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Friday, November 16, 2018

InnerScope Opens its First Hearing Aid Retail Clinic

‚ÄčInnerScope (https://www.innd.com/) has opened the first of its 22 new hearing aid retail clinics planned within Northern California in the coming six to 12 months. Each clinic is expected to generate $500,000 to $1 million in its first-year annual hearing aid sales revenue with a growth factor of at least five percent every year after, with some retail clinics expecting to generate $1.5 to $2 million in annual hearing aid sales revenue in its first year based on its location, senior demographics, and the reported number of hearing aid sales currently generated from the competition in the market area. The founders of InnerScope generated over $16 million in annual hearing aid sales from the 20 retail clinics they opened and sold in 2016. The rollout plan of these new clinics aims at opening two or more new locations every month starting in November 2018. The company is looking to staff these new hearing aid retail clinics with experienced hearing health professionals and open four more clinics before the end of the year, two in the Sacramento area and two in the east San Francisco Bay area.