What is the range of investment needed to open an OTA World Massage Chairs Showroom?
The range of possible investment can be from $96,000 to $174,000
If I am accepted for a franchise, do I pay the entire amount when I sign up?
No, you only pay the Franchise Fee of $15,000 when you sign up. As you find an approved location, you will pay deposits and perhaps some legal and accounting costs. Then you will pay remodeling costs during construction, and purchase inventory at wholesale from our authorized supplier, Titan Chair. Then you will invest in your Grand Opening and begin your business, with additional working capital for initial operating expenses for 3 months.
Does OTA World offer any financing?
OTA World doesn’t offer financing for your investment; however, we can introduce you to resources that may offer some financing: such as using your retirement funds (IRA or 401K) to buy the franchise; or possible SBA or commercial financing, if available. We have applied for SBA listing on the approved Franchise Registry.
Can you show me any financials or tell me the income potential for my franchise?
The actual potential of your franchise depends on how you operate it, how much you sell massage chairs and accessories for at retail, and how you manage your expenses. We don’t provide income projections—but we can tell you what the inventory costs per item. We don’t control the price you sell items for, that’s your right and choice.
May I purchase more than one franchise?
Yes, if you have the finances. We will work with you to define each location, and a development schedule that fits both of us. We like to award generous exclusive areas with 5 to 10 miles in radius, so locations can be several miles apart, depending on population density, income and housing values.
The range of possible investment can be from $96,000 to $174,000
If I am accepted for a franchise, do I pay the entire amount when I sign up?
No, you only pay the Franchise Fee of $15,000 when you sign up. As you find an approved location, you will pay deposits and perhaps some legal and accounting costs. Then you will pay remodeling costs during construction, and purchase inventory at wholesale from our authorized supplier, Titan Chair. Then you will invest in your Grand Opening and begin your business, with additional working capital for initial operating expenses for 3 months.
Does OTA World offer any financing?
OTA World doesn’t offer financing for your investment; however, we can introduce you to resources that may offer some financing: such as using your retirement funds (IRA or 401K) to buy the franchise; or possible SBA or commercial financing, if available. We have applied for SBA listing on the approved Franchise Registry.
Can you show me any financials or tell me the income potential for my franchise?
The actual potential of your franchise depends on how you operate it, how much you sell massage chairs and accessories for at retail, and how you manage your expenses. We don’t provide income projections—but we can tell you what the inventory costs per item. We don’t control the price you sell items for, that’s your right and choice.
May I purchase more than one franchise?
Yes, if you have the finances. We will work with you to define each location, and a development schedule that fits both of us. We like to award generous exclusive areas with 5 to 10 miles in radius, so locations can be several miles apart, depending on population density, income and housing values.
YOUR ESTIMATED Initial Investment in A OTA World Franchise
The following table provides an estimate of your initial investment for one Store constructed in accordance with OTA World’s current prototype plans and specifications. There is only one type of space: conversion of an existing lease space.
Investment Amount |
Method of Payment |
When Due |
To Whom Payment Is To Be Made |
|
Franchise Fee |
$15,000 |
Lump Sum |
On Signing Agreement |
OHF |
Architectural Planning |
$1,000 to $5,000 |
Negotiable |
Negotiable |
Architectural Firm |
Lease Deposits |
$7,000 to $10,000 |
Lump Sum or Negotiable |
As Incurred |
Landlord / Vendors |
Leasehold Improvements |
$20,000 to $35,000 |
Negotiable |
Negotiable |
Contractors / Vendors |
Showroom Inventory |
$25,000 to $50,000 |
As Arranged |
As Invoiced |
Approved Vendors / TCL |
Furniture and Equipment |
$3,000 to $10,000 |
Lump Sum |
As Invoiced |
Vendors |
Signage & Graphics |
$5,000 to $10,000 |
Lump Sum |
As Invoiced |
Vendors |
Insurance |
$1,000 to $3,000 |
Lump Sum |
As Incurred |
Vendors |
Travel & Training Costs |
$2,000 to $3,000 |
As Arranged |
As Needed |
Hotel / Airfare |
Professional Fees |
$2,000 to $3,000 |
As Arranged |
As Arranged |
Accountant, Lawyer |
Opening Promotion |
$5,000 to $10,000 |
Cash |
As Needed |
Accountant, Lawyer |
Working Capital |
$10,000 to $20,000 |
Cash |
As Needed |
Accountant, Lawyer |
Total |
$96,000 to $174,000 |
