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Below is an in-depth analysis and side-by-side comparison of LA Weight Loss Centers 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 | $67,200 - $120,400 | $75,000 - $375,000 |
Franchise Fee | $20,000 | $15,000 |
Royalty Fee | 7% | $395/mo. |
Advertising Fee | - | - |
Year Founded | 1989 | 2000 |
Year Franchised | 1998 | 2004 |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 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 | Yes/No | No/No |
Start-up Costs | No/Yes | No/No |
Equipment | No/Yes | No/No |
Inventory | No/Yes | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | - | - |
Support | Meetings, Toll-free phone line, Grand opening, Field operations/evaluations | Meetings, Toll-free phone line, Internet, Field operations/evaluations |
Marketing | Ad slicks, National media, Regional advertising | Ad slicks |
Operations | - |
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 | Yes |
Canada Expansion | No | No |
International Expansion | Yes | Yes |
NO LONGER FRANCHISING