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
- $700,000 Minimum Liquid Assets
- $1,000,000 Minimum Net Worth
- $1,396,897 to $2,362,969 ** Estimated Initial Investment
Investment Cost
-
Type of
ExpenditureMinimum Investment
Maximum Investment
-
Initial Franchise Fee
$60,000
$60,000
-
Site Evaluation Services
$2,000
$3,500
-
Security Deposit and Rent
$22,679
$55,783
-
Leasehold Improvements
$645,182
$921,700
-
Architectural Fees
$34,700
$38,500
-
Permits
$7,500
$12,500
-
Signage
$21,648
$39,274
-
Fixtures, Furniture, and Equipment
$349,848
$476,585
-
Initial Inventory
$53,965
$151,877
-
Business Licenses
$250
$1,000
-
Initial Training Fee
$5,000
$5,000
-
Training Expenses
$3,000
$5,000
-
Business Licenses and Permits
$250
$1,000
-
Initial Training Fee
$5,000
$5,000
-
Training Expenses
$3,000
$5,000
-
New Location Launch Program
$10,000
$10,000
-
Professional Services
$3,000
$10,000
-
Insurance
$4,625
$7,250
-
Computer and IT Systems and Components
$58,500
$70,000
-
Grand Opening
$5,000
$5,000
-
Additional Funds for the start-up phase (For Initial 3-Month Period)
$50,500
$150,000
-
Development Fee (Due upon signing Development Agreement)
$60,000
$340,000
-
TOTAL
$1,396,897
$2,362,969
