Start-Up Costs and Fees |
||
| Medifast | Stretch U | |
| Investment | 148000 - 269000 | 49650 - 508306 |
| Franchise Fee | ||
| Royalty Fee | 6% | |
| Advertising Fee | 2% | |
| Year Founded | 1980 | 2010 |
| Year Franchised | 2007 | 2012 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Medifast | Stretch U | |
| Experience | ||
Financing Options |
||
| Medifast | Stretch U | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Medifast | Stretch U | |
| Training | Comprehensive Training Programs: Program and product training Operational training Weight-loss consultation and member management training Sales training Continuing education programs | Between thirty (30) and sixty (60) days before your Unit Franchise opens for business, we provide our initial training program for Stretch U Unit Franchises to you, other members of your management team, and any agents you employ. The training program includes classroom instruction and Franchise operation and on-the-job training at either our headquarters in Oklahoma City, your Unit Franchise location, or any other location we designate, including:  Stretch Training Techniques  Basic Management BDP, & SOP training; financial and KPI training  Sales and marketing training  Software Training |
| Support | 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 |
||
| Medifast | Stretch U | |
| US Expansion | Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Idaho, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, Puerto Rico, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Medifast | |
| Stretch U | |
| Franchise Fee | |
| Medifast | |
| Stretch U | |
| Royalty Fee | |
| Medifast | |
| Stretch U | 6% |
| Advertising Fee | |
| Medifast | |
| Stretch U | 2% |
| Year Founded | |
| Medifast | 1980 |
| Stretch U | 2010 |
| Year Franchised | |
| Medifast | 2007 |
| Stretch U | 2012 |
| Term Of Agreement | |
| Medifast | |
| Stretch U | |
| Renewal Fee | |
| Medifast | |
| Stretch U | |
Business Experience Requirements |
|
| Experience | |
| Medifast | |
| Stretch U | |
Financing Options |
|
| Franchise Fees | |
| Medifast | |
| Stretch U | |
| Start-up Costs | |
| Medifast | |
| Stretch U | |
| Equipment | |
| Medifast} | |
| Stretch U | |
| Inventory | |
| Medifast | |
| Stretch U | |
| Receivables | |
| Medifast | |
| Stretch U | |
| Payroll | |
| Medifast | |
| Stretch U | |
Training & Support |
|
| Training | |
| Medifast | Comprehensive Training Programs: Program and product training Operational training Weight-loss consultation and member management training Sales training Continuing education programs |
| Stretch U | Between thirty (30) and sixty (60) days before your Unit Franchise opens for business, we provide our initial training program for Stretch U Unit Franchises to you, other members of your management team, and any agents you employ. The training program includes classroom instruction and Franchise operation and on-the-job training at either our headquarters in Oklahoma City, your Unit Franchise location, or any other location we designate, including:  Stretch Training Techniques  Basic Management BDP, & SOP training; financial and KPI training  Sales and marketing training  Software Training |
| Support | |
| 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 |
| Stretch U | |
| Marketing | |
| 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 |
| Stretch U | |
| Operations | |
| Medifast | |
| Stretch U | |
Expansion Plans |
|
| US Expansion | |
| Medifast | |
| Stretch U | Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Idaho, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, Puerto Rico, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming |
| Canada Expansion | |
| Medifast | |
| Stretch U | |
| International Expansion | |
| Medifast | |
| Stretch U | |