Start-Up Costs and Fees |
||
| Medifast | Row House | |
| Investment | 148000 - 269000 | 257700 - 475800 |
| Franchise Fee | ||
| Royalty Fee | 7% | |
| Advertising Fee | 2% | |
| Year Founded | 1980 | 2015 |
| Year Franchised | 2007 | 2017 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Medifast | Row House | |
| Experience | ||
Financing Options |
||
| Medifast | Row House | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Medifast | Row House | |
| 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: 1 hour Classroom Training: 22 hours Additional Training: Manager training |
| 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 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 | Number of Employees Required to Run: 8 | |
Expansion Plans |
||
| Medifast | Row House | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Medifast | |
| Row House | |
| Franchise Fee | |
| Medifast | |
| Row House | |
| Royalty Fee | |
| Medifast | |
| Row House | 7% |
| Advertising Fee | |
| Medifast | |
| Row House | 2% |
| Year Founded | |
| Medifast | 1980 |
| Row House | 2015 |
| Year Franchised | |
| Medifast | 2007 |
| Row House | 2017 |
| Term Of Agreement | |
| Medifast | |
| Row House | |
| Renewal Fee | |
| Medifast | |
| Row House | |
Business Experience Requirements |
|
| Experience | |
| Medifast | |
| Row House | |
Financing Options |
|
| Franchise Fees | |
| Medifast | |
| Row House | |
| Start-up Costs | |
| Medifast | |
| Row House | |
| Equipment | |
| Medifast} | |
| Row House | |
| Inventory | |
| Medifast | |
| Row House | |
| Receivables | |
| Medifast | |
| Row House | |
| Payroll | |
| Medifast | |
| Row House | |
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 |
| Row House | On-The-Job Training: 1 hour Classroom Training: 22 hours Additional Training: Manager training |
| 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 |
| Row House | Purchasing Co-ops Newsletter Meetings/Conventions 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 |
| Row House | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Medifast | |
| Row House | Number of Employees Required to Run: 8 |
Expansion Plans |
|
| US Expansion | |
| Medifast | |
| Row House | |
| Canada Expansion | |
| Medifast | |
| Row House | |
| International Expansion | |
| Medifast | |
| Row House | |