Over the past four years, there’s been a significant shift in how people prioritize their personal and professional lives. On the personal front, consumers are more willing than ever to invest in self-care, health, and wellness services. The global health and wellness market is booming, with estimates from IMARC Group projecting it will reach $4.24 billion by 2026.
Professionally, many are looking for more autonomy, seeking business ownership rather than working to benefit others. The entrepreneurial spirit is stronger than ever, making this the ideal time to invest in a proven franchise model in the health and wellness industry.
What Does it Cost to Open a Hand & Stone Franchise?
As the leading massage and spa franchise, Hand & Stone has been recognized by Entrepreneur as a top choice for two consecutive years. With more than 500 locations and nearly two decades of success, we are at the forefront of the wellness industry.
Initial Investment: The costs to open a Hand & Stone Massage and Facial Spa typically range between $603,195 and $759,755*. To qualify, you’ll need a minimum net worth of $750,000 and at least $150,000 in liquid assets. This investment covers everything from site build-out, signage, equipment, and inventory to finance and other necessary expenses.
To see the full breakdown of the initial investment, click here.
Kris Smith, Hand & Stone’s SVP of Real Estate, adds, “Many landlords offer a tenant improvement allowance, helping franchisees offset build-out costs once their spa opens.”
Do I Need Experience in the Spa Industry?
No prior experience in the spa or massage industry is required to become a Hand & Stone franchise owner. We provide a comprehensive training program that covers everything you need to know. With our experienced team and proven business model, you’ll focus on four key areas for growth:
- Managing and motivating your team
- Recruiting staff and becoming the face of your franchise
- Overseeing all aspects of financial management
- Collaborating with our in-house marketing agency for promotion
Our development team ensures you’re well-prepared for success, providing extensive pre- and post-opening support.
What Kind of Support Can I Expect?
Owning a business can be challenging, but with an experienced team behind you, the rewards can be substantial. At Hand & Stone, we’re proud of our comprehensive franchise support system, which includes assistance with real estate selection, spa construction and design, staff recruitment, training, marketing, operations, and financing.
In 2023, the average gross sales for Hand & Stone locations was $1.4 million*. While individual results vary, our support system is designed to help you achieve your business goals.
Ready to Join a Leading Wellness Franchise?
If you’re looking to invest in a successful spa franchise, Hand & Stone is the leader in the health and wellness industry. To learn more about franchise opportunities, reach out to us at [email protected], and a team member will contact you soon.
