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Updated RecentlyFirst Choice Business Brokers vs ARCpoint Labs Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of First Choice Business Brokers vs ARCpoint Labs including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $61,850 - $89,750 | $156,250 - $377,725 |
| Franchise Fee | $45,000 | $49,500 |
| Royalty Fee | 10% - 7% | 7% |
| Advertising Fee | $250/mo. | 2% |
| Year Founded | 1993 | 2005 |
| Year Franchised | 2006 | 2005 |
| Term Of Agreement | - | 10 years |
| Term Of Agreement | - | 10 years |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - Strong entrepreneurial spirit - Share our vision of nationwide brand dominance - Previous medical industry experience is not required The financial qualifications to purchase a franchise can vary based on the area where you want to operate. First and foremost, you must have good credit and borrowing capacity. At a minimum, you should have a net worth of $350,000, liquid assets of no less than $50,000, and a credit score above 700. ARCpoint Franchise Group makes available a list of third party resources to assist with financing if needed. |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/Yes |
| Start-up Costs | -/- | -/Yes |
| Equipment | -/- | -/Yes |
| Inventory | -/- | -/Yes |
| Receivables | -/- | -/Yes |
| Payroll | -/- | -/Yes |
Training & Support |
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| Training | - | Classroom Training ARCpoint Labs University classroom training takes place over a period of 5 days, Monday through Friday, at corporate headquarters in Greenville, SC. Prior to attending ARCpoint Labs University, you will receive the ARCpoint Labs video training series containing approximately 18 hours of instruction on various drug testing and DNA methodologies. After completing the video training, you will take an online exam and be ready to delve more deeply into industry requirements and regulations once you arrive in Greenville. Training consists of: • Reviewing drugs of abuse and testing methodologies • Identification of target markets, sales techniques and marketing strategies • Completion of DOT compliant training • Introduction to drug testing software • Administration and office procedures • Clinical testing and worksite (corporate) wellness On-Site Lab Training While at corporate headquarters attending ARCpoint Labs University, you will have the opportunity to put your training into action. You will spend time at our affiliate lab (in Greenville, SC) shadowing, performing drug tests and learning proper lab procedures and protocols. ARCpoint Labs Training At Your Location When you’re ready to open your business, an ARCpoint Labs operational team member will visit your lab location for comprehensive operations training to include: • Office configuration and work flow • Document management • Regulatory compliance • ARCpoint Labs established protocols • Best practices On-The-Job Training: 32 hours Classroom Training: 78 hours Additional Training: Online training |
| Support | - | As an ARCpoint franchisee, you will have the support of a management team with 20 years of experience and expertise in this niche industry. We will support you in territory mapping analysis and site selection, third party financing, lease review, and office design and set up as well as: Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | - | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| Operations | - | Number of Employees Required to Run: 2 |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About First Choice Business Brokers
DON'T BUY A JOB -
GET A LIFESTYLE THAT YOUR FRIENDS WOULD DIE FOR -
Why get stuck working some business day-in, day-out without the ability to ever be free -
With your own First Choice Business Broker franchise, you have the potential to build your business into a passive income stream, giving you a life! And let's face it, isn't that what it's ALL about?
As a Business Broker you will assist business owners to sell their business by matching them with a buyer. You will also build a team of ‘Agents' that will do this for you and leverage your efforts.
IT'S POINTLESS OWNING A SUCCESSFUL BUSINESS, IF YOU DON'T HAVE A LIFE.
This is a business with low overhead, which is easy for you to get started in. It allows you to leverage your time and money through "Agents" that do the work for you. You can have these agents working for you on commission ONLY and THEY do their own marketing and close their own deals (much like in real estate). This is one of the few opportunities whereby the system is designed from the ground-up for you to build a sizeable organization and a passive income, while keeping overheads to a minimum.
This could be the last business you will ever need to start!
BECOME PART OF THE ELITE IN YOUR COMMUNITY -
Being a First Choice Business Broker will have you working with the elite level of business owners in your area. This is an executive franchise system that will allow you be a part of an elite group in your community.
SYSTEMS -
First Choice has created a business system that is second to none in the industry. We have very detailed systems on every aspect of business brokering - built from having listed almost $3 billion dollars of businesses over 13 years.
MARKETING -
It's pointless having a great system unless you are able to get the business! You will have, at your fingertips, proven marketing strategies to grow your business regardless of the economy or external factors.
TRAINING -
You will receive comprehensive training designed to take you from knowing nothing about the business. In fact our training is designed to take you from "0 to 60" in the shortest time possible. With five very full days of training at our corporate offices, to constant follow-up, 24/7 support line help and ongoing coaching - your training will be world-class and second to none!
BUSINESS BROKERING GETTING READY TO BOOM...
This is the most exciting time and opportunity for business brokerage. More than 2,000,000 businesses are sold each year and the Business Broker industry is expected to double over the next 3 years. With the baby boomers moving into retirement, corporate downsizing, and the affordability of starting a small business constantly dropping - creates massive demand for business sales. It's time for you to become part of this in-demand industry by joining the First Choice Team...
BE YOUR OWN BOSS AND ENJOY THE LIFESTYLE OTHERS ONLY DREAM ABOUT..
If you have the drive to succeed, want to help people, and are a leader, owning a First Choice Business Broker franchise may be the perfect opportunity to create an amazing lifestyle for you and your family. You have nothing to lose and everything to gain by looking closely at this amazing opportunity.