Acara Partners understands that opening a medical spa is no easy venture. For the past 20 years, Acara has proven to hundreds of clients that the first step on the path to success begins with partnering with the right team of professionals from concept to open doors. When we are hired by entrepreneurs and physicians to develop an aesthetic medical practice, it is our responsibility to ensure every “T” is crossed and every “I” is dotted. Developing a comprehensive business plan is one of the services we provide.
What is a medspa business plan?
The majority of medspa developments will apply for bank financing (vs. private investments) to fund the project. In addition to owner’s equity and good credit, a bank will require the medspa entrepreneur to submit a business plan when applying for a bank loan.
A business plan is specifically created for presentation to lenders and commercial developers. This plan outlines the vision, mission and concept of the project as well as describing the marketplace, market strategy, organizational structure and projected financial position.
The development of a business plan is completed during Phase II of Acara’s Medspa Development program. Our experienced team of consultants have written almost 200 business plans for clients nationwide. After envisioning a client’s concept, assessing their DMA (Defined Market Area) and building a Financial Pro Forma, Acara Partners will develop a business plan.
Acara’s clients can expect their business plan outline to include:
• Executive Summary (Vision & Mission)
• Company Summary
• Description of Products and Services
• Competitive Compassion
• Market Analysis Summary
• Business Strategy
• Sales Forecast
• Management Summary and much more
If you are thinking about starting a medspa, Acara Partners would love to hear from you! Contact us today to start your process. Acara Partners’ team of aesthetic medical industry experts are available to walk you through the beginning stages of opening a medspa.