Start-Up Costs and Fees |
||
| Slender Lady | Medifast | |
| Investment | 50000 - 50000 | 148000 - 269000 |
| Franchise Fee | 0 | |
| Royalty Fee | $395/495/mo. | |
| Advertising Fee | ||
| Year Founded | 1996 | 1980 |
| Year Franchised | 1997 | 2007 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Slender Lady | Medifast | |
| Experience | ||
Financing Options |
||
| Slender Lady | Medifast | |
| Franchise Fees | Yes | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Slender Lady | Medifast | |
| Training | Comprehensive Training Programs: Program and product training Operational training Weight-loss consultation and member management training Sales training Continuing education programs | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | 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 slicks, National media, Regional advertising | 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 | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Slender Lady | Medifast | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Slender Lady | |
| Medifast | |
| Franchise Fee | |
| Slender Lady | |
| Medifast | |
| Royalty Fee | |
| Slender Lady | $395/495/mo. |
| Medifast | |
| Advertising Fee | |
| Slender Lady | |
| Medifast | |
| Year Founded | |
| Slender Lady | 1996 |
| Medifast | 1980 |
| Year Franchised | |
| Slender Lady | 1997 |
| Medifast | 2007 |
| Term Of Agreement | |
| Slender Lady | 7 years |
| Medifast | |
| Renewal Fee | |
| Slender Lady | |
| Medifast | |
Business Experience Requirements |
|
| Experience | |
| Slender Lady | |
| Medifast | |
Financing Options |
|
| Franchise Fees | |
| Slender Lady | Yes |
| Medifast | Yes |
| Start-up Costs | |
| Slender Lady | |
| Medifast | |
| Equipment | |
| Slender Lady} | |
| Medifast | |
| Inventory | |
| Slender Lady | |
| Medifast | |
| Receivables | |
| Slender Lady | |
| Medifast | |
| Payroll | |
| Slender Lady | |
| Medifast | |
Training & Support |
|
| Training | |
| Slender Lady | |
| Medifast | Comprehensive Training Programs: Program and product training Operational training Weight-loss consultation and member management training Sales training Continuing education programs |
| Support | |
| Slender Lady | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| 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 | |
| Slender Lady | Co-op advertising, Ad slicks, National media, Regional advertising |
| 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 | |
| Slender Lady | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
| Medifast | |
Expansion Plans |
|
| US Expansion | |
| Slender Lady | |
| Medifast | |
| Canada Expansion | |
| Slender Lady | |
| Medifast | |
| International Expansion | |
| Slender Lady | |
| Medifast | |