Start-Up Costs and Fees |
||
| Medifast | The Barre Code | |
| Investment | 148000 - 269000 | 190500 - 411800 |
| Franchise Fee | ||
| Royalty Fee | 6% | |
| Advertising Fee | 1% | |
| Year Founded | 1980 | 2010 |
| Year Franchised | 2007 | 2012 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Medifast | The Barre Code | |
| Experience | ||
Financing Options |
||
| Medifast | The Barre Code | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Medifast | The Barre Code | |
| 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: 42 hours Classroom Training: 128 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 | Number of Employees Required to Run: 1 - 2 | |
Expansion Plans |
||
| Medifast | The Barre Code | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Medifast | |
| The Barre Code | |
| Franchise Fee | |
| Medifast | |
| The Barre Code | |
| Royalty Fee | |
| Medifast | |
| The Barre Code | 6% |
| Advertising Fee | |
| Medifast | |
| The Barre Code | 1% |
| Year Founded | |
| Medifast | 1980 |
| The Barre Code | 2010 |
| Year Franchised | |
| Medifast | 2007 |
| The Barre Code | 2012 |
| Term Of Agreement | |
| Medifast | |
| The Barre Code | |
| Renewal Fee | |
| Medifast | |
| The Barre Code | |
Business Experience Requirements |
|
| Experience | |
| Medifast | |
| The Barre Code | |
Financing Options |
|
| Franchise Fees | |
| Medifast | |
| The Barre Code | |
| Start-up Costs | |
| Medifast | |
| The Barre Code | |
| Equipment | |
| Medifast} | |
| The Barre Code | |
| Inventory | |
| Medifast | |
| The Barre Code | |
| Receivables | |
| Medifast | |
| The Barre Code | |
| Payroll | |
| Medifast | |
| The Barre Code | |
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 |
| The Barre Code | On-The-Job Training: 42 hours Classroom Training: 128 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 |
| The Barre Code | 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 |
| The Barre Code | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Medifast | |
| The Barre Code | Number of Employees Required to Run: 1 - 2 |
Expansion Plans |
|
| US Expansion | |
| Medifast | |
| The Barre Code | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Medifast | |
| The Barre Code | |
| International Expansion | |
| Medifast | |
| The Barre Code | |