VIO Med Spa, a national, all-inclusive med spa, has received a strategic growth capital investment from Tucker’s Farm Corporation.
WHO: Founded in 2017 in Strongsville, Ohio, by Joe and Nick Stanoszek, VIO Med Spa is a national, all-inclusive med spa providing the latest cutting-edge technologies and therapies in the wellness and aesthetics industry. VIO Med Spa’s highly educated expert team of medical professionals and practitioners focuses on meeting the needs of each guest by recommending products and services that are sure to get the desired results. The company has 13 locations open across six states, with 40 new locations scheduled to open by the end of 2023.
Tucker's Farm takes a highly flexible approach, investing across industries, geographies, and the capital structure. The corporation's affiliate franchisor-franchisee investments include the leading chicken quick-service restaurant brand in the Midwest and one of the largest European Wax Center franchisees with locations across the country.
WHY: The company plans to continue its national expansion, invest in human infrastructure, expand training and education, explore emerging operational and technology platforms, and further the development of additional corporate-owned locations.
The VIO Med Spa transaction represents Tucker’s Farm’s most recent franchisor and multi-unit franchisee investment, following successful partnerships within the European Wax Center system and Lee’s Famous Recipe Chicken. Tucker’s Farm plans to take a similar approach as those investments by investing heavily in the team, infrastructure, and new corporate-owned locations to further drive growth.
IN THEIR OWN WORDS: "As our leadership team explored the many growth partners interested in VIO, we felt Tucker's Farm was best aligned with our core values and the mission of becoming the nation's leading aesthetic brand," said VIO CEO Ryan Rose. "They share our ideals of being a franchisee-first organization and decision-making based on long-term financial results."
“VIO Med Spa is an emerging leader within the health and wellness sector as consumers have embraced med spa services and injectables as an important part of maintaining their physical & mental health. Furthermore, franchisors within the sector have continued to increase their footprints while offering affordable membership programs at quality and consistent service levels,” said Brian Alas, Managing Director of Boxwood Partners. “The Company’s partnership with Tucker’s Farm will provide the necessary resources to continue its expansion plans.”
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