Start-Up Costs and Fees |
||
| Beverly Hills Weight Loss and Wellness | The Max Challenge | |
| Investment | 64000 - 96000 | 131868 - 280592 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 2% | |
| Year Founded | 1988 | 2011 |
| Year Franchised | 1989 | 2013 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Beverly Hills Weight Loss and Wellness | The Max Challenge | |
| Experience | General business experience Marketing skills Sales experience | |
Financing Options |
||
| Beverly Hills Weight Loss and Wellness | The Max Challenge | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | Yes | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Beverly Hills Weight Loss and Wellness | The Max Challenge | |
| Training | Ongoing training | On-The-Job Training: 18 hours Classroom Training: 40 hours Additional Training: Ongoing virtual training |
| Support | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures 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 Number of Employees Required to Run: 2 |
Expansion Plans |
||
| Beverly Hills Weight Loss and Wellness | The Max Challenge | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Beverly Hills Weight Loss and Wellness | |
| The Max Challenge | |
| Franchise Fee | |
| Beverly Hills Weight Loss and Wellness | |
| The Max Challenge | |
| Royalty Fee | |
| Beverly Hills Weight Loss and Wellness | 6% |
| The Max Challenge | 6% |
| Advertising Fee | |
| Beverly Hills Weight Loss and Wellness | |
| The Max Challenge | 2% |
| Year Founded | |
| Beverly Hills Weight Loss and Wellness | 1988 |
| The Max Challenge | 2011 |
| Year Franchised | |
| Beverly Hills Weight Loss and Wellness | 1989 |
| The Max Challenge | 2013 |
| Term Of Agreement | |
| Beverly Hills Weight Loss and Wellness | 5 years |
| The Max Challenge | |
| Renewal Fee | |
| Beverly Hills Weight Loss and Wellness | |
| The Max Challenge | |
Business Experience Requirements |
|
| Experience | |
| Beverly Hills Weight Loss and Wellness | General business experience Marketing skills Sales experience |
| The Max Challenge | |
Financing Options |
|
| Franchise Fees | |
| Beverly Hills Weight Loss and Wellness | No |
| The Max Challenge | No |
| Start-up Costs | |
| Beverly Hills Weight Loss and Wellness | |
| The Max Challenge | |
| Equipment | |
| Beverly Hills Weight Loss and Wellness} | |
| The Max Challenge | |
| Inventory | |
| Beverly Hills Weight Loss and Wellness | |
| The Max Challenge | |
| Receivables | |
| Beverly Hills Weight Loss and Wellness | |
| The Max Challenge | |
| Payroll | |
| Beverly Hills Weight Loss and Wellness | |
| The Max Challenge | |
Training & Support |
|
| Training | |
| Beverly Hills Weight Loss and Wellness | Ongoing training |
| The Max Challenge | On-The-Job Training: 18 hours Classroom Training: 40 hours Additional Training: Ongoing virtual training |
| Support | |
| Beverly Hills Weight Loss and Wellness | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations |
| The Max Challenge | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Beverly Hills Weight Loss and Wellness | Co-op advertising, Ad slicks |
| The Max Challenge | 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) |
| The Max Challenge | Absentee Ownership Allowed Number of Employees Required to Run: 2 |
Expansion Plans |
|
| US Expansion | |
| Beverly Hills Weight Loss and Wellness | |
| The Max Challenge | |
| Canada Expansion | |
| Beverly Hills Weight Loss and Wellness | |
| The Max Challenge | |
| International Expansion | |
| Beverly Hills Weight Loss and Wellness | |
| The Max Challenge | |