Start-Up Costs and Fees |
||
| Look Good Naked | Medifast | |
| Investment | 6367 - 21100 | 148000 - 269000 |
| Franchise Fee | ||
| Royalty Fee | 20% (up to 10% available in performance and quality rebates) | |
| Advertising Fee | $15 /mo. | |
| Year Founded | 2004 | 1980 |
| Year Franchised | 2013 | 2007 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Look Good Naked | Medifast | |
| Experience | ||
Financing Options |
||
| Look Good Naked | Medifast | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Look Good Naked | Medifast | |
| Training | Comprehensive Training Programs: Program and product training Operational training Weight-loss consultation and member management training Sales training Continuing education programs | |
| Support | Since your success is directly tied to our success, whether it's your first business or your last business, our support team is there to help you achieve the results you're looking for in a business. Franchisees will learn how to construct a business and marketing plan based on the size of business you want to run and then we'll coach you along the way to help you get there. Franchisees receive weekly education and training for ongoing development, plus we provide the educational tools and support needed for all LGN participants. | 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 | 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 | ||
Expansion Plans |
||
| Look Good Naked | Medifast | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Look Good Naked | |
| Medifast | |
| Franchise Fee | |
| Look Good Naked | |
| Medifast | |
| Royalty Fee | |
| Look Good Naked | 20% (up to 10% available in performance and quality rebates) |
| Medifast | |
| Advertising Fee | |
| Look Good Naked | $15 /mo. |
| Medifast | |
| Year Founded | |
| Look Good Naked | 2004 |
| Medifast | 1980 |
| Year Franchised | |
| Look Good Naked | 2013 |
| Medifast | 2007 |
| Term Of Agreement | |
| Look Good Naked | 3 years |
| Medifast | |
| Renewal Fee | |
| Look Good Naked | |
| Medifast | |
Business Experience Requirements |
|
| Experience | |
| Look Good Naked | |
| Medifast | |
Financing Options |
|
| Franchise Fees | |
| Look Good Naked | |
| Medifast | |
| Start-up Costs | |
| Look Good Naked | |
| Medifast | |
| Equipment | |
| Look Good Naked} | |
| Medifast | |
| Inventory | |
| Look Good Naked | |
| Medifast | |
| Receivables | |
| Look Good Naked | |
| Medifast | |
| Payroll | |
| Look Good Naked | |
| Medifast | |
Training & Support |
|
| Training | |
| Look Good Naked | |
| Medifast | Comprehensive Training Programs: Program and product training Operational training Weight-loss consultation and member management training Sales training Continuing education programs |
| Support | |
| Look Good Naked | Since your success is directly tied to our success, whether it's your first business or your last business, our support team is there to help you achieve the results you're looking for in a business. Franchisees will learn how to construct a business and marketing plan based on the size of business you want to run and then we'll coach you along the way to help you get there. Franchisees receive weekly education and training for ongoing development, plus we provide the educational tools and support needed for all LGN participants. |
| 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 | |
| Look Good Naked | |
| 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 | |
| Look Good Naked | |
| Medifast | |
Expansion Plans |
|
| US Expansion | |
| Look Good Naked | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Medifast | |
| Canada Expansion | |
| Look Good Naked | |
| Medifast | |
| International Expansion | |
| Look Good Naked | |
| Medifast | |