When it comes to franchising, most businesses (including Medi-Weightloss®) offer two franchising options: single-unit and multi-unit ownership. Each one comes with a unique set of advantages and is a viable option for all potential and existing franchisees. If you’re looking to join the Medi-Weightloss® family, it’s always best to know all of your options.
What is Single-Unit Ownership?
Like its name implies, single-unit owners operate just one Medi-Weightloss® location. This is typically the best option for people who are completely new to franchising and first-time Medi-Weightloss® franchisees because it’s the perfect amount of responsibility. Once franchisees are comfortable with the location they run and feel like they have a good understanding of our business model, many decide to move onto multi-unit ownership.
The Benefits of Single-Unit Ownership
It’s less expensive to acquire a single location versus multiple locations at once.
All of your efforts are concentrated on one location; you can be more invested in every decision made.
What is Multi-Unit Ownership?
Multi-unit franchisees own multiple Medi-Weightloss® locations, either in the same territory or across the country. While owning multiple locations does require a larger time commitment from franchisees, it also means greater revenue potential — something every franchisee loves to hear!
The Benefits of Multi-Unit Ownership
The ability to quickly increase your revenue stream.
Because you’ll now be ordering equipment for multiple locations, you can buy in bulk. This will lower your per location expenses.
If you operate several locations within the same territory, you’ll likely have an advantage over smaller competitors in the area and be able to dominate the market.
Ultimately, there’s no simple answer for deciding “which is best.” It’s important for each existing and potential franchisee to consider their availability, finances, and experience and make a decision that best suits them.
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