Question 1

How much does it cost to open a My Favorite Doctor franchise?

Accepted Answer

The total initial investment for a My Favorite Doctor franchise ranges from $106K to $210K, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the My Favorite Doctor franchise fee?

Accepted Answer

The initial franchise fee for My Favorite Doctor is $30K.

Question 3

What are the net worth requirements for a My Favorite Doctor franchise?

Accepted Answer

Net worth requirements for My Favorite Doctor are specified in the Franchise Disclosure Document.

Question 4

Does My Favorite Doctor require a personal guarantee?

Accepted Answer

Yes, My Favorite Doctor requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a My Favorite Doctor franchise?

Accepted Answer

Equipment costs for a My Favorite Doctor franchise range from $25K to $50K. Initial inventory costs range from $1K to $3K.