Soma Massage Therapy
Soma Massage Therapy offers various massage services in a sophisticated setting, including Swedish, hot-stone, and prenatal care. Known for its comprehensive range of modalities and self-care products, it operates in the wellness and spa industry.
Soma Massage Therapy franchise FAQ
How much does it cost to open one — the total initial investment?
The total initial investment necessary to begin operations for a single Soma Massage Therapy Studio ranges from $165,331 to $406,331. This range includes between $32,040 and $47,040 that must be paid to the franchisor or its affiliates [p.1].
What is the initial franchise fee?
The initial franchise fee (IFF) is $45,000 [p.8].
What are the ongoing royalty and advertising fees?
The ongoing royalty fee is a weekly fee based on a percentage of your Gross Sales, as detailed in Article 3 [p.64]. Advertising expenses are included under "Expenses" and include deductions for various operating costs such as bank service charges, insurance, rent, and more [p.41]. However, specific amounts for these fees are not provided in the excerpts.
How long is the initial franchise agreement, and can I renew it?
This isn't specified in the excerpts. The duration of the initial franchise agreement and renewal terms are not detailed in the provided FDD excerpts.
Can I sell or transfer my franchise, and what does that require?
This isn't specified in the excerpts.
On what grounds can the franchisor terminate the agreement?
This isn't specified in the excerpts.
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts.
Do I get an exclusive or protected territory?
You do not receive an exclusive territory, but you will have a protected territory. This protected territory is defined within your Designated Area and will face potential competition from other franchisees, company-owned locations, or competitive brands controlled by the franchisor [p.31]. The exact boundaries of your protected territory will be agreed upon before signing if you already have an approved Franchised Location, or designated at the time of location approval if not [p.70, p.88].
What training and ongoing support does the franchisor provide?
The franchisor provides initial training lasting approximately five business days, including about five hours of classroom training and 40 hours of on-the-job training [p.29]. Additionally, they offer additional operating assistance and can provide supplemental or remedial training as needed on an as-needed basis [p.89, p.23]. This may include in-person training at the franchisor's location, the franchisee's location, or online [p.89, p.23]. Mandatory training might be required if new services, programs, goods, items, and products are introduced [p.89, p.23].
How many franchised outlets are there, and how many have closed or been terminated?
This isn't specified in the excerpts.
Does the franchisor share any financial performance or earnings information?
The franchisor does not share general financial performance or earnings information. According to [p.68], unless specified in Item 19, oral or written earnings claims are not provided, and actual results will vary. Financial performance information can only be given if it is based on the records of an existing outlet you are considering buying or if the franchisor supplements this information with projections under specific circumstances ([p.40]).
What am I restricted to selling, and where must I buy supplies?
You are generally prohibited from operating a similar business during the term of the franchise. As for your sales, there isn't specific information provided about what you are restricted to selling beyond the general restrictions mentioned [p.3]. For supplies, you must purchase your initial inventory of Branded and Permitted Products from approved vendors; these items include goods like energy bars and non-branded apparel that do not carry the franchisor's marks but must be purchased through an Affiliate, an approved vendor, or the franchisor itself [p.61, p.63]. Inside and outside decor items are also required to be sourced from approved vendors [p.17].