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Updated RecentlyRacing Limos vs Medex Patient Transport Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Racing Limos vs Medex Patient Transport including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $39,000 - $100,000 | $105,015 - $155,240 |
| Franchise Fee | $22,500 - $77,500 | N/A |
| Royalty Fee | $291 per month on your first vehicle | 5% |
| Advertising Fee | - | - |
| Year Founded | 2002 | - |
| Year Franchised | 2003 | - |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| 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 | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | * Comprehensive course * Extensive operations manual * Personal visits * Telephone visits * Annual conference (3 days) * Networking opportunities * Website support area including message board, franchisee news, local website administration and an extensive on-line library * Toll free help line | Corporate Franchise Training provided at the Headquarters (Nashville, TN): Medex management will work with Franchisee to understand and fully grasp what an ideal location will be for the business and how the day-to-day operations work in managing the concept. It is expected that the Franchisor will provide Franchisees with approximately one week of initial training at the Franchisor's headquarters in Nashville, TN. Medex Phase I instruction will pertain to administrative, operational, and sales/marketing matters; it will also include a liberal amount of on-the-job training with the Franchisee spending time at the corporate offices and operating the corporate vehicles themselves. This training will be provided for the Franchisee and up to one other team member. Franchise Field Training provided at the Franchisee's location: On-site training typically takes place when the Franchisee commences operations of their Medex Franchise model. An experienced trainer from Medex corporate will provide on-site training for a period of three days to assist the Franchisee in the commencement of operations and facilitate a shortened ramp up time. |
| Support | - | Medex corporate has a call center and corporate team that will support franchisees and allow the franchisees to leverage an established and successful corporate "hub" providing services to the franchise operators in the field. Medex Corporate will handle the operations that would traditionally take place in the franchised office. These duties include 24/7 call answering services, patient intake, and centralized dispatch. � Invoicing � We'll report invoice amounts to you. � Scheduling � Be there on time, every time. � Route Management � Less Time and Gas = More Profits. � Call Center Support � Our Office is YOUR Office. � Office Management � Employee Recruitment |
| Marketing | * Custom newsletters and direct mail pieces * Toll free help desk * National toll free lead line * Your own Internet website * Annual national conference * Introductory print ads * Marketing brand package of promotional materials * Public relations pieces * Mobile advertising customizable presentation | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Racing Limos
Racing Limos was founded by Bryan Pease in Naples, FL in 2002 as a specialty transportation company. At its peak, Racing Limos boasted 53 active franchise locations, but the 2007-2009 downturn slid the franchise operations into difficult times.
James Albion (Dover, NH) got involved with the NH franchise as an ad agency, ZMJ Advertising (founded in 1992), and felt the company had potential more as a marketing & advertising company than a limousine service. Albion took over the Racing Limos business under his NH corporation, Racing Limos America, Inc., in April 2010.
"With the economy likely to stay in the dumper for another 10 years, and gasoline showing signs that we could see $5 - $6 per gallon, I saw the potential of the business moving into marketing and away from a luxury service. Regardless of economy, businesses advertise, and when the economy is very difficult, as it is now, businesses are looking for more creative, aggressive forms of advertising to keep moving forward. We are that aggressive, creative business."
Franchises are priced as turnkey operations, making it easier for a franchise owner to be in business and moving forward from Day 1.About Medex Patient Transport
WE BUILT THE COMPANY THAT WE'D WANT TO DO BUSINESS WITH. WE HOPE YOU DO TOO. 1)Useful is forever Bells and whistles wear off, but usefulness never does. We provide useful services that provide just what you need and nothing you don't. 2)Great service is everything We're famous for fast and friendly customer service. We work hard to make sure we live up to that reputation every day. 3)Clarity is king Buzzwords, lingo, and sensationalized sales-and-marketing-speak have no place at Medex. We communicate clearly and honestly. 4)Our customers are our investors Our customers fund our daily operations by paying for our products. We answer to them � not investors, the stock market, or a board of Medical Transportation Business directors. 5)The basics are beautiful We'll never overlook what really matters: The basics. Great service, ease of use, honest pricing, and respect for our customer's time, money, and trust. 6)No hidden fees or secret prices We believe everyone is entitled to the best price we can offer. Our prices are easy to understand, require no math, and are the same no matter who you are. 7)Patient transport should be easy Our services are intuitive. You can place orders 24/7 online or over the phone and we'll answer every question you've got. 8)Long-term contracts are obscene No one likes being locked into something they don't want anymore. Our customers can cancel at any time, no questions asked. No setup/termination fees either. Growth � Growth off the charts! When people need medical attention and are incapable of transporting themselves, as with some elderly people or the disabled, they rely on medical transport companies to get them to the clinic, treatment facility or hospital. Medical transportation companies provide safe and quick transportation for emergency and non-emergency situations. The main reasons non-emergency medical transportation make business sense is: � The US population is rapidly aging � The first of the Baby-Boomers turned 65 in 2011 � Many state and federal agencies pay for transportation benefits � Brokers are always in need of reliable transportation providers � Healthcare facilities and patients are willing to pay for transport services. Medex will create a business model that works in your geographic area and will give marketing and sales support from day one. In the United States, the proportion of the population aged >65 years is projected to increase from 12.4% in 2000 to 19.6% in 2030. The number of persons aged >65 years is expected to increase from approximately 35 million in 2000 to an estimated 71 million in 2030, and the number of persons aged >80 years is expected to increase from 9.3 million in 2000 to 19.5 million in 2030 The Systems: Computer Software We require you to use certain computer equipment and software in order to manage the Medex business model. The systems and procedures have been developed to help you scale your business efficiently and effectively, follow our model and let us help you scale your business. One of the strongest elements of the business model is the backend support including the following elements that support you and your medical transportation franchise: - Call Center Support - Centralized Dispatch - Rate Management - Outsourced office management - Billing - Standard franchise support and franchise rights