Live Hydration Spa Franchise Cost, Revenue & Review 2026
- Investment
- $228K – $396K
- Disclosed sales
- $506K
- gross sales, not profit
- SBA charge-off
- 0.0%
- on 13 loans
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Live Hydration Spa is a wellness franchise offering IV hydration, vitamin therapy, and injectables in a spa setting. Franchisees run the studios, managing licensed clinical staff, appointments, and memberships.
FranchiseVerdict summary · 2026
A Live Hydration Spa franchise requires a total initial investment of $228K – $396K and an ongoing 7.5% royalty[2]. Per the 2025 FDD, average unit revenue was $506K[2]. SBA 7(a) loans show a 0.0% charge-off rate across 13 loans[1]. FranchiseVerdict grade: A (Strongest tier), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: medium - issued 12 to 24 months ago; a newer filing is likely on file
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✓ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored5 of 6 headline figures on this page cite a page of the filing; the rest are marked “Not cited” beside the figure.
Overview
- Investment
- $228K – $396K
- 48th pct Healthcare
- Avg gross sales
- $506K
- Incl. company outlets7th pct Healthcare
- Royalty
- 7.5%
- 52nd pct Healthcare
- Units
- 32
- 46th pct Healthcare
- SBA charge-off
- 0.0%
- % of SBA 7(a) loans not repaid · median varies by category
Quick verdict · Healthcare · color = vs category peers
Green = favorable by >10% vs Healthcare median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $228K – $396K, 7.5% ongoing royalty.
- RETURNSAverage unit revenue of $506K/year (includes company-owned outlets).
- RISKVerdict A (Strongest tier), verdict score 78/100 (higher is better). SBA loan charge-off rate of 0.0% across 13 loans (well below the franchise average, based on all SBA 7(a) franchise lending, 2010–2025).
- GROWTHPositive: net +2 franchised outlets in the latest year (6 opened, 4 closed); 7 signed but not yet open (Item 20).
- FLAG4 units terminated last reporting year (12.5% of the system). Ask existing franchisees why.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Live Hydration Spa Franchise LLC
- Parent company
- C&F Holding Company, LLC / Live Holdings LLC
- FDD Item 1, page 10 of the 2025 FDD
- Ultimate parent
- Live Holdings LLC
- FDD Item 1, page 10 of the 2025 FDD
- Predecessor
- none
- Prior franchisor entity
- CEO title
- Co-Founder and Chief Executive Officer
- Felicia Janovich
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- Nebraska
- HQ
- 18881 West Dodge Road, Suite 206C, Omaha, Nebraska 68022
- Auditor
- Metwally CPA PLLC
- Audited financials
- Franchisor revenue
- $1.1M
- vs $446K prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Overview
About
- CEO
- Felicia Janovich
- Headquarters
- Nebraska
- Founded
- 2020
- FDD year
- 2025
- States available
- 3
Can you afford it, and what does the money buy?
Entry cost is about typical for a healthcare franchise (near the category median).
Source: FDD 2025 · Items 5–7
This fee is for a master or area-representative grant rather than a single unit, so it is not comparable with the single-unit fees shown for other brands.
Full Item 7 breakdown14 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | $57K | $57K | |
| Construction and Leasehold Improvements | $43K | $105K | |
| Lease Deposits | $7K | $21K | |
| Furniture, Fixtures and Equipment | $5K | $10K | |
| Initial Inventory | $7K | $9K | |
| Signage | $6K | $12K | |
| Grand Opening Marketing | $31K | $31K | |
| Software Purchase and Set Up Fee | $4K | $4K | |
| Utility Deposits | $200 | $800 | |
| Insurance Deposits | $650 | $1K | |
| Travel for Initial Training | $4K | $8K | |
| Professional Fees | $3K | $6K | |
| Licenses and Permits | $475 | $1K | |
| Additional Funds – Six Months | $60K | $130K | |
| Total initial investment | $228K | $396K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $228K – $396K
- Middle of category vs category
- Liquid capital req'd
- $60K – $130K
- Middle of category vs category
- Franchise fee
- N/A
- Master/area fee
- Royalty
- 7.5%
- typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 7.5% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $100 |
| Transfer fee | $10K |
| Renewal fee | $10K |
| Inventory (initial) | $7K – $9K |
What do units actually make?
Average unit sales run 25% below the healthcare norm.
Includes company-owned outlets
Source: FDD 2025 · Item 19
Single-unit · not modelled
Returns at a glance
An FDD discloses gross sales, not profit, and the operating costs that turn one into the other are in no filing. We publish no modelled return for Live Hydration Spa until someone supplies them — yours, in the models below.
—
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
Total invested capital · disclosed
$407K
Item 7 initial investment plus working capital, as filed — the one figure here that needs no assumption.
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
What one unit earns on your invested capital
Model A · Single-Unit Return
Computes unlevered return on invested capital (ROIC) for a single franchise unit, read against the 30–60% reference band · Yale SOM, Post-MBA Path Exhibit 2 (2023). Below that band a passive index fund likely outperforms; above it the franchisor has pricing power you're subsidizing.
Note: Item 19 revenue is what the franchisor discloses, and it is the top line only — gross sales are not profit. No FDD discloses the operating costs that turn one into the other, so those fields start empty and nothing is modelled until you supply them from your own lease quote, labor market and build-out budget.
Returns model · single-unit ROIC
What would one Live Hydration Spa unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
What 25 units return when you use SBA financing
Model B · Return on Equity: Debt-Financed Acquisition
Models a 25-unit portfolio acquisition financed with an SBA 7(a) loan. Shows equity IRR (your return on cash invested), DSCR (how safely the cash flow covers debt service), and the capital stack (SBA + seller + equity breakdown).
This is the “search fund” or “entrepreneurship through acquisition” scenario: you buy an existing multi-unit operator, use leverage to amplify returns, and either operate or hire management. The 25-unit size is the typical minimum for an SBA-backed franchise portfolio acquisition to pencil as a full-time income.
What “return on equity” means here: if you put in $500K of your own cash and the business generates enough EBITDA to pay down debt and grow, your equity IRR is the annual return on that $500K, including the value created when you eventually sell. Target IRR for a search fund is typically 25–35%.
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
A 25-unit return is built on a per-unit EBITDA. Fill in the operating costs in Model A above and this model runs on that figure, or take the whole scenario to the full ROI workbench, where the portfolio and LBO models accept your own per-unit economics directly.
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
Includes company-owned outlets
- Avg gross sales
- $506K
- Per unit, per year
Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.
- Item 19 type
- gross sales table
- Sample size
- 24 outlets
- vs category median 20
- Range (low → high)
- $62K→$1.6MCited, not corroborated — printed on page 64 of the 2025 FDD. Nothing else in our record independently restates or re-derives it.
- Cohort dispersion (min → max)
- Reporting year
- 2024
- Fiscal year the figures cover
- Source filing
- FDD 2025
- Disclosed in the 2025 filing, covering 2024
Compared against 162 Healthcare brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Unit economics
Average unit generates $506K/year in gross sales. Revenue-to-investment ratio: 1.6x. Includes company-owned outlets.
Fee burden
7.5% royalty + 2.0% ad fund.
Disclosure
Transparency score 0/10 — minimal disclosure beyond the required average. Hard to judge the distribution of outcomes across units.
Operator retention
System expanding at 114.3% CAGR over 3 years across 32 units — operators are staying and new ones are joining.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Healthcare medians
How Live Hydration Spa Compares
Category median of published Healthcare brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 32
- Opened
- 6
- Last reporting year
- Closed
- 4
- Terminated
- 4
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 12.5%
- Company-owned
- 2
- Corporate units in the system
- % franchised
- 94%
- vs corporate-owned
- Net growth (3-yr)
- +114.3%
- Net unit change over 3 years
- 3-yr CAGR
- +114.3%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 4
- Not renewed
- 0
- Transferred
- 2
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 7
- 0.22 per open outlet · Item 20 Table 5
- Projected new
- 7
- Franchisor's next-year forecast
- Continuity rate
- 100.0%
- Units that stayed open
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 3 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
3
states with franchisees (per FDD Item 12)
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 13
- Loan volume
- $2.2M
- Median loan
- $200K
- 50th percentile
- Charge-off rate
- 0.0%
- on 13 loans · rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 100.0%
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 6
- Defaults
- 0
- Typical loan rate
- 9.2%
- avg rate to borrowers
- Franchised industry avg
- 17.4%
- brand beats franchise avg ↓
- Jobs supported
- 116
- 5.2 per loan
- Lender concentration
- 62%
- top lender's share
Borrower mix: 100% went to startups / new businesses, 0% to established operators
Franchise vs independent — in other personal care services, franchised businesses charge off at 17.4% vs 20.9% for independents — franchising is associated with 17% lower SBA default risk in this category.
Top lenders financing Live Hydration Spa franchisees
Showing 3 of 6 lenders. The full breakdown — every lender, state distribution, interest rates & risk ratings — is in the SBA Lending Report below.
Explore lender portfolios on Bank Reports or regional data on State Reports.
Lender network · 7(a) + 504
SBA Lending Report
Full lending analysis for Live Hydration Spa from SBA 7(a) FOIA data.
- Principal loss rate
- 0.0%
- Avg SBA guarantee
- 68%
- Avg interest rate
- 9.17%
- Lender concentration
- 61.5%
- Job velocity
- 5.2 per $100K
- NAICS benchmark
- 5.1%
- NAICS 812199
- Jobs supported
- 116
Top SBA lendersTop lender holds 62% of loans
| # | Lender | Loans | Volume | Default % |
|---|---|---|---|---|
| 1 | The Huntington National Bank | 8 | $1.1M | N/A |
| 2 | Core Bank | 1 | $175K | N/A |
| 3 | Mechanics and Farmers Bank | 1 | $318K | N/A |
| 4 | Byline Bank | 1 | $200K | 0.0% |
| 5 | First State Bank Nebraska | 1 | $315K | N/A |
| 6 | Community Trust Bank, Inc. | 1 | $174K | N/A |
Geographic failure vector
| State | Loans | Defaults | Rate |
|---|---|---|---|
| TNTennessee | 4 | 0 | -- |
| CACalifornia | 2 | 0 | -- |
| NENebraska | 2 | 0 | -- |
| TXTexas | 2 | 0 | -- |
| KYKentucky | 1 | 0 | -- |
| NCNorth Carolina | 1 | 0 | -- |
| SDSouth Dakota | 1 | 0 | 0.0% |
SBA 7(a) lending trend
Borrower profile
Source: SBA 7(a) + 504 FOIA loan-level data, matched by FranchiseVerdict
With a 0.0% charge-off rate across 13 loans, banks have historically viewed this brand favorably for lending.
What could kill this investment?
SBA loans charge off at 0.0% — 100% below the 16.0% national norm, i.e. lower lender-observed risk.
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Extremely early-stage franchise system with only 2 units, no financial disclosure, punitive royalty structure, zero territory protection, and high capital requirements — presents substantial investment risk with minimal validation data.
Litigation (Item 3)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
None disclosed.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Metwally CPA PLLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 78 / 100 verdict
- 01MINOROnly 2 existing units indicates extremely early-stage system with minimal track record and unproven scalability
- 02MINOR50% royalty on net fees is extraordinarily high and creates misaligned incentives between franchisor and franchisee profitability
- 03MINORZero territory protection exposes franchisees to immediate cannibalization and multi-unit saturation risk
- 04MED$120,000 franchise fee represents 88% of minimum investment with no disclosed path to profitability
- 05MINOR10-year term locks franchisees into partnership with unproven franchisor during critical growth phase
- 06MINORVague business model (hydration spa) lacks clarity on service differentiation, unit economics, or labor model
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 9.5% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 5 mi |
| Territory population | 200,000 |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 25 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 1 |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | Yes |
| Arbitration location | Douglas County, Nebraska |
| Jury trial waiver | Yes |
| Governing law | NE |
| Litigation count | 0 |
View Item 3 litigation summary
None disclosed.
Items 10, 11
Training & Operations
- Classroom training
- 56 hrs
- On-the-job training
- 58 hrs
- Training location
- Remote and on-site at franchisee's Live Hydration Spa Location
- Ongoing training
- Required
- Time to open
- 8 mo
- From signing to launch
- Site selection
- franchisee, subject to franchisor approval
- Franchisor financing
- Not offered
- Item 10
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
1 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Live Hydration Spa franchise?
The total investment to open a Live Hydration Spa franchise ranges from $228K – $396K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Live Hydration Spa franchise owners earn?
According to Item 19 of the Live Hydration Spa FDD, the average gross sales per unit is $506K. Important context: Includes company-owned outlets. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
Who owns Live Hydration Spa?
Live Hydration Spa is franchised by Live Hydration Spa Franchise LLC. Its parent company is C&F Holding Company, LLC / Live Holdings LLC. The ultimate parent named in the FDD is Live Holdings LLC. Source: FDD Item 1, 2025 filing.
What is Item 19 in the Live Hydration Spa FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Live Hydration Spa FDD and qualifies whose outlets they describe.
What is Live Hydration Spa's franchise failure rate?
Based on SBA 7(a) loan data, Live Hydration Spa has a charge-off rate of 0.0% across 13 loans, meaning 0.0% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many Live Hydration Spa franchise locations are there?
As of their most recent FDD filing, Live Hydration Spa has 32 total units in the United States, including 30 franchised units and 2 company-owned units. 6 new units were opened in the latest reporting year.
Is Live Hydration Spa a good franchise to buy?
FranchiseVerdict rates Live Hydration Spa as a A-grade franchise with a verdict score of 78 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.