Anyone ready to own a business that doesn’t want to start from the ground up is right to consider investing in a franchise. It’s a means to become an entrepreneur with true support from others in your network. And you’re essentially purchasing a business that’s already functional in every area of need. Rather than trying to establish a business model, brand, and service offerings alone, you’re taking advantage of time-tested procedures.
How the Franchise Model Works
After going through the initial stages of investing, you (the franchisee) own the rights to the business name of another company (the franchisor, in this case The Covery Wellness Spa). You’ll be able to market and provide services for your territory over a fixed period, with assistance for:
- Technology systems training and software selection
- Studio design and equipment layout
- Marketing and educational materials
- Pre-opening operations and sales
- Real estate selection
4 Factors to Consider Before Becoming a Franchisee
Your Interests & Skillset
Perhaps the clearest indicator that a franchise is the right one for you is whether you’re passionate about the service offerings. At The Covery Wellness Spa, we look for people who share values in health, wellness, and using knowledge to help others. Well-being is for both the body and mind, and you would be a part of a network where all services speak to that.
While a background in business, management, or medical experience is not a requirement, it is useful. Ideally, you’re someone who appreciates the proven processes we’ve honed over the years and are eager to start scaling your business.
Management Style
You probably enjoy having nights, weekends, and holidays off. But at the same time, you’re an active owner-operator who searches for ways to continue strengthening the brand. We’re a creative team that shares ideas and collaborates for the improvement of our businesses.
Investment
Unlike starting a business from scratch, becoming a franchisee means capital is invested as:
- The training you’ll receive
- Equipment and inventories
- Licensing rights and leasing contracts
- Technology and marketing efforts
- Furniture and fixtures
Some of these investment costs are set, while many others range depending on your needs and preferences.
Consumer Demand
In an industry that evolves, The Covery Wellness Spa stays ahead of the competition by remaining flexible with services and understanding trends. One thing to research before purchasing a franchise location is the competition within your desired territory. With a national network of franchisees, we understand these market variations and are happy to help you find the best location to open your wellness spa doors.
