百大连锁店-Rank no. 306 -新移民致富之路
Rank no. 306 – LaVida Massage -US
Products & Services: Massage & spa services
Number of Locations: 51
Total Investment: $160.25K – 290K
Founded: 2007
Began Franchising: 2007
About LaVida Massage
LaVida Massage is headquartered in Commerce Township, Michigan. The company was founded in 2007 and began franchising the same year. Franchise locations offer a variety of massage services, as well as facials, waxing, peels, body treatments, hydrotherapy and infrared body wraps.
Franchise Units
YEAR | U.S. | CANADIAN | INTERNATIONAL | COMPANY OWNED |
2013 | 49 | 1 | 0 | 1 |
2012 | 42 | 1 | 0 | 1 |
2011 | 36 | 1 | 0 | 1 |
2010 | 30 | 1 | 0 | 2 |
2009 | 15 | 0 | 0 | 1 |
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $39,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
FINANCIAL REQUIREMENTS
Net Worth: $250,000
Liquid Cash Available: $50,000
OPERATIONS
20% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 20. Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators).
FINANCING TYPE | IN-HOUSE | THIRD PARTY |
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How This Franchise Supports Franchisees