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Below is an in-depth analysis and side-by-side comparison of Macy's Vision Express vs The Hemorrhoid Clinic including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $350,000 - $685,000 | $140,000 - $225,000 |
Franchise Fee | $15,000 | $25,000 |
Royalty Fee | 7% | - |
Advertising Fee | - | - |
Year Founded | 1996 | 1987 |
Year Franchised | 2002 | 1988 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/Yes | -/- |
Payroll | No/Yes | -/- |
Training & Support |
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Training | Monthly support | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
Operations |
75% of all franchisees own more than one unit Number of employees needed to run franchised unit: 8 - 15
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
NO LONGER FRANCHISING
The Hemorrhoid Clinic provides automated out-patient clinics for hemorrhoid and related rectal procedures. Proprietary laser techniques developed by Dr. Anning are relatively short and require minimal recuperative discomfort. The Hemorrhoid Clinic reflects a rapidly growing trend toward health and medical care franchising. The franchise is based in Oakland, California.