Massage Envy Spa is the Number One Franchise

One way of owning your own business is to buy into a franchise. For people who have management experience but not a unique product or service idea, a franchise is a good way to be your own boss, while selling a product or service that has shown some success. If you decide to go the franchising route, you have many options. You can decide to enter an industry in which you already have some experience or knowledge such as fast food, printing, hair salons or maintenance services. You can also select an industry in which you have some interest but no specific experience. Within both of these realms, you will want to choose a company that is experiencing high growth and success. Into this category would fit Massage Envy Spa.

Recently, Forbes magazine rated Massage Envy Spa as the number one franchise in the US. Franchise rankings can depend on a number of criteria, including growth rate and number of overall locations. In addition, franchises tend to be segmented by entry costs. Massage Envy Spa was number one in the over $500,000 entry category. The company has over 1000 locations across the country and is growing fast.

Prospective franchisees will be interested in the following information:

• An ideal candidate has a minimum of $500,000 net worth and $150,000 in liquid assets.

• There are several fees associated with owning a location. For example, there is a $45,000 charge for the first site and $35,000 for additional ones.

• Depending on the real estate costs, initial investment ranges from $330,000 to $825,000.

• Sites average $1.3M per year in revenue.

• The company provides a high degree of support to its franchisees.

Because of the general interest in stress reduction and health, a massage franchise could be a good source of income for you over the next several years.