|
Below is an in-depth analysis and side-by-side comparison of The Dentist's Choice vs Passport Health including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $55,400 - $59,500 | $29,500 - $69,500 |
Franchise Fee | $45,000 | $25,000 |
Royalty Fee | 5-3% | 7-5% |
Advertising Fee | - | - |
Year Founded | 1992 | 1995 |
Year Franchised | 1994 | 1997 |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 years | 10 years |
Renewal Fee | $1.5K | $3K |
Business Experience Requirements |
||
Experience | ||
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/No |
Start-up Costs | No/No | No/No |
Equipment | No/No | No/No |
Inventory | No/No | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
||
Training | Classroom Training: 40 hours | - |
Support | Newsletter Meetings/Conventions Online Support Field Operations | Newsletter, Meetings, Field operations/evaluations |
Marketing | Website development | - |
Operations |
Franchise can be run from home. 10% of all franchisees own more than one unit
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
1% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | Yes | No |
International Expansion | Yes | Yes |
The Dentist's Choice is the industry’s leading network of locally-owned dental handpiece repair businesses serving dentists throughout the United States and Canada. For nearly two decades, The Dentist's Choice has developed a reputation among dental professionals for providing quality repairs at an affordable price. Our highly-trained repair specialists are committed to providing the high level of customer service and satisfaction that our clients have come to expect from us.
Founded in 1995, Passport Health provides vaccinations, counseling and supplies to international travelers. Passport's low-cost services are offered through hospitals and stand-alone centers. Franchisees even make house calls.