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Medical Spa Insider
The Timeline and Considerations for Medical Spa Real Estate
Oct 25, 2023
Albert Miles, vice president of Xite Realty, brings expertise in medical spa real estate to the conversation. He delves into the timeline of securing prime locations and the critical factors in site selection, such as demographic analysis and market saturation. Discussing real estate as a powerful advertising tool, he highlights common misconceptions in costs and lease negotiations. Listeners gain insights on strategic financial planning and how to avoid pitfalls in the planning process, ensuring a solid foundation for their medical spa ventures.
56:46
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Quick takeaways
- Understanding the timeline for medical spa real estate typically involves three to four months for lease negotiations and extensive planning.
- Educating prospective owners on market analysis and patient demographics is crucial to avoid costly mistakes when selecting a location.
Deep dives
Background of Excite Healthcare Real Estate
Excite Healthcare Real Estate was founded by a group of partners with diverse backgrounds, including commercial real estate and dental supply. They identified a gap in the market when dental clients struggled to ramp up quickly upon opening, which led to the development of a data-driven approach for real estate selection. Over the past 15 years, they have expanded their services beyond dental to include various healthcare sectors, notably medical spas. The company utilizes custom patient profiles and demographic analyses to pinpoint optimal locations based on target patient densities and competitive landscapes.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode