Start-Up Costs and Fees |
||
| Beverly Hills Weight Loss and Wellness | Shred415 | |
| Investment | 64000 - 96000 | 440280 - 959200 |
| Franchise Fee | 0 | 0 |
| Royalty Fee | 6% | 8% |
| Advertising Fee | ||
| Year Founded | 1988 | 1986 |
| Year Franchised | 1989 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Beverly Hills Weight Loss and Wellness | Shred415 | |
| Experience | General business experience Marketing skills Sales experience | |
Financing Options |
||
| Beverly Hills Weight Loss and Wellness | Shred415 | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | Yes | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Beverly Hills Weight Loss and Wellness | Shred415 | |
| Training | Ongoing training | On-The-Job Training: 48 hours Classroom Training: 32 hours |
| Support | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op advertising, Ad slicks | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| 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) | Absentee Ownership Allowed |
Expansion Plans |
||
| Beverly Hills Weight Loss and Wellness | Shred415 | |
| 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 | |
| Beverly Hills Weight Loss and Wellness | |
| Shred415 | |
| Franchise Fee | |
| Beverly Hills Weight Loss and Wellness | |
| Shred415 | |
| Royalty Fee | |
| Beverly Hills Weight Loss and Wellness | 6% |
| Shred415 | 8% |
| Advertising Fee | |
| Beverly Hills Weight Loss and Wellness | |
| Shred415 | |
| Year Founded | |
| Beverly Hills Weight Loss and Wellness | 1988 |
| Shred415 | 1986 |
| Year Franchised | |
| Beverly Hills Weight Loss and Wellness | 1989 |
| Shred415 | 2004 |
| Term Of Agreement | |
| Beverly Hills Weight Loss and Wellness | 5 years |
| Shred415 | 10 years |
| Renewal Fee | |
| Beverly Hills Weight Loss and Wellness | |
| Shred415 | |
Business Experience Requirements |
|
| Experience | |
| Beverly Hills Weight Loss and Wellness | General business experience Marketing skills Sales experience |
| Shred415 | |
Financing Options |
|
| Franchise Fees | |
| Beverly Hills Weight Loss and Wellness | No |
| Shred415 | No |
| Start-up Costs | |
| Beverly Hills Weight Loss and Wellness | |
| Shred415 | |
| Equipment | |
| Beverly Hills Weight Loss and Wellness} | |
| Shred415 | |
| Inventory | |
| Beverly Hills Weight Loss and Wellness | |
| Shred415 | |
| Receivables | |
| Beverly Hills Weight Loss and Wellness | |
| Shred415 | |
| Payroll | |
| Beverly Hills Weight Loss and Wellness | |
| Shred415 | |
Training & Support |
|
| Training | |
| Beverly Hills Weight Loss and Wellness | Ongoing training |
| Shred415 | On-The-Job Training: 48 hours Classroom Training: 32 hours |
| Support | |
| Beverly Hills Weight Loss and Wellness | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| Shred415 | Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Beverly Hills Weight Loss and Wellness | Co-op advertising, Ad slicks |
| Shred415 | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| 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) |
| Shred415 | Absentee Ownership Allowed |
Expansion Plans |
|
| US Expansion | |
| Beverly Hills Weight Loss and Wellness | |
| Shred415 | 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 | |
| Beverly Hills Weight Loss and Wellness | |
| Shred415 | |
| International Expansion | |
| Beverly Hills Weight Loss and Wellness | |
| Shred415 | |