According to the video, med spas have the potential to generate a significant amount of money, with some easily making six figures part-time. However, it is essential to consider the costs involved in running a med spa, as it operates on a volume-based model. The exact amount of money that can be made depends on the size and vision of the practice.
Setting up a large med spa with multiple nurse providers and services may require a substantial investment. However, starting small, such as by renting one injector room within someone else's office, can significantly reduce costs. The speaker suggests that it may take around a year and cost around $20,000 to set up a small med spa that offers one or two services.
It's important to note that the cost of running a med spa can vary depending on the size and vision of the practice. The video suggests that starting small can be an effective way to reduce costs and build a successful business. By renting one injector room within someone else's office, you can significantly reduce costs while still offering high-quality services.
Overall, the video provides an excellent overview of the potential for generating income through med spas. It's a great resource for anyone looking to start their own med spa business.