Spa Health Club Business Plan

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Start your own spa health club business plan

Visions

Company Summary

Visions has been a dream for the founders; it was essential for a salon/health club/spa to nurture mind, body, and spirit. This combination is hard to come by in Seattle, and so the four founders decided to create the Visions health club and sought the backing of three angel investors.

VS is located in the Queen Anne Hill district of Seattle, Washington, and provides a magical setting for this soothing building. It is downtown and in the heart of our target market.

2.1 Start-up Summary

The table that follows details projected starting costs.

Spa health club business plan, company summary chart image

Start-up
Requirements
Start-up Expenses
Legal $7,500
Stationery etc. $500
Brochures $5,000
Consultants $0
Insurance $500
Rent $4,500
Research and development $0
Expensed equipment $2,500
Other $4,500
Total Start-up Expenses $25,000
Start-up Assets
Cash Required $500,000
Start-up Inventory $5,000
Other Current Assets $75,000
Long-term Assets $0
Total Assets $580,000
Total Requirements $605,000
Start-up Funding
Start-up Expenses to Fund $25,000
Start-up Assets to Fund $580,000
Total Funding Required $605,000
Assets
Non-cash Assets from Start-up $80,000
Cash Requirements from Start-up $500,000
Additional Cash Raised $0
Cash Balance on Starting Date $500,000
Total Assets $580,000
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $5,000
Other Current Liabilities (interest-free) $0
Total Liabilities $5,000
Capital
Planned Investment
Investor 1 $200,000
Investor 2 $200,000
Invertor 3 $200,000
Additional Investment Requirement $0
Total Planned Investment $600,000
Loss at Start-up (Start-up Expenses) ($25,000)
Total Capital $575,000
Total Capital and Liabilities $580,000
Total Funding $605,000

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