With so many health franchise opportunities to choose from, it can be difficult to decide which one is right for you. At IV Nutrition, we strive for transparency with our potential investors. That’s why we’re breaking down the key points of the investment for you right here! Reach out to us for more information once you’ve reviewed it, and we’ll arrange to send you a copy of our franchise disclosure document. For now, read on to learn more about the key points of an investment in our health and wellness franchise.
Breaking Down the Numbers
The cost of starting any new business will vary depending on a number of factors. When you open an IV Nutrition, the size and location of your clinic will have a significant impact on your estimated total investment. We estimate that the total cost of opening one of our clinics will be between $138,220-$283,850 depending on factors like these.
This comprehensive figure includes just about everything you’ll need to get your business up and running, including a modest franchise fee of $49,500. This one-time fee helps us cover the costs associated with getting your location up and running, and grants you access to our innovative business model and our trusted brand name. As with other health franchise opportunities, there are a few small ongoing fees you should prepare for, including a 6% royalty fee and a 2% advertising fee. You’ll find that the resources and benefits you’ll enjoy on an ongoing basis are more than worth these nominal fees. We also provide an easier way to get funding for your IV Nutrition Franchise.
A Turnkey Health and Wellness Franchise
One of the most significant benefits of partnering with IV Nutrition is that we’re a turnkey business model, meaning your investment grants you access to just about everything you need to establish your new clinic. Your estimated initial investment includes things like a leasehold on your location, inventory, three months of operating expenses, and travel and living costs during your training.
Opening any new business can be stressful, but opening a business in a new field can be extremely risky. It’s easy to run into unexpected costs and hassles before and after your business is open. The most significant advantage to franchising with IV Nutrition is that we’ll be there to share our guidance and expertise with you all along the way. While it might seem tempting to try and “go it alone,” eliminating the need for franchise and royalty fees, our team can help you avoid many of the pitfalls associated with opening a new IV clinic. This expert guidance has already led IV Nutrition to experience rapid growth in our first year and sets us apart from other health franchise opportunities.
Qualifications to Open a Health and Wellness Franchise
As you can see, opening an IV Nutrition franchise requires a significant investment. We’re looking for franchisees who are prepared to manage all or part of the initial investment without financing. That’s why we ask that our franchisees have $55,000 in liquid assets. In our experience, having this level of available cash helps our franchise owners get their clinic up and running without significantly impacting their quality of life during the early months of their new business.
Of course, many franchisees opt to explore financing to help manage the investment. While IV Nutrition does not offer financing, we can refer you to third party lenders who can help you apply for loans like a Small Business Administration (SBA) loan. This is a great option for franchisees who are looking to get their business up and running with a low-interest loan with flexible terms.
Check out our support page to learn more about the resources you’ll enjoy when you become a franchisee!
