- 2024 Franchise 500 Rank
-
#356 Ranked #397 last year
- Initial investment
-
$156K - $386K
- Units as of 2024
-
514 321.3% over 3 years
StretchLab offers a simple solution to improve mobility, reduce the risk of injury, and reintroduce recovery time into their clients' lives with assisted stretching. StretchLab believes in helping people regain their physical freedom through stretching; it is an old-modern solution to age-old problems.
Most everyone knows about High Intensity Interval Training (HIIT), yoga studios, and gyms as fitness solutions, but what about stretching? StretchLab may serve as the newest wellness trend making its way through the franchise circuit—and it is definitely not your typical workout.
Its high-profile exposure in the L.A. Times, Shape, and NBC is making it a national wonder. With over 400 StretchLab studios opened worldwide since franchising began in 2017, the company is the largest assisted stretching franchise concept, and is just getting started. It is actively looking for more opportunities to bring the brand to various communities. The ideal candidate for a StretchLab franchisee knows how to motivate a team and is thirsty for growth. A candidate should also want to help people and advocate for health and wellness genuinely.
Why You May Want to Start a StretchLab Franchise
Joining the StretchLab team means being part of a growing enterprise that holds corporate partnerships. StretchLab's parent company, Xponential Fitness, manages other proven brands like Pure Barre and Cyclebar, potentially making StretchLab's legitimacy in the market real. StretchLab is smartly taking its business beyond individual clients, too.
Though you may be concerned about investing in something new, the StretchLab trend is working to carve out its place in the health and fitness franchise world.
As a franchisee, you'll be able to take your passion for health and wellness into a different setting. The franchise will continue to educate you and your team, as growth is one of its core values. You'll also likely work within a community that cares for each of its members.
What Might Make a StretchLab Franchise a Good Choice?
StretchLab has been ranked in Entrepreneur’s Fastest-Growing Franchises a few times in recent years. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
To be part of the StretchLab team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. You should also prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
The typical term of agreement between StretchLab and its franchisees is ten years. At the end of the agreement, you will be offered the opportunity to renew the agreement for a sum as long as the franchisor wishes to continue the relationship with you.
How To Open a StretchLab Franchise
Before making any financial commitments or signing an agreement, it is crucial that you perform your due diligence and establish if this is the right opportunity for you. Speak to existing franchisees and ask questions directed to the StretchLab team.
To open a StretchLab franchise, you should first fill out a franchise request form. A representative may be in touch with you shortly after that. Once your application is approved and you've signed an agreement, StretchLab will provide comprehensive support to help you find the right location, financing, and market your business.
Company Overview
About StretchLab
Industry | Health & Wellness |
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Related Categories | Assisted Stretching, Miscellaneous Health Services, Miscellaneous Personal-Care Businesses, Fitness |
Founded | 2015 |
Parent Company | Xponential Fitness |
Leadership | Mark King, CEO |
Corporate Address |
17877 Von Karman Ave., #100 Irvine, CA 92614 |
Social | Facebook, Twitter, LinkedIn, Instagram, YouTube |
Business Overview
Franchising Since | 2017 (7 years) |
---|---|
# of employees at HQ | 84 |
Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises in the following international regions: Asia, Middle East, Europe (Eastern), Europe (Western), Central America, Canada, South America |
# of Units | 514 (as of 2024) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a StretchLab 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
|
$65,000 |
---|---|
Initial Investment
|
$156,200 - $386,100 |
Net Worth Requirement
|
$500,000 |
Cash Requirement
|
$100,000 |
Royalty Fee
|
8% |
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 | StretchLab has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
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Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Classroom Training | 23 hours |
---|---|
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where StretchLab landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where StretchLab ranked on other franchise lists? Find out below.
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