This spring, Beaufort County in South Carolina is getting its third Massage Envy Spa. The nationwide massage franchise business' new location will be in the Fresh Market Shops on Hilton Head Island, and a grand opening event will take place on March 7th.
The Hilton Head location joins two other locations in Beaufort County, one on Fording Island Road in Bluffton and the other on Robert Smalls Parkway in Beaufort. With the massage chain expanding at a rapid pace, there are now more than 1,000 locations across 49 different states. Massage Envy also recently ranked first in Forbes Magazine’s list of the best franchise opportunities with an entry cost of $500,000 or less.
Massage Envy at a Glance
Massage Envy was founded in 2002 with the aim of providing massage and spa services at a more affordable price. It currently has more than 1 million active members and has delivered more than 4 million facials and more than 90 million massages to clients across the country. Research firm IBISWorld recently estimated that Massage Envy dominates close to half of the entire day-spa market, and the chain's numbers are expected to grow in the years to come.
Explore Massage Envy Franchise Opportunities
Currently, Massage Envy is looking for franchisees all across the United States. Qualified candidates for a franchise will have a net worth of at least $500,000 with liquid assets of at least $150,000. The initial franchise fee for a single location is $45,000, and the total initial investment ranges from $331,485 to $825,263. Initial franchisee agreements have a ten-year term with a renewal option for another ten years. The royalty fee is 6 percent of the monthly gross sales, and franchisees must contribute up to 2 percent of gross sales to a nationwide advertising fund.
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