Company Research Report: FYZICAL Therapy & Balance Centers
Company Overview
- Name: FYZICAL Therapy & Balance Centers
- Mission: To empower private practice owners to take control of their business and life through knowledge, relationships, and support.
- Founded: 2012
- Founders: Jim Abrams
- Key People:
- Brian Belmont, Chief Executive Officer
- Scott Wendrych, Chief Operating Officer
- Lauren Johnson, Chief Development Officer
- Michael Freiburghouse, Chief Financial Officer
- Rick Douglass, PT, DPT, OCS, FAAOMPT, Chief Clinical Officer
- Brian Werner, PT, MPT, National Director of Balance Center Development, Education, & Training
- Jim Abrams, Chairman and Co-Founder
- Headquarters: 1751 Mound Street, Suite 107, Sarasota, FL 34236
- Number of Employees: No information is available
- Revenue:
- The 2023 average gross revenue for Company-Owned Centers was $902,442.
- The 2023 average gross revenue for all 2023 participating franchisees was $756,043.
- Industry Reputation: Known for physical therapy, balance and vestibular retraining, and audiology services.
Products
- Overview of Products Offered:
- Physical Therapy
- Balance and Vestibular Retraining
- Audiology Services
- Product Descriptions:
- High-demand services aimed at improving mobility and quality of life for patients, with a focus on private practice support and innovation.
- Key Features:
- Comprehensive training systems
- Support for clinic layout and setup
- Proprietary business management tools
- Extensive marketing and advertising support
Recent Developments
- Franchise Growth: FYZICAL Therapy & Balance Centers opened its milestone 500th franchise location in February 2024.
- Accolades:
- Named the Best Franchise Culture by Franchise Business Review multiple times in 2024.
- Recognized as a Top Recession-Proof Franchise for the fourth consecutive year.
- Included in Entrepreneur’s Franchise 500 for the eighth consecutive year.
- New Initiatives:
- Launched the Partnership Advantage initiative to allow physical therapists to achieve clinic ownership.
- Achieved phenomenal growth in the first half of 2024, setting the stage for further expansion.
- New Features and Partnerships:
- Enhanced clinical programs through collaboration with vendors.
- Comprehensive system & process training, including a 16-step opening process and a 5-year strategic planning initiative.
Conclusion
This report highlights FYZICAL Therapy & Balance Centers as a growing force in the physical therapy industry, driven by its innovative franchise model and strong support system for private practice owners. With rapid expansion and numerous industry accolades, FYZICAL continues to reinforce its reputation as a leader in healthcare franchising.
