BodyBrite Franchise Cost & Fees
Date of Incorporation: 2012
Franchising Since: 2012
Headquarters: Minneapolis, MInnesota
Business Description: Simply HairFree Franchising, LLC d/b/a BodyBrite is the franchisor. The franchisor grants franchises for the establishment, development, and operation of single unit franchised businesses offering hair removal and body rejuvenation services, lotions, and related goods and services under the BodyBrite mark. The precise services offered at a particular Center will depend on state regulations.
Franchise Offer: The franchisor franchises the right to operate hair removal, body rejuvenation, and other beauty services centers utilizing franchisor’s proprietary operating system and marks, including the mark BodyBrite.
Financial Assistance: The franchisor does not offer direct or indirect financing. The franchisor will not guarantee a franchisee’s note, lease, or other obligations.
Training and Assistance: The required training lasts up to 8 days and shall consist of 5 days of classroom and practical experience as well as 2-3 days of grand opening support and training. All initial training will occur at corporate headquarters in Minneapolis, Minnesota or at any other location the franchisor may select, or at the franchisee’s Center. The franchisor will provide ongoing assistance, in its discretion, by telephone, facsimile, internet or intranet communication, and on-site visits. To assist franchisees in operating the Center, the franchisor may offer additional training programs and/or refresher courses to franchisees, their manager, and/or their employees. The franchisor may, in its discretion, hold an Annual Conference at a location to be selected by the franchisor.
Territory: The Approved Location will be contained within a protected territory. The size of the Territory will depend on a number of factors, including the number of households and the retail environment where the Territory exists. While there is no minimum size for a Territory, Territories generally consist of at least 20,000 individuals. The franchisor will not locate another Center operating under the Proprietary Marks and System within the Territory, whether company-owned or otherwise, except for certain situations explained in the FDD.
Term of Agreement and Renewal: The length of the initial franchise term is 10 years. Franchisees have the right to renew the franchise agreement for two successive, additional 5-year periods provided certain conditions are met.
Obligations and Restrictions: Franchisees (or at least one of the principals if the entity is a corporation, partnership or limited liability company) must personally supervise the day-to-day operations of any Center operated. Franchisees must devote their personal full-time attention and best efforts to the management and operation of the Center. Franchisees may, however, delegate the day-to-day operation of the Center to a manager. Franchisees must offer and sell all of the services that we require and only the services that the franchisor authorizes for the System. Franchisees will not offer to sell or provide at or through their Center(s) any merchandise, products, or services that the franchisor has not approved in writing, or use the premises for any other purpose other than the operation of the Center.
Estimated Number of Units: 205
|Name of Fee||Low||High|
|Initial Franchise Fee||$35,000||$35,000|
|Training Expenses (For 2-3 people)||$1,500||$3,000|
|Leases and Security Deposits||$3,000||$9,000|
|Grand Opening Advertising||$9,000||$9,000|
|Miscellaneous Operating Costs||$500||$3,000|
|Business Licenses, Permits and Other Deposits||$300||$1,500|
|Initial Hardware/Software Costs||$500||$2,000|
|Additional Funds - 3 months||$30,000||$50,000|
|Type of Fee||Amount|
|Royalty||6% of Gross Sales.|
|National Marketing Fee||3% of gross sales revenue with a minimum of $400/month.|
|Transfer Fee||Up to 50% of the then-current Initial Franchise Fee or Area Development Fee, as applicable.|
|Renewal Fee||50% of Then-current Initial Franchise Fee.|
|Collection Costs, Attorneys’ Fees, Interest||Fees and Costs Incurred plus Interest at 18% or Highest Lawful Interest Rate for Commercial Transactions.|
|Insurance||Cost of Insurance (estimated at $4,000- $6,000 annually). If franchisees fail to maintain their insurance as required, the franchisor has the right to procure insurance on their behalf and charge an 18% administrative fee in addition to the cost of the insurance.|
|Audit/Inspection Costs||Cost of Audit and/or Inspection.|
|Additional Training/Ongoing Assistance||Currently $750 per day plus expenses for onsite assistance; Currently $0 per day plus expenses for additional training at another specified location.|
|Indemnification||Amount of Claim or Judgment.|
|Supplier Approval/Testing Costs||$250 Application Fee plus Costs of Testing.|
|Post-Termination and Post-Expiration Expenses||Costs and Expenses Associated with the franchisee’s Ceasing of and De-identification With the Business.|
|Insufficient Funds||$25/Occurrence plus Interest at 18% or Highest Lawful Interest Rate for Commercial Transactions.|
|Late Report Fee||$100|
|Late Payment Fee||$10/Day plus Interest at 18% or Highest Lawful Interest Rate for Commercial Transactions.|
|Machine Update Fee||Costs of Upgrading Machine.|
|Replacement IPL Machine, Teeth Whitening Machine, Microdermabrasion Machine, and DermaOxy Facial Machine Fee||Then-current cost of the machine.|
|Furniture Update Fee||Approximately $5,000-$8,000.|
|Machine Maintenance Program||$150/month per Sincoheran IPL Machine; $10/month per teeth whitening machine; $25/month per DermaOxy Facial Machine; $25/month per microdermabrasion machine.|
|Remote Maintenance and Center Management Software||$70-$150/month|
|Hardware/Software Update Costs||No More than $2,500 Every Two Years|
The above information has been taken from the FDD of BodyBrite. Year of FDD: 2016
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