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Frequently Asked Questions
What is a Medical Spa?
The International Medical Spa Association defines a medical spa as a facility whose medical program is run under the strict supervision of a licensed healthcare professional. Services are provided that integrate both traditional and nontraditional medicine and spa treatments.
How much money do I need to start a Medical Spa?
We generally recommend that a person has at least $200,000 of capital available and that they get financing for their start up costs. Doctors opening a practice in an existing treatment room can get started for significantly less
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Where can I get financing to open a Medical Spa?
Physicians Skin Institute partners with lending institutions and provides highly competitive financing for qualified applicants. We encourage entrepreneurs to finance their start up costs and maintain a healthy reserve for working capital.
Do I need to be a Doctor to run a Medical Spa?
No. In the majority of states in this country a Doctor has to supervise the procedures performed in a Medical Spa. While the regulations are complex and vary from state to state, Physicians Skin Institute can help you set up relationships with doctors so you can own and run your business.
How do I find a Doctor to be a medical director for my spa?
Physicians Skin Institute can help you tap into a network of licensed practitioners and create a working relationship with a Doctor.
What equipment do I need for a Medical Spa?
Medical Spas utilize lasers and intense pulsed light technology as well equipment to perform microdermabrasions, photofacials, injections and other medical beauty procedures. Physicians Skin Institute has researched the entire industry and will help you select the right equipment for your menu of services. Unlike some franchises, we allow you to choose the best equipment for you. We also help you find financing for all your equipment.
I am a nurse, how can I get trained to run the lasers in a spa?
Physicians Skin Instit ute's sister company National Laser Institute trains professionals to become laser operators.
How will working with Physicians Skin Institute save me money?
By utilizing assistance from someone who has done it before, one will not only save countless hours, but can easily save up to $75K or more in "mistakes".
How will working with Physicians Skin Institute as I progress month by month in my business?
As far as saving money "as I go", actually, being part of a franchise will cost you more money as you have to pay royalties. The only time you would see a "cost savings" would be in the case of a subway franchise because when you order food from corporate, you get big discounts since they have 20,000 locations and you get part of a price break. This does not apply to medical spas.
Will being part of a franchise help bring me more business?
The reason why a franchisee pays royalties is to benefit from the brand recognition and marketing of the parent company. Franchises such as Subway and McDonalds have a huge advantage just opening their doors. Paying big royalties for business in a new industry like Medical Spas, where no company has a strong presence, would be a waste of precious dollars. Start your business in a systematic, intelligent manner (without big royalties) from the outset and set yourself up for higher rewards down the line. Physicians Skin Institute Business model is based on a consulting fee for a turn key project. National Laser institute has a flat nominal monthly fee of 1k which we feel is a far superior plan then a 5% royaltee where on a million in sales one would pay 50k in fees vs 12k annually on a flat 1k monthly rate.
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| If you would like more information on our services or would like to schedule a complementary free initial one hour consultation please email louis@psiscottsdale.com. We look forward to hearing from you. |
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