Slim & Fit Franchise LLC

At a Glance

Products & Services: Weight-loss & fitness programs

Number of Locations: 6

Total Investment: $70.1K - $141K

Founded: 2008

Began Franchising: 2009

Franchise Units

Year U.S. Canadian International Company Owned
2012 5 0 0 1
2011 10 0 0 1
2010 9 0 0 1
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S. and Canada.

Startup Costs, Ongoing Fees and Financing

Total Investment: $70,100 - $141,000
Franchise Fee: $30,000
Ongoing Royalty Fee: 5-3%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Liquid Cash Available: $85,000
Operations
20% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 3 - 6. Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators).
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 3 days. At franchisee's location: up to 3 days at grand opening.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, National media,
Other marketing support: Marketing manual