ARCpoint Labs
Health & Fitness Health & FitnessCompany Information
Address
131 Falls Street, Suite 302 Greenville, South Carolina 29601
Website
Tel
Email
Franchimp Summary Rating
Higher than 72% of peers
Lower than 50% of peers
Franchise Summary
Description
ARC point Labs businesses provide full-service lab screening and testing services and other related services ("ARC point Labs Business (es) ").
Company Background
ARCpoint Labs provides full service laboratory screening and testing services, as well as other related services. Founded in 1996 by Dr. Ronald G. Shanks, ARCpoint Labs has grown to be one of the nation's leading independent laboratories for clinical laboratory based tests with over 150 employees and multiple offices nationwide. Our commitment is to providing confidential and professional lab test results that empower our clients with knowledge about their physical health and wellness so they can make informed decisions about treatment or lifestyle changes necessary to improve their quality of life.
Franchise Opportunity
Today's business owners are stretched thin. They need to manage employees, customers, vendors and so much more. But they don't have time to worry about the quality of their products or services because that falls on someone else. ARCpoint Labs offers a full range of lab testing services for your convenience and peace of mind. Our labs can test anything from water purity to heavy metals in soil samples - allowing you to focus on running your business without having to worry about product safety or quality control issues. We offer fast turnaround times, friendly customer service representatives and prices that fit into any budget plan - big or small! You can trust our experienced staff with all your testing needs because we provide high-quality results at an affordable price every single time!
Corporate Structure
ARCpoint Franchise Group, LLC was incorporated as a South Carolina limited liability company on February 11, 2005. Their principal business address is 131 Falls Street, Suite 302, Greenville, South Carolina 29601. From July 2005 until January 2010, they offered franchises under the “AccuDiagnostics” name and mark that offered drug, alcohol and paternity DNA testing.. They have offered franchises under the “ARCpoint” mark since January 2010.
Earnings Transparency
This Franchise discloses slightly more 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
Financial Performance of "Standard" Units
Average Revenue Per Unit
Compared vs. Health & Fitness Industry$280,547 / unit
Franchise Type: Standard
Average Revenue During 2019
Franchisee Attrition
This franchise's rate of attrition in 2021
of 9.09%
was
Slightly Higher
than the 7% in the Health & Fitness industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Franchise Types Available
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Employee Contact Database
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Distribution of ARCpoint Labs Franchisees
ARCpoint Labs Franchise System Development in 2021
FAQ
How much investment do I need to start my own ARCpoint Labs business?
Franchisees typically require at least $200 to $361 investment to get their ARCpoint Labs business started
What are the initial franchise fees for ARCpoint Labs?
Franchisees typically need to pay at least $97 in fees directly to ARCpoint Labs in order to earn the right to launch their business
How much money can I make with a ARCpoint Labs franchise? What are
the average revenues for a typical ARCpoint Labs business?
We estimate that the average revenue of an individual
ARCpoint Labs unit is approximately
$280,547. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a ARCpoint Labs unit? What
is my contractual commitment?
ARCpoint Labs franchisees are typically required to sign up to a
10 year contract initially. The renewal length
is 10 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$200,800 to $361,720
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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