MetroNaps vs Thriveworks Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of MetroNaps vs Thriveworks including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
MetroNaps Franchise
Thriveworks Franchise
Investment $55,000 - $160,000$16,700 - $79,282
Franchise Fee $25,000$10,000 - $20,000
Royalty Fee 5%3%
Advertising Fee -1%
Year Founded 20032008
Year Franchised 20052013
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee --


Business Experience Requirements
 
MetroNaps Franchise
Thriveworks Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    MetroNaps Franchise
    Thriveworks Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/No-/-
    Equipment No/Yes-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    MetroNaps Franchise
    Thriveworks Franchise
    Training -On-The-Job Training: 1-2 days Classroom Training: 3 days Additional Training: At company-owned center
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, InternetPurchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations
    Marketing Ad slicks-
    Operations

    Number of employees needed to run franchised unit: 1 - 1

    Absentee ownership of franchise is allowed.

    		-

    Expansion Plans
     
    MetroNaps Franchise
    Thriveworks Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About MetroNaps

    Looking for a company to support your regular afternoon snooze session? MetroNaps takes napping to the franchise world with its space-age-looking napping pods. The company promotes the benefits of sleep on workplace productivity, and it's expanding to spas, health clubs, airports and corporate offices. Who doesn't need a little peace and tranquility these days?

    About Thriveworks

    A Thriveworks franchise is a unique turn-key counseling business opportunity unlike anything else in the field. Thriveworks is the country’s fastest growing brand of counseling centers and offers well-qualified franchisees a therapy practice with:

    A Thriveworks practice could be the right investment for your career and future.  Are you ready?

    The Initial Franchise Fee is $10,000 to convert an existing practice into a Thriveworks center (“Conversion Model”) or $20,000 for a new startup center (“Standard Model”) with exclusive rights to operate in a specific area as defined by the franchisor. Additional franchises will be available for a reduced fee of $5,000 per Franchise.
    The total investment necessary to begin operation of a Thriveworks Franchise ranges from $16,700 to $31,800 for a Conversion Model and from $36,100 to $79,282 for a Standard Model which will depend on a number of factors that are fully discussed in Item 7. This includes the Initial Franchise Fee of $10,000 for a Conversion Model or $20,000 for a Standard Model (as discussed in Item 5) that must be paid to Thriveworks Franchising LLC or an affiliate.