Start-Up Costs and Fees |
||
| Beverly Hills Weight Loss and Wellness | Medifast | |
| Investment | 64000 - 96000 | 148000 - 269000 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | |
| Advertising Fee | ||
| Year Founded | 1988 | 1980 |
| Year Franchised | 1989 | 2007 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Beverly Hills Weight Loss and Wellness | Medifast | |
| Experience | General business experience Marketing skills Sales experience | |
Financing Options |
||
| Beverly Hills Weight Loss and Wellness | Medifast | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | Yes | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Beverly Hills Weight Loss and Wellness | Medifast | |
| Training | Ongoing training | Comprehensive Training Programs: Program and product training Operational training Weight-loss consultation and member management training Sales training Continuing education programs |
| Support | Newsletter, Toll-free phone line, Grand opening, Internet, 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 | 14% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Beverly Hills Weight Loss and Wellness | Medifast | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Beverly Hills Weight Loss and Wellness | |
| Medifast | |
| Franchise Fee | |
| Beverly Hills Weight Loss and Wellness | |
| Medifast | |
| Royalty Fee | |
| Beverly Hills Weight Loss and Wellness | 6% |
| Medifast | |
| Advertising Fee | |
| Beverly Hills Weight Loss and Wellness | |
| Medifast | |
| Year Founded | |
| Beverly Hills Weight Loss and Wellness | 1988 |
| Medifast | 1980 |
| Year Franchised | |
| Beverly Hills Weight Loss and Wellness | 1989 |
| Medifast | 2007 |
| Term Of Agreement | |
| Beverly Hills Weight Loss and Wellness | 5 years |
| Medifast | |
| Renewal Fee | |
| Beverly Hills Weight Loss and Wellness | |
| Medifast | |
Business Experience Requirements |
|
| Experience | |
| Beverly Hills Weight Loss and Wellness | General business experience Marketing skills Sales experience |
| Medifast | |
Financing Options |
|
| Franchise Fees | |
| Beverly Hills Weight Loss and Wellness | No |
| Medifast | No |
| Start-up Costs | |
| Beverly Hills Weight Loss and Wellness | |
| Medifast | |
| Equipment | |
| Beverly Hills Weight Loss and Wellness} | |
| Medifast | |
| Inventory | |
| Beverly Hills Weight Loss and Wellness | |
| Medifast | |
| Receivables | |
| Beverly Hills Weight Loss and Wellness | |
| Medifast | |
| Payroll | |
| Beverly Hills Weight Loss and Wellness | |
| Medifast | |
Training & Support |
|
| Training | |
| Beverly Hills Weight Loss and Wellness | Ongoing training |
| Medifast | Comprehensive Training Programs: Program and product training Operational training Weight-loss consultation and member management training Sales training Continuing education programs |
| Support | |
| Beverly Hills Weight Loss and Wellness | Newsletter, Toll-free phone line, Grand opening, Internet, 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 | |
| Beverly Hills Weight Loss and Wellness | 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 | |
| Beverly Hills Weight Loss and Wellness | 14% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
| Medifast | |
Expansion Plans |
|
| US Expansion | |
| Beverly Hills Weight Loss and Wellness | |
| Medifast | |
| Canada Expansion | |
| Beverly Hills Weight Loss and Wellness | |
| Medifast | |
| International Expansion | |
| Beverly Hills Weight Loss and Wellness | |
| Medifast | |