|
Below is an in-depth analysis and side-by-side comparison of SportClips vs Inaara MedSpas including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $233,800 - $388,300 | $250,000 - $600,000 |
Franchise Fee | $25,000 - $59,500 | $100,000 |
Royalty Fee | 6% | 5% |
Advertising Fee | 5% | - |
Year Founded | 1993 | 2002 |
Year Franchised | 1995 | 2003 |
Term Of Agreement | 5 years | 10 years |
Term Of Agreement | 5 years | 10 years |
Renewal Fee | $3.5K | - |
Business Experience Requirements |
||
Experience | ||
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/No |
Start-up Costs | No/Yes | No/No |
Equipment | No/Yes | No/No |
Inventory | No/Yes | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
||
Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations |
Marketing | Co-op advertising, Ad slicks | Ad slicks, National media, Regional advertising |
Operations |
Franchisees required to buy multiple units/master licenses; 98% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 12
Absentee ownership of franchise is allowed. (32% of current franchisees are owner/operators) |
Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | No |
International Expansion | No | No |
NO LONGER FRANCHISING