What is the business model of Medi-Weightloss Clinics?
The primary business of Medi-Weightloss Clinics is to offer its proprietary, medically-supervised weight loss, nutritional weight management, and wellness products and services. The company began offering franchises for Medi-Weightloss Clinics businesses as of February 1, 2008.
Average Revenues for Patient Based and Cold Start Medi-Weightloss Clinics in 2008, 2009, and 2010
For purposes of this section, a Patient Based Medi-Weightloss Clinics business is a licensed business or a franchised Medi-Weightloss Clinics business where the owner already has an existing medical practice or other business with a recurring patient base (like an OB/GYN).
In contrast, a Cold Start Medi-Weightloss Clinics business is a licensed business or a franchised Medi-Weightloss Clinics business that does not commence with an existing, established, or recurring customer base (like a walk-in clinic).
From 2010 onwards, the Franchisor will make this determination at the time of opening and once made, is not adjusted for purposes of Item 19 of the FDD, regardless of whether the clinic markets to its existing patients.