How to Start a StretchLab Franchise

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StretchLab is the main assisted stretching model, providing one-on-one and group stretch companies for all ages and health ranges. With heightened client consciousness and demand in restoration for holistic wellness, the StretchLab health idea affords shoppers extra methods to scale back their threat of damage, regain mobility, enhance flexibility vary of movement and reclaim their freedom.



StretchLab

There aren’t any gimmicks or difficult gear, simply a easy, contemporary resolution for everyone it doesn’t matter what their motivation is for coming into the studio doorways. StretchLab’s one-on-one assisted stretching and revolutionary group stretches are altering lives, and so they’re led by extremely educated flexologists and fueled by an unwavering dedication to bettering the lives of its members.

StretchLab’s distinctive and revolutionary method to assisted stretching has created a widespread and devoted following throughout the nation. Referred to as “the subsequent dominator within the health trade” by The New York Times, assisted stretching has gained nationwide consideration. StretchLab is now the biggest stretching model within the U.S. with greater than 70 areas.

There are quite a few advantages to take into account in changing into a StretchLab franchise proprietor.

  • First mover benefit: StretchLab has territorial availability throughout all main markets. Don’t miss the chance to personal your native market.
  • Extensive assist: StretchLab believes intensive coaching drives success — from lease negotiation to construct out, recruitment to finance and gross sales and advertising to sustainable enterprise, franchisees are supported each step of the way in which.
  • Executive mannequin: StretchLab’s turnkey franchise mannequin gives a fully scalable enterprise that permits you to decide your success. It will allow you to leverage vital growth prices and nationwide vendor relationships to launch your studio efficiently.
  • Investment: Enjoy StretchLab’s recurring income mannequin, distinctive EBITDA margins and confidence in a group with greater than 25 years of expertise in health franchising.

Considering franchise possession? Get began now and discover the personalized list of franchises that match your way of life, pursuits and funds.

StretchLab is a model whose values communicate straight to entrepreneurial-minded franchisee candidates. Imagine the advantages of proudly owning a franchise idea that options the next attributes.

  • Caring: The model deeply cares about serving to folks — bringing vitality to your neighborhood.
  • Growth: Enjoy the first-mover benefit with multi-location possession in an untapped market.
  • Energy: Bring new life to your portfolio with the consolation of a confirmed construction and assist.
  • Freedom: Enjoy the advantages of StretchLab’s govt mannequin to construct one thing for your self that’s fully scalable together with your objectives in thoughts.
  • Community: Build a neighborhood nicely past the studio partitions.

StretchLab is a part of the Xponential Fitness household of manufacturers, the curator of the perfect health and wellness manufacturers throughout each vertical of boutique health. With greater than 25 years of boutique health franchising expertise inside every model, Xponential Fitness has the sources and community to guarantee continued progress and assist for its franchise companions.

How a lot does a StretchLab franchise price?

To open a StretchLab franchise, listed below are the monetary necessities, money required and ongoing franchise charges related to enterprise possession.

Initial franchise charge: $60,000.

Initial funding: $160,300 to $299,260.

Net price requirement: $350,000.

Cash requirement: $100,000.

Royalty charge: 7%.

Ad royalty charge: 2%.

Term of settlement: 10 years.

StretchLab franchising would not provide in-house financing for candidates however does preserve relationships with a number of third-party funding sources which provide financing to cowl the franchise charge, startup prices, gear, stock, accounts receivable and payroll. Please assessment Item 7 of the 2022 StretchLab FDD for explanatory notes and extra particulars.

Support and coaching provided by StretchLab

The Xponential and StretchLab franchising group has the sources and community to guarantee continued progress and assist. The model groups information new homeowners by way of the whole opening course of, from web site choice, lease negotiation and development, to recruiting studio workers, activating the membership gross sales course of and advertising the studio. StretchLab gives intensive ongoing coaching, weekly and month-to-month replace webinars and one-on-one assist to information homeowners as their enterprise matures.

Comprehensive coaching and intensive ongoing assist are each pivotal for fulfillment as a StretchLab franchise proprietor. Here are the precise areas the place the model assists franchisees within the system.

  • Real property: Receive the assist you want to navigate web site choice and lease negotiation to discover the perfect web site in your StretchLab franchise.
  • Finance: StretchLab’s finance group will help in mortgage processing by way of the SBA and most well-liked financiers.
  • Site construct assist: StretchLab guides new homeowners by way of the whole build-out course of — from corporate-approved format and common development to inside design, onsite safety and know-how.
  • Sales: Enjoy complete and ongoing gross sales coaching, month-to-month calls and knowledgeable steerage from pre-sale by way of grand opening and into sustainability. Get launched to the model’s gross sales course of, retail vary and POS system to drive gross sales proper from the beginning.
  • Marketing: The minute you signal your lease settlement, the advertising of your location begins with personalised assist to arrange social media, advertising supplies and all technique of producing web site visitors and memberships.
  • Recruitment: StretchLab is aware of the experience of the flexologist is pivotal for the stretch. Receive help hiring probably the most certified flexologists, common managers and gross sales associates.
  • Comprehensive coaching: StretchLab believes intensive assist and complete coaching are pivotal in your success as a StretchLab franchise proprietor. You’ll attend a three-day coaching course on the model’s company headquarters in Costa Mesa, CA, together with an invite to the annual franchise conference and ongoing weekly assist. Your workers may also bear intensive gross sales coaching to guarantee your group excels in your studio’s objectives.

How to request details about the StretchLab franchise alternative

StretchLab is in search of certified and passionate franchise companions. Here are three traits of a passionate StretchLab studio proprietor.

  • Passion to assist folks: StretchLab desires somebody who not solely identifies with its values however is prepared to act on them to assist others.
  • Drive for fulfillment: Someone who desires to be primary and will not accept much less.
  • Motivated leaders: Someone prepared to take motion and never solely lead however inspire their group.

To request extra data on franchise possession, please go to the StretchLab model web page on Entrepreneur‘s franchising web site.

Related: Why Fitness Franchises Are Booming



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