|
Below is an in-depth analysis and side-by-side comparison of Passport Health vs Vital Dent including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $29,500 - $69,500 | $512,500 - $797,000 |
Franchise Fee | $25,000 | $45,000 - $60,000 |
Royalty Fee | 7-5% | 5% |
Advertising Fee | - | - |
Year Founded | 1995 | 1989 |
Year Franchised | 1997 | 1995 |
Term Of Agreement | 10 years | 10years |
Term Of Agreement | 10 years | 10years |
Renewal Fee | $3K | $3000/ treatment room |
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 | - | - |
Support | Newsletter, Meetings, Field operations/evaluations | - |
Marketing | - | - |
Operations |
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 | - |
Canada Expansion | No | No |
International Expansion | Yes | No |
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.
Vital Dent, a well-respected leader in the dental health care field, is a multi-national company which began business in Spain in 1989. Started first as a dental prosthetics business, in 1991 the company began developing dental offices. Then in 1995, Vital Dent established its franchise system.
Vital Dent owns and operates 23 company offices and 160 franchised offices in Spain, with another 10 franchised offices in Portugal and 2 offices being built in Italy.
The Vital Dent franchise network is now being developed in the United States.