Pro Fix Auto | Page 149


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Why You Should Consider Cord Blood Banking

Why You Should Consider Cord Blood Banking Cord blood banking is a popular method of donation that keeps your baby’s umbilical cord stored at a medical facility for possible medical use. You must pay a fee to the private blood bank in order for it to be stored. Cord blood banking may be used as possible medical treatment if your child becomes sick with certain diseases. Sometimes, the stem cells created from cord blood banking can also be used for another family member. Some researchers believe that cord blood banking is not worth the costs due to the unlikely possibility of your child having disease. Cord blood banking is an expensive insurance policy per some doctors. The stem cells it produces is an effective way to treat sickle cell anemia, lymphoma and leukemia. Stem cells may help the body recover after cancer treatments such as radiation or chemotherapy. The first umbilical cord that was stored in a blood bank was in 1992. Expecting parents see advertisements in popular magazines, doctor’s offices and in their own mailboxes. This leads many parents to believe the cost is worth it. According to the Obstetrics and Gynecology journal, the odds of your child needed their cord blood is one in over 2,700. 

Weigh the costs and benefits before you decide to store your baby’s umbilical cord. Some blood banking for umbilical cord at have an initial processing fee as high as $1,800. You must then make monthly payments of over $100 per month. The prices are different according to the part of the country where you live. They may be slightly higher or lower than these charges.

A few blood banks advertise that the chances of your child needed his cord blood is one in 27. This makes many parents nervous and agree to store the umbilical cord. The medical community differs in their opinions on storing umbilical cords.

Franchise Opportunities

There are presently 18 Profix workshops in metropolitan Adelaide. Opportunities arise to join the Profix Group either by acquiring an existing workshop or by establishing a new workshop.

Opportunities to establish a new workshop are available in the following areas. Suitable sites would need to be identified and secured.

  • South East: Glen Osmond, Fullarton, Mitcham
  • South West: Aberfoyle Park
  • South: Blackwood, Mitcham
  • Country: Murray Bridge, Victor Harbour

Funds Required

A typical store would require an investment of approximately $150,000 to $200,000. This sum allows for the once only franchise fee of $20,000, working capital including stock of approximately $50,000, and $80,000 to $130,000 for equipment, signage, other set up costs and opening promotions. Prices exclude exclude GST.