Start-Up Costs and Fees |
||
| Medifast | Healthy Inspirations | |
| Investment | 148000 - 269000 | 75000 - 375000 |
| Franchise Fee | ||
| Royalty Fee | $395/mo. | |
| Advertising Fee | ||
| Year Founded | 1980 | 2000 |
| Year Franchised | 2007 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Medifast | Healthy Inspirations | |
| Experience | General business experience | |
Financing Options |
||
| Medifast | Healthy Inspirations | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Medifast | Healthy Inspirations | |
| 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 | Meetings, Toll-free phone line, Internet, Field operations/evaluations |
| 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 | Ad slicks |
| Operations | International franchisees required to buy multiple units/master licenses; 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 - 4 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Medifast | Healthy Inspirations | |
| US Expansion | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Kansas, Louisiana, Massachusetts, Maine, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, West Virginia, Wyoming, | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Medifast | |
| Healthy Inspirations | |
| Franchise Fee | |
| Medifast | |
| Healthy Inspirations | |
| Royalty Fee | |
| Medifast | |
| Healthy Inspirations | $395/mo. |
| Advertising Fee | |
| Medifast | |
| Healthy Inspirations | |
| Year Founded | |
| Medifast | 1980 |
| Healthy Inspirations | 2000 |
| Year Franchised | |
| Medifast | 2007 |
| Healthy Inspirations | 2004 |
| Term Of Agreement | |
| Medifast | |
| Healthy Inspirations | 10 years |
| Renewal Fee | |
| Medifast | |
| Healthy Inspirations | $2.5K or 20% of franchise fee |
Business Experience Requirements |
|
| Experience | |
| Medifast | |
| Healthy Inspirations | General business experience |
Financing Options |
|
| Franchise Fees | |
| Medifast | |
| Healthy Inspirations | |
| Start-up Costs | |
| Medifast | |
| Healthy Inspirations | |
| Equipment | |
| Medifast} | |
| Healthy Inspirations | |
| Inventory | |
| Medifast | |
| Healthy Inspirations | |
| Receivables | |
| Medifast | |
| Healthy Inspirations | |
| Payroll | |
| Medifast | |
| Healthy Inspirations | |
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 |
| Healthy Inspirations | |
| 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 |
| Healthy Inspirations | Meetings, Toll-free phone line, Internet, Field operations/evaluations |
| 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 |
| Healthy Inspirations | Ad slicks |
| Operations | |
| Medifast | |
| Healthy Inspirations | International franchisees required to buy multiple units/master licenses; 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 - 4 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Medifast | |
| Healthy Inspirations | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Kansas, Louisiana, Massachusetts, Maine, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, West Virginia, Wyoming, |
| Canada Expansion | |
| Medifast | |
| Healthy Inspirations | 0 |
| International Expansion | |
| Medifast | |
| Healthy Inspirations | |