The premier wellness services franchise stands strong as the only spa and facial concept on the coveted annual ranking.
PHILADELPHIA, July 08, 2019 /PRNewswire-PRWeb/ -- Massage and facial franchise Hand & Stone Massage and Facial Spa has grown immensely since its founding in 2004, now operating more than 400 spa locations across the U.S. and Canada. In addition to an impressive footprint, the dominant player in the massage and wellness space has earned a place on Forbes' annual "Best Franchises To Buy" list, taking the No. 8 spot in the high-investment category for 2019. The annual "Best Franchises To Buy" list recognizes 60 U.S. franchises and ranks them in terms of best opportunities for investors. Each of the ranked brands have also been analyzed in collaboration with industry research firm FRANdata.
FRANdata claims access to more than 40,000 franchise disclosure documents (FDDs). By using analytical tools, FRANdata was able to measure each franchise's true performance of success and rate them based on investment level. According to Forbes, Hand & Stone Massage and Facial Spa has seen a 25.41% 5-Year Growth Rate.
Hand & Stone is recognized as the only facial and spa concept ranked in the high-investment category for 2019. The premier facial and massage brand has also been featured among some of the most well-known franchises such as Panera Bread Bakery-Cafe and Culver's.
Bob McQuillan, Vice President of Franchise Development for Hand & Stone Massage and Facial Spa, was ecstatic to hear that the brand landed the No. 8 spot on Forbes' "Best Franchises to Buy" list.
"We are the only spa and facial concept to make the list. That is such an honor," said McQuillan. "We have worked very hard to get to the place we are at today and being ranked by Forbes' as one of the best franchises to buy in 2019 speaks volumes for our business."
Todd Leff, CEO of Hand & Stone Massage and Facial Spa, attributes a number of factors to the brand's inclusion on the list, including an outstanding membership-based model, a proven strategy for franchise development and exceptional services.
"We're building 60 to 70 locations per year. When it comes to average revenues, our competitors pale in comparison," said Leff. "Our membership-based recurring revenue model fuels profitability and speed of growth, which makes our brand very attractive. Back in 2010 we had only 28 locations; now nine years later, we have over 400 locations."
Hand & Stone Massage & Facial Spa ensures that each franchisee is set up for success with the implementation of a membership-based model. This model helps drive continuous growth and momentum for each franchisee which ultimately leads to a powerhouse business.
Hand & Stone Massage and Facial Spa offers three different service lines all under one roof: top-quality therapeutic massages, facials and hair removal services.
"We continue to launch new and innovative luxury services on both the massage and facials side of the business on a regular basis. For facials, we have recently launched microcurrent facials services and LED photo light therapy," said McQuillan."For massage, we recently launched paraffin hand and foot treatments and a fantastic new Himalayan Salt Stone massage. We are continuously looking for exceptional services that we can bring to the middle market at an affordable price."
This ability to tap into demand across a wide customer base positions Hand & Stone Massage and Facial Spa for continued expansion, especially as one of the leaders in the massage and facial industry. Additionally, Hand & Stone Massage and Facial Spa has shown significant growth in 2019 and has licensed 28 new franchise locations across the U.S. The brand is also looking to build on that momentum by actively targeting San Diego, Louisville, Tucson, Nevada, Boston, Kansas City, Georgia, San Antonia, Pittsburgh and Greater Indiana for development.
It's safe to say that Hand & Stone will make a strong showing in terms of consideration for the 2020 "Best Franchises to Buy" list.
ABOUT HAND & STONE MASSAGE AND FACIAL SPA
Hand & Stone is a 400-plus unit massage and facial spa franchise with a mission to bring massage and facial services to the masses. Launched in 2004, Hand & Stone now has locations in 33 states and Canada. The brand has been named No.1 in the spa category by Entrepreneur Magazine for 2019 and is the fastest growing spa concept in the country. To learn more about being part of the growth visit http://www.handandstonefranchise.com.