8/10

Franchimp Summary Rating

5 /10
Higher than 52% of peers

Franchise Summary

Description
The franchise offered is for a Medi-Weightloss® Business that offers proprietary weight loss, wellness, nutritional and weight management products, services and programs.
Company Background
Medi-Weightloss is a weight loss franchise that offers its services through franchises. Medi-Weightloss was founded in 1989 with the goal of providing quality weight management products and programs to people who want to lose weight, stay healthy, and live well. The company has helped over 1 million customers achieve their goals by offering them the tools they need to succeed through personalized coaching, meal plans designed for any lifestyle, comprehensive education on how food affects your body, and more.
Franchise Opportunity
Obesity is a major problem in the United States, and it's only getting worse. More than one-third of American adults are obese, and that number is only going up. Obesity is linked to heart disease, stroke, type 2 diabetes, and cancer, and costs the country more than $147 billion per year. Medi-Weightloss can help. Our proven weight loss system can help you lose weight quickly and safely, without surgery or drugs. And our comprehensive wellness program will help you keep the weight off for good.
Corporate Structure
MEDI-WEIGHTLOSS FRANCHISING USA, LLC is a Florida limited liability company formed on January 24, 2008. Their principal business address is 509 S. Hyde Park Avenue, Tampa, Florida, 33606.

Earnings Transparency

10 /10
This Franchise discloses far more about the financial performance of their franchisees compared to other franchises in the same industry.

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Health & Fitness Industry

$919,045 / unit

Franchise Type: Standard

Average Revenue During 2021

$919,045
$153,501
Industry Low
$2,229,480
Industry High

Franchise Types Available

# Type Investment Fees

Distribution of Medi-Weightloss Franchisees

Medi-Weightloss Franchise System Development in 2021

FAQ

How much investment do I need to start my own Medi-Weightloss business?
Franchisees typically require at least $220 to $422 investment to get their Medi-Weightloss business started
What are the initial franchise fees for Medi-Weightloss?
Franchisees typically need to pay at least $150 in fees directly to Medi-Weightloss in order to earn the right to launch their business
How much money can I make with a Medi-Weightloss franchise? What are the average revenues for a typical Medi-Weightloss business?
We estimate that the average revenue of an individual Medi-Weightloss unit is approximately $919,045. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a Medi-Weightloss unit? What is my contractual commitment?
Medi-Weightloss franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 5 years. You can of course exit early but don’t expect to get any refund!

Accessibility

5 /10
The Franchisor's investment costs ranges from $220,252 to $422,752 which is Much Higher than the $0 to $0 average in the Health & Fitness industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

Franchises in the Same Industry

Popular Franchises

Is this your Franchise?

Update your profile with photos, videos, useful information, and start connecting with prospective franchisees today

CLAIM THIS FRANCHISE