We are at a pivotal point in our country’s health. Americans are realizing, perhaps now more than ever, that their physical health and wellness impact their quality of life and longevity. We want to live better and longer, so we’ve begun taking steps to shed weight, eat healthier, practice self-care, and improve our mental outlook.
For investors, this means the weight loss center franchise market is poised to become a lucrative choice when considering where to invest one’s money.
American State of Health
What has Americans so concerned about their health? For many, going from working at an office to working from home resulted in unwanted weight gain. We had easier access to our kitchens and food delivery was a few touchscreen taps away on our phones. We’re also an indulgent culture that loves our convenient, fast foods and sugary drinks.
It’s taking a toll. According to the CDC, adult obesity prevalence in 2020 was at 41.2% and trending upward from previous years. This cost the medical franchises establishment upwards of $173 billion a year, with obese people averaging $1,861 more than those with healthy weights.
Why does obesity cost more than being healthy? Because obesity is linked to more than 60 chronic illnesses, including type 2 diabetes, heart disease, cancer, stroke, and many, many more.
A few more statistics:
- Obesity is more prevalent in middle age, highest for those between ages 40 through 59.
- All 50 states posted obesity rates more than 20% in 2020.
- In 2000, none of the 50 states had obesity rates greater than 15%.
The Market for Weight Loss Center Franchises
On the flip side, with more obese Americans than ever looking to reverse their condition, feel better physically and mentally, and live longer, the market for health and wellness is booming.
Health and wellness is defined as developing nutritious eating habits while adopting an active lifestyle that prioritizes physical fitness and mental balance.
The United States has the biggest slice of the health and wellness market pie, with a market value of $52.5 billion. China is a distant second, with its health and wellness market value tallying $19.9 billion.
Globally, the fitness sector of the health and wellness market is predicted to reach a staggering $1.1 trillion by 2023.
Given these numbers, a diet center franchise or a weight loss center franchise investment looks promising. The greatest demographic of people needing weight loss services are middle-aged adults who are typically better positioned financially to undertake a comprehensive weight loss program. Perhaps now, more than ever is the best time to open a weight loss clinic.
Why Choose a Medi-Weightloss Weight Loss Center Franchise?
Medi-Weightloss is a Physician Created and Supervised Program
There are a few diet center franchises where physicians supervise the patients, but it may come as a surprise to learn that Medi-Weightloss was the first weight loss center franchise to do so.
Additionally, the program was designed by physicians, registered dieticians, and health professionals. The aim is to help patients control calorie and carbohydrate consumption while increasing protein intake to promote healthy muscle function. This includes assistance with retaking control of surrounding habits and emotions that contribute to poor food choices.
Medi-Weightloss is so much more than a new diet.
Medi-Weightloss Accepts Insurance
Medi-Weightloss accepting insurance means the world to those patients who would struggle to pay on their own.
Most competitive programs with other weight loss center franchises cost hundreds a month. If given a choice between one program that takes insurance and another that doesn’t, the patient is almost always going to choose Medi-Weightloss.
An added benefit of accepting insurance is the legitimacy that brings to the Medi-Weightloss weight loss center franchise. By following the regulations and guidelines required to be eligible to receive insurance payments, Medi-Weightloss must prove our program is clinically effective and legitimate medical treatment for obesity. For our patients, know they’re not signing up for a fad diet.
Medi-Weightloss Programs are Clinically Proven
Because obesity is the gateway to a great many chronic illnesses, research into treating obesity has become a national priority. Many weight loss center franchise owners with Medi-Weightloss are physicians who grew tired of the way most hospital systems attempted to treat obesity.
They found the Medi-Weightloss programs’ multi-faceted approach to be the most effective for treating patients with their own unique body compositions, physical capabilities, and specific ailments. The customizability of the program is one of the reasons it’s successful.
Our weight loss programs are backed by science and clinical research, and we’ve honed them to be the most effective and versatile programs available to patients. We’re not a one-size-fits-all solution that will gain popularity and then falter under further scrutiny. Medi-Weightloss works and we have the data that shows it.
The Medi-Weightloss Franchise Investment
What do you need to become a weight loss center franchise owner of a Medi-Weightloss clinic?
Qualified investors must have a minimum net worth of $750,000 and have access to $450,000 in liquid assets. This ensures that the franchise will receive strategically timed infusions of capital to give it the best possible grand opening and start-up phase. The Medi-Weightloss franchise model is set up to facilitate the greatest chance each location will thrive.
As for ROI, franchise law prohibits predicting revenue, but we can describe the averages of gross revenue among our existing Medi-Weightloss clinics in the US. In 2021, our clinics reported averaging gross revenues of over $900,000. The top 33% of our clinics generated an average of more than $1.515 million in gross revenue.
Medi-Weightloss Support
The franchise model is geared toward helping our franchise owners prosper. We help our weight loss clinic franchise owners get their locations up and running smoothly and quickly. We do this through comprehensive support.
What kind of support is needed to open a weight loss clinic?
Our franchise owners have access to our web-based systems which are some of the best in the industry. This includes full HIPAA compliance, EMR, and prescription labeling, a Practice Management System, and online ordering.
Our franchise owners undergo comprehensive training in our Tampa, Florida corporate facility. Alongside this training, we provide continuing education programs and on-site training, and we conduct compliance visits designed to give franchise owners everything necessary to stay up-to-date on regulations and advancements in the industry.
No business can grow without marketing support. Medi-Weightloss’s franchise development team provides regional and national advertising guidance that includes marketing materials for radio and TV commercials, newspaper ads, promotional posters, newspaper ads, and discounts.
Sometimes, there is no better access to help than the franchise owners who’ve gone before. Owners of long-standing and thriving Medi-Weightloss clinics have built a culture of assistance, including clinic management and sales help. Weight loss center franchise owners are never left on their own to operate their Medi-Weightloss clinic.
If you’re interested in helping change the course of America’s health one patient at a time, contact us today to learn more and become a Medi-Weightloss franchise owner.
Sources:
https://www.cdc.gov/obesity/data/adult.html
https://www.healthline.com/health/obesity-facts#9.-Obesity-is-most-common-in-middle-age.
https://www.cdc.gov/obesity/data/prevalence-maps.html
https://www.cdc.gov/obesity/downloads/obesity_trends_2010.pdf
https://policyadvice.net/insurance/insights/health-wellness-industry/
https://policyadvice.net/insurance/insights/health-wellness-industry/
https://globalwellnessinstitute.org/press-room/statistics-and-facts/