Jon Ric International Franchise Review
Jon Ric International is a premiere medical and wellness spa. They offer nail and hair services as a salon. They also have hybrid spas where they have a combination of luxury day spa and medical services such as massage, laser, Botox, fillers and facials. Jon Ric also sells products in their locations from brands such as Bumble & Bumble, Bare Minerals, Morroconoil, and many more.
Jon Ric International Wellness Spa Franchise
Their mission is to create a pleasant and enjoyable atmosphere for each and every staff member as well as their clients.
They commit to providing customers with the best extends to the environment they are served in. Salons are always sparkling clean, soothing and calming, with relaxing and appropriate music, aromas and attitudes.
Management Team
Jon Ric International wellness spa was founded by CEO Jon Ric Rando, Ph.D. in 1983 in New Smyrna Beach, Florida. Since then, Dr. Rando has opened many additional locations under the Jon Ric name, as corporate-owned salons and spas as well as many for independent owners. Multiple business models and hybrids of Jon Ric International offers many unique advantages and benefits that are rarely found in the industry, and franchisees can customize or combine in their stores to offer customers the most services at one place. This makes each and every Jon Ric location a more viable and competitive business than other salons and spas, and this unique business model attracts customers and franchise partners alike.
Franchise Health and Beauty Industry Analysis
Franchise Strengths
Established franchisor with extensive experience
Ability for the franchisee to tailor their salon to the specific needs of the market they are in
Occupies an ideal market niche by offering luxury beauty services
Membership program available to clients
Franchise Weaknesses
The services are not for everyone as some individuals will not do well with their treatment due to the color of their hair and/or skin tone
Priced significantly higher than other similar services
Franchise Opportunities
Can grow with a very well-experienced franchisor
The consumer market is becoming more educated on the benefits of permanent hair removal and beauty non-invasive procedures
According to the American Med Spa Association(AmSpa), the med spa industry is set to grow an additional 8 percent by 2020 as more millennial clients seek non-invasive treatments
Franchise Threats
Profitability can be negatively impacted by close location of like competitors
Potential for change in consumer taste
Potential for innovative new product or technique to enter the market
Potential for increased government regulations
How much is a Jon Ric International Wellness Spa?
Jon Ric International Franchise cost ranges from $162,370 to $738,500 according to the 2020 FDD.
| Cost Types | Amount (in USD) | When Due | To Whom Payment is to Be Made | |
|---|---|---|---|---|
| Low | High | |||
| Franchise Fee | $39,500 | $52,500 | Upon Signing | Franchisor |
| Cost of Travel and Living Expenses for Training | 250 | 2,500 | As required by vendors | Vendors |
| Initial Training, no cost for 2 people | 0 | 1,000 | When training begins | Franchisor |
| Optional Additional Training for Software, Processes, Procedures, etc. | 0 | 500 | When training begins | Vendors |
| Optional Premium Software Support | 0 | 150 per hour | When training begins | Vendors |
| Architecture Fee | 25,000 | 35,000 | When training begins | Vendors |
| Optional Development Fee | 0 | 48,000 + 50% of the franchisee fee | When training begins | Vendors |
| Construction Management | 14,000 | 14,000 | When training begins | Vendors |
| Leasehold Improvements for unimproved Location | 40,000 | 270,000 | By agreement with contractor | General contractor |
| Rent, Payment on building, $2,000 to $10,000 per month, for the first 3 months | 6,000 | 30,000 | Monthly, first 3 Months | To bank or lender |
| Salon Furnishings and Fixtures | 35,000 | 60,000 | As required by vendors | Vendors |
| Medical Equipment | 0 | 190,000 | As required by vendors | Vendors |
| Initial invetory and operating supplies | 5,000 | 25,000 | Prior to opening | Vendors |
| Computer Setup and Annual Database Access | 800 | 4,000 | As required by vendors | Vendors |
| Spa/Salon Equipment | 0 – 7,300 | 0 – 5,000 | Before Issuing Order for the Equipment | Vendors |
| CC Processing, Marketing Equipment/Software | 70,000 – 90,500 | 110,000 – 160,000 | As required by vendors | Vendors |
| Internet, first 3 months | 120 | 300 | As required by vendors | Vendors |
| Complete Signage (interior/exterior) | 3,000 | 12,000 | As required by vendors | Sign Vendors |
| Network Equipment | 5,000 | 10,000 | Before Issuing Order for the Equipment | Vendors |
| Advertising and Marketing | 3,000 | 5,000 | As required by vendors | Vendors |
| Security Deposits (inlcuding lease deposit, utilities, licenses, etc.) | 3,000 | 5,000 | As required by landlord, utilities | Landlord |
| Insurance for 3 months | 1,500 | 3,000 | Monthly, first 3 Months | Insurance Agent |
| Additional funds necessary to open – first 3 months | 24,000 | 90,000 | As necessary, first 3 months | Employees, misc. suppliers, etc. |
| Total | $162,370 | $738,500 | ||
| Royalty | Ad-Fund |
| 4,5% | 2% |
