Innovative Online Community Offers Customized Wellness Solutions to Fit Every Lifestyle Need

MyLifeWell announces today the launch of its new online platform designed to make wellness accessible and easy for all. Arriving at the perfect time in a year complete with anxiety from a global pandemic, rampant wildfires, and an uncertain Presidential election, MyLifeWell has a powerful mission to help improve personal and social wellbeing for clients all over the world.

Currently in a “soft launch” phase, MyLifeWell will launch in full in November. Once complete, the platform will be a one-stop shop and personal wellness hub that caters to each individual’s lifestyle needs with three pillars — Live Well, which will feature on-demand, live streamed and one-on-one private virtual wellness classes from the best instructors around the world, Travel Well, offering exclusive active and wellness trips and retreats to coveted wellness destinations like Ananda in the Himalayas and Canyon Ranch, and Shop Well, featuring a collection of high quality products to support a healthy lifestyle. Content and programming will surround nutrition, fitness, yoga, mindfulness, energy healing, stress management, financial management, anxiety, sleep and more.

MyLifeWell offers a variety of carefully curated wellness programs and products devised to help people thrive in their daily lives. Membership levels range from the free “Wellness Explorer” level to the more robust “Wellness Devotee” level, featuring enhanced content access. Supplementary services are also available, including Wellness Coaches to create personalized wellness journey plans and Wellness Travel Advisors to develop fully customized getaways.

MyLifeWell is the brainchild of Founder Gaurav Goomer. Originally from India, he witnessed the power of living a wellness-based lifestyle firsthand during his upbringing and lost this after coming to the U.S. and working in a high-profile role in the “always on” corporate world. No matter how much time

A little more than a year ago, we covered The Joint Corp. (JYNT), a small-cap specialized franchisor of chiropractic clinics in the United States. The company initially grabbed our attention because of its snowballing expansion over the past few years, causing shares to jump from $2 to $20 during a relatively short period of time.

Source: Google Finance

We are particularly interested in franchises with the potential to scale, as many successful brands have utilized this type of business model to grow rapidly, with limited capital intensity. We have previously discussed such cases in our recent Domino’s Pizza and Dunkin’ Brands articles.

In this article, we will:

  • Discuss The Joint Corp.’s business model and financials.
  • Assess the stock’s valuation and investor returns.
  • Conclude why The Joint Corp. could provide a profitable investment opportunity, though risks remain.

Source: shesafitchick

Business model and financials

Over the past few years, The Joint Corp. has revolutionized access to chiropractic services since it launched its retail healthcare business model in 2010. The company strives to make quality care convenient and affordable while ending the need for insurance for millions of patients seeking pain relief and long-term wellness.

From the get-go, we are particularly excited about investing in the wellness space. Wellness, in general, has been gaining increasingly more attention, with practices like meditation and yoga undergoing a propelling trend. The company is capitalizing on this trend by offering chiropractic services at an affordable price. An appointment which normally costs around $77 is offered at $29 – a significantly lower price. While the sessions are provided on the cheap, each location’s operations are able to maintain profitability through increased volume. Management estimates that average patient visits per clinic are around 600/month in general clinics, vs. 1,350+/month in its own branded clinics. COVID-19’s staying-at-home way of life

Technavio has been monitoring the global wellness tourism market size and it is poised to grow by USD 315.47 billion during 2020-2024, progressing at a CAGR of over 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Wellness Tourism Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aspira Spa, Clinique La Prairie, Gaia Retreat & Spa, Hand & Stone Franchise Corp., HOT SPRINGS RESORT & SPA, Kempinski Hotels SA, Lanserhof GmbH, Marriott International Inc., ME SPE Franchising LLC, and Rancho La Puerta Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Growth in personal wellness awareness has been instrumental in driving the growth of the market. However, the perception of wellness tourism as a luxury travel market might hamper the market growth.

Technavio’s custom research

PetWellClinic in retail center.
PetWellClinic in retail center.
PetWellClinic in retail center.

Knoxville, TN, Sept. 29, 2020 (GLOBE NEWSWIRE) — PetWellClinic, the Tennessee based franchise known for its unique walk-in model for veterinary care, got off to a hot start with its franchising efforts, signing agreements to launch 10 clinics across the Pittsburgh Metro Area. 

The 10 locations will be owned and operated by two separate franchise owners, Dave Kowcheck (8 clinics) and Dave and Colin Jones (2 clinics). 

Kowcheck is the former owner of a national construction company, and will be using his operational expertise to rapidly develop his franchise locations. He began his franchise search by working with David Jones, a franchise consultant whose primary service is helping individuals recognize and evaluate franchise opportunities that are a good fit for their skill set, personal interests, and goals.

Kowcheck explained, “An idea like PetWell never really crossed my mind before. I was looking for my next business venture and it was important to me that it be ahead of the curve in a growing industry. When Dave Jones presented the opportunity, it immediately piqued my interest. After diving into the weeds through due diligence, I found the disruptor I was looking for coupled with simple operational systems. I’m excited to bring the future of veterinary care to my hometown in Pittsburgh!”

Jones’ service to his clients typically runs its course after he’s guided them through the research and due diligence process, and has connected them with a brand that checks all the boxes. However, in the case of PetWellClinic, Jones was so compelled by the vision of the founding team, led by Dr. Sam Meisler, that he decided to jump in alongside Kowcheck to pursue franchise ownership himself.

“For the last 4 years I’ve been helping entrepreneurs make the leap into business ownership