Case Study
ELAN Aesthetics, Hype Park, Tampa
ELAN Aesthetics is a boutique med spa based in Tampa’s Hype Park Village. Founded in 2019, ELAN Aesthetics focuses on providing a luxury experience for advanced, non-surgical aesthetic treatments. Nurse-led and brimming with experience in the aesthetics field, ELAN Aesthetics has become a center for results-driven treatments.
Their mission is to educate on prevention and make every client knowledgable about their procedures, including how to reverse them. ELAN Aesthetic’s goal to help clients feel more confident and to personalize appointments means each client is treated as an individual, helping them feel their best.
Working with Tony and Nate at Triumphant Transition Partners during the sale of our spa was a great experience. Selling a business is a lot — emotional, complicated, and full of details you don’t even realize exist until you’re in it… Having both of them available made us feel like we had a really strong team in our corner… They helped find the perfect partner for us- in our values, culture and negotiated a deal that truly reflected the value of what we built. We are now 3 months into our new partnership and couldn’t be happier. I recommend them a million times over.”
Our Timeline for Success
Comprehensive diligence intake, financial model / marketing material creation.
Outreach and buyer conversations.
LOI negotiations and exclusivity with Well Labs +.
Confirmatory diligence, quality of earnings process, legal negotiations, finalizing employment agreements / asset purchase agreement, and closing.
Acquisition by Well Labs+
Our Triumphant team was able to secure a successful sale with a strategic acquirer that focuses on integrative wellness and aesthetic medicine while partnering with Rejuvenated Med Spa and Maverick Men’s Clinic.
Combined platform which included two brands and locations, offering diversified services across men’s health, hormone therapy, injectables, and regenerative treatments
Increased initial offer by 70%, achieving a premium valuation multiple
Favorable owner employment terms and retention of leadership positions for owners post-transaction
the final step
Are You Ready to Begin the Transition Process with Triumphant Partners?
Selling a dental practice, medical practice, or med spa is a significant decision that requires careful planning and execution. Understanding the process is crucial for a smooth transition. Get in touch with us today and see how a partnership with Triumphant Partners can help you in your journey.