Start-Up Costs and Fees |
||
| Medifast | Cuts Fitness For Men | |
| Investment | 148000 - 269000 | 33600 - 77900 |
| Franchise Fee | ||
| Royalty Fee | $400/mo. | |
| Advertising Fee | ||
| Year Founded | 1980 | 2003 |
| Year Franchised | 2007 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Medifast | Cuts Fitness For Men | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| Medifast | Cuts Fitness For Men | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Medifast | Cuts Fitness For Men | |
| 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 | Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| 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, Regional advertising |
| Operations | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Medifast | Cuts Fitness For Men | |
| US Expansion | ||
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Medifast | |
| Cuts Fitness For Men | |
| Franchise Fee | |
| Medifast | |
| Cuts Fitness For Men | |
| Royalty Fee | |
| Medifast | |
| Cuts Fitness For Men | $400/mo. |
| Advertising Fee | |
| Medifast | |
| Cuts Fitness For Men | |
| Year Founded | |
| Medifast | 1980 |
| Cuts Fitness For Men | 2003 |
| Year Franchised | |
| Medifast | 2007 |
| Cuts Fitness For Men | 2003 |
| Term Of Agreement | |
| Medifast | |
| Cuts Fitness For Men | 10 years |
| Renewal Fee | |
| Medifast | |
| Cuts Fitness For Men | |
Business Experience Requirements |
|
| Experience | |
| Medifast | |
| Cuts Fitness For Men | Industry experience General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Medifast | |
| Cuts Fitness For Men | |
| Start-up Costs | |
| Medifast | |
| Cuts Fitness For Men | |
| Equipment | |
| Medifast} | |
| Cuts Fitness For Men | |
| Inventory | |
| Medifast | |
| Cuts Fitness For Men | |
| Receivables | |
| Medifast | |
| Cuts Fitness For Men | |
| Payroll | |
| Medifast | |
| Cuts Fitness For Men | |
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 |
| Cuts Fitness For Men | |
| 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 |
| Cuts Fitness For Men | Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| 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 |
| Cuts Fitness For Men | Co-op advertising, Regional advertising |
| Operations | |
| Medifast | |
| Cuts Fitness For Men | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 2 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Medifast | |
| Cuts Fitness For Men | |
| Canada Expansion | |
| Medifast | |
| Cuts Fitness For Men | 0 |
| International Expansion | |
| Medifast | |
| Cuts Fitness For Men | |