Compound Profit vs GoTelecare Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Compound Profit vs GoTelecare including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$25,000 | $133,650 - $170,000 |
Franchise Fee |
$15,000 | $100,000 |
Royalty Fee |
6% | 0 |
Advertising Fee |
- | 0 |
Year Founded |
2006 | 2012 |
Year Franchised |
2006 | 2014 |
Term Of Agreement |
- | - |
Term Of Agreement |
- | - |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
- | - |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
-/- | -/- |
Start-up Costs |
-/- | -/- |
Equipment |
-/- | -/- |
Inventory |
-/- | -/- |
Receivables |
-/- | -/- |
Payroll |
-/- | -/- |
Training & Support |
Training |
- | - |
Support |
- | - |
Marketing |
- | - |
Operations |
- | - |
Expansion Plans |
US Expansion |
- | Yes |
Canada Expansion |
- | - |
International Expansion |
- | - |
Company Overviews
About Compound Profit
Compound Profit provides working capital and equipment to companies, while its "Profit Advisors” simultaneously coach clients on how to create credit assets, increase earnings, and decrease losses and risk. With decades of experience in finance and business, Compound Profit’s team empowers clients with the know-how to make their companies profitable and healthy. This approach stabilizes small- to medium-sized ventures and positions them for increased funding opportunities. Launched in Texas, Compound Profit has expanded nationwide and operates under a successful franchise model. With its national expansion, Compound Profit is growing to 300 franchised locations across the United States and will employ 6,000 account executives.
Owning a Compound Profit franchise is like owning several franchises in one
because you provide multiple fundamental business services to your
clients.
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