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- 2022 Franchise 500 Rank
#492 Ranked #380 last year
- Initial investment
$184K - $308K
- Units as of 2021
43 115.0% over 3 years
Here’s what you need to know if you’re interested in opening a Physical Therapy Now franchise.
Physical Therapy Now was founded in 2011 by Andres Zapata, a licensed occupational therapist, and clinician. Under Zapata's direction as the franchise's CEO, the brand started franchising in 2015, offering a stable, low expense, and easy to operate opportunity to clinical and non-clinical but qualified franchisees.
Physical Therapy Now has rapidly expanded within its multi-billion dollar industry segment with over 25 franchise units in the U.S. Physical Therapy Now is concentrated in the Florida and Texas areas, and they are offering more countrywide units for result-driven professionals, with or without healthcare-related experience.
Why You May Want to Start a Physical Therapy Now Franchise
In your role as a Physical Therapy Now franchisee, you'll be deploying therapy technicians into an industry that has experienced growth. Physical Therapy Now offers rehabilitation, mobility improvement, and disability-preventing physical therapy to people involved in sports, seeking a healthy lifestyle, or individuals aged 50 and over.
The franchisor has striven to set the standard for superior clientele healthcare, dealing with chronic health conditions, sports injuries, ongoing treatment, and recovery or general therapy issues. Services include chiropractic, occupational and physical therapy, and franchisees can open clinics with healthcare contracts that offer seamless patient access. You'll be offering a growing aged population service like hip, knee, or arthritic clinical treatments while catering to sports-related ailments such as ACL injuries commonly suffered by athletes.
What Might Make a Physical Therapy Now Franchise a Good Choice?
To be part of the Physical Therapy Now team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. You should also be prepared for ongoing fees that will include royalty, advertising, and renewal fees. Typical terms of agreement run for a renewable period of 10 years.
Physical Therapy Now has partnered with third-party financial lenders to help you cover the franchise fee, startup cost, equipment, inventory, and payroll.
Franchisees will also need to meet the franchise's set net worth and liquid capital requirements.
Many states allow you to open a Physical Therapy Now franchise if you're not a certified therapist, and you can hire staff while the franchisor offers tools to keep your overheads low. Physical Therapy Now will likely provide you with hands-on training in administrative, marketing, and clinical aspects of operating your location.
How To Open a Physical Therapy Now Franchise
To begin your journey of opening a Physical Therapy Now franchise, you must first submit an inquiry form.
If the brand thinks you may be a good fit, you may receive further information on the franchise, along with the Franchise Disclosure Document. As you decide if opening a Physical Therapy Now franchise is the right decision for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a franchise location would do well in your community.
After completing your due diligence, a franchise development officer from Physical Therapy Now will schedule a face-to-face meeting with you where you'll discuss the business model, application process, hiring, training, discovery day, patients, and opening your new clinic. Along with your investment, the franchisor will provide on-the-job and classroom lessons, online training, ongoing and marketing support once you have opened your franchise doors.
About Physical Therapy Now
- Franchising Since
- 2015 (7 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming
- # of Units
- 43 (as of 2021)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Physical Therapy Now 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
- $183,870 - $308,435
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
- $200,000 - $400,000
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.
- Third Party Financing
- Physical Therapy Now 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
- 40 hours
- Classroom Training
- 40 hours
- Additional Training
- Online training
- Ongoing Support
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
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.
Franchise 500 Ranking History
Compare where Physical Therapy Now landed on this year’s Franchise 500 Ranking versus previous years.
Curious to know where Physical Therapy Now 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 Physical Therapy Now.
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