This month’s business model is one I am a user of myself, The combination of an incredible leadership team plus the growth (past and projected) of the demand for their services makes this one you should take a look at if you’re seeking a semi absentee business you can be proud to bring to your community.
For what I believe will be a short time, this is still a ground floor opportunity in a very well established $17 billion dollar-per-year industry that is expected to nearly double to $34 Billion in the next 10 years, Spavia Day Spa has been around over 13 years, so they have withstood the test of time and have proven the concept over that period. Spavia’s services are sought after by 52%-56% of their customers because of medical or alternative medical reasons.
It’s worth mentioning this leadership team: Spavia co-founders are Marty and Allison Langenderfer, Marty was part of the 5-person team that founded Travelocity and Allison spent years with corporate giants Eli Lilly and Macy’s. In addition, the Franworth team is considered the “best of the best” in franchising. They are the leadership team behind many well-known brands; they have led numerous iconic brands that you go to each day. Franworth partnered with spavia Day Spa in 2015. In this partnership, Franworth eliminated complexity, refined, and put measures to control costs of the business in place. Today they are starting to pop up around the country – they’ve sold nearly 100 units in 24 states, with 31 locations open to date. Demand is strong from savvy investors who want in because the Franworth brand means the likelihood of success is increased – they are legends in franchising and the force behind so many fast growing brands (including Lash Lounge and Title Boxing Club).
The business can be run semi-passively, which means the owners can keep the safety and security of their job, hire a manager to run the day-to-day operations, manage the manager and open multiple units. The spas occupy approx. 2,800 sq. ft. and the initial out of pocket investment that banks require for an SBA loan could be as low as $150K liquid – depending on the size and scope of your buildout and location.
You will feel good knowing that you are providing an affordable luxury to a loyal & diverse community of guests who will establish a regular routine of frequenting your spa, in an environment that is upscale and inviting – and at value pricing. In Denver (where they are headquartered), they have been recognized as the Best Spa by 5280 Magazine 12 years in a row – they obviously have it figured out!
With multiple service offerings, from massage to facials, lash extensions, make-up application, spray tans, body wraps and more – your beautiful spa will be the one stop for all things health and wellness, relaxation, and beauty in your community.
Financial Investment altogether can be anywhere from $300K to $600K depending on location and size.