Honor Yoga FDD – Franchise Information, Costs and Fees
Type of Business
As a franchisee, you will operate an Honor Yoga studio which will offer yoga classes to students of all ages and at all stages of their practice in an eco-friendly environment. Class, workshops and series offerings include beginner yoga, intermediate yoga, advanced yoga, family yoga, teen/tween yoga, senior yoga, restorative yoga, heated yoga, pre/post-natal yoga, aerial yoga, yoga barre and various styles of meditation.
Corporate Information
Honor Yoga Management, LLC is a Delaware limited liability company. They were originally formed in April, 2015 as a New Jersey limited liability company. In January, 2019, they redomesticated to Delaware. They maintain their principal business address at 59 Lawrencia Drive, Lawrenceville, NJ 08648. Beginning in January, 2016, they began to offer franchises for Honor Yoga studios.
Investment
The total estimated investment necessary to begin the operation of an Honor Yoga studio ranges from $192,608 to $360,108. This includes $65,108 to $71,108 that must be paid to the franchisor.
The franchisor may also offer to certain qualified people the right to develop multiple Honor Yoga studios under a Multi- Unit Development Agreement. The total investment for the first location under a Multi-Unit Development Agreement for the development of three Honor Yoga studios is between $265,824 to $433,324. This includes $138,324 to $144,324 that must be paid to the franchisor. The total investment for the first location under a Multi-Unit Development Agreement for the development of five Honor Yoga Studios is between $334,040 to $501,540. This includes $206,540 to $212,540 that must be paid to the franchisor.
