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Below is an in-depth analysis and side-by-side comparison of Urbana Wellness Spa vs iCRYO including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $420,000 - $500,000 | $285,400 - $597,800 |
Franchise Fee | N/A | $39,000 |
Royalty Fee | - | 5.5% |
Advertising Fee | - | 1% |
Year Founded | 2006 | 2015 |
Year Franchised | 2014 | 2017 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
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 | -/- | -/Yes |
Start-up Costs | -/- | -/Yes |
Equipment | -/- | -/Yes |
Inventory | -/- | -/Yes |
Receivables | -/- | -/Yes |
Payroll | -/- | -/Yes |
Training & Support |
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Training | Available at Central Office: 2 weeks. Additional 1 week training on location. | 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 | 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. | 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 |
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US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | Yes |