Start-Up Costs and Fees |
||
| Medifast | ShapeXpress | |
| Investment | 148000 - 269000 | 89500 - 152000 |
| Franchise Fee | 0 | |
| Royalty Fee | Varies | |
| Advertising Fee | ||
| Year Founded | 1980 | 2002 |
| Year Franchised | 2007 | 2003 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Medifast | ShapeXpress | |
| Experience | Marketing skills Sales skills, previous employee supervision skills | |
Financing Options |
||
| Medifast | ShapeXpress | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Medifast | ShapeXpress | |
| Training | Comprehensive Training Programs: Program and product training Operational training Weight-loss consultation and member management training Sales training Continuing education programs | Ongoing |
| 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, Toll-free phone line, Grand opening, Internet, Security/safety procedures, 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 | Co-op advertising, Ad slicks, Regional advertising |
| Operations | Franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 3 - 4 Absentee ownership of franchise is allowed. (35% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Medifast | ShapeXpress | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Medifast | |
| ShapeXpress | |
| Franchise Fee | |
| Medifast | |
| ShapeXpress | |
| Royalty Fee | |
| Medifast | |
| ShapeXpress | Varies |
| Advertising Fee | |
| Medifast | |
| ShapeXpress | |
| Year Founded | |
| Medifast | 1980 |
| ShapeXpress | 2002 |
| Year Franchised | |
| Medifast | 2007 |
| ShapeXpress | 2003 |
| Term Of Agreement | |
| Medifast | |
| ShapeXpress | 10 years |
| Renewal Fee | |
| Medifast | |
| ShapeXpress | $2.5K |
Business Experience Requirements |
|
| Experience | |
| Medifast | |
| ShapeXpress | Marketing skills Sales skills, previous employee supervision skills |
Financing Options |
|
| Franchise Fees | |
| Medifast | |
| ShapeXpress | |
| Start-up Costs | |
| Medifast | |
| ShapeXpress | |
| Equipment | |
| Medifast} | |
| ShapeXpress | |
| Inventory | |
| Medifast | |
| ShapeXpress | |
| Receivables | |
| Medifast | |
| ShapeXpress | |
| Payroll | |
| Medifast | |
| ShapeXpress | |
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 |
| ShapeXpress | Ongoing |
| 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 |
| ShapeXpress | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, 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 |
| ShapeXpress | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Medifast | |
| ShapeXpress | Franchisees required to buy multiple units/master licenses Number of employees needed to run franchised unit: 3 - 4 Absentee ownership of franchise is allowed. (35% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Medifast | |
| ShapeXpress | |
| Canada Expansion | |
| Medifast | |
| ShapeXpress | |
| International Expansion | |
| Medifast | |
| ShapeXpress | |