Hand & Stone Featured in New Jersey Business Journal

Hand & Stone was recently featured in the New Jersey Business Journal in an article titled "NJ-based franchise finds downturn a soothing time to grow" in which Bob McQuillan, VP of Franchise Development, discusses opening 4 Hand & Stone locations in two weeks. He also talks about why holiday season is optimal for growth (great opportunity for gift card sales), and Hand & Stone’s business model of massage – a service that was once considered a luxury, is now affordable and accessible to everyone. A portion of the article is included below and it can be read in its entirety by clicking here.

N.J.-based spa franchise finds downturn a soothing time to grow
By Beth Fitzgerald

Hand & Stone, a New Jersey-based spa franchise targeting customers seeking affordable treatments, is adding four new locations in the next two weeks, bringing the number to 11 in New Jersey and 36 nationwide.

Bob McQuillan, vice president of franchise development, said the pre-holiday season is a key time for new spas to open, with gift cards making up about one-third of the revenue. A new franchise that opens up just before the holidays will get an immediate infusion of cash from the sale of gift cards, he said. Cash flow from gift cards provides working capital “until the business ramps up and revenues increase,” he said. Valentine’s Day, along with Mother’s Day and Father’s Day, also are big holidays for spas selling gift cards, he said.

Hand & Stone was founded in Toms River in 2005, and is now based in Hamilton.

McQuillan said Hand & Stone is aimed at customers who want to be pampered with a massage or a facial, but can’t afford the $150 to $200 per session prices at upscale spas; Hand & Stone offers its services at around $50 to $60 — “a beautiful atmosphere, minus the champagne and the robe,” he said.

The four new locations will be in Cherry Hill, Princeton, Voorhees and Delran.

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