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dermani MEDSPA Franchise Costs, Fees & Profits

dermani MEDSPA Franchise Costs, Fees & Profits (2024)

Here’s what you need to know if you’re interested in opening a dermani MEDSPA franchise.

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KEY FRANCHISEE INFORMATION

Here are the most important stats to know for franchisees.

NUMBER OF LOCATIONS

14

INITIAL INVESTMENT

$327,000 – $669,000 

ROYALTY FEE

5.00%
revenue

REVENUE PER YEAR

$918,000

Founded in 2013 and franchised since 2019, dermani MEDSPA® is a franchise in the health and aesthetics spa industry, which is part of a growing $20 billion market expected to expand significantly in the coming years. 

The franchise focuses on a comprehensive approach to aesthetics, offering a range of services designed to enhance wellness and confidence. What sets dermani MEDSPA® apart is its emphasis on using best-in-class, FDA-cleared equipment and top-quality products, ensuring a high standard of service for its clientele.

The franchise is headquartered in Windermere, Florida, at dermani MEDSPA® Franchising, LLC. While the exact date of founding and the start of its franchising operations were not explicitly mentioned, the franchise has established itself as a reputable player in the medspa sector, with multiple locations showcasing the success and reliability of its business model.

Number of locations

TOTAL UNITS
14
FRANCHISED UNITS
9

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Initial investment

INITIAL INVESTMENT
$327,000 $669,000 
Type of ExpenditureAmount
Initial Training Fee$5,000
Initial Licensing Fee$0 – $2,500
Site Selection and Construction Oversight$0 – $5,000
Architectural and MEP Plans$5,000 – $12,000
Real Estate; Prepaid Rent, Utility, and Security Deposit$20,000 – $40,000
Leasehold improvements$30,000 – $150,000
Signage$5,000 – $15,000
Furniture and Fixtures$20,849 – $32,526
dermani MEDSPA® Equipment$94,689 – $199,450
Initial Inventory$30,000 – $40,000
Office Equipment, Computers and Supplies$4,750 – $8,550
Business software$545 – $1,000
Business licenses and permits$2,000 – $4,000
Professional Fees$3,000 – $8,000
Insurance premiums$4,500 – $12,000
Travel and living expenses during training$2,000 – $4,000
Grand Opening Marketing$20,000
Additional Funds (3 Months)$30,000 – $60,000
Total Estimated Initial Investment$326,833 – $668,526

Note: The table above provides a snapshot of the main costs associated with starting the most common franchise format (as disclosed in the Item 7 of the Franchise Disclosure Document). For a complete overview of all the expenses involved with the various formats offered by the franchisor, please consult the Franchise Disclosure Document.

Franchise fees & Royalties

ROYALTY FEE
5.00%

Initial Franchise Fee

The Initial Franchise Fee is $49,500. This fee is payable in a lump sum upon signing the Franchise Agreement.

Initial Training Fee

The Initial Training Fee is $5,000. This fee is payable in a lump sum within 14 days of attending the initial training program.

Initial Licensing Fee

The Initial Licensing Fee ranges from $0 to $2,500, depending on incurred costs. This fee is payable as incurred.

Business Software

The cost for Business Software ranges from $545 to $1,000, payable as incurred.

Business Licenses and Permits

The cost for Business Licenses and Permits ranges from $2,000 to $4,000, payable as incurred.

Professional Fees

Professional Fees can range from $3,000 to $8,000, payable as incurred.

Profits

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How to apply

1. Assess Your Financial Eligibility

  • Net worth requirement: Ensure you meet the net worth requirement of $500,000.
  • Liquid assets: Verify you have at least $150,000 in liquid assets.

2. Complete the “Online Request for Consideration” Form

  • Provide personal details: Fill out the form with your personal and contact information.
  • Investment details: Specify your available capital and any other financial information requested.

3. Await Franchise Review and Approval

  • Franchise team review: Your application will be reviewed by the dermani MEDSPA® franchise team.
  • Initial approval: If your application meets their criteria, you will receive initial approval to proceed.

4. Undergo Franchise Training and Support Orientation

  • Training programs: Participate in comprehensive training programs provided by dermani MEDSPA®.
  • Operational support: Get acquainted with the operational support, marketing programs, and supplier relationships offered by the franchise.

5. Launch Your dermani MEDSPA® Franchise

  • Site selection and setup: Select an appropriate location for your franchise and set up your spa according to dermani MEDSPA® standards.
  • Grand opening: Plan and execute the launch of your dermani MEDSPA® franchise with support from the corporate team.

Disclaimer

Disclaimer: This content has been made for informational and educational purposes only. We do not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the information presented in the article. You should not construe any such information or other material as legal, tax, investment, financial, or other professional advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, advertisement, 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 and/or legal advice, nor does any information in the article 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.

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