| ||||
Updated RecentlyHand and Stone Spa vs Grand Royal Spa Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Hand and Stone Spa vs Grand Royal Spa including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $567,626 - $674,476 | $32,900 - $50,000 |
| Franchise Fee | $32,500 - $42,500 | N/A |
| Royalty Fee | 5%-6% | - |
| Advertising Fee | 5% | - |
| Year Founded | 2004 | 2004 |
| Year Franchised | 2004 | 2004 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| 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 |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/Yes | -/- |
| Equipment | -/Yes | -/- |
| Inventory | -/Yes | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
||
| 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 |
||
| US Expansion | Yes | - |
| Canada Expansion | Yes | - |
| International Expansion | - | - |
Company Overviews
About Hand and Stone Spa
Veteran Incentives 20% off franchise fee
!["Entrepreneur]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
#151 in Franchise 500 for 2020.
About Grand Royal Spa
* 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