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I was contacted by a friend of mine that owns a large furniture store locally. He knows that I know my way around a camera a bit and wanted to set up a studio in his warehouse to photograph his furniture for his website. He saw a competitor's website where all of the furniture was isolated on white and wants that look as well.

I met with him today to see how much space was available and other logistics. What we came up with was the following:
    1 - I will put together a "shopping list" for him including lights, camera, construction materials, etc.
    2 - I will be on location while the electrician installs lighting to ensure proper placement
    3 - I will be on location while the carpenter installs the curve between the wall and the floor
    4 - I will mark out on the floor where tripod will be located and rough locations for furniture during shooting
    5 - I will go to his location to set up the camera and create a small training manual (camera settings mostly)
    6 - I will go to his location to train one or more of his employees to take the photos in the completed studio

After that, my job is finished. What would you guys charge for something like that? He asked me for a number, but I didn't want to jump the gun, so to speak.

TIA for your input!

7 - I will never, ever do something like this again.

Likely this won't persist so you might as well charge full rate.

It's nice to be able to help your friends....  Make sure that he really understands that you're not able to create professional photographers "over night" !!! Meaning that it is unlikely that his own crew with next to no training, would be able to come anywhere near the result of his compeditors...

In stead...  Maybe you should make him realise that he needs YOU to do the shooting and the post processing of the images.. 

What you charge is up to you... Maybe you can get a lot of free furniture for your home...  Maybe you can get a decent and steady income from doing this work for him.. And as already suggested...  Maybe you can get free access to use the facilities for your own shooting...? And why not just sell the pictures you create for him at all the stock agencies?

Right on target Randy.

I have very good friend who runs a kitchenware business who never hires me for catalogue jobs and who is a very good photographer himself. He outsources the photography so he can run his business. It's much easier that way. I've done a fair amount of furniture photography for manufacturers and designers and it's not at all easy.

I think that there is no way/chance to make setup aka MakeItGood for this kind of stuff.
Heres a few examples. Look at number of Paths/isolations for partial corrections/additions what they applied for this shoots in path window.

He wants to be able to photograph furniture that he is selling as sets. Photo is from competitor's website.

look
without numerous pathing there is no easy setups.
From image form competitor web photo is also deeply alerted with clipping path or mask additions. Look at fake shadows on left bed leg, fake glow shadow on carpet etc. so there is not setup at all. Even if he has milky plastic floor with min 10.000 Whs under floor and also this kind off walls with strobes in this strenght.
I think this image is shooted with basic 2 softboxes and isolated with clipping path and after that they drop automatic perspective shadow and thats it + fake some more which are not so logical.
Images above which I posted are from Whirpool and Miele and I think they are much more whealthy than some ordinary furniture producer or even worse if this producers cant or dont give him them they images of they furniture. (which are digitally alerted or not)
Anyhow If you friend is producer of his furniture and want to be higher than where is now he must hire man who will do the pathing job.
With automatic setup I think that didnt work.
Only setup is this 2 or 3 or 4 strobes but without pathing there in no easy results.
Before few years I have job to do similar thing (to do isolations of furniture from nearly same angle as you postit)
and fake room is shooted in company basement with rough concrete floor and behind rough white walls in basement. I will post it if I found it in my archive, but even today with too much processing it is impossible...

Eh
finaly I found it I dont realize that 10 years are passed...
Strip shows 100% of view of quality which are more than accepted this days...

Provide one really wishes to do it again! It happened to me quite a few times: doing a boring, time consuming work for a friend hoping no one else will ask me again.

I'm lucky all our friends know we're way too busy to do out of our specialization favors .. they all gave up asking a long time ago LOL   .. I'm quick to say no to jobs I don't list as an available service.

Why not just set up a nice corner with wood floors and a neutral-colored wall? (Think "Pottery Barn" style.) Creating a cyc that big is pricey, and lighting ut with hot lights would be difficult (I personally would use strobes to isolate the background).

It never hurts to give your opinion on what you think would look best, and is more economical. Plus if he's concerned about the competition it never hurts to be different ... If I were shopping for furniture I think it would look better to see it placed in an "actual" room.