DALLAS, Tex. – Serena MedSpa, a retail medical spa located in the heart of Dallas, was acquired recently from The MediSpa Group, LLC by Serena MedSpa, LLC with the assistance of Sigma Mergers & Acquisitions.
Serena opened its doors in July of 2007 in Preston Center, just off Preston Road and Northwest Highway in Dallas, offering the area’s discerning clientele elite and customizable medical spa treatments. Services range from injectables, such as Botox and Restylane, to laser treatments, such as microdermabrasion and VelaShape, as well as other aesthetic skin services.
Serena founder and president, Karim Halani, spent years developing his concept and finally launched the business once he was able to secure this prime location. The business enjoyed significant growth each year since opening, but Halani found himself in a situation that warranted a move out of the country and decided to sell the business.
“Serena MedSpa was everything I could have hoped it would be when I first set out with the idea of starting this kind of business,” Halani said. “If it weren’t for circumstances outside of my control, I would have never even considered moving away and having to sell it, but unfortunately for me that was the case.
“Finding a suitable buyer was not acceptable to me – finding the perfect buyer to take over my ‘baby’ was what I wanted and Sigma certainly delivered that person to me.”
Serena MedSpa, LLC president Chris Henretta, having sold his former company in 2008, was looking for a new challenge and a new industry to enter into. The medical spa field intrigued him due to the growing popularity of the services coupled with the aging population of the area. He researched dozens of opportunities, but in the end it was Serena that he felt was the perfect first step into this new arena.
“I had some specific criteria that were important to me, in terms of any medspa I was going to potentially acquire,” Henretta said. “My plan is to expand the concept, so the first operation I acquired definitely needed to be profitable and have a great location.”
This engagement was a challenging undertaking for Sigma, due to the seller’s specific requirements of the buyer and also his timeline to move, but in the end Halani was presented with three different qualified offers from motivated buyers within 60 days of putting the business up for sale.
“I was ecstatic with the offers Sigma produced,” Halani said. “I was hoping for one good buyer to come to the table and they actually produced three great offers, giving me the ability to choose who I felt would be the best owner to carry on with what I had started and worked so hard to build. I have mixed emotions about this process because I never wanted to sell the business … having said that, Sigma did everything they said they would do and I’m certainly happy with the results.”
Serena MedSpa is located in Preston Center across from Starbuck’s. They can be reached by calling 214.361.8305, or by visiting their website at serenamedspa.com.
Sigma Mergers & Acquisitions’ (www.sigmamergers.com) roots as a Dallas business brokerage and M&A firm date back to 1984. After the company was acquired in 2004, Sigma has grown into one of the country’s most successful firms of its kind. The proprietary Sigma DealMap™ process has changed the way businesses are sold in Texas and has established Sigma as one of the most productive business brokerage and M&A firms in the country year after year. Sigma has closed more than 500 business transactions since 2004, and on average those businesses have sold for 95% of their asking prices.
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