
Clovr Life Spa
Spa services- 2022 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$410K - $765K
- Units as of 2019
-
4 300.0% over 3 years
Company Overview
About Clovr Life Spa
- Industry
- Personal-Care Businesses
- Related Categories
- Miscellaneous Personal-Care Businesses, Massage & Spa Services
- Founded
- 2016
- Leadership
- Lyle Myers, CEO
Franchising Overview
- Franchising Since
- 2017 (5 years)
- # of employees at HQ
- 9
- Where seeking
-
This company is seeking new franchisees in the following US states:
- # of Units
- 4 (as of 2019)
Franchisor Information
- Social
- Corporate Address
-
8377 E. Hartford Dr., #105
Scottsdale, AZ 85255
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Clovr Life Spa 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
- $410,275 - $764,775
- Net Worth Requirement
- $400,000
- Cash Requirement
- $150,000
- Veteran Incentives
- 10% off franchise fee
- Royalty Fee
- 7%
- Ad Royalty Fee
- 1%
- 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
- Clovr Life Spa has relationships with third-party sources which offer financing to cover the following: franchise fee, 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
- 22 hours
- Classroom Training
- 28 hours
- Ongoing Support
-
Purchasing Co-opsMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionFranchisee Intranet Platform
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- Yes
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- Are exclusive territories available?
- Yes
Interested in franchise ownership like Clovr Life Spa? Request a free consultation with a Franchise Advisor now.
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