This business plan provides detailed financial information; it includes the basic strategic information necessary for initial establishment and operation of Tranquility Day Spa. This document outlines the tactics for business growth, methods, procedures for operation, and infrastructure management Nov 11, · Executive Summary. The Business. Sarah’s Spa will be a registered and licensed spa in Miami, Florida. It will provide all the modern alternative therapy services. Management of Spa Center. Customers of Spa Salon. Business Target. Insurance: $30, Insurance (general liability, theft, workers’ compensation and property casualty) coverage at a total premium – $30, Cost of accounting software, CRM software and Payroll Software – $3, Cost for leasing facility for the Spa – $70, Cost for facility remodeling – $50,Estimated Reading Time: 8 mins
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Through a unique combination of offered services and products, they will quickly gain market share. SoulSpace will provide customers with a relaxing, rejuvenating atmosphere where all of their mind and body needs can be met.
The business will be set up as a partnership with Steve Long, Debby Long, and Linda Hill-Chinn owning equal portions of the operation. Products and Services SoulSpace offers a wide variety of mind and body healing services and products. The salon aspect of the business will provide both males and females with any type of hair styling services.
The spa business is devoted to providing holistic methods of massage, body work, and energy work. This is all done in a relaxing, serene setting. Location SoulSpace has chosen Raleigh, NC as their city for the business venture. Raleigh has consistently over the last few years been voted the best place to work and live in the USA, frequently making the top five and ten lists of Forbes, Money, and Inc.
Raleigh has one of the most educated populations that loosely correlates to earning potential, or at least indicates a higher average household income.
Additionally, the downtown area has undergone a recent renovation that has attracted a lot of new businesses as well as become a hot urban area. Both the extraordinary services and location has been detailed previously. SoulSpace has set out since its inception to provide quality, dependable services. SoulSpace has an innovative training program that is extensive in its depth, properly training employees to provide an unprecedented level of customer service.
All customers will business plan for a small health spa SoulSpace with a feeling that their needs were met well beyond any expectations that they previously had and far better than any competitor. This customer-centric business model is not just rhetoric, there are financial incentives in place for employees to offer unprecedented levels of service. Financials SoulSpace has forecasted substantial sales revenues by year two. Also by year two the business will reach profitability and have achieved a healthy profit before taxes.
When SoulSpace begins their fundraising efforts they will consider options such as LLC status to replace the partnership business formation that they have currently adopted. SoulSpace is an exciting business that provides a combination of sought after services that are not currently offered by a direct competitor.
SoulSpace will provide a relaxing, serene setting for a variety of mind and body rejuvenation services for the booming Raleigh population. SoulSpace will provide a comforting, yet stimulating, business plan for a small health spa, atmosphere in which customers will be able to relax both their body and mind, reconnecting their daily lives to their true purpose through a wide range of holistic methods including massage, business plan for a small health spa, body works, energy works, and hair styling.
SoulSpace will establish itself as a dependable destination to which they can always come to escape the stresses of life, and rejuvenate their energies, their souls, and their lives. SoulSpace Holistic Spa and Salon is a new destination offering customers the unique combination of hair styling, massage, body and energy work, and training, all in one beautifully serene setting.
Soulspace will offer all ranges of hair styling, therapeutic massage, manicure, facial, sauna, Reiki, therapeutic touch, business plan for a small health spa, and specific complimentary product offerings. The goal and promise of SoulSpace can be summed up in our name and slogan: SoulSpace Holistic Spa and Salon—Rejuvenate Your Life! SoulSpace, at this time, is a privately held partnership, owned by Steve and Debby Long and Linda Hill-Chinn. In the course of fund raising, we will explore the feasibility of both a partnership, and a limited liability partnership.
SoulSpace will need at least 4, square feet sq. of space. inclusive of tax and accommodations. at Glenwood Avenue downtown Raleigh. This site is within the target priority area in part of the Warehouse District in what is now referred to as Glenwood South. This space is in priority target range, and will be two blocks from the Raleigh Commuter Rail Hub due to open in the next five to eight years. The location is spacious at 10, sq, business plan for a small health spa.
and the basement floor 5, sq. for the entire 10, sq. This makes this space cheaper than the other locations, and has twice the space.
We have also met with David Stowe of Anthony Allenton Real Estate when shown space at the Royal Bakery on Hillsborough Street across from Meredith College. This location is within priority target, and has 6, sq. It is also the site of a future Commuter Rail Station. They have also built a large parking decking which will be free to all patrons. SoulSpace will provide customers with personal beautifying and relaxational services and complimenting products, as well as training in specific forms of energy work, accessible materials on a wide range of health-related topics, and the option to purchase artwork displayed in SoulSpace.
Selected hair care products shampoos, conditioners, cleansers, brushes, mirrors will be sold as well. Specific complementing products will be sold as well. Customers will include people wishing to strengthen their physical body, mind, and spirit through the cleaning and revitalizing of their energetic system i. Mikao Usui. Energy revitalization and therapeutic touch are energy field cleansing and revitalizing techniques working with the outer levels of the energy field along with Reiki.
Artwork: Most of the artwork in SoulSpace will be by local artists, for sale to the customers. There are many salons in the greater Raleigh area but no direct competitors. There is one place offering energy work, in Clayton 30 minutes southeast from downtown Raleigh. All energy work practitioners are private, of which there are only ten working full-time, with most of them concentrating on other alternative modalities, and an estimated ten twenty at the very most part-time energy practitioners.
Not including Chapel Hill and Durham, the above service an estimated population of at least , with that figure growing by an estimated 6, persons daily, business plan for a small health spa. SoulSpace will sell complementing products of the highest quality that have not been created through the testing of animals, and are of the latest scientific knowing for effecting the desired results for body beautification and energetic balancing maintenance.
SoulSpace will add healing touch when Steve Long earns his certification. SoulSpace will always remain involved with the best spa relaxational techniques offered, and will implement them if deemed appropriate and feasible for SoulSpace clientele. There are no exact competitors, and few related competitors in the greater Raleigh area. There are no related competitors in the downtown Raleigh area. The space at Glenwood was recommended to us by the managing realtors because they had targeted that space for a spa type tenant.
By nature of the service SoulSpace will provide, success will be readily achieved. Our target market will be divided by salon customers and spa customers. Salon customers will be from every age and gender; however, since the salon and spa will be in direct association with each other, we expect that the spa market segment will greatly affect the salon market segment. The members of these market segments have luxury money on hand, and lead professional lives filled with stress at a consistent level.
People love to pamper themselves, especially people who have achieved a modicum level of professional success. This has created a community of wealth, mobility, and growth. When Forbes, Inc. The North Carolina census released in October reports that an average of 6, persons per day were relocating to the greater Raleigh area. According to this census, the Triangle has one of the highest concentrations of Ph. New buses and taxis are funded and are to be implemented during the next two years.
A Commuter Rail System run by the Triangle Transit Authority is supposed to be finalized May 1,and completed bywith rail stations throughout downtown, running up Hillsborough Street going to RDU Airport then connecting to Chapel Hill and Durham; later phases include branch rails to North Raleigh. The refurbishment plan continues, and downtown is now populated with more destinations than ever, with the plan growing even more businesses. The future looks very promising for a thriving downtown with a continual presence of customers.
Also, by nature of their popularity we must also include these spas as main competition: Skin Sense with locations in downtown Cary and far North Raleigh, and Iatria in business plan for a small health spa North Raleigh.
Strengths of the above are services offered: location proximity to major housing developments, and name recognition.
The weaknesses of these competitors are general lack of promotion, concentration mainly in North Raleigh. With our target location being downtown Raleigh, we will be servicing East, South, West, and Old Raleigh, as well as downtown commuters.
There are no salon-spas in West Raleigh, the closest being Von Kekel in East Cary, and the spa only Skin Sense also in Cary. The only downtown competitor, Salon 21, is very small, not very well known, and concentrates business plan for a small health spa of their business on the salon end.
Our market advantage is wide open, and will give us the opportunity to service a large population base that is not currently being well served. When you include our service of energy works, business plan for a small health spa, we become the sole provider of all three services of hair works, body works, business plan for a small health spa energy works not only in downtown Raleigh, but for the entire greater Raleigh area.
Industry participants are those whose services include salon and spa offerings. Salon services concern hair styling, while spa services business plan for a small health spa body relaxing and rejuvenating offerings such as massage, and nail and face works. Customers choose spa and salon services based on proximity to their daily travels from home and work, reputation for quality, and good pricing.
With our combined services, we expect to compete mainly against other combination spa-salons. Click here to view this full business plan, business plan for a small health spa. About Us Write for Us Competitions Newsletters Contact. Thursday, 30 September Trending Tags. Home LAUNCH Sample Business Plans Health and Beauty. Health Spa Business Plan This sample business plan will help you start up your own health spa.
by ExpertHub Staff. Oct 24, in Health and Beauty. Share on Facebook Share on Twitter Share on LinkedIn. Related Topics. Hair Salon Business Plan. Cosmetic Herbal Sundries Sample Business Plan. Tanning Salon Business Plan. Share Tweet Share.
Day Spa Business Plan
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Aug 04, · In the initial stage, your business plan is your general plan, through which you can determine the profitability of the spa through strategic planning exercises. When you acquire clients and enter the growth stage, your business plan will support your fundraising and marketing blogger.comted Reading Time: 6 mins This business plan provides detailed financial information; it includes the basic strategic information necessary for initial establishment and operation of Tranquility Day Spa. This document outlines the tactics for business growth, methods, procedures for operation, and infrastructure management A spa and salon business plan is a process document that involves a forethought on all aspects of a spa and salon outfit. Rahab Meßmer, in her article for iAfrikan, wrote four reasons why it is necessary
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