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Health, Fitness & Beauty Report - Uniform Franchise Offering Circular/Franchise Disclosure Document
FranchiseHelp.com, Jan 2010, Pages: 54
The Health, Fitness & Beauty Survey analyzes 28 health, fitness and beauty franchises using 15 different criteria. The report profiles companies in all three sub-sectors: Health, Fitness and Beauty.
1. Health (Wellness) Related – Nine franchises in this category are surveyed and include pharmacies, vitamin shops, and healthy food products.
2. Fitness Related – Eight franchises in this report are gyms and weight loss centers which are geared towards all segments of the population.
3. Beauty Related – There are eleven franchises included in this category, ranging from hair salons to make-up to tanning salons.
“The wellness industry will be to this decade what the Internet was to the 90s” – prediction of Christy Kimbro, founder of YMI Yoga and Wellness Center in LA
Add to the wellness industry “beauty products and services,” and you have a very explosive business sector!Over the last five years, Americans have become extremely health conscious due to both an increased awareness of health risks and a strong emphasis placed on the fit and healthy body. Where in the past words like “soy”, “spa”, and “cardio-kickboxing” were foreign concepts, now they have become ingrained in our everyday vocabulary. The desire to become beautiful inside and out has created a global beauty industry that, according to analysts at Goldman Sachs, “is growing at up to 7% a year, more than twice the rate of the developed world’s GDP.” (The Economist, May 22, 2003 )
Some of the contributing factors to this tremendous interest and growth in health, fitness and beauty services and products are:
-Better technology, which has opened the door to a variety of surgeries that exist to help create the perfect body via a new nose, a flatter stomach, or cellulite-free legs.
-An increase in businesses that respond to this new sector, such as hair salons, spas, tanning salons and make-up services.
-An attentive audience of approximately 115 million Americans who, encouraged by health professionals, have helped items such as vitamins to become a regular purchase.
-Opportunities for everyone to get involved in this new frenzy by, for example, weight loss programs and gyms designed with quick, easy workouts that any person can participate in.
-Predictions of continued strong growth with a 50% increase in the number of diet-conscious Americans in the next year (National Center for Health Statistics).
For those of you already involved in or interested in franchising, the most exciting aspect of this industry’s growth and popularity is the fact that many of the most influential players in the sector are franchise systems.The Health Fitness & Beauty Survey 2003 contains valuable and hard -to-get information, such as number of closed units for franchisees; franchise fees, royalties, and advertising fees; and financing availability.
We believe that the information contained in these reports is valuable for potential and current franchisees and franchisors; financial firms and investors; and suppliers to this marketplace.
Companies Surveyed:
1. Big League Barbers
2. City Looks Salon International
3. Contours Express
4. Curves for Women
5. Executive Tans
6. Faces
7. Fitness for Life
8. Foot Solutions
9. GNC
10. Gold’s Gym
11. Great Clips
12. HCX haircolorxpress
13. Hair Color Saloon
14. Happy and Healthy Products
15. Jazzercise
16. Jenny Craig Weight Loss Centres
17. L A Weight Loss Centres
18. Medicap Pharmacies
19. Medicine Shoppe International
20. Medihealth Solutions
21. Merle Norman Cosmetics
22. Miracle Ear
23. Nation’s Medicines International
24. Passport Health
25. Snip n’ Clip
26. Sterling Optical
27. Super Cuts
28. World Gym International
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