Start a Skinovatio Medical Spa Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $197K - $440K

Units as of 2023: 6 50.0% over 3 years

When people want to enhance their natural beauty without undergoing invasive plastic surgery or opting for ordinary spa regimens, they may look to places where wellness and beauty meet medicine and aesthetics. Because of this, the industry has produced several spa solutions for the everyday person. Skinavatio Medical Spa believes it is one of those solutions.

Skinovatio Medical Spa is a medical spa that was founded in Chicago in 2015. Skinovatio Medical Spa offers several services, including micro-needling, botox, lip fillers, laser tattoo removals, facials, and other body, face, and skin treatments. The company started franchising in 2018 and is now looking to expand throughout the United States. It may also allow for international locations.

Why You May Want To Start a Skinovatio Medical Spa Franchise

A Skinovatio Medical Spa franchisee may not need experience in the medicine, beauty, spa industries. Franchisees will probably employ the specialists they need to conduct the spa's offered procedures. Skinovatio Medical Spa is looking for franchisees who are team leaders, can work well with others, have excellent communication skills, and self-confidence. Business and management know-how is also important.

You may also be interested in opening a Skinovatio Medical Spa franchise if you are looking to transform an existing business into a Skinovatio Medical Spa franchise. This could be helpful if you're looking for corporate-level backing and support.

What Might Make a Skinovatio Medical Spa Franchise a Good Choice?

As mentioned before, a franchisee will most likely hire the specialists they need to run their Skinovatio Medical Spa franchise. Typically, an employee's duties include consultations, wellness treatment plan writing, treatment, and follow-up care. The franchisee should expect to maintain Skinovatio Medical Spa’s high business standards and run the business smoothly.

To be part of the Skinovatio Medical Spa team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising fees and royalty fees. Franchisees will also need to meet the company's set liquid capital requirements.

How to Open a Skinovatio Medical Spa Franchise

Before making any financial commitment or signing an agreement with the Skinovatio Medical Spa franchise, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Skinovatio Medical Spa franchising team questions.

However, before you ask them, ask yourself if there is a market for this type of service in your chosen area. Unless you have all the necessary qualifications, you will have to employ specialists. Skinovatio Medical Spa may offer comprehensive, hands-on training to franchisees. Still, you should make sure that the franchise is a practical fit for your market.

You may also want to consider asking about training employees in new technology and procedures, as well as the best malpractice prevention procedures. Once open, you can expect to receive full support from Skinovatio Medical Spa headquarters, which is located in Chicago, Illinois.

Company Overview

About Skinovatio Medical Spa

Industry	Personal-Care Businesses
Related Categories	Med Spas, Miscellaneous Health Services, Miscellaneous Personal-Care Businesses
Founded	2015
Parent Company	Skinovatio Medical Spa Franchise
Leadership	Aleksandra Waibel, Owner/CFO
Corporate Address	2632 N. Lincoln Ave. Chicago, IL 60614
Social	Facebook, Instagram, YouTube

Business Overview

Franchising Since	2018 (6 years)
# of employees at HQ	2
Where seeking	This company is offering new franchises worldwide. This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Kansas, Kentucky, Louisiana, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming
# of Units	6 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Skinovatio Medical Spa franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$50,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$196,900 - $439,970
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$50,000 - $70,000
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	6%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	to 1.5%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	No

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing	Skinovatio Medical Spa offers in-house financing to cover the following: franchise fee, accounts receivable, payroll
Third Party Financing	Skinovatio Medical Spa has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

Classroom Training	40 hours
Ongoing Support	Purchasing Co-ops Newsletter Meetings & Conventions Grand Opening Online Support Security & Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform
Marketing Support	Co-op Advertising Ad Templates National Media Regional Advertising Social Media SEO Website Development Email Marketing Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	No