Start-Up Costs and Fees |
||
| 21 Minute Convenience Fitness | Medifast | |
| Investment | 124500 - 195300 | 148000 - 269000 |
| Franchise Fee | 0 | |
| Royalty Fee | 3% | |
| Advertising Fee | ||
| Year Founded | 2003 | 1980 |
| Year Franchised | 2005 | 2007 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| 21 Minute Convenience Fitness | Medifast | |
| Experience | ||
Financing Options |
||
| 21 Minute Convenience Fitness | Medifast | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| 21 Minute Convenience Fitness | Medifast | |
| Training | Internet | Comprehensive Training Programs: Program and product training Operational training Weight-loss consultation and member management training Sales training Continuing education programs |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Real Estate, Construction and Business Development: Comprehensive Real Estate & Construction Manual Comprehensive Business Start-Up Manual Demographics research and site selection assistance Dedicated center start-up specialists General Operations Support: Program and product support teams Grand opening support Product ordering support Member management |
| Marketing | Co-op advertising, Ad slicks | Corporate branding corporate website, national TV, and national print Public relations support Best practices support in advertising and marketing, including print, radio, television, and local campaigns Lead management system Interactive content managed website for your local business Local search engine optimization and search engine management Social media resources and applications |
| Operations | 1% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 2 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| 21 Minute Convenience Fitness | Medifast | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| 21 Minute Convenience Fitness | |
| Medifast | |
| Franchise Fee | |
| 21 Minute Convenience Fitness | |
| Medifast | |
| Royalty Fee | |
| 21 Minute Convenience Fitness | 3% |
| Medifast | |
| Advertising Fee | |
| 21 Minute Convenience Fitness | |
| Medifast | |
| Year Founded | |
| 21 Minute Convenience Fitness | 2003 |
| Medifast | 1980 |
| Year Franchised | |
| 21 Minute Convenience Fitness | 2005 |
| Medifast | 2007 |
| Term Of Agreement | |
| 21 Minute Convenience Fitness | 10 years |
| Medifast | |
| Renewal Fee | |
| 21 Minute Convenience Fitness | 25% of fran. fee |
| Medifast | |
Business Experience Requirements |
|
| Experience | |
| 21 Minute Convenience Fitness | |
| Medifast | |
Financing Options |
|
| Franchise Fees | |
| 21 Minute Convenience Fitness | No |
| Medifast | No |
| Start-up Costs | |
| 21 Minute Convenience Fitness | |
| Medifast | |
| Equipment | |
| 21 Minute Convenience Fitness} | |
| Medifast | |
| Inventory | |
| 21 Minute Convenience Fitness | |
| Medifast | |
| Receivables | |
| 21 Minute Convenience Fitness | |
| Medifast | |
| Payroll | |
| 21 Minute Convenience Fitness | |
| Medifast | |
Training & Support |
|
| Training | |
| 21 Minute Convenience Fitness | Internet |
| Medifast | Comprehensive Training Programs: Program and product training Operational training Weight-loss consultation and member management training Sales training Continuing education programs |
| Support | |
| 21 Minute Convenience Fitness | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Medifast | Real Estate, Construction and Business Development: Comprehensive Real Estate & Construction Manual Comprehensive Business Start-Up Manual Demographics research and site selection assistance Dedicated center start-up specialists General Operations Support: Program and product support teams Grand opening support Product ordering support Member management |
| Marketing | |
| 21 Minute Convenience Fitness | Co-op advertising, Ad slicks |
| Medifast | Corporate branding corporate website, national TV, and national print Public relations support Best practices support in advertising and marketing, including print, radio, television, and local campaigns Lead management system Interactive content managed website for your local business Local search engine optimization and search engine management Social media resources and applications |
| Operations | |
| 21 Minute Convenience Fitness | 1% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 2 Absentee ownership of franchise is allowed. |
| Medifast | |
Expansion Plans |
|
| US Expansion | |
| 21 Minute Convenience Fitness | |
| Medifast | |
| Canada Expansion | |
| 21 Minute Convenience Fitness | |
| Medifast | |
| International Expansion | |
| 21 Minute Convenience Fitness | |
| Medifast | |