Princeton Medspa Partners

Community of the top medical spas in the nation

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Is a Princeton Medspa Partners Partnership the Right Fit for You?

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Is a Princeton Medspa Partners Partnership the Right Fit for You?

Ready to take your medspa to the next level but not sure where to turn? Princeton Medspa Partners (PMP) can help! Our best-in-class management team of industry experts specializes in buying and launching the leading medical spas in the nation.

While considering your personal and professional goals for the future of your medspa, you can trust a PMP partnership is right for you if:

1. You and your team want to be a part of something bigger and better, joining a community of the top medical spas in the U.S.

With seven corporate locations and three franchise locations already under our belt, PMP is poised to sign a significant number of new acquisitions this year. Our differentiated platform of top tier medspa practices includes:

  • Skin Care Institute in Tulsa, OK
  • AlluraDerm MD Med Spa in Albuquerque, NM
  • Greenspring Medical Aesthetics in Tucson, AZ
  • Skintastic Medspa in Spring Hill, FL
  • Skinjectables in Tucson, AZ
2. You want to learn from industry experts who bring decades of combined experience and proven track records to every partnership.

With the support of extensive industry knowledge and guidance, PMP can set you and your business up for success. Our seasoned team of medspa owners, industry pioneers and financial advisors have considerable franchising and medical spa experience in:

  • Centralized accounting
  • Information technology
  • Human resources
  • Marketing
  • Purchasing and more
3. You want to enhance your marketing capabilities and provide ongoing educational opportunities.

When it comes to marketing, we are not only experts in our craft but also in the aesthetic industry, meaning we specialize in targeting medspa consumers. Our resources and industry insight fuel our passion to help you build your brand, cultivate a thriving, loyal client base and execute the marketing strategy that will lead to your success. In addition to educating the consumer, we value advancing the expertise of our providers. You and your team will have access to training with the highest level of technologies to ensure your practice stays ahead of the curve.

4. You want to leverage significant capital to expand upon the success your business has already achieved.

Choosing an experienced financial partner is the key to building upon the profitability of your medspa. As seasoned business owners, PMP understands all the fiscal intricacies feeding your bottom line and offers streamlined support for payroll, taxes, benefits, bookkeeping, financial reporting and more.

5. You are ready to relieve your responsibilities, find work/life balance or focus more on your other passions.

Whether you’re looking to retire or simply shift your focus to other projects, PMP provides owners with desirable exit opportunities. As we work with you to design your ideal partnership plan, we will consider the desired level of involvement that works for your short- and long-term goals.

If you agreed with any of the above, let’s talk! We are eager to learn more about you, your practice and your goals. Get in contact with Princeton Medspa Partners today by emailing info@princetonmedspapartners.com.

Princeton Medspa Partners Acquires Its Seventh Location with Skinjectables!

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Princeton Medspa Partners Acquires Its Seventh Location with Skinjectables!

It brings us great joy to announce that Princeton Medspa Partners (PMP) has closed on the acquisition of Skinjectables, a Tucson, Arizona-based medical spa, bringing our portfolio of leading medical spas in the nation to seven locations!

Currently, PMP owns/manages seven corporate locations and three franchise locations. Additionally, we have a significant number of new acquisition opportunities signed and more than 20 additional franchise units currently under development.

About Skinjectables

Since it was founded in 2014 by Kathleen O’Brien, PA-C, MMS, CLT, Skinjectables has enjoyed tremendous success, becoming one of Allergan’s Top 10 Accounts in the United States in 2022. The Tucson-based practice has consistently been recognized as a best-in-class medical spa in the country, winning the Reader’s Choice Best Medical Spa Award, Best Cosmetic Skin Care Award and one of the category’s Best Companies to Work For Award the last two years in a row.

We were pleased to hear such appreciative words from Katie regarding the recent acquisition. “I am extremely happy with my decision to sell my business to Princeton Medspa Partners. It is very important to me to see Skinjectables continue to grow and thrive, and I feel that Princeton will accomplish just that,” said Katie. “I am very excited to be a part of this fast-growing company, and I am proud that the business I built will be contributing to PMP’s success story.”

Katie will continue to work for the company in her long-standing positions as Clinical Director and a top provider. In addition to being one of Allergan’s most utilized AMI Clinical Trainers, Katie has frequently been recognized as one of the nation’s most skilled injector providers.

Response from PMP

“Skinjectables is a phenomenal business and is an incredible addition to our company’s already impressive pedigree of best-in-class medspas. Adding Katie and her personal talents to our team is the icing on the cake,” said Princeton Medspa Partners CEO Nick Williams.

“Skinjectables offers a unique, convenient client experience, and is Tucson’s first and only walk-in Botox® and dermal filler bar. It’s really a unique and powerful business model that we think can be adapted and evolved elsewhere in the company,” said President of Princeton Medspa Partners Francis Acunzo. “With this acquisition, and the other deals and new clinic openings we have in our pipeline, I am expecting 2023 to be an exciting year!”

We are proud to be a national aggregator of medspas and aesthetic medical practices, focusing our efforts on acquiring and managing provider-owned and driven businesses, as well as franchise developments. If you’re thinking about selling your medspa, get in contact with PMP today by emailing us at info@princetonmedspapartners.com. We look forward to speaking with you!

Trending Topic: Medical Spa Memberships

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Trending Topic: Medical Spa Memberships

The popularity of mobile rewards and membership programs continues to rise in the medical spa industry.

The Benefits of Offering Memberships

Membership has its advantages. There was a time when memberships were limited primarily to fitness clubs and resort programs. Today, however, memberships are much more widespread, encompassing everything from spas to co-working spaces. Just think of how prevalent subscriptions are these days, from streaming services to workout apps.

There are also a host of rewards programs, such as the Dunkin Donuts’ DD Perks program, which recently came under fire when it was rebranded as Dunkin Rewards and introduced a new set of criteria for earning points. While loyalty programs require consumers to earn their rewards, membership programs incentivize them with immediate access to perks and benefits.

Medical Spa Memberships

Spas have long taken advantage of the membership model for its ability to boost revenue, build loyalty, promote return guests, and more. Now, medical spas are introducing memberships for many of the same reasons. A growing trend, medical spa memberships make sense for those clients interested in maintaining their results. Because most aesthetic treatments, such as injectables, fillers, and lasers, provide temporary solutions, subsequent treatments are necessary to maintain the results. A membership gives clients the opportunity to save money with a monthly or yearly membership fee.

Members also benefit from exclusive offerings and special events that let them be the first to learn of new treatments, technology, products, and more. Memberships can be structured in various ways, but the best ones keep it simple and avoid having multiple tiers. Ultimately, the goal is to build a loyal community, and you do that by understanding what clients want and providing real value for being a member.

RepeatMD Mobile Rewards

In 2021, RepeatMD launched a mobile rewards app for the aesthetics industry. It is designed to make it easier for medical spa staffs to sell memberships and high-margin treatment packages while enhancing the patient experience. It is just one of the many companies offering membership management software and apps to attract and retain clients. According to the folks at RepeatMD, the average increase in revenue from use of the app is $357,840 over the course of a year. And proving the effectiveness of membership plans, the company reports members spending 44 percent more on average than non-members annually. Finally, retention was reportedly boosted, with 7 out of 10 patients wanting ongoing treatments for aesthetic services.

Membership programs help clients stay consistent with their medical spa services and can also introduce new treatments that might not be on their radar. Ultimately, memberships should be win-win for everyone. It’s no surprise they’re on the rise.

Looking to Sell Your Practice? What a Booming Medspa Industry Means for You

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Looking to Sell Your Practice? What a Booming Medspa Industry Means for You

Medspa owners looking to sell, we’ve got good news for you: The industry is thriving.

While medical aesthetics used to be more of a hush-hush industry, in recent years, it has become a mainstream topic of discussion. Patients are becoming more and more comfortable wanting to share their remarkable results with their peers, friends and family. And not only are medspas more popular, but they’re also more profitable than ever.

The current state of the medspa industry, along with indications of future long-term growth, makes now a great time to sell your medspa. As seasoned medspa owners, industry pioneers and financial advisors, Princeton Medspa Partners (PMP) is confident that the industry will continue to grow with no end in sight.

According to the recent 2022 Medical Spa State of the Industry Report:

The medspa industry is one of the fastest growing industries in the United States.

The medical spa industry is a $15 billion industry that employs 70,000 people. It is projected that by 2025, there will be 11,553 medical spas in the country. Over a three-year timespan, the total number of medspas increased by over 30%:

  • 2019: 6,582 medspas
  • 2022: 8,841 medspas
With a growth in demand also comes a growth in revenue.

From 2021 to 2022, the average annual medspa revenue increased from $1,722,551 to $1,982,896. This growth is only poised to soar with the financial forecast estimating the average annual medspa revenue will be between $2,006,725 and $2,310,543 by 2025.

Patients are spending more and visiting more often.

Repeat patients comprise an average 65% of medspa patients, with 35% on average being new patients. The average patient-spend for non-surgical aesthetic procedures exceeded $500 per visit in 2022, compared to an average spend of under $500 per visit in 2019. Not only are patients spending more per visit, but there are also more patients visiting:

  • 2019: 243 average patient-visits per month
  • 2022: 283 average patient-visits per month
In summary, the industry’s financial future looks bright.

Though financials were impacted by COVID-19 in 2020 and 2021, 88% of medspas anticipated revenue increases in 2022 compared to 2021. And 74% of those medspas estimated greater than 10% growth.

PMP is actively seeking out successful medspas as well as providing owners with desirable exit opportunities. If you have a desire to sell, we can help you take the next step in your medspa journey! Reach out to PMP today by emailing us at info@princetonmedspapartners.com.

Medspa Industry Trends: Which Services Are in High Demand?

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Medspa Industry Trends: Which Services Are in High Demand?

Selling your medical aesthetic practice to Princeton Medspa Partners (PMP) comes with serious buying power and advanced educational opportunities for your business. Both services go hand in hand to make sure your medspa is ahead of the curve.

With PMP, you’ll have access to the top technologies at the best prices as well as training and other ongoing educational opportunities to guarantee your medspa provides the highest level of services and stays on the cutting edge of the industry.

We can help advise which technologies and treatments to acquire so that you receive the biggest return on your investment. Let’s look at the top procedures offered in the past year, according to the 2022 Medical Spa State of the Industry Report:

94% of medical spas offered facial injectable procedures.

Botox®, Dysport® and Xeomin® neuromodulators have remained the leading treatments for reducing wrinkles and rejuvenating an aging facial appearance. Since gaining FDA-approval in 2002, Botox is still one of the most in-demand cosmetic procedures on the market. Other popular facial injectables include dermal fillers, Sculptra® and Kybella®.

92% offered other non-surgical aesthetic services.

It’s no surprise non- and minimally invasive aesthetic services are leading this list. Aside from facial injectables, other non-surgical treatments gaining popularity include microneedling, PRP (platelet-rich plasma), dermaplaning, vein treatments, vaginal rejuvenation, thread lifts, IV therapy and weight loss treatments.

82% offered aesthetician services.

This broad category of services includes clinical skin care and beauty treatments such as facials, HydraFacial®, dermal infusion, chemical peels and microdermabrasion. Aesthetician services help maintain and enhance skin’s overall health and radiance over the long term.

76% offered energy-based skin rejuvenation.

Laser skin technologies are constantly improving along with their long list of benefits. The world’s leading laser treatments can help renew skin from within, stimulate new collagen growth and reverse years of sun damage and aging without surgery or lengthy downtime.

67% offered energy-based hair removal.

Laser hair removal has gained popularity as a safe and proven solution for reducing unwanted hair anywhere on the face and body. When it comes to methods of hair removal, non-invasive laser technologies offer the longest lasting results for hair-free skin.

60% offered non-surgical skin tightening.

Non-surgical skin tightening treatments have become a popular alternative to surgery, delivering impressive results with less downtime. Using targeted light energy, non-invasive skin tightening can tighten loose skin on the body while rebuilding collagen for long-lasting improvement.

53% offered body contouring.

A huge pull with non-surgical body contouring is the ability to reduce stubborn fat and/or tone muscle without surgery, scarring or downtime. Non-surgical modalities, such as EMSCULPT NEO®, also have the ability to address multiple problem areas at once.

With the support of our extensive industry knowledge and guidance, PMP can set your medspa up for success. Learn more about joining our community of the leading medical spas in the country by emailing us at info@princetonmedspapartners.com today.

Princeton Medspa Partners Acquires Its Sixth Location with Skintastic!

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Princeton Medspa Partners Acquires Its Sixth Location with Skintastic!

We’re excited to announce that Princeton Medspa Partners (PMP) has closed on the acquisition of Skintastic Medspa located in Spring Hill, Florida. This acquisition brings our portfolio of best-in-class medical spas to six locations!

In addition, PMP has five acquisitions under letter of intent, three franchises open, 27 committed and two franchises opening in early April.

About Skintastic

Skintastic is a state-of-the-art med spa facility in the northern Tampa metropolitan area. Founded in 2011 by Janie Rushnell, board-certified medical electrologist, certified laser specialist and member of The Society for Clinical and Medical Hair Removal, Inc, Skintastic provides the latest and greatest in rejuvenation technology. Skintastic offers the most extensive service menu, complete with facials, massages, injectables, skin rejuvenation, lasers, bioTE hormone replacement therapy, IV therapy, fat reduction and more. Since its opening, Skintastic has been voted Hernando County’s Best Med Spa for five years in a row.

We were so appreciative to hear from Janie regarding her thoughts about selling her beloved practice to PMP. “It brings me great joy and peace of mind to entrust the leading medical spa platform in the nation with Skintastic’s continued success. It will be exciting to see how Princeton Medspa Partners can help our team grow and our patients thrive,” said Janie. “I’m pleasantly surprised with the support and positivity we’ve already received and look forward to many successful years ahead.”

Response from PMP

“Princeton Medspa Partners is proud to add Skintastic to our portfolio of premier medical spas in the country,” said Nick Williams, Princeton Medspa Partners CEO. “By adding Skintastic to our current portfolio of practices, including AlluraDerm MD Med Spa in Albuquerque, New Mexico, Greenspring Medical Aesthetics in Tucson, Arizona and Skin Care Institute in Tulsa, Oklahoma, we strongly feel that we have developed the foundation of a differentiated platform of clinics that will be very attractive for others to join.”

Princeton Medspa Partners President Francis Acunzo also expressed his excitement about the opportunities that lie ahead, saying, “We are excited to build upon what makes Skintastic successful, ensuring the facility stays at the forefront of the industry. We look forward to continuing Skintastic’s growth and maintaining their status as the most trusted med spa in the region.”

At PMP, we’re proud to be a national aggregator of medspas and aesthetic medical practices, focusing our efforts on acquiring and managing provider-owned and driven businesses. To learn more about your medspa opportunities with us, email info@princetonmedspapartners.com today.