Hey there, dream chasers! JoJo here, and I'm absolutely thrilled to have you join us today as we dive into an incredibly exciting topic—our brand-new franchise opportunities with Altered States Wellness.
Now, I know many of you tuning in might be at a crossroads in your career, looking for a fresh start, or perhaps you're someone who's always dreamed of owning a business but didn't know where to start. Maybe you're even a savvy investor looking to diversify your portfolio with something meaningful and impactful. Well, this post is tailor-made for you.
We’re going to take a deep dive into our entrepreneurial journey, sharing how we went from corporate careers to founding a thriving wellness studio. We’ll break down what franchising is all about, discussing the pros and cons so you can make an informed decision. We'll also unveil the incredible opportunities awaiting you with an Altered States Wellness franchise and wrap it all up with a look at the booming wellness industry and why now is the perfect time to get involved.
So, whether you're aspiring to be your own boss, eager to make a career switch, or keen on finding a lucrative investment opportunity, stay tuned. This post is packed with insights and information that could very well be the start of your next big adventure. Let's get started!
Our Story: From Corporate Hustle to Wellness Entrepreneurs
Before we dive into the business opportunity, it will help you understand how we got here. We actually started out as franchisees ourselves. After being in corporate sales, Kyle and I started feeling a tug towards entrepreneurship. We were looking for an investment opportunity and stumbled upon a CBD store franchise. One location turned into three, and we were off to the races!
After a while, we sold two locations, and I spent two years on the Board of Directors, where I learned a lot of the ins and outs of the business. We also hosted the Receipt Paper Podcast and founded Brick N’ Mortar Academy, where we helped business owners open brick-and-mortar stores.
Then, we made a pivotal move and founded Altered States Wellness. Our mission now is to bring Altered States Wellness to every community to educate, inspire, and empower more people to reach their full potential.
What is Franchising?
Alright, let’s break down the basics. Franchising is a business model where a company (the franchisor) grants an individual or entity (the franchisee) the rights to operate a business under the company's brand and sell its products or services. This arrangement allows the franchisee to benefit from the established brand recognition, proven business practices, and ongoing support provided by the franchisor. The franchisor typically provides a comprehensive package, including a detailed operating manual, training programs, marketing support, and access to proprietary products or services.
Pros of Franchising:
- Established Brand and Business Model: Imagine starting your journey with a detailed roadmap in hand. That's what you get with a franchise—a proven path to success with a brand that's already made a name for itself. No guesswork, just following the steps to thrive.
- Training and Ongoing Support: When you join a franchise, you’re never alone. From day one, you'll receive comprehensive training and continuous support to guide you through every challenge. It's like having a business coach on speed dial.
- Lower Risk Compared to Starting from Scratch: Starting a business from the ground up can be a rollercoaster. Franchising, on the other hand, offers a smoother ride. You’re tapping into tried and tested methods that significantly reduce the risk of failure. Think of it as your safety net in the wild world of entrepreneurship.
- Marketing and Advertising Assistance: Getting the word out about your new business can be daunting. With a franchise, you benefit from professional marketing and advertising strategies that have already proven successful.
Cons of Franchising:
- Initial Investment and Franchise Fees: Let's be real, starting a franchise requires a financial commitment. These costs can sometimes feel hefty compared to figuring it all out yourself. But trust me, Kyle and I are here to show you how to avoid $40k worth of mistakes that you could potentially make on your own.
- Adherence to Franchisor Guidelines and Policies: When you join a franchise, you're signing up to play by their rules. This means sticking to the guidelines and policies laid out by the franchisor. Think of it like living in an HOA community—make sure you love the neighborhood and its rules before moving in!
The Wellness Industry
The wellness industry is experiencing phenomenal growth, expanding at an impressive rate of 8% annually. With a wide consumer demographic and untapped market potential, there’s a massive opportunity here. Increased mental health awareness and a growing preference for non-pharmacological solutions are key drivers, making now the perfect time to jump into the wellness wave.
Why Altered States Wellness?
Imagine opening your very own Altered States Wellness studio, equipped with our exact blueprint for success. Here’s what sets us apart and why you should be as excited as we are:
What Differentiates Us:
- Experiential Retail: We focus on creating memorable experiences with our themed rooms, date nights, and spa parties. It's all about making wellness fun and engaging.
- Diverse Offerings: We’re not limited to one service. Instead, we provide a full solution with a variety of products, services, and educational resources.
- The Model: Our business model thrives on recurring revenue from memberships, a founding member launch strategy, high margins, and ZERO providers. Experience-based services drive group events and parties, adding to the excitement.
Training & Support: We’ve Got Your Back
- Online Onboarding: Start strong with our detailed and comprehensive training program.
- Weekly 1x1’s: We’re here to hold your hand through the entire opening process and beyond to ensure you are supported the entire way.
- SOP Library: From maintenance to cleaning to operations, we’ve got every detail covered so you don’t have to spend hours searching the web or on support calls.
- In-Person Training: At our HQ and your location, ensuring you're fully equipped to succeed.
Perks:
- Pre-Negotiated Discounts: Save on equipment, supplies, and products right from the start.
- StoryBrand Certified Messaging: Clear and effective communication strategies to connect with your audience.
- Franchise Community: Join a network of like-minded entrepreneurs for support and camaraderie.
- Monthly Training Workshops: Ongoing education to keep you at the top of your game.
Learn More About Owning Your Own Altered States Wellness
There's so much more to share, and I can’t wait to tell you all about it! If you're still tuning in and itching to learn more about what it takes to join the Altered States Wellness family, you're in the right place. We’ve covered the basics, but there’s a treasure trove of information waiting for you—like detailed costs, revenue projections, and the total investment required.
Here’s the deal: owning a franchise is a big decision, and we want you to feel 100% confident and excited about your journey. That’s why we’re offering a no-strings-attached intro call. It's your chance to ask questions, get the nitty-gritty details, and see if this opportunity aligns with your dreams and goals.
So, whether you're curious about the financials, want to hear more about our unique business model, or simply need some guidance on taking the first step, let's chat! Visit alteredstateswellness.com/franchise to schedule your call.
Your next big adventure is just a conversation away. Ready to transform your future with Altered States Wellness? We’re here to help you make it happen!
Links Mentioned in this Episode:
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*We are not medical professionals, and the information provided in this blog and podcast is for informational purposes only. Wellness practices mentioned should not be used as a substitute for professional medical advice, diagnosis, or treatment. Always consult with your doctor or a qualified healthcare provider if you have any questions about your health.
