What is the next step to becoming a Pinq Partner?
If you haven’t already, express your interest to partner with Physio Inq by enquiring here.
Our Business Partnership team will be in contact with you shortly to discuss your journey to become a Pinq Business Partner.
Do I need to be a Physio to open a Physio Inq clinic?
No, you do not need to be a Physio or have a health background to own a Physio Inq clinic. All you need is an Australian Business Number (ABN), business-oriented mind and a passion for customer service.
How much does your Pinq Partnership cost?
What’s the difference between your NEW Franchise Agreement and the old one?
We wanted to enable our Pinq Partners to grow their businesses the way THEY want to.
This meant stripping back our Franchise Agreement and ensuring that our Pinq Partners are not restricted by high franchise fees, loopholes and exit fees.
In fact, you can rest assured there will be no hidden fees, costs, loopholes or exit fees.*
How much capital do I need to get started?
The amount of capital that is required to start a Clinic depends on a range of factors including establishment structure, size of clinic and needed resources… and so on.
The best way to figure out how much capital you will need is to get in contact with our Business Partnership Team on (03) 9001 6612 and have a confidential discussion about the range of options for your personal situation.
Do I need cash or equity towards the purchase of a Pinq Clinic?
The answer is… a bit of both! Get in touch with our Business Partnership Team on (03) 9001 6612 to see the options available to you!
What kinds of returns can I expect from owning a Pinq clinic?
Of course, each of our Clinic practices are unique with unique revenue growth. However if we needed to quantify revenue growth, in 2019, our existing Pinq Partners experienced an average revenue growth of 37%.*
And this is set to rise in 2020 (even with a pandemic!).
As essential services, our Clinics were able to remain open and profitable, all while providing their patients with the care they need.
Do I need to find a location for the clinic?
Pinq Partners are valuable members of their communities, so one of the first questions you need to ask yourself is ‘What community or communities are a good fit for me?’
Following that, we will provide you with some assistance to analyse both the community that you propose and how to find a physical location that meet Pinq’s business model.
How do I know if that location is profitable?
The success of a clinic is dependent on the amount of demand for services in that area. In order to gauge demand, we have developed our Predictive Data Science Program.
This Predictive technology used heat maps to analyse the profitability of specific areas to ensure that your location sits in a high demand area.
For more information about our Predictive Data Science Program, contact our Business Partnership team on (03) 9001 6612
Who trains me? Who pays for my training? Where do I go for training?
We have developed a comprehensive training program for all new Pinq partners entering our community including both in-person training and online training resources.
But rest assured you will not be left on your own after the first week. We schedule monthly support discussions to ensure your business is performing the best it can. From Marketing to Operations, Finance, HR and more! Whatever you need, know there is someone you can talk to.
What’s the criteria for becoming a Pinq Partner?
We only have two criteria for becoming a Pinq Partner:
- You are an incredible human being, interested in the wellbeing of both your staff and clients and you strive to make an incredible impact on your community.
- Look at criteria 1 again.
I’ve placed an enquiry… now what?
That’s all you need to do. Our Business Partnership team will be in contact with you shortly to discuss your journey to become a Pinq Partner.
What costs am I likely to incur once owning the business?
Like any business, you will have rent, outgoings, wages, marketing and other expenses, separate to Physio Inq’s business contract. Our team will work with you to help you understand what it takes to run a great business and how to manage costs.
What ongoing support will I get from Physio Inq?
Physio Inq aims to breed successful Pinq Partners. Period. Depending on your circumstance, Physio Inq may provide marketing, operational, business and human resource support tailored to the needs of your business. There is no one size fits all approach, think of us as a mentor that will help you in any way we can, whenever you may need it.
How long is a Pinq Franchise Agreement?
Specifically, they are 5 years. But remember, under Physio Inq’s franchise agreement, we won’t charge you any exit fees. However, you may still have some third party contractual obligations including (but not limited to) premise lease contracts, wages and other expenses.*
How long is the typical lease term? Why is the franchise & lease term different?
Lease terms range from 3-5 years under most commercial tenancy agreements. Physio Inq will rarely become involved with landlords, and rarely hold head leases. We are all about supporting the business owner be the best they can be, rather than holding hundreds of leases... For this reason, landlords and Physio Inq might have different terms. The fact that there are no exit fees lowers your risk if your lease runs out :)
What happens at the end of the lease term?
Our Pinq Partners are encouraged to sign on for another 5 years to continue to grow and thrive as people, as business owners and as Pinq Partners!
What if I want to own more than one store?
We support our well-performing Clinic Owners to open additional clinics. In fact, we already had some franchisors owning multiple clinic sites.
Providing you have proven yourself as a successful Clinic owner, have the financial ability and have a plan as to how you wish to operate multiple businesses, we will happy discuss multi-site opportunities with you.
Do I need to work in the business full-time or can I run my Clinic under management?
Physio Inq provides a business structure that enables you to choose to be an owner-operated business or manage the business from afar. The choice is entirely yours.
Do I need to be an Australian Citizen or Permanent Resident of Australia to partner with Physio Inq?
Yes, you will need to hold either a Permanent Australian Residency or be an Australian Citizen to be a Pinq Business Partner.