Start-Up Costs and Fees |
||
| Medifast | Crunch Fitness | |
| Investment | 148000 - 269000 | 255500 - 2320500 |
| Franchise Fee | ||
| Royalty Fee | 5% | |
| Advertising Fee | 2% | |
| Year Founded | 1980 | 1989 |
| Year Franchised | 2007 | 2010 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Medifast | Crunch Fitness | |
| Experience | ||
Financing Options |
||
| Medifast | Crunch Fitness | |
| Franchise Fees | Yes | |
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Medifast | Crunch Fitness | |
| Training | Comprehensive Training Programs: Program and product training Operational training Weight-loss consultation and member management training Sales training Continuing education programs | On-The-Job Training: 40 hours Classroom Training: 16 hours |
| 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 | 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 | 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 | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 15 | |
Expansion Plans |
||
| Medifast | Crunch Fitness | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Medifast | |
| Crunch Fitness | |
| Franchise Fee | |
| Medifast | |
| Crunch Fitness | |
| Royalty Fee | |
| Medifast | |
| Crunch Fitness | 5% |
| Advertising Fee | |
| Medifast | |
| Crunch Fitness | 2% |
| Year Founded | |
| Medifast | 1980 |
| Crunch Fitness | 1989 |
| Year Franchised | |
| Medifast | 2007 |
| Crunch Fitness | 2010 |
| Term Of Agreement | |
| Medifast | |
| Crunch Fitness | 10 years |
| Renewal Fee | |
| Medifast | |
| Crunch Fitness | |
Business Experience Requirements |
|
| Experience | |
| Medifast | |
| Crunch Fitness | |
Financing Options |
|
| Franchise Fees | |
| Medifast | |
| Crunch Fitness | |
| Start-up Costs | |
| Medifast | |
| Crunch Fitness | |
| Equipment | |
| Medifast} | |
| Crunch Fitness | |
| Inventory | |
| Medifast | |
| Crunch Fitness | |
| Receivables | |
| Medifast | |
| Crunch Fitness | |
| Payroll | |
| Medifast | |
| Crunch Fitness | |
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 |
| Crunch Fitness | On-The-Job Training: 40 hours Classroom Training: 16 hours |
| 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 |
| Crunch Fitness | 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 | |
| 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 |
| Crunch Fitness | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Medifast | |
| Crunch Fitness | Absentee Ownership Allowed Number of Employees Required to Run: 15 |
Expansion Plans |
|
| US Expansion | |
| Medifast | |
| Crunch Fitness | |
| Canada Expansion | |
| Medifast | |
| Crunch Fitness | |
| International Expansion | |
| Medifast | |
| Crunch Fitness | |