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Below is an in-depth analysis and side-by-side comparison of Nature's Soap Dish vs The Woodhouse Day Spa including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $80,000 | $808,250 - $985,000 |
Franchise Fee | $25,000 | $48,000 |
Royalty Fee | 3% | 6% |
Advertising Fee | - | 0.25% |
Year Founded | 2000 | 2001 |
Year Franchised | 2002 | 2003 |
Term Of Agreement | 2 years | 10 years |
Term Of Agreement | 2 years | 10 years |
Renewal Fee | $1K | 50% of then-current fee |
Business Experience Requirements |
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Experience | ||
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/No |
Start-up Costs | No/No | No/No |
Equipment | No/No | No/No |
Inventory | No/No | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Co-op advertising, Ad slicks |
Operations |
Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
18% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | No |
International Expansion | Yes | No |
Nature's Soap Dish is on the pages of http://www.franchisefailure.com/natures-soap-dish-franchise-failure/