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StretchLab

Why Choose StretchLab? StretchLab is a leading name […]

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Franchise Costs and Requirements

Franchise Details

Year Established: 2018
Category Locations: Retail
Available Ownership Type: Executive,Semi-Absentee
Corporate HQ City: Irvine
Corporate HQ State: California
Investment Range: $162,575
Canada Franchising: Yes
Latin America Franchising: Yes
India Franchising: Yes
Franchise Fee: $60,000
Royalty Percentage: 7%
Veteran Discount: Yes
E2/EB5 Visas: Yes
Master Franchise Opportunities: Yes

Background

StretchLab Franchise: A Growing Opportunity in the Wellness World

Why Choose StretchLab?

StretchLab is a leading name in assisted stretching, offering a unique and effective way to improve flexibility, reduce pain, and boost overall well-being. Since starting in 2015, they've grown to over 300 studios in North America and over 800 locations worldwide, making them a popular choice for people looking to start their own business.

Here's why a StretchLab franchise could be a good fit for you:

  • Strong Brand Recognition: StretchLab is well-known and has a loyal customer base, meaning you'll benefit from their existing reputation and attract customers more easily.
  • Steady Income: StretchLab memberships offer a predictable income stream, making it a stable and reliable business model.
  • Lower Costs: Compared to other fitness franchises, StretchLab requires less equipment and inventory, which keeps your operating costs down.
  • Expert Support: StretchLab provides comprehensive training and support to help you succeed. You'll have the resources and guidance you need to launch and run your franchise.

Is StretchLab Right for You?

To become a StretchLab franchisee, you'll need a minimum of $100,000 in liquid capital and a net worth of $350,000. You should also have experience in sales, marketing, or management and be passionate about the health and wellness industry.

Key Benefits for Franchise Owners:

StretchLab offers a variety of franchise models, including traditional studios, mobile units, and pop-up locations. On average, a StretchLab franchise generates over $629,000 in annual sales. They've been recognized by well-respected publications like Inc. Magazine and Entrepreneur Magazine as a top franchise opportunity.

If you're looking for a rewarding and profitable business opportunity in the growing wellness sector, StretchLab is definitely worth exploring.

Support & Training offered by StretchLab

StretchLab Franchise Support: Your Path to Success

Starting a business can be daunting, but StretchLab is committed to making your journey as a franchise owner smooth and successful. They offer a comprehensive program designed to equip you with everything you need to open and run a thriving StretchLab studio.

Pre-Opening Support: Setting the Stage for Success

Before you even open your doors, StretchLab provides invaluable support to help you get started on the right foot:

  • Prime Location, Prime Terms: StretchLab's experienced real estate team assists in finding the perfect location for your studio and negotiating favorable lease terms.
  • Studio Design & Construction Made Easy: They provide detailed studio design plans and guide you through the construction process, ensuring a professional and inviting space.
  • Equipment: Top Quality, Competitive Prices: Leverage StretchLab's national vendor relationships to secure top-quality equipment at the best prices.
  • Building Your Team: StretchLab assists with hiring qualified professionals – Flexologists (stretch therapists), General Managers, and Sales Associates – to ensure your team is ready to deliver exceptional service.
  • Technology and Software Setup: They help you get the right technology and software in place for smooth operations and efficient management.
  • Marketing and Launch Plan: Collaborate with StretchLab's marketing experts to create a customized launch plan that will attract customers in your local market.

Training: Building Your Expertise

StretchLab provides comprehensive training to empower you and your team with the knowledge and skills needed to excel:

  • Franchisee Training: Attend a 3-day intensive program at StretchLab's headquarters, covering business operations, sales, marketing, and leadership skills.
  • Staff Training: Your team will receive thorough training on assisted stretching techniques, exceptional customer service, and sales strategies.
  • Ongoing Support: Stay ahead of the curve with weekly and monthly webinars covering topics like marketing, operations, and employee management.
  • Connect and Learn: Attend the annual Franchise Convention to network with other franchise owners and gain valuable insights from industry experts.
  • Personalized Guidance: Benefit from one-on-one support from dedicated Franchise Business Consultants who will provide tailored guidance and address your specific needs.

Additional Support: Continuous Growth

StretchLab continues to support you throughout your franchise journey, offering resources and tools to help you succeed:

  • Ready-to-Go Marketing Materials: Access a library of professionally designed marketing materials, operational manuals, and best practices guides.
  • Field Support: Regional field representatives will visit your studio regularly to provide ongoing support and guidance.
  • Performance Tracking: Monitor your studio's performance with detailed dashboards and reports to identify areas for improvement.
  • National Buying Power: Benefit from StretchLab's national buying power to get discounted equipment and supplies.

StretchLab's comprehensive support and training program is designed to help you succeed in the growing assisted stretching market. They are your partner, guiding you every step of the way and maximizing your chances of success as a franchise owner.

Additional Information

Category Location Retail
Number of Units Open
Investment Range $162,575 - $333,875
Master Franchise false
Home based franchise YES
Item 19 Franchise YES
Veteran Discount YES
Franchise Opportunities in Canada YES
International Franchise Opportunities
E2/EB5 Visa Franchise YES
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