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Below is an in-depth analysis and side-by-side comparison of Pearle Vision vs The Hemorrhoid Clinic including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $77,695 - $644,264 | $140,000 - $225,000 |
Franchise Fee | $30,000 | $25,000 |
Royalty Fee | 7% | - |
Advertising Fee | 8% | - |
Year Founded | 1961 | 1987 |
Year Franchised | 1980 | 1988 |
Term Of Agreement | 10 years (co-terminus w/lease) | - |
Term Of Agreement | 10 years (co-terminus w/lease) | - |
Renewal Fee | $2.5K | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | Yes/No | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
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Training | On-The-Job Training: 86 hours Classroom Training: 32 hours Additional Training: Webinars | - |
Support | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
Operations |
55% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is NOT allowed. (97% of current franchisees are owner/operators)
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Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
The Hemorrhoid Clinic provides automated out-patient clinics for hemorrhoid and related rectal procedures. Proprietary laser techniques developed by Dr. Anning are relatively short and require minimal recuperative discomfort. The Hemorrhoid Clinic reflects a rapidly growing trend toward health and medical care franchising. The franchise is based in Oakland, California.