Synergy Healthcare Resources Franchising
Practice management solutions, medical billing & related servicesBackground
Founded: 2003 Franchising since: 2008
Franchisor is a privately-held company with 10 employee(s); 4 employee(s) in franchise department.
Franchise Growth
Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Exclusive territories available.
Territory size: 750 physicians
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880 Eastport Centre Dr., #100 Valparaiso, Indiana 46383 |
Phone: (800)652-3500 |
Franchisor is a privately-held company with 10 employee(s); 4 employee(s) in franchise department.
Franchise Growth
| Year | U.S. Franchises | Canadian Franchises | Foreign Franchises | Company Owned |
| 2009 | 2 | 0 | 0 | 1 |
| 2008 | 1 | 0 | 0 | 1 |
| 2007 | N/A | N/A | N/A | 0 |
| 2006 | N/A | N/A | N/A | 0 |
| 2005 | N/A | N/A | N/A | 0 |
Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Exclusive territories available.
Territory size: 750 physicians
Costs and Fees
|
Total investment: $69K-91.3K Franchise fee: $35K |
Ongoing royalty fee: Varies Term of agreement: 5 years, renewable |
Type of Financing Available
| In-House | Third Party | |
| Franchise Fee | Yes | No |
| Startup Costs | Yes | No |
| Equipment | Yes | No |
| Inventory | No | No |
| Accounts Receivable | No | No |
| Payroll | No | No |
Qualifications
Net worth requirement: $50K-75K
Cash liquidity requirement: $10K-15K
Business Experience:
- General business experience
- Marketing skills
- Ability to multi-task
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)
Training and Support
Training
Ongoing Support
Marketing Support
Other marketing support
- 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