Dreaming of opening a franchise? Here’s what entrepreneurs who want to open a franchise should know before signing a franchise agreement.
CONSIDER YOUR INVESTMENT
One of the first questions that entrepreneurs who want to open a franchise are likely to ask is: How much is this going to cost? And beyond that: What will my investment cover? Initial investment costs typically include the franchise fee, marketing fees, lease, utilities, security deposits, site selection, construction costs, etc. Not all franchises require the same things, and, depending on the concept, some franchise investments may be higher than others. But regardless of the cost, it’s important to know where your money is going and ensure that you have enough working capital to grow your business.
If you’re considering healthcare as a business, American Family Care (AFC) is a thriving medical franchise in the growing urgent care industry, offering a financially competitive initial investment between $1,008,000 and $1,441,500, which includes the initial $60,000 franchise fee. Compared to other healthcare franchise investments or purchasing a business, AFC offers a financially competitive solution for you to start a business of your own, whether as a single-unit franchisee or as a multi-unit owner. We think you’ll find that buying a franchise with AFC is the best way to go about opening an urgent care clinic.
GAUGE YOUR POTENTIAL
It’s reasonable to assume that a franchise investment should provide a return for both the money and the work invested in the business, so calculations are much more complicated than they would be with a passive investment. And the expected return will hopefully be much higher. You want to see your hard work pay off.
One of the best ways to determine a franchise’s strength as a brand Item 19 of the franchise disclosure document (FDD), which outlines the business’s financial performance for the most recent year in business. Not every franchise includes an Item 19, since it’s an optional disclosure under the Federal Trade Commission (FTC). You may want to do some more digging if the brand you’re looking at left it out. While the info in the FDD is very helpful, an Item 19 should not be construed as a predictor or guarantee of any profitability. Speaking with other franchisees is a good way to gain a fuller sense of business overall.
PLAY TO YOUR STRENGTHS
Many of the best franchisors care less about your industry background and more about whether you possess an entrepreneurial spirit, a passion for quality products and customer service, and a willingness to learn.
AFC franchisees are not required to have previous experience in the medical field. Instead, strong business management and sales skills, as well as a desire to make a difference in people’s lives, are prioritized. Training and ongoing support can assist with the rest. However, many candidates with a strong medical background, including physicians, nurse practitioners, etc., may find AFC to be the perfect opportunity as entrepreneurs who want to open a franchise.
PRIORITIZE SUPPORT
Since you’re looking to buy a proven system, proper training in that system is essential to your success as a franchisee. This includes not only operational training, but also training in how to hire and train employees, financial management, and client outreach. Whether you’re an entrepreneur who wants to open a franchise for the first time or you’ve owned a business before, comprehensive training and ongoing support within your chosen brand family is essential to teach you the best practices to boost your business’ chance of success.
When you open your own AFC urgent care franchise, you’ll enjoy the freedom and independence of running your own business while receiving a support in every area possible. From pre-opening training to ongoing development support, AFC franchisees are fully prepared to hit the ground running and continue developing their skills to grow their business for years to come.
INVEST IN A HEALTHY FUTURE WITH AMERICAN FAMILY CARE
AFC has been a leader in urgent care since 1982, providing qualified franchisees the opportunity to partner with a trusted name on the cutting edge of modern American healthcare. Serving a range of communities across the country, AFC is dedicated to excellence and innovation in all we do.
To learn more about franchising with AFC, apply now.
