Elite Med Spa
Yes, we actively support the inclusion and development of minority-owned franchises in the Elite Med Spa system.
Elite Med Spa
601 S. Harbour Island, # 103
Tampa, FL 33602
800#: (888) NO-SHAVING
Tel: (813) 870-1125
Fax: (813) 221-0350
E-mail: info@elitemedspa.com
Web Site: www.elitemedspa.com
Contact: Mr. Vijay R. Tummala, VP Sales and Marketing
The medical spa industry has doubled in the last 4-5 years and will double again in the next 2 years. We are dedicated to providing our customers with a rejuvenating experience - from laser hair removal to botox to dermafiles to products. We offer a more comprehensive suite of services and products relative to others. Franchise offers a proven, successful management team with you every step of the way and a complete turnkey franchise.
Franchisor Background
Established: 2003
First Franchise: 2006
Franchise Units: 0
Company-Owned Units: 2
Total Units: 2
Distribution:
> North America -- Operations in 1 State
> States/Provinces with Greatest Density: 2 in FL
Units Owned by Minorities:
>African-American:
>Hispanic: 1
>Asian-American: 1
>Native American:
>Other:
Average Number of Employees: 2 FT, 2 PT (FT = Full Time, PT = Part Time)
Space Needs: 800 SF; FS, Off. Space w/ Patient Room
(for abbreviations click here)
Financial Requirements
Cash Investment: $135K+
Total Investment: $135-250K
Average Total Investment: $135K
Minimum Net Worth: $$1MM
Fees
>Franchise: $85K
>Average Franchise Fee: $85K
>Royalty: 5%
>Advertising: 2%
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 1/1
Passive Ownership: Discouraged
Area Development Agreements:Yes/TBD
Sub-Franchising Contracts: No
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: Yes
Cooperative Advertising: Yes
Franchisee Assoc. / Member: No
Size Of Corporate Staff: 7
On-Going Support: C,D,E,h (for an explanation click here)
Training: 2 Days Clinical Procedure; 2 Days Laser Hair Machine; 2 Days Franchise Operations - All at Franchise Location.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: All United States
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.
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