restoration franchises on this site, Renew Medic is the most expensive to open and the 15th largest by number of locations.
| Measure | Renew Medic | Typical restoration |
|---|---|---|
| Cost to open, low end | $383K | $167K |
| Royalty | 7% | 7% |
| Closed or left per year | 0% | 4.9% |
| Shares earnings figures | Yes | 13 of 17 |
Typical is the median across the 17 brands in restoration franchises.
