5 Easy Ways to Increase the Profitability of Your MedSpa

MedSpas have become one of the most sought-after businesses due to the growing demand for aesthetic and cosmetic procedures. Astanza Laser has helped establish medical spas throughout the world and wants to share insight on how these businesses increased their profitability.

On average, AmSpa estimates a med spa generates nearly $1 million in yearly revenue with a 38% gross profit margin. Alex Thiersch,  founder and director of the American Medical Spa Association, or AmSpa, figures retail accounts for 8% to 20% of the total turnover, noting 15% to 20% is the ideal range for a med spa location.

“The medical spa industry is one of the fastest-growing industries in the country. It’s doubled in the past four years and is expected to double again to the tune of $8 to $9 billion by 2020.” Today, 4,200 med spas dot the country, according to AmSpa, and Texas, California and Florida are leading destinations for them. The expansion of the healthcare-beauty hybrids presents skincare brands with a significant opportunity for sales, and Thiersch spoke with Beauty Independent about how they can position themselves to take advantage of med spas’ momentum.

In our quest to help you grow or start a medical spa business, Astanza Laser is offering a free webinar to watch and participate in. This webinar will teach you how to increase the profitability of your MedSpa, how to market your MedSpa and attract new customers, which popular services to add to your business, and much more.