Deal flow the market never sees.
Off-market med spa pipeline, gated to approved buyers. Aesthetics-only sourcing. Direct intros. No broker daisy chains.
Gated pipeline · Aesthetics-only sourcing · Direct intros
You've seen the brokered decks. Half are laundromats dressed up as med spas. The other half are spas dressed up as platforms. Neither closes.
The real inventory, the operators who actually want to sell to a sponsor, never touches a public listing. They pick a specialist, keep the process off-market, and only meet buyers the specialist vouches for.
That's the pipeline you want to be inside.
Aesthetics is where dental was a decade ago.
Fragmented ownership. High-margin recurring services. A generation of clinician-owners ready to exit. The rollup is happening. The constraint is deal flow, not capital.
Six levers sponsors focus on.
Adjusted EBITDA quality
Owner add-backs, comp normalization, and one-time costs. This is where diligence lives or dies.
Provider concentration
A spa with one injector doing 80% of revenue is not a business, it is a personal brand.
Retention and membership
Recurring revenue is the strongest multiple driver. 12-month retention curves matter more than LTV.
Service mix stability
Injectables are cash. Devices are capex-heavy. Skin and memberships smooth the P&L.
Lease and location
Term, renewal option, and rent-to-revenue ratio directly affect deal structure.
Path to scale
Platform-ready ops, standardized SOPs, and a reproducible unit economic model.
Three reasons sellers pick us.
Zero public listing
Sellers sign with us because we don't publish them. Which means the deals in our pipeline aren't in anyone else's.
Aesthetics-only
Sellers get an aesthetics-specific valuation and an aesthetics-specific buyer set. Which means they trust the process, and the deals close.
Prepped before intro
Sellers go through a clean-up sprint before you see the deck. Books reconciled, add-backs mapped, provider agreements reviewed.
Gated to approved buyers.
Only capital that can actually close moves through the door. Fairer to sellers, faster for buyers.
Private Equity
Aesthetics platform builders, roll-up sponsors, and healthcare-focused funds. Bolt-ons from $2M to platforms above $50M.
Family Offices
Long-hold capital with a services thesis and appetite for operator-led acquisitions.
Strategic Buyers
Existing med spa operators expanding through bolt-on acquisitions or new geographies.
Buyer-focused reading.
Med spa EBITDA multiples in 2026
What single-provider, multi-provider, and platform-scale spas are trading for right now.
Read →TrendsThe 2026 med spa transactions report
COVID-era openings hitting lease renewals as private capital rolls up aesthetics.
Read →SellersThe seller playbook, from the seller's side
Understanding how sellers actually run a private sale makes you a sharper buyer.
Read →Common questions from buyers.
Where do I actually find med spas for sale?
The best deals are never publicly listed. Aesthetic Deals surfaces off-market med spas through a gated buyer network in the app. Public listing sites are the leftovers.
How are med spa valuations calculated?
Adjusted EBITDA multiplied by a defensible multiple, with the multiple driven by service mix, provider concentration, retention, and lease. Sellers see the same math you do.
What's the ROI on acquiring a med spa?
Depends on your thesis. Roll-up, platform, or bolt-on. Aesthetics is where dental was a decade ago. Strong operators see meaningful multiple arbitrage between single-unit acquisition and multi-unit exit.
How does buyer access work?
Create a buyer profile in the app, complete a short qualification (buyer type, thesis, check size, geography), and get access to matching listings under NDA. Reviewed within 2 business days.
Are the listings brokered or direct?
Direct. Every seller is on Aesthetic Deals under an engagement. No daisy chains, no double-brokered intros.
Can I filter by state or service mix?
Yes. Buyers set criteria on geography, revenue band, EBITDA band, service mix, and modality. You only see deals that match.
Get inside the pipeline the market never sees.
Sellers sign with us because we don't publish them. Buyers sign with us because we bring the ones nobody else has.