Furniture Medic by Spencer
How we got $1.4M
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
Signs of a sale Some signs of a sale
- In business 34 years (since 1992)
From public records and the company's website, not a statement that it's for sale.
What they do
Furniture Medic is a cabinet transformation and furniture restoration business offering in-home, on-site repair and restoration for homes and businesses, with services provided by independently owned and operated franchises.
From the company's website. Industry: Reupholstery and Furniture Repair.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- CLAIMS MANAGEMENT RESOURCES · Oklahoma City, 70 mi · $83.8M
- PACESETTER CLAIMS SERVICES, IC. · Tulsa, 28 mi · $75.2M
- NIEMANN AND ASSOCIATES, LLC · Oklahoma City, 65 mi · $43.2M
- PACESETTER CLAIMS SERVICE INC. · Tulsa, 28 mi · $42.3M
- NATIONAL STUDENT SERVICES, INC. · Stillwater, 36 mi · $40.6M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Furniture Medic by Spencer this business | $4.0M | — |
| ENVIRONMENTAL CLEANING SYSTEMS INC Kellyville · 2 employees | $413K | 17.1 mi |
| Alliance Appliance Repairs Cushing | $3.9M | 18.2 mi |
| FOCHT ENTERPRISES, LLC Cushing · 3 employees | $650K | 18.3 mi |
| ARES LLC Sand Springs | $4.0M | 20.2 mi |
| PATRICK'S AUTO REPAIR Tulsa · 1 employees | $217K | 23.7 mi |
| LAWNOVATIONS, INC Tulsa · 15 employees | $3.1M | 24.9 mi |
Ranges & sources
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Reupholstery and Furniture Repair businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (12%). Treat these as a rough guide.
| Revenue range | $1.6M – $5.7M |
| EBITDA range | $188K – $675K |
| Industry (NAICS) | Reupholstery and Furniture Repair (811420) |
| Value range | $452K – $2.4M |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
History & advisors
“Founded in 1992, Furniture Medic has become one of the world's largest furniture repair and cabinet transformation companies.”
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Furniture Medic by Spencer
Furniture Medic by Spencer is a reupholstery and furniture repair company in Bristow, Oklahoma, in business since 1992. It is owned by Justin Spencer (Franchisee (operates 2 Furniture Medic locations in Bristow,). Its estimated annual revenue is about $4.0M, with roughly $479K of EBITDA. Its estimated business value is $1.4M (likely range $452K–$2.4M).
Common questions
- Who owns Furniture Medic by Spencer?
- Furniture Medic by Spencer is owned by Justin Spencer (Franchisee (operates 2 Furniture Medic locations in Bristow,), according to public sources such as the company's website or filings.
- How much revenue does Furniture Medic by Spencer make?
- SeeBITDA estimates Furniture Medic by Spencer's annual revenue at about $4.0M (likely between $1.6M and $5.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Furniture Medic by Spencer worth?
- About $1.4M, roughly 3× its estimated EBITDA of $479K, typical for a reupholstery and furniture repair company its size. Likely range: $452K–$2.4M.
- When was Furniture Medic by Spencer founded?
- Furniture Medic by Spencer has been in business since 1992.