Medifast vs CycleBar Franchise Comparison

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

Start-Up Costs and Fees
 
Medifast Franchise
CycleBar Franchise
Investment $148,000 - $269,000$402,650 - $498,700
Franchise Fee $0 - $35,000$60,000
Royalty Fee -7%
Advertising Fee -2%
Year Founded 19802014
Year Franchised 20072015
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Medifast Franchise
CycleBar Franchise
Experience --

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

Training & Support
 
Medifast Franchise
CycleBar 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: 5 days Classroom Training: 14 days
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

Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations
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
Operations -Number of Employees Required to Run: 15

Expansion Plans
 
Medifast Franchise
CycleBar 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 CycleBar

CycleBar is the largest network of Premium Indoor Cycling studios, with more than 180 locations slated to open throughout 2018. The concept of indoor cycling has built incredible momentum over the last 30 years. Offering concierge-level service and premium amenities, CycleBar has capitalized on this momentum and is experiencing exceptional success in a proven industry.
CycleBar’s turnkey franchise model provides a completely scalable business that lets you determine your own success. Leverage significant development costs and national vendor relationships to launch your studio successfully!

Veteran Incentives  $1,500 off franchise fee

"Entrepreneur
#479 in Franchise 500 for 2020.
#351 in Franchise 500 for 2021
.