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Updated RecentlyPreferred HealthStaff vs Waterway Co-op Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Preferred HealthStaff vs Waterway Co-op including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $62,120 - $94,661 | $100,000 - And Up |
| Franchise Fee | $35,000 | $30,000 |
| Royalty Fee | 5% | 0 |
| Advertising Fee | 1% | 0 |
| Year Founded | 2009 | - |
| Year Franchised | 2014 | - |
| Term Of Agreement | 5 years +5 +5 +5 | - |
| Term Of Agreement | 5 years +5 +5 +5 | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | You are not required to have a background in the healthcare field. We look for you having: A positive attitude and resourcefulness Natural sales abilities and the willingness to go “above and beyond” on behalf of clients We prefer franchise owners who will be directly involved in the operations and growth of their Preferred HealthStaff franchises You may have a spouse, a business partner, or administrative staff assist you with running the business. We expect that franchisees have the right amount of capital to invest in the business. | You must have an interest in the fire-fighting industry. Ideally be a career or volunteer fire-fighter or know someone with that background who can participate. Should be able to find funds for the one time franchise fee of $30,000, which gives you the rights to the custom built Waterway testing system, the marketing and advertising designs, network support and training, the 24 hour software test record program.. and 20 years of experience! Plus a further $30,000 for all the hose and ladder testing equipment- the pump, adaptors, hose rolling tables, ladder testing tools... everything you need to get started. This EXCLUDES the trailer which will need to be purchased separately for approx $6,000. You should allow for a further $15,000 - $25,000 to cover 'soft' costs such as insurance, admin, crew clothing, working capital etc. |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | You and two key staff members will receive initial at-home training for up to two weeks in total, covering caregiver training, software training, and more. This will be followed by up to five days of training at our corporate support center, covering additional caregiver and software training, as well as marketing, business management, and other important issues. | - |
| Support | A representative of Preferred HealthStaff will spend up to five days with you during your initial months of operation, assisting you and your staff on-site at your local office. Access to all Preferred HealthStaff's trademarks, and our established business model and procedures. A copy of our confidential operations manual to help you run your franchise business properly on a day-to-day basis. | - |
| Marketing | - | |
| Operations | We prefer franchise owners who will be directly involved in the operations and growth of their Preferred HealthStaff franchises You may have a spouse, a business partner, or administrative staff assist you with running the business. | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Preferred HealthStaff
- Veteran Incentives 20% off franchise fee
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About Waterway Co-op
Waterway is the fastest growing fire-hose testing company in the USA through its rapidly expanding franchise network. In most States, no formal competition anywhere means you can build your given territory your way. State of the art equipment means most efficient system for Fire Departments and virtual guarantee of repeat business. You can benefit from 30 years of experience and trade secrets. Profit opportunities from numerous services and products lead to highly lucrative returns. Low risk, steady growth and relatively low investment costs. Recession proof.. hose testing is an annual NFPA requirement. On going training and franchise support always available.. you're IN business yourself but not BY yourself. Build your own financial future with a proven business model and the experience of 30 years in the business.