What it Takes to Own a Woodhouse Spa
Investment and Financial Requirements
As a franchise owner, you benefit from brand recognition, a proven model, franchise training, and so much more in exchange for an investment in your business. To help you understand what you’ll need to get started on a Woodhouse Spa franchise of your own, we’ve outlined the financial investment expected for your first spa location. While we don’t offer financing ourselves, we can provide you with guidance and connect you to funding solutions.
Financial Qualifications
- $500,000 Minimum Liquid Assets
- $1,000,000 Minimum Net Worth
- $1,486,677 - $2,592,081** Estimated Initial Investment
Investment Cost
-
Type of
ExpenditureMinimum Investment
Maximum Investment
-
Initial Franchise Fee
$55,000
$55,000
-
Fixtures, Furniture, and Equipment
$318,650
$473,650
-
Computer Systems
$58,000
$70,000
-
Additional IT Components and Labor
$1,200
$1,800
-
Security Deposit and Rent
$38,500
$73,500
-
Leasehold Improvements
$758,920
$1,419,761
-
Signage
$20,000
$27,000
-
Business Licenses and Permits
$250
$1,000
-
Space Planning and Architectural Fees
$37,500
$47,000
-
Training Expenses
$8,000
$10,000
-
Professional Services
$3,000
$10,000
-
Insurance*
$16,000
$32,000
-
Grand Opening
$15,000
$15,000
-
Initial Inventory
$46,000
$92,000
-
Additional Funds for Start-Up Phase*
$108,375
$257,378
-
Development Fee (not included in the total)
$35,000
$35,000
-
TOTAL
(*3 month period)$1,486,677
$2,592,081