KEY FRANCHISE STATS
All you need to know about this franchise in a snapshot
StretchMed franchise operates therapist studios offering personalized assisted stretching sessions designed to alleviate muscle and joint pain, correct posture issues, and prevent injuries. Based in San Juan, MA, StretchMed provides a specialized service to enhance overall physical well-being.
Founded in 2019, StretchMed quickly expanded into franchising within the same year. Utilizing proprioceptive neuromuscular facilitation (PNF) and static stretching methods in 25- and 50-minute sessions, StretchMed has established itself as a premier therapy studio in the health and wellness sector.
StretchMed presents a compelling investment opportunity for dedicated franchisees. According to its 2022 Franchise Disclosure Document (FDD), the corporate location turned profitable within two months. Moreover, Entrepreneur magazine recognized StretchMed as #69 in the 2023 Top New & Emerging Franchises list.
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
StretchMed offers 4 types of franchises:
We are summarizing below the main costs associated with opening a StretchMed 1-Table Studio franchise. For more information on costs required to start a StretchMed franchise, refer to the Franchise Disclosure Document (Item 7).
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Initial Training Program
The Initial Training Program is mandatory for both the franchisee (or the managing owner) and one management personnel, offered at no cost if completed before the Studio's opening. This training focuses on the operational aspects of running a STRETCH MED studio and takes place at the Franchisor's Home Office or another specified location.
The program consists of approximately 28 hours of classroom instruction. While additional participants can attend, the franchisee must cover the current training fee for each extra attendee. All expenses related to travel, lodging, meals, or other costs for attendees are the responsibility of the franchisee.
Ongoing Training
STRETCH MED may periodically provide additional seminars or training programs, which can be mandatory for owners and managers. These programs might include webinars and in-person meetings scheduled on a weekly, monthly, quarterly, or annual basis. The franchisor reserves the right to charge a reasonable fee for these seminars, with all associated travel and living expenses borne by the franchisee.
Additional Training or Assistance
Franchisees can request further training beyond the initial program, provided at the franchisee's expense. This additional training may involve costs of up to $300 per day plus expenses at the franchisor's designated location, and $500 per day plus travel expenses for training at the franchisee's Studio.
Webinar sessions may range from $50 to $100 each. The franchisor may also offer periodic advice, consultation, and assistance as needed.
The franchise offers territory protection to its franchisees, granting them exclusive rights to operate within a specified area. This protection is subject to the terms outlined in the Franchise Agreement and the franchisor's policies, ensuring that no other franchisee can establish a studio within the defined territory.
This exclusive territory is designed to provide franchisees with a competitive advantage and the potential to maximize their market share. By securing a defined area, franchisees can focus on building their customer base and brand presence without the concern of internal competition from other franchise locations.
