Modern Acupuncture™, a Scottsdale-based franchise concept transforming the alternative medicine market and acupuncture industry, has opened eight locations in Arizona, California, Colorado, North Carolina and Texas since its official launch in August 2016. Seven more locations are currently under construction and scheduled to open in the first quarter of this year, with a total of 55 to 60 operating by the end of 2018.
“In what seemed like the blink of an eye, we propelled from a vision and startup into one of the fastest-growing national franchises overnight,” says Modern Acupuncture CEO Matt Hale. “In reality, it’s taken a tremendous amount of work. We have been fortunate to, essentially, hand-pick extremely successful and experienced franchisees and regional developers to help us grow the brand the right way. If you look at the portfolio of our franchise partners, most everyone is a serial, multi-unit developer of other nationally recognized and respected franchise concepts. Additionally, every Modern Acupuncture franchisee owns multiple licenses, which is very rare and a strong indicator of their confidence in our business model as well as a bright future for acupuncture in the U.S.”
Hale says that some of the biggest wins that have propelled the company’s growth have been bringing on credible partners in the acupuncture and medical space from the start to ensure the brand would not just be attractive to consumers, but would also be taken seriously by licensed acupuncturists looking for work and by medical professionals who are now realizing the importance of natural methods for pain relief in light of the opioid epidemic.
The company has international interest but plans to concentrate on its expansion in the U.S. before exploring international partners. It’s also on track to be sold out of all regional development opportunities in the U.S. by year end.
Modern Acupuncture
