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Below is an in-depth analysis and side-by-side comparison of Hand and Stone Spa vs Spice Wellness Systems including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $567,626 - $674,476 | $20,000 - $35,000 |
Franchise Fee | $32,500 - $42,500 | N/A |
Royalty Fee | 5%-6% | - |
Advertising Fee | 5% | - |
Year Founded | 2004 | 2006 |
Year Franchised | 2004 | 2006 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal 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 | -/- | -/- |
Start-up Costs | -/Yes | -/- |
Equipment | -/Yes | -/- |
Inventory | -/Yes | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | On-The-Job Training: 85 hours Classroom Training: 54 hours Additional Training: At existing location | - |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform | - |
Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
Operations | Number of Employees Required to Run: 12 - 15 | - |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | Yes | Yes |
International Expansion | - | - |
Our franchises offer a ten minute treatment that leaves our clients saying "Wow, I just feel better!" A four step formula for success creates a comprehensive model for wellness that includes whole body vibration therapy, exercise, nutrition and balance through relaxation and meditation. Exclusive "Spice Sonic" Whole Body Vibration equipment provides the leading edge in treatments for the baby boomer clientele. On line nutrition and personal training provide in depth consulting services.
Franchise Fee: $750 or 7% of monthly gross revenues