Buying a medical franchise is one of the most important investments you’ll make in your lifetime, and doing it wrong could result in a severe loss of money, time, and effort. That is why it is necessary to do it right, and having a team by your side with a franchisor you can trust can mean all the difference. These are the questions that you should ask your franchisor, as well as the answers from Men’s Vitality Center:
How Much Am I Expected To Make?
While the answer to this question is entirely based on industry trends, demographics in your specific area, and your dedication to making your business great, it is an important point to ask and research. A more appropriate question may be: how much does the average franchisee make?
At Men’s Vitality Center, we work to always be open and honest with you about your investment. This means that we will meet with you whenever you need us to so you can understand how the other Men’s Vitality Centers are doing, as well as how well other men’s health clinics are doing in your area.
How Much Am I Expected To Invest?
Franchises, in general, will require several hundreds of thousand of dollars to start. In addition, you’ll have to pay a fee to the franchisor for licensing and other help and materials. A franchise is a business with the added benefit of a name that people already trust, so expect to invest as much as you would if you were starting from scratch.
At Men’s Vitality Center, we work hard to be upfront with all of our franchisees. In general, the licenses, paperwork, fees, and other costs that are involved with starting one of our clinics will add up to be between $450,000 and $1.25 million. See our financial requirements and learn more today.
How Long Will It Take For Me To Break Even?
While this question is again subject to your specific area and investment in your business, your franchisor should have a good idea for when you will begin to see some profits.
At Men’s Vitality Center, we generally start seeing our franchisees begin to profit after year 2 or 3, although this is not a guarantee.
Do You Offer Financing Options?
Because the startup cost is going to require a large financial commitment on your behalf, it is important for you to understand your options.
At Men’s Vitality Center, we offer financing assistance to certain candidates who qualify. This assistance can cover everything from startup and construction costs to marketing, but it is in no way guaranteed to any of our franchisees. Contact us today to find out if you qualify.
What Territories Are Open To Me?
Because franchises don’t want to compete with each other, there may not be any territories open to you in your area.
At Men’s Vitality Center, we are passionate about providing our business owners with the opportunity to thrive. This means that we have strategically placed our territories so that you don’t have to worry about competing with your neighbor. Call now to learn which territories are still open.
What Are Your Royalty And Franchising Fees?
You should always know going into a franchise how much your franchisor is planning to take from your profits so you can plan intelligently.
At Men’s Vitality Center, we only charge a low royalty of six percent and an initial fee of $40,000 so you have the chance to make your location truly succeed.
Contact us with any questions you may have, and get started today!