Start-Up Costs and Fees |
||
| The Max Challenge | Medifast | |
| Investment | 131868 - 280592 | 148000 - 269000 |
| Franchise Fee | ||
| Royalty Fee | 6% | |
| Advertising Fee | 2% | |
| Year Founded | 2011 | 1980 |
| Year Franchised | 2013 | 2007 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Max Challenge | Medifast | |
| Experience | ||
Financing Options |
||
| The Max Challenge | Medifast | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| The Max Challenge | Medifast | |
| Training | On-The-Job Training: 18 hours Classroom Training: 40 hours Additional Training: Ongoing virtual training | 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 Security/Safety Procedures 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 | Absentee Ownership Allowed Number of Employees Required to Run: 2 | |
Expansion Plans |
||
| The Max Challenge | Medifast | |
| US Expansion | ||
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| The Max Challenge | |
| Medifast | |
| Franchise Fee | |
| The Max Challenge | |
| Medifast | |
| Royalty Fee | |
| The Max Challenge | 6% |
| Medifast | |
| Advertising Fee | |
| The Max Challenge | 2% |
| Medifast | |
| Year Founded | |
| The Max Challenge | 2011 |
| Medifast | 1980 |
| Year Franchised | |
| The Max Challenge | 2013 |
| Medifast | 2007 |
| Term Of Agreement | |
| The Max Challenge | |
| Medifast | |
| Renewal Fee | |
| The Max Challenge | |
| Medifast | |
Business Experience Requirements |
|
| Experience | |
| The Max Challenge | |
| Medifast | |
Financing Options |
|
| Franchise Fees | |
| The Max Challenge | |
| Medifast | |
| Start-up Costs | |
| The Max Challenge | |
| Medifast | |
| Equipment | |
| The Max Challenge} | |
| Medifast | |
| Inventory | |
| The Max Challenge | |
| Medifast | |
| Receivables | |
| The Max Challenge | |
| Medifast | |
| Payroll | |
| The Max Challenge | |
| Medifast | |
Training & Support |
|
| Training | |
| The Max Challenge | On-The-Job Training: 18 hours Classroom Training: 40 hours Additional Training: Ongoing virtual training |
| Medifast | Comprehensive Training Programs: Program and product training Operational training Weight-loss consultation and member management training Sales training Continuing education programs |
| Support | |
| The Max Challenge | 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 |
| 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 | |
| The Max Challenge | 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 | |
| The Max Challenge | Absentee Ownership Allowed Number of Employees Required to Run: 2 |
| Medifast | |
Expansion Plans |
|
| US Expansion | |
| The Max Challenge | |
| Medifast | |
| Canada Expansion | |
| The Max Challenge | |
| Medifast | |
| International Expansion | |
| The Max Challenge | |
| Medifast | |