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Complete Nutrition Franchise ProfileHealth & Beauty Franchises > Weight Loss Centers |
What Are the Initial Investment Requirements for a Complete Nutrition Franchise?
To open a Complete Nutrition franchise, you need to be prepared for an initial investment ranging from $215,850 to $322,650. This includes a franchise fee of $49,500. Additionally, you should have a net worth between $500,000 and $1,000,000, along with cash available for startup costs. Understanding these financial commitments is crucial for aspiring franchisees to ensure they are adequately prepared for this investment.
What Are the Ongoing Fees Associated with a Complete Nutrition Franchise?
Complete Nutrition franchisees are required to pay a royalty fee of 9% of their gross sales, along with a marketing fee of 5%. These ongoing fees are essential for maintaining brand support and marketing efforts, which can significantly impact your franchise's visibility and success. Being aware of these costs helps you plan your financial strategy effectively.
What Is the Average Revenue Potential for a Complete Nutrition Franchise?
Complete Nutrition franchises have shown promising revenue potential, with an average annual revenue of $501,289 per unit. The median annual revenue is even higher at $656,957, indicating strong performance across the franchise network. Understanding these figures can help potential franchisees assess the financial viability of opening a Complete Nutrition location.
How Quickly Can You Expect to Break Even with a Complete Nutrition Franchise?
Franchisees can expect to break even within approximately 12 months of operation, with an investment payback period of around 18 months. This relatively quick return on investment is an attractive aspect for many entrepreneurs considering entering the health and nutrition market. Having a clear timeline for profitability can help franchisees set realistic goals and expectations for their business.
Complete Nutrition Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
The minimum total assets (minus liabilities) you must possess.
Net Worth Required:
The estimated period to recoup your total investment.
Investment Payback:
The initial fee paid to join the franchise system.
Franchise Fee:
Ongoing percentage of revenue paid to the franchisor.
Royalty Fee:
Regular contribution toward the franchise’s advertising fund.
Marketing Fee:
The estimated timeframe to recover your initial costs.
Breakeven Time:
The total amount required to launch the franchise.
Initial Investment:
The minimum liquid capital you must have on hand.
Cash Required:
The typical yearly revenue generated per franchise location.
Average Revenue:
The middle value of yearly revenue among franchise locations.
Median Revenue:
The largest reported annual revenue among franchisees.
Highest Revenue:
The smallest reported annual revenue among franchisees.
Lowest Revenue:
A broad sector defining similar types of franchise businesses.
Industry:
A more specific division within the broader industry.
Category:
The key individuals guiding the franchise’s strategy and growth.
Leadership:
The official business address of the franchisor’s headquarters.
Corporate Address:
Available financing options to help start the franchise.
Funding Year:
The main organization that owns the franchise brand.
Parent Company:
Complete Nutrition Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes.
Total Units
Franchised Units
Corporate Units
| Units | 2014 | 2015 | 2016 |
|---|---|---|---|
| Total Units | 156 | 152 | 155 |
| Net Change YoY | -4 | 3 | |
| Franchised Units | 151 | 147 | 150 |
| Net Change YoY | -4 | 3 | |
| Corporate Units | 5 | 5 | 5 |
| Net Change YoY | 0 | 0 |
Company Background
Complete Nutrition is a health and wellness franchise focused on providing high-quality nutritional supplements, weight management products, and personalized fitness solutions. Founded in 2004, the brand has grown to over 150 locations, offering a unique blend of retail and coaching services to help customers achieve their health goals. With a commitment to education and community engagement, Complete Nutrition empowers individuals to make informed choices about their nutrition and fitness journeys.
Franchise Opportunity
Investing in a Complete Nutrition franchise offers aspiring entrepreneurs a chance to enter the booming health and wellness sector. With a low initial investment ranging from $215,850 to $322,650 and a proven business model, franchisees benefit from comprehensive training and ongoing support. The franchise's focus on customer relationships and tailored solutions positions owners for success in a market that continues to grow as consumers prioritize health and fitness.
Financial Overview
Complete Nutrition franchises report an average annual revenue of $501,289, with a median revenue of $656,957. This financial performance highlights the potential for profitability within the franchise model. With a breakeven time of just 12 months and an investment payback period of 18 months, franchisees can expect a relatively quick return on their investment, making it an attractive option for both new and experienced investors.
Royalty and Marketing Fees
Franchisees are required to pay a royalty fee of 9% of gross sales and a marketing fee of 5%. These fees contribute to the overall support structure provided by Complete Nutrition, including national marketing campaigns, brand development, and operational assistance. The investment in these fees is designed to enhance franchisee profitability by driving customer traffic and brand recognition.
Operational Insights
Franchisees can expect to manage various operational expenses, with total annual running costs averaging $364,273. Key expenses include payroll ($133,151), rent ($47,370), and advertising ($59,109). Understanding these costs is crucial for effective budgeting and financial planning, ensuring that franchisees maintain profitability while delivering excellent customer service and product offerings.
Growth Potential
Complete Nutrition has demonstrated consistent growth, with 151 franchised units in 2014 and a slight fluctuation in unit numbers over the subsequent years. The brand's commitment to innovation and adaptation to market trends positions it well for future expansion. As health and wellness continue to gain traction among consumers, franchisees can capitalize on this trend by leveraging Complete Nutrition's established reputation and support network to grow their businesses.
Frequently Asked Questions
The initial investment for a Complete Nutrition franchise ranges from $215,850 to $322,650. This includes the franchise fee, equipment, and other startup costs.