Lite For Life vs Mayweather Boxing + Fitness Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Lite For Life vs Mayweather Boxing + Fitness including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Lite For Life Franchise
Mayweather Boxing + Fitness Franchise
Investment $55,500 - $122,700$39,500 - $698,000
Franchise Fee $20,000$39,500
Royalty Fee 5%-
Advertising Fee --
Year Founded 19782018
Year Franchised 20032018
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $1K-


Business Experience Requirements
 
Lite For Life Franchise
Mayweather Boxing + Fitness Franchise
Experience --

Financing Options
 
Lite For Life Franchise
Mayweather Boxing + Fitness Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/-
Start-up Costs No/No-/-
Equipment No/No-/-
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support
 
Lite For Life Franchise
Mayweather Boxing + Fitness Franchise
Training --
Support Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives-
Marketing Co-op advertising, Ad slicks, Regional advertising-
Operations 0% of all franchisees own more than one unit

Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

-

Expansion Plans
 
Lite For Life Franchise
Mayweather Boxing + Fitness Franchise
US Expansion YesYes
Canada Expansion No-
International Expansion No-

Company Overviews

About Lite For Life

Lite for Life is a weight loss company that is different from all the others. The difference is right in our name: Lite for Life.

Our program has been designed for long lasting results. Because at the end of the day, the challenge is not just to lose weight, but to keep it off so you will feel better and enjoy your life more.

Our company began with one woman with a powerful sweet tooth and a weight problem to match. She tried every program and every product but nothing gave her the results she was seeking.

 

Lite for Life is a weight loss company that is different from all the others. The difference is right in our name: Lite for Life.

Our program has been designed for long lasting results. Because at the end of the day, the challenge is not just to lose weight, but to keep it off so you will feel better and enjoy your life more.

Our company began with one woman with a powerful sweet tooth and a weight problem to match. She tried every program and every product but nothing gave her the results she was seeking.

Her name is Maureen Sullivan, the founder of Lite for Life. Her frustration with the available methods of losing weight lead her to the work of a pioneering physician named Seale Harris. Dr. Harris performed studies on blood sugar and he concluded that the key to long-term weight loss was learning to eat in a way that stabilized blood sugar. Dr. Harris found that if blood sugar levels were kept in a stable range, that cravings disappeared and that it was actually easy to reach and maintain an optimal weight.

After studying the work of Dr. Harris, all the pieces came together and Maureen Sullivan knew what she had to do. She created a weight loss company based on the work of Seale Harris. That company is Lite for Life.

The company currently distributes its programs and products from 14 locations; we are expanding nationwide from our Northern California base. The Lite for Life program recognizes that nothing builds motivation for success better than personal support and counseling. Our centers are conveniently located so you can visit your counselor as much as you need to get the results you want.

At Lite for Life, we customize our program to meet your needs. There is nothing extreme or faddish about our diet. There are no expensive contractual agreements to buy packaged food. Instead we teach you to eat fresh, delicious, nutritious food, lose weight, keep it off, and feel healthier and more energetic..


About Mayweather Boxing + Fitness

"Mayweather

Invest in your future with Team Mayweather. Join our fast-growing and financially attractive franchise platform. Developed throughout two decades of Floyd’s career, we have become the most exciting brand in fitness today. Our franchisees are supported by an industry-leading team who have built multiple successful fitness franchise brands.

The Initial Franchise Fee is $15,000 to convert an existing fitness-related business into a Mayweather Boxing + Fitness™ business (“Conversion Model”) or $39,500 for a new startup business (“Standard Model”) with protected rights to operate in a specific area as defined by the franchisor. Additional franchises may be available for those franchisees who have bought at least one franchise, at a reduced fee of $29,500 per Franchise.
The total investment necessary to begin the operation of a Mayweather Boxing + Fitness™ franchise ranges from $116,000 to $405,000 for a Conversion Model and from $282,000 to $698,000 for a Standard Model which will depend on a number of factors which are further discussed in Item 7 of the FDD. Regardless of the model, this includes $42,485 to $48,825 that must be paid to Franchisor or an affiliate. This includes the Initial Franchise Fee of $15,000 for a Conversion Model or $39,500 for a Standard Model (as discussed in Item 5) that must be paid to the Franchisor or affiliate.
The franchisor also may grant multi-unit development right to qualified franchisees, who then will have the right to develop a number of Mayweather Boxing + Fitness™ businesses under a Development Rider. The Initial Franchisee Fee for the first franchise purchased is $39,500 with the same initial investment for the Standard Model as described above, plus a non-refundable Development Fee which is a deposit of $14,500 for each additional Mayweather Boxing + Fitness™ business to be developed. The Development Fee is applied to the reduced franchise fee of $29,500 for each additional Franchise to be developed.