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Franchising in the Spa Industry can be a lucrative opportunity for anyone who is looking to gain financial freedom.
Here are the top facts about running a spa franchise
Research reveals that the global spa market was worth $47.5 billion in 2020, with a growth rate of 12.1% between 2021 and 2028. It means that the spa industry is booming with opportunities for entrepreneurs.
Most people believe that women are the prime customers in the spa industry, but the International Spa Association research reveals that 49% of the clients are men.
A study conducted by AMTA Massage highlights that 93% of surveyed people believe that massages are beneficial for your overall health and wellness. Currently, there’s a growing emphasis on fitness and personal care, which offers individuals incredible business opportunities.
Due to the ongoing Covid-19 pandemic, spas expanded their services and integrated immunity-boosting and low-touch treatments. Cryotherapy facials, infrared saunas, compression therapy, hyperbaric oxygen chambers, and salt caves can all be used to expel body toxins.
Owning and managing a spa franchise allows you to benefit from an existing brand reputation and clientele.
The beauty industry continues to thrive and provide you with incredible business opportunities. Here we discuss the top reasons you should invest in a spa:
Opening a brand new, high-quality spa with high-quality services makes you a recognizable brand in the health and wellness industry. It also ensures your spa facility builds an unwavering reputation in the neighborhood.
Providing your customers with a personalized and consistent experience is a great way to boost brand trust and loyalty.
Influencers have transformed beauty marketing on YouTube, Instagram, and Tik Tok. In today’s world, consumers enjoy going online to interact with influencers. Research shows that influencer marketing is likely to reach a whopping $15 billion by 2022.
Opening your spa in a location that experiences high footfall allows you to benefit from spontaneous walk-in appointments where customers crave a good massage or want to soak in hot water.
Showcasing the end results is vital for running a successful and widely recognized spa. Luckily, you can quickly achieve this with before and after pictures, short reels, or by running adverts to show off what your products and services can achieve.
Running a spa aims to help people feel relaxed, happy, and good about themselves. Managing a spa franchise can be incredibly rewarding since you get to see customers walk out feeling satisfied and happy.
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