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Updated RecentlyARCpoint Labs vs Transworld Business Advisors Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of ARCpoint Labs vs Transworld Business Advisors 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 | $74,855 - $97,185 |
| Franchise Fee | $49,500 | $49,500 |
| Royalty Fee | 7% | 8% |
| Advertising Fee | 2% | $150/mo. |
| Year Founded | 2005 | 2010 |
| Year Franchised | 2005 | 2010 |
| 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 | Transworld Business Advisors will provide complete training and support on all indispensable services needed to buy or sell a business, including: *Listing a business for sale *Providing business valuations *Identifying and qualifying buyers *Marketing a business *Arranging financing *Managing due diligence *Coordinating closing *Guiding buyers and sellers through the entire sales process You receive the training and support that incorporate proven techniques so that you can achieve success fast. You have access to a network of business owners who have been through the exact same experience. Networking and support from other owners is a priceless resource in business ownership. On-The-Job Training: 33 hours Classroom Training: 70 hours |
| 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 | Ongoing Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing | Co-op Advertising Ad Templates 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 | Yes |
| Canada Expansion | - | - |
| International Expansion | - | Yes |
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 Transworld Business Advisors
Transworld Business Advisors began in 2007 by Transworld Business Brokers and United Franchise Group
Transworld Business Advisors is basically three integral organizations moved into one: business financier, establishment counseling, and establishment advancement. The financier side effectively puts purchasers and dealers of organizations together; the establishment counseling side gives business visionaries access to more than 200 pre-screened establishment, and the establishment advancement benefit helps individuals in developing their organizations through diversifying.
Transworld Business Advisors has more than 25 years business financier and establishment encounter, and has helped a great many individuals in the buy and offer of organizations. Full preparing and support, no experience is fundamental.
Master License Opportunities Globally
We also award very unique MASTER LICENSE opportunities for targeted countries/regions to qualified individuals and companies.
A master license grants the owner the exclusive development privileges for the brand and generates a very positive cash flow stream from the selling of franchises and collecting royalties.
Veteran Incentives 10% off franchise fee
#119 in Franchise 500 for 2020.