Click to Print This Page
Entrepreneur: Start & Grow Your Business

HyTech Weight Loss

Weight-loss center

Background

Founded: 2004 Franchising since: 2005
16909 Lakeside Hills, #112
Omaha, Northeast 68130
Phone:
(402)330-9100


Franchisor is a privately-held company with 10 employee(s); 5 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2007 9 0 0 2
2006 3 0 0 2
2005 N/A N/A N/A 2

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

Exclusive territories available.
Territory size: 70K+ population

Costs and Fees

Total investment: $46.5K-118K
Franchise fee: $19.5K
Ongoing royalty fee: 6%
Term of agreement: 10 years, renewable


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

Qualifications
Net worth requirement: $100K
Cash liquidity requirement: $50K
Business Experience:
  • General business experience
  • Marketing skills

Operations
  • 80% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 3 - 3
  • Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 1 week
  • At franchisee's location: 1 week

Ongoing Support
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations

Marketing Support
  • Ad slicks

Other marketing support
  • TV commercials & radio