GoTelecare vs Venture X Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of GoTelecare vs Venture X including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
GoTelecare Franchise
Venture X Franchise
Investment $133,650 - $170,000$748,585 - $2,026,210
Franchise Fee $100,000$79,500
Royalty Fee 06%
Advertising Fee 01%
Year Founded 20122012
Year Franchised 20142016
Term Of Agreement -20 years
Term Of Agreement -20 years
Renewal Fee -$1K


Business Experience Requirements
 
GoTelecare Franchise
Venture X Franchise
Experience --

Financing Options
 
GoTelecare Franchise
Venture X Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/Yes
Equipment -/--/Yes
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
GoTelecare Franchise
Venture X Franchise
Training -On-The-Job Training: 8 hours Classroom Training: 23 hours
Support -Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing -Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations -Absentee Ownership Allowed

Number of Employees Required to Run: 2

Expansion Plans
 
GoTelecare Franchise
Venture X Franchise
US Expansion YesYes
Canada Expansion -No
International Expansion -Yes

Company Overviews

About GoTelecare

GoTelecare is a leading provider of business and knowledge process services in healthcare domains. We deliver proprietary technologies, workflow and business processes to meet our clients’ expectations and enhance their operational capabilities. With our understanding of the healthcare industry and leading technological capabilities, we are well-positioned to assist our clients financial growth.
In most medical billing franchises, the franchisee is required to enter claims and work collections on behalf of the client. At GoTelecare, once the client is contracted, we handle the transition, implementation, on-boarding, and continue to submit the claims and handle processing and collections on your behalf. Key benefits for franchisees include: Low initial franchise price compared to other franchise types Franchisee office is company headquarters, with hours determined by franchisee Ongoing, residual income from recurring patient consultations and billing services Unmatched training, marketing materials & sales support provided by GoTelecare Sales prospect lead identification and virtual assistant support to help book sales meetings

About Venture X

The days of working in a cramped cubicle are over for many people in today’s mobile work world. That has led to a rise of coworking spaces that allow for environments that are collaborative, inspiring, and stimulating.
By 2020, The Bureau of Labor Statistics estimates 65 million Americans will be freelancers, temps, independent contractors, or entrepreneurs, making up a full 40% of the workforce. Venture X provides an attractive opportunity for those workers who want to benefit from a rich work community.
Like other “sharing” industries, Venture X franchisees simply provide the modern workspace and members buy private memberships, giving them access to open areas or private offices, whichever they prefer.
Many business models today are built on this collaborative model including transportation and vacation destination sharing. Venture X is at the forefront of this growing trend. Venture X’s unique combination of open space mixed with higher revenue private offices allows for higher income opportunities. Additional revenue can be generated from event hosting to further increase the bottom line of each location.

Veteran Incentives  10% off franchise fee
#319 in Franchise 500 for 2021.   Not in Franchise 500 for 2020.