10 Weight Loss Franchise Opportunities – Small Business Trends
Nearly 40% of adults in the United States are now considered obese and need to lose weight. However, there’s hope on the horizon in the form of weight loss franchises.
These businesses are fighting obesity head-on and helping people to finally take control of their weight and improve their health. In this article, we’ll take a look at 10 of the best franchises in weight loss available today.
What is a Weight Loss Franchise?
A weight loss franchise provides a proven business model for those who want to start their own business. With a proven track record and experienced staff, a franchise can offer you the support and guidance you need to be successful.
- READ MORE: See our Franchise Guide
The Weight Loss Industry in 2022
The weight loss and fitness industry are booming again after a sharp, historic decline in 2020 due to the COVID-19 pandemic. People are always looking for new and better ways to lose weight, and with obesity rates on the rise, the demand for such services is higher than ever. And with a franchise business model, you can tap into that demand.
Why You Should Consider a Weight Loss Franchise Opportunity
Revolutionizing health and wellness is a daunting task, but something that’s needed during these times of record obesity. Here are five reasons you should start a weight loss franchise in 2022:
If you’re looking to provide clinically proven weight loss solutions to help people improve their health, here are 10 of the best franchises in weight loss available today:
1. Medi Weightloss
Medi Weightloss works with medical professionals to provide a comprehensive weight loss solution. Medi Weightloss has a Better Business Bureau rating of A.
To open a Medi Weightloss franchise, you’ll need liquid assets of $450,000+ and a net worth of $750,000. The total investment for a Medi Weightloss franchise is $220,252 – $422,752, with a franchise fee of $75,000.
2. Dr. Quinn Weight Loss Program
The weight loss franchise started franchising back in 2014. The investment cost ranges from $125,000 to $175,000. The franchise fee is $35,000 and the royalty fee is 6%.
3. Diet Center
Diet Center is a weight loss company with an initial franchise fee of $26,000. The approximate total investment range for a new location is $92,945 to $123,159.
However, available additional options could make the initial investment higher by as much as $53,995.
4. Form You 3 Weight Loss Centers
Form You 3 Weight Loss Centers is a franchise opportunity that is part of the Health Management Group. The investment required to get started ranges from $33,000 to $43,000. The franchise fee is $15,000.
5. Weight Watchers
Weight Watchers has a franchise fee of $29,000 and an initial investment of about $130,000. Royalties are 5% and the national ad fee is 1%.
Here are more financially rewarding program opportunities for you:
6. BeBalanced Hormone Weight Loss Centers
The BeBalanced Hormone Weight Loss Centers franchise requires applicants have a net worth of $350,000+, with $75,000 in liquid assets. The investment for a franchise is $155,650 – $208,450.
7. Physicians WEIGHT LOSS Centers®
Physicians WEIGHT LOSS Centers® is a weight loss franchise that was founded in 1979. The franchise fee is $26,000 and the total estimated costs to open a center are $95,643 to $158,857.
8. Profile by Sanford
To open your own Profile by Sanford franchise, you’ll need a total investment of $445,000 to $699,500. This includes the initial franchise fee of $49,500, with a veteran discount of $5,000 off the franchise fee. Royalty fees are 5% of sales.
9. Diet Center
Opening a Diet Center franchise requires a liquid capital of $150,000 and a net worth of $100,000. The initial investment is between $104,000 and $183,000, and the franchise fee is $26,000.
The Camp Transformation Center is a fitness franchise that requires a total investment of $238,000 to $336,000. The franchise fee is $40,000, and the minimum liquid capital requirement is $100,000.
How to Choose the Best Franchise to Set Up Your Weight Loss Business
Here are four tips to help you choose the best weight loss franchise:
Consider the costs.
Be sure to consider the initial investment and the ongoing costs. Some franchises have high initial investment costs, while others have low ongoing costs.
There’s no right or wrong answer here – it all depends on your budget and your needs.
Research the company.
Before you invest in any franchise, be sure to do your research on the company. Look into their history, their success rates, and any complaints that have been filed against them.
Once you’ve narrowed down your options, reach out to the franchisor and talk to them about your goals and concerns. They should be able to answer any questions you have and give you a better idea of what it’s like to work with their company.
Get started today.
There’s no time like the present to start your franchise. With the help of a proven system and experienced franchisor, you can be successful in this growing industry.
How Much Does It Cost to Open a Weight Loss Franchise?
The answer to this will vary depending on the franchise you choose. Some franchises have high initial investment costs, while others have low ongoing costs.
Your costs can range from the mid-five-figures to well over $500,000. So it’s important to do your research before you decide on a franchise.
Are Weight Loss Franchises Profitable?
Yes! Weight loss franchises are incredibly profitable. The profitability will vary though depending on the franchise you go with, the costs of that franchise, how it’s marketed, and other factors.
Using a franchise model, you can tap into an already established customer base and be successful in this industry.
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