“We’re honored to be named among the ‘Fast and Serious’ companies for the second year in a row,” said Joe Luongo, chief operating officer, Massage Envy Spa. “The growth we achieved in 2014 with the opening of our 1,000th location, expanding the brand’s presence into our 49th state, and reaching $1 billion in system-wide sales has given us momentum as we roll into 2015. It’s exciting to see the company recognized in the industry as a successful brand that continues to grow and thrive, while introducing more people to the benefits of massage and facials.”
The Franchise Times’ “Fast and Serious” list is based on a formula that identifies fast-growing franchise systems that also have staying power. Franchise Times developed a proprietary 10-point formula, including percentage of sales growth, percentage of unit growth, dollar sales growth and numerical unit growth over the past three years, with more weight given to acceleration in years two and three. The Franchise Times’ Top 200 plus 300, the annual ranking of the largest franchise systems by revenue, is used as the database for “Fast and Serious.” The team identified companies with system-wide sales above $40 million, the floor for consideration for the listing.
Today, Massage Envy Spa is the largest system of franchised massage clinics in the industry. The company is also the world’s largest employer of licensed/registered massage therapists with more than 25,000 therapists and estheticians providing over 18 million massages a year to a total of more than 1.5 million members.
Over the next several years, Massage Envy Spa plans to continue to grow across the country and is seeking franchisee candidates who have the ability and the desire to learn and follow a system that values customer service and satisfaction. Franchisee candidates should have business sales or management experience, but do not necessarily need to have a massage therapy or spa operations background. They also should possess a minimum net worth of $500,000 and liquid assets of at least $150,000. Depending on the real estate, Massage Envy Spa franchisees can expect their initial investment to range from approximately $412,600 – $938,900, including the franchisee fee.