Yes. In fact, we encourage it. For a second or third unit, franchisees apply the same skills and ownership-experience they developed running a single studio. The great thing about opening an additional studio is that you don’t have to start from scratch.
Multiple studio ownership (within a fixed geographic area) can cut down your costs in many ways. At times, you get reduced pricing for supplies and advertising because you are purchasing more. You also have the option to share artists, bartenders and other resources between locations.
If you need to acquire financing, we have a few resources available to new franchisees to help them with their investment. Small Business Administration (SBA) loans, local bank loans or retirement funds are the ways most of our franchisees fund their investment. We also have a couple of preferred lending vendors. To read a few more FAQs about multi-unit franchise ownership, check out this article.