FYZICAL Therapy & Balance Centers is the largest PT franchise in the US with over 440 open locations and growing. Their primary differentiator is their proprietary balance and fall prevention program that allows them to help people with vestibular and balance related issues which affect everyone from kids to senior citizens and is grossly under treated in other practices. 69 million Americans in the U.S. age 40 or older have experienced some vestibular dysfunction and 1 in 4 people of the age 65+ experience a serious fall causing a hospitalization every year. This franchise can be ran semi-absentee and the owner does not need to have a medical background.
FYZICAL was founded in 2012 by franchise industry veteran Jim Abrams (Founder of Ben Franklin Plumbing, One Hour Heating & Air, Mr. Sparky Electric). The demand for physical therapy services is strong and getting stronger. Fueled by the aging population, early hospital discharges and mobility issues due to obesity and diabetes, the U.S. PT industry is forecasted to grow by 6.2% annually and be worth over $45 Billion by 2023. A typical location is 1500 – 2500 square feet and has a balance center built in with specialized equipment that they utilize. A new location will start with just three employees and new PT’s will be added as growth demands.
Absolutely no PT or medical background is required. Their franchisees hire PT’s to work as their employees and provide patient care. Franchisees primary role is hiring staff, ensuring staff are trained via their FYZICAL franchise training and their online FYZICAL College portal, managing the metrics, networking and community outreach.
Ideal Candidate:
Ideal candidate has experience managing and incentivizing a team. Main roles include hiring and training of staff, tracking key metrics, ensuring marketing plan is being implemented, financial tracking, working with Ops team to ensure success of practice, networking.
To buy a franchise with FYZICAL Therapy & Balance Centers you’ll need a minimum net worth of $350,000 Creative Colors International a franchise fee of $49,000. They also offer a discount for veterans.
