Risk Score
Pending analysis
Investment Range
$794,261 - $1,231,677
Min Cash Required
$40,000
Total US Locations
56
Business Summary
VIO Med Spa offers franchised businesses that either directly provide skincare, cosmetic health, and wellness med spa products and services to customers from a retail location, or operate as a management business offering management, marketing, and facility services to medical practices and licensed professionals who provide these med spa services. These services include facials, chemical peels, neurotoxin injectables, dermal fillers, skin rejuvenation, body contouring, laser hair removal, platelet-rich plasma therapy, wellness therapy, and related retail products under the VIO Med Spa brand.
Corporate History
VIO Med Spa was established as an Ohio limited liability company on January 30, 2018, and began offering franchises on September 10, 2018. Its parent company, VIO Holdings, LLC, was established on August 4, 2024. Shortly after, on September 12, 2024, Freeman Spogli, a private equity firm, acquired 100% of VIO Holdings, LLC and its affiliates. Through this acquisition, VIO Med Spa became affiliated with several other franchise systems, including FASTSIGNS International, Inc., GTN Capital Group, LLC (NerdsToGo), Suite Management Franchising, LLC (My Salon Suite and Salon Plaza), Camp Bow Wow Franchising, Inc., and Batteries Plus L.L.C.
Financial Overview
Investment Range
$794,261 - $1,231,677
Franchise Fee (High)
$50,000
Minimum Cash Required
$40,000
Royalty %
6%
Marketing %
1.5%
Equipment Costs (Low)
$533,246
Equipment Costs (High)
$852,001
Working Capital
$80,000
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
VIO Franchise Group, LLC received an unqualified audit opinion for its financial statements as of December 31, 2024, indicating they present fairly in all material respects. However, the company restated its 2023 financial statements to correct errors primarily related to revenue recognition, classification of amounts due from the member, and other accounting entries. These corrections were audited as part of the 2024 audit.
Financing Details
VIO Med Spa does not offer any direct or indirect financing to its franchisees, nor does it guarantee any of their notes, leases, or other obligations. Franchisees are responsible for securing their own funding.
Performance Metrics
Total US Locations
56
Franchised Units
53
Corporate Units
3
Avg Square Footage
1,850
Franchising Since
2018
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
VIO Franchise Group, LLC has no litigation history to report.
Bankruptcy History
VIO Franchise Group, LLC has no bankruptcy history to report.
Agreement Terms
Initial Term
10 years
Renewal Term
10 years
Renewal Conditions
To renew, VIO Med Spa franchisees must be in compliance with their franchise agreement and all related agreements, provide 180 days prior written notice of their intent to renew, and sign the then-current form of franchise agreement and related ancillary agreements. They must also sign a general release in favor of VIO Med Spa, pay a renewal fee, and remodel and upgrade their spa facility to meet current brand standards. Franchisees must also secure the legal right to continue occupying their spa location for the renewal term and meet any other renewal requirements in the agreement. Owners and their spouses must also be in compliance with their agreements and personally guarantee the terms of the new renewal agreement.
Training & Support Program
Franchisor Assistance
VIO Med Spa provides franchisees with a non-exclusive license to develop and operate a spa location within a designated territory, along with access to its confidential operations manuals. Before opening, VIO Med Spa offers site selection guidelines and requires its approval for the chosen location. It also provides a list of approved suppliers for signs, equipment, furniture, and fixtures. Franchisees and a designated manager must complete an initial training program at VIO Med Spa's facility in Strongsville, Ohio. After opening, VIO Med Spa communicates operating standards, marketing guidelines, and updates to approved vendors. It may also provide supplemental on-site training or require participation in a system-wide conference, often for a fee. VIO Med Spa designates the required computer and point-of-sale systems and maintains independent access to the franchisee's business data. It administers a Brand Development Fund and may establish local or regional advertising cooperatives, and reserves the right to designate pricing and hours of operation.
Initial Training Hours
110
Training Location
Corporate Headquarters in Medina, Ohio, and a certified training VIO Med Spa in Strongsville, Ohio, or other designated Ohio locations, and/or virtually.
Ongoing Support
VIO Med Spa provides ongoing support by establishing and communicating updated standards and procedures for the business, including Approved Spa Products and Services, System Supplies, and marketing guidelines. It provides lists of approved vendors and suppliers. Franchisees and their operating managers may be required to attend supplemental training programs or annual system conferences, typically for a fee. VIO Med Spa also administers a Brand Development Fund and, where permitted by law, may designate pricing and hours of operation for the spa.
Franchise Requirements
Ideal Candidate Profile
VIO Med Spa seeks franchisees who are either licensed medical professionals or individuals opening the business in states where non-licensed medical professionals are permitted to own and operate businesses offering the Approved Spa Products and Services. If not a licensed medical professional, the franchisee will operate a Spa Management Business providing services to authorized medical professionals.
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Retail
Owner Participation
Supervisory
Territory Type
Protected
Staff Count
6
Territory Size Requirements
VIO Med Spa territories are generally defined as the smaller of a 3-mile radius from the spa location (travelable by road) or a territory encompassing a population of 75,000 to 100,000 people. There is no minimum size specified for a designated territory.
Staffing Notes
VIO Med Spa requires that the franchisee's Managing Owner be personally responsible for the overall supervision of the spa location. While day-to-day, on-site supervision is recommended for the Managing Owner, franchisees have the option to hire an Operating Manager for this role. Any Operating Manager must meet VIO Med Spa's minimum standards, complete the initial training program, and sign a confidentiality agreement. Each spa location must always be managed and supervised on-site by either a Managing Owner or an approved Operating Manager. Franchisees are responsible for the hiring, management, and ongoing training of their employees, ensuring they wear approved branded uniforms and adhere to all system standards for services and products.