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Entrepreneur: Start & Grow Your Business

Medi-Weightloss Franchising USA LLC

Physician-supervised weight loss program

Background

Founded: 2004 Franchising since: 2008
509 S. Hyde Park Ave.
Tampa, Florida 33606
Phone:
(813)228-6334


Franchisor is a privately-held company with 35 employee(s); 35 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 42 0 0 0
2008 11 0 0 0
2007 N/A N/A N/A 0
2006 N/A N/A N/A 0
2005 N/A N/A N/A 0

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, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.
Territory size: Upon request

Costs and Fees

Total investment: $157.3K-487.8K
Franchise fee: $50K-100K
Ongoing royalty fee: $6.3K-10.5K/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
Net worth requirement: $500K
Cash liquidity requirement: $200K
Business Experience:
  • Industry experience
  • General business experience
  • Marketing skills
  • Health care experience a plus

Operations
  • 25% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 4 - 10
  • Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 5 days
  • At franchisee's location: 2 days

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Co-op advertising
  • Ad slicks
  • National media
  • Regional advertising