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Below is an in-depth analysis and side-by-side comparison of Beverly Hills Weight Loss and Wellness vs LA Weight Loss Centers including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $64,000 - $96,000 | $67,200 - $120,400 |
Franchise Fee | $25,000 | $20,000 |
Royalty Fee | 6% | 7% |
Advertising Fee | - | - |
Year Founded | 1988 | 1989 |
Year Franchised | 1989 | 1998 |
Term Of Agreement | 5 years | 10 years |
Term Of Agreement | 5 years | 10 years |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | Yes/No |
Start-up Costs | No/Yes | No/Yes |
Equipment | No/Yes | No/Yes |
Inventory | Yes/No | No/Yes |
Receivables | No/Yes | No/No |
Payroll | No/Yes | No/No |
Training & Support |
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Training | Ongoing training | - |
Support | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | Meetings, Toll-free phone line, Grand opening, Field operations/evaluations |
Marketing | Co-op advertising, Ad slicks | Ad slicks, National media, Regional advertising |
Operations |
14% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | No |
International Expansion | Yes | Yes |