Unit Option

Single, Multiple

Background

Corporate Owned Units: 10

Projected New Units: 34

Year Established: 2005

First Year Franchised: 2008

Type of Business: Franchise

Hours of Operation: Weekends Required

Number of Employees: Small (1-5)

History:

Medi-Weightloss has been changing lives for over a decade. We are a nationally recognized non-surgical medical weight management franchise founded by Edward Kaloust in 2005, and developed by physicians and other health professionals. Our mission is simple: fight the obesity epidemic in America. We use evidence-based practices supported by clinical research to help individuals lose weight and keep it off. Because of our multifaceted approach and comprehensive plans, patients turn to us when it comes to transforming their lives.

In 2022 Audax Private Equity acquired Medi-Weightloss. Through its disciplined Buy and Build approach, Audax seeks to
help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly
increase equity value.

Availability

Territories: United States

Financials

Liquidity: $150,000

*Investment Range: $257,750 - $490,860

Minimum Net Worth: $250,001, to $500,000

Franchise Fee: $60,000

Royalty: 10%

Royalty Description: Greater of $2,250 per month (“Minimum Royalty”) or 10% of monthly Gross Sales.

Advertising: Local: currently $5,000 per month measured on a rolling six-month basis

National Advertising: Greater of $250 per month, or 1% of monthly Gross Sales.

Passive Ownership: Semi- passive at onset (they can hire a manager to run business)
Passive Ownership means the owner is working 15 hours or less per week in the business.

Passive Ownership Explain: Executive Owner Engagement Expectations -Will be engaged in the opening process joining regular calls up to an hour and diligently working through medical director sourcing, site selection (including site tours), financing, and recruiting. (10+ hours per week) -Will hire, onboard and supervise the training of a qualified operations manager. Provide supervision, accountability, and engage in all regular calls. Position pivots to more management and oversight. (10-20 hours per week) -Will attend Systems Standards Training in Tampa along with their team and will learn the in-clinic operations so they can provide proper oversight. (4 days approximately 2 weeks prior to opening) -Will be present and involved in all hours of their opening week and pre-opening preparation. This is not only essential for them to learn the business, but to set a proper culture up for their team. (1 week) -Will continue to join regular calls with their consultant to assess and grow the business understanding that while the operations manager may conduct the day-to-day, the success of the business will always be dependent on the owner's engagement and involvement. (10-20 hours per week for multi-unit franchisees)

Available Discounts

• Veterans

Discount Description: 10% first unit only

Training, Support and Assistance

Co-Operative Advertising: Available

Site Selection Assistance: Available

Lease Negotiation Assistance: Available

Length of Training: 10 days

Training Description:

• 5-days corporate training for franchisees and their entire staff.
• 4-5 days onsite training with 1-3 corporate support team members prior to opening, plus ongoing virtual training and periodic events.
• Training for medical directors developed and provided by two doctors with 30+ years of combined experience.
• 50+ person corporate team dedicated to franchisee support.
• Seasoned leadership team with high multi-unit experience. Leadership team brings extensive credibility which your candidate will immediately recognize.

Operational and Marketing Tools:

Franchise Training & Support 

Operations:

• Turnkey revenue cycle management (credit card processing, POS, insurance coding, billing, etc.) – franchisees don’t
  handle this.
• Advantage – proprietary, multi-million clinic management operating system for full business management.
• Dedicated regional franchise consultant
• Support with recruiting Medical Director

Marketing:

• Proven lead generation tactics to support new store openings and on-going customer acquisition
• 9 person internal, full-time marketing support to help drive traffic and brand awareness to franchise clinics.

Financing Assistance: Available