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Below is an in-depth analysis and side-by-side comparison of Hand and Stone Spa vs Michelle Lea Massage including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $567,626 - $674,476 | $63,450 - $107,550 |
Franchise Fee | $32,500 - $42,500 | $35,000 |
Royalty Fee | 5%-6% | 5% |
Advertising Fee | 5% | 2% |
Year Founded | 2004 | - |
Year Franchised | 2004 | - |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal 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 | -/- | -/- |
Start-up Costs | -/Yes | -/- |
Equipment | -/Yes | -/- |
Inventory | -/Yes | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | On-The-Job Training: 85 hours Classroom Training: 54 hours Additional Training: At existing location | - |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform | We provide a franchise support system designed to support all of your business needs. We are committed to providing a superior level of service to our franchisees. With almost 20 years of experience, we have taken the best practices and applied them. More importantly, we have eliminated common mistakes made by most franchise systems. We provide you with a wide variety of resources to help you achieve your goals. This includes, but is not limited to: * Branded Business Plan Template * Site Selection & Real Estate Expertise * In-house Design & Construction Consultation * Comprehensive Operations Manual * New Clinic Opening Plan * Local Marketing Toolkit * PR & National Brand Building Efforts * Vendor Relations & Buying Program * Field Support * Genuine Passion to See You Succeed |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
Operations | Number of Employees Required to Run: 12 - 15 | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | Yes | - |
International Expansion | - | - |
Are you interested in owning your own franchise? The information below will help guide you toward making an informed decision if such a business venture is right for you. Are you are located in either Maryland, Virginia, Delaware, Ohio, Florida, North Carolina, South Carolina, Tennessee or Georgia? Then we would enjoy hearing from you! Email us today at: [email protected] We invite you to join our team while helping the world one massage at a time.