QC Kinetix Franchise Costs $227K – $496K (+ 2024 Profits)

QC Kinetix is a regenerative medicine franchise established in 2017, known for providing non-surgical treatments that utilize the body’s own healing mechanisms to address joint pain and musculoskeletal disorders. 

Headquartered in Charlotte, North Carolina, QC Kinetix has seen substantial growth in the franchising world, entering the franchise market also in 2017. This growth is highlighted by its recent rankings on prestigious lists such as Entrepreneur Magazine’s Franchise 500, showcasing its strength and vitality in the franchise industry. 

The company has been recognized for its significant market presence and innovative treatments. The franchise distinguishes itself from competitors by focusing on personalized patient care and utilizing state-of-the-art regenerative therapies.

Note: The table above provides a snapshot of the main costs associated with starting the most common franchise format (as disclosed in the Item 7 of the Franchise Disclosure Document). For a complete overview of all the expenses involved with the various formats offered by the franchisor, please consult the Franchise Disclosure Document.

Initial Franchise Fee

The initial franchise fee is $55,000, payable as a lump sum at the signing of the Franchise Agreement.

Royalty Fee

Royalty fees are 8% of weekly Gross Revenues, with a minimum royalty of $1,000 for months 3-5 after opening, and $1,500 starting from month 6 onwards.

Marketing/Advertising Fee

Franchisees must initially spend $20,000 in the first month on local marketing. This amount may increase up to $40,000 monthly based on market conditions.

Lease or Rent Fee

Lease or rent fees typically involve leasehold improvements, which vary widely, with expenses for improvements ranging from $0 to $204,480, depending on the arrangement with the landlord or general contractor.

Renewal Fees

The renewal fee is ten percent of the then-current initial franchise fee, payable prior to the execution date of the successor Franchise Agreement.

Franchise pros and cons

The Pros

• Semi-absentee ownership is allowed: The franchise presents its franchisees with a passive investment opportunity. Franchisees can operate their franchises and keep their day jobs.
• Exclusive territory protection: The franchisor grants its franchisee the right to operate in a protected territory. As long as the franchisees comply with the terms of the agreement, it does not allow any other QC Kinetix franchise in the designated area.
• Third-party financing: The franchisor has relationships with third-party partners to fund its franchisees with financing for their franchise fee, startup fee, equipment, inventory and payroll.
• Training and support: The franchisor provides its franchisees with 23 hours of on-the-job training and 17 hours of classroom training to help them learn the basics of its business concept and systems, operations, staff management and customer service.
• Marketing and publicity: QC Kinetix offers its franchisees solid marketing and advertising channels to increase their lead generation, conversions and sales. Franchisees can leverage national brand popularity with social media, digital and online promotional campaigns and local store advertising to reach a wider target market.
• Site selection and development: The franchisor helps franchisees identify a suitable location for their clinics in terms of demographics and growth potential. It also helps them with lease negotiations and the setup of their clinics.

The Cons

• Not a home-based opportunity: The franchise cannot be operated from home. Franchisees must have an office space, a retail facility or a warehouse to operate in.
• Not a part-time business: The franchisor requires franchisees to have their clinics open full-time as per their standard working hours.
• Lack of global presence: The franchise does not have locations outside the US. Marketing in international markets may be difficult.

How to open A QC Kinetix franchise

Opening a QC Kinetix franchise involves several steps, designed to ensure you are a good fit for the franchise. Here are the main steps to follow to open a QC Kinetix franchise.

1: Research and Understand the Franchise Model

• Learn about QC Kinetix and its business model, including the services offered, target market, and competitive advantages.
• Understand the financial requirements such as initial investment, franchise fees, and ongoing royalties.

2: Initial Inquiry and Application

• Contact QC Kinetix through their official website to express your interest in opening a franchise.
• Complete the franchise application form to provide your financial information and background.

3: Attend Discovery Day

• Attend a Discovery Day, an event that QC Kinetix typically hosts for potential franchisees to learn more about the business.
• Use this opportunity to meet existing franchisees and key franchise management, and ask detailed questions about operations and expectations.

4: Review Franchise Disclosure Document (FDD)

• Carefully review the Franchise Disclosure Document provided by QC Kinetix. This document contains essential details about the franchise, including legal obligations, costs, and the support structure.
• Consult with a franchise attorney to better understand the terms and conditions of the franchise agreement.

5: Secure Financing

• Determine the total investment required and assess your funding options, such as personal savings, loans, or third-party financiers.
• Ensure that you have the required capital as outlined in the FDD to support the opening and ongoing operations of the franchise.

6: Site Selection and Approval

• Work with QC Kinetix to identify and select a suitable location for your clinic based on market research and demographic studies.
• Get approval from the franchisor for the chosen site to ensure it meets all brand standards and market needs.

7: Training and Development

• Participate in the training programs offered by QC Kinetix, which are designed to prepare franchisees to operate their clinics effectively.
• These programs typically cover clinical operations, use of technology, customer service, and business management.

Disclaimer

Disclaimer: This content has been made for informational and educational purposes only. We do not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the information presented in the article. You should not construe any such information or other material as legal, tax, investment, financial, or other professional advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.

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