Equity Partner Needed - New Health & Wellness Franchise

Equity Partner Needed - New Health & Wellness Franchise

Initial Fee:N/A

Capital Req'd:$50,000

Equity Partner Needed - New Health & Wellness Franchise

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Startup Description

Growing Demand, No Competition, Recurring Revenue!

A major franchisor in the membership massage spa category is rolling out a new franchise based on the growing float spa concept. Called The Float Company, the business model is membership based for recurring revenue and features a small retail footprint, a beautiful but affordable build-out, and minimum labor – 3 to 4 employees only.

Popularized in the movie “Altered States”, float or isolation tanks were first developed in the 1970’s. The user floats in about 8” of skin temperature water, containing over 1000 lbs. of dissolved Epsom salts. Once the lid is closed the client essentially is in isolation tank devoid of light and sound (other than optional music). After about 30 minutes the user reaches a semi-conscious meditative state. Upon waking after 60 minutes the user feels incredibly refreshed, rested and hyper focused. Any aches, pains, or stiffness are greatly relieved by the Epsom salts. Relatively unknown just a few years ago, interest in floating has exploded. Dr. Oz talks about the technology often on his show, many major sports teams have them in their locker rooms, and sports stars such Tom Brady and Stephan Curry float regularly to help them maintain their elite performance levels.

A serious player in membership massage spas has launched this new franchise featuring the next generation float pods. Using the membership model, the spas will generate significant monthly recurring revenue and will occupy a small retail footprint which results in affordable start up costs and low rents. Best of all, float spas run much like a tanning spa - mostly credit card revenue and very minimal labor. One person staffs the store during normal hours, two during peak periods.

Two experienced owner-operators who own several franchise businesses, including food and health and wellness concepts, have been given the opportunity to open this new franchise in S.E. Michigan. They are seeking equity partners to help open the first two stores within the next 4 months. There are currently no float spa franchises operating in S.E. Michigan, just one 'mom & pop' in the Detroit metro area and another in Ann Arbor. This is an opportunity to be investor in the next OrangeTheory.

Detailed Information

This is a new franchise seeking equity partners to finance the opening of the first two stores.
At this time S.E. Michigan is a wide open market with virtually no competition. S.E. Michigan loves and frequents health and wellness concepts including membership massage spas such as Massage Green and Massage Envy, major membership gyms such as L.A. Fitness and Planet Fitness, and new health and wellness concepts such as CryoSpas and Interval Training studios such as OrangeTheory. The potential for success with this new, powerful wellness technology is nearly unlimited.
Explanation of Fees and Payments:
We are putting together a syndicate of $400,000 to build the first Float Company location in S.E. Michigan along with a license for a second location.
Support & Training:
As equity partner, you will not be required to operate the stores.

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Startup Listed By:
David Schmier

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