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Below is an in-depth analysis and side-by-side comparison of Macy's Vision Express vs Radiance Medspa including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $350,000 - $685,000 | $269,300 - $533,300 |
Franchise Fee | $15,000 | $80,000 |
Royalty Fee | 7% | 4% |
Advertising Fee | - | - |
Year Founded | 1996 | 2004 |
Year Franchised | 2002 | 2004 |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 years | 10 years |
Renewal Fee | - | 50% of 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/Yes | No/No |
Start-up Costs | No/Yes | No/Yes |
Equipment | No/Yes | No/Yes |
Inventory | No/Yes | No/Yes |
Receivables | No/Yes | No/Yes |
Payroll | No/Yes | No/Yes |
Training & Support |
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Training | Monthly support | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
Operations |
75% of all franchisees own more than one unit Number of employees needed to run franchised unit: 8 - 15
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 | No |
International Expansion | No | No |
NO LONGER FRANCHISING
NO LONGER FRANCHISING
Radiance Medspa offers a remarkable "All in
One" practice for the greater part of your individual needs, to help
you feel and look your absolute best with far reaching administrations
to upgrade the entire you. We offer redid weight administration
projects, and cutting edge, best tasteful medications. We work to
present you taking care of business.
Entertain yourself at our
dynamic skin and weight administration Medspa to restore your
magnificence. Radiance Medspa offers outstanding therapeutic aptitude in
an upscale, calming spa-like environment. Our best in class
non-surgical appearance upgrade advancements mean our methodology are
performed securely, serenely, and adequately.
We at Radiance
Medspa trust that wonderful looking skin requires an on-going duty - on
our part and also yours. Our lone concentration is on giving you comes
about arranged tasteful administrations. Our expert, authorized staff
will instruct and acquaint you with best in class improvements and
execute clinically-demonstrated non-surgical advancements to meet your
objective of sound, dynamic looking skin and body.
All medicines
are performed by our gifted and experienced staff of human services
experts and clinicians under the supervision of Dr. John V. Belmonte,
Jr.
We offer advantageous hours to fit your timetable and spa
solaces to restore your faculties, unwind your body, and empower you to
love the way you look.