Renew Medic

When a kitchen flood or house fire strikes — events affecting 400,000 to 500,000 homes from fire annually and roughly 2% of all U.S. homes from water damage each year, with over half of water damage originating in the kitchen — the standard industry response has historically been full cabinet demolition and replacement, an expensive, slow, and disruptive process that forces families out of their homes for weeks. Renew Medic franchise was purpose-built to solve exactly that problem, offering a proprietary cabinet restoration and replacement model that saves homeowners and insurance carriers up to 65% compared to full replacement, while keeping kitchens functional and families in their homes throughout the process. Founded in 2024 and headquartered in Cordova, Tennessee, Renew Medic emerged from the 30-plus-year legacy of Furniture Medic, a furniture repair and restoration franchise that was acquired by ServiceMaster in 1996 and became part of TCB Franchising in 2023. The brand was co-founded by Chris Gammill, CEO of TCB Franchising, and Mike Pearce, Chief Development Officer of Renew Medic, both of whom are franchise veterans with decades of experience at ServiceMaster Brands and prior histories as franchise owners themselves. Renew Medic occupies a uniquely powerful market position: it is the only franchise brand in the United States exclusively dedicated to cabinet restoration and replacement following water or fire damage events, creating a virtually competition-free niche within the $71.6 billion global disaster restoration services market. The franchise launched its development program in 2023, began awarding licenses in 2024, and had sold territories covering more than 100 million Americans across seven metropolitan markets by mid-February 2026, a growth velocity that reflects genuine investor demand for this category. For franchise investors evaluating this opportunity, the core thesis rests on three pillars: an underserved market with structural insurance-driven demand, a differentiated operating model with no direct franchise competition, and leadership credibility drawn from one of the most proven franchise systems in American history. This analysis is produced by PeerSense as independent franchise intelligence and does not represent the marketing position of the franchisor.

The disaster restoration and residential remodeling industries that support the Renew Medic franchise opportunity are among the most structurally durable sectors available to franchise investors in the current macroeconomic environment. The global disaster restoration services market was estimated at $71.6 billion in 2024 and is projected to reach $105.8 billion by 2033, growing at an annual rate of 10%, driven by the increasing frequency and severity of natural disaster events including hurricanes, floods, and wildfires. The broader global remodeling market was estimated at $3.5 trillion in 2024 and is projected to reach $5.2 trillion by 2034, growing at a compound annual growth rate of 3.8% from 2025 through 2034, with North America commanding a 35.11% revenue share worth approximately $1.25 trillion in 2024 alone. Within the kitchen and cabinet space specifically, the cabinet refinishing services market was valued at approximately $100 billion globally in 2023 and is expected to grow at 10% annually, reaching nearly $234 billion by 2031, a growth curve that aligns precisely with Renew Medic's core service offering. The U.S. residential remodeling market was estimated at $527.36 billion in 2023 and is projected to grow at a compound annual growth rate of 4.6% through 2030, reaching $897.3 billion, with specialized service providers capturing an 81.8% share of that market in 2023. Several secular tailwinds reinforce this demand: over 80% of U.S. homes are more than 20 years old, creating a persistent backlog of repair and upgrade needs; over a quarter of all home insurance claims involve fire or water damage with cabinets among the most frequently affected and costliest items to replace; and soaring property values combined with tight housing inventory are driving homeowners to restore rather than relocate. The insurance claim channel is particularly important for this category because it creates a predictable, recurring, and largely non-discretionary revenue stream that is insulated from consumer confidence cycles — when a pipe bursts or a stove fire damages kitchen cabinetry, the homeowner calls their insurance carrier regardless of whether the economy is expanding or contracting, making this a structurally recession-resistant market segment.

The Renew Medic franchise investment is structured as a premium-tier entry in the restoration services category, reflecting both the scale of exclusive territories offered and the depth of the training and national account infrastructure provided. The franchise fee is $100,000, which is positioned at the higher end of the residential services franchise spectrum but is consistent with what franchisors charge when they are granting large, exclusive metropolitan territories with meaningful insurance carrier relationships attached. Total investment to open a Renew Medic franchise ranges from $423,111 to $734,326, a spread driven by factors including facility size requirements — franchisees require a 6,500-plus-square-foot warehouse for operations and storage — geographic build-out costs, equipment procurement, and initial working capital reserves. Prospective franchisees are required to demonstrate liquid capital of $200,000 to $250,000 and a minimum net worth of $750,000, financial thresholds that position this as a serious operator opportunity rather than an entry-level franchise investment. Ongoing fees include a royalty rate of 7% of gross revenue and an advertising fund contribution of 2% of gross revenue, bringing the combined ongoing fee burden to 9%, which is within the normal range for service-category franchises that provide national account relationships and marketing infrastructure. The royalty structure is supported by a business model in which approximately 90% of revenue is derived from insurance restoration work, meaning job volume is substantially driven by insurance carrier referrals and mitigation partner relationships rather than solo franchisee marketing efforts, which partially offsets the royalty cost from a unit economics perspective. Renew Medic operates under the TCB Franchising umbrella, providing corporate backing from a franchising organization with multi-brand experience, and the brand's franchise development is being managed in partnership with REP'M Group, a full-service franchise development company whose involvement signals a structured and professionally managed growth strategy. Prospective investors should engage qualified legal and financial counsel to review the full Franchise Disclosure Document before making any investment decision, and should specifically request access to the Item 19 financial performance section for the most current data on franchisee-level revenue.

The Renew Medic franchise operating model is designed around a semi-absentee-to-owner-operator structure in which franchisees function as general managers building and scaling a team rather than performing technical restoration work themselves. A typical location can launch with as few as four to seven employees — one owner-operator or general manager, two installers, and two shop technicians — a lean labor model that keeps fixed overhead controlled in the early months of operation while leaving significant capacity to scale as job volume increases through insurance carrier referrals. The service process itself is highly differentiated: Renew Medic technicians are trained to remove cabinets for restoration while keeping kitchens functional and homes livable, a capability that insurance adjusters and homeowners find significantly more valuable than the standard demolition-and-replacement approach used by general contractors. Technical training for new franchisees takes place at the brand's Memphis, Tennessee headquarters and covers the full service spectrum: emergency cabinet removal, restoration processes, proprietary color-matching techniques, refinishing, painting, refacing with new doors and drawer fronts, and the manufacturing of new cabinetry where full replacement is necessary. Business and operations training runs concurrently and covers back-office operations, accounting, finance, claims adjuster workflows, insurance carrier billing protocols, and sales systems tailored to both insurance and direct-to-consumer clients — a dual-channel approach that enables franchisees to generate revenue from insurance restoration events as well as discretionary refinishing and remodeling projects. No prior woodworking or restoration industry experience is required, as the brand's onboarding is designed to certify operators from a standing start. Ongoing support infrastructure includes national accounts and referral programs with several top-10 insurance carriers, operational reviews and growth planning sessions, on-demand training libraries and video resources, and dedicated business development contacts for each franchisee. Renew Medic grants large, exclusive territories sized to provide meaningful market coverage without internal franchise competition, and territory boundaries are determined through market analysis, demographic targeting, and insurance claim data rather than arbitrary geographic lines.

Item 19 financial performance data is not disclosed in the current Franchise Disclosure Document reflected in the PeerSense database. However, a meaningful body of market-level data exists that allows investors to contextualize the revenue opportunity at the unit level. Renew Medic's leadership has described the business model as designed to support multimillion-dollar operations for franchisees who invest appropriately in staffing, equipment, and rapid response capacity, and the brand's positioning as a preferred vendor to multiple top-10 insurance carriers creates a built-in job pipeline that independent cabinet restoration contractors cannot replicate. The insurance restoration channel is particularly important from a revenue predictability standpoint: over a quarter of all U.S. home insurance claims involve fire or water damage, cabinets are among the highest-value line items within those claims, and Renew Medic's cost-saving model — delivering up to 65% savings compared to full replacement — makes it structurally attractive to adjusters managing claim costs. The cabinet refinishing services market is expected to grow from $100 billion globally in 2023 to nearly $234 billion by 2031 at a 10% annual growth rate, providing a macro revenue tailwind that benefits every operating unit in the system. Jobs in the Renew Medic model typically run approximately three weeks in duration, enabling franchisees to cycle through multiple concurrent jobs within a month and build revenue velocity through operational throughput rather than single-project concentration. From a cost structure standpoint, the combination of a warehouse-based model with no customer-facing retail buildout, a lean starting crew of four to seven employees, and insurance-funded job volume creates a unit economics profile that is structurally distinct from traditional remodeling or renovation franchises that depend on consumer discretionary spending. Prospective franchisees are strongly encouraged to request the most current FDD, engage with existing franchisees through the validation process, and work with a franchise attorney to model unit-level cash flows using the royalty, advertising, and investment data currently available.

The growth trajectory of the Renew Medic franchise system since its 2024 launch has been notably rapid for a first-generation franchise concept. As of September 2024, the system had four operating locations and 13 licenses sold, with a stated goal of adding 30 more by the end of October 2024. By July 2025, the company had reached 13 active locations, and by mid-February 2026, nearly all available territory had been awarded across eight major metropolitan markets including Fort Lauderdale, West Palm Beach, Houston, Miami, the North Boston to Portland Maine corridor, Philadelphia, San Antonio, Wilmington NC, and Portland Oregon. The milestone of selling territories covering more than 100 million Americans within approximately two years of launching franchise sales is a meaningful validation signal, as it reflects genuine franchisee demand rather than corporate-led expansion. The competitive moat that Renew Medic has constructed is multidimensional: first, it is the only franchise in the country exclusively focused on cabinet restoration after water or fire loss events, eliminating direct franchise competition in every market where it operates. Second, the brand has established preferred vendor status with several top-10 insurance carriers, creating a referral network that generates recurring job volume at the national account level and provides individual franchisees with lead flow that no independent operator can access. Third, Renew Medic complements — rather than competes with — major restoration brands like ServPro, ServiceMaster, Paul Davis, and All Dry, positioning itself as the specialty cabinet subcontractor within the broader restoration ecosystem rather than a head-to-head competitor, which opens partnership channels with established large-loss restoration operators. The process technology underlying the brand was developed, tested, standardized, and refined within the Furniture Medic system over more than three decades before being formalized into the Renew Medic franchise model, providing a level of operational maturity unusual for a brand at this early stage of franchise development.

The ideal Renew Medic franchise candidate is a business-minded operator with management experience and a strong orientation toward relationship-building, particularly with insurance adjusters, contractors, and mitigation firms. Prior experience in cabinet making, woodworking, or restoration is explicitly not required, as the technical certification program at the Memphis training center is designed to bring operators to full competency from any starting point. The leadership profile that performs best in this model is someone capable of running a small-to-midsize service operation — managing a warehouse, coordinating crews, building referral relationships with insurance carriers, and scaling headcount from the initial four to seven employees toward a larger operation as job volume grows. Multi-unit development is a long-term possibility as territory infrastructure matures, and given that the brand specifically structures large exclusive territories to support meaningful scale rather than hypergrowth through oversaturation, operators who invest appropriately in equipment and staffing capacity have the operational room to grow significantly within a single territory before multi-unit consideration arises. Available territory across the United States remains substantial, with the brand actively accepting inquiries from prospective franchisees in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, and many additional states, as well as indicating interest in Canadian expansion. Territories are allocated based on insurance claim data, demographic analysis, and market density modeling, giving investors confidence that their assigned territory has been validated for demand rather than selected arbitrarily. The business model explicitly supports limited night and weekend work, which is a meaningful quality-of-life differentiator compared to restoration concepts that require 24-hour emergency response staffing.

The investment thesis for the Renew Medic franchise opportunity centers on a rare convergence of factors that serious franchise investors look for but rarely find simultaneously: a structurally growing market, zero direct franchise competition, insurance-driven revenue that is recession-resistant, and leadership credibility backed by more than three decades of franchise system experience. The global disaster restoration market is growing at 10% annually toward $105.8 billion by 2033, the cabinet refinishing market is growing at 10% annually toward $234 billion by 2031, and Renew Medic is the only franchised operator in the country exclusively positioned at the intersection of those two curves. The brand's established national account relationships with top-10 insurance carriers and its complementary positioning alongside major restoration networks provide franchisees with a built-in lead generation infrastructure that would take an independent operator years to construct, if they could construct it at all. The $423,111 to $734,326 total investment range and the $200,000 to $250,000 liquidity requirement reflect a genuine mid-to-premium service franchise commitment, and prospective investors should approach due diligence with the rigor that any investment of this magnitude deserves. PeerSense provides exclusive due diligence data including SBA lending history, FPI score, location maps with Google ratings, FDD financial data, and side-by-side comparison tools that allow investors to evaluate Renew Medic against competing franchise opportunities within the restoration and residential remodeling categories. The combination of an aging U.S. housing stock where 80% of homes are over 20 years old, 400,000 to 500,000 fire-damaged homes annually, and persistent water damage affecting 2% of U.S. homes each year creates a durable demand foundation that does not depend on consumer confidence, economic expansion, or discretionary spending. Explore the complete Renew Medic franchise profile on PeerSense to access the full suite of independent franchise intelligence data and begin a properly informed due diligence process.