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Below is an in-depth analysis and side-by-side comparison of Inaara MedSpas vs Urbana Wellness 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 | $250,000 - $600,000 | $420,000 - $500,000 |
Franchise Fee | $100,000 | N/A |
Royalty Fee | 5% | - |
Advertising Fee | - | - |
Year Founded | 2002 | 2006 |
Year Franchised | 2003 | 2014 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | Active operators who have strong work ethics, focus on excellent spa services and guest experiences, and love hosting spa parties. Ready to embrace the mission of enriching peoples' lives by creating the kind of wellness spa experiences that demand an encore. Prior business experience, financial qualifications, motivation, team spirit and a track record of personal success. * Collective net worth of at least $500,000, with liquid assets greater than $150,000 (liquidity being defined as cash or any asset that could be converted to cash within ten business days). * Ability to satisfactorily pass background checks for the following: reasonable credit worthiness, no criminal convictions, no history of extensive litigation, and satisfactory motor vehicle report. * Willingness of all investors to personally guarantee any obligations that are required under the license agreement. * Belief that guest experience is of critical importance in spa business. | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | Available at Central Office: 2 weeks. Additional 1 week training on location. |
Support | Newsletter, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations | The Urbana franchise program uses a specialist system by providing expert guidance to each spa's functional lead personnel. Once every week or on a biweekly basis, our specialist will touch base with each spa's counterpart to ensure that each franchise location is tracking critical key metrics and offering best practices that have been tried and tested in resolving issues at hand. |
Marketing | Ad slicks, National media, Regional advertising | - |
Operations |
Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
NO LONGER FRANCHISING