Clovr Life Spa Franchise In USA Cost, Profit, How to Apply, Requirement, Investment, Review | SkillsAndTech
With many people wanting to unwind, relax, and practice self-care, a wellness franchise can become a profitable venture. And, if you think a wellness franchise is something worth pursuing, then you should put Clovr Life Spa on your list. While they’re new to franchising, you could be one of the early franchisees of the wellness company. Read more below on how you can get started.
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Table of Contents
Clovr Life Spa Franchise Wiki
The franchisor is Spa Acquisitions, LLC. But the franchise name is Clovr Life Spa.
Their services include:
- Aesthetic and beauty services
- Therapeutic and body services
- Wraps
- Skincare and waxing
- Teeth whitening
- Meditation
A franchisee may offer all or most of the services listed.
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In some cases, a Clovr Life Spa franchise may also offer alcoholic beverages such as champagne, beer, and wine, so long as it’s not against the law to serve these drinks.
Currently, there are only fewer than ten Clovr Life Spa locations (both owned and franchised).
Clovr Life Spa Franchise Benefits
This is highly confidential information. Because this company had not disclosed it. You can only know about this after applying for the franchise. All this will be discussed when the basic criteria are met and fulfilled. You can know the procedure as follows.
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Clovr Life Spa Franchise Training
The franchisee (or a principal) and the general manager (responsible for the day-to-day operations) should attend training. They will have the initial five-day training program held by the franchisor. The franchisor may even designate a certain day and location for succeeding training. This applies to franchisees (or a principal), previously trained personnel, and other staff members. In some cases, the franchisor may even require additional training sessions to ensure the franchisees meet the franchisor’s standards.
The franchisor may also hold conferences, conventions, and regional meetings and may require franchisees to attend these events.
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Clovr Life Spa Franchise Cost
Name of Fee | Low | High |
---|---|---|
Initial Franchise Fee | $39,000 | $39,000 |
Pre-Sale and Marketing Plan | $5,000 | $10,000 |
Grand Opening | $10,000 | $10,000 |
Real Property | $18,000 | $36,000 |
Travel and Living Expenses While Training | $500 | $3,000 |
Leasehold Improvements | $161,000 | $400,000 |
Architect/Engineer/Permits and Licenses | $5,000 | $12,000 |
Legal/Professional Fees | $2,500 | $5,000 |
Prepaid Rent, Security and Other Deposits | $7,000 | $13,500 |
Initial Liability Insurance and Workers’ Compensation Deposit | $8,000 | $10,000 |
Exterior Signage | $10,000 | $15,000 |
Technology Purchases | $22,000 | $28,000 |
PCI Compliance Network Security Service Fees (Initial 3 Months) | $650 | $650 |
Technology, Software Licensing and Support Fee (Initial 3 Months) | $2,625 | $2,625 |
Opening Inventory and Supplies Not Otherwise Noted | $20,000 | $30,000 |
Furniture, Fixtures, and Equipment | $60,000 | $100,000 |
Additional Funds (Initial 3 Months) | $60,000 | $90,000 |
ESTIMATED TOTAL | $270,275 | $723,975 |
Clovr Life Spa Franchise Requirements
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This is highly confidential information. Because this company had not disclosed it. You can only know about this after applying for the franchise. All this will be discussed when the basic criteria are met and fulfilled. You can know the procedure as follows.
Clovr Life Spa Franchise Territory
The franchisee should only operate on the premises approved by the franchisor. If the franchisees follow what was agreed upon on the franchise agreement (FA), the franchisor will NOT open another Clovr Life Spa within a 2-mile radius. This area will be the protected area and be established and remain that way. However, if it’s in a high-density location, the radius shrinks to half a mile.
Here are the cities identified as high-density locations:
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- New York City (and its boroughs)
- Chicago
- Boston
- San Francisco
- Honolulu
Aside from that, franchisees may cater to customers living outside of the protected area, provided that the services are done inside the Clovr Life Spa protected area.
Clovr Life Spa Franchise Obligation and Terms of Agreement
For entity franchisees, they need to designate a principal and become the “operating principal.” They must have at least 10% of equity ownership AND must oversee and supervise day-to-day operations. Not only that, but they should provide updates on financial, management, operational, and policy matters. Moreover, they are the sole individual to fulfill these tasks.
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The franchisors expect the franchisees to operate ONLY a spa business. In addition, they should also monitor and maintain inventory, allocate a sufficient number of employees per shift, and run the spa business based on the number of hours stipulated in the manual. Presently, the franchisor requires any Clovr Life Spa to render 60 hours a week and are open six days a week. Also, the franchisees should only sell and provide services mandated by the franchisor.
Meanwhile, the terms of the agreement are ten years, starting from when the Life Spa opens. Franchisees may request to continue being a franchisee, and they may receive two consecutive five-year terms to operate.
Clovr Life Spa Franchise Profit
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Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors.
How to Apply For Clovr Life Spa Franchise
The franchisor doesn’t provide direct and indirect financing and can’t guarantee lease, obligations, and notes.
Clovr Life Spa Franchise Contact details
Website
FAQ
Is it profitable or not?
Ans: It is fast moving products, so there is fewer margins but your sale is too high. So, obviously you can make more profit from this business.
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Did You Know?
- Customers can book the Life Spa for a private event and have a spa party in one of their spaces.
- They use the term “anti-membership” since customers can use their rolled-over contribution anytime instead of being discarded by Clovr Life Spa.
- On their official Entrepreneur page, veterans who plan on franchising will get a 10% discount on the franchise fee.
Conclusion
So far we have shared the basics for this franchise. It is the most profitable franchise. You will never doubt your decision to start this franchise. Go ahead and achieve your goal. If you find more information please feel free to share with us. Share your thoughts and we will definitely contact you with new franchise and opportunities. Stay Tuned for more franchise. Thank you
Disclaimer: The information given in this article like investment may vary from place to place, so we are not sure about the investment part.
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