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Updated RecentlyARCpoint Labs vs Empire Business Brokers Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of ARCpoint Labs vs Empire Business Brokers including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $156,250 - $377,725 | $25,000 - $30,000 |
| Franchise Fee | $49,500 | $24,900 |
| Royalty Fee | 7% | $400/month or 5% |
| Advertising Fee | 2% | $100/month or 1% |
| Year Founded | 2005 | - |
| Year Franchised | 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. | At EMPIRE Business Brokers we have defined very clear policies in order to award Franchises and maximize the possibilities for success of an EMPIRE Office.
We actively seek people and offices with the following characteristics:
FRANCHISEE PROFILE
The profile of the Franchisee / Operator that has been established for EMPIRE Business Brokers is as follows:
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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 | Our Comprehensive 5 day (5 FULL DAYS!) Training Program is designed to make you a successful business broker right from the first day you open. Here are some of the subjects we cover: * Appraising the fair market value of a business. * Establishing the price. * Procuring buyers and sellers. * The techniques of successfully selling a business. * Preparation of purchase contracts. * Escrow procedures. * Advertising businesses for sale. * Evaluating financial statements. * How to set up and operate your own office. * The psychology of successful business brokerage. * Hiring and Training a salesperson. * Office policies and procedures. * Applicable accounting principals. * Legal techniques and relevant terminology. * Understanding and using the appropriate forms. Advertising - general, marketing, newspaper, magazines. * and much more! Our training facility is located in our Corporate Headquarters in Buffalo, N.Y. We do have an optional training program that we will conduct in your home city for an additional fee to help defray our travel costs. EMPIRE Business Brokers will train new agents from your office as your office continues to prosper and grow. This training is provided free of charge at our Buffalo Headquarters. You will continue to sharpen your skills by consulting with our highly trained staff. Our annual National Convention provides additional training through seminars & lectures. |
| 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 | Through or web site: * Generation of potential Buyers and Sellers leads for each EMPIRE office. * Promotion of the listings of a franchised Office with the entire EMPIRE network. * Communication to the entire EMPIRE network of new listings. * Lists of authorized service providers. * Calendar of events. * Electronic chalkboard for communication within Offices. * Access to advertising and public relations material. * Information of events and statistics generated by the EMPIRE network. * Access to informative and promotional materials of listed franchises. Additionally we carry out other activities that are standard to any Franchising System such as: * Pre-opening program. * Continuous operative assistance. * Personnel training and updates on the system. * Development and updating of Operative Manuals. * Development and updating of Corporate Image. * Operative and administrative innovations. * Creation and development of marketing and advertising activities. * Production and broadcasting of press releases. * Creation and operation of promotional seminars. * Counseling and supervision visits to offices. * Organization of Franchising conventions. * Legal assistance. * Financial assistance. With all these services, EMPIRE supplies its franchise network with all the necessary tools to generate business, operate efficiently and continue to be the undisputed leader in the business brokerage sector. |
| Marketing | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | EMPIRE Business Brokers is a franchising corporation specialized in Business Brokerage, whose main objective is to provide services that translate into tangible benefits for the investment initiatives, expansion strategies and financing of projects of Buyers, Sellers, Investors, Entrepreneurs and Franchises. EMPIRE Business Brokers has a varied array of materials that assist its Franchisees in establishing a rapid presence in their markets, and increase sales every month. Some of these are: * Website with auto-editable solutions to incorporate and edit listings of businesses and franchises. * Designs for Newspaper Ads. * Brochures. * Materials for Seminars. * Press Releases. * Telemarketing scripts. * E-mail marketing scripts. * Designs for promotional stands. * Business cards and stationary formats. Additionally, EMPIRE continuously carries out marketing activities in order to increase its business listings, franchises and buyers. Some of these activities are: * Registry of the businesses we handle in our web site. * Promotion of our web site in the most important search engines. * Ads in local Newspapers. * Ads in Specialized Magazines. * Participation in Franchise Fairs. * Creation and broadcasting of electronic bulletins to our data base. * Telemarketing. * Seminars specializing in Business Brokerage and Franchising. * Participation in Entrepreneurial Chambers and Associations. * Public Relations activities with the media. * Individual presentations to buyers, business owners and franchises in our offices. As if this wasn't enough, the EMPIRE Offices have the backing of a worldwide network of Brokers, with which they continuously exchange buyers, business and franchise prospects. |
| Operations | Number of Employees Required to Run: 2 | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About ARCpoint Labs
ARCpoint specializes in affordable Drug, Alcohol, DNA, Steroid, Background Screening and Preventive Care Wellness Testing. This multi-billion dollar testing industry continues to experience strong growth; encompassing all areas of business, government, judicial agencies, school systems, businesses and consumers.
Preventive care and corporate wellness programs are the new trend in today's society. Consumers want to be better informed about their health and are looking for affordable alternatives without a physicians order. Corporations are being proactive with employee wellness programs as industry studies are proving a substantial Return on Investment with future claim expenses and costs. Companies are requiring wellness screens in order to better assess corporate insurance premiums.
As we continue to expand, we're seeking franchise partners who possess a strong entrepreneurial spirit, that share our vision for achieving nationwide brand dominance in a proven system. Previous medical industry experience is not required to become an ARCpoint franchise owner.
The total investment necessary to begin operation of one ARCpoint Labs
Business ranges from $156,250 to $251,425, including $83,100 - $88,300
which must be paid to the franchisor or its affiliates. This includes an
initial franchise fee of $49,500, $24,500 of which is attributable to
the online operations of your ARCpoint Labs Business, and $24,500 of
which is attributable to the lab operations of your ARCpoint Labs
Business from an approved location.
The total investment necessary to
begin operation of 2-4 outlets under a Multi-Franchise Addendum ranges
from $200,850 to $377,725. This includes $137,700 to $237,300 that must
be paid to the franchisor or affiliate. Additional territories may be
purchased, upon the franchisor’s approval, for $34,900 each.
Veteran Incentives $5,000 off training fee
About Empire Business Brokers
A Business Broker is a professional executive, equipped with the knowledge to successfully complete the sale of an existing business, franchise or business opportunity. As the owner of an EMPIRE Business Brokers Franchise, you will be working on a daily basis with other professionals: business owners, buyers, seasoned entrepreneurs as well as top executives in national franchise companies.
You will serve people from all walks of life. They will come to you for help to buy or sell a business.You will be their negotiator, counselor, marketer, broker, advisor and teacher. You will shape many futures. Your personal integrity will be supremely important. You will stretch your creativity and draw on all your knowledge and experience.
Every day will be fresh and every accomplishment will be sweet.
We have successfully trained people from many walks of life to become top producers and business brokers. Our success stories include CPA's, Attorneys, Bankers, former mid to high level management executives; others who have successfully operated their own businesses, and people with a high ambition to learn. People who feel that they are ready to expand their capabilities with the leader in a dynamic and growing industry will feel at home at EMPIRE Business Brokers.
Advantages of the EMPIRE Business Brokers Franchise
The most important competitive advantages of the EMPIRE franchise are:
* Excellent levels of income and profits.
* Return on your investment in a year.
* Various profit centers with consulting services.
* Ever increasing listings of Buyers, Businesses and Franchises.
* Initial Training, Marketing and On-Going Support to the franchised network.
* Initial investment between $25,000 and $50,000 USD.