Recognition Express vs Thriveworks Franchise Comparison

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

Start-Up Costs and Fees
 
Recognition Express Franchise
Thriveworks Franchise
Investment $82,100 - $118,500$16,700 - $79,282
Franchise Fee $29,500$10,000 - $20,000
Royalty Fee 4-6%3%
Advertising Fee -1%
Year Founded 19722008
Year Franchised 19742013
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements
 
Recognition Express Franchise
Thriveworks Franchise
Experience --

Financing Options
 
Recognition Express Franchise
Thriveworks Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/-
Start-up Costs No/No-/-
Equipment No/No-/-
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support
 
Recognition Express Franchise
Thriveworks Franchise
Training -On-The-Job Training: 1-2 days Classroom Training: 3 days Additional Training: At company-owned center
Support -Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations
Marketing --
Operations --

Expansion Plans
 
Recognition Express Franchise
Thriveworks Franchise
US Expansion -Yes
Canada Expansion No-
International Expansion No-

Company Overviews

About Recognition Express

Recognition Express is an award-winning B2B franchise which specializes in corporate branded merchandise.

Our franchisees build and maintain relationships through customer contact and communication so as to grow and develop the business. The franchise can be run from home to save on initial costs though most franchisees do in fact operate out of a small business unit. Franchise owners receive full training and on-going business support which allows them to create the work/life balance that suits them.

About Thriveworks

A Thriveworks franchise is a unique turn-key counseling business opportunity unlike anything else in the field. Thriveworks is the country’s fastest growing brand of counseling centers and offers well-qualified franchisees a therapy practice with:

A Thriveworks practice could be the right investment for your career and future.  Are you ready?

The Initial Franchise Fee is $10,000 to convert an existing practice into a Thriveworks center (“Conversion Model”) or $20,000 for a new startup center (“Standard Model”) with exclusive rights to operate in a specific area as defined by the franchisor. Additional franchises will be available for a reduced fee of $5,000 per Franchise.
The total investment necessary to begin operation of a Thriveworks Franchise ranges from $16,700 to $31,800 for a Conversion Model and from $36,100 to $79,282 for a Standard Model which will depend on a number of factors that are fully discussed in Item 7. This includes the Initial Franchise Fee of $10,000 for a Conversion Model or $20,000 for a Standard Model (as discussed in Item 5) that must be paid to Thriveworks Franchising LLC or an affiliate.