MedSpa810

Med spas
Total Units
5 17 added in 3 years
77.3%
2021 Franchise 500 Rank
N/R Not ranked last year
Initial investment
$362K - $697K

Company Overview

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About MedSpa810

Founded
2011
Parent Company
Princeton Investments
Leadership
Greg Longe, CEO & President

Franchising Overview

Franchising Since
2012 (9 years)
# of employees at HQ
16
Where seeking
Franchisor is seeking new franchise units worldwide.
# of Units
5

Franchisor Information

Corporate Address
4 Independence Wy., #120
Princeton, NJ 08540

Information for Franchisees

Here’s what you need to know if you’re interested in opening a MedSpa810 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
$69,500 - $69,500
Initial Investment
$362,205 - $696,650
Net Worth Requirement
$650,000 - $750,000
Cash Requirement
$140,000 - $200,000
Royalty Fee
7%
Ad Royalty Fee
2%
Term of Agreement
10 years
Is franchise term renewable?
Yes

Are you unsure which franchise is right for you?

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
MedSpa810 has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

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
32 hours
Classroom Training
32 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Marketing Support
Co-op Advertising
Ad Templates
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

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The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: October 23rd, 2020
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