|
Below is an in-depth analysis and side-by-side comparison of Spa Ladi-Da vs iCRYO including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $171,000 - $232,000 | $285,400 - $597,800 |
Franchise Fee | N/A | $39,000 |
Royalty Fee | - | 5.5% |
Advertising Fee | - | 1% |
Year Founded | 2006 | 2015 |
Year Franchised | 2007 | 2017 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/Yes |
Start-up Costs | -/- | -/Yes |
Equipment | -/- | -/Yes |
Inventory | -/- | -/Yes |
Receivables | -/- | -/Yes |
Payroll | -/- | -/Yes |
Training & Support |
||
Training | - | On-The-Job Training: 36 hours Classroom Training: 22 hours iCRYO Cryotherapy has an exclusive cryotherapy training program that will prepare you for your new business. This includes corporate, in-center, and on-going training support. We make sure that you are an elite cryotherapy specialist in the industry. |
Support | - | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | - | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
Operations | - | - |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | Yes |
Billed as “a pampering retreat for girls,” Spa’ Ladi-da! is a spa
designed for girls ages 7 to 14, so naturally hot pink, lime green and
other bright colors adorn the walls of this tween-focused store. Young
clients can be found dancing to hip-hop, top 40, inspirational and other
age-appropriate music videos that play nonstop. After getting their
makeovers or manicures, the girls can relax on oversized beanbags, sip
tasty drinks and munch on healthy foods.
Spa’ Ladi-da! is the brainchild of Detra Jones, a Charlotte,
NC-area mother of two girls, who came up with the idea more than a year
before the store’s grand opening last October. “My daughters were 10 and
12 at the time,” she says. “When I went to get my nails done, sometimes
they came with me. But I realized there wasn’t a place designed for
them.” She thought that there ought to be such a place.
Jones shared her idea with her husband, Victor, who immediately
knew his wife had hit on something. “For me, it was a no-brainer,” says
Victor. “I knew it was something that my girls would love,” he says.