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Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$105K - $183K
Units as of 2017
44 Decrease 18% over 3 years

Company Overview

About Physicians Weight Loss Centers

Industry Health & Wellness
Related Categories Miscellaneous Health Services, Weight-Loss Services
Founded 1979
Parent Company The Health Management Group Inc.
Leadership Charles Sekeres, Founder and CEO
Corporate Address 395 Springside Dr.
Akron, OH 44333
Social Facebook, Twitter

Business Overview

Franchising Since 1980 (44 years)
# of employees at HQ 20
Where seeking

This company is offering new franchises in the following US states:

# of Units 44 (as of 2017)

Information for Franchisees

Here's what you need to know if you're interested in opening a Physicians Weight Loss Centers franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$35,000
Initial Investment Information Circle
$104,643 - $182,857
Net Worth Requirement Information Circle
$100,000
Cash Requirement Information Circle
$50,000
Royalty Fee Information Circle
5.5-3.5%
Ad Royalty Fee Information Circle
$249/mo.
Term of Agreement Information Circle
5 years
Is franchise term renewable? Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing Physicians Weight Loss Centers has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 1 week
Classroom Training 2 weeks
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Marketing Support
Ad Templates

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
Are exclusive territories available? Information Circle
Yes
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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022