You’ve decided to take the next step in entrepreneurship, and you want to know what it costs to purchase a Spavia Day Spa franchise.
Spavia is a premium business opportunity. Our franchisees come from all types of professional backgrounds. Many come from high-stakes corporate positions and are looking to create their own path as business owners. No matter what experience led up to this opportunity, one thing remains constant among Spavia owners; they were willing to make a sensible investment to build an enterprise that will reward them both personally and financially. In fact, average gross revenue for mature Spavia Day Spa locations was $1,163,784 in 2017.
“I get great satisfaction from just opening the door to my business each morning – my personal business – creating jobs and building a team. I’m learning something new every day.”-Paul Groshko – Chicago, IL
Spavia Start-Up Costs
The Spavia Day Spa investment ranges from $282,940 to $646,717. The majority of our franchisees finance the business. If you have a $500,000 net worth, and $120,000 in available capital, FranFund may be able to help you secure a business loan. You can find more information in the “Funding & Financing Options” section below.
Breakdown of Costs
|Estimated Initial Investment||Low Amount||High Amount|
|Initial Franchise Fee||$49,500||$49,500|
|Initial Training Fee||$5,000||$5,000|
|Travel and Living Expenses During Initial Training||$500||$1,500|
|Security Deposits for Lease and Utilities||$7,800||$15,000|
|Insurance Premium, 3 months||$1,500||$3,600|
|Business License and Permits||$1,800||$2,300|
|Rent Under Lease, 3 months||$0||$30,000|
|Other Professional Fees||$2,000||$5,000|
|Preconstruction, Arch. Engineering||$14,800||$20,000|
|Leasehold Improvements and Construction||$86,400||$350,177|
|Signage and Graphics||$10,000||$19,000|
|Equipment Package – Millworks, Interior Design, Certain FF&E||$60,000||$91,500|
|Other Equipment and Supplies||$23,640||$23,640|
|Local Advertising – 3 Months||$15,000||$20,000|
|Additional Funds, 3 Months||$5,000||$15,000|
|Total Estimated Initial Investment||$282,940||$646,717|
Funding & Financing Options
We want our massage franchise owners to succeed, so we’ve partnered with FranFund; an expert resource for franchisees and independent business owners. FranFund searches the marketplace to find the best financing options for your particular situation, providing you with one or more capitalization solutions for your particular goals and needs.
If you have a $500,000 net worth, or $120,000 in available capital, FranFund may be able to help you secure a business loan. Typical financing options include Small Business Administration (SBA) loans, one or more loans from a conventional bank, or even rolling over your retirement accounts to fund your franchise (with no penalty, debt or taxes). At FranFund, you can talk to a representative and get a free over-the-phone consultation. FrandFund offers a revolutionary program called FranFundSelect® which provides loans up to $150,000 with no minimum cash injection.
If you have a dynamic background, a solid net worth and – most importantly – a great desire to build a flourishing and prosperous business, visit our Become An Owner page.
*As disclosed in item 19 of Spavia Franchise Disclosure Document (FDD) dated december 31, 2017. Some units have achieved these results. Your individual results may vary. Mature businesses refers to locations that have been owned and operated for two (2) years as of December 31, 2015. Not all franchises are included in these figures, see the FDD dated december 31, 2017 for additional details.