Rank no. 322 – Medi-Weightloss Franchising USA LLC – US
Products & Services: Medical weight-loss & wellness program
Number of Locations: 72
Total Investment: $101.58K – 338.07K
Began Franchising: 2008
About Medi-Weightloss Franchising USA LLC
After retiring from a career in financial services, diet and health enthusiast Edward Kaloust founded Medi-Weightloss in 2004 to offer physician-supervised weight-loss and fitness programs. The company began franchising in 2008.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $35,000 – $128,000
Ongoing Royalty Fee: $1.5K-$12.5K/mo.
Term of Franchise Agreement: 10 years, renewable
Net Worth: $500,000
Liquid Cash Available: $350,000
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).
|FINANCING TYPE||IN-HOUSE||THIRD PARTY|