Medical Spa - Looking to connect w/ searchers and anyone who has transacted

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by a searcher from Washington University in St. Louis
in St. Louis, MO, USA

2yrs ago

Medical Spa - Looking to connect w/ searchers and anyone who has transacted

Hi all, please email me at redacted if you have explored or transacted in the medical spa space.

1 Like

138 Views

reply by a lender 2yrs ago
in United States

I bank-funded an SMB medical spa acquisition deal with the SBA guarantee inredactedIt's pretty crazy, considering the heart of the pandemic then. It worked, and the business was and remains successful. This was the 3rd business purchase finance SBA loan project by a client who had experience operating two other successful, proven-cash flowing SMBs over the years prior in different industries. The medical spa offered Botox and various injections; hence, a licensed medical aesthetician on-site was a must in the ownership line-up per the state requirements. We worked with a seasoned key employee who held the proper licensing with the new owner, offering her a small percentage of ownership with an employment agreement signed at closing. Just a bit of flavor is provided here ^redacted‌ to give you some color. redacted

reply by a searcher 2yrs ago
from Washington University in St. Louis in St. Louis, MO, USA

Love it. Thank you, Deb! This is great.
There was definitely a bump in top line for this market coming out of covid. Navigating licensure requirements is key - and who can serve as the medical director is different state by state. Also critical for smooth transition.
I am looking for a med spa that provides injectables, skin treatments, and laser treatments - sounds very similar to the one you financed.
Would love to stay synced up as I continue to proceed throughout this process. Thanks for your insights!