Massage Heights Helps Franchisees Secure Financing, Get Discounts
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With a strong desire to see Massage Heights franchisees succeed under any economic conditions, the therapeutic massage franchise negotiates discount prices on supplies & equipment and actively helps locate sources of funding. April 18, 2008 – San Antonio, TX – US Franchise News – “Banks have tightened up,” notes Glenn Franson, President and CEO of Massage Heights, “but they do have money. And they’re looking for the safest places to put their money. We still have banks and loan brokers aggressively courting us. The success rate is extremely strong for getting franchise funding for our particular franchise model.” Franson points out that by investing in a franchise, an entrepreneur plugs into an established system and, as such, doesn’t have to reinvent the wheel. He emphasizes that banks are more inclined to fund franchisees because of the proven business model a franchise, like Massage Heights, offers. “We know that any business startup is tough,” says Franson, “but in franchising you bypass much of the learning curve. You’re able to come in as a new franchisee with immediate access to what methods are tried and true, and what are the most effective methods for marketing, among other benefits.” One of the benefits prospective franchisees receive from Massage Heights is substantial help with securing finances. This popular massage franchise company presently works with five lenders to provide franchise funding to their franchisees and boasts a funding rate in excess of 92%. Financing options are explored on a case by case basis and include SBA loans, conventional loans, and turning a 401K or IRA into operating capital without paying penalties. “We aggressively look for multiple ways to get franchise funding for both new franchisees and existing ones looking to expand or retrofit their massage franchise facilities,” states Franson. Another way Massage Heights provides financial assistance is by offering massage franchisees discounted prices on supplies and equipment. “We have pre-negotiated discount rates on everything from massage tables to office supplies to credit card fees,” says Franson. “It comes from the buying power we have. In this way we’re able to save our franchisees 15% to 20%.” He also points out that in an uncertain economy, people still look for ways to reduce stress and maintain wellbeing, and they will opt for the lower-cost solution. Massage Heights offers quality, affordable service comparable to a day spa experience at a fraction of the cost. In addition, the 12-month membership program gives each client the incentive to come in for a massage at least once a month. Initial investment for a Massage Heights franchise averages from $185,000 to $300,000 depending on location and number of units, making this an attractive option with one of the lowest startup costs of any similar franchise operation. Included in the initial investment estimates is the franchise fee of $37,000. Royalty fee is 5% and national advertising fee is 1%. Massage Heights provides extensive training, focused on leadership and tailored to the unique aspects of running a massage franchise in the popular health & fitness arena. # # # Massage Heights is a therapeutic massage franchise offering affordable, quality service in an elegant setting designed to create a relaxing, memorable experience for the client as well as a comfortable workplace for the licensed massage therapist. Launched in San Antonio, Texas, Massage Heights is poised for continual growth throughout the United States and Canada in the booming health & fitness market. Franchisees receive extensive training prior to opening day plus ongoing education and support. USFranchiseNews, a division of Proven Business System and a privately held company, operates as an integral website presence representing the franchise industry for the purpose of educating and enlightening its viewers while also providing them with additional key information to further investigate their franchise of interest. For membership inquiries please contact director@usfranchisenews.com Staffwriter: Graciela Sholander You are welcome to publish this article free of charge on your website, newsletter, or e-zine, provided: You don't change the article in any way and all hyperlinks remain intact. You include the entire article, including the "franchisor’s summary” and “US Franchise News summary” In doing so you agree to indemnify the article's author, and US Franchise News and its directors, officers, employees and agents from and against all losses, claims, damages and liabilities which arise out of its use. |
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