Sept. 19, 2024
Lindora Clinics, a long-time competitor in the medical weight loss market, has begun selling franchises. The firm has 31 sites, focused on the California market, but plans to expand nationally via franchising.
Lindora franchisees’ gross revenue can vary, but the data provided in the brand’s 2024 FDD offers insight into potential earnings, including:
- Average Gross Revenue of Qualified Clinics (for the period from March 2023 to February 2024): Ranged from $71,268 to $93,056 per month. $855,000 – $1.11 million per year).
- Median Gross Revenue of Qualified Clinics (for the same period): Ranged from $69,960 to $88,366 per month.
- Range of Gross Revenue of Qualified Clinics: The lowest monthly revenue recorded was $28,799, while the highest was $148,933.
- Percentage of Qualified Clinics Meeting or Exceeding the Average Gross Revenue: Between 36.4% to 45.5% of the qualified clinics met or exceeded the average gross revenue each month.
The total estimated initial investment required to open a Lindora franchise ranges from $272,350 to $491,750, with an Initial Franchise Fee of $60,000.
In Dec. 2023, Xponential Fitness, Inc. (NYSE: XPOF), the largest global franchisor of health and wellness brands, announced that it had agreed to acquire Lindora, a leading metabolic health brand. Under the terms of the transaction, the 31 existing Lindora clinics became Xponential franchise locations. Xponential acquired all of the intellectual property of Lindora and plans to franchise the brand nationally and globally.
According to Anthony Geisler, CEO of Xponential. “We have long admired Lindora’s integrated approach to metabolic health, effectively combining behavioral approaches with the most recent medical breakthroughs, from weight loss medications to hormone replacement therapy and IV hydration. Lindora complements our existing brands and will help us deliver on consumers’ increasing demand for a holistic approach to health.”
Xponential’s portfolio of brands includes Club Pilates, the largest Pilates brand in the United States; CycleBar, the largest indoor cycling brand in the United States; StretchLab, the largest assisted stretching brand in the United States offering one-on-one and group stretching services; Row House, the largest franchised indoor rowing brand in the United States; AKT, a dance-based cardio workout combining toning, interval and circuit training; YogaSix, the largest yoga brand in the United States; Pure Barre, a total body workout that uses the ballet barre to perform small isometric movements, and the largest Barre brand in the United States; STRIDE Fitness, a treadmill-based cardio and strength training concept; Rumble, a boxing-inspired full-body workout; and BFT, a functional training and strength-based program.
DietBusinessWatch/Marketdata Commentary
This is a franchise to watch, in terms of growth. Lindora has an excellent reputation as a trusted medical weight loss program, that offers a variety of in-person and virtual programs at different price points. The affiliation with Xponential should help the company to gain market exposure and help it to expand nationally, beyond its tradition California base.