Franchising has proven to be a productive way to reduce the risk of business failure. According to the U.S. Department of Commerce, 90% of franchise businesses are still operating after 10 years. On the other hand, 82% of independent businesses have failed. In addition, only 8% of U.S. businesses are franchises, but they represent 40% of all retail sales in the United States. Entering into any new business can be risky and a comprehensive evaluation and due diligence is important for any prospective franchisee. Clearly, purchasing a franchise can improve the odds of making your business venture a success.
Important to any franchisee is the commitment of the franchisor to support your efforts before you open your franchise and throughout the months and years of ownership. The Radiance Franchising Group is dedicated to supporting your efforts through the life of your franchise. Here is what is included as a part of your franchise fee.
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1. Assistance with site location (Demographics and Competitive Analysis Study).
2. Assistance with commercial site acquisition and lease negotiations.
3. Medical doctor recruitment/placement.
4. Registered nurse recruitment/placement.
5. M.D. & nurse laser and light-based treatment training school.
6. All medical treatment protocols.
7. Medical Director handbook (receives at training).
8. Nurse Technician handbook (receives at training).
9. Owner/manager training school.
10. MedSpa orientation and set-up manual.
11. Owner/Management tools and resources manual.
12. MedSpa Policies & Procedures Manual (co-development).
13. Commercial (retail medicine) design blueprint.
14. Broadcast quality customized television commercials.
15. VHS patient orientation tapes.
16. Custom website.
17. Local, state & federal (included Medical Board)
.......licensing and compliance assistance.
18. Advertising & Marketing Strategy & Tactics Plan.
19. Marketing and Media Strategy Handbook.
20. Strategic Marketing alliances.
21. MedSpa software program.
22. Manufacturers direct pricing equipment package.
23. Onsite business development support.
24. Toll free licensing support.
25. Established vendor relationships for medical supplies.
26. Twenty four hour FedEx equipment lease loaner program.
27. Ongoing industry updates and newsletter.
28. Healthcare replacement recruiting.
29. Appointment consultation conversion documents.
30. Employee handbook (distributed during training)
31. Electronic copies where applicable.
32. Ongoing exposure to new technology to create
.......new profit centers.
33. A marketing system to continually market to
.......existing clients at extremely low costs.
The Radiance Medspa concept is designed to be placed in an upscale retail environment. Approximately 1,400 to 2,000 square feet of space is required. Radiance management professionals, working with several national commercial real estate firms, will provide expertise to evaluate important site selection criteria to obtain the best possible location for your Medspa. Some of the criteria evaluated includes; retail center evaluation, demographic information, traffic counts, real estate costs and leases, competition, ingress and egress, parking, location visibility, and many more.
Radiance Medspa Franchise Group works with leading architectural firms to do the interior design and layout of the Medspa. The Medspa is designed with the feeling and ambiance of a spa; tranquil and relaxing, yet thoroughly professional. The environment is quiet, soothing, with gentle colors, soft music, and the sounds of tranquil water features. The Radiance Medspa offers an environment to escape the busy world while being treated to medically professional services to improve one’s appearance.
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In an effort to help you, we’ve listed below some web links with additional information to use during your search.
International Franchise Association
The International Franchise Association, founded in 1960, is a membership organization of franchisors, franchisees and suppliers. Their web site is dedicated to providing members and guests with a one-stop shopping experience for franchise information. An excellent section to check out if you are looking into purchasing a franchise is: Answers To The 21 Most Commonly Asked Questions About Franchising.
CITI Group Inc.
CITI is a leading commercial and consumer finance company. CITI is the nation’s #1 SBA lender. CIT has been given Preferred Lender Program Status in most SBA districts. The Radiance Franchise Group can refer potential franchisees to CITI to help them answer their questions of small business lending and what options are available to them.
United States Small Business Administration
Over the past 47 years, SBA has grown in terms of total assistance provided and its array of programs tailored to encourage small enterprises in all areas. SBA's programs
now include financial and federal contract procurement assistance, management assistance, and specialized outreach to women, minorities and armed forces veterans. The SBA also provides loans to victims of natural disasters and specialized advice and assistance in international trade. Over the past 10 years, (FY 1991-2000), the SBA has helped almost 435,000 small businesses get more than $94.6 billion in loans, more than in the entire history of the agency before 1991. No other lender in this country – perhaps no other lender in the world – has been responsible for as much small business financing as the SBA has during that time.
Federal Trade Commission
The FTC governs the way franchises can be marketed and sold. This website contains a wealth of information that you should know and understand while going through your investigation into any franchise opportunity. The following page can provide you with specific information about franchise and business opportunities http://www.ftc.gov/bcp/menu-fran.htm
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