CARY, NORTH CAROLINA--If you live in Cary, you are missing out on some of the hottest new franchise businesses in the country. If you're thinking of starting a new business and have considered the franchise route, we’ve got a few you might want to look at. We dug into the pages of Entrepreneur. Remember that nothing here should be taken as financial advice or even a strong recommendation to purchase a franchise operation. That kind of decision should ideally involve a team of accountants and legal advisors. Here's what we know about the wellness businesses missing in Cary.
Straight from a business reporting leader
According to Entrepreneur's April-May edition, franchised businesses are not failing; they are in fact, booming. Many are opening new locations at a steady pace. The magazine even had this to say:
Almost a quarter of the companies that applied [for our 2021 Franchise 500 ranking] had started franchising just within the past five years (since 2016). This means the industry is booming with new resilient ideas.
We scoured the magazine's newly published list of the top 100 new franchises looking for trends and missing links to explain the excitement and found that one of the top categories of new franchise openings is the health and wellness sector. No big surprise there—the pandemic has brought wellness to the forefront of everyone’s consciousness.
Number two on Entrepreneur's list is a multi-faceted wellness business called Restore Hyper Wellness + Cryotherapy. The company's website lists services that include hyperbaric oxygen therapy, IV hydration, infrared light therapy for pain, compression therapy, assisted stretching, hydra facials, micronutrient testing, infrared sauna therapy, and several cryotherapy options.
The franchise claims to have been named the number one franchise in America by Inc. Magazine recently. The company's CEO and co-founder, Jim Donnelly, is quoted in Entrepreneur as saying:
We recognize that people want to be proactive about their health and find ways to control the controllables so that they can do more with those they love.
Entrepreneur shows costs for starting a restore franchise between $480K and $942K. There are 74 Restore franchise locations. The nearest locations to Cary are the three in Charlotte.
Old therapy; new business
Acupuncture is one of the oldest forms of medicine on the planet. What’s new is putting it in the context of a franchised business. That's where Modern Acupuncture fits into the scene. According to the company's website, the focus is on three primary areas: pain, stress, and beauty. Using monthly plans (can you say subscriptions?) and packages, the company states they have reduced the cost to less than half the national average of $80 for a single acupuncture treatment.
The franchise shows up in the number 12 position on Entrepreneur's list. Startup costs are estimated between $258K and 666K. There are currently 47 franchise locations, none of them located in Cary. You'd have to visit Charlotte to try one out.
Your brain needs balance
At number 83 on the magazine's list is Cereset, claiming to use neuro-technology to aid with relaxation, self-improvement, and sleep. The company's website lists research from sources like Wake Forest School of Medicine and the Journal of Neuroimaging, among others. The website also has an entire section on how sleep (or the lack thereof) impacts PTSD sufferers.
Entrepreneur lists the startup costs between 91K and 205K. The company has 31 franchised locations. There are zero located in Cary. The nearest location is in Spartanburg, South Carolina.
If you visit one of these franchise locations in another community and would like to see one come to Cary, be sure to let the franchise companies know. Reach Restore, headquartered in Austin, Texas here. Modern Acupuncture's franchise team is headquartered in Scottsdale, Arizona, and information can be found here. For Cereset franchise information reach out here.
The two wellness franchises you can check out in Cary
Stretchlab provides assisted stretching, going beyond traditional physical coaching to incorporate reduce pain, improve sports performance, and maintain flexibility. The Cary location offers a first-timers assessment for $49.
And coming soon to Cary, is a Legends Boxing franchise. Find all the info here.