- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$59K - $156K
- Units as of 2023
-
23 130.0% over 3 years
The first OTA World location opened in 2018 and began franchising the following year. OTA World offers massage chairs and the accessories that go with them. The chairs may be considered by many to be of high quality.
OTA World offers customers the opportunity to purchase a comfortable massage chair that supports a healthy lifestyle and contributes to the customer’s ability to relax. These high-quality massage chairs are sold in upwards of 10 locations in the United States.
Why You May Want to Start an OTA World Franchise
OTA World offers customers the ability to see and test several massage chairs in brands that they may recognize. Many places that sell massage chairs offer only one or two chairs to test. If a customer decides to order, their chair will be shipped directly from the warehouse. There may be no need for the franchisee to carry stock with this business model.
OTA World franchises may offer another benefit that is likely to attract customers. Customers can choose curbside delivery or have the chair installed in their homes with high-quality assembly service. The professional customer service team, combined with a thorough warranty plan, may add value to this product.
What Might Make an OTA World Franchise a Good Choice?
Franchisees at OTA World may be like any other business owner. At OTA World, franchisees will set goals for sales and service while seeking to keep expenses low and sales high. Not all sales months will be the same for the OTA World franchisee; costs could vary from season to season depending on the franchise's location and the local rental costs. Utilities and administrative costs will be higher in some areas than in others. Franchises will also differ in their store layouts and opening plans, so costs for furniture, renovations of the building, and signage will vary. Some OTA World stores will open with more staff than others. Each franchisee makes decisions that will guide the quality of the service while remaining within the franchise guidelines.
To be part of the OTA World team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising fees and renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.
How to Open an OTA World Franchise
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the OTA World franchising team questions.
If awarded a franchise, franchisees may receive a great deal of support from the OTA World brand throughout the franchising process. In addition to pre-opening training, franchisees could receive support through brand awareness, marketing, research, and construction. They also receive hands-on training and continued support after their franchise location has opened.
Company Overview
About OTA World
Industry | Retail |
---|---|
Related Categories | Furniture & Appliances, Miscellaneous Retail Businesses |
Founded | 2018 |
Parent Company | OTA Healthmate LLC |
Leadership | Michael Cha, CEO |
Corporate Address |
1001 W. Crosby Ln. Carrollton, TX 75006 |
Social | Facebook, LinkedIn, Instagram |
Business Overview
Franchising Since | 2019 (5 years) |
---|---|
# of employees at HQ | 25 |
Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises worldwide. |
# of Units | 23 (as of 2023) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a OTA World franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$0 |
---|---|
Initial Investment
|
$59,000 - $156,000 |
Net Worth Requirement
|
$250,000 - $400,000 |
Cash Requirement
|
$60,000 - $100,000 |
Ad Royalty Fee
|
1% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | OTA World has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory |
---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 20-40 hours |
---|---|
Classroom Training | 12-20 hours |
Ongoing Support |
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
|
Marketing Support |
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
# of employees required to run | 1 |
Are exclusive territories available?
|
Yes |
Additional Rankings
Curious to know where OTA World ranked on other franchise lists? Find out below.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to OTA World.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
The IFA Just Released Guidelines to Combat an Industry-Wide Problem. Here's What it Means For Businesses.
The guidelines, part of the responsible franchising initiative, are aimed at strengthening and expanding the franchise industry and franchising model via increased transparency.
After Months of Scrutiny, Roark Capital Finalizes $9.6 Billion Subway Acquisition
The sale, initially announced in August 2023, was delayed by Federal Trade Commission scrutiny.
Location Is Everything — Especially in Franchising. These Are the Territory Rules You Need to Know.
In the franchising world, one of the most significant business model decisions you'll make is whether to buy a location-based brick-and-mortar brand or a service-based brand. Based on this decision, the rules around franchise territories change. Here's what you need to know.
What the NLRB Appeal of the Expanded Joint Employer Rule Judgment Means for Your Business
With this action by the NLRB, the once-dead expanded rule could be resurrected by a federal appeals court. Here's what to do to protect your business.
Burger King Makes a $300 Million Investment in Modernizing Its Restaurants — See the Updated Look Here
The fast-food giant is set to revamp 1,100 of its U.S. locations, signaling a significant next phase in its ongoing "Reclaim the Flame" initiative.
Build Your Entrepreneurial Dream with the Top Home Improvement Franchises in 2024
Whether you're a design enthusiast or a veteran contractor, turn passion into profit and explore the best home improvement franchises.