Posted by Many individuals are not inclined to work for others until the last day of their productive career. Instead, a majority of Americans would rather start a business and earn money for themselves. You would do well to consider opening a physical therapy franchise if you happen to be interested in health care. Sure, you may toy with the idea of starting a stand-alone business too but you have to go on alone with no assistance from day 1. This makes the prospect enormously challenging making the option of becoming a part of an established company quite lucrative
Physical Therapy Franchise Facts
Well, you must be well-informed and experienced in providing physical therapy to patients if you want to use these skills to make a living. It is important that you know physical therapy often termed as PT is a specific type of care provided to patients who require close assistance for pain management, ensuring mobility, and optimizing functionality. You would have no difficulty in setting up the franchise when you are an experienced physical therapist. However, you do not have to physically provide the necessary care when you are a franchise owner. Some of the aspects that you must be aware of when becoming a physical therapy franchisee include the following:-
- The primary business owner is known as the franchisor and the new players willing to use the name and knowledge of the brand are referred to as franchisees
- A PT franchise is a business in that the primary owner or franchisor licenses the operations such as the main business along with the related products, branding, and specialized knowledge
- The franchisor will provide the facilities in exchange for a specific fee that is mentioned well in advance
- The Franchise Rule requires franchisors to reveal all the key operating information to the prospective franchisees
- The royalties paid to franchisors tend to vary according to the industry it operates in. However, it can range between 4.6% and 12.5% of the income generated by the franchisees
You may choose to open a PT franchise that provides therapies for general complaints. You may also go a step ahead and opt for a specialized PT franchise that offers any or several of the following:-
- Cardiovascular and pulmonary PT
- Decongestive PT
- Geriatric PT
- Sports Injury PT
- Neurological PT
- Orthopedic PT
- Pediatric PT
- Pelvic floor rehabilitation
- Vestibular and balance therapy
- Wound care therapy
Some of the benefits that you stand to gain by investing in a franchise with a proven reputation instead of starting your own business from scratch are:-
- Obtaining the necessary Education and Resources
- Help with Location Identification & Selection
- Marketing and Brand Resources
- Being a part of a Proven Physical Therapy Business Model
- Obtaining Vendor Partners to Reduce New Physical Therapy Practice Costs
- Becoming a part of Collaborative, Like-Minded PT Franchisees
Life is not a bed of roses when you decide in favor of buying a physical therapy franchise though. Instead, you have to weigh the pros and cons carefully before making the final decision.