ER Urgent Care Holdings Inc (ERUC)

[greedy__malone]

Qucik18


Franchise companies are better for business than corporate centers as the franchised centers are still required to pay fees to ERUC regardless of their profit/loss and that money is always set at a profit for the parent comapny. Costs such as supplies, advertising etc. are charged to the franchise location meaning ERUC is guranteed a profit on all costs paid by franchised locations. Now that stream is gone. And ERUC no longer has any franchised locations to use as a success story for others who may be considering a franchise.

All ERUC has to show for their franchise business is one failed location over a nearly 3 year period. It looks bad for them to have that center fail after they propped it up and used the numbers from the KC Center in corporate PR's touting the success of KC.

That franchised location had the best "out fo the gate" numbers of all ERUC centers. 422 patients in 90 days. That is God awful low but a record none the less. Not a single center that has opened since has shown a higher number. I understand that 422 patients in 90 days is only 4.6 patients per day but no other center has been able to match or surpass such pathetic numbers.