Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
Med spa 2019-07-19

How Starting a Medical Spa Franchise could be lucrative for you

With Med spa becoming a rage in the beauty and wellness industry, it has become a promising opportunity for beauty and wellness entrepreneurs and investors to start with an entrepreneurial venture.

By Features Writer
How Starting a Medical Spa Franchise could be lucrative for you

Age is not a determinant of your beauty; and with facilities like Medical spa, the famous saying ‘Age is just a number’ justifies itself quite well. With medical spas coming into the picture, consumers are ready to tamper with the signs of aging to make themselves beautiful (externally, of course) without going under the knife.

The number of Medical spa, also known as med spa, is rapidly increasing to help people get the exotic experience of spa and beauty procedures like Botox both simultaneously. The amalgamation of relaxation and rejuvenation is a combination that consumers love.  With Med spa becoming a rage in the beauty and wellness industry, it has become a promising opportunity for beauty and wellness entrepreneurs and investors to start with an entrepreneurial venture.  Let’s dig deep into the med spa industry to know why it is a lucrative opportunity for entrepreneurs.

Technology leading the way to Growth

With the added benefits of modern day technologies and medical staff along with relaxation and natural treatments, consumers prefer going to a med spa rather than going to a traditional or day spa. Technology has played a vital role in the mushrooming of medical spas in the market. Advancements in non-surgical treatments like Botox injections, laser surfacing, and body contouring have allowed people to keep their youth without spending on expensive surgeries that may be quite riskier.

As technology makes things quite easier for consumers, it paves the way for the growth of technology driven businesses, and med spa is no exception.

Increasing Population of Gen-X

With the rapidly increasing population, Gen-X (people with birth years ranging from 1960s to 1980s) are also increasing in numbers, that means  the population that requires aging solution are constantly rising. The majority of med spas have clients in their mid-thirties, forties and fifties. Another interesting thing about the growing population is that it makes the med spa business a long-lasting business opportunity. This is because the millennials (people with birth years ranging from 1980s to 1996) are going to be the centre of attraction for all the businesses for a long time period as they are going to be the largest living generation as per statistics. Despite the fact that now the millennial generation is younger, there are certain chances that there will be the highest demand for services like med spa in the coming future from the millennial generation as they will be huge in number. So, investing in a med spa business or franchise will be a lucrative decision in terms of stability in future.

Lucrative Business Opportunity in Franchising

With franchising becoming one of the highly rewarding business models, med spa franchises are taking over the market. As the concept of med spa attracts consumers from all the levels, franchising paves the way for this business to expand to all the markets. Low-cost business model and trending business idea together gives birth to a successful venture. This is why entrepreneurs and investors are keen to invest their money in med spa franchises. Talking about the investment required in starting a med spa franchise, it ranges from Rs 20 lakhs to Rs 50 lakhs depending upon the area and prominence of the brand. The investment can be earned back in 24-36 months. Owning a franchise can help the investors and entrepreneurs in starting a med spa with comparatively lesser risk, ensuring greater returns. 

 

Comment
image
image
image
image
Related opportunities
  • Online Food Ordering Services
    About Us: Food On Way is the FOOD DELIVERY OUTLET (cloud..
    Locations looking for expansion Gujarat
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Womens Wear
    About Us: Women fashion is the fastest growing sector, our stores..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Cosmetics & Beauty Product Stores
    About Us: Vega Industries Private Limited, Launched in 2000, formerly known..
    Locations looking for expansion New Delhi
    Establishment year 2001
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Art, Craft, Antique & Framing
    About Us: Attapetta is first of its kind concept store that..
    Locations looking for expansion Delhi
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts