What can 'Gift Cards' be used for at a C3 Wellness Spa?
C3_Wellness_Spa Franchise · 2024 FDDAnswer from 2024 FDD Document
(f) Gift Cards refers to gift card sales for future Approved Spa Products and Services.
(o) Other Services relates to all sales that are not Acupuncture Services, Facial Services, Massage Services, or Medical Services.
Other Services includes: (i) body contouring; (ii) medical spa services; (iii) permanent makeup; (iv) physical therapy; (v) salt therapy; (vi) product sales; (vii) class fees; (viii) IV therapy; (ix) all enhancements; and (x) Gift Cards, so long as such services and products are not covered by a customer's insurance.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 51–55)
What This Means (2024 FDD)
According to C3 Wellness Spa's 2024 Franchise Disclosure Document, gift cards can be used for future approved spa products and services. The FDD specifies that 'Gift Cards' refers to gift card sales for future Approved Spa Products and Services.
Furthermore, the FDD includes 'Gift Cards' as part of 'Other Services,' which also encompasses body contouring, medical spa services, permanent makeup, physical therapy, salt therapy, product sales, class fees, and IV therapy. However, these services and products must not be covered by a customer's insurance to qualify under 'Other Services.'
For a prospective franchisee, this means that revenue from gift card sales is classified under 'Other Services' in the financial reporting. It is important to note that the definition of 'Gift Cards' is limited to 'Approved Spa Products and Services,' so franchisees should ensure they understand which products and services are included in this category. Additionally, the stipulation that 'Other Services' are not covered by a customer's insurance is important for accurate revenue classification and financial reporting.