This high-ceiling opportunity is a rare find in the franchising world! The Area Representative (Developer) of a fast-growing national spa franchise that owns multiple states is selling the development rights to the state of Arkansas along along with two existing units. Arkansas has actually the potential for 13+ total units.
Buyer will assume the role of Area Representative (pending franchise approval) and will be responsible for developing the state either through personal ownership or by assisting franchisees along with opening units. Area Representative revenue will include 1) profits from both personally-owned units, 2) half of the net franchise fees collected by Franchisor for brand-new units, and 3) a healthy residual income as a % of the total sales in Arkansas. Additional revenue opportunities exist for assuming development or management duties on behalf of absentee owners.
Existing units both opened in 2015 in prime locations in Northwest Arkansas. Both were built along with careful attention to every detail. The units are currently operating along with a Spa Director in place to handle day-to-day management of the units so Area Representative can focus on Business Development initiatives.
The emerging franchise system started franchising in 2012 and is led by an endured and tenacious headquarters team. Most key regions have actually been sold, and unit growth is accelerating rapidly. Extensive training and support is provided both to franchisees and brand-new Area Representatives.
The deal structure will be an asset sale. The asking price is $1,125,000. Buyer will assume existing leases in both Northwest Arkansas locations. Seller will provide management onboarding assistance to buyer at no cost for up to 4 weeks and will execute a non-compete agreement for 2 years within 50 miles. Any deal reached between buyer and seller is subject to the buyer being approved by the franchise.