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Costs Involved With Opening Your Own Woodhouse Day Spa
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| Initial Franchise Fee |
$35,000 |
| Spa Menus |
$1,750 |
| The Spa Menus are purchased from us at $1.75/menu.
This estimate is based on purchasing 500 menus. |
| Spa Franchise Kit |
$3,250 |
| The Franchise Kit is purchased from us and includes
business cards, letterhead, thank you cards, envelopes and other
branded materials. |
| Uniforms |
$720 |
| The uniforms are purchased from us for $68/uniform.
The uniforms are made specifically for The Woodhouse. |
| Retail Promotional Items |
$1,915 |
| Market Research Study |
$800 |
| Building and Land |
Varies |
| The Woodhouse Day Spas are located in downtown
commercial buildings, historical homes, or retail locations
such as lifestyle centers, depending on the individual market.
You may lease or purchase the building. The size of your spa
will range between 2,500 and 8,000 square feet. |
| Construction/Renovation |
$50,000 to $300,000 |
| This estimate is for the total construction/renovation
cost of a Woodhouse Day Spa, excluding the cost of architectural
plans and building permits which vary due to wide variations
in building and site conditions. We provide blueprints and work
directly with your general contractors during the build-out
phase. |
| Furniture/Fixtures/Signage |
$70,000 to $86,000 |
| This amount includes the cost of the furniture,
fixtures, equipment, décor items, and signage for your spa.
We prepare purchase orders for all of the initial items based
on the layout of your spa. We also place the orders for you
when construction begins. |
| Initial Training Costs |
$1,705 to $2,500 |
| We provide initial training to the franchisee,
General Manager and Spa Coordinator at no additional charge.
Therefore, this amount includes only your out-of-pocket costs
for the training of these people. You will be responsible for
all expenses you or your employees incur in the initial training
program such as travel, lodging, meals and wages. |
| Computer Hardware and Software |
$6,000 to $7,500 |
| This amount includes the cost of computer hardware
and software that you must use in the operation of your spa,
a one-time Elite software network license fee of $875 for up
to 5 computers and the $75 Elite software license fee for the
first month of operation. Typically, there are 2 Dell computers
used in the operation of your spa. |
| Initial Inventory/Supplies |
$36,000 to $40,000 |
| This estimate includes the cost of retail and
professional inventory and office supplies paid directly to
our approved vendors. |
| Professional Services |
$1,500 to $5,000 |
| This estimate is to establish an entity and review
of the franchise documentation and paid directly to your accountants
and attorneys. |
| Promotional Expenses |
$2,500 |
| You must spend at least $2,500 on the Spa’s grand
opening party and promotion. |
| Insurance |
$2,500 to $4,000 |
| This amount represents an estimate of the down
payment on your annual insurance premiums. |
| E-Commerce Set-Up |
$1,805 |
| If you elect to offer and sell Woodhouse products
through your Spa’s website, the one-time set up fees is $1,750
plus the maintenance fee of $54.95 for the first month of operation. |
| Additional Funds |
$75,000 to $100,000 |
| This is an estimate of working capital during
the start-up phase for payroll, rent, supplies and other monthly
expenses. |
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Total
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$290,445 to $592,740
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