Is
VIO Med Spa
a franchise?
VIO Med Spa, established in 2017 by VIO Franchise Group, LLC, is a boutique medical spa franchise that began its franchising operations in 2018. The franchise is headquartered in Strongsville, Ohio. Specializing in wellness and aesthetic services, VIO Med Spa has quickly made its mark in the industry by offering a range of treatments customized to meet individual needs. The services provided by VIO Med Spa include various cutting-edge technologies and therapies aimed at defying age, enhancing beauty, and building confidence.
Safety and quality are paramount at VIO Med Spa, where the staff is rigorously trained and certified to meet national standards. The spa offers a comprehensive array of services, emphasizing an easy and valued experience for guests. This approach is centered on positively impacting the body, skin, and mind of their guests through personalized treatments and education.
The spa operates in the rapidly growing aesthetics industry, a sector valued at $15 billion and expected to grow significantly. VIO Med Spa's market position is bolstered by its scale and continued growth, making it a competitive player in the marketplace. The franchise appeals to a wide demographic, including Baby Boomers, Gen X, and Millennials, capitalizing on the increasing social acceptance of aesthetic services.
How many
VIO Med Spa
franchises
are there?
What are the
VIO Med Spa
franchise
fees?
Initial Franchise Fee
Upon the execution of the agreement, the franchisee is required to pay an initial franchise fee of $50,000. This fee is fully earned by the franchisor upon the agreement's execution and is non-refundable.
Royalty Fees
Throughout the term of the agreement, the franchisee must pay a weekly non-refundable royalty fee equal to 6% of the franchisee's weekly Gross Sales. Additionally, there is an option for a fixed fee Royalty Fee structure, starting from $1,500 per week in the first year and increasing over time.
Technology Fee
Franchisees are required to pay a monthly non-refundable technology fee for access to Business Management Systems and other systems designated by the franchisor. The franchisor reserves the right to implement and change the technology fee and the services covered by it.
Brand Development Fund Fee
The franchisee is obligated to pay a Brand Development Fund Fee as set forth in the agreement. This fee is for brand development initiatives.
Transfer Fee
In case of a transfer of the franchise, a transfer fee of $10,000 is applicable. This fee is due after franchisor approval and before the execution of final transfer agreements.
Renewal Fee
For the renewal of the franchise agreement, a renewal fee of $5,000 is charged. This fee is payable upon signing the current franchise agreement at the time of renewal.
Note: The fees presented here can be found in the Item 5 of the Franchise Disclosure Document. For a complete list of all the fees borne by the franchisee, please consult the Franchise Disclosure Document.
How much does
it cost
to start a
VIO Med Spa
franchise?
Note: The table above provides a snapshot of the main costs associated with starting the most common franchise format (as disclosed in the Item 7 of the Franchise Disclosure Document). For a complete overview of all the expenses involved with the various formats offered by the franchisor, please consult the Franchise Disclosure Document.
Does
VIO Med Spa
provide
training
to its
franchisees?
The V/O Med Spa franchisor provides a comprehensive training program for franchisees, which includes the following key components:
Initial Training
- Participants: The Managing Owner and one manager must complete the franchisor's initial training program.
- Duration and Content: The training is conducted no later than 45 days prior to the scheduled business commencement date and covers various aspects crucial for operating the franchise. It may include classroom and on-the-job instruction at a location designated by the franchisor.
- Additional Participants: If more than two individuals from the franchisee side wish to attend, an additional fee of $1,000 per person is charged.
Supplemental Training
- Provision and Cost: Franchisor may offer supplemental training on-site at the franchisee's location or remotely. The fee for supplemental training is $5,000 per trainer per day, plus travel and accommodation expenses.
- Circumstances for Supplemental Training: This is required when a new Operating Manager is hired or if the franchisor determines that the franchisee is not meeting operational standards.
Refresher and Additional Training
- Obligation: Franchisees must attend and successfully complete all refresher training courses, system-wide training courses, additional training programs, and seminars as designated by the franchisor.
- Cost Responsibility: Franchisees are responsible for all costs associated with attending these programs, including transportation, lodging, meals, and wages.
Does
VIO Med Spa
provides
territory
protection?
The VIO Med Spa franchise system does not offer exclusive territory protection to its franchisees. Franchisees may face competition from other franchisees, outlets owned by the franchisor, or from other channels of distribution controlled by the franchisor, even within their designated operational territory.
Can a
VIO Med Spa
franchise
be run as
a passive
investment?
The VIO Med Spa franchise system does not allow for purely passive investment. The franchisor requires active involvement in the management and operation of the franchise, either by the managing owner or an approved operating manager who must complete the franchisor's training program.
This emphasis on active, continuous, and substantial personal involvement indicates that passive investment or absentee ownership is not permitted within this franchise system.
