TL;DR
PrimeWave Medical Group is targeting the Chicago market for growth, offering acoustic wave therapy to treat erectile dysfunction. The brand plans to open one to two clinics initially, with eventual plans to span across 50 U.S. markets over the next five years.
PrimeWave Medical Group, the premier men’s health clinic that specializes in its use of acoustic wave therapy to correct problems that cause erectile dysfunction (ED), is targeting the Chicago market in its efforts to grow the innovative concept.
PrimeWave seeks to educate its patients on the root of what causes erectile dysfunction and encourages them to choose alternative treatments to ineffective pills and injections. What many men who suffer from ED may not know, is that what they’re actually experiencing is arterial blockage — build-up of plaque, fatty tissue or other debris. And while traditional ED medications allow blood to flow around the blockage, acoustic wave therapy breaks up those blockages with distribution of low-intensity vibrations.
PrimeWave began its innovation in Scottsdale, Arizona in 2018. After seeing success in its initial market, the brand opened a second location in Las Vegas. In pursuit of continued growth and expansion of a non-invasive, alternative solution for ED, PrimeWave has pinpointed Chicago as a key target.
“Chicago is the third largest city in the U.S. and its demographics are within our prime target,” said Matt Goodwin, director of business development at PrimeWave. “The competition in Chicago is minimal for our business model and demand is through the roof, because of this Chicago has the potential to be the best performing territory in the entire PrimeWave Network.”
PrimeWave offers training to all staff, technicians and doctors to ensure safety and success of all involved with opening and operating the new franchise brand. Potential franchisees can count on unwavering support from the corporate team from the hunt for real estate to monitoring the sales process.
But what exactly does that franchisee support look like? Owners of the premier men’s health clinic will have access to an intensive operations manual, thorough training on sales protocols, monthly webinar training and access to a leading medical marketing team.
According to Goodwin, PrimeWave plans to enter the Chicago market by opening one to two clinics initially, with eventual plans to span across 50 U.S. markets over the next five years.
The initial investment to open a PrimeWave franchise ranges from $209,750 to $453,101, including a $50,000 franchise fee. The brand is actively seeking franchise owners in Chicago, Arizona, Nevada, California and Atlanta. For more information on franchising with PrimeWave, please visit *
In this story
This story was originally published in 1851 Franchise on February 25, 2021. Burnaze summarizes and links to the original reporting.
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