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Updated RecentlyThe Organization Supporting Business Owners vs ARCpoint Labs Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of The Organization Supporting Business Owners vs ARCpoint Labs including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $25,000 | $156,250 - $377,725 |
| Franchise Fee | N/A | $49,500 |
| Royalty Fee | - | 7% |
| Advertising Fee | - | 2% |
| Year Founded | - | 2005 |
| Year Franchised | - | 2005 |
| Term Of Agreement | - | 10 years |
| Term Of Agreement | - | 10 years |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - Strong entrepreneurial spirit - Share our vision of nationwide brand dominance - Previous medical industry experience is not required The financial qualifications to purchase a franchise can vary based on the area where you want to operate. First and foremost, you must have good credit and borrowing capacity. At a minimum, you should have a net worth of $350,000, liquid assets of no less than $50,000, and a credit score above 700. ARCpoint Franchise Group makes available a list of third party resources to assist with financing if needed. |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/Yes |
| Start-up Costs | -/- | -/Yes |
| Equipment | -/- | -/Yes |
| Inventory | -/- | -/Yes |
| Receivables | -/- | -/Yes |
| Payroll | -/- | -/Yes |
Training & Support |
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| Training | - | Classroom Training ARCpoint Labs University classroom training takes place over a period of 5 days, Monday through Friday, at corporate headquarters in Greenville, SC. Prior to attending ARCpoint Labs University, you will receive the ARCpoint Labs video training series containing approximately 18 hours of instruction on various drug testing and DNA methodologies. After completing the video training, you will take an online exam and be ready to delve more deeply into industry requirements and regulations once you arrive in Greenville. Training consists of: • Reviewing drugs of abuse and testing methodologies • Identification of target markets, sales techniques and marketing strategies • Completion of DOT compliant training • Introduction to drug testing software • Administration and office procedures • Clinical testing and worksite (corporate) wellness On-Site Lab Training While at corporate headquarters attending ARCpoint Labs University, you will have the opportunity to put your training into action. You will spend time at our affiliate lab (in Greenville, SC) shadowing, performing drug tests and learning proper lab procedures and protocols. ARCpoint Labs Training At Your Location When you’re ready to open your business, an ARCpoint Labs operational team member will visit your lab location for comprehensive operations training to include: • Office configuration and work flow • Document management • Regulatory compliance • ARCpoint Labs established protocols • Best practices On-The-Job Training: 32 hours Classroom Training: 78 hours Additional Training: Online training |
| Support | - | As an ARCpoint franchisee, you will have the support of a management team with 20 years of experience and expertise in this niche industry. We will support you in territory mapping analysis and site selection, third party financing, lease review, and office design and set up as well as: Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | - | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Operations | - | Number of Employees Required to Run: 2 |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About The Organization Supporting Business Owners
NO LONGER FRANCHISING
OSBO is expanding our local consulting and training benefits through franchise territories. Our OSBO franchisees will have access to the latest technology, to manage their database, develop reports and handle the accounting for the membership. Each franchise territory will have its own locally branded website for posting local events and member information.
We offer our franchisees a business with low overhead and no requirements of a physical location. For more information about an OSBO Franchise, please contact OSBO Franchising, LLC at [email protected] e-mail address is being protected from spam bots, you need JavaScript enabled to view it and visit our membership site at http://www.osbo.org/.
Benefits of an OSBO Franchisee
REASONS TO BECOME AN OSBO FRANCHISEE
* An exciting new franchise concept
* Five years of success
* Exclusive territory
* Low overhead
* No physical location is required
* Accounting and merchant fees managed by Corporate Office
* Locally branded website
* Online reporting
* Online database
* Low monthly fees
* Builds visibility in the business community for the franchisee
* A great compliment to an existing sales and business support service company
* Complimentary to other franchise concepts and franchise ownership
A GREAT PRODUCT THAT BUSINESS OWNERS NEED
OSBO membership benefits are a product that any business owner could use.
A low annual fee makes it an easy decision for a business owner to join.
Benefits extend to the employees of the member firms making it attractive to a business of any size.
Association Health programs make membership a great advantage to small business owners without existing health plans.
REVENUE STREAMS FOR FRANCHISEES
Franchisees receive 70% of revenue from memberships and local consulting fees and all of the local revenue from local events.
OSBO offers a tiered membership program based on the number of locations that a company has in a franchise territory increasing the revenue opportunity for the franchisee.
OSBO has local consulting teams that pay an additional monthly fee to become the consultant in their category.
Since OSBO membership benefits include the employees of each member firm, companies with multiple locations pay higher membership fees.
The membership fees are annual giving the franchisee residual income when the members renew.