Our Selling Services
Your Complete Aesthetics & Wellness Brokerage
LuxMed Transition Strategies is dedicated to making your practice transition smoother, simpler and far less stressful. Selling an aesthetics or wellness practice can be overwhelming, but with LuxMed, you’ll have all the relevant information and guidance needed to make confident, informed decisions.
Understanding where your practice currently stands before making any decisions is always the best approach. Partnering with us gives you access to detailed data to help guide you to the best outcome. Whether you’re looking to increase profits, gain more personal time, reduce administrative burdens or pursue other changes, we provide all available options, backed by thorough research and analysis, so you can make informed choices.
As experienced brokers in aesthetics and wellness, our expertise is in helping professionals buy and sell practices. While you may not engage in these transactions often, it’s our daily focus, and we’re here to make the process seamless for you.
Partner on the Leading Broker for Your Aesthetics or Wellness Practice Sale
The team at LuxMed has helped countless aesthetics and wellness professionals across the country successfully sell their practices. Unlike other brokers, we take a highly proactive marketing approach, ensuring your practice reaches every potential buyer, even medical service organizations (MSOs). We’re focused on finding the right buyer, not just the first one.
While maximizing exposure, we maintain strict confidentiality. To protect your privacy, we implement a strategic process, requiring all interested buyers to sign a non-disclosure agreement before accessing any details about your practice. We understand that transitioning an aesthetics or wellness practice can be complex, and at LuxMed, we uphold confidentiality for medspas, dermatology clinics, plastic surgery practices, cosmetic surgery clinics, and wellness centers nationwide who partner with us, making the experience stress-free.
Our process begins with a thorough analysis of your practice, covering the quantitative, operational, and emotional aspects of your aesthetics or wellness business.
Quantitative
- Financial Reports
- Patient Data
- Procedure Breakdown
- Practitioner Earnings
Operational
- Chairs/Lighting/Equipment
- Renovation Requirements
- Location
Emotional
- Optimal Exit Plan
- Financial Well-being
- Commitment to Staff
- Transition Approach
Understanding Your Aesthetics or Wellness Practice Prospectus
To help you evaluate potential transition opportunities and understand the assessed value of your practice, the team at LuxMed will prepare a comprehensive prospectus. This in-depth report will provide a thorough appraisal of your aesthetics or wellness practice, leveraging industry-standard metrics widely recognized in the field.
Although concise, this document will encapsulate key categories relevant to prospective buyers of your aesthetics or wellness practice, all within approximately 20 pages.
Once you’ve reviewed your practice’s appraised value, you may find that it doesn’t align with your expectations or financial goals for your transition plans. If that’s the case, you might consider enhancing the value of your practice before moving forward with a sale. Here are a few strategies to consider:
Expand your service offerings:
Consider introducing new treatments such as advanced skincare, injectables or body contouring services if you don’t already offer them.
Increase your marketing efforts:
Leverage paid advertising, creative marketing strategies or connect with professional associations to grow your client base.
Reduce unnecessary costs:
Look for ways to trim expenses while maintaining the high standards of your services and client care.
Upgrade your facilities:
While certain upgrades can add value, not all will offer a return on investment. Focus on improvements that benefit your practice.
Explore mergers or acquisitions:
Consider merging with or acquiring another practice to benefit from economies of scale, which can drive significant growth.
Various Attractive Aesthetics and Wellness Practice Transition Strategies
Each practice and transition scenario is unique, with several factors influencing the best strategy for your situation. Key considerations include the size and location of your practice, the services you offer, client demographics and the potential for future growth. Additionally, it’s important to determine whether you plan to stay involved in the practice for an extended period or if you’re looking for a full sale and exit strategy.
We design transition strategies to match your specific needs, and some of the most common options for aesthetics and wellness practices include:
- Buy-Out: In this approach, a buyer purchases your practice for an agreed price, allowing for a smooth exit, typically with a brief transition period of around three months.
- Buy-In: A buyer acquires a portion of your practice from the outset. At LuxMed, we assess both the practice and the compatibility between buyer and seller to ensure a smooth transition.
- Associate to Owner (ROADMAP): This option allows a prospective buyer to work as an associate before gradually buying into the practice. It gives both parties time to evaluate compatibility and future goals while balancing control over the practice.
- Associateship: Bringing in an associate enables you to maintain control of the practice, but expectations can often differ, leading to lower success rates. LuxMed helps bridge the gap and align expectations to improve outcomes.
- Merger: Two practices combine into one, typically forming an equal partnership unless otherwise specified, offering the potential for shared growth and resources.
- Roll-Up: This strategy involves combining multiple practices into one larger entity, leveraging economies of scale to boost overall value. Though it requires significant time and effort, it can offer substantial financial rewards for those willing to make the investment.
Ultimately, there are many transition paths to consider, and every situation is different. Whether you’re thinking about selling your aesthetics or wellness practice, bringing on a partner or looking to acquire a new practice, you can trust that LuxMed will guide you through every step with expertise and care.
