TL;DR
LIVE Hydration Spa is a health and wellness franchise concept that specializes in IV therapy, with over 27 locations open and in development across the US. The initial investment required to open a Live Hydration Spa franchise ranges from $147,075 to $319,783.
REPORTED COST TO GET IN: $147,075 to $319,783
REPORTED ROI (Item 19): $478,718 (average franchise gross sales)
LIVE Hydration Spa is a health and wellness franchise concept that specializes in using intravenous (IV) therapy to deliver essential nutrients like vitamins, minerals and amino acids directly into guests’ bloodstreams, promoting rapid and effective health benefits.
Founding and concept
LIVE Hydration Spa was founded in 2018 by healthcare professionals Felicia Janovich and Cassandra Kuhl, who sought to fill the need for reliable and effective IV treatment services in their community. The concept was an instant success and the pair opened a second location in 2020 and began offering franchise opportunities just one year later.
“At LIVE Hydration Spa we focus on wellness versus the one and done treatments to better enhance our client retention. We wanted to bring a personal feeling back to medicine! Getting our patients to put their health first and LIVE Hydration Spa is there to help them achieve that,” the brand writes on its website.
As of December 2023, there are more than 27 LIVE Hydration Spa locations open and in development across the country.
Business model and lifestyle
LIVE Hydration Spa describes its business model as being a “recession resistant” opportunity that provides franchise owners with a flexible lifestyle. At its core, the business combines medical expertise with holistic care. Additionally, LIVE Hydration Spa operates a membership model where members pay a monthly fee to access ongoing services. This allows franchise owners to enjoy a recurring revenue stream.
Franchisees are not required to have prior healthcare experience. Instead, ideal owners should be passionate about people, community-oriented, have a desire to scale and be relationship builders. Being community-focused is important as franchisees will be helping enhance the overall quality of life within their own communities through LIVE Hydration Spa’s services.
Each franchise location sits between 1,000 to 2,000 square feet. Franchisees are also provided with ongoing training, marketing assistance and development support to get their businesses up and running.
According to third-party sources, in 2022 the average LIVE Hydration Spa franchisee saw gross sales of approximately $478,718 and an average gross profit of 20.4%. To learn more, contact the team about reading the Franchise Disclosure Document (FDD), which will state the total earnings of any company or franchise-owned unit as a reference.
Investment and fees
As of the publishing of this story, the initial investment required to open a Live Hydration Spa franchise ranges from $147,075 to $319,783. This investment is broken down into the following costs:
Initial Franchise Fee: $49,500
Construction and Leasehold Improvements: $40,000 to $100,000
Lease Deposits: $6,500 to $20,833
Furniture, Fixtures and Equipment: $5,000 to $10,000
Initial Inventory: $7,000 to $9,000
Signage: $6,000 to $12,000
Grand Opening Marketing: $11,000
Software Purchase and Setup fee: $3,750
Utility Deposits: $0 to $800
Insurance Deposits: $650 to $1,200
Travel for Initial Training: $2,000 to $2,500
Professional Fees: $3,000 to $6,000
Licenses and Permits: $475 to $1,200
Additional Funds - Six Months: $12,000 to $92,000
Interested candidates must also have a minimum net worth of at least $150,000.
The initial franchise fee required to open a LIVE Hydration Spa franchise is $49,500. Franchise owners are also required to pay an ongoing 7.5% royalty fee and a 1% brand fund fee.
LIVE Hydration Spa offers a 10% discount off its initial franchise fee for qualified veterans.
Felicia Janovich – Co-Founder
Cassandra Kuhl – Co-Founder
Gwynne Wickman – Director of Franchise Success and Onboarding
Megan Lackman – Director of Operations
Meet the Founders of LIVE Hydration Spa | YouTube
LIVE Hydration Spa 2023 Franchise Disclosure Document (FDD)
LIVE Hydration Sp Franchise Profile | Franchise Sidekick
Patient Testimonial with Andy Janovich | YouTube
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In this story
This story was originally published in 1851 Franchise on February 23, 2024. Burnaze summarizes and links to the original reporting.
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