Aspiring entrepreneurs know the key to success when entering a new market is to do your research. Starting a franchise with Massage Envy requires potential investors to take a closer look at the business opportunity to ensure it’s the right investment for them in the long run. Through our network at the International Franchising Professionals Group (IFPG), we’ve put together the following questions to help investors determine the Massage Envy franchise opportunity is right for them.
How Does Massage Envy Work?
Massage Envy is a health and wellness franchise chain that offers massage, beauty, and facial services to clients. Founded in 2002, Massage Envy has grown to include over 1,000 locations in the United States and Canada. Each location is run by franchise owners, who own and operate their business with guidance from the home office. Franchise owners are responsible for managing the day-to-day operations of their location, hiring and training staff, marketing, and ensuring the satisfaction of their clients.
What’s Included with a Massage Envy Franchise?
Massage Envy franchises are comprehensive business operations that offer everything franchise owners need to get started. Massage Envy provides franchisees with operational training, systems on operational processes, customer management systems, marketing and advertising support, access to a professional services team, and access to specialized inventories. Franchise owners receive assistance with pre-opening services and efforts in selecting the right location for each business. Massage Envy also provides a location-based Mentor Franchise Broker who offers ongoing support and advice to franchise owners throughout the life of their location.
What New Franchise Opportunities Does Massage Envy Offer?
Massage Envy is one of the few franchisors in the industry that offers new and existing franchise owners unique expansion opportunities. Massage Envy recently introduced the Accelerate Program – a multi-franchise opportunity program that allows franchise owners to purchase and operate multiple Massage Envy franchises. The Accelerate Program gives franchise owners the opportunity to own multiple franchises instead of investing in an existing one, which gives them more control over the business. It also allows current franchise owners to purchase additional locations and increase their revenue streams.
What Are the Requirements to Become a Massage Envy Franchise Owner?
The first requirement to becoming a Massage Envy franchise owner is to meet the financial qualifications included in the Franchisor Disclosure Document. The FDD outlines the amount of capital that must be available to a potential franchise owner in order to be eligible for a Massage Envy franchise. It is also important to note that Massage Envy requires its franchise owners to have a minimum of three years of business experience. Franchise owners also need to demonstrate property management experience, be able to demonstrate management of staff, and demonstrate a commitment to customer service.
What Is the Estimated Cost to Own a Massage Envy Franchise?
The estimated cost to own a Massage Envy franchise ranges from $314,000 to $1.4 Million. This cost includes all necessary start-up expenses, such as initial franchise fees, continuing franchise fees, training and support expenses, and the estimated cost for furniture, fixtures, and equipment. It is important to note that these potential costs are just estimates and the actual cost of a Massage Envy Franchise varies depending on the location selected and any special requirements of the site.
What Is the Return on Investment for a Massage Envy Franchise?
The return on investment for a Massage Envy franchise depends on the location that is chosen and how well the franchise is managed. It is important to note that this depends largely on the specific skills and abilities of the owner and how they approach the business. It also depends on the local market and its demographics as well as the competition in the area. It is also important to keep in mind that Massage Envy is a long-term investment in a business and the return on investment does not happen overnight.
Are there any Other Benefits to Owning a Massage Envy Franchise?
The biggest benefit of owning a Massage Envy franchise is the satisfaction of helping people. Massage Envy franchise owners are dedicated to providing the highest quality of care to their clients while also helping them to achieve overall health and wellness. Furthermore, franchise owners can experience the sense of pride and satisfaction that comes with owning a successful business and watching it grow.