The new acupuncture franchise Modern Acupuncture may create roughly 250 jobs in Florida, as well as local subcontractor and franchising opportunities.
Modern Acupuncture, founded in August 2016, was created by a management team that built and grew The Joint Chiropractic (Nasdaq: JYNT) from eight units in 2010 to more than 340 in 27 states within six years, Orlando Business Journal's sister paper the Phoenix Business Journal previously reported.
Scottsdale-based ACU Development LLC, the franchiser for Modern Acupuncture, wants to create 150 new sites nationwide by 2020, including 50 locations in Florida, which will hire three to five workers for each location. That, in turn, may create roughly 250 jobs.
The company has just one location today, however, 145 regional developer licenses have been sold in nine states: Florida, Arizona, Colorado, Georgia, Louisiana, Nevada, North Carolina, South Carolina and Texas.
Matt Hale, co-founder and CEO of ACU Development, said the company wants Modern Acupuncture to grow a strong presence in Florida, with a big portion of the 50 clinics in Central and South Florida, including the Dr. Philips area, Winter Park and Winter Haven. “There are a lot of licensed acupuncturists in state. We anticipate a really fast growth. We think we’ll have two in Florida opened by the end of the year. The next year will be a big year for us with plans to put 10-15 in the ground."
The locations the firm will scout are in Class A shopping centers, which are typically next to Chipotles and Starbucks, and will occupy a 1,200-square-foot unit.
Mici Fluegge, regional developer for Modern Acupuncture, said the company looks for preexisting structures or ones that will be developed in new shopping plazas. He said the total cost including build-out with equipment, furnishings and working capital for the franchisees is roughly $200,000 to $300,000.
Hale said all franchisees will hire local contractors. The build-outs typically take six to eight weeks.
Read OrlandoBuisnessJournal.com for more updates on companies hiring in Central Florida.
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