HAND AND STONE MASSAGE Franchise Startup Cost, Profit & Opportunities
Hand and Stone Massage and Facial Spa Franchise is a leading spa company in the United States that offer affordably priced and high quality spa services like therapeutic massages, facials and hair removal. They also deal in the retailing of facial products.
Hand and Stone Massage and Facial Spa Franchise was established in 2004 by John Marco in Jesery Shore, United Stated. The Company began franchising two years later in 2006. In a bid to scale up the company, John Marco hired a franchising expert as the president and CEO of the company who took over the helm of affair of the company in 2009.
With the effective management of Todd Leff, Hand and Stone Massage and Facial Spa Franchise has been experiencing exponentially growth with about 300 franchise units across the United States and Canada.
Because of their outstanding performances in the health and wellness industry, Hand and Stone Massage and Facial Spa Franchise has received many awards and recognitions by several franchise institutions.
In the Franchise Time Fast & Serious 2017 List, Hand and Stone Massage and Facial Spa Franchise was ranked number 8 out of the 40 smartest growing brands. Also, in the Entrepreneur Magazine Franchise 500 List, Hand and Stone Massage and Facial Spa Franchise was No #66 in 2017 and number 48 in 2016.
HOW MUCH DOES HAND AND STONE MASSAGE AND FACIAL SPA FRANCHISE COST?
If you want to start a Hand and Stone Massage and Facial Spa Franchise, the estimated total amount of money that required to invest is around $250,000.
HAND AND STONE MASSAGE ND FACIAL SPA FRANCHISE FEE
The franchise fee that you will be required to pay is $39,000 and each additional franchise fee is $29,000 However, Hand and Stone Massage and Facial Spa Franchise gives 20% discount off the franchise fee as incentive to veteran franchisees.
HAND AND STONE MASSAGE ND FACIAL SPA FRANCHISE STARTUP COST
The total cost you will need to invest in starting a single unit of Hand and Stone Massage and Facial Spa Franchise could range from $480,469 to $583,579.
You will also be required to pay other fees like ongoing royalty fee which is 6.0% of the gross revenue and ad royalty fee which is 1.0% of the gross revenue.
HAND AND STONE MASSAGE ND FACIAL SPA FRANCHISE TRAINING AND SUPPORTS
- Hand and Stone Massage and Facial Spa Franchise offers their franchisees 3 weeks intensive training which include onsite operations training.
- Hand and Stone Massage and Facial Spa Franchise support their franchisees by helping them develop a customized marketing plan that is proven and effective.
- Hand and Stone Massage and Facial Spa Franchise has an in-house agency that manages all their franchisees advertising.
- Hand and Stone Massage and Facial Spa Franchise support their franchisees in site selection and facility lay out.
- Hand and Stone Massage and Facial Spa franchise has a viable team that support their franchisee with the startup process.
- Even after the initial training and support, Hand and Stone Massage and Facial Spa franchise provide ongoing support to their franchisees by assigning to them a permanent operation manager who follow up on the franchisees through weekly calls.
HAND AND STONE MASSAGE ND FACIAL SPA FRANCHISE TERMS OF AGREEMENT/RENEWAL
The duration of the initial franchise agreement of Hand and Stone Massage and Facial Spa Franchise is 10 years. If the franchisee decide to continue with the business and meets certain requirements set by the franchisor, then the franchise agreement can be renewed for an additional time of 10 years.
HOW MUCH DOES HAND AND STONE MASSAGE ND FACIAL SPA FRANCHISE MAKE
The amount of money made by of Hand and Stone Massage and Facial Spa Franchise is indeterminate. This is because it is subject to various factors such as location, size, the level of diligence of the franchisees, etc.
However, with the potential profitability of the spa industry and the effective support that of Hand and Stone Massage and Facial Spa Franchise give their franchisees, if a franchisees is dedicated to the business, then he is bound to make good profits.
HOW TO OPEN HAND AND STONE MASSAGE ND FACIAL SPA FRANCHISE
To start a Hand and Stone Massage and Facial Spa Franchise the following steps:
Visit their website at www.handandstonefranchise.com/contact-us to fill and submit an inquiry form.
After doing this, a member of the Franchise Development Team will contact you to learn more about your intentions and also answer any question or clarification that you have. The next thing after this is that you will be scheduled for a one on one informational webinar that will provide you with the comprehensive overview of the Hand and Stone Franchise business.
The next thing is to apply for the franchise, complete Franchise Disclosure Document and review the Franchise Validation.
You will be asked to come to Hand and Stone Headquarters for a discovery day to meet with the company’s Corporate Team and also observe the internal workings of the spa.
The last step to take is to receive your Franchise Agreement, be assigned a territory and be inducted to the Hand and Stone team.
