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Below is an in-depth analysis and side-by-side comparison of Inaara MedSpas vs Grand Royal 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 | $32,900 - $50,000 |
Franchise Fee | $100,000 | N/A |
Royalty Fee | 5% | - |
Advertising Fee | - | - |
Year Founded | 2002 | 2004 |
Year Franchised | 2003 | 2004 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | � Letter of intent stating: - work and business background of franchisee - specified location for the intended Grand Royal Spa branch � Minimum of 120 sq meters space requirement � Approximately capital investment of PhP1.5 million � Franchisee must be willing to undergo seminar and training � Franchisee must have a keen business sense and strong business responsibility |
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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 | - | - |
Support | Newsletter, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations | - |
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
* Now Grand Royal Spa boasts of five franchise branches all over Luzon and Visayas.
* Grand Royal Spa has come to established a name synonymous with quality service and relaxing ambience Therefore, a Grand Royal Spa franchise is a wise investment with the assurance of a wide market so you can be sure to recoup your investment in a short period of time.
Inclusions in the franchise:
* Right to name
* Propriety Marks
* Systems and Operations Flow
* Marketing Strategies and Assistance
* On Going System and Personnel Support
* Architectural Plans
* Interior Design
* Hiring/Screening of Therapists
* Marketing/Advertising Materials
* Trainings of Franchisee and Therapists
Be part of the Grand Royal Spa Family
* Enjoy the benefits of a profitable health and wellness spa company
* We offer excellence in terms of service and customer care
Be a franchisee now