Last week we went over concept development, market assessment, sales forecast and architectural program. This week we finish up phase one by detailing how to complete your medspa’s financial planning. Financial Planning: The Investment Capital requirements are an investment. They include building costs, furniture and equipment, start-up costs and working capital. Building costs are what Continue Reading…
Keys to Launching a Medspa: Phase One, Part One
Last week’s blog talked about the five Cs of financing. This week we’re diving into phase one of the keys to launching a medspa, which can be broken up into two parts. Phase one, part one consists of concept development, market assessment, sales forecasting and the architectural program. Concept Development The concept development process consists Continue Reading…
The Five Cs of Financing
Before we dive into the three main phases of launching a medspa, you need to know the Five Cs of Financing. First, you need the capital for your business. This is typically a combination of 20% equity and 80% bank financing. The following are the five Cs of financing that banks will look for when Continue Reading…
Sale of Business, Equity Transfer or Merger and the PPP
We’ve received another update from our attorneys, Brenner, Saltzman & Wallman LLP (BSW), regarding the Paycheck Protection Program. They have pulled together the following synopsis on how the sale of business, equity transfer or merger could impact your loan. On October 2, 2020, the U.S. Small Business Administration (SBA) published an SBA Procedural Notice (the Continue Reading…
New Blog Series: Keys to Launching a Medspa
In our newest blog series, Keys to Launching a Medspa, we’ll share Acara’s secrets for success to start your own successful medspa. Acara Partners founded the medspa movement with the launch of the country’s first medical spa in 1996. Since then, we have used our tried and true methodology to launch many medical spas. Throughout Continue Reading…
Acara Partners Launches New Service: Acara Engage
Acara Partners is excited to announce the addition of our newest service, Acara Engage. Acara Engage provides aesthetic medical practices with a platform to seamlessly manage their customer communications. The platform has four key focuses: online reputation management, email promotions, text messaging notifications, and new lead referral program opportunities. One of the most exciting aspects Continue Reading…
The State of the Aesthetic Industry: Conducting Business in the Age of COVID-19
Over the weekend, Acara Partners’ Founder and CEO, Francis X. Acunzo, was a speaker at the virtual Aesthetic Next Conference. The Aesthetic Next Conference, put on by Aesthetic Record, was a weekend of education covering the clinical, technology and business aspects of an aesthetic medical practice. Fran’s “State of the Industry” webinar, attended by well Continue Reading…
Congratulations to our Clients – Two Acara Partner Clients Open Their Doors!
It’s been an exciting past few months for two of Acara’s clients. Despite the continued effects of the COVID-19 pandemic, these clients have been hard at work opening their practices. We’re excited to see their visions come to life as they open their doors and invite patients to join them for aesthetic treatments! Sikara Medspa Continue Reading…
Coming Full Circle: Acara Partners Client Thrives After Two Recessions
As small businesses across the country closed their doors for the last time during the Great Recession, RN and Master Aesthetician Kim Marinetto was looking to do the very opposite — open her very own medical spa in the Washington, D.C. metro area. Launching your own business is a daunting task at any given time, Continue Reading…
Acara Partners Launches New Division: Acara Aesthetics
The team at Acara Partners is excited to share the launch of our newest division, Acara Aesthetics! We have secured the rights to be New England’s exclusive distributor of what we believe to be the most advanced laser technology in the aesthetic medical industry: Sciton’s Joule and mJoule platforms. This is just the first step Continue Reading…
