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Below is an in-depth analysis and side-by-side comparison of The Woodhouse Day Spa vs Solana MedSpas including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $808,250 - $985,000 | $400,000 - $780,000 |
Franchise Fee | $48,000 | N/A |
Royalty Fee | 6% | - |
Advertising Fee | 0.25% | - |
Year Founded | 2001 | - |
Year Franchised | 2003 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | 50% of then-current 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 | 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, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks | - |
Operations |
18% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
The foremost provider of consulting and development services for the MedSpa and Medical Aesthetic industry, throughout North America. In SolanaTM, you've found a real partner for your journey; a team of highly specialized and experienced professionals united, guided and driven by a sole focus; to see you succeed in the explosive Medical Aesthetics or MedSpa arena. SolanaTM has been a part of the explosive Medical Aesthetics industry from the beginning. Our President and Co Founder, John Buckingham, led the way as a true MedSpa industry pioneer. In addition to his stature as a celebrated and renowned speaker on the business of Medical Aesthetics, Mr. Buckingham is a Harvard MBA and a founding board member of The International Med Spa Association (IMSA).