Hand and Stone Feautred in Colorado Springs Gazette

Hand and Stone was recently featured in a great article in the Colorado Springs Gazette called, “Prime territory? Four franchisors see Springs as ripe for business,” which published Saturday, August 14. The article was built from an in-depth interview with Erik Bostrom about why Colorado Springs is a great expansion market for Hand & Stone, what makes Hand & Stone a step above the competition and who makes the ideal franchisee. A portion of the article is below and you can view the article in its entirety here.

Prime territory? Four franchisors see Springs as ripe for business
By Bill Radford

HAND & STONE
Hand & Stone, a massage and facial spa, was launched by a physical therapist in New Jersey in 2005 and has grown to about 30 locations. Erik Bostrom operates a Hand & Stone franchise in Highlands Ranch; he’s also regional developer for Colorado and is looking at three markets: northern Colorado, Denver and Colorado Springs. He envisions two to three locations in the Springs and 20 or so in the Denver area.

In Colorado, “we’re looking at kind of a perfect storm of conditions that make it perfect to grow,” he said. Colorado’s economy is starting to recover more quickly than the nation as a whole, he said; at the same time, a soft commercial real estate market makes acquiring property easier. And Colorado’s active, healthy lifestyle provides the ideal clientele, he added.

Bostrom said he is particularly interested in the Springs because of its large population of former military.

“Folks that are former military tend to do very well in franchises,” he said. “They understand the benefits of following a designed system.”

Bostrom cites a total initial investment of $280,000 to $375,000 for a franchisee. Beyond the finances, he said, he’s looking for franchisees with solid management skills.

“We’re going to teach you the industry,” he said. “That’s what we’re experts in.”

Another massage franchise, Massage Envy, is already settled in town with two locations in the Springs.

“I give Massage Envy credit,” Bostrom said. “They were the first in this industry.”
But he said, “I think we’ve built a better mousetrap in a number of different ways.” One factor he cites is the breadth of Hand & Stone’s services, going beyond massage to include services such as facials, chemical peels, microdermabrasion and a variety of waxing services.

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