Ask these Questions Before Buying a Spa Franchise
FACE TO FACE SPA FRANCHISE
Opening a spa business is a huge venture that requires ample thought and perspective. There are many obstacles unique to business ownership – including site selection, maintaining sustainable operations, marketing your skin care franchise and more – that buying a spa franchise can help individuals overcome. However, it cannot make up for a lack of passion or preparation. The best way to identify the best spa franchise for you is to complete your due diligence. Are you in the process of evaluating spa franchise opportunities? Be sure to ask these questions before signing on the dotted line:
Do my goals align with those of this medi-spa franchise?
The best spa franchise concepts promote synergy and compatibility between the franchisor and franchisee. Do you share the mission of promoting skin health and beauty in communities nationwide? If so, navigating the ups and downs of day-to-day operations will keep you fulfilled in your work. You will approach challenges as necessary learning opportunities and keep the overall goal of providing quality client care top of mind. Part of Face to Face Spa’s franchising process involves taking a personality test, which helps us understand how both parties can mutually grow as result of a working relationship.
How will I finance my medi-spa franchise?
Giving serious consideration to a medical spa franchise for sale, only to find that you are under-capitalized, can be rather disappointing. For that reason, many spa franchise opportunities outline the investment opportunity and qualifications upfront. Ideal franchisee candidates for Face to Face Spa, for example, must have a minimum of $100,000 in liquid capital, as well as a minimum net worth of $500,000 per unit desired and a credit score of 700 or greater. The best spa franchise opportunities will offer financing programs or special incentives for qualified candidates. Understanding any and all financing options available before deciding to buy a spa franchise is incredibly important.
What are current franchisees’ thoughts about this medical spa franchise for sale?
Franchisees are a great source to discuss their experience with the spa franchise opportunity. Most are more than happy to share their honest feedback about the franchisor-franchisee relationship and quality of support, in addition to any victories or challenges they’ve experienced as part of that system. The best spa franchises make contact information for current owner-operators available via their FDD or are willing to provide those references upon request.
How much support will be available to me as a spa franchise owner?
Different spa franchise opportunities offer varied corporate support and benefits. Some programs may offer a full suite of initial support with limited ongoing guidance, while others may offer 24-hour help lines, webinars or routine trainings on-site. Understand what franchise support looks like for each medi-spa franchise, and be honest about what you will need as a business owner. The best spa franchise opportunity for you will meet you where you are, personally and professionally, and help you reach your goals at a suitable pace.
Choosing the best spa franchise opportunity is a big life decision. Take the time to ask clear, thoughtful questions of a franchisor as you evaluate what’s on the market. Face to Face Spa’s franchise support team would love to speak with you about our medical spa franchise for sale! Reach out and let us know what’s holding you back from starting your own spa business.