Start-Up Costs and Fees |
||
| MEDIchair | Fastest Labs | |
| Investment | 350000 - 350000 | 79900 - 114150 |
| Franchise Fee | ||
| Royalty Fee | 5% of annual gross sales | 7% |
| Advertising Fee | ||
| Year Founded | 1985 | 2000 |
| Year Franchised | 0 | 2010 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| MEDIchair | Fastest Labs | |
| Experience | ||
Financing Options |
||
| MEDIchair | Fastest Labs | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| MEDIchair | Fastest Labs | |
| Training | Classroom Training: 35 hours | |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform | |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | |
| Operations | Number of Employees Required to Run: 1 - 3 | |
Expansion Plans |
||
| MEDIchair | Fastest Labs | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| MEDIchair | |
| Fastest Labs | |
| Franchise Fee | |
| MEDIchair | |
| Fastest Labs | |
| Royalty Fee | |
| MEDIchair | 5% of annual gross sales |
| Fastest Labs | 7% |
| Advertising Fee | |
| MEDIchair | |
| Fastest Labs | |
| Year Founded | |
| MEDIchair | 1985 |
| Fastest Labs | 2000 |
| Year Franchised | |
| MEDIchair | 0 |
| Fastest Labs | 2010 |
| Term Of Agreement | |
| MEDIchair | |
| Fastest Labs | |
| Renewal Fee | |
| MEDIchair | |
| Fastest Labs | |
Business Experience Requirements |
|
| Experience | |
| MEDIchair | |
| Fastest Labs | |
Financing Options |
|
| Franchise Fees | |
| MEDIchair | |
| Fastest Labs | |
| Start-up Costs | |
| MEDIchair | |
| Fastest Labs | |
| Equipment | |
| MEDIchair} | |
| Fastest Labs | |
| Inventory | |
| MEDIchair | |
| Fastest Labs | |
| Receivables | |
| MEDIchair | |
| Fastest Labs | |
| Payroll | |
| MEDIchair | |
| Fastest Labs | |
Training & Support |
|
| Training | |
| MEDIchair | |
| Fastest Labs | Classroom Training: 35 hours |
| Support | |
| MEDIchair | |
| Fastest Labs | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform |
| Marketing | |
| MEDIchair | |
| Fastest Labs | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Operations | |
| MEDIchair | |
| Fastest Labs | Number of Employees Required to Run: 1 - 3 |
Expansion Plans |
|
| US Expansion | |
| MEDIchair | |
| Fastest Labs | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| MEDIchair | 0 |
| Fastest Labs | |
| International Expansion | |
| MEDIchair | |
| Fastest Labs | |