Start-Up Costs and Fees |
||
| Profile by Sanford | Medifast | |
| Investment | 388500 - 634500 | 148000 - 269000 |
| Franchise Fee | ||
| Royalty Fee | 5% | |
| Advertising Fee | 2% | |
| Year Founded | 2012 | 1980 |
| Year Franchised | 2014 | 2007 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Profile by Sanford | Medifast | |
| Experience | ||
Financing Options |
||
| Profile by Sanford | Medifast | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Profile by Sanford | Medifast | |
| Training | On-The-Job Training: 228 hours Classroom Training: 32 hours Additional Training: 15 hours annually | Comprehensive Training Programs: Program and product training Operational training Weight-loss consultation and member management training Sales training Continuing education programs |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | 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 |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | 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 |
| Operations | Number of Employees Required to Run: 5 | |
Expansion Plans |
||
| Profile by Sanford | Medifast | |
| 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 | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Profile by Sanford | |
| Medifast | |
| Franchise Fee | |
| Profile by Sanford | |
| Medifast | |
| Royalty Fee | |
| Profile by Sanford | 5% |
| Medifast | |
| Advertising Fee | |
| Profile by Sanford | 2% |
| Medifast | |
| Year Founded | |
| Profile by Sanford | 2012 |
| Medifast | 1980 |
| Year Franchised | |
| Profile by Sanford | 2014 |
| Medifast | 2007 |
| Term Of Agreement | |
| Profile by Sanford | |
| Medifast | |
| Renewal Fee | |
| Profile by Sanford | |
| Medifast | |
Business Experience Requirements |
|
| Experience | |
| Profile by Sanford | |
| Medifast | |
Financing Options |
|
| Franchise Fees | |
| Profile by Sanford | |
| Medifast | |
| Start-up Costs | |
| Profile by Sanford | |
| Medifast | |
| Equipment | |
| Profile by Sanford} | |
| Medifast | |
| Inventory | |
| Profile by Sanford | |
| Medifast | |
| Receivables | |
| Profile by Sanford | |
| Medifast | |
| Payroll | |
| Profile by Sanford | |
| Medifast | |
Training & Support |
|
| Training | |
| Profile by Sanford | On-The-Job Training: 228 hours Classroom Training: 32 hours Additional Training: 15 hours annually |
| Medifast | Comprehensive Training Programs: Program and product training Operational training Weight-loss consultation and member management training Sales training Continuing education programs |
| Support | |
| Profile by Sanford | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| 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 |
| Marketing | |
| Profile by Sanford | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| 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 |
| Operations | |
| Profile by Sanford | Number of Employees Required to Run: 5 |
| Medifast | |
Expansion Plans |
|
| US Expansion | |
| Profile by Sanford | 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 |
| Medifast | |
| Canada Expansion | |
| Profile by Sanford | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| Medifast | |
| International Expansion | |
| Profile by Sanford | |
| Medifast | |