The average startup costs to open an ARCpoint Labs franchise are between $200,000-$362,000. This includes a $54,500 franchise fee that is paid upon the signature of your Franchise Agreement, as well as technology fees, training fees and approximately six months of working capital and lab buildout costs. A $5,000 training fee discount is available to veterans of the United States Armed Forces.
Item 5 of the Franchise Disclosure Document you will receive during your onboarding process details the initial fees paid to us in order to get started. The chart in Item 7 details the estimated initial investment, including miscellaneous expenses you may incur for equipment, inventory and more.
- COSTS, FEES, AND MORE
- AVERAGE INITIAL INVESTMENT FOR ONE FRANCHISE: $175,300-$342,220
- FRANCHISE FEE: $54,500
$5,000 DISCOUNT TO VETERANS - MINIMUM NET WORTH: $400,000
- LIQUIDITY: $90,000 – $110,000
- PERSONAL CREDIT SCORE: 710+
- NO PERSONAL OR BUSINESS BANKRUPTCIES IN THE PAST FIVE YEARS
Many of our franchisees utilize external financing, such as SBA loans or 401(k) rollovers, to fund the initial investment of their business. The ARCpoint Labs Franchise Development Team is happy to assist prospective owners in understanding their funding options and requirements.
A major benefit of the ARCpoint Labs franchise model is the ability for entrepreneurs to begin earning revenue almost immediately—even without a brick-and-mortar testing location. This is possible thanks to our affiliation and partnerships with several thousand lab collection sites nationally. As ARCpoint Lab franchisees progress through our comprehensive training program, they eventually open an approximately 1,500 square-foot diagnostic test franchise location and mobile testing process operated by two to three on-site employees. This model helps delay and even offset some startup costs.