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Massage Envy franchise financing options
Compare costs, fees and where to get financing for a Massage Envy.
Estimated initial costs
Our cost estimates are accurate as of 2021 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 feesMassage Envy franchise fees total around $45,000, which is more than the $37,000 average for the 200 largest franchises.
|Initial franchise fee||$45,000 to $45,000|
|Royalty||6% of gross sales.|
|Estimated total||$45,000 to $45,000|
Equipment feesEquipment fees total $129,800 for Massage Envy. This is less than the $180,023 average for the top 200 franchises.
|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 feesReal 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.
|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 feesMassage Envy initial training costs total $3,500, which comes in under the nationwide average of $9,788.
|Training expenses||$2,000 to $5,000|
|Estimated total||$2,000 to $5,000|
Marketing costsAdvertisement and marketing costs total up to $15,000 for Massage Envy, which is more than the nationwide average of $9,938.
|Grand opening advertising program||$15,000 to $15,000|
|Estimated total||$15,000 to $15,000|
Licenses and permits costsMassage 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 expensesMiscellaneous expenses for Massage Envy total $18,500 — less than the nationwide average of $69,970.
|Professional fees||$7,000 to $30,000|
|Estimated total||$7,000 to $30,000|
How to financeSince the estimated total for Massage Envy is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Massage Envy franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Massage Envy about in-house financing for franchisees.
- 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.
- Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
- Once you settle on a lender, gather all required documents, including account statements and assets.
- 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.
Compare small business lendersYou 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.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How Massage Envy stacks upCompare 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 lineMassage 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.
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