Hand & Stone Franchise Opportunities
Hand & Stone Massage and Facial Spa is a chain of franchised massage spas in the United States founded in 2004 by John Marco. The spa offers various massages including Swedish massage, hot stone massage, couples massage, foot massage and facials.
In 2017, the company was the second largest massage franchise, behind Massage Envy, operating 307 locations. As of 2018, Hand & Stone Massage and Facial Spa owns and operates 353 franchises in the United States and 26 ones outside the country.
How to open a Hand & Stone franchise?
- Ensure you have adequate capitalization.
In order to open a Hand & Stone franchise, you must have a net worth of more than $500,000.
- Appreciate the investment required for a massage spa franchise.
You will need to consider building and real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc.
- Evaluate your prior experience and strengths.
You should thoroughly evaluate your prior business experience before applying to become a Hand & Stone franchise owner.
- Assess market availability.
Hand & Stone Massage & Facial Spa franchise opportunities are available across the US. You should reach out so that Franchisor can talk about available areas near you.
- Submit your application.
Your application will be reviewed by the Hand & Stone franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner.
- Receive approval & opening your Hand & Stone franchise.
You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners.
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How much does Hand and Stone franchise cost?
Hand and Stone has the franchise fee of up to $39,000, with total initial investment range of $500,574 - $604,338.
Initial investments: $500,574 - $604,338
Net-worth Requirement: $650,000
Liquid Cash Requirement: $150,000
Initial Franchise Fee: $39,000
Ongoing Royalty Fee: 5 - 6%
Ad Royalty Fee: 5%
On-The-Job Training: 85 hours
Classroom Training: 57 hours
Additional Training: At existing location
Number of Employees Required to Run: 12 - 15
Hand & Stone Franchise Info: https://handandstonefranchise.com
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