Jenny Craig is a fitness company named after its founder Jenny Craig. The company offers unique and effective fitness programs for a healthy lifestyle.
It was founded in Melbourne, Australia in 1983. As the company grew, Jenny’s daughter and some individuals who lost weight through the program took over the promotion. It was expanded in the United States in 1985. The company grew in its success and became a part of Nestle Nutrition in 2006. As of 2010, the company has over six hundred weight loss centers throughout the world. The headquarters is located in Carlsbad, California.
Behind the success of Jenny Craig is the unique philosophy of the program. According to this philosophy, the individuals undergoing the program must make lifestyle changes in order to be successful. They should follow a diet program. The company knows the difficulty of this program for the users that is why they offer counseling and support for them. The program attempts to teach habits that are not merely short term behaviors, but rather long term changes. The company instructs individuals on how to make the correct choices over a lifetime.
The business has been in the market for over 20 years now. They have been helping people and continue to help them live healthier happier longer lives. As one of the leading weight management service companies in the world, Jenny Craig not only offers franchisees strong financial potential but also provides you with an opportunity to make a significant positive impact on the lives of your clients.
To be a franchise is not easy. You must be able to report to the headquarters for 7 days, at the franchisee’s location for another 7 days and another 6 to 10 days at the local or regional training center and finally 8 to 10 days for business consultant follow-up.
When considering whether to open a Jenny Craig franchise, one must be aware of the specific franchise requirements. At present, Jenny Craig says it is “not exploring any new franchise opportunities” – but this does not mean new franchise chances won’t open up in the future. Planning now may pay off big down the road.
According to Entrepreneur magazine, the total investment for Jenny Craig franchise owners in 2009 was between $169,600 and $440,500. The franchise fee was approximate $25,000. The net worth requirement was approximate $300,000, with a cash liquidity of $150,000. In addition, Jenny Craig franchise owners will sign a 10-year renewable term of the agreement with Jenny Craig. The royalty fee is approximately 7 percent.
Because of the financial commitment required to start a franchise, financing can be extremely important for anyone who wishes to open a Jenny Craig franchise. While Jenny Craig does not offer in-house financing options, third-party financing alternatives may be available to help with start-up costs, franchise fees and more. In addition, potential Jenny Craig franchisees might want to look into some of the many guaranteed loan programs and opportunities offered by the Small Business Administration.
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