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Radiance Med Spa

Radiance Med Spa

The total investment to open a Radiance Med Spa franchise ranges from $365,000 to $678,700. The initial franchise fee is $80,000. Ongoing royalties are 4%.

What is the Radiance Med Spa franchise?

Radiance Med Spa was founded in Belleair Bluffs, Florida, where its flagship location opened in spring 2006. The company was founded and is led by CEO Stephanie Schlageter. Her education includes a master's degree in Biomedical Engineering from Northwestern University, a bachelor's degree in Mechanical Engineering from Tufts University, and additional business education from the University of South Florida and Stanford University. Before leading the brand, Schlageter worked as a Research and Development Engineer for a medical device company. That experience informs Radiance Med Spa's focus on treatment safety, current technology, and clinical effectiveness in a medically supervised service business. The company's main operational and franchise headquarters is associated with Belleair Bluffs, Florida, while its franchise data lists an address in Fort Lauderdale, Florida. Radiance Med Spa describes its services as nonsurgical aesthetic skincare procedures delivered in a luxurious medical facility with a tranquil spa setting. The model combines the clinical credibility of a medical practice with the experience of a destination spa. The brand is cited as the only medspa franchise maintaining 100% regulatory compliance across all 50 states. Its current network includes 5 total units, including 2 franchised locations. The Radiance Medspa Group has previously awarded more than 85 locations domestically and has reported a rapidly expanding international presence. Radiance Med Spa also appeared on the Inc. 5,000 list of America's Fastest Growing Companies for three consecutive years, indicating sustained corporate revenue growth during an important period of expansion.

The global medical spa market was valued at USD 21.21 billion in 2024 and is projected to reach USD 78.23 billion by 2033, representing a compound annual growth rate of 15.77% from 2025 through 2033. Another projection places the market at USD 39.1 billion in 2025 and USD 75.5 billion by 2035. A third analysis estimates USD 26.2 billion in 2026 and USD 47.17 billion by 2031, with a 12.48% CAGR. North America held 40.68% of global medical spa revenue in 2024, and the United States is expected to record the fastest CAGR among regional markets from 2025 to 2033. The number of medical spas operating in the United States rose from 8,899 locations in 2022 to approximately 10,488 in 2023, or roughly 18% unit growth year over year. The category remains fragmented even as demand expands. Aging millennials are visiting medspas at what industry analysts describe as astonishing rates. Consumers aged 35 to 54 account for half of all procedures, while people aged 55 and older represent approximately one third of all clients. Adults held a 70.69% revenue share of the medical spa market in 2024 and are projected to post the fastest CAGR going forward. Greater awareness of self care and anti aging services, growth in wellness tourism, and rising demand for minimally invasive cosmetic procedures across age groups are supporting continued category growth.

The total initial investment for a Radiance Med Spa franchise ranges from $365,000 to $678,700. The range reflects the cost of developing an upscale retail location and installing the clinical infrastructure needed for a medically supervised aesthetics facility. The Radiance Medspa Group has cited an initial franchise fee of $80,000. The ongoing royalty is 4% of revenue. Radiance Med Spa offers financing to qualified franchise candidates and provides veterans with a 10% discount on franchise fees. The company has previously stated that applicants need at least $80,000 in liquid capital. Investment amounts can vary with real estate conditions, local build out expenses, and equipment configuration. Corporate support includes vendor relationships and architectural design assistance related to those variables. The brand's investment level is higher than that of many personal care service franchises because of the facility and equipment requirements, while the upscale setting and clinical infrastructure form part of the operating model. When considered alongside the projected increase in the medical spa market from $21.21 billion in 2024 to $78.23 billion by 2033, the required capital represents an entry into a category with projected growth of 15.77% from 2025 through 2033.

Radiance Med Spa's operating model is intended for physicians and for entrepreneurs without medical backgrounds. Franchisees do not need clinical licensure. Each location is designed for an upscale retail space of approximately 1,500 to 2,500 square feet, including locations in high visibility shopping centers and lifestyle retail settings. The brand provides a certified training program delivered in multiple phases. Training covers clinical protocols, regulatory compliance, staff management, marketing execution, and client experience standards. Franchisees also receive a turnkey development program and continuing assistance from corporate staff during development and daily operations. A dedicated 1 800 customer service and support line gives franchisees and their teams access to brand personnel. Site selection assistance is provided with national commercial real estate firms. The review considers demographic data, traffic counts, real estate costs, competitive density, parking availability, and signage visibility. Corporate assistance also covers medical staff recruitment, operating systems, ongoing marketing and advertising planning, and vendor contracts and warranties. The brand states that its 100% compliance structure across all 50 states gives franchisees a legally reviewed operating framework before opening. This can reduce the legal fees and regulatory uncertainty that often affect independent medspa launches.

Investors therefore need to construct revenue estimates with industry benchmarks, unit count analysis, and comparable brand information. North America represents 40.68% of the global market, based on a 2024 market size of $21.21 billion. That share implies a North American market approaching $8.6 billion. The brand's history also includes a prior franchisor failure involving revenue projections that were too high and startup costs and working capital requirements that were too low.

Radiance Med Spa has passed through several growth phases since its founding in 2006. The organization appeared on the Inc. 5,000 list of America's Fastest Growing Companies for three consecutive years. That list measures sustained revenue growth sufficient to place a company in the top 20% of private United States companies. The Radiance Medspa Group has cited more than 85 locations awarded domestically and a rapidly expanding international presence. Data from October 2021 records 30 franchise units in operation. More recent data lists 5 total units, including 2 franchised locations, which may represent the actively operating and verified locations in the current network configuration. The brand's operating distinctions include Schlageter's biomedical engineering and medical device research and development background, its stated 100% compliance structure across all 50 states, and a franchise model open to physicians and entrepreneurs. Her technical background supports evaluation and adoption of emerging treatment technologies. The compliance structure creates a legal and regulatory barrier that generic medspa operators may not easily reproduce. The physician and entrepreneur model expands the potential franchisee pool while corporate systems support clinical standards. The United States market grew from 8,899 locations to 10,488 in one year, and most of those businesses are independent practices with limited brand recognition, no franchise infrastructure, and no corporate compliance support. Radiance Med Spa combines a branded model with medically supervised treatments in a category where consumer trust and clinical credibility influence purchasing decisions. Its focus on innovative technology and medically supervised protocols addresses demand for nonsurgical and minimally invasive procedures, supporting the market's projected 15.77% CAGR through 2033.

A Radiance Med Spa franchisee does not need a clinical or medical background. The brand welcomes licensed physicians and entrepreneurs from other professional fields who understand and support its mission, values, and commitment to clinical excellence. Management experience, a customer service orientation, and comfort with premium, high touch service environments fit the operating model. Corporate systems provide the clinical protocols and regulatory compliance structure, while corporate assistance supports medical staff recruitment. Franchisees therefore operate as business leaders overseeing a clinical team rather than as individual practitioners. The 1,500 to 2,500 square foot retail format is suited to affluent suburban markets with a significant population in the 35 to 54 age group, which accounts for half of all medspa procedures nationally. Qualified operators may pursue multiple locations within a defined territory. The site selection process and turnkey development program are designed to support additional openings. Franchise agreement terms and territory exclusivity provisions are available in the current Franchise Disclosure Document. Prospective franchisees are legally entitled to receive that document at least 14 days before signing an agreement or making a payment.

Radiance Med Spa operates in a medical spa market projected to grow from $21.21 billion in 2024 to $78.23 billion by 2033 at a 15.77% CAGR. The United States has 10,488 mostly independent locations, and aging millennials and middle aged consumers are increasing their use of medspa services. Radiance brings engineering based leadership, a stated 100% compliance structure across all 50 states, three consecutive appearances on the Inc. 5,000 list, a total investment range of $365,000 to $678,700, and a 4% royalty rate to that category. Buyers should validate assumptions through conversations with existing franchisees, financial information from the corporate team, and third party industry comparisons before committing capital. PeerSense provides franchise research that can include SBA lending history, Loan Activity Score breakdowns, location maps with Google ratings, FDD financial data across disclosure cycles, and comparison tools. Buyers can use that information to compare Radiance Med Spa with similar concepts by total investment, royalty structure, unit count history, and franchisee satisfaction indicators. PeerSense is a commercial capital advisory firm that introduces franchise buyers to SBA and conventional lenders. It is not a lender and does not approve or provide loans.

Loan Activity Score

20/100

SBA Default Rate

50.0%

Active Lenders

5

According to its Franchise Disclosure Document or public business records, Radiance Med Spa has 2 locations, all owned by franchisees. Public SBA loan records show 5 lenders made 6 loans to franchisees of Radiance Med Spa. PeerSense calculates Radiance Med Spa's score as 20 out of 100, using public SBA loan performance and recent lending activity.

2 locations

Investment

$365,000 to $678,700

Franchise Fee

$80,000

Total Units

2

2 franchised

Loan Activity Score
Medium
20
SBA Lending
0
Lender Quality
9
Transparency
4
Reach
4
Momentum
3

Proprietary PeerSense metric

Limited
Capital Sources
5SBA lenders

Distinct lenders in public SBA records for Radiance Med Spa

6

Total SBA loans

$518K

Average loan size

Source: public SBA 7(a) and 504 loan records through December 31, 2025

Referral fee at closing

SBA Lending Activity for Radiance Med Spa

Loan Activity Score Breakdown

Emerging (3 to 9 loans)

Medium Confidence
20out of 100
Limited
Market Momentum3/35

Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.

Loan Safety0/25

Blended default rate (recent + all time) compared to NAICS sector peers.

Lender Confidence9/15

Quality lenders actively backing this brand, with penalty for lender pullback.

Transparency4/15

FDD availability, Item 19 disclosure, and overall data completeness.

Footprint4/10

Geographic spread of SBA funded locations across states.

SBA Lending Performance

SBA Default Rate

50.0%

vs 10.8% peer avg

SBA Loans

6

Total Volume

$3.1M

Active Lenders

5

1 selective

States

3

vs. SBA Sector Average

-39.2%higher default rate

SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors

Key Highlights

Data Insights

Key performance metrics for Radiance Med Spa based on SBA lending data

SBA Default Rate

50.0%

39.2% above peer avg

SBA Loan Volume

6 loans

Across 5 lenders

Lender Diversity

5 lenders

Avg 1.2 loans per lender

Investment Tier

Significant investment

$365,000 to $678,700 total

Radiance Med Spa: Deep SBA Data

Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.

Peak SBA Year

2007

4 approvals. The best year on record for Radiance Med Spa.

Top SBA State

Florida

3 SBA financed Radiance Med Spa locations, the densest operator footprint.

Average Loan Size

$518K

Median $512K. Use as a sizing anchor when modeling your own Radiance Med Spa unit.

Lender Concentration

66.7%

Concentrated

Share of Radiance Med Spa approvals captured by the top 3 SBA lenders.

Radiance Med Spa's SBA lending pipeline peaked in 2007 (4 approvals). Operator density is highest in Florida with 3 SBA financed locations. Average funded ticket sits at $518K, with the median at $512K. Lender mix is concentrated: the top three SBA lenders account for 66.7% of approvals. Credit decisions concentrate with a small group of incumbents.

Payment Estimator

Loan Amount$292K
Interest Rate9.5%
Term (Years)10 yr

Estimated Monthly Payment

$3,778

Principal & Interest only

Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.

Locations

Radiance Med Spa, unit breakdown

Total Units
N/A
Franchisee Owned
n/a
System Owned
n/a
Closed
n/a

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Radiance Med Spa

Page Review

Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense

  • PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
  • Edward L. Freeman founded PeerSense in January 2020.
  • He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
  • His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
  • In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page

Last reviewed LinkedIn profileAbout Edward Freeman