People are getting rich with Med Spas. Will we? - Acquisitions Anonymous Episode 131

Want to receive this listing in your inbox? Signup for our weekly newsletter:https://www.getrevue.co/profile/acquanon-----Michael Girdley (@Girdley) and Bill D’Alessandro (@BillDA), we discuss a very profitable Spa And Beauty Center located in Clark County, Las Vegas, Nevada. We will find out how a business like this works and what’s interesting about this kind of enterprise.Moreover, we will be unlocking vital information on how this business is winning and how they strategize to keep their customers coming back. Comparing this to the previous episode’s Las Vegas Wedding Chapel Chain, we will find out which one is better for Bill. Also, we will know if Michael already had an experience in Med Spa!-----Thanks to our sponsors!* CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.-----Show Notes:(00:00) - Introduction(00:36) - Our Sponsor is Cloudbookkeeping(02:03) - Deal & Financials: Very Profitable Spa And Beauty Center (03:26) - How does this business work?(08:04) - Has Michael already tried Med Spa?(09:10) - What is so interesting about this business’s customer base?(12:35) - What secret is Michael sharing?(14:53) - What do we like about this deal? Why is the Cost Of Goods Sold (COGS) so low?  (16:20) - Is there a retail operation behind the main business?(17:58) - What is the moat and strategy for this business? Why are these guys winning?(20:32) - How do these guys sell their services?(22:24) - Are there hidden capital expenditures?(23:21) - How to get your employees to overperform?-----Additional episodes you might enjoy:#130 Should we buy this Vegas Wedding Chapel Chain?#128 Who should buy this $4.4m EBITDA, cashflow machine?-----Subscribe to  weekly our Newsletter and get curated deals in your inboxAdvertise with us by clicking hereDo you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.Do you enjoy our content? Rate our show!Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.For inquiries or suggestions, email us at [email protected]