New franchise is UV-Free and hits bank financing sweet spot
NEW ORLEANS, Sept 14 // PRNewswire // -- Planet BeachÂ® Franchising Corporation, a recognizable leader in the health, wellness and beauty industry, has launched a lower investment version of its successful Contempo Spaâ„¢ franchise.
The new version of the Planet Beach Contempo Spa model has a lower franchise fee, half the total investment and lower build out costs than the current version. These franchises are designed specifically for smaller spaces and do not include traditional UV-therapy, a first for Planet Beach.
"In today's challenging times, many people are looking to change careers and start businesses but don't have the cash to open a larger business; bank financing for more expensive franchises is harder to come by," said Tiffany Lassiegne, President of U.S. Operations for Planet Beach Franchising Corporation. "We designed this version of the Contempo Spa specifically to make it easier for potential franchisees in today's market to open."
A Planet Beach Contempo Spa is a unique spin on traditional day spas: customers pay a monthly membership fee for spa services in a private room with fully automated, push-button machines performing the spa and wellness treatments. The Contempo Spa concept was the first of its kind when it was launched in 2005; and Planet Beach now has over 300 locations worldwide.
Despite the recession, the day spa industry is thriving. The number of spa locations has grown an average of 20% each year, according to the International Spa Association. In the United States, total spa industry revenues grew 32% from 2005 to 2008, to $12.8 billion, spa visits increased 22% over the same period, to 160 million. Spa-goers want flexibility and shorter treatments, which the Contempo Spa delivers.
The new Contempo Spa offers some of the same popular day spa treatments available in larger franchises: massages, guided meditation, detoxifying sauna treatments, body hydration stations, the Lumiere facial, Mystic sunless tanning, teeth whitening and red-light therapy. Launching a Planet Beach Contempo Spa now requires as little as $40,000 in up-front cash with a $10,000 single-unit franchise fee. Total investment is well under $200,000 and new franchise owners can lease much of the required equipment.
SOURCE Planet Beach Contempo Spas