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. 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.
This is a general description of the spa medical practice. An Executive Summary will include information on how the spa practice will look, describe the type of clients who will use the practice, and information on spa services to be sold.
The medical spa owner must also describe his business vision and business qualifications for operating such a business. Research and write the information needed under Section I of the business plan called The Business.
Spa owners will discuss their advertising plans and promotion. They will also need a detailed and factual analysis of the demographics of potential clients in the area. A budget sheet for marketing also must be included. Competition needs to be an in-depth study of other medical spas in the area.
This sub-section describes how they will compete with your medical spa and what it offers that is better, the same or inferior. Operating procedures describe the day-to-day business operations such as cleaning the equipment, processing customers, and dealing with employees.
Operating procedures also involve information on regulatory compliance and licensing. Another sub-heading for the Description of Business Section is Personnel.
This sub-heading describes the background of the owners, and the key medical staff.
Insurance is the last subheading under Section I. Under this sub-heading a business will describe the insurance coverage it will purchase and the agent it plans to use or is using to purchase the insurance.
In the case of a medical spa practice, the owner may have the insurance policy already because of licensing requirements. If this is the case, include a copy of the policy in the reference section of the business plan.
If the principals of the medical spa practice have never created business financials, it is best to hire a business accountant to assist. Worksheets to create these budgeting documents are available free through the SBA.
This section involves extensive financial spreadsheets and graphic charts. Experience with a spreadsheet program is helpful.
Subheadings for this section include Loan Applications, Capital Equipment and Supply list, A break-even analysis spreadsheet and explanation, a balance sheet with the profit and loss statements.
Section III of the business plan contains all supporting documents. This section will include reference pages containing the source information for all the facts within the business plan. Copies of leases, contracts, letters of intent from medical spa suppliers, licenses and other legal contracts are also included in this section.
Spa owners must include three years of tax returns, a resume, and medical licensing. If the medical spa is a franchised operation, make sure to include the franchise contract.
Assemble the medical spa practice business plan for presentation.A comprehensive medical spa practice business plan is the vital first step in building a successful business in the medical spa industry. Without a business plan, spa owners could not apply for loans or government grants.
Jun 14, · If you don’t have a doctor involved in your medspa, this could be the kiss of death to your business. A major key to success for aesthetic practices who have weathered the recession has been the use of doctor-owners who provide high-end treatments and oversee the care delivered at each clinic.
Medical Spa Plan Development & Implementation An Acara Partners Company and implementation of your Medical Spa. Our team works collaboratively The following is an outline of the Business Plan: A. Executive Summary a. Objectives b.
Vision & Mission c. Keys to Success. Health and Medical Spa Business Plan – Sustainability and Expansion Strategy Miyakay health and medical Spa World is set to become the number one Spa business in the whole of Dallas, Texas. It is for this reason that we have taken our time to craft out a business plan that will help us set up and grow the business.
A Sample Beauty Salon & Day Spa Business Plan Template FREE Spa Business Overview In the United States of America there is always the need to work so as take care of the basic needs of life.
Starting a medical spa can be difficult without proper funding and you need a sound business plan to do that. Writing a business plan creates confusion when you do not know the important elements.