ImageFIRST Healthcare Laundry Specialists
For 40 years, medical practices nationwide have depended on ImageFIRST to provide them with all their healthcare linen and laundry needs. ImageFIRST represents one of the market leaders within the healthcare linen and laundry market and is also one of the fastest growing companies in the growing healthcare industry. In addition, ImageFIRST is also the only company in the healthcare field that focuses just on servicing only physician offices and outpatient medical facilities. It is this dedicated focus that allows ImageFIRST to raise the industry standards for product quality, friendly and accurate service and overall customer satisfaction, and also allows the company to consistently boast one of the highest customer retention rates in the industry — an impressive 98%.
| |
Operating Units |
12/31/2008 |
12/31/2009 |
12/31/2010 |
|---|
| | Franchised |
19 |
20 |
23 |
| | % Change | -- |
5.3% |
15% |
| | Company-Owned |
9 |
9 |
9 |
| | % Change | -- |
0% |
0% |
| | Total |
28 |
29 |
32 |
| | % Change | -- |
3.6% |
10.3% |
| | Franchised as % of Total |
67.86% |
68.97% |
71.88% |
Investment Required
The initial fee for an ImageFIRST franchise is $30,000.
ImageFIRST Healthcare Laundry Specialists provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.
| |
Item | Established Low Range | Established High Range |
| |
Initial Franchise Fee |
$30,000 |
$30,000 |
| |
Rental Garments |
$3,000 |
$3,000 |
| |
Equipment |
$4,100 |
$4,100 |
| |
Insurance |
$1,000 |
$2,000 |
| |
Expenses While Training |
$1,100 |
$2,600 |
| |
Signage |
$1,000 |
$2,000 |
| |
Delivery Vehicle |
$0 |
$40,000 |
| |
Inoculations |
$300 |
$2,000 |
|
Additional Funds (3 Months) |
$15,000 |
$15,000 |
| |
Total Initial Investment |
$55,500 |
$100,700 |
Ongoing Expenses
ImageFIRST franchisees pay ongoing royalty fees equal to 6.5% of annual net sales up to $1,000,000, or, for annual net sales of $1,000,000 or more, royalty fees equal to 5.5%. Additional fees payable by franchisees include marketing fund contributions equal to 0.5% of net sales.
What You Get—Training and Support
ImageFIRST franchisees undergo a two week initial training that covers everything from product delivery and garment details to bookkeeping and general operating procedures. After opening, franchisees are paired with an ImageFIRST representative to assist them in establishing and standardizing procedures, as well as assist in training franchisees’ staff. Additionally, ImageFIRST supports its franchisees with ongoing sales and marketing techniques as well as continuous advertising and promotional programs.
Territory
ImageFIRST grants exclusive territories.
Note: The tables and information regarding the number of operating units, investment required, on-going expenses, training and territory grants were taken from the company’s 2011 FDD. The 2011 write-ups will be incorporated into the 2011 Edition of Bond’s Hottest New Franchises publication.
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