ARCpoint Labs vs World Payment Services Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of ARCpoint Labs vs World Payment Services including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
ARCpoint Labs Franchise
World Payment Services Franchise
Investment $156,250 - $377,725N/A
Franchise Fee $49,500N/A
Royalty Fee 7%-
Advertising Fee 2%-
Year Founded 20052010
Year Franchised 20052010
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements
 
ARCpoint Labs Franchise
World Payment Services Franchise
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
 
ARCpoint Labs Franchise
World Payment Services Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/Yes-/-
Start-up Costs -/Yes-/-
Equipment -/Yes-/-
Inventory -/Yes-/-
Receivables -/Yes-/-
Payroll -/Yes-/-

Training & Support
 
ARCpoint Labs Franchise
World Payment Services Franchise
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
 
ARCpoint Labs Franchise
World Payment Services Franchise
US Expansion Yes-
Canada Expansion --
International Expansion --

Company Overviews

About ARCpoint Labs

ARCpoint specializes in affordable Drug, Alcohol, DNA, Steroid, Background Screening and Preventive Care Wellness Testing. This multi-billion dollar testing industry continues to experience strong growth; encompassing all areas of business, government, judicial agencies, school systems, businesses and consumers. Preventive care and corporate wellness programs are the new trend in today's society. Consumers want to be better informed about their health and are looking for affordable alternatives without a physicians order. Corporations are being proactive with employee wellness programs as industry studies are proving a substantial Return on Investment with future claim expenses and costs. Companies are requiring wellness screens in order to better assess corporate insurance premiums. As we continue to expand, we're seeking franchise partners who possess a strong entrepreneurial spirit, that share our vision for achieving nationwide brand dominance in a proven system. Previous medical industry experience is not required to become an ARCpoint franchise owner.

The total investment necessary to begin operation of one ARCpoint Labs Business ranges from $156,250 to $251,425, including $83,100 - $88,300 which must be paid to the franchisor or its affiliates. This includes an initial franchise fee of $49,500, $24,500 of which is attributable to the online operations of your ARCpoint Labs Business, and $24,500 of which is attributable to the lab operations of your ARCpoint Labs Business from an approved location.
The total investment necessary to begin operation of 2-4 outlets under a Multi-Franchise Addendum ranges from $200,850 to $377,725. This includes $137,700 to $237,300 that must be paid to the franchisor or affiliate. Additional territories may be purchased, upon the franchisor’s approval, for $34,900 each.
Veteran Incentives  $5,000 off training fee

About World Payment Services

The road to success starts with World Payment Services, Whether you are looking for a real business opportunity as an Agent, or simply want to refer business with our state of the art Affiliate Program, with World Payment Services you can expect unparalleled support and accountability. In addition, World Payment Services enjoys one of the highest merchant account approval rates in the industry and can gain approvals in less than 24 hours. This means you maximize your income by our approving more merchants faster. Choose the option below that works best for you to maximize your income. Become an Agent - Learn more about becoming an Agent World Payment Services is looking for independent sales agents who are interested in a proven business opportunity with unlimited profit potential. Gain the flexibility to start and build your own business with an industry leader and achieve financial success. As an Agent you get: Lifetime residual income 100% of equipment and software profit Signing bonuses Healthcare bonuses Signing advances 50% of our residual share above interchange/assessments Your own website to build your business Become a Partner - Learn more about becoming a Partner Do you have customers or clients that are an asset? Are you a POS company, software developer, website design and hosting firm, have a business opportunity offering, etc.? As a Partner you get: Lifetime residual income A highly customized compensation plan An account representative to work with you Become an Affiliate - Learn more about becoming an Affiliate Earn residuals on credit card processing transactions for every merchant you send us. You can grow your business simply by adding the World Payment Services banners, links, marketing materials, and even landing pages to your websites and emailings. Everything you need is provided. As an Affiliate you get: $50 to $200 per account 20% of residuals What you expect from a leader: Training and support provided Lifetime residual income No hard selling and no hype Be part of a growing and vital industry for businesses Brand name and first class reputation Reduced rates and fees for merchants Capitalize on technological innovations Recruit your own agents or affiliates and earn even more