Opening a health and wellness franchise with Honor Yoga is a wonderful way to make a living and give back to your community at the same time. In fact, giving back is a hallmark of our brand, and one of the ways we do that is through our Honor Yoga Foundation, our charitable arm that allows us to make meaningful contributions to community outreach. Our Foundation is just one distinction that separates us from the competition, and it’s why so many investors choose to become part of the Honor Yoga family.
But how does one do that, exactly? Well, we’re happy to say becoming an Honor Yoga yogipreneur is a straightforward process that involves a series of steps, including spending time with our Franchise Disclosure Document, or FDD. An FDD is an important document that’s required of franchisors to have and that covers everything you need to know about a brand, its history, and key players. Here, we’ll take a closer at some of the topics you can expect to find in our FDD.
Our Responsibilities
As a franchisor, we know how important our responsibilities are to you and your success, so we spell them out clearly in our FDD. You’ll learn what kind of training and support you can count on from us, as well as what marketing resources you can expect. Our FDD also gives you essential information about supply sources and operational items, among other resources you’ll enjoy as an advantage of opening a health and wellness franchise with us.
What’s Expected of You
We’re proud to say that every one of our yogipreneurs makes valuable contributions to the Honor Yoga brand every day, in part by adhering to certain guidelines and processes while doing business. These are laid out in our FDD. Following our business model and staying close to our brand culture assures consistency, and that helps all our studio owners succeed. Of course, you’ll have plenty of freedom to make your studio your own, but it’s important to remember that, in many ways, our yogipreneurs are ambassadors of the Honor Yoga brand and rely on our time-tested procedures to pave their way toward success.
What Your Investment Looks Like
The information you’ll most likely be interested in is the cost of an Honor Yoga investment, and our FDD fully lays those numbers out. You’ll learn what your initial investment will look like, including the franchise fee itself, and what your startup costs will be, as well as the cost of any necessary supplies and materials. You’ll also learn more about ongoing fees, including monthly royalties and marketing fees. Opening a health and wellness franchise with Honor Yoga can be a life-changing investment, so we believe in complete transparency, making sure everything is clearly explained in our FDD.
Take Your Time
Because our FDD contains a lot of information that’ll help you make an educated decision about investing with us, it’s important to set aside plenty of time to review it. Often, our potential franchisees go over it with their attorneys; remember, too, that we’re always on hand to answer any questions you might have while you’re reading it.
Ready to find out more about opening a health and wellness franchise with Honor Yoga? We’re here to answer all your questions, so let’s get started today!
