Medspa Biz Opportunity – JUST SAY NO

November 28, 2006 at 12:03 am Leave a comment

Apparently according to the article below from the wall street journal , owning a medical spa is not all its cracked up to be . I have alway been wary of high overhead and labor intensive businesses .

Jeff Nebot thought he had struck gold. Two years after opening a laser hair-removal franchise in St. Louis, annual revenue hit $3 million. And over time, the lavish salon added other cosmetic services as Mr. Nebot joined the rush of entrepreneurs into the emerging business of medical spas.

Medspas (also called medispas) offer such medical treatments as Botox injections and laser hair removal in a luxurious environment rather than a doctor’s office. The field has been rapidly expanding in recent years as entrepreneurs and doctors alike have sought to profit from the dual quests of many affluent consumers: prettification and pampering. For an increasing number of those who entered the business, the boom is proving a bust.

In Mr. Nebot’s case, what initially was viewed as a golden opportunity began to lose its glitter when he realized that the cash coming in lagged behind the cash going out for marketing, staff and franchise fees. The gold was gone altogether last April, when he sold the shop’s assets for $2.

See Full Article  http://www.startupjournal.com/ideas/services/20061122-rundle.html

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Entry filed under: Internet Startup.

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About Biz News

My Name is Bisi and this is my blog This blog features stories that I have read that I think are interesting . I usually bookmark the stories that I find interesting but they are getting too many . I have decided to catalog and share them on this site . I am not really promoting the site so you might have accidentally stumbled on it . Thanks for visiting .
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