10 Top Med Spa Franchise Opportunities for 2024

Anyone considering opening a medical spa will need to decide whether to join a med spa franchise or go it alone as an independent med spa.

Franchising is an important part of the heath and wellness industry and can be a great way to jumpstart your med spa business.

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1. Advantages and Disadvantages of Medical Spa Franchising
2. How Much Does It Cost to Franchise a Medical Spa?
3. 10 Top Med Spa Franchise Opportunities
4. Conclusion

Advantages and Disadvantages of Medical Spa Franchising

If you want to know if joining a med spa franchise is right for you, it's important to first look at the risks and benefits faced by franchisees of med spa chains.

Advantages of Joining a Medical Spa Franchise

Well Known Brand. New med spas often need to build their brand recognition and customer base from the ground up, but franchising is a shortcut to help boost your marketing by relying on the support of an existing, trusted name.

Customer Base. As part of a franchise chain, med spas can rely on a name familiar to customers almost anywhere, which can reduce initial advertising costs, get customers in the door for their first service appointment, and help your location see higher profits and better growth than an independent spa when it first opens.

Business Management Support. Franchisees can often count on professional development opportunities for management and employees, as well as a business network willing to provide advice and free assistance to help them set up and run a med spa, sometimes even including equipment, training materials, business plans and supplies as part of your fee.

Buy in Bulk. One advantage that franchise businesses enjoy is that they do not need to replenish stock individually, and they typically pay lower prices for products because the entire franchise network in their area or several locations will buy in bulk, reducing the total amount that suppliers charge individual businesses when ordering items.

You Can Start With Less Experience. Franchisees can be part of a successful med spa chain and get a lot of help with advertising, recruiting and managing the basic aspects of a spa.

Tested Business Models. Tested their business models in multiple locations and have perfected their approach to success in the industry, which can make them a safer investment.

Lower Failure Risk. Med spa franchises have a lower risk of failure than independent businesses. Partnering with a well-known full-service med spa chain is a great marketing tool that can help you get the most out of your initial investment.

Freedom. You will be your own boss but not on your own; med spa and their owners are part of a larger support network and have access to many different resources that independent locations do not.

Profitable. One of the benefits of joining a franchise is that you already have a space in the med spa service industry, customers are familiar with your services and products, and franchisees can benefit from that visibility and the customers you bring in.

Disadvantages of Medical Spa Franchising

Let's take a look at some of the most common drawbacks that potential franchisees need to understand before making their initial investment.

Initial Investment. Popular med spa chains, even smaller franchises, usually require an initial investment (or franchise fee) to join the company, and their costs can vary between franchise opportunities and locations.

Rules and Policies. Even the best medical spa chains still require you to abide by their professional standards, including things like hours of operation, advertising requirements, and even the holidays you work (depending on your franchise agreement).

Creative Limitations. Medical spa that join franchises don't always have artistic control over their layout, website, décor, or even the music they allow to be played, which can be challenging to deal with.

Monthly Fees. Depending on your franchise agreement, you may have to pay ongoing costs such as royalties, company training fees, or other ongoing business expenses.

Possible Conflicts. Medical spa chains rarely operate in a vacuum, and if you have to deal with managers or associates you don't like, you may not have any choice but to deal with them.

You Don’t Own the Brand. Franchises are great, but they don't give you the opportunity to build your business under your own brand, which can make it hard to get out of doing so later.

How Much Does It Cost to Franchise a Medical Spa?

Let's take a look at some average franchise fees and what they cover.

Franchise Fee

This is the initial investment the franchisee makes in order to join. Most med spas have franchise fees ranging from $20,000 to $50,000.

In return, you are able to use the company's brand name, their business systems, training materials, staff uniforms and anything else they offer (such as a website) to set up and market your medical spa.

If your company buys in bulk or contracts with vendors, you may also be able to get discounts on hair care supplies and retail inventory.

Sometimes you can get a discount on this initial cost if you open multiple units or locations at the same time.

Opening Stock

The products you'll need to open a new med spa. Typically, you will need to purchase hair franchise products to stock, sell and use a specific line of products depending on your company. These costs can vary widely, but spending $5,000 to $10,000 is normal.

Royalty Fees

A royalty fee is an annual fee you pay to a med spa franchise company for the continued use of their services and company name. Royalties can be a fixed amount or a percentage of your total revenue.

Training And Setup

This includes everything from upgrading your signage and furniture, to decorating, staff and management training, and even in some cases, website templates, medical spa software and IT services. Including rent, this can cost $100,000 to $300,000.

So how much does it cost to franchise a med spa? It probably depends a lot on the franchise company, whether your location is leased or owned, and the value of the services they provide.

10 Top Med Spa Franchise Opportunities

There are many different opportunities available to med spa franchisees. Here is a list of some of the best franchises we have found for medical spa franchising.

#1. Radiance Medspa

Radiance locations offer a range of medspa treatments, including BOTOX, Juvéderm, Body Contouring, and Laser Treatments. Their medical aestheticians also provide facials, laser treatments and hair removal.

Their main location is based in Florida, and Radiance was recently named a Clearwater Regional Chamber Business of the Year. They charge 4% royalty fees, require an initial investment of $269,300 - $533,300, and their franchise fee is $80,000.

Do not miss our post on med spa mission statement.

#2. V/O Med Spa

Founded in 2018, this is a boutique-style med spa that specializes in anti-ageing treatments and body contouring.

If you want to join V/O Med Spa, you’ll need to apply ang go through a qualification process that typically takes 60-120 days. Expect to pay a $39,000 franchise fee, 6% in royalties, and be ready to invest anywhere from $583,850 - $723,900.

#3. Face to Face Spa

Based in Austin Texas, Face to Face Spa provides new franchise members with over 120 hours of classroom and on-site training, along with a business development manager.

The chain specializes in skincare regimens that focus on achieving results. To join, you’ll need to go through a five-step interview/ orientation process, have at least $240,000 plus a $39,000 franchise fee.

#4. Medspa810

This chain of medical aesthetic clinics offers injectables, laser hair removal, skincare and body contouring services. Founded in 2011, they’re relatively new on the med spa scene.

If you want to join this franchise, they recommend you have at least $600,000 available to invest, depending on your location.

#5. Flawless Icon

With its headquarters in South Florida, this franchise offers a wide range of face, skin and body treatments including facials, laser hair and tattoo removal and skin rejuvenation therapy.

If you’re looking to join them and help expand the franchise, be prepared to invest a significant amount, sling with franchise fees. They request that anyone interested contact them for more details.

#6. VIP Laser

They provide clients with skin-resurfacing treatments, chemical peels and anti-ageing therapies. They started franchising in 2017 and offer an exclusive region of approx five miles or 60,000 people.

Among the requirements to join are a franchise fee of $29,000 and an initial investment of over $150,000.

#7. Sona Medspa

This medspa offers a combination of both clinical dermatology and cosmetic services, so anyone looking to get involved should have some industry expertise already.

If you’re interested in setting up a Sona franchise, you should have at least $250,000 in liquid capital and a net worth of $750,000. The franchise fee is $60,000 and your initial investment will most likely fall somewhere between $382,000 - $747,500.

#8. Dermani Medspa

This is an opportunity to provide clients with various skincare and anti-ageing services, including laser hair removal, microneedling, botox, fillers and more. Each clinic is required to operate under the license of a medical doctor who acts as director, but the franchise owner doesn’t need a medical degree.

The amount needed for a single startup ranges from $295,965 to $635,626 including the $49,500 franchise fee.

#9. Mona Spa and Laser Centers

This franchise combines a soft, cozy spa environment with high tech treatment options such as laser hair removal, tattoo removal, skin rejuvenation services, fillers and more.

Mona Spa and Laser Centers have been in business since 1992, and began franchising in 2004, so it’s an established brand. If you want to get involved, you’ll need an initial investment of at least $305,700 including a $70,000 franchise fee.

#10. Pure Vanity Spa

Pure Vanity boasts pain-free laser hair removal, facials, peels and advanced anti-aging treatments at relatively affordable prices. They also offer special membership-based services and packages to regular clients, so this is a good option for anyone looking to build a loyal long-term client base in a community.

In order to join this franchise, you’ll need at least $225,000 in ready funds. You should also have access to a total of $387,000 - $746,000 depending on your location. This includes a franchise fee of $35,000.

Do not miss our post on opening a medical spa.

Conclusion

Before deciding whether to join a med spa franchise, look at what opportunities are available and draw up a budget. It might be the best way for touy to start your own business. There are a lot of responsibilities and some drawbacks as well.

Citations

The economics of franchise contracts
https://www.journals.uchicago.edu/doi/abs/10.1

Factors for new franchise success
https://search.proquest.com/openview/df4f81db89eb286b

Why franchise companies expand overseas
https://www.sciencedirect.com/science/article/pii/0883902