Do you want to open a weight loss business by buying Thinique franchise? If YES, here is how much it cost to open Thinique Medical Weight Loss franchise successfully. If you are looking towards opening a Thinique Medical Weight Loss Franchise, it will be nice for you to have a of what the company represents before going ahead to enquire about the total cost of opening the franchise in your location.

Thinique Medical Weight Loss started operations in 2010 and they began franchising in 2013, that is about 7 years ago. Cris Cawley is the founder and CEO and they have their corporate head office at 4500 Mercantile Plaza Dr., #108 Fort Worth, TX 76137 and presently they have an estimated 12 franchise units in operation.

Thinique Medical Weight Loss offers medical weight-loss services and low-testosterone treatment. The clinic is designed to provide a medically sound, affordable and reliable solution to America’s increasingly overweight population. You’ve no doubt heard—this country is facing a serious obesity problem. The number of people in the U.S. who are overweight or obese is higher than ever before in our history—and it’s projected to grow even higher.

Thinique steps into this fast-growing marketplace with a large menu of directly targeted solutions. It’s built around the best non-invasive, non-surgical medical solutions for weight loss that medicine and technology has to offer. Thinique is just what the overweight or obese patient is looking for: no fads, no expensive foods to order, no long term commitments, and the peace of mind that comes with supervision by medical professionals.

When you become part of the Thinique family, you’ll receive strong and continual support right from Day One. From site selection and planning to providing quality patient care, you’ll reap all the benefits of their training, product development, advertising and so much more.

Thinique Medical Weight Loss (Unit) has a franchise fee of up to $49,000, with a total initial investment range of $156,185 to $299,885. Here are areas where you are expected to spend money and the cost associated with it;

Financial Investment Required to Open Thinique Medical Weight Loss Franchise

1. Initial Franchise Fee: $49,000 – $49,000

Please note that the current initial franchise fee is $49,000 – $49,000. The initial franchise fee for Thinique Medical Weight Loss locations that are developed under a Development Agreement after the first location is one-half of the current initial franchise fee. Please note that Veteran Incentives is 10 percent off franchise fee.

2. Total Estimated Initial Investment Under the Franchise Program: $156,185 – $299,885

Please note that the franchisor relied on its experience from opening a Thinique Medical Weight Loss location in the past and its experience in the weight loss business to compile these estimates.

3. Royalties: 7 percent

Please note that “Gross Revenues” include all revenues generated from the provision of any and all services and/ or the sale of any and all products and, whether by the franchisee or a third-party provider, that relate to or arise from the Franchised Business. It does not include taxes collected from customers.

4. POS Hardware and Software: Depends upon vendor and products purchased. (Due Date:  Depends upon vendor and products purchased.)

5. Attorneys’ Fees and Costs: Will vary under circumstances. (Due Date:  As incurred.)

Payable to Thinique Medical Weight Loss if it is forced to retain independent counsel and seek damages or injunctive relief to enforce the Franchise Agreement (whether or not suit is filed) or if Thinique Medical Weight Loss is required to defend your unsuccessful claim against it. Please note that this includes legal fees incurred at the trial level and appellate levels.

6. Equipment, Supply, or Supplier Testing or Inspecting:

Fee not to exceed the actual costs of inspecting and testing. (Due Date:  Due on receipt of invoice.) Please note that This fee covers the cost of testing or inspecting equipment, supplies, or suppliers you propose.

7. Taxes: Amount required to reimburse Thinique Medical Weight Loss for certain taxes imposed on payments to it and the Due Date for this fee On demand.

8. Audit Costs: All costs and expenses associated with the audit, reasonable accounting and legal costs.

9. Costs and Attorneys’ Fees: Will vary under circumstances.

10. Indemnity: Will vary under circumstances.

11. Insurance: Reimbursement of Costs: The franchisor’s out-of-pocket costs.

12. Advertising Fee: If Thinique Medical Weight Loss imposes this fee, you will pay up to 2% of your Gross Sales

Due Date:  If Thinique Medical Weight Loss imposes this fee, it will be due on or before Wednesday of each week for the previous week.

  1. Term of Agreement and Renewal: The length of the initial franchise term is 10 years. Two additional 10 – year renewal terms are available, if requirements are met.
  2. Financial Assistance: Neither the franchisor nor any agent or affiliate offers direct or indirect financing to franchisees or guarantees any note, lease or obligation of theirs.

In Summary,

  • Initial Franchise Fee: $49,000
  • Royalty Fee: 7.0%
  • Cash Required: $150,000
  • Net Worth Required: $500,000
  • Total Investment: $156,185 to $299,885
Joy Nwokoro