Two MedSpas pull the same revenue and sell for wildly different prices. The busiest, most owner-driven clinic often gets the lowest offer. This episode of The Scalpel of Truth breaks down what private equity is actually buying when it buys an aesthetic practice — and it isn't your lasers or last year's top line. EBITDA, recurring revenue, owner dependence, the factors that quietly tank a valuation, and the three-year runway it takes to be ready. The work that makes a practice worth buying is the same work that makes it worth owning.

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