FRANCHISE BUSINESS REVIEW - APRIL 4, 2023
FYZICAL Therapy & Balance Centers, the country’s fastest-growing physical therapy franchise with 500 open centers across 44 states, was recently named a Top Recession-Proof Franchise for 2023 by Franchise Business Review.
More than 36,000 franchisees representing over 365 franchise brands participated in Franchise Business Review’s franchisee satisfaction survey over 18 months. From the research, FYZICAL was one of just 100 franchise brands to be identified as a Top Recession-Proof Franchise award winner and be featured on the list of the best recession-proof franchises.
Why Franchise with FYZICAL?
FYZICAL, the largest physical therapy franchise worldwide, was founded in 2012 and provides cutting-edge therapies and proprietary balance services to a growing population in an industry expected to reach $72.7 billion by 2029.
"FYZICAL Therapy & Balance Centers is excited to be the entry point to wellness," said Eric Thompson, Chief Financial Officer and Executive Vice President of FYZICAL.
FYZICAL's franchisees were surveyed on 33 benchmark questions about their experience and satisfaction regarding critical areas of their franchise systems, including training & support, operations, franchisor/franchisee relations, culture, and financial opportunity.
The growing demand for physical therapy and the aging population spell increasing demand for these treatments and services.
"People will always require healthcare services, as it is often a necessity rather than a discretionary spending decision," Thompson said. "This, combined with the ever-increasing demand due to the aging population, offers our franchisees a relatively stable market during economic downturns. We are honored to serve our patient communities."
FYZICAL's differentiator in the marketplace is its industry-leading Premier Balance Program. Originated by medical experts at FYZICAL, its Balance Paradigm and Sensory Mismatch Theory are two groundbreaking services that have revolutionized the treatment of balance patients.
Falls are the leading cause of fatal and nonfatal injuries among older adults, and more than 10 million people suffer from dizziness each year. FYZICAL's pioneering, preventative solutions have transformed the marketplace and addressed a burgeoning need in the industry.
FYZICAL's Investment Opportunity Guide: Get in on a Booming Physical Therapy Industry
“Implementing a balance program in an outpatient FYZICAL Therapy & Balance Centers location positively impacts the clinic’s bottom line by increasing patient volumes and reducing the cost of patient acquisition,” said Rick Douglass, PT, DPT, and FYZICAL’s President of Franchise Operations.
“Many patients who are already coming through your doors to see a physical therapist for pre- and post-surgical, foot, ankle, hip, knee, back, and shoulder pain also have significant challenges with their balance,” said Douglass. “In fact, many of their initial injuries were potentially caused by loss of balance and falls. A balance program opens up a whole new group of referral sources and allows you to have a greater impact on your community.”
FYZICAL’s pioneering treatments have propelled them as the leading balance differentiator in the market and the premier balance and vestibular expert across America, compounding profit opportunities for FYZICAL franchisees nationwide.
“While no business is 100% recession-proof, these franchise businesses have demonstrated that they are highly recession-resistant based on historical performance,” said Eric Stites, CEO of Franchise Business Review. “For people seeking to be their own boss, the Top 100 Recession-Proof businesses we identified this year not only have outstanding satisfaction among their owners—one of the most important factors to consider before investing in any franchise opportunity—but they have performed well in good times and bad, and we feel they hold a strong advantage to outperform their competitors in the years ahead.”
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Resources You'll Love:
FREE GUIDE: FYZICAL Investment Opportunity Guide
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Love Your Life: Start Your Own Physical Therapy Practice with FYZICAL
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