5/10

Franchimp Summary Rating

8 /10
Lower than 27% of peers

Franchise Summary

Description
We offer a franchise for a business using the 'FOOT SOLUTIONS' service mark and trade name offering foot care services, including computer foot scanning, custom, upgrade accommodative insoles, orthotics, arch supports and a line of specialty shoes and foot care products. Although we are not a medical type of facility, some of our stores do work with Medicare and the medical community. If this is an area of our business model you are interested in, we suggest you also review the current requirements in your state.
Company Background
Founded in 2004, Foot Solutions is a franchised professional foot care business with over 250 locations nationwide. With over 30 years of combined experience as podiatrists and pedorthists, our founder Dr. Frank Hinkin has developed the most advanced and comprehensive foot care program available today. Our doctors specialize in diabetic treatments, bone spur removal, wound healing management and reconstruction surgery for those who have lost their toes or feet to diabetes or other medical conditions. All of our franchisees are skilled professionals that understand the value of a healthy lifestyle and commitment to customer service excellence."
Franchise Opportunity
Aching feet are a common problem, and one that is often neglected. Neglecting your feet can lead to all sorts of problems, including pain, infection, and even arthritis. Foot Solutions offers a unique franchise opportunity for those interested in providing foot care services. Our team of experts provides training and support so you can deliver the highest quality foot care possible.
Corporate Structure
We are a Georgia corporation, with our principal place of business located at 223 Roswell St., Suite 202, Alpharetta, Georgia 30009. We were founded on August 21, 2000. We and our franchisees conduct business under the trade names and service marks, 'FOOT SOLUTIONS'. We began offering franchises in September 2000. We are not engaged in any other business activities and have not offered franchises in any other line of business. We have offered an FS License Agreement for a business component within an existing business practice, but this license is no longer offered. In February 2020, Foot Solutions, Inc. was purchased from the original owner of 20 years by a private investor group consisting of high net worth individuals and a family office investment fund. One of the investors, John Prothro, led the group and was appointed Chief Executive Officer of the business at closing of the transaction. Mr. Prothro was tasked by the incoming Board of Directors to build the Foot Solutions brand through a combination of professionalism, capital, and operational expertise. Our agents for service of process are listed in Exhibit D.

Earnings Transparency

1 /10
This Franchise discloses much less information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of Foot Solutions Franchisees

Foot Solutions Franchise System Development in 2021

FAQ

How much investment do I need to start my own Foot Solutions business?
Franchisees typically require at least $121 to $194 investment to get their Foot Solutions business started
What are the initial franchise fees for Foot Solutions?
Franchisees typically need to pay at least $29 in fees directly to Foot Solutions in order to earn the right to launch their business
How much money can I make with a Foot Solutions franchise? What are the average revenues for a typical Foot Solutions business?
We haven’t done the math on how much revenue a typical Foot Solutions brings in each year. We estimate that other franchisees in the Health & Fitness industry generate $579,475 revenue, so we would expect Foot Solutions to generate a similar amount
How long do I need to commit to running a Foot Solutions unit? What is my contractual commitment?
Foot Solutions franchisees are typically required to sign up to a 15 year contract initially. The renewal length is 5 years. You can of course exit early but don’t expect to get any refund!

Accessibility

8 /10
The Franchisor's investment costs ranges from $121,300 to $194,800 which is Much Lower than the $0 to $0 average in the Health & Fitness industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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