StretchLab offers one-on-one assisted stretching services aimed at improving flexibility and muscle recovery. The franchise focuses on personalized stretching sessions led by certified professionals.
Key Insights
- Founded with a vision to revolutionize personal flexibility, StretchLab emerged from a desire to provide accessible, assisted stretching services. The franchise was built on the premise that improved mobility is key to enhanced well-being and athletic performance, aiming to address a gap in the market for specialized stretching solutions.
- StretchLab operates through a network of studios offering one-on-one and group stretching sessions led by certified Flexologists. Memberships provide access to regular flexibility training, utilizing a proprietary method to help clients achieve their mobility goals, recover from workouts, and improve overall physical function.
- The franchise operates within the rapidly expanding wellness and fitness industry. This sector is experiencing significant growth driven by increasing consumer awareness of preventative health measures, the demand for specialized fitness experiences, and the growing understanding of the importance of flexibility for injury prevention and improved quality of life.
Franchise Fee and Costs to Open
Exploring the financial picture of StretchLab gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $269,019 - $610,224, along with a franchise fee of $65,000 - $65,000.
Financial Performance and Revenue
Yearly gross sales of $529,868 and estimated earnings of $79,481 - $95,377 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 5.5-7.5 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
StretchLab provides comprehensive training for new franchisees. This initial program offers in-depth education on studio operations and the StretchLab methodology. The training lasts for two weeks and is conducted at a designated StretchLab corporate location. StretchLab also offers ongoing support and resources to help franchisees build their business.
Legal Considerations
Legal considerations for a StretchLab franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Franchisees might encounter local market competition from established fitness centers or new wellness studios. Operational complexity involves managing skilled flexologists, scheduling, and maintaining equipment. Reliance on specific supply chains for branded apparel or products presents another area for careful consideration in business planning.
Franchise Datasheet
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