Now Expanding in the US, Average Profit ~$81K/year. StretchMed is the largest and fastest growing stretching franchise concept in the Northeast!
Fitness & BeautyAbout StretchMed
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.
2019 (6 years)
-
$310,242
Franchise Fees
$49,500
6.0%
Gross Sales
2.0%
Gross Sales
Why 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.
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.
$118,160 - $253,250
$50,000
$100,000