Hand & Stone Franchise Corp.

Hand & Stone Franchise Corp. is a provider of spa services, specializing in massage therapy, facials, and body treatments, aiming to enhance relaxation and overall well-being for its clients. Hand & Stone was founded in 2004 in the US, focusing on delivering quality spa experiences. The company has undergone no significant pivots and does not operate under a parent company.

The founders and current leadership include Azhar Shaikh and CEOs John Teza and Tom McMenamin. Hand & Stone has completed 6 deals, with the most recent deal occurring on June 7, 2022. Hand & Stone Massage and Facial Spa specializes in a wide range of services including professional massage therapy, customized facials, hair removal, and body treatments. Core services feature specialty massages such as Swedish, Deep Tissue, Prenatal, and Oncology, along with targeted facials like Anti-Aging and Hydrating.

With over 600 locations across the United States and Canada, the company emphasizes personalized care from trained massage therapists and licensed estheticians. The revenue model of Hand & Stone revolves around direct consumer transactions, enabling clients to book services or join a membership program that offers discounted rates. Revenue is generated through one-time service payments and recurring membership fees, with pricing reflecting various treatment options and enhancements available for additional fees. Following the acquisition by Harvest Partners in June 2022, which supports the expansion of Hand & Stone's business, the company is focused on exploring new markets and enhancing service offerings.

Future initiatives include developing new products tailored to client needs, and plans for geographic expansion are being evaluated, although specific regions and timelines have yet to be disclosed.