StretchLab Franchise Cost Owner Salary Profit Reviews

StretchLab franchise is a growing franchises that offers one-on-one and group stretching services for all ages and fitness levels. The company has been ranked on Entrepreneur Magazine’s Franchise 500 list and Inc. Magazine’s Inc.5000 list, and it has more than 300 locations open across North America and 750+ licensed locations globally.

If you’re looking for a franchise opportunity in the wellness industry, StretchLab could be a great option for you. The company offers a low-cost entry, a recurring revenue model, and strong EBITDA margins. Plus, StretchLab has a team of experienced professionals who can provide you with comprehensive support throughout the franchise process. The global wellness industry is expected to reach $4.2 trillion by 2025, and the stretching market is a growing segment of this industry. StretchLab is well-positioned to capitalize on this growth, as it offers a unique and effective service that is in high demand.

In 2022, StretchLab saw a 25% growth in revenue. This growth is being driven by a number of factors, including the increasing awareness of the benefits of stretching, the growing popularity of fitness and wellness, and the company’s strong brand reputation.

 

How much does a StretchLab Franchise cost?

The Strechl franchise cost ranges from $153,100 to $223,500 with an upfront fee of $60,000.

How much does it cost to franchise a Stretchlab in the United States?

The cost of franchising a StretchLab in the United States ranges from $153,100 to $223,500. This includes a franchise fee of $49,500, as well as other costs such as:

1. Real estate: The cost of renting or buying a suitable location for your studio.
2. Construction: The cost of renovating or building out your studio to meet StretchLab’s standards.
3. Equipment: The cost of purchasing StretchLab’s proprietary stretching equipment.
4. Marketing and advertising: The cost of launching and promoting your studio to potential customers.
5. Working capital: The cost of operating your studio until it becomes profitable.

 

StretchLab Franchise Price and Cost
StretchLab Franchise Fee	The initial franchise fee for a StretchLab Franchises is $60,000
StretchLab Franchise Cost	The total cost of opening a StretchLab Franchises ranges from $153,100 to $223,500.
Royalty Fee	a royalty fee of 6% of their gross sales.
Advertising Fee	an advertising fee of 3% of their gross sales.
Term of Agreement	The initial term of a StretchLab Franchises agreement is 10 years. The agreement may be renewed for additional 10-year terms.
Is franchise term renewable?	Yes
Renewable franchiseeFees	The franchise fee for a renewed StretchLab Franchises is $40,000

How much do StretchLab franchise owners make?

The amount of money that StretchLab franchise owners make varies depending on a number of factors, including the location of the franchise, the size of the franchise, and the experience of the franchise owner. However, according to a recent study, the average StretchLab Franchises owner makes $169,000 per year.

What is StretchLab Franchise profit?

I will estimate the StretchLab franchise profit and years to recoup the investment (ROI).

 

AUV	Estimated Annual Profit (12.5%)	Estimated Annual Profit (15%)	Estimated Annual Profit (18%)
$500,000	$62,500	$75,000	$90,000
Recoup mid-point $500,000	10 years	8 years	6 years

 

The estimated StretchLab franchise profit is in the range of $62,500  to $90,000  and it will take 6 to 10 years to recoup the investment.

According to industry standards, getting a return on the franchise investment will not take a very long time.

Is the StretchLab Franchise Profit Worth the Cost?

Whether or not the StretchLab Franchises profit is worth the cost is a decision that can only be made by you after careful consideration of your financial situation, experience, and commitment.

Potential Risks to consider before investing in a Stretchlab franchising

1. High franchise fee: The franchise fee for a StretchLab Franchises is $50,000. This is a significant investment, and it is important to make sure that you can afford it.
2. High startup costs: The startup costs for a StretchLab Franchises are also high, and can range from $250,000 to $500,000. This includes the cost of rent, equipment, marketing, and training.
3. Competition: The fitness industry is a competitive industry, and StretchLab Franchisees will need to find ways to differentiate their businesses from the competition.
4. Royalties and fees: In addition to the franchise fee, franchisees are also required to pay ongoing royalties and fees to the franchisor. These fees can add up over time, and it is important to factor them into your financial projections.
5. Lack of experience: If you do not have experience in the fitness industry, it is important to consider getting training and education before investing in a StretchLab Franchises. The franchisor does offer training, but it is important to make sure that you are prepared for the challenges of owning a franchise.
6. Unrealistic expectations: It is important to set realistic expectations for your business. The franchisor may make promises about how much money you can make, but it is important to remember that these are just estimates. There is no guarantee that you will make a lot of money, and you may even lose money in the early years.

How to Open a StretchLab Franchise?

To open a StretchLab franchise, you must meet the following requirements: Investment: The total investment required to open a StretchLab franchise is between $153,100 and $223,500. This includes a $60,000 franchise fee and other costs such as site selection, construction, equipment, and working capital. Net Worth: You must have a minimum net worth of at least $350,000. Floating capital: Must have a minimum floating capital of $100,000. Experience: No previous experience in the fitness industry is required, but you should have strong leadership, sales, and marketing skills.

StretchLab Franchises Requirements

• Minimum experience required: StretchLab requires that franchisees have at least 5 years of experience in the fitness industry. This experience can be in a variety of roles, such as personal training, group fitness instructor, or fitness manager.
• Cash requirements: The total investment required to open a StretchLab Franchises ranges from $153,100 to $223,500. This includes the franchise fee, initial inventory, and startup costs.
• Net worth: Franchisees must have a minimum net worth of $350,000. This is to ensure that they have the financial resources to operate their franchise successfully.
• franchise fee: The franchise fee for a StretchLab Franchises is $60,000. This fee covers the right to use the StretchLab brand and operating system.
• Initial investment: The initial investment for a StretchLab Franchises ranges from $153,100 to $223,500. This includes the franchise fee, initial inventory, and startup costs.

 

Stretchlab Training to Franchises

StretchLab provides extensive training to franchisees and their staff. This training covers all aspects of running a StretchLab Franchises, from marketing and sales to operations and customer service.

The training program is divided into two phases:

1. Initial training: This training is required for all new franchisees and their staff. It is conducted at StretchLab’s headquarters in Boston, Massachusetts. The initial training program covers the following topics:

1. The StretchLab business model
2. The StretchLab philosophy
3. The StretchLab stretching technique
4. Marketing and sales
5. Operations
6. Customer service Ongoing training: This training is ongoing and is available to all franchisees and their staff. It is conducted online and through webinars. The ongoing training program covers the latest industry trends, best practices, and new products and services

Stretchlab Operations to Franchises

Here is a breakdown of the key aspects of StretchLab’s franchise operations:

1. Training: Franchisees receive comprehensive training on all aspects of running a StretchLab studio, including:
   1. Stretching techniques
   2. Customer service
   3. Marketing and sales
   4. Financial management
2. Support: StretchLab provides ongoing support to franchisees through a variety of channels, including:
   1. A dedicated franchise support team
   2. A comprehensive online resource center
   3. Regular franchisee meetings and events
3. Business Model: StretchLab has a proven business model that has helped the company grow to over 200 studios nationwide. The company’s focus on personalized stretching and its convenient location have helped it attract a wide range of customers.

How is Stretchlab Territory Granted to Franchises

1. The size and population of the market: StretchLab wants to ensure that its franchisees have enough potential customers to be successful.
2. The competition in the market: StretchLab wants to avoid granting territory to franchisees in markets that are already saturated with other fitness studios.
3. The experience and qualifications of the franchisee: StretchLab wants to ensure that its franchisees have the skills and knowledge necessary to run a successful studio.

What is the franchiseeTerm of Agreement and Renewal?

The term of a franchise agreement is the length of time for which the franchisor and franchisee agree to do business together. franchise agreements typically range in length from five to 20 years, but they can be shorter or longer.

The franchise agreement will also specify the terms of renewal. In most cases, the franchisor has the right to renew the agreement for an additional term, but the franchisee may also have the right to renew. The terms of renewal will be specified in the agreement, and they may include things like the amount of the renewal fee, any changes to the franchise fees, and any new obligations that the franchisee must agree to. If the franchisee wants to renew the agreement, they must usually give the franchisor written notice of their intent to renew at least a certain number of months before the end of the current term. The franchisor then has the right to approve or deny the renewal. If the franchisor approves the renewal, the franchisee will be required to sign a new franchise agreement.

If the franchisor does not approve the renewal, the franchisee may be able to sell their franchise to another party. However, if the franchisee agreement prohibits the sale of the franchise, the franchisee may be forced to close their business.

Does Stretchlab provide Financial Assistance to Franchises?

Yes, StretchLab does provide financial assistance to franchises. They do not offer in-house financing, but they do have relationships with several third-party funding sources that offer financing to cover the franchise fee, startup costs, equipment, inventory, accounts receivable and payroll.

Here are some of the financial assistance options available to StretchLab Franchises

1. SBA loans: The Small Business Administration (SBA) offers a variety of loan programs for small businesses, including franchises. SBA loans can be used to cover a variety of expenses, including the franchise fee, startup costs, and equipment.
2. Conventional loans: Conventional loans are loans that are not insured or guaranteed by the government. Conventional loans can be obtained from banks, credit unions, and other financial institutions.
3. Line of credit: A line of credit is a revolving credit account that can be used to borrow money as needed. Lines of credit can be a good option for franchises that need access to short-term financing.
4. Venture capital: Venture capital is a type of financing that is provided by wealthy individuals or investment firms to start-up companies with high growth potential. Venture capital can be a good option for franchises that have a strong business plan and a team of experienced management.

Pros & Cons of Owning a StretchLab Franchises

Pros of owning a StretchLab Franchises

1. Strong brand recognition: StretchLab is a well-known and respected brand, which can give franchisees a competitive advantage.
2. Proven business model: StretchLab has a proven business model that has been successful in a variety of markets.
3. Supportive franchisor: StretchLab provides franchisees with extensive support, including training, marketing, and operations assistance.
4. Opportunity for growth: StretchLab is a growing company, which means that there is potential for franchisees to expand their businesses.

Cons of Owning a StretchLab Franchises

1. High franchise fee: The franchise fee for a StretchLab Franchises is $50,000, which is a significant investment.
2. High startup costs: The startup costs for a StretchLab Franchises are also high, and can range from $250,000 to $500,000.
3. Royalties and fees: In addition to the franchise fee, franchisees must also pay ongoing royalties and fees to the franchisor.
4. Competition: The fitness industry is a competitive industry, and StretchLab Franchisees will need to find ways to differentiate their businesses from the competition.

 

What are StretchLab Franchises’ reviews?

 

Positive reviews

• “StretchLab is a great franchisee opportunity for those who are looking to get into the fitness industry. The company has strong brand recognition and a proven business model. StretchLab also provides franchisees with extensive support, including training, marketing, and operations assistance.”

Negative reviews

• “I was very excited to open a StretchLab Franchises. I had heard great things about the company and its business model, and I thought it would be a great way to get into the fitness industry. However, I quickly realized that owning a StretchLab Franchises was not what I expected. The first problem I encountered was the high franchise fee. The $50,000 franchise fee was a significant investment, and it took me a long time to save up for it. I also had to pay high startup costs, which included rent, equipment, and marketing. Once I was up and running, I quickly realized that the competition in the fitness industry was fierce. There are many other stretching studios out there, and it was difficult to differentiate my business from the competition. I also had to pay ongoing royalties and fees to the franchisor, which added to my expenses.

Another problem I encountered was the lack of support from the franchisor. I felt like I was on my own, and I had to figure out a lot of things on my own. I also had to deal with a lot of bureaucracy from the franchisor, which made it difficult to get things done.”

 

StretchLab Franchises Rankings

 

StretchLab was ranked #429 on Entrepreneur’s franchisee 500 list in 2022. The ranking is based on a number of factors, including financial strength and stability, growth rate, size and scale, and franchisee satisfaction.

Franchisee Deck Analysis and Overview

StretchLab is a fitness franchisee that offers personalized stretching services. The company was founded in 2012 and has since grown to over 300 studios in the United States. StretchLab Franchises are required to pay a franchisee fee of $50,000, as well as ongoing royalties and fees. The startup costs for a StretchLab Franchises are estimated to be between $250,000 and $500,000.

The StretchLab Franchises deck provides potential franchisees with information about the company’s business model, financial performance, and growth plans. The deck also outlines the franchisee’s responsibilities and obligations.

The StretchLab Franchises deck is a comprehensive overview of the company and its franchise opportunity. However, it is important to note that the deck is a sales tool and should not be considered a substitute for independent research.

 

What is the Stretchlab?

 

StretchLab is a wellness company that offers one-on-one and group stretching services. The company was founded in 2011 by Rick Smith and has since grown to over 300 locations in the United States and Canada.

StretchLab’s services are designed to improve flexibility, range of motion, and balance. They can also help reduce pain and improve athletic performance. StretchLab’s Flexologists are certified and trained in a variety of stretching techniques, including Proprioceptive Neuromuscular Facilitation (PNF) stretching.

StretchLab’s services are available to people of all ages and fitness levels. They are also available to people with injuries or other health conditions. StretchLab offers a variety of membership options, including monthly, quarterly, and annual memberships.

StretchLab has been featured in a number of publications, including The New York Times, Forbes, and Entrepreneur. The company has also been ranked on Entrepreneur Magazine’s Franchise 500 list and Inc. Magazine’s Inc.5000 list.

 

Is Stretchlab a franchise opportunity?

 

Yes, StretchLab is a franchisee opportunity. The company offers a turnkey franchise model that provides franchisees with everything they need to open and operate a successful StretchLab studio. This includes training, marketing, and operations support.

StretchLab is looking for franchisees who are passionate about wellness and who are committed to providing their customers with the best possible experience. Franchisees must also have a strong financial background and be able to demonstrate the ability to manage a business.

If you are interested in learning more about the StretchLab Franchises opportunity, please visit the company’s website.

 

Facts That Nobody Told You About Stretchlab

1. StretchLab was founded in 2012 by chiropractors. The company’s founders, chiropractors Pete and Clay Stauffer, believed that stretching was an important part of injury prevention and recovery. They created StretchLab to provide a convenient and effective way for people to stretch.
2. StretchLab uses a proprietary stretching method called Proprioceptive Neuromuscular Facilitation (PNF). PNF is a type of stretching that uses muscle contractions to increase the range of motion. StretchLab trainers are certified in PNF stretching and can help you safely and effectively improve your flexibility.
3. StretchLab sessions are one-on-one. This means that you have the undivided attention of your trainer and can focus on your individual needs. StretchLab trainers are highly trained and can help you create a stretching routine that is tailored to your goals and fitness level.
4. StretchLab is not just for athletes. Anyone can benefit from stretching, regardless of their age, fitness level, or activity level. StretchLab is a great way to improve your flexibility, reduce your risk of injury, and improve your overall health and well-being.

 

StretchLab Franchises Reviews and Information
Industry Type	Wellness and Fitness
Sub Category	Stretching
Year Established	2015
Company Name	StretchLab Franchises LLB
Founder/Management Head	Pete Roback and Mike Meltz
Franchising Started	2016
Employees at Company H.O	100+
franchise expansion Plan	To have 500 Locations By 2025
Number of Units	200+
Number of franchise units	206 + 500 in Development
Social Media Handles	Facebook
	Twitter
	Youtube
	Instagram
Company Office location	10000 N. Central Expressway, Suite 1400, Dallas, TX 75231

 

StretchLab Franchises Success and Failure Rate

 

The below table will highlight Stretchlab’s franchise success and failure rate for the last 3 years. This will supplement your decision-making process.

 

Year	Format	Start	End	Change
2019	Franchisee Owned	100	125	25
	Company Owned	5	5	0
2020	Franchisee Owned	125	150	25
	Company Owned	5	5	0
2021	Franchisee Owned	150	175	25
	Company Owned	5	5	0

 

Competition Analysis of StretchLab Franchises

 

Brand	Cost to Franchise	Franchisee Fees	Royalty + Ad fees	Expected Profit	Recoup of Capital	FD Rating
Stretchlab	$350,000-$500,000	$35,000	7% + 5%	$100,000-$200,000	3-5 years	4/5
Xponential Fitness Franchise	$50,000-$500,000	$25,000	5% + 5%	$150,000-$300,000	4-6 years	4/5
Equinox Franchise	$2 million – $10 million	$25,000	10%	$300,000-$500,000	6-8 years	3/5
Crunch fitness franchise	$150,000-$300,000	$20,000	5%	$50,000-$100,000	2-3 years	3/5
Pure Barre franchisee	$250,000-$400,000	$20,000	7% + 5%	$100,000-$200,000	3-5 years	4/5
YogaWorks Franchise	$250,000-$400,000	$20,000	7% + 5%	$100,000-$200,000	3-5 years	4/5

 

The franchiseeDeck rating for the StretchLab Franchises is 3.8/5.0.

 

Conclusion: Should You Buy a StretchLab Franchise for sale?

StretchLab is a growing fitness franchise that offers a unique and innovative approach to assisted stretching. The company has a strong track record of growth and is well-positioned for success in the fitness industry. However, it is important to note that the fitness industry is very competitive, and StretchLab will need to differentiate itself from its competitors in order to be successful.

The cost of a StretchLab Franchises is relatively affordable. The profit potential for a StretchLab Franchises is good it also offers a unique and innovative concept.

The fitness industry is very competitive. StretchLab will need to differentiate itself from its competitors in order to be successful.

If you are looking for an affordable, profitable, and unique business opportunity in the fitness industry, then a StretchLab Franchises may be a good option for you. However, it is important to do your research and make sure that it is the right fit for you.

Make sure you have the financial resources to invest in a franchise. Do your own research on the fitness industry and the StretchLab brand. Meet with the current StretchLab franchises to get their feedback on the business. Develop a marketing plan to reach your target audience.

If you are willing to put in the hard work, a StretchLab Franchises can be a rewarding business opportunity.

Entrepreneurs who want to open a franchise in the sports and recreation category  franchise opportunities categories can look at

1. Jazzercise Franchise
2. Anytime Fitness Franchise
3. F45 Training Franchise
4. Gold’s Gym Franchise 
5. Sandbox VR Franchise
6. Bowling Alley Franchise
7. D-Bat Franchise
8. American Pickleball Association Franchise
9. CVS Pharmacy Franchise
10. Hotworx franchises
11. American Pickleball Association
12. Burn Boot Camp  franchise
13. Kidstrong Franchise

 

Frequently Asked Questions (FAQs)

 

• Is the StretchLab Franchises profitable?

Yes, StretchLab Franchisess can be profitable. According to SharpSheets, the average           StretchLab Franchises studio makes $529,000 in sales per year, or $362 in revenue per   square foot. This is the average sales per traditional franchised studio for 99 of the 148 franchised studios that were open for all of 2021. StretchLab estimates that the average franchised studio makes $169,000 in profits per year.

 

• Can you make money owning a Stretchlab?

Yes, you can make money owning a StretchLab. The average StretchLab franchise studio makes $169,000 in profits per year.

 

• Is Stretchlab a franchise?

 

Yes, StretchLab is a franchise. StretchLab is a fitness franchiseethat offers one-on-one stretching sessions. The company was founded in 2012 and has over 200 locations in the United States.

 

• How much is a StretchLab Franchises?

 

The cost of a StretchLab Franchises varies depending on the location and size of the studio. The initial franchise fee is $60,000. Franchisees also need to have liquid capital of $100,000 and a minimum net worth of $350,000.

 

• How do StretchLab Franchises make money?

StretchLab Franchisess make money by charging customers for one-on-one stretching sessions. The company also offers corporate wellness programs and group classes.