- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$194K - $355K
- Units as of 2015
-
41
Company Overview
About Massage Addict
| Industry | Personal-Care Businesses |
|---|---|
| Related Categories | Massage & Spa Services |
| Founded | 2008 |
| Leadership | Fraser Clarke, CEO |
| Corporate Address |
1 Eglinton Ave. E., #602 Toronto, ON M4P 3A1 |
| Social | Facebook, Twitter |
Business Overview
| Franchising Since | 2008 (16 years) |
|---|---|
| # of employees at HQ | 10 |
| Where seeking |
This company is offering new franchises worldwide. |
| # of Units | 41 (as of 2015) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Massage Addict franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$39,000 |
|---|---|
|
Initial Investment
|
$194,000 - $354,500 |
|
Net Worth Requirement
|
$250,000 |
|
Cash Requirement
|
$50,000 - $75,000 |
|
Royalty Fee
|
5% |
|
Ad Royalty Fee
|
2% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | Massage Addict has relationships with third-party sources which offer financing to cover the following: startup costs, equipment |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 3-5 days |
|---|---|
| Classroom Training | 1 week |
| Ongoing Support |
Purchasing Co-ops
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
|
| Marketing Support |
National Media
|
Operations
Additional details about running this franchise.
|
Can this franchise be run from home/mobile unit?
|
No |
|---|---|
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 10-12 |
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