Elixir Muscle Recovery Franchise is the only muscle recovery center for youth athletes and their families. It has the potential to grow the $5 billion-a-year youth sports market.
So, if you are looking for a rewarding business making an impact on all fitness fanatics, then Elixir Muscle Recovery Franchise is the best option.
But before hitting the gas, let’s first understand what are the requirement of the Elixir Muscle Recovery Franchise.
About Elixir Muscle Recovery
Elixir Muscle Recovery is a youth recovery center that helps youth to combat injuries.
According to the John Hopkins University Study, 62% of injuries happen in practice in every season.
The muscle recovery center was established in the year 2018 with the mission of helping young athletes reach their potential and also educating them on the importance of taking care of their bodies.
The recovery center was started by Jason Brown (CEO). He is a master of Biomechanics and a long-time Veteran of muscle activation.
He has treated thousands of patients over the years and noticed a rise in youth injuries. This gave rise to the establishment of the Elixir Muscle Recover Center.
The center uses a systematic approach to identify muscle weakness and imbalance, which decreases the healing time, pain, and compensation.
The on-the-spot treatments are provided for the following:
- Sprained ankles, shoulders, and wrist
- Joint swelling
- Muscle swelling
- Muscle tightness
- Muscle fatigue
- Bruising
- Increase Flexibility
- Increase Circulation
Elixir Muscle Recovery Franchise Model
| Franchise Option | Yes |
| Franchising Since | 2019 |
| Cash Investment | $175,000-$200,000 |
| Total Investment | $175,000-$200,000 |
| Minimum Net Worth | $100,001 to $250,000 |
| Franchise Fee | $54,500 |
| Royalty | 7% |
| Liquidity | $70,000 |
| Average Number Of Employees | 3 |
| Visa Candidates | No |
| Passive ownership | Yes |
| Home-Based | No |
| B2B | No |
| Master Franchise Opportunity | Yes |
The company also gives discounts to veterans and First responders. The discount is 10% off on initial franchise fees.
How Much Does It Cost To Open Elixir Muscle Recovery Franchise?
To buy the Elixir Muscle Recovery franchise, you’ll need to have at least $70,000 in liquid capital, franchise fees of $54,000, and a minimum net worth of $100,001 to $250,000.
In addition to the financial requirements of the company, it also has the condition for ideal candidates. The ideal candidate for the franchise opportunity is:
“Someone passionate about supporting youth athletes, active adults, and anyone in between who believes in the Elixir Muscle Sports Recovery product and wants to make a difference.”
Also, candidates who are
- Past athletes,
- Parents of Kids in sports,
- Coaches,
- Sports Facility owners,
- Connections to community Sports Directors,
- Business owners,
- Athletes,
Driven Individuals looking to make a difference in Youth Sports, Passionate about training and recovery, and Healthcare professionals are eligible for the franchise opportunity.
Elixir Muscle Recovery Franchise Training & Support
Elixir Muscle Recovery Center is a master franchise opportunity meaning that the company is responsible for recruiting, training, and supporting franchisees in their territory.
As a franchisee, you don’t require to have prior expertise in preventing injury or preventative recovery.
The company provides extensive online and on-site training to franchise owners and employees for 2-4 weeks, making them master the protocols of the recovery center.
The training will be provided for:
- All Owners and Managers will be certified to administer therapy safely and to Elixir’s standards and expectations.
- An hour-long online training program will be conducted for all the staff members.
- Hands-on training with the facility equipment will be provided for 2-3 days.
- Equipment upkeep and maintenance training.
- Operations manuals are reviewed with owners and managers
- Ongoing training and monthly webinars will be provided to staff members.
Talking about marketing, Elixir has a complete operational manual that will help you market your Elixir facility.
However, Elixir recommends hiring a whole-time/ part-time sales associate for the location to help you with membership retention and relationship with various sports teams in the region.
Elixir muscle recovery franchise also provides setting up multiple units by the franchisee, which can be managed using a mobile phone, and transactions can also be conducted using the app.
It also offers a high-profit margin in 800-1200 sq/ft storefronts and a mobile unit for visibility at events.
Also, it provides the option to add satellite centers to sports facilities, country clubs, and more.
Elixir Muscle Recovery Franchise- Terms & Agreement
The franchise agreement of Elixir Muscle Recovery:
| Franchise Agreement | |
| Initial Term | 10 years |
| Renewal Term | 5 years |
Elixir Muscle Recovery Franchise- Obligation & Restrictions
As mentioned above, the Elixir Muscle Recovery franchise recommends hiring a whole or a part-time sales associate for effective membership retention and to establish and maintain relationships with different sports teams in your location.
It also has clear rules about its ideal candidate for the franchising opportunity.
Elixir Muscle Recovery Franchise- Financial Assistance
The company offers financial assistance via 3rd party and is also SBA-approved. According to SBA terms and conditions for the Elixir Muscle Recovery franchise:
1. If Applicant also operates under a management agreement with a third party, Lender/CDC must review the management agreement in accordance with SOP 50 10 to determine if there is an affiliation between the Applicant and the management company.
2. The Applicant is not eligible if the management company is, or is affiliated with, the franchisor.
3. Lender/CDC must ensure they secure the appropriate lien position on all collateral in accordance with SOP 50 10.
In addition to financial assistance, Elixir also provides lease negotiation assistance, cooperative advertising assistance, site selection assistance, and recruiting assistance.
Conclusion
Overall, if you are looking to own the Elixir Muscle Recovery franchise, then there are many things to need to consider. Firstly, it is important to consider the eligibility criteria for the franchise owner.
Secondly, it important to review all the costs or expenses associated with the franchise. You can also hire a legal assistant to help you review the terms of the contract.
Elixir Muscle Recovery franchise is one of its kind and provides multiple sources of revenue.
FAQs
Why To Choose Elixir Muscle Recovery Franchise?
Elixir Muscle Recovery franchise is the best option for anyone looking for the opportunity to make an impact in the fitness industry and also earn revenue from multiple streams like memberships, clubs and schools, sports teams, leagues, and merchandise.
Does Elixir Muscle Recovery Work with E2 Visa and EB-5 Visa Candidates?
No. The Elixir Muscle Recovery franchise doesn’t work with E2 visa and EB-5 Visa candidates.
Is Elixir Muscle Recovery Franchise Offers Semi-Absentee franchise?
Yes, the company offers franchisees the facility of semi-absentee. A semi-absentee franchise is a business opportunity you can commence and run while still doing a job or any other obligation.