Owning a GLOsquad is an amazing experience. You get to meet amazing women and men of all ages and help people them achieve their goals of turning back time beautiful skin.
We award franchisees based on qualifications, including but not limited to:
- Net worth of $1,000,000 and liquidity of $350,000
- Beauty, Retail or Hospitality Experience
- Energy and Enthusiasm
- General Compatibility with the Concept
Above all, we’re looking for people who share our obsessive dedication to incredible customer service. It helps, but is not required, if you or someone on your team have some skincare related experience. You will also need to be able to make a financial investment. Building a GLOsquad requires an investment and will cost around $100k depending on your geographical location.
Finding great locations for each GLOsquad is a collaboration between the franchisee, our corporate team, and potentially a real estate partner. There are two options for opening a GLOsquad lounge. . . partnering with an existing retailer to sublet a space within their location (ideally a hair salon or fitness center or beauty provider that does not compete) or opening a stand alone location.
We will guide you as to our target demographic but we know that it’s pretty much women and men with skin.
DESIGN AND BUILDOUT OR CONSTRUCTION
We will provide comprehensive services necessary to design and coordinate construction of your GLOsquad, including space planning, design, construction documents, and the option to help the bid process and support during construction.
We have negotiated a flat fee for design and architectural services for each new location, which is well below the industry standard for work of this standard.
TRAINING AND SUPPORT
We’ll make it super easy for you to open and operate your GLOsquad. For example,we provide the following initial and ongoing training and support:
- Help finding a location and negotiating your lease.
- Complete lounge design, development, and construction support services.
- Full integration with our customized online booking and POS systems.
- Cost-savings by utilization of our centralized phone center for taking appointments.
- Comprehensive operations manual.
- Training for 1-3 members of your team in our Greenwich, Connecticut location.
- GLOsquad “music profile
- Marketing support and guidance including social media, public relations direct mail and promotional materials.
- Pre-opening training at your newly constructed lounge.
START UP COSTS
Start up costs will include the following fees. Specific prices vary upon location and type of GLOsquad you choose to open. We are happy to discuss with you in more detail our estimates.
Initial Franchise Fee
Initial Software License and Set-Up Services
Call Center Program Set-Up Fee and Services
Lease Payments (3 months)
Architect, Engineer, Drawings
Furniture and Fixtures
Office Equipment, Supplies and VOIP Telephone Services
Computer Hardware and Software
Grand Opening Promotion
Marketing and Promotional Inventory
Business Licenses, Permits, Etc
Insurance Deposits and Premiums (first year)
Working Capital (3 months)
How much can I make as a GLOsquad franchisee?
The Federal Trade Commission and state franchise sales regulations do not allow franchisors to provide profit projections. However, if you become a qualified candidate, we would be happy to share our Franchise Disclosure Document (FDD). Our FDD will highlight our historical sales from our company-owned and franchised locations.
How much are the royalties and other annual fees?
Our current Initial Franchise Fee is $30,000. Royalty fee is 7 percent of gross sales. Marketing fee is up to 2 percent of gross sales.
Do I need experience in the skincare industry?
No. We are looking for individuals who share our obsessive dedication to incredible customer service. We can teach you and your team the rest.
How much does it cost to become a GLOsquad franchisee?
All-in Start-up costs range depending on a number of things, including the size and condition of your location. A complete breakdown of these estimated costs is included in our FDD.
Does GLOsquad offer financing?
No, you will be responsible for financing. We would be happy to introduce you to lenders and financing brokers who are familiar with our business.
How long does it take to open a GLOsquad?
Each location is different, but the most time-consuming steps tend to be site selection, lease negotiation, build-out (including permitting) requirements, and training. However, we anticipate it will take approximately 6 to 9 months from signing your lease to opening day at your GLOsquad.