Start-Up Costs and Fees |
||
| HOTWORX Studio | Medifast | |
| Investment | 188070 - 351885 | 148000 - 269000 |
| Franchise Fee | ||
| Royalty Fee | $550/mo. | |
| Advertising Fee | ||
| Year Founded | 2016 | 1980 |
| Year Franchised | 2017 | 2007 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| HOTWORX Studio | Medifast | |
| Experience | ||
Financing Options |
||
| HOTWORX Studio | Medifast | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| HOTWORX Studio | Medifast | |
| Training | Comprehensive Training Programs: Program and product training Operational training Weight-loss consultation and member management training Sales training Continuing education programs | |
| 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 |
||
| HOTWORX Studio | 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 | |
| HOTWORX Studio | |
| Medifast | |
| Franchise Fee | |
| HOTWORX Studio | |
| Medifast | |
| Royalty Fee | |
| HOTWORX Studio | $550/mo. |
| Medifast | |
| Advertising Fee | |
| HOTWORX Studio | |
| Medifast | |
| Year Founded | |
| HOTWORX Studio | 2016 |
| Medifast | 1980 |
| Year Franchised | |
| HOTWORX Studio | 2017 |
| Medifast | 2007 |
| Term Of Agreement | |
| HOTWORX Studio | |
| Medifast | |
| Renewal Fee | |
| HOTWORX Studio | |
| Medifast | |
Business Experience Requirements |
|
| Experience | |
| HOTWORX Studio | |
| Medifast | |
Financing Options |
|
| Franchise Fees | |
| HOTWORX Studio | |
| Medifast | |
| Start-up Costs | |
| HOTWORX Studio | |
| Medifast | |
| Equipment | |
| HOTWORX Studio} | |
| Medifast | |
| Inventory | |
| HOTWORX Studio | |
| Medifast | |
| Receivables | |
| HOTWORX Studio | |
| Medifast | |
| Payroll | |
| HOTWORX Studio | |
| Medifast | |
Training & Support |
|
| Training | |
| HOTWORX Studio | |
| Medifast | Comprehensive Training Programs: Program and product training Operational training Weight-loss consultation and member management training Sales training Continuing education programs |
| Support | |
| HOTWORX Studio | |
| 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 | |
| HOTWORX Studio | |
| 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 | |
| HOTWORX Studio | |
| Medifast | |
Expansion Plans |
|
| US Expansion | |
| HOTWORX Studio | 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 | |
| HOTWORX Studio | |
| Medifast | |
| International Expansion | |
| HOTWORX Studio | |
| Medifast | |