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Home > Franchises > Passport Health Inc.
Passport Health Inc.
A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.
Passport Health Inc was established in 1995, Passport Health provides vaccinations, counseling and supplies to international travelers. Passport's low-cost services are offered through hospitals and stand-alone centers. Franchisees even make house calls. Franchisor has 5 employees and 3 employees in franchise department.
If you are a health care professional or entrepreneur with appropriate connections, they can help you achieve your dreams. Passport Health is an excellent business opportunity for the right individual. Passport Health is a simple, low overhead service company, which provides immunizations to those about to travel to a foreign country. Basically, they are in the immunization business, they offer on site services such as flu and hepatitis clinics. However, they also specialize in safety and security travel information. They are already a household name in many areas across the country, but there are plenty of great territories remaining.
The total investment for this franchise varies from 63,600 to 166,500 dollars, with franchise fees of 25,000 to 100,000 dollars. The ongoing fee is 7 to 50 percent. The term of agreement is of 10 years and is renewable. The renewal fee is of 3,000 dollars. According to entrepreneur magazine 2002-2006 the company was ranked 392 in 2006, 382 in 2005, 316 in 2004, 347 in 2003 and 335 in 2002 by franchise 500 ranks.
A Passport Health Franchise puts you in charge of your own destiny, builds a business you can sell for a better retirement, attracts pleasant and interesting clientele, has low overhead and start up costs, has a proven track record and a formula for success and can be opened in attractive geographic areas.
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