Signing out of account, Standby...
- 2022 Franchise 500 Rank
N/R Ranked #396 last year
- Initial investment
$149K - $347K
- Units as of 2021
93 47.6% over 3 years
Here’s what you need to know if you’re interested in opening a ApexNetwork Physical Therapy franchise.
ApexNetwork Physical Therapy is a physical therapy franchise in the United States. It started business operations in Highland, Illinois, in 1999. However, it was not until 2008 that the company began offering franchising opportunities to interested entrepreneurs. The franchised locations may offer sports rehabilitation, physical therapy, industrial rehabilitation, occupational therapy, and aqua therapy.
Multiple times in recent years, ApexNetwork Physical Therapy has been ranked in Entrepreneur's Franchise 500 based on an evaluation of more than 150 data points. These points include costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
ApexNetwork Physical Therapy offers a variety of well-thought-out business models. These models are designed in order to help maximize the growth potential of franchisees. An ideal franchisee is passionate about their patients and is motivated to follow the brand's business model.
Why You May Want to Start an ApexNetwork Physical Therapy Franchise
Many aspects of ApexNetwork Physical Therapy are designed to help franchisees run more efficient physical therapy clinics. To help you deliver the best quality services to your clients, the franchisor offers tools that assist with employee management and customer retention.
Patients come first at ApexNetwork Physical Therapy. This commitment to customer satisfaction may have played a crucial role in building a loyal customer base.
The franchising opportunity may be ideal for entrepreneurs who already own a physical therapy practice or those who would like to own one. Today, the brand has over 50 company-owned clinics and more than 25 franchised locations.
What Might Make an ApexNetwork Physical Therapy Franchise a Good Choice?
ApexNetwork Physical Therapy has created a niche market for its services. It is one of the few franchises in the United States to offer solely physical therapy. Since it does not provide other healthcare services, the brand has specialized in providing physical therapy services.
To be part of the ApexNetwork team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
ApexNetwork Physical Therapy has partnered with third-party financial lenders that may help you cover the franchise fee, startup costs, equipment, inventory, accounts receivable, and payroll. ApexNetwork Physical Therapy itself may also help you cover the costs of the franchise fee.
How To Open an ApexNetwork Physical Therapy Franchise
As you decide if opening an ApexNetwork Physical Therapy franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if an ApexNetwork Physical Therapy franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the ApexNetwork Physical Therapy franchising team questions.
About ApexNetwork Physical Therapy
- Franchising Since
- 2008 (14 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees throughout the US.
- # of Units
- 93 (as of 2021)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a ApexNetwork Physical Therapy franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $149,150 - $347,200
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- 10% off franchise fee
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 10 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- In-House Financing
- ApexNetwork Physical Therapy offers in-house financing to cover the following: franchise fee
- Third Party Financing
- ApexNetwork Physical Therapy has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 50 hours
- Classroom Training
- 53 hours
- Additional Training
- Ongoing webinars
- Ongoing Support
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesMarketing Planning & SupportSocial MediaSEOWebsite DevelopmentEmail Marketing
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- # of employees required to run
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Work with a free franchise expert and get what you need to start a ApexNetwork Physical Therapy franchise.
Franchise 500 Ranking History
Compare where ApexNetwork Physical Therapy landed on this year’s Franchise 500 Ranking versus previous years.
Curious to know where ApexNetwork Physical Therapy ranked on other franchise lists? Find out below.
Are you eager to see what else is out there? Browse more franchises that are similar to ApexNetwork Physical Therapy.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
Childcare can be a rewarding and lucrative route to franchising.
Franchising can be a turnkey solution for budding entrepreneurs.
The complaint cites numerous burgers from each chain, including the Wendy's Bourbon Bacon Cheeseburger and McDonald's Big Mac.
The Pandemic Created 'Childcare Deserts,' and This Bilingual Education Company Is Stepping In to Fill the Void
Canadian brand Maple Bear had been eyeing expansion to the U.S. for a while, but changing demographics during the pandemic finally made the time right.
Kathy Davis knows the meaning of rolling with the punches.
After 30 years and over 800 stores, McDonald's has decided to leave Russia for good following its temporary closure of stores amidst conflict with Ukraine.