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Below is an in-depth analysis and side-by-side comparison of Beverly Hills Weight Loss and Wellness vs Healthy Inspirations 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 | $75,000 - $375,000 |
| Franchise Fee | $25,000 | $15,000 |
| Royalty Fee | 6% | $395/mo. |
| Advertising Fee | - | - |
| Year Founded | 1988 | 2000 |
| Year Franchised | 1989 | 2004 |
| Term Of Agreement | 5 years | 10 years |
| Term Of Agreement | 5 years | 10 years |
| Renewal Fee | - | $2.5K or 20% of franchise 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 | No/No |
| Start-up Costs | No/Yes | No/No |
| Equipment | No/Yes | No/No |
| Inventory | Yes/No | No/No |
| 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, Internet, Field operations/evaluations |
| Marketing | Co-op advertising, Ad slicks | 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) |
International franchisees required to buy multiple units/master licenses; 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 - 4
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 |
NO LONGER FRANCHISING