Ep 207 An Assessment of the Australian Chain Clinics | Babak Moini

Episode 207 hosts Babak Moini (Founder of Laser Clinics Australia) LCA started in 2008 and have become the world's largest aesthetic and skin chain of clinics with over 200 locations in Australia, Singapore, UK and Canada. Since then, numerous other competitor chain clinic brands have competed with each other for the same demographic of patients (including Silk Laser Clinics, Evolution Clinics, Australian Skin Clinics, Clear Complexion Clinics and several other brands) The universal feature of the chain clinics includes offering discounted and high volume treatments, often in high foot traffic locations and shopping malls. Babak sold his final shares in LCA in 2017 and has observed from the sidelines how the aesthetic chain clinic model that he started has evolved.  00:00 Introduction 01:03 Meet Babak Moini 04:55 Founding Laser Clinics Australia   10:59 Growth of the Chain Clinic Model   18:27 Private Equity and Selling the Business   26:25 Challenges Facing Chain Clinics Today   33:29 Pricing Pressure and Unsustainable Discounts   41:37 Why Franchise Models Are Struggling   48:53 Retaining Nurses and Talent Shortages   52:09 Competition and Market Saturation   61:45 New Regulations and Compliance Costs   68:49 Impact on Large Clinic Networks   76:38 Advice for Franchise Owners   80:09 Opportunities for Independent Clinics   86:34 Future of Chain Clinics and Market Share   90:43 Industry Outlook and Final Thoughts   95:25 Wrap Up and Outro ALL IA LINKS & CONTACT INFORMATION