From all of us here at medspa810, we are committed to helping you maintain your health and safety during this unprecedented time. While the coronavirus (COVID-19) has resulted in considerable economic, social and wellness hardship, our communities are working together to halt the spread of COVID-19 , and we believe our nation is on course to thrive again in the wake of this pandemic.
For prospective medspa810 franchisees, it’s certainly a challenging time to consider opening your own business. However, we believe medspa810 is uniquely poised to not only withstand the setbacks presented by COVID-19, but to also succeed where other businesses may fail.
“While no industry is recession-proof, medspa810 has staying power,” says Fran Acunzo, CEO of medspa810
. “We believe medical spas, and medspa810 in particular, fall under the category of affordable luxury.” Historically, sales of affordable luxury goods, (which includes makeup, smoothies and nail polish, among other things), remains stable or even increases during recessionary periods.
There’s no shortage of research supporting a trend of robust growth in the medical aesthetic industry, either. The 2019 Medical Spa State of the Industry Report, which provides in-depth analysis of med spa business operations, staffing, legal statistics and more, declared medical spas as “one of the fastest growing industries in the United States, fast approaching a total value of $10 billion.” Moreover, the global aesthetic medicine market size is expected to reach $103.4 billion by 2026, according to Grand View Research, an India- and U.S.-based market research and consulting company registered in California and headquartered in San Francisco.
While times are uncertain right now, medspa810 wants to reassure you that you’re not alone — and things will get better. “We’ve seen it all,” says Acunzo. “And we’ve been through this before, and we know how to weather this storm!” Indeed. Acunzo has personally experienced running numerous aesthetic practices during recessionary periods, and specifically, led the charge of turning around 25+ locations through the 2008 recession.