Sept. 25, 2024
Lindora Clinics, a regional medical weight loss chain based in California, has recently begun franchising. As such, it has filed a 2024 FDD (Franchise Disclosure Document) that describes the franchise, its investment costs, etc. Lindora is a long-established company in the weight loss market, with a variety of weight loss programs, both in-person and virtual (phone), at various price points.
DietBusinessWatch (a Marketdata LLC website) has obtained that 2024 FDD, and finds the following:
- The total investment to purchase a Lindora Clinic is $347,350 to $566,750.
- The royalty rate on gross sales is 7%, plus a 2% brand development fund (marketing, advertising)
As for financial information, as a franchisor, the firm has only been operating franchises since March of 2023. Therefore, yearly revenues are not yet available. However, MONTHLY revenues are. The total 10-month revenues of Lindora franchises (median per clinic) were $783,909. Extrapolating this to a full year, the median franchised clinic will gross $940,691. This is significantly higher than the $543,000 industry average for 8 medical weight loss chains.
Lindora clinics are more highly diversified than other medical weight loss clinics/centers. They offer medical and non-medical programs, IV hydration, GLP-1 medications, supplements, hormone replacement therapy, and Zerona laser fat loss treatments. Rather than being just a weight loss clinic, these facilities are more like “wellness” centers. This is the reason why their average gross revenues are higher.
Following is the percentage of the firm’s clinics offering specific services:
- 64% of clinics offer GLP-1 drugs and hormone replacement therapy
- 32% of clinics offer IV hydration
- 71% of clinics sell supplements
- 48% of clinics offer Zerona fat loss treatments.
No information is available regarding profitability (no P&L statement included in the FDD).
Lindora is, no doubt, via franchising, aiming to catch up with competitors such as Medi-WeightLoss Centers, which has 107 franchises.
Learn More About All Major Diet Market Competitors, Trends, Forecasts
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