| ||||
Updated RecentlyHand and Stone Spa vs OTA World Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Hand and Stone Spa vs OTA World including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $567,626 - $674,476 | $96,000 - $174,000 |
| Franchise Fee | $32,500 - $42,500 | $15,000 |
| Royalty Fee | 5%-6% | - |
| Advertising Fee | 5% | - |
| Year Founded | 2004 | 2007 |
| Year Franchised | 2004 | 2007 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/Yes | -/- |
| Equipment | -/Yes | -/- |
| Inventory | -/Yes | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
||
| 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 | - |
| 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 |
||
| US Expansion | Yes | Yes |
| Canada Expansion | Yes | - |
| International Expansion | - | - |
Company Overviews
About Hand and Stone Spa
Hand and Stone Massage and Facial Spa was founded in 2004 by
physical therapist John Marco, who noticed that there was no national
massage brand in spite of the service's popularity. Franchising of the
concept began in 2006, offering massage, facial and waxing services,
along with a membership program.
!["Entrepreneur]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png")
#151 in Franchise 500 for 2020.
Veteran Incentives 20% off franchise fee
#151 in Franchise 500 for 2020.
#94 in Franchise 500 for 2021.
About OTA World
!["OTA-WORLD"]("https://www.ota-world.com/uploads/1/0/3/9/103908946/published/ota-logo.png?1553029650"){kind=logo}
Our companies manufacture some of the Best Brand
Named Massage Chairs in the entire world: Osaki®, Titan®, and Apex®. In
addition to carrying those well-known and respected massage chair
brands - OTA World franchisees will carry a unique and exclusive massage
chair line named OTAMICTM massage chairs and accessories.
Your OTA World Massage Chairs Showroom will
be 1,000 to 1,200 square feet. We pack a lot of “Oooh, Ahhh” in that
space, with 15-25 quality Massage Chairs on display for your customers
to try for themselves. Our Massage Chairs virtually sell themselves. You
will offer Massage Chairs at price values to fit every budget, from
Good to Better to Best. And you don’t carry an inventory - we ship factory
direct to your customers - low overhead means more bottom line profit.
You don’t have to sell a lot to make a lot.