Synergy Healthcare Resources Franchising
At a Glance
Products & Services: Practice management solutions, medical billing & related services
Number of Locations: 3
Total Investment: $69K - 91.3K
Founded: 2003
Began Franchising: 2008
Private Owned
Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2009 | 2 | 0 | 0 | 1 |
| 2008 | 1 | 0 | 0 | 1 |
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Startup Costs, Ongoing Fees and Financing
Total Investment: $69,000 - $91,300
Franchise Fee: $35,000
Ongoing Royalty Fee: Varies
Term of Franchise Agreement: 5 years, renewable
Franchise Fee: $35,000
Ongoing Royalty Fee: Varies
Term of Franchise Agreement: 5 years, renewable
Financial Requirements
Net Worth: $50,000 - $75,000
Liquid Cash Available: $10,000 - $15,000
Operations
Franchise can be run from home. Number of employees needed to run franchised unit: 2 - 4. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters: 1 week. At franchisee's location: 4 months. Annual conference : 3 days.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Other marketing support: Website