Lotusea Franchise
Thursday, May 13, 2010 at 02:21AM Corporate wellness services
Sandra Parks Breeding quit her job as a hospital administrator to found Lotusea Wellness Group in 1990. The company decreases the cost of health care for groups and corporations that offer health-care benefits to employees by educating them about care options and offering lab testing, risk analysis, stress management, consultations and other services.
Start-up Costs & Franchises Fees
What is the total cost to open a Lotusea Franchises?
Total Cost: $56,800-$96,200
Total Franchise Fees: $35,000 USD
Ongoing Royalty Fees: 7-8%
Ongoing Advertising Fees:
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: 20% of franchise fee
Contact Information for Lotusea
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Lotusea Franchising Group Inc. |
Phone Number: (423)915-0852 |
Historical Expansion
In what year did Lotusea begin operations? 1990
When did Lotusea begin selling franchises? 2000
Year United States Canada International Corporate 2003 2 0 0 1 2002 3 0 0 1 2001 2 0 0 1 2000 0 0 0 1 1999 Not Available Not Available Not Available 0
Future Expansion
United States: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee Yes No Initial Start-up Capital No No Plant, Property, and Equipment No No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Support
Meetings, Toll free phone number, Grand opening support, Internet
Marketing
Ad slicks, National media, Regional advertising support
Franchise Operation Restrictions
This franchise can be run as a home based business franchise.0% of all franchise business owners own more than one franchise location.
Number of employees needed to run franchised unit: 2
Absentee ownership of this franchise business is not available to new franchisees. (100% of current franchise business owners are owner/operators)
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes