Medical Services Franchise Questions – Star Wellness®
Do I need to have medical experience to be a franchisee?
No, you do not need a medical background to become a franchisee. We look for franchise owners who will be committed to the idea of wellness and prevention programs. A variety of experience including knowledge of human resources, corporate benefits, nutrition, municipality administration, finance, sales and medical are each valid components to build a successful Star Wellness franchise. Regardless of your background, we’ll provide you the support you need to run your Star Wellness® business.
How much will the Star Wellness® franchise investment cost me?
The estimated required investment for a Star Wellness® franchise ranges between $67,000 and $121,000 for a start-up location, including a franchise fee of $45,000. As with any new business venture, it’s important that you have the capital needed to adequately fund your new business.
What will I receive as part of the Star Wellness® franchisee?
We will provide corporate-based classroom training lasting up to five days. We will also provide up to three days of on-site help at the time of your first corporate health event, in addition to ample ongoing support. As a franchise owner, you will have access to all Star Wellness® trademarks, operational tools, research and procedures. We’ll also present you with a copy of our confidential operations manual to help you run your business properly on a day-to-day basis.
What types of fees or royalties do franchisees pay?
Franchisees will be required to pay royalties on a declining scale, based on annual gross revenues, of between 8% and 6%. These fees allow us to fund our ongoing support services and the continued development of procedures, marketing tools, training sessions, and other program updates.
Franchisees are also required to contribute up to 4% of revenues into a marketing fund, managed by the franchisor. Collected funds are used to develop marketing strategies to promote the Star Wellness® brand and fund the creative costs to develop any local franchise marketing materials and campaigns.
Is financing available?
We do not offer direct financing to franchisees. We may be able to provide references to qualified financing or lending agencies, on a case-by-case basis.
What is the term of the franchise agreement?
The initial term of your franchise agreement is five years, with renewal options.
How do I get started?
If you’re interested in finding out more about a Star Wellness franchise, call us at 1-888-962-8030 or fill out the request for franchise information form. Our franchise development specialist will answer your questions and help you with the next steps and documents you’ll need to make an informed decision.