Synergy Healthcare Resources Franchising

Practice management solutions, medical billing & related services

Background

Founded: 2003 Franchising since: 2008

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)