Multi-Unit Franchise Opportunities
The Multi-Unit Franchise Agreement
Potential franchise owners dream of owning their own business, while franchise multi-unit developers dream of owning their own empire. Whether you own one franchise location or multiple locations in one territory, each ownership model has its perks. Franchisors appreciate multi-unit developers because they help the brand quickly grow within a designated territory. These franchisees benefit from this brand growth, and they have the opportunity to turn a larger profit than by owning a single location.
Owning the exclusive rights to a franchise in a specific area can be a very lucrative investment. Here's what to look for in this opportunity.
What are Multi-Unit Developer Opportunities?
Franchise multi-unit developer opportunities allow owners to enter a franchise agreement with the intention of opening multiple locations within a territory during a set timeframe. When you own multiple units, you are less likely to be involved in the day-to-day operations of a single unit. You will instead be focused on the overall management of all of your units in your franchise area.
Advantages of Franchise Multi-Unit Opportunities
There are plenty of perks to entering a franchise agreement, whether you start with one location or open multiple locations. However, if you want to think big, there are additional perks if you want to open multiple locations from the start.
Most franchisors offer owners exclusive territories. The protected territory for a MassageLuXe spa location is typically a three-mile radius around the physical location of the spa. The size of the territory depends on population density, demographics, market trends, and traffic flows.
A franchise multi-unit opportunity may allow the right to lock in a larger territory when they sign their franchise agreement. They have market exclusivity while they take the time to develop multiple locations, whereas a franchisee who starts by opening a single location will not have exclusivity over a large market or region from the start.
Reduced Franchising Fees
Franchisors encourage potential franchisees to open multiple locations, so they often offer reduced startup and ongoing fees for multi-unit owners. In many cases, the franchise fee for additional locations is reduced once an initial location is opened.
When you commit to a Multi-Unit Development (MUD) agreement with MassageLuXe, you will receive a reduction on the initial franchise fee for the second and third locations. This discount helps you expedite the development of the market.
Franchise Multi-Unit Opportunities With MassageLuXe
Qualified, experienced individuals can sign a MUD agreement with MassageLuXe. This grants owners exclusive franchise development rights to a specific number of franchise units within a defined territory. The minimum MUD agreement is for three units.
With a MUD agreement, you may have a larger protected territory that consists of the individual locations you own and plan to develop. Each MUD territory is based on various market and economic conditions, such as population and household earnings.
The Ideal Franchise Multi Unit Candidate
MassageLuXe welcomes passionate entrepreneurs who are interested in starting or expanding their businesses. Franchise area developers must demonstrate:
- Prior successful business experience (preferably in sales, operations, or multi-unit ownership)
- Minimum liquidity of $250,000
- A net worth of at least $700,000
While prior business experience is encouraged for new franchise owners to open a MassageLuXe location, you do not need to have experience in the spa industry. After you successfully establish one MassageLuXe location, MassageLuXe makes it easy for you to invest in additional locations.
Develop a Multi-Unit Franchise
Does this sound like the right opportunity for you? Click here to learn more about how to start your MassageLuXe multi-unit franchise today.