How much does a Restore Cryotherapy franchise cost?
- Initial Franchise Fee: $44,500
- Total Investment: $480,516 to $942,181
- Working Capital: $12,500 to $18,750
- Royalty Fee: 7.0%
Full Answer
What is the franchise fee?
How long is a franchise agreement?
What Might Make a Restore Hyper Wellness a Good Choice?
What is the purpose of royalty fee?
Do franchisors have in-house financing?
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About this website
How many ReStore franchises are there?
Restore now has more than 150 U.S. locations and more than 600 locations under development in the country.
How much does it cost to run a franchise?
Franchise startup costs can be as low as $10,000 or as high as $5 million, with the majority falling somewhere between $100,000 and $300,000. The price all depends on the industry, location and type of franchise.
Who is the owner of ReStore?
Jim DonnellyJim Donnelly is co-founder and CEO of Restore Hyper Wellness, an Austin-based franchise of retail locations providing rehabilitative services such as cryotherapy and IV drips. Jim Donnelly leads a company that combines hyper wellness and hyper growth.
How much do franchise owners get paid?
The largest fee is made upon initial buy-in of the franchise and requires a large sum of upfront cash. Then, most franchisors will collect royalty fees in percent or fixed form. Percent fees are based on total gross sales and are usually between 5 – 9%.
What franchise makes the most money?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.
What is the best and cheapest franchise to open?
What are the cheapest franchises to buy?Cruise Planners. Franchise fee: $10,995. ... Jazzercise. Franchise fee: $1,250. ... Help-U-Sell Real Estate. Franchise fee: $15,000. ... United Country Real Estate. Franchise fee: $8,000 to $20,000. ... Stratus Building Solutions. ... Anago Cleaning Systems. ... JAN-PRO. ... Dream Vacations.
How many locations does restore cryotherapy have?
We make the world's most cutting-edge wellness services available at 125+ locations nationwide.
Who is the CEO of Restore Hyper wellness?
Jim DonnellyI'm Jim Donnelly. I'm the CEO and co-founder of Restore Hyper Wellness.
When did restore Hyper wellness start?
2015About Restore Hyper Wellness® Launched in Austin, Texas in 2015, Restore Hyper Wellness is the award-winning creator of an innovative new category of care—Hyper Wellness®. Restore delivers expert guidance and an extensive array of cutting-edge wellness modalities integrated under one roof.
What is the most profitable franchise to own in 2022?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How often do franchises fail?
A five-year study by the franchise consulting firm FranNet reported that 92 percent of their franchise placements were still in business after two years and 85 percent after five years. Because yes, sometimes franchise businesses can rise and fall like independently owned companies.
Is owning a franchise a full time job?
Buying a franchise doesn't have to mean making a full-time commitment. Believe it or not, there are many franchises that can be run on a part-time basis, especially when you first start out.
Does it cost $10000 to own a Chick-fil-A franchise?
While operating a Chick-fil-A restaurant requires a relatively modest $10,000 initial financial commitment ($15,000 CAD in Canada), it requires a holistic commitment to own and operate the business in a hands-on manner. We are in the restaurant industry - the quick-service restaurant industry, at that.
Why does it only cost 10k to own a Chick-fil-A?
The franchisee only pays the $10k franchise fee. Chick-fil-A pays for (and retains ownership of) everything — real estate, equipment, inventory — and in return, it takes a MUCH bigger piece of the pie. While a franchise like KFC takes 5% of sales, Chick-fil-A commands 15% of sales + 50% of any profit.
What does a KFC franchise cost?
For non-traditional KFC outlets, KFC charges an initial license fee of $22,500. For traditional KFC franchise agreements, the franchise (or initial license) fee is $45,000 split into the deposit fee and the option fee.
What is McDonald's franchise fee?
McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee. Those looking to launch a new McDonald's franchise can expect to shell out between $1,314,500 and $2,306,500. Existing franchise prices can cost upwards of $1 million or more.
Restore Hyper Wellness' Initial Franchise Fee, Royalty Fee + 21 Other ...
Detailed Information on Restore Hyper Wellness’ Initial Franchise Fee, Royalty Fee + 21 Other Fees (Items 5 and 6, 2021 FDD) 1. Development Fee: $20,000 to $42,000 per Center, depending on the number of Centers to be developed If Restore grants you multi-unit development rights for the development of 3 or more Restore Centers under a Multi-Unit Development Agreement, you must pay a standard ...
Restore Franchise Cost & Fees | How To Open | Opportunities And ...
Restore franchise was founded in 2014 in the USA. It is a chain of health and wellness centers which specialize in pain management and helping people to recover after injuries and stress.
Investment — Restore Hyper Wellness - Franchising
FEES Franchise* $44.5k Brand Fund 2%/mo Royalty 7%/mo Technology $600/mo *One-time franchisee fee. Restore Hyper Wellness also offers multi-unit development discounts
How much does a Restore Cryotherapy franchise make?
As with any business, profits from a Restore Cryotherapy franchise depend on a variety of factors. Typically, profits are proportionate to the size of investment. Demand for your products, labor costs, commercial lease rates and a number of other variables also play a huge role in your bottom line. For system-specific data, unlock this franchise .
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 25 franchised Restore Cryotherapy locations in the USA.
How many ServiceMaster restore locations are there?
ServiceMaster Restore has over 50 years of experience and there are more than 4,300 ServiceMaster Restore and ServiceMaster Clean locations around the world. Being a leading brand in both the residential and commercial space means incredible opportunity for franchisees to capture numerous revenue streams. We provide residential and commercial clients with flood damage restoration, mold remediation, fire damage restoration, smoke and soot repair, and post-loss reconstruction. Our unique 866 RECOVER service provides commercial clients with emergency disaster recovery help in just 2 to 4 hours.
What is ServiceMaster Restore?
ServiceMaster Restore is a ServiceMaster ® company. ServiceMaster encompasses several highly recognized brands and has 65 years of franchise experience. Through our affiliate, the ServiceMaster Acceptance Company (SMAC), we can finance up to 80% of the initial franchise fee, equipment costs, and supply costs to help you start your business.
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Restore 24-7 franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Franchise 500 Ranking History
Compare where Restore 24-7 landed on this year’s Franchise 500 Ranking versus previous years.
What is the franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
How long is a franchise agreement?
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
What Might Make a Restore Hyper Wellness a Good Choice?
When you sign a contract with Restore Hyper Wellness, it lasts for around one decade and is renewable for a sum. The brand has extensive partnerships with third-party lenders that can help you finance startup costs, equipment, inventory, and payroll. With free marketing support such as SEO, online marketing, social media, and website development, you may always have help from the company to assist your franchise.
What is the purpose of royalty fee?
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
