|
Below is an in-depth analysis and side-by-side comparison of Profile by Sanford vs Pritikin including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $388,500 - $634,500 | $26,069 - $70,713 |
Franchise Fee | $49,500 | N/A |
Royalty Fee | 5% | 17.5% |
Advertising Fee | 2% | - |
Year Founded | 2012 | 2013 |
Year Franchised | 2014 | 2013 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/Yes | -/- |
Start-up Costs | -/Yes | -/- |
Equipment | -/Yes | -/- |
Inventory | -/Yes | -/- |
Receivables | -/Yes | -/- |
Payroll | -/Yes | -/- |
Training & Support |
||
Training | On-The-Job Training: 228 hours Classroom Training: 32 hours Additional Training: 15 hours annually | - |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
Operations | Number of Employees Required to Run: 5 | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | Yes | - |
International Expansion | - | - |
Profile by Sanford is a comprehensive weight loss and weight management program designed by the physicians and experts at Sanford Health. The program utilizes a certified health coach and offers integrated technology and meal replacement products to provide members with a solution for nutrition, activity, and lifestyle changes.
Be part of the $20+ billion weight loss industry, helping nearly 70% of Americans who are overweight.
* Align with an evidence-based program designed by physicians and scientists with proven results
* Be backed by Sanford Health, the largest rural non-profit health system in the nation
*Join an organization that's focused on preventative medicine and bettering the lives of its members.
*Real estate site selection consultation.
*Ongoing operations and management support
*Staff training and certification program.
*Assistance and access to promotions and marketing campaigns.