FranchiseVerdict
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FV-01604·CAUTIONExcellent86

medspa810

Health & Wellness - OtherFranchising since 2019Website
Investment
$476K – $868K
78th pct Other
Avg revenue
63rd pct Other
Royalty
6.0%
16th pct Other
Units
3
14th pct Other
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $476K – $868K including a $60K franchise fee, 6.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated CAUTION with a risk score of 69/100. SBA loan default rate of 0.0% across 14 loans (below the industry average).
  • Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.

Item 1 · who you're contracting with

The Franchisor

Legal entity
medspa810 Franchising, LLC
Parent company
Princeton Franchise Partners, LLC
Incorporated in
Delaware
HQ
47 Hulfish Street, Suite 305, Princeton, NJ 08542
Auditor
Kezos & Dunlavy
Audited financials
Franchisor revenue
$119K
vs $85K prior year
⚠ Going-concern note
Disclosed in FDD 2023
Status as of 2023; may have been resolved in a later filing we don't yet have.

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one medspa810 unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: personal services
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $476K–$868K
Working capital
$
FDD reports $60K–$90K

Unlevered ROIC · per unit

23%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$173K
EBITDA margin
23.0%
Total invested
$747K
Payback
52 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

Franchisees operate medical spa facilities offering aesthetic treatments (injectables, laser services, skin treatments) and wellness services. Day-to-day operations include managing licensed aestheticians/nurses, handling client consultations and treatment delivery, managing inventory of medical products, ensuring regulatory compliance (state medical board oversight), and marketing to build recurring clientele.

CEO
Greg Longe
Founded
2018
FDD year
2023
States available
3

Item 7 · what it costs

The Vitals

Total investment
$476K – $868K
All-in to open one unit
Liquid capital
$60K – $90K
Cash you must have on hand
Franchise fee
$60K
Royalty
6.0%
percentage · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
7.0%
vs 9–13% typical

Item 19

Financial Performance

This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.

Item 20 · unit dynamics

The Growth Chart

Total units
3
Opened
1
Last reporting year
Closed
2
Turnover rate
66.7%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
-25.0%
Net unit change last year
3-yr CAGR
-25.0%
Compounded over last 3 years
2021
3-1
Franchised units
2022
4
Franchised units
2023
4
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 4 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 4 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
14
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

69
Risk · 0-100
CAUTION69 / 100

This is a collapsing franchise system with a history of founder fraud litigation, no financial transparency, and a going concern warning—avoid unless franchisee can directly verify unit profitability with existing owners and conduct forensic review of franchisor financials.

Score breakdown · what drove the 69 / 100 rating

  1. 01MEDSevere unit decline: 25% contraction YoY (3 units remaining) suggests systemic business model or support failures
  2. 02HIGHMaterial litigation history: Two fraud/breach cases totaling $725,000 in settlements/judgments against predecessor entity and principals raises governance and integrity concerns
  3. 03MINORNo financial disclosure: Absent Item 19 revenue/profitability data prevents ROI validation; combined with unit collapse, suggests franchisor may be hiding poor unit economics
  4. 04HIGHGoing concern flag: True status indicates potential financial instability of franchisor itself, creating support and survival risk
  5. 05MINORHigh investment-to-unit ratio: $475,950–$867,950 entry cost with only 3 franchisees operating implies minimal proven demand and high failure risk
  6. 06HIGHNon-transparent rebranding: Transition from SPA 810 to medspa810 may obscure negative history; litigation involved 'predecessor' entity but same principals/operations

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Radius or Population
Protected territory
Yes
Initial term
10 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
2
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
New Jersey

Item 11

Training & Operations

Classroom training
32 hrs
On-the-job training
32 hrs
POS system
POS system
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

5 numbers

Locked
(702) 203-••••
NV
(832) 272-••••
TX
(956) 789-••••
TX

One-time purchase · CSV download · Validation questions included

FDD download

medspa810 · FDD (2023) PDF

Single-page checkout · instant download · CSV export of contacts available separately above