Modern Acupuncture™ Announces First Location, Plans 150 Franchise Locations By 2020
Created by Former Key Leaders from The Joint Chiropractic, Modern Acupuncture™ Has 95 Licenses Sold or Pending Across U.S.
December 14, 2016 // Franchising.com // SCOTTSDALE, Ariz. – Modern Acupuncture™, a new franchise transforming the alternative medicine market and acupuncture industry, announced today its first location and that six regional developer licenses have been awarded or are pending across the U.S.
Created by several of the key leaders who built and grew The Joint Corp., franchisor of The Joint Chiropractic, to the largest and fastest growing chiropractic franchise in the world, Modern Acupuncture™ will be the first franchise to deliver the natural health and cosmetic benefits of acupuncture in a retreat-like setting in highly accessible neighborhood locations.
“Acupuncture is an untapped segment in the health and wellness industry, making it an excellent opportunity for Modern Acupuncture™ to emerge as the market leader,” said Matt Hale, CEO for ACU Development, LLC, franchisor of Modern Acupuncture™.
Modern Acupuncture™ will offer an enhanced acupuncture experience that utilizes needle therapy but unlike traditional acupuncture, does not require the removal of any clothing to access full-body health. A visit to Modern Acupuncture will feel like a relaxing retreat, where guests can unwind while experiencing the healing or cosmetic benefits of acupuncture. Sessions are typically 30 minutes and walk-ins are welcome.
The company has awarded regional developer licenses in Arizona and Las Vegas for the development of 25 locations, with regional developer license awards pending in four additional states. The awarded regional developers are seasoned franchise professionals who have owned and operated notable franchises such as Subway, The Joint Chiropractic and Massage Envy. Headquartered in Scottsdale, Ariz., the first location will open in Scottsdale in January 2017 and more than 150 locations are planned to open by 2020.
Modern Acupuncture™ is well positioned for rapid growth and financial success with its highly regarded founding and management team that boasts more than 30 years combined franchise experience.
Matt Hale, CEO and co-founder of ACU Development, LLC, franchisor of Modern Acupuncture™, brings to the brand an esteemed career in the franchising industry. Hale was both vice president of operations and a founding member of the management team at The Joint Chiropractic. Hale’s leadership in the development of a strategic operational infrastructure played an integral part in growing the brand from eight units in 2010 to more than 340 open in 27 states in a six-year period. He was also a key member of the team that took the company public in 2014.
Stephen Gubernick, D.C., chief clinical officer and co-founder of ACU Development, LLC, franchisor of Modern Acupuncture™, was an early franchisee of The Joint Chiropractic and owns and operates a clinic in Scottsdale, Ariz. He has been a licensed chiropractor in Arizona since 2010, and he is certified in acupuncture by the International Academy of Medical Acupuncture (IAMA).
Additional core members include, Chad Everts, co-founder and chief development officer and former vice president of sales and real estate for The Joint Chiropractic, Mike Nesteby, co-founder and chief information officer and former director of information technology for The Joint Chiropractic, and Chris O’Neal, co-founder and director, who owns 55 franchise licenses and operates 27 franchises of The Joint in five states.
The initial franchise fee is $29,500 and total estimated initial investment ranges from $154,825 to $308,825. For more information about franchise opportunities available in your area, please visit www.modacu.com or call 480-477-7703.
About Modern Acupuncture™
Modern Acupuncture™ is the first franchise to deliver the natural health and cosmetic benefits of acupuncture in a retreat-like setting in highly accessible neighborhood locations across the country. Founded in 2016 and based in Scottsdale, Ariz., Modern Acupuncture™ currently offers area developer and franchisee opportunities to qualifying entrepreneurs. For more information, please visit www.modacu.com or call 480-477-7703.
Note: ACU Development, LLC is the franchisor of Modern Acupuncture™ franchise locations and expect to operate locations in some states. In some states, ACU Development, LLC and its franchisees will provide management services to affiliated professional acupuncture practices.
SOURCE Modern Acupuncture™