Spa franchises offer softer avenue for workforce leaving the ‘rat race’
Call it ‘quiet quitting’ or retirement, layoffs or outsourcing. Finding oneself with a stagnant cash flow and no job title can be unsettling. Many who have been caught in these cross-hairs are now saying the imagined freedom has left them wanting some enterprise to fill their days, their social calendar or their financial portfolios. Fortunately, spas are not only sought after by consumers looking for quick wellness. Spa franchises quickly and efficiently duplicate their success making them an ideal choice for investors seeking easily scalable businesses with certain prestige and sound profitability.
Prestige of spa ownership is alluring
Retiring early also can lead to an identity crisis for many who feel more than a little lost without a job title to define themselves, according to the financialsamurai.com June 2024 article The Dark Side Of Early Retirement. Retiring young also can lead to nagging worries about running out of money and the lack of options available should they find themselves forced to re-enter the job market with outdated skills at an advanced age following a prolonged hiatus. USA Today reported in January that nearly two-thirds of employees had not intended to retire before age 67, but many are forced out of the jobs without the $ 1.8 million experts say is needed to retire comfortably.
Owning a franchise capitalizes on the latest innovations in personal care may bridge the financial shortcomings for those who relied solely on employment income and fill existential gaps for those who missed being part of a team endeavor. Whether they need cash flow or a raison d'être, spas may be just the shot in the arm many are looking for. From IV hydration and oxygen bars to luxurious lashes and massage therapies, personal services are performing lucratively with appealing ascetics and low-key sweat equity while outpacing many other sectors.
Franchisors at dermani MEDSPA boast that franchise owners can spend as little as 15 hours a week just tending to key decision making while a slim staff of registered nurses administer sought-after services including skin rejuvenation and hair removal. With just a $49,000 franchise fee and subscription-based clientele, it is easy to see how their reports of gross revenue for franchise locations ranging from $500.000 to $1,000,000 would result in a tidy profit with a minimum of effort for the owner.
Global Market Value for Medical Spas expected to nearly double in next 5 years
Franchises seem to be impervious to economic upheavel, The Franchise Consulting Company CEO Nick Neonakis pointed out during a recent ‘Town Hall’ meeting. Statistics compiled in the 2023 Franchising Economic Report by the International Franchise Association prove his point. The association asserted ‘the economic uncertainty initiated by the COVID-19 pandemic highlighted the many benefits of the franchise business model.’ According to the IFA, 50% of franchisees said they were better able to navigate inflationary pressures and other pandemic-era business challenges thanks to the support of their franchise network. Specifically, personal services was expected to continue growth by more than 2% while other sectors cooled significantly. During that same time, stocks fell to record lows and are now even worse, according to ABC news.
Spa franchises are in high demand
Generating a reliable revenue stream is important at any age as is maintaining a sense of purpose. But not everyone is equipped to bear strenuous physical effort, or have medical degrees or have access to large outlays of cash. Those reasons make personal service franchises, like many offered by FCC, so very attractive to a diverse population of entrepreneurs. Spas require little or no heavy lifting and come with a status in the community that many owners seek.
For example, Live Hydration Spa, provides an inviting spa environment with a cutting-edge product offering that gives an owner options to be as involved as they care to be in day-to-day operations or community outreach. Even an absentee manager may want to drop by to enjoy the benefits of the beauty and health treatments. With a franchise fee of less than $50,000 and a comprehensive live coaching program, launching the first location in is easier than most can imagine because the business plans include the administrative support needed for easy staffing, smooth merchandising and marketing, and methods of operation already proven successful.
“In recent years, IV therapy has gained traction as a powerful wellness tool — a quick, efficient, and effective catalyst for boosting hydration, delivering essential nutrients, and supporting overall health,” according to a July 2024 nyweekly.com health article. “Ultimately, Live Hydration Spa is rooted in a genuine desire to help people achieve better health and wellness through education and empowerment. As the IV therapy industry continues to evolve, its leadership and dedication will undoubtedly play a crucial role in shaping the industry’s future.”
About the Author
Robyn Deering is a franchise consultant based in southwest Florida who excels in combining strategic insights with action plans. A Marine Mom, Robyn takes special pride in supporting veterans transitioning to civilian business ventures. Contact Robyn at
Robyn@TheFranchiseConsultingCompany.com.
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