Stretch Smart Infrared Therapy Franchise in 2024: Costs, Fee & FDD
Explore the innovative Stretch Smart Infrared Therapy franchise, blending assisted stretching and infrared sauna therapy. Discover investment costs and earnings potential for future franchise opportunities.
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Stretch Smart Infrared Therapy was founded with a vision to revolutionize the wellness and recovery industry by combining assisted stretching with the benefits of infrared therapy. This unique fusion was designed to cater to a growing demand for holistic health solutions that improve flexibility, reduce pain, and enhance overall well-being. The founders recognized a gap in the market for effective, science-backed methods that promote recovery and performance for fitness enthusiasts, athletes, and everyday individuals looking to maintain an active lifestyle.
At its core, Stretch Smart offers assisted stretching sessions combined with infrared sauna therapy. This pairing not only helps improve range of motion and reduce muscle tension but also boosts circulation, aids detoxification, and accelerates recovery. Additional services may include personalized wellness plans, flexibility assessments, and recovery packages. Their target market consists of fitness enthusiasts, professional athletes, busy professionals, and anyone dealing with chronic pain or mobility issues. The appeal lies in providing an effective, time-efficient way to enhance health and fitness.
Currently, Stretch Smart does not offer any franchises, and only has operating one single unit, but may offer more in the future. Stretch Smart typically serve dozens of clients daily, reflecting a strong and consistent demand for wellness services. The brand’s innovative approach, combining two sought-after therapies, sets it apart in the fitness recovery space, making it an attractive option for investors looking to enter the boutique wellness market.
Franchisees benefit from a comprehensive support system that includes hands-on training, marketing guidance, and operational assistance. Initial training covers stretching techniques, infrared therapy application, and customer service skills, ensuring franchisees and their teams can deliver top-notch service. Ongoing support includes marketing strategies, local advertising assistance, and access to cutting-edge wellness technology. This infrastructure, paired with a unique service offering, gives franchisees the tools to thrive and attract a loyal customer base in the competitive boutique fitness industry.
Stretch Smart Infrared Therapy Franchise Insights
- The wellness industry is booming, with the U.S. infrared sauna market expected to surpass $500 million by 2025. This positions Stretch Smart to capitalize on a growing demand for innovative recovery solutions.
- Infrared therapy has been shown to reduce muscle pain by up to 50% and improve circulation, making it an attractive offering for clients managing chronic pain or athletic recovery.
How much does it cost to open a Stretch Smart Infrared Therapy franchise?
Understanding the potential investment size and capital requirements is crucial when considering opening a Stretch Smart Infrared Therapy franchise. These financial commitments, including initial franchise fees, equipment costs, and ongoing operational expenses, impact the feasibility and profitability of the venture. Thoroughly evaluating these factors ensures that potential franchisees are prepared for the financial responsibilities and can make informed decisions about their ability to sustain and grow the business, ultimately contributing to long-term success.
Min & Max Investment
Opening a Stretch Smart Infrared Therapy franchise involves several key costs, which are outlined in Item 7 of the Franchise Disclosure Document (FDD). you can see a breakdown of the costs to open a Stretch Smart Infrared Therapy below from the most recent Item 7 below:
| Type of Expenditure | Minimum Investment | Maximum Investment |
|---|---|---|
| Initial Franchise Fee | $25,000 | $25,000 |
| Pre-Opening/Grand Opening Advertising | $7,500 | $7,500 |
| Initial Lease Payments | $0 | $13,000 |
| Leasehold Improvements and Construction Costs | $10,000 | $55,500 |
| Reception Desk, Retail Displays, and Interior Signage | $3,500 | $6,000 |
| Equipment and Infrared Saunas | $27,000 | $35,000 |
| AED and First Aid Equipment and Supplies | $1,500 | $2,000 |
| Exterior Signage | $3,500 | $6,000 |
| Initial Inventory and Operating Supplies | $500 | $1,000 |
| Video and Miscellaneous Equipment | $1,000 | $1,500 |
| Computer Systems | $1,000 | $2,000 |
| Travel and Living Expenses While Training | $2,000 | $3,500 |
| Insurance Deposits | $1,000 | $2,000 |
| Business Licenses, Professional Fees, and Miscellaneous Pre-Opening Expenses | $1,000 | $2,000 |
| Additional Funds (Three Months) | $9,000 | $15,000 |
| TOTAL | $93,500 | $177,000 |
Item 7 in the Franchise Disclosure Document (FDD) is the “Estimated Initial Investment” section. It outlines the total costs a franchisee can expect to incur when starting a franchise, including the initial franchise fee, equipment, inventory, real estate, and other startup expenses. This section is crucial because it provides potential franchisees with a detailed understanding of the financial commitment required, helping them assess affordability and plan their investment strategy effectively.
Required Capital
To open a Stretch Smart Infrared Therapy franchise, the required capital involves both the initial investment costs and a net worth requirement set by Stretch Smart Infrared Therapy. Let’s take a closer look below:
- Initial Investment As shown above, the total estimated initial investment ranges from $93,500 and $177,000. This includes all the startup costs such as the franchise fee, real estate, construction, equipment, initial inventory, and additional funds for initial operating expenses. Assuming that you will finance your franchise investment, you should plan to have 20% of the total investment amount in the form of equity (cash) for the investment.
- Liquid Assets Most boutique wellness franchises require around $50,000 to $75,000 in liquid assets (cash or easily accessible funds). This ensures you can cover day-to-day expenses and manage any unexpected costs.
- Net Worth A net worth requirement of $200,000 to $300,000 is typical for franchises in this sector. This shows financial stability and the capacity to sustain the business during the initial growth phase.
How much does a Stretch Smart Infrared Therapy franchise owner make?
Calculating the salary of a Stretch Smart Infrared Therapy franchise owner involves analyzing gross sales to determine total revenue, assessing operational efficiency to understand profit margins, and accounting for franchisor fees and additional expenses such as rent, utilities, and payroll. Effective management of these factors can significantly impact the profitability and financial success of a Stretch Smart Infrared Therapy franchise owner. This comprehensive financial analysis helps estimate net profits, from which the owner’s salary can be derived. A clear understanding of these factors ensures accurate salary projections and financial planning for sustainable business operations.
Stretch Smart Infrared Therapy Revenue & Gross Sales
While recent median gross sales figures for Stretch Smart Infrared Therapy are not readily available, similar boutique wellness franchises typically show solid performance due to increasing demand for recovery, flexibility, and holistic health services.
Which key factors impact the average revenue performance of Stretch Smart Infrared Therapy franchisees?
Several factors likely contributed to the performance of Stretch Smart Infrared Therapy’s U.S. franchisee median gross sales this past year. The growing demand for wellness and recovery services has played a significant role, as more people seek effective ways to manage stress, improve flexibility, and recover from physical activity. Increased awareness and adoption of infrared therapy for its health benefits, such as pain relief and improved circulation, have likely attracted new clients. Strategic marketing efforts, customer loyalty programs, and membership-based models have helped drive repeat visits and consistent revenue. Additionally, the rise in interest in holistic wellness trends post-pandemic has benefited boutique fitness and therapy services. However, factors like inflation, labor costs, and market competition may have influenced overall performance.
Stretch Smart Infrared Therapy Franchise Operational Costs
When operating a Stretch Smart Infrared Therapy franchise, several primary ongoing operational costs are critical to consider:
- Staff Salaries Costs for certified stretch therapists and front-desk personnel to deliver services and manage client interactions.
- Rent and Utilities Leasing a suitable studio space and covering utilities like electricity, water, and climate control, especially for maintaining infrared therapy rooms.
- Equipment Maintenance Regular servicing of infrared therapy beds, stretch tables, and other specialized equipment to ensure smooth operations and customer satisfaction.
- Supplies Restocking items such as towels, cleaning supplies, and consumables for maintaining hygiene and comfort in therapy rooms.
- Technology and Software Fees Costs for scheduling systems, point-of-sale (POS) software, and client management platforms.
- Insurance Liability insurance, workers’ compensation, and property insurance to protect your business and staff.
Efficient management of these expenses is essential for maintaining profitability and high-quality service.
Stretch Smart Infrared Therapy Franchise Fees
When investing in this franchise, it’s essential to be aware of the primary ongoing fees that you’ll need to budget for. These fees ensure continued access to franchise support, marketing efforts, and operational systems.
- Royalty Fee A weekly fee equal to the greater of 7% of Gross Sales or $300, paid every Monday based on the prior week’s sales. This fee supports the franchise’s operational infrastructure and brand resources.
- Advertising Fund Contribution A weekly fee of 1% of Gross Sales (potentially increasing to a maximum of 3%), also due on Mondays. This supports national and regional marketing efforts to maintain brand awareness and drive customer traffic.
- Additional Fees Be prepared for potential extra costs related to local advertising requirements, training, technology updates, or compliance with franchise standards.
Staying informed about these fees helps you plan effectively and maintain smooth financial operations for your franchise.
Stretch Smart Infrared Therapy Franchise Earnings
While specific earnings data may not be available, based on typical performance in the boutique fitness industry, franchise earnings for an owner-operator can vary significantly depending on factors like location, customer base, and operational efficiency. If the franchise’s median gross sales are strong, owner-operators who actively manage their businesses tend to see higher net profits due to reduced labor costs and hands-on quality control. Maximizing profitability typically relies on maintaining high membership retention rates, managing expenses effectively, and engaging with the community to build a loyal customer base.
How to Open a Stretch Smart Infrared Therapy Franchise
Becoming a Stretch Smart Infrared Therapy franchisee is a rigorous process that involves financial scrutiny, extensive training, and thorough evaluation.
The full process for how to open a Stretch Smart Infrared Therapy franchise is outlined below:
- Initial Inquiry You or your franchise specialist submits an initial inquiry basic information about your interest and background. You should also conduct thorough research on the franchise, including seeing all of the information available on the Vetted Biz franchise intelligence platform, including access to the most recent Franchise Disclosure Document (FDD).
- Introductory Call Participate in an introductory call with a franchise representative to discuss your background, interests, and investment capacity. This call helps both parties assess mutual fit and allows you to ask preliminary questions.
- Franchise Application Submit a formal application detailing your financial status, experience, and business goals. The franchisor will review your eligibility and qualifications to move forward.
- Discovery Day Attend a Discovery Day at the franchise headquarters or a nearby location. Meet the leadership team, experience the business operations firsthand, and gain deeper insights into the company culture and support system.
- Franchise Agreement Signing If approved, sign the Franchise Agreement and pay the initial franchise fee. This formalizes your commitment and secures your franchise rights and territory.
- Site Selection & Lease Negotiation Work with the franchisor’s real estate team to identify a suitable location. The team may help negotiate lease terms to ensure the location meets brand standards and market needs.
- Training Program Complete the initial training program, which typically includes operational procedures, customer service, marketing strategies, and technology systems. Training may be conducted in-person, online, or on-site.
- Build-Out & Setup Begin the build-out process for your franchise location, including design, equipment installation, branding, and technology setup. Ensure everything aligns with the franchisor’s specifications.
- Pre-Opening Marketing & Staffing Launch pre-opening marketing campaigns to generate local buzz and attract customers. Hire and train staff with guidance from the franchisor to ensure they are prepared for launch day.
- Grand Opening & Operations Launch Host your grand opening with support from the franchisor. Begin serving customers, implementing your training, and leveraging ongoing support to ensure smooth operations and long-term success.
Pros & Cons
Pros
Growing Industry Demand: The wellness and boutique fitness industry is expanding rapidly, with more people prioritizing health, flexibility, and recovery services.
Innovative Concept: Combines assisted stretching with infrared therapy, offering a unique and appealing service that stands out from traditional fitness studios.
Cons
Niche Market: The specialized nature of assisted stretching and infrared therapy may limit the customer base compared to broader fitness concepts.
Competitive Landscape: Competing wellness and fitness brands may offer similar recovery and wellness services, making differentiation critical.
Dependence on Location: Success relies heavily on securing a prime location with health-conscious demographics and sufficient foot traffic.
Brand Recognition: If the franchise is newer or has limited locations, it may not have the established reputation of larger fitness brands.