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LAST UPDATED: October 6, 2023FRANCHISE WEBSITE:&nbsp;<a href="https://www.viomedspa.com/own-a-vio-franchise?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-vio-med-spa-franchise-costs-fees-profit-and-data-2723625" target="_blank" rel="nofollow">https://www.viomedspa.com/own-a-vio-franchise</a>&nbsp;NUMBER OF LOCATIONS:&nbsp;35REPORTED COST TO GET IN:&nbsp;$938,034 - $1,240,148REPORTED ROI (Item 19):&nbsp;$1,521,237.12 - $1,735,220.39 (total average gross sales)<a href="https://www.viomedspa.com/own-a-vio-franchise?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-vio-med-spa-franchise-costs-fees-profit-and-data-2723625" target="_blank" rel="nofollow">VIO Med Spa</a> is a boutique medical spa that offers healthy and beauty transformations to men and women of all ages. With cutting-edge technology and aesthetic medicine, its team of highly trained practitioners provides curated wellness treatment plans for a safe, luxurious client experience.<h3>How Many VIO Med Spa Locations Are There?</h3>VIO Med Spa currently has 35 units open, including 7 corporate locations.Founder Joe Stanoszek started out with tanning salons. He grew his business to three locations when a client suggested he open a laser spa, and he did so within three or four weeks of that suggestion. This started his pivot to finding success in the medical spa industry.&nbsp;VIO Med Spa first offered opportunities for franchising in 2019, gaining two outlets by the end of the year. Despite the challenges COVID-19 unexpectedly brought, by the end of 2020, VIO Med Spa increased its number of operating franchise outlets to nine.&nbsp;Now, VIO Med Spa has 28 franchise locations currently open and will have 74 locations operating by the end of next year.&nbsp;<h3>What Is the VIO Med Spa Business Model?</h3>Looking younger for longer has become a widely held value across demographics in today’s world. The aesthetics industry is currently valued around&nbsp;<a href="https://www.globenewswire.com/news-release/2020/12/10/2142901/0/en/The-Worldwide-Medical-Aesthetics-Industry-is-Expected-to-Grow-at-a-CAGR-of-10-9-Between-2020-to-2025.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-vio-med-spa-franchise-costs-fees-profit-and-data-2723625" target="_blank" rel="nofollow">$9.4 billion and is expected to grow to $15.9 billion by 2025.&nbsp;</a>At VIO Med Spa, the brand aims to help customers defy signs of aging, enhance their natural beauty and build their confidence. Customers can choose from skin rejuvenation treatments, body contouring, dermal fillers and injectables, hair restoration, and hormone therapy. While VIO Med Spa offers individual treatments, it also offers a variety of membership plans. All treatments are performed by highly knowledgeable and nationally certified professionals.&nbsp;&nbsp;<h3>How Much Can VIO Med Spa Franchise Owners Make?</h3>The financial performance representations below are from VIO Med Spa’s 2023 Franchise Disclosure Document. Information about the earnings from two franchised outlet locations is included below.Franchised Outlet 1:<ul><li>Total gross sales in 2021: $1,187,230.44</li><li>Total gross sales in 2022: $1,174,053.78</li></ul> Franchised Outlet 2:<ul><li>Total gross sales in 2021: $1,125,874.35</li><li>Total gross sales in 2022: $1,615,417.89</li></ul><h3>How Much Does It Cost to Open a VIO Med Spa Franchise?</h3>The estimated total investment needed to open a VIO Med Spa Franchise ranges from $941,753 - $1,329,232.A breakdown of initial investment costs:<ul><li>Initial Franchise Fee: $50,000</li><li>Construction and Leasehold Improvements: $285,000-$425,000</li><li>Lease Deposits: $12,750-$15,937&nbsp;</li><li>Lease Common Area Maintenance: $540-$810</li><li>Furniture, Fixtures and Equipment: $314,621-$473,621</li><li>Initial Inventory: $99,982-$124,977</li><li>Signage: $7,950-$15,000</li><li>Grand Opening Marketing: $20,000-$25,000</li><li>Computer, Software and Point of Sales System: $26,210-$32,762</li><li>Utility Deposits: $1,000-$2,000</li><li>Insurance Deposits: $17,000-$20,000</li><li>Travel for Initial Training: $4,500-$5,625</li><li>Professional Fees: $7,500-$20,000</li><li>Licenses and Permits: $700-$1,000</li><li>Printing, Stationary and Office Supplies: $19,000-$23,750</li><li>Additional Funds (Three Months): $75,000-$93,750</li></ul>Other costs and requirements include:<ul><li>Royalty: 6% of gross sales</li><li>Brand Development: 2% of gross sales</li><li>Local Marketing: 6% of gross sales</li><li>Local and Regional Advertising Cooperatives: Not to exceed 2% of gross sales</li><li>Technology: Up to $200 per month</li></ul>In addition to the costs previously listed, the initial cost of a multi-unit development agreement includes a development area fee ranging from $73K to $304K.&nbsp;<h3>What Is the Franchise Fee for VIO Med Spa?</h3>The VIO Med Spa franchise fee is $50K. This is the upfront fee that must be paid when opening a VIO Med Spa franchise.&nbsp;For a multi-unit development agreement, there is an additional fee of $40K for a second location and $33K for each location thereafter.&nbsp;<h3> Who Is the Leadership of VIO Med Spa?</h3><ul><li><a href="http://linkedin.com/in/joe-stanoszek-7b069051?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-vio-med-spa-franchise-costs-fees-profit-and-data-2723625" target="_blank" rel="nofollow">Joe Stanoszek — Founder</a></li><li><a href="https://www.linkedin.com/in/ryan-rao/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-vio-med-spa-franchise-costs-fees-profit-and-data-2723625" target="_blank" rel="nofollow">Ryan Rao — Chief Development Officer &amp; Partner</a></li></ul><h3>What Helpful Articles Can I Read to Learn More About VIO Med Spa?</h3><ul><li><a href="https://www.franchising.com/articles/multibrand_franchisee_adds_vio_med_spa_to_portfolio.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-vio-med-spa-franchise-costs-fees-profit-and-data-2723625" target="_blank" rel="nofollow">Multi-Brand Franchisee Adds VIO Med Spa to Portfolio</a></li><li><a href="https://www.prnewswire.com/news-releases/rj-brunelli-named-exclusive-real-estate-broker-for-vio-med-spa-area-representative-in-central--southern-new-jersey-and-philadelphia-market-301664564.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-vio-med-spa-franchise-costs-fees-profit-and-data-2723625" target="_blank" rel="nofollow">R.J. Brunelli Named Exclusive Real Estate Broker for VIO Med Spa Area Representative in Central &amp; Southern New Jersey and Philadelphia Market</a></li><li><a href="https://www.franchising.com/news/20230317_vio_med_spa_signs_orangetheory_and_european_wax_center_area_developer_for_n.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-vio-med-spa-franchise-costs-fees-profit-and-data-2723625" target="_blank" rel="nofollow">VIO Med Spa Signs Orangetheory and European Wax Center Area Developer for New York</a></li><li><a href="https://www.franchisetimes.com/franchise_mergers_and_acquisitions/vio-med-spa-attracts-investment-from-tuckers-farm-to-add-corporate-stores/article_ce5415bc-0913-11ed-a8b8-63d5bba2bd27.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-vio-med-spa-franchise-costs-fees-profit-and-data-2723625" target="_blank" rel="nofollow">VIO Med Spa Attracts Investment From Tucker's Farm to Add Corporate Stores</a></li></ul>Disclaimer: This content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction. All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.

Franchise Deep Dive: VIO Med Spa Franchise Costs, Fees, Profit and Data

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Franchise Deep Dive: VIO Med Spa Franchise Costs, Fees, Profit and Data

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