1. Why invest in a health and wellness franchise over other industries?
Health and wellness is a multitrillion-dollar industry and growing. That’s a big market for you to tap into. To be a successful health and wellness franchise owner, you need a desire to help people live pain-free lifestyles. We marry our franchise owners’ desire to help customers with their drive for financial prosperity. Relax The Back is unlike any other franchise opportunity. You could invest in a food or service franchise, but health and wellness offers much higher profit margins. Why sell hundreds of sandwiches when you could sell one ergonomic chair and bring in the same profits?
2. What is your franchise fee?
The franchise fee is $29,500 with incentives for additional locations.
3. What is my initial investment?
The initial franchise fee for a Relax The Back location is $29,500. The estimated investment in a Relax The Back franchise runs from $221,000 to $351,200. This includes the franchise fee, inventory, working capital and additional funds for six months of operation. Learn more about the financial logistics of owning a franchise on our Investment And Financing page.
4. Is financing available?
Yes. While Relax The Back does not provide direct financing, many banks have programs available to deliver financing for franchise opportunities. We will provide the names and contact information of financial institutions, and franchisees meeting certain requirements may qualify for special funding. Relax The Back is listed on the Franchise Registry, which provides a streamlined process for an SBA-backed loan. We are unable to estimate your ability to secure financing and cannot predict the terms of any such financing. We do not receive payment for assisting you in applying for such financing, nor can we guarantee your note, lease or other obligations.
5. How much can I expect to make from my franchise?
Income from each Relax The Back store varies based on many variables, including market size, demographics, efforts made by owners, competency and economic factors. Once you’ve successfully completed your application and an initial interview, you will receive our Franchise Disclosure Document (FDD), which contains a section titled “Financial Performance Representations” (Item 19). The FPR discloses store-level financial information for a percentage of our stores.
6. How much do I pay in royalties, and how often?
To get you started, Relax The Back has a graduated royalty rate of 2-5% based on adjusted gross sales for the first two years. Starting in your third year of franchise ownership, there is a flat 5% royalty on adjusted gross sales. Royalties are due monthly. Each additional store you own will pay 3% for the first 6 months; 4% thereafter.
7. What percentage do I pay for advertising, and what does that money cover?
2% of monthly adjusted gross sales is payable to the National Marketing Fund. The Marketing Fund covers such items as catalog production and allocation based on sales, maintenance of individual store websites, Facebook, Google+ pages and local listing sites. You are required to spend an additional 4% in your local market to drive traffic to your location.
8. Do I need previous retail experience?
Retail experience is not needed. Our owners come from a variety of backgrounds. They are enthusiastic, financially stable, passionate people with the desire to own their own business and work hard for its success. Bring your energy and open mind, and we’ll give you the rest.
9. How long will it take before my Relax The Back store opens?
We estimate 4-12 months from the signing of your franchise agreement. The length of time depends on the store location you select and your ability to secure funding.
10. Do you offer site selection assistance?
Absolutely. Our Real Estate Manager guides you through site selection and lease negotiation, including on-site real estate visits to tour the market and find the best location for your new Relax The Back store.
11. What support does Relax The Back offer to franchise owners?
Our support is ongoing and thorough. From initial setup and training to your long-term franchise support needs, Relax The Back is with you every step of the way. Visit our Training And Support page to explore the variety of tools we provide to enable your success.
12. What are the minimum financial requirements to qualify?
The ideal Relax The Back franchisee has a minimum net worth of $500,000 and minimum liquid assets totaling $100,000.
13. What is the next step?
If you meet the qualifications and are passionate about owning a franchise in a high-growth market, Relax The Back may be the right franchise opportunity for your future. Complete the Request Info form to learn more about franchise ownership and to begin the process.