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Entrepreneur: Start & Grow Your Business

Healthy Inspirations IFP Inc.

Weight-loss & fitness center

Background

Founded: 2000 Franchising since: 2004
11 Kenyon Ave.
Wakefield, Rhode island 02879
Phone:
(800)725-6147


Franchisor is a privately-held company with 8 employee(s); 4 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2005 15 0 18 0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Kansas, Louisiana, Massachusetts, Maine, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, New hampshire, New jersey, New mexico, Nevada, Ohio, Oklahoma, Pennsylvania, Rhode island, South carolina, Tennessee, Texas, United states, Utah, Virginia, Vermont, West virginia, Wyoming

Costs and Fees

Total investment: $105.4K-143.2K
Franchise fee: $15K
Ongoing royalty fee: $395/mo.
Term of agreement: 10 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No No
Startup Costs No No
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Cash liquidity requirement: $100K
Business Experience:
  • General business experience

Operations
  • 5% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 4 - 4
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 1 week

Ongoing Support
  • Meetings
  • Toll-free phone line
  • Internet
  • Field operations/evaluations

Marketing Support
  • Ad slicks