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Updated RecentlyARCpoint Labs Franchise
Medical Drug and Lab Testing
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.
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.
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
It's time to give yourself permission to build your days around what's important to you! You're in Control!
For more information, complete our FREE FRANCHISE ADVICE form!
How much does it cost to open a ARCpoint Labs Franchise?
The investment required to open a ARCpoint Labs Franchise is between $156,250-$377,725. There is an initial franchise fee of $49,500 which grants you the license to run a business under the ARCpoint Labs name.
Individual Unit Costs
- Initial Investment:
$156,250-$377,725 - Initial Franchise Fee:
$49,500 - Royalty Fee:
7% - Advertising Fee:
2% - Term of Agreement:
10 years
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When did ARCpoint Labs start Franchising? 2005
United States: Nationwide
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | N/A | Yes |
| Startup Costs | N/A | Yes |
| Equipment | N/A | Yes |
| Inventory | N/A | Yes |
| Accounts Receivable | N/A | Yes |
| Payroll | N/A | Yes |
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
Number of Employees Required to Run: 2
Business 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.
To calculate how much income a franchise owner can do at ARCpoint Labs Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.
Listing Tags
Legal Disclaimer: This information is not a franchise offering for ARCpoint Labs and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing an ARCpoint Labs franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
ARCpoint Labs
131 Falls Street Suite 302
Greenville,
SC
29601