Medifast vs Workout Anytime 24/7 Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Medifast vs Workout Anytime 24/7 including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Medifast Franchise
Workout Anytime 24/7 Franchise
Investment $148,000 - $269,000$562,850 - $1,008,550
Franchise Fee $0 - $35,000$35,000
Royalty Fee -4%+
Advertising Fee -1%
Year Founded 19801999
Year Franchised 20072005
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Medifast Franchise
Workout Anytime 24/7 Franchise
Experience --

Financing Options
 
Medifast Franchise
Workout Anytime 24/7 Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/-Yes/-
Start-up Costs -/-Yes/-
Equipment -/--/Yes
Inventory -/--/Yes
Receivables -/--/-
Payroll -/--/Yes

Training & Support
 
Medifast Franchise
Workout Anytime 24/7 Franchise
Training

Comprehensive Training Programs: Program and product training Operational training Weight-loss consultation and member management training Sales training Continuing education programs

On-The-Job Training: 30 hours Classroom Training: 40 hours
Support

Real Estate, Construction and Business Development: Comprehensive Real Estate & Construction Manual Comprehensive Business Start-Up Manual Demographics research and site selection assistance Dedicated center start-up specialists General Operations Support: Program and product support teams Grand opening support Product ordering support Member management

Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing

Corporate branding � corporate website, national TV, and national print Public relations support Best practices support in advertising and marketing, including print, radio, television, and local campaigns Lead management system Interactive content managed website for your local business Local search engine optimization and search engine management Social media resources and applications

Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing
Operations --

Expansion Plans
 
Medifast Franchise
Workout Anytime 24/7 Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -Yes

Company Overviews

About Medifast

The need for quality healthcare continues to expand even during tough economies. This is a Ground floor business opportunity with a NYSE listed public company (MED:NYSE). With more than 30 years of experience we offer a proven and profitable business system to help people significantly improve their health. Clinically proven weight loss, guaranteed results, clinically proven safe and effective. We are seeking experienced business operators who are passionate about helping others. Inquire about territorial development opportunities. Seeking Area Developer Opportunities. Seeking Master Licensees.

About Workout Anytime 24/7

Franchising with Workout Anytime is a great option for those who are looking to have more control over their own destiny by running their own business. One of the perks of franchising with an established brand like Workout Anytime is that once your location is up and running, you’ll be able to enjoy greater flexibility with your time. We want our franchise-partners to enjoy financial and lifestyle independence by being able to delegate day-to-day tasks to their trusted employees, leaving them free to decide for themselves when they’d like to come in to work.

The total investment necessary to begin operation of a Workout Anytime franchised business is from $562,850 to $1,008,550. This includes
$159,398 to $273,004 that must be paid to the franchisor or affiliate.
The total investment necessary under the Development Agreement is from $1,643,550 to $2,980,650. This includes total initial franchise fees of $60,000 that must be paid to the franchisor or its affiliates.
Veteran Incentives  22% off franchise fee

"Entrepreneur
#351 in Franchise 500 for 2020.