Start-Up Costs and Fees |
||
| Team Spirit Fitness Centers | Medifast | |
| Investment | 69000 - 69000 | 148000 - 269000 |
| Franchise Fee | ||
| Royalty Fee | 6% | |
| Advertising Fee | ||
| Year Founded | 2002 | 1980 |
| Year Franchised | 2004 | 2007 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Team Spirit Fitness Centers | Medifast | |
| Experience | ||
Financing Options |
||
| Team Spirit Fitness Centers | Medifast | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Team Spirit Fitness Centers | Medifast | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: 5 days | Comprehensive Training Programs: Program and product training Operational training Weight-loss consultation and member management training Sales training Continuing education programs |
| 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 | |
| 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 | |
| Operations | * Number of employees needed to run franchised unit: 3 - 3 * Absentee ownership of franchise is NOT allowed. | |
Expansion Plans |
||
| Team Spirit Fitness Centers | Medifast | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Team Spirit Fitness Centers | |
| Medifast | |
| Franchise Fee | |
| Team Spirit Fitness Centers | |
| Medifast | |
| Royalty Fee | |
| Team Spirit Fitness Centers | 6% |
| Medifast | |
| Advertising Fee | |
| Team Spirit Fitness Centers | |
| Medifast | |
| Year Founded | |
| Team Spirit Fitness Centers | 2002 |
| Medifast | 1980 |
| Year Franchised | |
| Team Spirit Fitness Centers | 2004 |
| Medifast | 2007 |
| Term Of Agreement | |
| Team Spirit Fitness Centers | 5 years |
| Medifast | |
| Renewal Fee | |
| Team Spirit Fitness Centers | |
| Medifast | |
Business Experience Requirements |
|
| Experience | |
| Team Spirit Fitness Centers | |
| Medifast | |
Financing Options |
|
| Franchise Fees | |
| Team Spirit Fitness Centers | No |
| Medifast | No |
| Start-up Costs | |
| Team Spirit Fitness Centers | |
| Medifast | |
| Equipment | |
| Team Spirit Fitness Centers} | |
| Medifast | |
| Inventory | |
| Team Spirit Fitness Centers | |
| Medifast | |
| Receivables | |
| Team Spirit Fitness Centers | |
| Medifast | |
| Payroll | |
| Team Spirit Fitness Centers | |
| Medifast | |
Training & Support |
|
| Training | |
| Team Spirit Fitness Centers | * Available at headquarters: 2 weeks * At franchisee's location: 5 days |
| Medifast | Comprehensive Training Programs: Program and product training Operational training Weight-loss consultation and member management training Sales training Continuing education programs |
| Support | |
| Team Spirit Fitness Centers | |
| 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 | |
| Team Spirit Fitness Centers | |
| 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 | |
| Team Spirit Fitness Centers | * Number of employees needed to run franchised unit: 3 - 3 * Absentee ownership of franchise is NOT allowed. |
| Medifast | |
Expansion Plans |
|
| US Expansion | |
| Team Spirit Fitness Centers | |
| Medifast | |
| Canada Expansion | |
| Team Spirit Fitness Centers | |
| Medifast | |
| International Expansion | |
| Team Spirit Fitness Centers | |
| Medifast | |