THE NOW

Item 7 details the initial investment from $486,459 to $848,709, covering build-out for those chic boutique designs, equipment, and initial inventory—think $60,000 franchise fee up front, plus ongoing 6% royalties (minimum $2,500/month), 2% ad fund, $955-$1,200 monthly tech fee, and $925-$1,250 marketing agency fee. Item 19 shines with average gross revenue of $1,367,376 and median $1,366,900 across units, but estimated profits swing wildly from -$246,526 to $496,088, signaling high variance—top performers thrive on memberships, but underperformers bleed cash after fees eat 20%+ of sales. For a 2019 franchisor with 75 franchise locations (plus 4 corporate), that's credible scale in beauty/spa services.

Growth jumped 25% from 60 to 75 locations last year, with 20 new units projected, and 47 SBA loans averaging $528,738 show banks are buying in—lower risk for you if financing. No red flags on terminations or transfers in recent FDDs, but that profit range screams 'location matters' in this HQ'd-in-LA brand targeting urban wellness crowds. If you nail recurring clients, $1.3M+ sales could deliver strong ROI; otherwise, the mid-six-figure downside looms large.