AFC/AMERICAN FAMILY CARE

Item 7 of the 2025 FDD outlines the initial investment ranging from $955,500 to $1,519,500, covering build-out for a 2,500-5,000 sq ft center, equipment like X-ray machines and labs, plus initial staffing and marketing. The $60,000 franchise fee gets you into a system franchising since 2013 with 304 franchise locations and 82 corporates, mostly in the Southeast but expanding. Ongoing fees hit 6% royalty on gross revenues, 1% brand fund, plus $275 monthly tech fee and $2,400 annual software—totaling around 7-8% effectively, which is standard for medical services but adds up on high-volume units.

Item 19 discloses impressive financials: average gross revenue of $1,774,747 and median $1,638,106 across mature units, signaling robust performance driven by high patient traffic. The system grew 11% from 275 to 304 locations last year, with 38 projected new units, 8 transfers, and only 7 terminations—low churn indicating stability despite some litigation over fee non-payments and non-competes. For investors eyeing healthcare, this data suggests strong cash flow potential after covering medical partner splits and regs, but expect $1M+ upfront and hands-on management in a regulated field.