StretchMed
$40,000
$40,000
16
2019
-
Brian R. Cook
Overview
StretchMed is an upscale boutique 1-On-1 stretching studio franchise model that offers 1,2,3 and 4 table stretching studios that can be opened in as little as 300 sq. ft. to upwards of 1,200 sq. ft. This flexible foot print allows us to locate our studios in the best, most premium, high traffic locations, significantly lowering the cost to open and our ongoing monthly fixed costs.
Franchise Unit Trends and Revenue
16
6
$453,169
* in 2023
Franchise Fees
$40,000
6.0%
Gross Sales
2.0%
Gross Sales
Why Choose StretchMed?
- Initial Franchise Fee $40,000 (Lowest in the industry)
- Open a 1-table StretchMed for as little as $77,707 or a 4-table StretchMed for as little as $109,515(Lowest in the Industry)
- Strong unit economics to get your ROI faster
- Average profit after paying a manager across all StretchMed retail locations open in 2023 was $81,214(Highest in the Industry)
How our business model stacks up:
One of our main competitors has a 10-table model that costs about $400,000 to open. This is in my opinion is much too large, and I feel was not "stress tested" against competition, with potentially as many as 3-4 stretch brands in one town/city. It is critical to make sure that there is more demand for the supply that you have. This is why we open smaller studios, we want to ensure that there is more demand than we can handle, generating more revenue per sq. ft. without increasing fixed costs, we can then increase our prices, which will increase our profits, nothing wrong with a small studio being full, you can always expand your hours from 6a-8p, 7 days a week, which is a heck of a lot stretching even in a 1-table model, crazy in a 4-table model. Absolutely no reason to have more than 4-tables.
Starting Costs and Investment Requirements
$77,707 - $206,056
$250,000
$40,000
Training and Support
Owners complete initial training via an online pre-recorded course and live Zoom calls with our support team. Managers and StretchMed Certified Stretch Therapists (CSTs) also will complete an online pre-corded course, with live Zoom calls from our support team, and managers and lead CSTs are required to spend 2-days in Puerto Rico ensuring they have our sales process and stretch protocols mastered, they will also receive on the job live training including pop up events.
Owners can be semi-passive, having a full-time on-site Manager and Assistant Manager running the day-to-day.
Unparalleled ongoing support.
"Wealth creation, is the direct correlation of your ability to develop people", Brian R. Cook.
History
The first location was opened in November 2019 in Boston, due to our success sold 3 franchises in the first few months after opening, then Covid hit. We pushed through and began selling franchises again once all was ok. We grew from 5 to 25 locations in 2022 and are on pace to reach 75 locations in 2023 with plans to hit 300 locations open in 2024.
Ideal Candidate
The ideal candidate is interested in developing people and wants to work "on" the business. Nothing wrong with being an owner/operator, but you will still want to hire a manager to handle the day-to-day so you can focus on data, "knowing your numbers" is absolutely the key to success.
