Massage Envy franchise financing options

Overall costs for Massage Envy run anywhere from $521,850 to $719,000. See how the costs break down and what funding options might be right for your new venture into the franchise foray.

Estimated initial costs

Our cost estimates are accurate as of 2022 from Franchise Direct and include opening fees and expenses only. The location you choose for your Massage Envy franchise may result in higher or lower fees.

Franchise fees

Massage Envy franchise fees total around $45,000, which is more than the $37,000 average for the 200 largest franchises.

Franchise	Cost
Initial franchise fee	$45,000 to $45,000
Royalty	6% of gross sales.
Estimated total	$45,000 to $45,000

Equipment fees

Equipment fees total $129,800 for Massage Envy. This is less than the $180,023 average for the top 200 franchises.

Equipment	Cost
Initial opening package	$46,000 to $60,000
Computer system	$57,600 to $72,000
Signage	$6,000 to $18,000
Estimated total	$109,600 to $150,000

Real estate fees

Real estate will set you back $406,000 for Massage Envy, thought it's less than the average of $788,376 for the top 200 franchises.

Real estate	Cost
Security deposits	$6,000 to $10,000
Three months' lease rent	$11,000 to $29,000
Leasehold improvements	$326,000 to $430,000
Site survey fee	$2,000 to $4,000 (varies depending on scope of construction needed).
Estimated total	$343,000 to $469,000

Training fees

Massage Envy initial training costs total $3,500, which comes in under the nationwide average of $9,788.

Training	Cost
Training expenses	$2,000 to $5,000
Estimated total	$2,000 to $5,000

Marketing costs

Advertisement and marketing costs total up to $15,000 for Massage Envy, which is more than the nationwide average of $9,938.

Marketing	Cost
Grand opening advertising program	$15,000 to $15,000
Estimated total	$15,000 to $15,000

Licenses and permits costs

Massage Envy initial licenses and permits will set you back $2,625. This comes out to less than $18,770 — the overall nationwide average.

Licenses and permits	Cost
Business licenses and permits	$250 to $5,000
Estimated total	$250 to $5,000

Other expenses

Miscellaneous expenses for Massage Envy total $18,500 — less than the nationwide average of $69,970.

Other	Cost
Professional fees	$7,000 to $30,000
Estimated total	$7,000 to $30,000

All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2022.

How to finance

Since the estimated total for Massage Envy is on the more costly side, we recommend following these steps to get fully financed:

1. Go to the Massage Envy franchising website and review its financial requirements, including cash-on-hand requirements.
2. Reach out to Massage Envy about in-house financing for franchisees.
3. If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $620,425 estimated opening costs.
4. Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
5. Once you settle on a lender, gather all required documents, including account statements and assets.
6. Apply for financing online or in person as required by the lender.

What types of financing is available?

You have several options when it comes to financing a Massage Envy — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.

• Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
• Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of Massage Envy opening costs.
• SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.

Also check if Massage Envy franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.

Compare small business lenders

You may not need financing to cover the estimated $521,850. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.

How Massage Envy stacks up

Compare how Massage Envy holds up against two similarly sized franchises.

	Firehouse Subs	Massage Envy	HomeVestors of America
Average Franchise fees	$17,500	$45,000	$51,000
Average Equipment fees	$88,688	$129,800	$13,200
Average Real estate fees	$226,300	$406,000	$75,500
Average Training fees	NA	$3,500	$3,900
Average Inventory fees	$12,369	NA	NA
Average Marketing fees	$14,000	$15,000	$69,000
Average Licenses and permits fees	$6,390	$2,625	NA
Average Insurance fees	$4,000	NA	$5,000
Average Admin fees	$11,600	NA	$1,075
Average Personnel fees	NA	NA	NA
Average Other fees	$43,100	$18,500	$29,450

Bottom line

Massage Envy franchise costs run a total of $620,425. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.