Woodhouse SpaFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A Woodhouse Spa franchise requires a total initial investment of $1.5M – $2.7M, including a $60K franchise fee and an ongoing 6.0% royalty[2]. Per the 2025 FDD, average unit revenue was $2.5M[2]. Verdict grade: B. Run a live ROI scan →
Data last verified June 21, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $1.5M – $2.7M
- 49th pct Personal Care…
- Avg gross sales
- $2.5M
- 33rd pct Personal Care…
- Royalty
- 6.0%
- 9th pct Personal Care…
- Units
- 88
- 34th pct Personal Care…
- SBA default
- N/A
Quick verdict · Personal Care & Beauty · color = vs category peers
Green = >15% above Personal Care & Beauty avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- Total investment $1.5M – $2.7M including a $60K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $2.5M/year (median $2.5M).
- Verdict B (Above Average) with a risk score of 58/100.
- System growing at 15.1% CAGR over 3 years with 88 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- The Woodhouse SPAS, LLC
- Parent company
- Woodhouse Gathering, LLC
- Ultimate parent
- TSG9 L.P.
- Predecessor
- and former parent
- Prior franchisor entity
- Incorporated in
- TX
- HQ
- 300 Union Boulevard, Suite 600, Lakewood, Colorado 80228
- Auditor
- Plante & Moran, PLLC
- Audited financials
- Franchisor revenue
- $13.4M
- vs $14.6M prior year
Affiliated brands
- Radiance Distribution
- SSS
- Sola Salon Studios California
Other brands the franchisor or its parent operates (Item 1).
Overview
About
Woodhouse Spa franchisees operate upscale spa facilities providing services such as massages, facials, body treatments, and wellness therapies. Day-to-day operations involve managing staff scheduling, client bookings, inventory management, maintaining facility standards, and delivering customer service while adhering to brand operational protocols.
- CEO
- Ben Jones
- Headquarters
- CO
- Founded
- 2003
- FDD year
- 2025
- States available
- 25
FDD Item 7 · 2025 filing · 21 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | $60K | $60K | |
| Professional Services | $3K | $10K | |
| Site Evaluation Services | $2K | $4K | |
| Site Selection Assistance Fee | $0 | $4K | |
| Security Deposit and Rent | $29K | $105K | |
| Architectural Fees | $38K | $47K | |
| Leasehold Improvements (Gross) | $759K | $1.4M | |
| Fixtures, Furniture and Equipment | $319K | $575K | |
| Signage | $20K | $27K | |
| Initial Inventory | $44K | $51K | |
| Computer and IT Systems and Components | $59K | $76K | |
| Additional IT Related Services | $1K | $2K | |
| Business Licenses and Permits | $250 | $1K | |
| Initial Training Fee | $5K | $5K | |
| Training Expenses | $3K | $5K | |
| Insurance (For Initial 3-Month Period) | $16K | $32K | |
| Grand Opening | $5K | $5K | |
| New Location Launch Program | $10K | $10K | |
| Employment Screening and Investigation Services | $607 | $2K | |
| Additional Funds for the start-up phase (For Initial 3-Month Period) | $108K | $258K | |
| Total initial investment | $1.5M | $2.8M |
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.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$558K
22.2% margin
Unlevered ROIC
25%
EBITDA / total invested capital
Payback
4.1 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $1.5M – $2.7M
- Near category avg vs category
- Liquid capital req'd
- $108K – $258K
- Near category avg vs category
- Franchise fee
- $60K – $60K
- Near category avg vs category
- Royalty
- 6.0%
- percentage_of_gross · typical 6–8%
- Ad fund
- 1.8%
- typical 3–5%
- Total fee load
- 7.8%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 1.8% of gross sales |
| Technology fee | $550 |
| Transfer fee | $15K |
| Renewal fee | $13K |
| Inventory (initial) | $44K – $51K |
| Total fee load | 7.8% of rev |
Financial Performance
- Avg gross sales
- $2.5M
- Per unit, per year
- Median gross sales
- $2.5M
- Item 19 type
- gross_sales
- Sample size
- 76 units
- vs category median 35 · large
- Range (low → high)
- $675K→$5.7M
- Cohort dispersion (min → max)
- Transparency tier
- revenue_only
- Categorical assessment of disclosure depth
- Transparency
- 4 / 5
- vs category median 4 / 5 · typical
Compared against 186 Personal Care & Beauty brands
vs Personal Care & Beauty averages
How Woodhouse Spa Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 88
- Opened
- 6
- Last reporting year
- Closed
- 1
- Turnover rate
- 1.1%
- Company-owned
- 4
- Corporate units in the system
- % franchised
- 96%
- vs corporate-owned
- Net growth (yr3)
- +5.0%
- Net unit change last year
- 3-yr CAGR
- +15.1%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 4
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 1
- Reacquired (3yr)
- 0
- Franchisor bought back
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 14 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).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Available to sell in · Item 12
- Indiana
- Michigan
States where the franchisor is registered to sell new franchises (FDD registration filings).
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Woodhouse Spa presents elevated risk due to franchisor financial instability, undisclosed franchisee profitability, systemic litigation involving bankruptcies, and anemic unit growth.
Litigation (Item 3)
2 case reference(s): 0 pending, 8 settled.
Largest disclosed settlement: $125,000
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Plante & Moran, PLLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: Yes
Score breakdown · what drove the 58 / 100 rating
- 01HIGHGoing Concern status is False — franchisor may have financial/operational viability issues
- 02MINORNo net income disclosure (Item 19) — cannot assess actual franchisee profitability despite $2.5M average revenue
- 03HIGHLitigation history shows systemic issues: trade secret theft claims, non-compete breaches, and termination disputes resulting in franchisee bankruptcies
- 04MINORSlow unit growth (5.0% YoY) relative to investment size suggests market saturation or franchisee dissatisfaction
- 05MINORHigh investment range ($1.48M–$2.7M) combined with 6% royalty creates significant breakeven burden without profitability transparency
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius |
| Protected territory | Yes |
| Online sales rightsℹ | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 4 |
| Curable defaultsℹ | 1 |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | Colorado |
| Litigation count | 2 |
View Item 3 litigation summary
2 case reference(s): 0 pending, 8 settled.
Items 10, 11
Training & Operations
- Classroom training
- 34 hrs
- On-the-job training
- 32 hrs
- Training location
- On-site and corporate
- Site selection
- joint
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
77 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Woodhouse Spa · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Woodhouse Spa franchise?
The total investment to open a Woodhouse Spa franchise ranges from $1.5M – $2.7M, with an initial franchise fee of $60K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Woodhouse Spa franchise owners earn?
According to Item 19 of the Woodhouse Spa FDD, the average gross sales per unit is $2.5M. The median is $2.5M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Woodhouse Spa's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Woodhouse Spa (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Woodhouse Spa franchise locations are there?
As of their most recent FDD filing, Woodhouse Spa has 88 total units in the United States, including 73 franchised units and 4 company-owned units. 6 new units were opened in the latest reporting year.
Is Woodhouse Spa a good franchise to buy?
FranchiseVerdict rates Woodhouse Spa as a B-grade franchise with a risk score of 58 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. 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
Are you the franchisor?
If you represent Woodhouse Spa, you can request corrections or provide updated information.
Claim this brandOther Personal Care & Beauty franchises
Compare similar franchise opportunities in the Personal Care & Beauty category
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.