How Much Does a Spenga Franchise Cost?
Data from the 2024 Franchise Disclosure Document
Investment Summary
Total Investment
$436K – $824K
Franchise Fee
$50K
Royalty
The greater of: (i) 7% of the “Net Cash In” generated by your Studio over a given reporting period; or (ii) royalty payment of $1,000 per month
Ad Fund
2.0%
Cost Breakdown
Initial Franchise Fee
The initial franchise fee for Spenga is $50K. This one-time payment covers the right to operate under the brand, access to proprietary systems, and initial training programs.
Total Investment Range
Opening a Spenga franchise requires a total investment of $436K – $824K. This range typically includes real estate or leasehold improvements, equipment and fixtures, initial inventory, signage, insurance, and working capital to sustain operations during the ramp-up period.
Working capital alone ranges from $10K to $25K.
Ongoing Costs
Beyond the initial investment, Spenga franchisees pay ongoing fees. The royalty structure is: The greater of: (i) 7% of the “Net Cash In” generated by your Studio over a given reporting period; or (ii) royalty payment of $1,000 per month. The advertising or brand fund contribution is 2.0% of gross sales. There is also a technology fee of $450.
Net Worth & Liquid Capital Requirements
Spenga requires working capital of $10K – $25K to cover initial operating expenses. This is the liquid cash you should have available beyond the franchise fee and buildout costs.
What Can You Earn?
Spenga does not disclose earnings data in Item 19 of its Franchise Disclosure Document. Not all franchisors choose to publish financial performance representations, though this is a data point many prospective franchisees consider important.
How Do Banks View Spenga?
SBA Loans Issued
55
Default Rate
32.0%
The SBA (Small Business Administration) tracks loan performance for franchise brands. Spenga has 55 SBA-backed loans on record. The default rate is 32.0%, which is above the franchise industry average, suggesting higher lending risk. A lower default rate generally indicates that lenders view the franchise as a safer investment, though past performance does not guarantee future results.
Next Steps
Talk to current Spenga franchise owners
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