Do you want to open a massage business by buying Green Leaf Massage & Sports Recovery franchise? If YES, here is how much it cost to open Green Leaf Massage & Sports Recovery franchise successfully.
The massage and sports recovery market has been growing at an encouraging rate with health and stress-related problems facing individuals and families each year. Green Leaf is well-known for their non-invasive way of helping clients achieve recovery from a sports injury or get simple relaxation in a welcoming and nurturing environment.
This business concept aligns well with the needs of different types of people and demographics, allowing for a wide range of ideal locations that could fit the Green Leaf Massage and Sports Recovery business model. Opening its first location in 2009, Green Leaf has grown itself into a leadership position in the Denver market due to a revolutionary take on a traditional business model — opening multiple locations throughout Colorado.
With the company’s growing focus on health and wellness in the United States, more and more people are looking to get into the business but are in need of support, guidance, and structure on how to operate their businesses and how to manage the ever-evolving wellness services marketplace.
Green Leaf is renowned as the only massage franchise that truly represents the recovery and therapeutic niche in the industry. Right from the onset, the Green Leaf Massage and Sports Recovery franchise operating model has been designed for simplicity, lower cost of entry and high profit margins, so anyone can benefit from the clear, easy to understand, operating system.
The company boasts of being committed to their team, community, and environment. Using organic products, the company offers a range of services to relax, recover, rejuvenate and renew. They have an integrative approach to wellness that honours the whole person. They also offer membership packages, gift card and online scheduling.
Note that unlike any other massage centres in the United States, Green Leaf is not spa-based. The company instead chooses to focus strongly on therapeutic massage and combine professional sports recovery for athletes of all types and ages. Runners, bikers and other active individuals tend to appreciate these services.
The company’s mission is to create success and to offer unrivalled support and training for each Green Leaf franchisee, while maintaining the highest level of integrity and standards. The company also provides targeted marketing programs for each franchisee to grow the business.
Green Leaf is looking for personable people that have some prior managerial experience. They expect a franchisee to be outgoing and able to bond with the customer base to establish credibility and trust within their community. The company promises to guide all franchisees through the process of running a business, including initial onsite training at the franchisor’s headquarters in the greater Denver Area.
Financial Requirements of Opening a Green Leaf Massage and Sports Recovery Franchise
- Liquid capital required: $75,000
- Net worth required: $350,000
- Investment: $122,920 – $207,508
- Franchise fee: $38,500
- Royalty: 6.0%
Steps on How to Open a Green Leaf Massage and Sports Recovery Franchise
Start your own Green Leaf Massage and Sports Recovery franchise and join the company’s passionate leaders! Green Leaf invites you to complete their evaluation form. After the form is received, the next steps will include:
1. Review of Initial Applications and FDDs
This evaluation form helps the company screen and eliminate aspiring franchisees that won’t be a good fit. It’s advisable that you fill out these initial forms completely and accurately to help the company better assess your qualifications. Once you meet the company’s initial requirements, there’s a good chance that you can set a meeting with the company’s representative and get a copy of the franchise disclosure document.
2. Attend the Company’s Discovery Day
After receiving the company’s federal disclosure agreement, you will have the opportunity to meet the management team personally during discovery day. This will be your chance to get to know more about the company and ask questions about anything that will affect the success of the business.
Discovery day is a perfect opportunity to get to know the franchise and its management team. Discovery day is the perfect time to ask questions and voice concerns that were not addressed in the franchise disclosure document (FDD). A discovery day’s typical agenda involves group presentations, one-on-one meetings and interviews, and visits to existing franchise locations.
3. Seek Business Funding
Note that you will need adequate starting capital to cover your franchise fee and start-up costs, but you also need working capital to get you through the first leg of your franchise journey. Here are some possible sources of capital:
- Check Item 10 of FDD.
- Family and acquaintances.
- Banks or finance companies.
- You may be eligible for an SBA-backed loan if you cannot otherwise qualify with a bank.
4. Carefully Read and Sign the Franchise Agreement
This agreement is a binding contract between you and the company. As such, you should hire an attorney to review the agreement before you sign it. Make sure you understand the exact terms of the contract, including all your rights and obligations under the agreement.
5. Get all Necessary Business Licenses and Permits
In the United States, most state and local governments require businesses to obtain various licenses and permits before they can do business in the area. These commonly include general business licenses, tax registrations, health permits, and occupational licenses.
Once you fail to maintain all necessary licenses and permits, you may leave your business susceptible to government fines or worse. Green Leaf may also terminate your franchise if you do not stay compliant with licensing requirements.
If you incorporate your franchise, you will also have to comply with your state’s corporate reporting requirements. Additionally, if you also fail to submit a report on time, the state can terminate your corporation’s or LLC’s existence, leaving you exposed to the risks you incorporated to avoid.
6. Build or Grow Your Location, Attend Training, and Hire Employees
There are some franchisees who take charge of building or improving the space where they will operate, Green Leaf Franchise just like other businesses will provide blueprints, custom fixtures, and signage, but you will need to hire a general contractor to build your space and prepare it for opening day.
While you are building your physical location, you will want to start assembling your team. Before opening day, the company will offer training to you and your employees. This training eases you into the culture of the company network and visions.
7. Start Your Business
Now will be the time to open your franchise to the public. This is another area where buying a franchise offers advantages over starting from scratch. The company will guide you through the process of opening your business and run an advertising blitz to help get the word out that you are now open.
Green Leaf is known to offer professional therapeutic massage, hot stone massage, sports massage, relaxation, deep tissue massage therapy as well as bodywork and stress relief. Just like it was stated above, this company’s focus is therapeutic and recovery massage for the active, but with no resemblance to the spa-based concept. They offer an integrative approach to wellness and honour the whole person. This franchise is unique and expanding rapidly, you will do well consider this franchise.