Franopolis
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    Hand and Stone Massage and Facial Spa

    Franchise research report · reviewed 2026 disclosure data

    Researching Hand and Stone Massage and Facial Spa franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources

    Hand and Stone franchises operate spas offering massage, facials, waxing, skincare, body contouring, and related retail products. Spas typically occupy space in strip malls or shopping centers and follow the franchisor’s service and operating standards.

    Headline figures

    Hand and Stone Massage and Facial Spa quick facts

    Is Hand and Stone Massage and Facial Spa a franchise?
    Yes. Hand and Stone Massage and Facial Spa offers franchises through a Franchise Disclosure Document. At the end of 2025, it reported 15 outlets in total (2026 FDD, Item 20, PDF p. 68).
    How much does it cost to open a Hand and Stone Massage and Facial Spa franchise?
    The Hand and Stone Massage and Facial Spa Franchise Disclosure Document reports separate estimated initial investments by format: $2,549,187 for three-spa total investment high (2026 FDD, Item 7, PDF p. 24); $926,673–$2,549,187 for three-spa total investment low (2026 FDD, Item 7, PDF p. 24); $320,891–$864,729 for total investment low (2026 FDD, Item 7, PDF p. 22); $864,729 for total investment high (2026 FDD, Item 7, PDF p. 22). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    What is the Hand and Stone Massage and Facial Spa initial franchise fee?
    The disclosed initial franchise fee for a standard single unit is $49,500 (2026 FDD, Item 5, PDF p. 14). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
    What ongoing fees does Hand and Stone Massage and Facial Spa charge?
    The disclosed ongoing royalty is 6% · % Gross Sales (2026 FDD, Item 6, PDF p. 15). The brand or advertising fund contribution is 2% · % Gross Sales (2026 FDD, Item 6, PDF p. 15). Other recurring fees are listed in Item 6. Details
    Does Hand and Stone Massage and Facial Spa disclose financial performance (Item 19)?
    Yes. The Hand and Stone Massage and Facial Spa FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 56). Figures apply only to the locations and period each one covers. Details
    How many Hand and Stone Massage and Facial Spa locations are there?
    The FDD reports 15 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 68). Existing locations do not indicate territory availability. Details
    Is Hand and Stone Massage and Facial Spa a good franchise to buy?
    Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 includes financial performance figures; check which locations and period they cover; Item 20 lists outlet openings, closures and transfers; Item 6 includes a brand or advertising fund contribution on top of royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.

    From reviewed FDD figures only. Not a recommendation or projection.

    What the disclosures show

    1. 1The 2026 FDD (Item 7) estimates opening costs separately by format: $2,549,187 (Three-spa total investment high); $926,673 – $2,549,187 (Three-spa total investment low); $320,891 – $864,729 (Total investment low); $864,729 (Total investment high); several initial fee options apply.
    2. 2Item 19 covers 117 separate groups: revenue for 4 locations; revenue for 109 locations; revenue for 135 locations; revenue for 147 locations; revenue for 146 locations; revenue for 146 locations; revenue for 4 locations; revenue for 147 locations; revenue for 585 locations; revenue for 147 locations; revenue for 4 locations; revenue for 15 locations; costs for 4 locations; costs for 15 locations; costs for 3 locations; revenue for 34 locations; revenue for 33 locations; costs for 34 locations; costs for 34 locations; costs for 33 locations; costs for 34 locations; costs for 34 locations; revenue for 4 locations; revenue for 3 locations; revenue for 4 locations; revenue for 15 locations; revenue for 145 locations; revenue for 143 locations; revenue for 570 locations; revenue for 146 locations; revenue for 109 locations; revenue for 109 locations; revenue for 147 locations; revenue for 15 locations; revenue for 585 locations; revenue for 4 locations; revenue for 3 locations; revenue for 4 locations; revenue for 135 locations; revenue for 143 locations; revenue for 145 locations; revenue for 147 locations; revenue for 570 locations; revenue for 147 locations; costs for 4 locations; revenue for 146 locations; revenue for 15 locations; revenue for 145 locations; revenue for 146 locations; revenue for 146 locations; revenue for 135 locations; revenue for 585 locations; revenue for 4 locations; revenue for 135 locations; revenue for 4 locations; revenue for 4 locations; revenue for 143 locations; revenue for 3 locations; revenue for 15 locations; revenue for 145 locations; revenue for 147 locations; revenue for 146 locations; revenue for 570 locations; revenue for 146 locations; revenue for 585 locations; revenue for 4 locations; revenue for 146 locations; revenue for 3 locations; revenue for 570 locations; revenue for 3 locations; revenue for 15 locations; revenue for 4 locations; revenue for 4 locations; revenue for 143 locations; revenue for 147 locations; revenue for 146 locations; revenue for 4 locations; revenue for 135 locations; revenue for 147 locations; revenue for 146 locations; revenue for 146 locations; revenue for 147 locations; revenue for 4 locations; revenue for 4 locations; revenue for 143 locations; revenue for 145 locations; revenue for 146 locations; revenue for 570 locations; revenue for 146 locations; revenue for 146 locations; costs for 4 locations; revenue for 585 locations; costs for 4 locations; revenue for 4 locations; revenue for 4 locations; revenue for 3 locations; costs for 4 locations; costs for 3 locations; costs for 4 locations; costs for 15 locations; costs for 4 locations; costs for 3 locations; costs for 15 locations; costs for 3 locations; costs for 15 locations; revenue for 33 locations; revenue for 34 locations; revenue for 134 locations; costs for 33 locations; costs for 134 locations; costs for 134 locations; costs for 33 locations; costs for 33 locations; costs for 34 locations; costs for 134 locations; costs for 33 locations; revenue for 109 locations. They are not combined.
    3. 3Outlets held steady in 2025, to 15 (United States, as labeled in the FDD, Item 20).

    From reviewed FDD figures only. Not a recommendation or projection.

    Costs · Items 5–7

    What does it cost to open?

    Estimated opening costs and the fees payable to the franchisor.

    Startup Investment — Item 7

    Range across 4 single-unit formats

    2026 FDD · Item 7

    Formats disclosed in Item 7 (4)

    Each format has its own total. The total depends on the format you choose.

    • Total investment lowPDF p. 22$320,891 – $864,729
    • Total investment highPDF p. 22$864,729
    • Three-spa total investment lowPDF p. 24$926,673 – $2,549,187
    • Three-spa total investment highPDF p. 24$2,549,187

    Standard single-unit franchise fee

    2026 FDD · Item 5 · PDF p. 14
    Discounted and multi-unit options are separate; see all fees.

    Ongoing Fees — Item 6

    Selected recurring charges; payment bases and conditions remain attached to each fee.

    Royalty feeMain ongoing fee

    36 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.

    Financial Performance — Item 19

    What results are disclosed—and for which locations?

    117 separate populations, shown apart. Revenue is not owner income.

    Locations counted: not stated in the reviewed record

    Revenue · 4 locations

    Who is counted
    Corporate Spas open 12 months or more; third 25% quartile, 2025
    Period
    Corporate Spas
    Excluded
    No exclusions stated for this corporate spa group.
    Method
    Third 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 109 locations

    Who is counted
    Franchised Outlets excluded from Table #6b in the third 25% gross-sales quartile
    Period
    third quartile
    Excluded
    Outlets that did not report expenses or had not operated for a full 12 calendar months as of December 31, 2025; this note reports gross sales for the excluded group.
    Method
    Average gross sales by quartile, calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 135 locations

    Who is counted
    Franchised Outlets open 12 months or more; top 25% quartile, 2025
    Period
    Franchised Outlets
    Excluded
    Thirty outlets that opened or closed during 2025 or were not open for a full 12 months were excluded.
    Method
    Top 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 147 locations

    Who is counted
    Franchised Outlets open 12 months or more; bottom 25% quartile, 2025
    Period
    Franchised Outlets
    Excluded
    Thirty outlets that opened or closed during 2025 or were not open for a full 12 months were excluded.
    Method
    Bottom 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 146 locations

    Who is counted
    All Outlets (Corporate Spas and Franchised Outlets) open 12 months or more; top 25% quartile, 2025
    Period
    All Outlets (Corporate Spas and Franchised Outlets)
    Excluded
    No additional exclusions stated for the explicitly labeled All Outlets group.
    Method
    Top 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 146 locations

    Who is counted
    All Outlets, Table #1c third 25% quartile; combined Corporate Spas and Franchised Outlets open 12 months or more.
    Period
    All Outlets (Corporate Spas and Franchised Outlets)
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Third 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 4 locations

    Who is counted
    Corporate Spas, Table #2a third 25% performance-based quartile; open and operating for the full 12 months.
    Period
    Corporate Spas
    Excluded
    None stated for this Corporate Spas group.
    Method
    Third 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 147 locations

    Who is counted
    All Outlets, Table #3c bottom 25% quartile; combined Corporate Spas and Franchised Outlets, calendar year 2025, open 12 months or more.
    Period
    All Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Bottom 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 585 locations

    Who is counted
    All Outlets, Table #4c total group; combined Corporate Spas and Franchised Outlets, calendar year 2025, open 12 months or more.
    Period
    All Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Total group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 147 locations

    Who is counted
    All Outlets, Table #5c bottom 25% quartile; combined Corporate Spas and Franchised Outlets, calendar year 2025, open 12 months or more.
    Period
    All Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets with less than 52 consecutive weeks of sales in calendar year 2025.
    Method
    Bottom 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 4 locations

    Who is counted
    Corporate Spas, Table #6a Gross Sales third 25% performance-based quartile, calendar year 2025.
    Period
    Corporate Spas
    Excluded
    No Corporate Spas were excluded from Table #6a; the table covers the 15 Corporate Spas.
    Method
    Third 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 15 locations

    Who is counted
    Corporate Spas, Table #6a Gross Sales total group, calendar year 2025.
    Period
    Corporate Spas
    Excluded
    No Corporate Spas were excluded from Table #6a; the table covers the 15 Corporate Spas.
    Method
    Total group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 4 locations

    Who is counted
    Corporate Spas; Table #6a Royalties and National Marketing Costs performance-based quartile or total group, calendar year 2025.
    Period
    Corporate Spas
    Excluded
    No Corporate Spas were excluded; Table #6a covers the 15 Corporate Spas.
    Method
    Top 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 15 locations

    Who is counted
    Corporate Spas; Table #6a Royalties and National Marketing Costs performance-based quartile or total group, calendar year 2025.
    Period
    Corporate Spas
    Excluded
    No Corporate Spas were excluded; Table #6a covers the 15 Corporate Spas.
    Method
    Total group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 3 locations

    Who is counted
    Corporate Spas; Table #6a Other Operating Costs performance-based quartile or total group, calendar year 2025.
    Period
    Corporate Spas
    Excluded
    No Corporate Spas were excluded; Table #6a covers the 15 Corporate Spas.
    Method
    Second 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 34 locations

    Who is counted
    Franchised Outlets; Table #6b Gross Sales top 25% quartile, calendar year 2025.
    Period
    Franchised Outlets
    Excluded
    436 of 600 Franchised Outlets were excluded from Table #6b because they did not report expenses or had not operated for the full 12 calendar months as of December 31, 2025.
    Method
    Top 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 33 locations

    Who is counted
    Franchised Outlets, Table #6b Gross Sales performance-based group, calendar year 2025.
    Period
    Franchised Outlets
    Excluded
    436 of the 600 Franchised Outlets were excluded from Table #6b because they did not report their expenses or had not operated for the full 12 calendar months as of December 31, 2025.
    Method
    Third 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 34 locations

    Who is counted
    Franchised Outlets, Table #6b Labor and Benefit Costs performance-based group, calendar year 2025.
    Period
    Franchised Outlets
    Excluded
    436 of the 600 Franchised Outlets were excluded from Table #6b because they did not report their expenses or had not operated for the full 12 calendar months as of December 31, 2025.
    Method
    Top 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 34 locations

    Who is counted
    Franchised Outlets, Table #6b Occupancy Costs performance-based group, calendar year 2025.
    Period
    Franchised Outlets
    Excluded
    436 of the 600 Franchised Outlets were excluded from Table #6b because they did not report their expenses or had not operated for the full 12 calendar months as of December 31, 2025.
    Method
    Top 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 33 locations

    Who is counted
    Franchised Outlets, Table #6b Occupancy Costs performance-based group, calendar year 2025.
    Period
    Franchised Outlets
    Excluded
    436 of the 600 Franchised Outlets were excluded from Table #6b because they did not report their expenses or had not operated for the full 12 calendar months as of December 31, 2025.
    Method
    Third 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 34 locations

    Who is counted
    Franchised Outlets, Table #6b Royalties and National Marketing Costs performance-based group, calendar year 2025.
    Period
    Franchised Outlets
    Excluded
    436 of the 600 Franchised Outlets were excluded from Table #6b because they did not report their expenses or had not operated for the full 12 calendar months as of December 31, 2025.
    Method
    Top 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 34 locations

    Who is counted
    Table #6b Franchised Outlets, top 25% quartile, calendar year 2025.
    Period
    Franchised Outlets
    Excluded
    436 of 600 Franchised Outlets were excluded from Table #6b because they did not report expenses or had not operated for the full 12 calendar months as of December 31, 2025.
    Method
    Top 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 4 locations

    Who is counted
    Corporate Spas open 12 months or more; top 25% quartile, 2025
    Period
    Corporate Spas
    Excluded
    No exclusions stated for this corporate spa group.
    Method
    Top 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 3 locations

    Who is counted
    Corporate Spas open 12 months or more; second 25% quartile, 2025
    Period
    Corporate Spas
    Excluded
    No exclusions stated for this corporate spa group.
    Method
    Second 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 4 locations

    Who is counted
    Corporate Spas open 12 months or more; bottom 25% quartile, 2025
    Period
    Corporate Spas
    Excluded
    No exclusions stated for this corporate spa group.
    Method
    Bottom 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 15 locations

    Who is counted
    Corporate Spas open 12 months or more; separately labeled Total group, 2025
    Period
    Corporate Spas
    Excluded
    No exclusions stated for this corporate spa group.
    Method
    Total group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 145 locations

    Who is counted
    Franchised Outlets open 12 months or more; third 25% quartile, 2025
    Period
    Franchised Outlets
    Excluded
    Thirty outlets that opened or closed during 2025 or were not open for a full 12 months were excluded.
    Method
    Third 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 143 locations

    Who is counted
    Franchised Outlets open 12 months or more; second 25% quartile, 2025
    Period
    Franchised Outlets
    Excluded
    Thirty outlets that opened or closed during 2025 or were not open for a full 12 months were excluded.
    Method
    Second 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 570 locations

    Who is counted
    Franchised Outlets open 12 months or more; separately labeled Total group, 2025
    Period
    Franchised Outlets
    Excluded
    Thirty outlets that opened or closed during 2025 or were not open for a full 12 months were excluded.
    Method
    Total group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 146 locations

    Who is counted
    All Outlets (Corporate Spas and Franchised Outlets) open 12 months or more; second 25% quartile, 2025
    Period
    All Outlets (Corporate Spas and Franchised Outlets)
    Excluded
    No additional exclusions stated for the explicitly labeled All Outlets group.
    Method
    Second 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 109 locations

    Who is counted
    Franchised Outlets excluded from Table #6b in the top 25% gross-sales quartile
    Period
    top quartile
    Excluded
    Outlets that did not report expenses or had not operated for a full 12 calendar months as of December 31, 2025; this note reports gross sales for the excluded group.
    Method
    Average gross sales by quartile, calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 109 locations

    Who is counted
    Franchised Outlets excluded from Table #6b in the second 25% gross-sales quartile
    Period
    second quartile
    Excluded
    Outlets that did not report expenses or had not operated for a full 12 calendar months as of December 31, 2025; this note reports gross sales for the excluded group.
    Method
    Average gross sales by quartile, calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 147 locations

    Who is counted
    All Outlets, Table #1c bottom 25% quartile; combined Corporate Spas and Franchised Outlets open 12 months or more.
    Period
    All Outlets (Corporate Spas and Franchised Outlets)
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Bottom 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 15 locations

    Who is counted
    Corporate Spas, Table #2a total group; all 15 open and operating for the full 12 months.
    Period
    Corporate Spas
    Excluded
    None stated for this Corporate Spas group.
    Method
    Total group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 585 locations

    Who is counted
    All Outlets, Table #1c total group; combined Corporate Spas and Franchised Outlets open 12 months or more.
    Period
    All Outlets (Corporate Spas and Franchised Outlets)
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Total group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 4 locations

    Who is counted
    Corporate Spas, Table #2a top 25% performance-based quartile; open and operating for the full 12 months.
    Period
    Corporate Spas
    Excluded
    None stated for this Corporate Spas group.
    Method
    Top 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 3 locations

    Who is counted
    Corporate Spas, Table #2a second 25% performance-based quartile; open and operating for the full 12 months.
    Period
    Corporate Spas
    Excluded
    None stated for this Corporate Spas group.
    Method
    Second 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 4 locations

    Who is counted
    Corporate Spas, Table #2a bottom 25% performance-based quartile; open and operating for the full 12 months.
    Period
    Corporate Spas
    Excluded
    None stated for this Corporate Spas group.
    Method
    Bottom 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 135 locations

    Who is counted
    Franchised Outlets, Table #2b top 25% performance-based quartile; outlets open at least 12 months.
    Period
    Franchised Outlets
    Excluded
    30 franchised outlets were not open and operating for a full 12 months as of December 31, 2025; 25 opened and 5 closed during 2025.
    Method
    Top 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 143 locations

    Who is counted
    Franchised Outlets, Table #2b second 25% performance-based quartile; outlets open at least 12 months.
    Period
    Franchised Outlets
    Excluded
    30 franchised outlets were not open and operating for a full 12 months as of December 31, 2025; 25 opened and 5 closed during 2025.
    Method
    Second 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 145 locations

    Who is counted
    Franchised Outlets, Table #2b third 25% performance-based quartile; outlets open at least 12 months.
    Period
    Franchised Outlets
    Excluded
    30 franchised outlets were not open and operating for a full 12 months as of December 31, 2025; 25 opened and 5 closed during 2025.
    Method
    Third 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 147 locations

    Who is counted
    Franchised Outlets, Table #2b bottom 25% performance-based quartile; outlets open at least 12 months.
    Period
    Franchised Outlets
    Excluded
    30 franchised outlets were not open and operating for a full 12 months as of December 31, 2025; 25 opened and 5 closed during 2025.
    Method
    Bottom 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 570 locations

    Who is counted
    Franchised Outlets, Table #2b total group; outlets open at least 12 months.
    Period
    Franchised Outlets
    Excluded
    30 franchised outlets were not open and operating for a full 12 months as of December 31, 2025; 25 opened and 5 closed during 2025.
    Method
    Total group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 147 locations

    Who is counted
    All Outlets, Table #2c bottom 25% performance-based quartile; combined Corporate Spas and Franchised Outlets, calendar year 2025, open 12 months or more.
    Period
    All Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Bottom 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 4 locations

    Who is counted
    Corporate Spas; Table #6a Other Operating Costs performance-based quartile or total group, calendar year 2025.
    Period
    Corporate Spas
    Excluded
    No Corporate Spas were excluded; Table #6a covers the 15 Corporate Spas.
    Method
    Third 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 146 locations

    Who is counted
    All Outlets, Table #2c top 25% quartile; combined Corporate Spas and Franchised Outlets open 12 months or more.
    Period
    All Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Top 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 15 locations

    Who is counted
    Corporate Spas, Table #4a total group; calendar year 2025, all 15 open and operating for the full 12 months.
    Period
    Corporate Spas
    Excluded
    None stated for this Corporate Spas group.
    Method
    Total group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 145 locations

    Who is counted
    Franchised Outlets, Table #4b third 25% quartile; calendar year 2025, outlets open at least 12 months.
    Period
    Franchised Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Third 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 146 locations

    Who is counted
    All Outlets, Table #2c second 25% quartile; combined Corporate Spas and Franchised Outlets open 12 months or more.
    Period
    All Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Second 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 146 locations

    Who is counted
    All Outlets, Table #2c third 25% performance-based quartile; combined Corporate Spas and Franchised Outlets, calendar year 2025, open 12 months or more.
    Period
    All Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Third 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 135 locations

    Who is counted
    Franchised Outlets, Table #4b top 25% quartile; calendar year 2025, outlets open at least 12 months.
    Period
    Franchised Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Top 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 585 locations

    Who is counted
    All Outlets, Table #2c total group; combined Corporate Spas and Franchised Outlets, calendar year 2025, open 12 months or more.
    Period
    All Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Total group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 4 locations

    Who is counted
    Corporate Spas, Table #3a third 25% performance-based quartile; calendar year 2025, open and operating for the full 12 months.
    Period
    Corporate Spas
    Excluded
    None stated for this Corporate Spas group.
    Method
    Third 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 135 locations

    Who is counted
    Franchised Outlets, Table #3b top 25% performance-based quartile; calendar year 2025, outlets open at least 12 months.
    Period
    Franchised Outlets
    Excluded
    30 franchised outlets were not open and operating for a full 12 months as of December 31, 2025; 25 opened and 5 closed during 2025.
    Method
    Top 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 4 locations

    Who is counted
    Corporate Spas, Table #3a top 25% performance-based quartile; calendar year 2025, open and operating for the full 12 months.
    Period
    Corporate Spas
    Excluded
    None stated for this Corporate Spas group.
    Method
    Top 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 4 locations

    Who is counted
    Corporate Spas, Table #3a bottom 25% performance-based quartile; calendar year 2025, open and operating for the full 12 months.
    Period
    Corporate Spas
    Excluded
    None stated for this Corporate Spas group.
    Method
    Bottom 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 143 locations

    Who is counted
    Franchised Outlets, Table #3b second 25% performance-based quartile; calendar year 2025, outlets open at least 12 months.
    Period
    Franchised Outlets
    Excluded
    30 franchised outlets were not open and operating for a full 12 months as of December 31, 2025; 25 opened and 5 closed during 2025.
    Method
    Second 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 3 locations

    Who is counted
    Corporate Spas, Table #3a second 25% performance-based quartile; calendar year 2025, open and operating for the full 12 months.
    Period
    Corporate Spas
    Excluded
    None stated for this Corporate Spas group.
    Method
    Second 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 15 locations

    Who is counted
    Corporate Spas, Table #3a total group; calendar year 2025, all 15 open and operating for the full 12 months.
    Period
    Corporate Spas
    Excluded
    None stated for this Corporate Spas group.
    Method
    Total group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 145 locations

    Who is counted
    Franchised Outlets, Table #3b third 25% performance-based quartile; calendar year 2025, outlets open at least 12 months.
    Period
    Franchised Outlets
    Excluded
    30 franchised outlets were not open and operating for a full 12 months as of December 31, 2025; 25 opened and 5 closed during 2025.
    Method
    Third 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 147 locations

    Who is counted
    Franchised Outlets, Table #3b bottom 25% performance-based quartile; calendar year 2025, outlets open at least 12 months.
    Period
    Franchised Outlets
    Excluded
    30 franchised outlets were not open and operating for a full 12 months as of December 31, 2025; 25 opened and 5 closed during 2025.
    Method
    Bottom 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 146 locations

    Who is counted
    All Outlets, Table #3c second 25% performance-based quartile; combined Corporate Spas and Franchised Outlets, calendar year 2025, open 12 months or more.
    Period
    All Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Second 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 570 locations

    Who is counted
    Franchised Outlets, Table #3b total group; calendar year 2025, outlets open at least 12 months.
    Period
    Franchised Outlets
    Excluded
    30 franchised outlets were not open and operating for a full 12 months as of December 31, 2025; 25 opened and 5 closed during 2025.
    Method
    Total group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 146 locations

    Who is counted
    All Outlets, Table #3c top 25% performance-based quartile; combined Corporate Spas and Franchised Outlets, calendar year 2025, open 12 months or more.
    Period
    All Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Top 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 585 locations

    Who is counted
    All Outlets, Table #3c total group; combined Corporate Spas and Franchised Outlets, calendar year 2025, open 12 months or more.
    Period
    All Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Total group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 4 locations

    Who is counted
    Corporate Spas, Table #4a top 25% quartile; calendar year 2025, all open and operating for the full 12 months.
    Period
    Corporate Spas
    Excluded
    None stated for this Corporate Spas group.
    Method
    Top 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 146 locations

    Who is counted
    All Outlets, Table #3c third 25% quartile; combined Corporate Spas and Franchised Outlets, calendar year 2025, open 12 months or more.
    Period
    All Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Third 25% group; average for calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 3 locations

    Who is counted
    Corporate Spas, Table #4a second 25% quartile; calendar year 2025, all open and operating for the full 12 months.
    Period
    Corporate Spas
    Excluded
    None stated for this Corporate Spas group.
    Method
    Second 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 570 locations

    Who is counted
    Franchised Outlets, Table #4b total group; calendar year 2025, outlets open at least 12 months.
    Period
    Franchised Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Total group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 3 locations

    Who is counted
    Corporate Spas, Table #5a second 25% quartile; calendar year 2025, open and operating for the full 12 months.
    Period
    Corporate Spas
    Excluded
    No Corporate Spas were excluded; all 15 Corporate Spas were open and operating for the full 12 months.
    Method
    Second 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 15 locations

    Who is counted
    Corporate Spas, Table #5a total group; calendar year 2025, all 15 open and operating for the full 12 months.
    Period
    Corporate Spas
    Excluded
    No Corporate Spas were excluded; all 15 Corporate Spas were open and operating for the full 12 months.
    Method
    Total group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 4 locations

    Who is counted
    Corporate Spas, Table #4a third 25% quartile; calendar year 2025, all open and operating for the full 12 months.
    Period
    Corporate Spas
    Excluded
    None stated for this Corporate Spas group.
    Method
    Third 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 4 locations

    Who is counted
    Corporate Spas, Table #4a bottom 25% quartile; calendar year 2025, all open and operating for the full 12 months.
    Period
    Corporate Spas
    Excluded
    None stated for this Corporate Spas group.
    Method
    Bottom 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 143 locations

    Who is counted
    Franchised Outlets, Table #4b second 25% quartile; calendar year 2025, outlets open at least 12 months.
    Period
    Franchised Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Second 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 147 locations

    Who is counted
    Franchised Outlets, Table #4b bottom 25% quartile; calendar year 2025, outlets open at least 12 months.
    Period
    Franchised Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Bottom 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 146 locations

    Who is counted
    All Outlets, Table #4c top 25% quartile; combined Corporate Spas and Franchised Outlets, calendar year 2025, open 12 months or more.
    Period
    All Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Top 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 4 locations

    Who is counted
    Corporate Spas, Table #5a third 25% quartile; calendar year 2025, open and operating for the full 12 months.
    Period
    Corporate Spas
    Excluded
    No Corporate Spas were excluded; all 15 Corporate Spas were open and operating for the full 12 months.
    Method
    Third 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 135 locations

    Who is counted
    Franchised Outlets, Table #5b top 25% quartile; calendar year 2025, outlets open at least 12 months.
    Period
    Franchised Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Top 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 147 locations

    Who is counted
    Franchised Outlets, Table #5b bottom 25% quartile; calendar year 2025, outlets open at least 12 months.
    Period
    Franchised Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Bottom 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 146 locations

    Who is counted
    All Outlets, Table #4c second 25% quartile; combined Corporate Spas and Franchised Outlets, calendar year 2025, open 12 months or more.
    Period
    All Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Second 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 146 locations

    Who is counted
    All Outlets, Table #4c third 25% quartile; combined Corporate Spas and Franchised Outlets, calendar year 2025, open 12 months or more.
    Period
    All Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Third 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 147 locations

    Who is counted
    All Outlets, Table #4c bottom 25% quartile; combined Corporate Spas and Franchised Outlets, calendar year 2025, open 12 months or more.
    Period
    All Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Bottom 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 4 locations

    Who is counted
    Corporate Spas, Table #5a top 25% quartile; calendar year 2025, open and operating for the full 12 months.
    Period
    Corporate Spas
    Excluded
    No Corporate Spas were excluded; all 15 Corporate Spas were open and operating for the full 12 months.
    Method
    Top 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 4 locations

    Who is counted
    Corporate Spas, Table #5a bottom 25% quartile; calendar year 2025, open and operating for the full 12 months.
    Period
    Corporate Spas
    Excluded
    No Corporate Spas were excluded; all 15 Corporate Spas were open and operating for the full 12 months.
    Method
    Bottom 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 143 locations

    Who is counted
    Franchised Outlets, Table #5b second 25% quartile; calendar year 2025, outlets open at least 12 months.
    Period
    Franchised Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Second 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 145 locations

    Who is counted
    Franchised Outlets, Table #5b third 25% quartile; calendar year 2025, outlets open at least 12 months.
    Period
    Franchised Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Third 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 146 locations

    Who is counted
    All Outlets, Table #5c top 25% quartile; combined Corporate Spas and Franchised Outlets, calendar year 2025, open 12 months or more.
    Period
    All Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Top 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 570 locations

    Who is counted
    Franchised Outlets, Table #5b total group; calendar year 2025, outlets open at least 12 months.
    Period
    Franchised Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Total group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 146 locations

    Who is counted
    All Outlets, Table #5c third 25% quartile; combined Corporate Spas and Franchised Outlets, calendar year 2025, open 12 months or more.
    Period
    All Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets with less than 52 consecutive weeks of sales in calendar year 2025.
    Method
    Third 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 146 locations

    Who is counted
    All Outlets, Table #5c second 25% quartile; combined Corporate Spas and Franchised Outlets, calendar year 2025, open 12 months or more.
    Period
    All Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets that were not open and operating for a full 12 months as of December 31, 2025 (25 opened and 5 closed during 2025).
    Method
    Second 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 4 locations

    Who is counted
    Corporate Spas; Table #6a Occupancy Costs performance-based quartile or total group, calendar year 2025.
    Period
    Corporate Spas
    Excluded
    No Corporate Spas were excluded; Table #6a covers the 15 Corporate Spas.
    Method
    Bottom 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 585 locations

    Who is counted
    All Outlets, Table #5c total group; combined Corporate Spas and Franchised Outlets, calendar year 2025, open 12 months or more.
    Period
    All Outlets
    Excluded
    The Item 19 excludes 30 franchised outlets with less than 52 consecutive weeks of sales in calendar year 2025.
    Method
    Total group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 4 locations

    Who is counted
    Corporate Spas, Table #6a Labor and Benefit Costs top 25% performance-based quartile, calendar year 2025.
    Period
    Corporate Spas
    Excluded
    No Corporate Spas were excluded from Table #6a; the table covers the 15 Corporate Spas.
    Method
    Top 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 4 locations

    Who is counted
    Corporate Spas, Table #6a Gross Sales top 25% performance-based quartile, calendar year 2025.
    Period
    Corporate Spas
    Excluded
    No Corporate Spas were excluded from Table #6a; the table covers the 15 Corporate Spas.
    Method
    Top 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 4 locations

    Who is counted
    Corporate Spas, Table #6a Gross Sales bottom 25% performance-based quartile, calendar year 2025.
    Period
    Corporate Spas
    Excluded
    No Corporate Spas were excluded from Table #6a; the table covers the 15 Corporate Spas.
    Method
    Bottom 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 3 locations

    Who is counted
    Corporate Spas, Table #6a Gross Sales second 25% performance-based quartile, calendar year 2025.
    Period
    Corporate Spas
    Excluded
    No Corporate Spas were excluded from Table #6a; the table covers the 15 Corporate Spas.
    Method
    Second 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 4 locations

    Who is counted
    Corporate Spas, Table #6a Labor and Benefit Costs third 25% performance-based quartile, calendar year 2025.
    Period
    Corporate Spas
    Excluded
    No Corporate Spas were excluded from Table #6a; the table covers the 15 Corporate Spas.
    Method
    Third 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 3 locations

    Who is counted
    Corporate Spas, Table #6a Labor and Benefit Costs second 25% performance-based quartile, calendar year 2025.
    Period
    Corporate Spas
    Excluded
    No Corporate Spas were excluded from Table #6a; the table covers the 15 Corporate Spas.
    Method
    Second 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 4 locations

    Who is counted
    Corporate Spas, Table #6a Labor and Benefit Costs bottom 25% performance-based quartile, calendar year 2025.
    Period
    Corporate Spas
    Excluded
    No Corporate Spas were excluded from Table #6a; the table covers the 15 Corporate Spas.
    Method
    Bottom 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 15 locations

    Who is counted
    Corporate Spas, Table #6a Labor and Benefit Costs total group, calendar year 2025.
    Period
    Corporate Spas
    Excluded
    No Corporate Spas were excluded from Table #6a; the table covers the 15 Corporate Spas.
    Method
    Total group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 4 locations

    Who is counted
    Corporate Spas, Table #6a Occupancy Costs top 25% performance-based quartile, calendar year 2025.
    Period
    Corporate Spas
    Excluded
    No Corporate Spas were excluded from Table #6a; the table covers the 15 Corporate Spas.
    Method
    Top 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 3 locations

    Who is counted
    Corporate Spas, Table #6a Occupancy Costs second 25% performance-based quartile, calendar year 2025.
    Period
    Corporate Spas
    Excluded
    No Corporate Spas were excluded from Table #6a; the table covers the 15 Corporate Spas.
    Method
    Second 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 15 locations

    Who is counted
    Corporate Spas; Table #6a Occupancy Costs performance-based quartile or total group, calendar year 2025.
    Period
    Corporate Spas
    Excluded
    No Corporate Spas were excluded; Table #6a covers the 15 Corporate Spas.
    Method
    Total group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 3 locations

    Who is counted
    Corporate Spas; Table #6a Royalties and National Marketing Costs performance-based quartile or total group, calendar year 2025.
    Period
    Corporate Spas
    Excluded
    No Corporate Spas were excluded; Table #6a covers the 15 Corporate Spas.
    Method
    Second 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 15 locations

    Who is counted
    Corporate Spas; Table #6a Other Operating Costs performance-based quartile or total group, calendar year 2025.
    Period
    Corporate Spas
    Excluded
    No Corporate Spas were excluded; Table #6a covers the 15 Corporate Spas.
    Method
    Total group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 33 locations

    Who is counted
    Franchised Outlets; Table #6b Gross Sales second 25% quartile, calendar year 2025.
    Period
    Franchised Outlets
    Excluded
    436 of 600 Franchised Outlets were excluded from Table #6b because they did not report expenses or had not operated for the full 12 calendar months as of December 31, 2025.
    Method
    Second 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 34 locations

    Who is counted
    Franchised Outlets, Table #6b Gross Sales performance-based group, calendar year 2025.
    Period
    Franchised Outlets
    Excluded
    436 of the 600 Franchised Outlets were excluded from Table #6b because they did not report their expenses or had not operated for the full 12 calendar months as of December 31, 2025.
    Method
    Bottom 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 134 locations

    Who is counted
    Franchised Outlets, Table #6b Gross Sales performance-based group, calendar year 2025.
    Period
    Franchised Outlets
    Excluded
    436 of the 600 Franchised Outlets were excluded from Table #6b because they did not report their expenses or had not operated for the full 12 calendar months as of December 31, 2025.
    Method
    Total group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 33 locations

    Who is counted
    Franchised Outlets, Table #6b Labor and Benefit Costs performance-based group, calendar year 2025.
    Period
    Franchised Outlets
    Excluded
    436 of the 600 Franchised Outlets were excluded from Table #6b because they did not report their expenses or had not operated for the full 12 calendar months as of December 31, 2025.
    Method
    Second 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 134 locations

    Who is counted
    Franchised Outlets, Table #6b Labor and Benefit Costs performance-based group, calendar year 2025.
    Period
    Franchised Outlets
    Excluded
    436 of the 600 Franchised Outlets were excluded from Table #6b because they did not report their expenses or had not operated for the full 12 calendar months as of December 31, 2025.
    Method
    Total group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 134 locations

    Who is counted
    Franchised Outlets, Table #6b Occupancy Costs performance-based group, calendar year 2025.
    Period
    Franchised Outlets
    Excluded
    436 of the 600 Franchised Outlets were excluded from Table #6b because they did not report their expenses or had not operated for the full 12 calendar months as of December 31, 2025.
    Method
    Total group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 33 locations

    Who is counted
    Table #6b Franchised Outlets, third 25% quartile, calendar year 2025.
    Period
    Franchised Outlets
    Excluded
    436 of 600 Franchised Outlets were excluded from Table #6b because they did not report expenses or had not operated for the full 12 calendar months as of December 31, 2025.
    Method
    Third 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 33 locations

    Who is counted
    Franchised Outlets, Table #6b Royalties and National Marketing Costs performance-based group, calendar year 2025.
    Period
    Franchised Outlets
    Excluded
    436 of the 600 Franchised Outlets were excluded from Table #6b because they did not report their expenses or had not operated for the full 12 calendar months as of December 31, 2025.
    Method
    Second 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 34 locations

    Who is counted
    Table #6b Franchised Outlets, bottom 25% quartile, calendar year 2025.
    Period
    Franchised Outlets
    Excluded
    436 of 600 Franchised Outlets were excluded from Table #6b because they did not report expenses or had not operated for the full 12 calendar months as of December 31, 2025.
    Method
    Bottom 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 134 locations

    Who is counted
    Table #6b Franchised Outlets, total group, calendar year 2025.
    Period
    Franchised Outlets
    Excluded
    436 of 600 Franchised Outlets were excluded from Table #6b because they did not report expenses or had not operated for the full 12 calendar months as of December 31, 2025.
    Method
    Total group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Costs · 33 locations

    Who is counted
    Table #6b Franchised Outlets, second 25% quartile, calendar year 2025.
    Period
    Franchised Outlets
    Excluded
    436 of 600 Franchised Outlets were excluded from Table #6b because they did not report expenses or had not operated for the full 12 calendar months as of December 31, 2025.
    Method
    Second 25% group; calendar year 2025

    Locations counted: not stated in the reviewed record

    Revenue · 109 locations

    Who is counted
    Excluded Franchised Outlets, bottom 25% subset, calendar year 2025, reported separately in Note 1 to Table #6b.
    Period
    bottom quartile
    Excluded
    Excluded from Table #6b because the 436 excluded outlets did not report expenses or had not operated for the full 12 months; the quote describes the 109-outlet bottom-quartile subset.
    Method
    Average gross sales by quartile, calendar year 2025

    These groups are never combined.

    Outlet Changes — Item 20

    How has the outlet count changed?

    United States, as labeled in the FDD · counts as of 2025 year-end of each year.

    2026 FDD · Item 20 · PDF p. 68

    Net −527 outlets, 2023–2025

    054220235952024152025+53−580

    Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.

    Questions to investigate

    Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.

    For the franchisor

    • Which line items in the 2026 Item 7 estimate ($320,891 – $2,549,187) vary most by market, and why?

    • Which initial fee option would apply to my situation, and what conditions or discounts affect it?

    • Which locations are included in the Item 19 figures, and which were excluded?

    • Reported units went from 15 to 15 in 2025. How many new units opened, closed or changed hands?

    • Is a territory available in my area, and how is it defined in my agreement?

    For current and former owners

    • How did your actual startup costs and timeline compare with the Item 7 estimate?

    • How many hours a week do you work in the business, and in what role?

    • How do your results compare with the Item 19 figures, and what explains the difference?

    • What support from the franchisor has been most and least useful?

    For your advisors

    • Ask a franchise attorney to review the territory, renewal, transfer and termination terms.

    • Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.

    Sources & vintage history

    Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.

    Citations (2026 FDD)

    1. [1]Standard initial franchise fee — Item 5 · PDF p. 14
    2. [2]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas open 12 months or more; third 25% quartile, 2025 · PDF p. 56
    3. [3]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets excluded from Table #6b in the third 25% gross-sales quartile · PDF p. 66
    4. [4]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets open 12 months or more; top 25% quartile, 2025 · PDF p. 56
    5. [5]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets open 12 months or more; bottom 25% quartile, 2025 · PDF p. 56
    6. [6]Item 19 — Locations counted not stated in the reviewed record — All Outlets (Corporate Spas and Franchised Outlets) open 12 months or more; top… · PDF p. 57
    7. [7]Item 19 — Locations counted not stated in the reviewed record — All Outlets, Table #1c third 25% quartile; combined Corporate Spas and Franchis… · PDF p. 57
    8. [8]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #2a third 25% performance-based quartile; open and operat… · PDF p. 57
    9. [9]Item 19 — Locations counted not stated in the reviewed record — All Outlets, Table #3c bottom 25% quartile; combined Corporate Spas and Franchi… · PDF p. 60
    10. [10]Item 19 — Locations counted not stated in the reviewed record — All Outlets, Table #4c total group; combined Corporate Spas and Franchised Outl… · PDF p. 61
    11. [11]Item 19 — Locations counted not stated in the reviewed record — All Outlets, Table #5c bottom 25% quartile; combined Corporate Spas and Franchi… · PDF p. 63
    12. [12]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #6a Gross Sales third 25% performance-based quartile, cal… · PDF p. 65
    13. [13]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #6a Gross Sales total group, calendar year 2025. · PDF p. 65
    14. [14]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas; Table #6a Royalties and National Marketing Costs performance-ba… · PDF p. 65
    15. [15]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas; Table #6a Royalties and National Marketing Costs performance-ba… · PDF p. 65
    16. [16]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas; Table #6a Other Operating Costs performance-based quartile or t… · PDF p. 65
    17. [17]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets; Table #6b Gross Sales top 25% quartile, calendar year 2025. · PDF p. 66
    18. [18]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #6b Gross Sales performance-based group, calendar yea… · PDF p. 66
    19. [19]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #6b Labor and Benefit Costs performance-based group,… · PDF p. 66
    20. [20]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #6b Occupancy Costs performance-based group, calendar… · PDF p. 66
    21. [21]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #6b Occupancy Costs performance-based group, calendar… · PDF p. 66
    22. [22]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #6b Royalties and National Marketing Costs performanc… · PDF p. 66
    23. [23]Item 19 — Locations counted not stated in the reviewed record — Table #6b Franchised Outlets, top 25% quartile, calendar year 2025. · PDF p. 66
    24. [24]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas open 12 months or more; top 25% quartile, 2025 · PDF p. 56
    25. [25]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas open 12 months or more; second 25% quartile, 2025 · PDF p. 56
    26. [26]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas open 12 months or more; bottom 25% quartile, 2025 · PDF p. 56
    27. [27]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas open 12 months or more; separately labeled Total group, 2025 · PDF p. 56
    28. [28]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets open 12 months or more; third 25% quartile, 2025 · PDF p. 56
    29. [29]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets open 12 months or more; second 25% quartile, 2025 · PDF p. 56
    30. [30]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets open 12 months or more; separately labeled Total group, 2025 · PDF p. 56
    31. [31]Item 19 — Locations counted not stated in the reviewed record — All Outlets (Corporate Spas and Franchised Outlets) open 12 months or more; sec… · PDF p. 57
    32. [32]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets excluded from Table #6b in the top 25% gross-sales quartile · PDF p. 66
    33. [33]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets excluded from Table #6b in the second 25% gross-sales quarti… · PDF p. 66
    34. [34]Item 19 — Locations counted not stated in the reviewed record — All Outlets, Table #1c bottom 25% quartile; combined Corporate Spas and Franchi… · PDF p. 57
    35. [35]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #2a total group; all 15 open and operating for the full 1… · PDF p. 57
    36. [36]Item 19 — Locations counted not stated in the reviewed record — All Outlets, Table #1c total group; combined Corporate Spas and Franchised Outl… · PDF p. 57
    37. [37]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #2a top 25% performance-based quartile; open and operatin… · PDF p. 57
    38. [38]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #2a second 25% performance-based quartile; open and opera… · PDF p. 57
    39. [39]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #2a bottom 25% performance-based quartile; open and opera… · PDF p. 57
    40. [40]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #2b top 25% performance-based quartile; outlets open… · PDF p. 58
    41. [41]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #2b second 25% performance-based quartile; outlets op… · PDF p. 58
    42. [42]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #2b third 25% performance-based quartile; outlets ope… · PDF p. 58
    43. [43]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #2b bottom 25% performance-based quartile; outlets op… · PDF p. 58
    44. [44]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #2b total group; outlets open at least 12 months. · PDF p. 58
    45. [45]Item 19 — Locations counted not stated in the reviewed record — All Outlets, Table #2c bottom 25% performance-based quartile; combined Corporat… · PDF p. 58
    46. [46]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas; Table #6a Other Operating Costs performance-based quartile or t… · PDF p. 65
    47. [47]Item 19 — Locations counted not stated in the reviewed record — All Outlets, Table #2c top 25% quartile; combined Corporate Spas and Franchised… · PDF p. 58
    48. [48]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #4a total group; calendar year 2025, all 15 open and oper… · PDF p. 60
    49. [49]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #4b third 25% quartile; calendar year 2025, outlets o… · PDF p. 61
    50. [50]Item 19 — Locations counted not stated in the reviewed record — All Outlets, Table #2c second 25% quartile; combined Corporate Spas and Franchi… · PDF p. 58
    51. [51]Item 19 — Locations counted not stated in the reviewed record — All Outlets, Table #2c third 25% performance-based quartile; combined Corporate… · PDF p. 58
    52. [52]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #4b top 25% quartile; calendar year 2025, outlets ope… · PDF p. 61
    53. [53]Item 19 — Locations counted not stated in the reviewed record — All Outlets, Table #2c total group; combined Corporate Spas and Franchised Outl… · PDF p. 58
    54. [54]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #3a third 25% performance-based quartile; calendar year 2… · PDF p. 59
    55. [55]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #3b top 25% performance-based quartile; calendar year… · PDF p. 59
    56. [56]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #3a top 25% performance-based quartile; calendar year 202… · PDF p. 59
    57. [57]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #3a bottom 25% performance-based quartile; calendar year… · PDF p. 59
    58. [58]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #3b second 25% performance-based quartile; calendar y… · PDF p. 59
    59. [59]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #3a second 25% performance-based quartile; calendar year… · PDF p. 59
    60. [60]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #3a total group; calendar year 2025, all 15 open and oper… · PDF p. 59
    61. [61]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #3b third 25% performance-based quartile; calendar ye… · PDF p. 59
    62. [62]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #3b bottom 25% performance-based quartile; calendar y… · PDF p. 59
    63. [63]Item 19 — Locations counted not stated in the reviewed record — All Outlets, Table #3c second 25% performance-based quartile; combined Corporat… · PDF p. 60
    64. [64]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #3b total group; calendar year 2025, outlets open at… · PDF p. 59
    65. [65]Item 19 — Locations counted not stated in the reviewed record — All Outlets, Table #3c top 25% performance-based quartile; combined Corporate S… · PDF p. 60
    66. [66]Item 19 — Locations counted not stated in the reviewed record — All Outlets, Table #3c total group; combined Corporate Spas and Franchised Outl… · PDF p. 60
    67. [67]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #4a top 25% quartile; calendar year 2025, all open and op… · PDF p. 60
    68. [68]Item 19 — Locations counted not stated in the reviewed record — All Outlets, Table #3c third 25% quartile; combined Corporate Spas and Franchis… · PDF p. 60
    69. [69]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #4a second 25% quartile; calendar year 2025, all open and… · PDF p. 60
    70. [70]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #4b total group; calendar year 2025, outlets open at… · PDF p. 61
    71. [71]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #5a second 25% quartile; calendar year 2025, open and ope… · PDF p. 62
    72. [72]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #5a total group; calendar year 2025, all 15 open and oper… · PDF p. 62
    73. [73]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #4a third 25% quartile; calendar year 2025, all open and… · PDF p. 60
    74. [74]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #4a bottom 25% quartile; calendar year 2025, all open and… · PDF p. 60
    75. [75]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #4b second 25% quartile; calendar year 2025, outlets… · PDF p. 61
    76. [76]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #4b bottom 25% quartile; calendar year 2025, outlets… · PDF p. 61
    77. [77]Item 19 — Locations counted not stated in the reviewed record — All Outlets, Table #4c top 25% quartile; combined Corporate Spas and Franchised… · PDF p. 61
    78. [78]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #5a third 25% quartile; calendar year 2025, open and oper… · PDF p. 62
    79. [79]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #5b top 25% quartile; calendar year 2025, outlets ope… · PDF p. 62
    80. [80]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #5b bottom 25% quartile; calendar year 2025, outlets… · PDF p. 62
    81. [81]Item 19 — Locations counted not stated in the reviewed record — All Outlets, Table #4c second 25% quartile; combined Corporate Spas and Franchi… · PDF p. 61
    82. [82]Item 19 — Locations counted not stated in the reviewed record — All Outlets, Table #4c third 25% quartile; combined Corporate Spas and Franchis… · PDF p. 61
    83. [83]Item 19 — Locations counted not stated in the reviewed record — All Outlets, Table #4c bottom 25% quartile; combined Corporate Spas and Franchi… · PDF p. 61
    84. [84]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #5a top 25% quartile; calendar year 2025, open and operat… · PDF p. 62
    85. [85]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #5a bottom 25% quartile; calendar year 2025, open and ope… · PDF p. 62
    86. [86]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #5b second 25% quartile; calendar year 2025, outlets… · PDF p. 62
    87. [87]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #5b third 25% quartile; calendar year 2025, outlets o… · PDF p. 62
    88. [88]Item 19 — Locations counted not stated in the reviewed record — All Outlets, Table #5c top 25% quartile; combined Corporate Spas and Franchised… · PDF p. 63
    89. [89]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #5b total group; calendar year 2025, outlets open at… · PDF p. 62
    90. [90]Item 19 — Locations counted not stated in the reviewed record — All Outlets, Table #5c third 25% quartile; combined Corporate Spas and Franchis… · PDF p. 63
    91. [91]Item 19 — Locations counted not stated in the reviewed record — All Outlets, Table #5c second 25% quartile; combined Corporate Spas and Franchi… · PDF p. 63
    92. [92]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas; Table #6a Occupancy Costs performance-based quartile or total g… · PDF p. 65
    93. [93]Item 19 — Locations counted not stated in the reviewed record — All Outlets, Table #5c total group; combined Corporate Spas and Franchised Outl… · PDF p. 63
    94. [94]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #6a Labor and Benefit Costs top 25% performance-based qua… · PDF p. 65
    95. [95]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #6a Gross Sales top 25% performance-based quartile, calen… · PDF p. 65
    96. [96]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #6a Gross Sales bottom 25% performance-based quartile, ca… · PDF p. 65
    97. [97]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #6a Gross Sales second 25% performance-based quartile, ca… · PDF p. 65
    98. [98]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #6a Labor and Benefit Costs third 25% performance-based q… · PDF p. 65
    99. [99]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #6a Labor and Benefit Costs second 25% performance-based… · PDF p. 65
    100. [100]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #6a Labor and Benefit Costs bottom 25% performance-based… · PDF p. 65
    101. [101]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #6a Labor and Benefit Costs total group, calendar year 20… · PDF p. 65
    102. [102]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #6a Occupancy Costs top 25% performance-based quartile, c… · PDF p. 65
    103. [103]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas, Table #6a Occupancy Costs second 25% performance-based quartile… · PDF p. 65
    104. [104]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas; Table #6a Occupancy Costs performance-based quartile or total g… · PDF p. 65
    105. [105]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas; Table #6a Royalties and National Marketing Costs performance-ba… · PDF p. 65
    106. [106]Item 19 — Locations counted not stated in the reviewed record — Corporate Spas; Table #6a Other Operating Costs performance-based quartile or t… · PDF p. 65
    107. [107]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets; Table #6b Gross Sales second 25% quartile, calendar year 20… · PDF p. 66
    108. [108]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #6b Gross Sales performance-based group, calendar yea… · PDF p. 66
    109. [109]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #6b Gross Sales performance-based group, calendar yea… · PDF p. 66
    110. [110]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #6b Labor and Benefit Costs performance-based group,… · PDF p. 66
    111. [111]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #6b Labor and Benefit Costs performance-based group,… · PDF p. 66
    112. [112]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #6b Occupancy Costs performance-based group, calendar… · PDF p. 66
    113. [113]Item 19 — Locations counted not stated in the reviewed record — Table #6b Franchised Outlets, third 25% quartile, calendar year 2025. · PDF p. 66
    114. [114]Item 19 — Locations counted not stated in the reviewed record — Franchised Outlets, Table #6b Royalties and National Marketing Costs performanc… · PDF p. 66
    115. [115]Item 19 — Locations counted not stated in the reviewed record — Table #6b Franchised Outlets, bottom 25% quartile, calendar year 2025. · PDF p. 66
    116. [116]Item 19 — Locations counted not stated in the reviewed record — Table #6b Franchised Outlets, total group, calendar year 2025. · PDF p. 66
    117. [117]Item 19 — Locations counted not stated in the reviewed record — Table #6b Franchised Outlets, second 25% quartile, calendar year 2025. · PDF p. 66
    118. [118]Item 19 — Locations counted not stated in the reviewed record — Excluded Franchised Outlets, bottom 25% subset, calendar year 2025, reported se… · PDF p. 66
    119. [119]Outlet counts — Item 20, Table 1 · PDF p. 68

    "PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page.

    Territory & operations

    These are contract disclosures, not confirmation that any territory is currently available.

    Legal & agreement

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2025total assets 2025$666,433,650
    2025total liabilities 2025$108,319,081
    2025total member’s equity 2025$558,114,569
    2025total revenues 2025$125,731,451
    2025total expenses 2025$185,217,132
    2025net cash provided by operating activities 2025$36,435,225
    2025net loss 2025-$56,914,988
    2025net cash used in investing activities 2025-$4,721,080
    2025hand and stone franchise llc and subsidiariesMore than one value recorded for this year — open the FDD source before comparing$8,216,739
    2025hand and stone franchise llc and subsidiariesMore than one value recorded for this year — open the FDD source before comparing-$26,756,359
    2024total assets 2024$746,497,958
    2024total liabilities 2024$106,031,921
    2024total member’s equity 2024$640,466,037
    2024total expenses 2024$182,851,425
    2024net cash provided by operating activities 2024$29,286,552
    2024hand and stone franchise llc and subsidiariesMore than one value recorded for this year — open the FDD source before comparing-$18,814,450
    2024total revenues 2024$122,187,270
    2024net loss 2024-$55,367,506
    2024hand and stone franchise llc and subsidiariesMore than one value recorded for this year — open the FDD source before comparing$3,258,953
    2024hand and stone franchise llc and subsidiariesMore than one value recorded for this year — open the FDD source before comparing-$9,577,498

    These figures describe the franchisor company, not individual franchise locations.

    SBA-backed loans to franchisees

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    Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.

    Related research

    Brands in the same subcategory first, then the wider industry, ordered by shared business format and overlapping investment range. This is not a ranking or recommendation.

    Dermani Medspa Franchising LLCMassage Heights Body + Face (MassageLuXeMiniLuxePalm Beach Tan®The Shade Group

    Head-to-head comparisons

    Hand and Stone Massage and Facial Spa vs Dermani Medspa Franchising LLCHand and Stone Massage and Facial Spa vs Massage Heights Body + Face (Hand and Stone Massage and Facial Spa vs MassageLuXeHand and Stone Massage and Facial Spa vs MiniLuxeHand and Stone Massage and Facial Spa vs Palm Beach Tan®Hand and Stone Massage and Facial Spa vs The Shade Group
    Compare reviewed facts

    At a glance

    Business history

    Not reviewed

    Owner participation

    Not reviewed

    Territory language

    Litigation disclosure

    Not reviewed

    Bankruptcy disclosure

    Not reviewed

    Agreement term

    Not reviewed

    Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.