Page de couverture de Wellness Studio Systems for Franchise Operators to Maximize Retention & Profit - Justin Kennington

Wellness Studio Systems for Franchise Operators to Maximize Retention & Profit - Justin Kennington

Wellness Studio Systems for Franchise Operators to Maximize Retention & Profit - Justin Kennington

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 🔗 Download the free Stratego CFO Playbook: https://bit.ly/owner-seat-cfo-playbook—--------------------------------In this episode of the Owner Seat podcast, host Albert Ramos is joined by Justin Kennington, a former high-performance tech executive (with experience at Google and Crestron) who transitioned into the wellness industry as a franchise owner of Altered State Wellness in Houston’s Vintage Park. Justin shares his journey from managing global technology alliances to launching a modern recovery studio that blends science-backed modalities with a clean, retail-focused consumer experience. They discuss the "unit economics" of wellness, the shift from fitness to recovery, and the logistical hurdles of building out a premier studio in record time.Key TakeawaysThe Leap from Tech to Wellness: Justin explains his career pattern of "blowing things up" to take bigger risks, moving from semiconductor manufacturing and neuroscience studies to the emerging recovery market.Multimodal Recovery: Altered State Wellness focuses on an "integration of science and wellness," offering services like float therapy, red light therapy, infrared saunas, cold plunges, and compression boots.The "Peak State" Model: Justin breaks down a tiered membership structure, ranging from modality-specific unlimited passes to the "Peak State" tier, which offers unlimited access to all services.Data-Driven Wellness: The studio is pioneering the use of nervous system scans (via BrainTap) to measure a client's sympathetic vs. parasympathetic state, allowing for customized recovery plans based on real-time neuroscience.The Realities of Build-Out: Justin shares the "good, bad, and ugly" of retail construction, including the 2,000-mile challenge of managing a Houston build-out from Cape Cod and the importance of having a trusted general contracting team.Episode Timestamps[00:00:00] – Introduction: Meet Justin Kennington, tech executive turned wellness entrepreneur.[00:04:00] – The Transition: Why Justin decided to leave the corporate world and dive into franchising.[00:06:17] – Discovery Process: Conducting due diligence on the Altered State Wellness brand.[00:10:11] – The Altered State Experience: A tour of the lobby, lounge, and recovery atmosphere.[00:14:30] – Unit Economics: Breaking down the credit-based and unlimited membership tiers.[00:18:28] – The Future of Neuroscience: Using BrainTap for nervous system scanning and bio-customized recovery.[00:21:44] – Build-Out Speed Bumps: Managing a construction project 2,000 miles from home.[00:27:00] – Real Estate Strategy: The "million-dollar commitment" of a commercial lease and the importance of financial modeling.Connect with the guest Justin Kennington:👉🏼 LinkedIn: https://www.linkedin.com/in/justin-kennington/Connect with Host Albert Ramos:👉🏼 LinkedIn: https://www.linkedin.com/in/albertramosjr/More From the Owner Seat:👉🏼 LinkedIn: https://www.linkedin.com/company/stratego-intel-consulting/👉🏼 Apple Podcast: https://podcasts.apple.com/us/podcast/the-owner-seat/id1853608387👉🏼 Spotify: https://open.spotify.com/show/78jWN8OnnBLGpGpRfhWutl?si=9604f4493acd4dcb#WellnessEntrepreneur #AlteredStateWellness #RecoveryStudio #UnitEconomics #Neuroscience #FranchiseOwner #MindBodyHealth #FitnessToWellness #HoustonBusiness #OwnerSeatPodcast
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