- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$114K - $197K
- Units as of 2022
-
2 0.0% over 3 years
Company Overview
About Weighless MD
| Industry | Health & Wellness |
|---|---|
| Related Categories | Miscellaneous Health Services, Weight-Loss Services |
| Founded | 2014 |
| Leadership | Cheri Stoka, CEO |
| Corporate Address |
14960 W. Greenfield Ave., #104 Brookfield, WI 53005 |
Business Overview
| Franchising Since | 2022 (3 years) |
|---|---|
| # of employees at HQ | 10 |
| Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises worldwide. |
| # of Units | 2 (as of 2022) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Weighless MD 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
|
$35,000 |
|---|---|
|
Initial Investment
|
$114,250 - $196,500 |
|
Net Worth Requirement
|
$35,000 |
|
Cash Requirement
|
$35,000 |
|
Royalty Fee
|
5-5.5% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
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 | Weighless MD has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
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 | 75 hours |
|---|---|
| Classroom Training | 57 hours |
| Ongoing Support |
Grand Opening
Site Selection
|
| Marketing Support |
Social Media
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
|
Are exclusive territories available?
|
Yes |
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