Rank no. 355 – MassageLuXe – US
Products & Services: Therapeutic massage, facials, waxing
Number of Locations: 22
Total Investment: $195.5K – 371.79K
Began Franchising: 2008
MassageLuXe was founded by Todd Beckman in 2008 and began franchising the same year. Based in Fenton, Missouri, the company’s franchise locations offer a monthly membership program for massage services. A sister concept, FaceLuXe, offers the option of facials and waxing services as well.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $38,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Net Worth: $300,000
Liquid Cash Available: $100,000
Number of employees needed to run franchised unit: 30. Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators).