| ||||
Updated RecentlyBeverly Hills Weight Loss and Wellness vs Spenga Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Beverly Hills Weight Loss and Wellness vs Spenga including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $64,000 - $96,000 | $304,082 - $705,027 |
| Franchise Fee | $25,000 | $49,500 |
| Royalty Fee | 6% | - |
| Advertising Fee | - | - |
| Year Founded | 1988 | 2015 |
| Year Franchised | 1989 | 2015 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | Yes/No | -/- |
| Receivables | No/Yes | -/- |
| Payroll | No/Yes | -/- |
Training & Support |
||
| Training | Ongoing training | - |
| Support | Newsletter, Toll-free phone line, Grand opening, Internet, Field operations/evaluations | - |
| Marketing | Co-op advertising, Ad slicks | - |
| 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 |
||
| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About Beverly Hills Weight Loss and Wellness
LA Weight Loss was once a store-front weight-loss plan, but is now available only online after the company went out of business in 2008
Founded in 1988, Heathrow, Florida Beverly Hills Weight Loss and Wellness provides clients with personalized weight loss programs. The company's programs include medical analysis, nutritional supplements, therapy and education.
About Spenga
!["Spenga]("https://fddexchange.com/wp-content/uploads/2021/01/Spenga-300x68.png")
Spenga's goal is to open 135 franchise locations across the U.S. in three years. The company already has contracted with franchisees for 45
in the U.S., including five locations to open in north Denver and the
Boulder area. More
than 54 million Americans are working out at boutique fitness studios,
which makes it the fastest growing sector of the fitness industry, Many of these active individuals are
getting multiple memberships at multiple facilities to get a
well-rounded workout. Our goal is to give members their fittest selves
without having to go to three different locations.
Spenga offers a 60-minute fitness session that combines spinning, high intensity interval strength training and yoga.
#253 in Franchise 500 for 2021. Not in Franchise 500 for 2020.