HI-5 ABA

Item 7 lays out the initial investment from $17,618 to $109,730, covering the $50,000 franchise fee plus real estate, equipment, and three months' working capital—remarkably low for healthcare services, thanks to the home-based model needing minimal buildout. Ongoing fees stack up: 7% royalty on gross revenues, plus 4% centralized billing, 3% administrative services, 1% clinical consulting, and $93-$780 monthly tech fees, totaling around 15% plus fixed costs that could eat into margins if volumes dip. Item 19 shines with average gross revenues of $848,767 across franchise units, a solid figure for a system franchising since 2019, though you'd subtract those fees and staffing costs (mostly BCBAs and techs) to gauge true profitability—no net profit data, but high insurance reimbursements from Medicaid/Medicare keep it promising.

System health looks healthy with 29 franchise locations and 1 corporate (up from 26 in 2023, +12% growth), projecting 4 new units soon—steady expansion without red flags like mass terminations or transfers in recent FDDs. For buyers eyeing healthcare franchises, this low entry point and revenue punch make HI-5 ABA intriguing, especially targeting insurance-funded ABA for kids up to 22. If you're a clinician or operator comfortable with developmental services, the proprietary ops and billing support could accelerate breakeven versus independents.