Franworth, a franchise-focused growth equity firm based in Ann Arbor, has formed a partnership with Skoah, a Canadian specialty retailer and facial-only spa franchise. Terms of the deal were not disclosed.
Franworth says it plans to support Skoah with its ongoing growth throughout the U.S. and accelerate franchise development efforts. The brand currently has 15 locations in the U.S. and Canada. Skoah aims to open hundreds of new units over the next several years. The company currently has locations in Seattle, Boston, and Houston, and is seeking potential franchise candidates to drive the brand’s growth in target markets nationwide.
As a membership-based skin care franchise, skoah says it makes ongoing facials affordable and accessible. In addition to its facial services, the brand launched a proprietary skin care product line in 2003, which has grown to include more than 70 products and creates an additional recurring revenue stream for franchisees.
“At Franworth, we believe in partnering with trailblazing concepts that have passionate founders eager to take their business to the next level, and Skoah is no exception,” says John Rotche, founder and CEO of Franworth. “The brand offers a service and experience that is truly unparalleled, and with its existing U.S. locations performing tremendously, we have no doubt that Skoah is poised to become one of the hottest franchise concepts in the industry today.”
In addition to its new partnership with Skoah, Franworth also recently announced the launch of Liberty Fulfillment, a logistics division and e-commerce platform that supports its growing portfolio of franchise brands. Led by Franworth’s president of procurement, Dan Hannay, the state-of-the-art system offers robust warehousing capabilities and an e-commerce platform to support franchisors and franchisees with their product procurement, fulfillment and distribution needs.
“We recognize that navigating fulfillment and distribution can be a challenge for our franchisees, which is why Liberty Fulfillment is such an invaluable resource for our brand, particularly as we prepare to expand our footprint throughout the U.S.,” says Andrea Mundie, co-founder, CEO, and president of Skoah. “With high-margin product sales, it’s imperative for us to streamline our supply chain technology in order to scale our brand for the long-haul. Having the opportunity to leverage Franworth’s innovative process and technology made this partnership a no-brainer for us, and we look forward to leveraging the immense expertise of John and the Franworth team to support our brand’s continued success and growth.”
Skoah currently is seeking qualified candidates to join its growing brand, with franchise opportunities available in markets throughout the U.S. and Canada. For more information about franchising opportunities with Skoah, visit here.