What kind of location is required for a C3 Wellness Spa?
C3_Wellness_Spa Franchise · 2024 FDDAnswer from 2024 FDD Document
lower than the estimates provided.
Note 3: Lease Deposits – You must operate your Spa Location Franchise from a commercial retail Spa Location that we approve and complies with state and local laws. If you do not already own or lease a suitable location, you will be required to lease a location that meets our standards and is approved by us. This estimate is based on the assumption that you will be leasing your Spa Location and is for the estimated amount of the initial lease deposit that you will be required to pay to the landlord at the time of signing your lease and before opening your Spa Location Franchise. The estimate is based on the assumption that your lease deposit will be equal to three months of rent payments. The typical square footage for a Spa is approximately 4,000 square feet. The amount of your lease deposit is something that you will directly negotiate with the landlord and will vary significantly based on a number of factors that include location and your own negotiations. This estimate does not include the purchase of real property should you elect to purchase the real property of your Spa Location.
Note 4: Furniture, Fixtures and Equipment – You will be required to purchase certain types of furniture, fixtures and equipment for your Spa Location Franchise. The costs for furniture and fixtures may differ depending on the material quality and on other factors. Significant factors that will influence and will increase the cost of furniture, fixtures and equipment will depend on the size of the facility for your Spa
Location Franchise. It is assumed that some of the equipment will be leased. If you elect to purchase such equipment, your costs may be higher. Third party financing may be available for qualified candidates for some of the leasehold improvement costs, however, with such financing comes associated costs and fees which will cause the cost to exceed what is indicated in this chart.
Note 5: Initial Retail Inventory – Before opening your Spa Location Franchise you must purchase from us or our affiliates an initial supply of branded C3 Wellness retail inventory for sale to customers. This is only an initial supply and will require replenishment on a regular an on-going basis based on the volume of sales of your Spa Location Franchise.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 21–25)
What This Means (2024 FDD)
According to the 2024 C3 Wellness Spa Franchise Disclosure Document, franchisees must operate their spa from a commercial retail location that C3 Wellness Spa approves and that complies with all state and local laws. The FDD estimates the typical square footage for a spa to be approximately 4,000 square feet. The franchisor assumes that the site will be obtained in the "vanilla box" stage, meaning the interior already has heating/cooling systems, essential lighting, electrical outlets, lavatories, a finished ceiling, walls prepped for painting, and a concrete slab floor.
If a franchisee does not already own or lease a suitable location, they will need to lease one that meets C3 Wellness Spa's standards and receives their approval. The lease deposit is estimated to be equivalent to three months of rent payments. However, the actual amount of the lease deposit will be negotiated directly with the landlord and can vary significantly based on factors such as location and the franchisee's negotiation skills. The estimate provided does not include the purchase of real property if a franchisee chooses to buy the location.
Prospective franchisees should note that the costs for construction, construction management, and build-out of the spa location do not include furniture, fixtures, and equipment. The estimate does include flooring, wallpaper, and other specialized décor required by C3 Wellness Spa. The estimates do not include architect fees or other fees charged by licensed professionals other than general contractors and licensed tradesmen, and they do not include any special heating, cooling, or ductwork required by a spa. Franchisees are also responsible for utility deposits to secure gas, electric, water, sewer, and internet access.