Booking Price $
Package Price $
[Sender.Company] operates its massage therapy services in strict accordance with all relevant laws and regulations governing the practice of massage therapy, health and safety, and client confidentiality.
All massage therapists are duly licensed and certified to practice within (State, County), and their qualifications are regularly updated and maintained.
Before providing any massage therapy service, [Sender.Company] requires clients to complete a comprehensive health history and consent form.
Target market.
[Sender.Company] aims to serve a diverse clientele within (State). Our target market includes, but is not limited to
(Mention Targeted Demographics, e.g., individuals seeking relief from musculoskeletal issues, stress, and discomfort, as well as those proactively pursuing relaxation and wellness).
Location: (Location)
Business Hours: (Hours)
All massage therapists and support staff employed by the [Sender.Company] shall be duly licensed, certified, and trained per the legal requirements set forth by (State) for the practice of massage therapy.
[Sender.Company] shall maintain an inventory of massage therapy supplies, equipment, and products necessary to safely and effectively provide massage therapy services.
[Sender.Company] shall maintain comprehensive insurance coverage, including professional liability insurance, general liability insurance, and workers' compensation insurance, as mandated by law. Risk management protocols are in place to minimize potential liabilities and ensure compliance with all legal obligations.
[Sender.LastName] is dedicated to providing high-quality massage therapy services while upholding the highest standards of legal and ethical conduct.
Revenue projections.
[Sender.Company] anticipates achieving the following revenue milestones:
Year 1: (Year 1 Revenue Projection)
Year 2: (Year 1 Revenue Projection)
Year 3: (Year 1 Revenue Projection)
The financial projections also encompass detailed expense projections, including but not limited to operating costs, marketing expenses, personnel costs, lease payments, and other overhead expenses. These projections adhere to generally accepted accounting principles (GAAP) and legal financial standards.
A comprehensive cash flow analysis has been conducted to ensure the [Sender.Company] ability to manage financial obligations in a timely manner. This analysis considers cash inflows and outflows, including accounts receivable, accounts payable, and debt service, and complies with all relevant financial laws and regulations.
[Sender.Company] funding requirements have been assessed to support operational needs, growth strategies, and potential contingencies. Additional capital may be sought through legal means, such as business loans, investment agreements, or grants, while adhering to all financial regulations, contractual agreements, and disclosure requirements. The financial request total to (Enter Amount).
[Sender.Company] financial operations will be conducted in full compliance with all applicable financial and tax regulations, including but not limited to tax filing requirements, record keeping, and financial reporting obligations. [Sender.Company] will cooperate fully with tax authorities and will adhere to all statutory reporting requirements.
The financial plan includes a comprehensive risk assessment that identifies potential financial risks and mitigation strategies. This ensures that [Sender.Company] is prepared to address unforeseen financial challenges in a manner that complies with fiduciary responsibilities and regulatory requirements.
The parties hereto acknowledge that all information contained within this business plan is proprietary and confidential and shall not, without the express written consent of [Sender.Company] , be disclosed, disseminated, or shared with any third party. This obligation of confidentiality shall extend indefinitely beyond the termination of any agreements or discussions between the parties. It shall be legally enforceable to the fullest extent permitted by applicable laws.
Any unauthorized sharing or disclosure of this confidential information shall subject the breaching party to legal remedies, including injunctive relief and monetary damages.
[Recipient.FirstName] [Recipient.LastName]
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Creating a solid business plan is a fundamental step for massage therapists interested in starting their own massage therapy business. A written business plan is more than just a formal document; it’s a practical and useful blueprint that can help ensure the growth and stability of a new massage business, laying the foundation for long-term success. Whether you’re just getting started or looking to refocus your business, a well-crafted plan will help clarify your vision, establish goals, and attract funding.
What is a business plan? A business plan is a comprehensive document that details your business objectives, marketing strategies, the services and products you offer, your financial forecasts, and the steps you plan on taking to achieve your business goals. This practical tool serves as a roadmap, helping to guide your decision-making as you start, manage, and expand your massage business. A good business plan isn’t just a static document that you create and file away, but a dynamic blueprint that evolves with your practice, reflecting changes in the market, client needs, and your own professional growth.
In this blog post, we’ll walk you through the key components of a successful massage therapy business plan. You’ll learn how to articulate your vision, identify your target market, create an executive summary, analyze the competition, and develop effective marketing and financial strategies. Whether you’re a seasoned therapist or just starting out, this guide will equip you with the knowledge to craft a plan that resonates with your unique business goals and drives your massage practice towards a prosperous future.
Many massage therapists, whether solo practitioners or members of a group practice, might view the idea of creating a business plan as either overwhelming or unnecessary. Yet, the reality is quite the opposite. A business plan, even basic one, is an important tool for a new venture. Even if you don’t need to secure funding or meet formal startup requirements, a written business plan will help clarify your vision and strategy for starting a new massage business .
A massage therapy business plan template acts as a strategic guide. It helps you navigate through the entrepreneurial aspects of your practice, something that goes beyond the core massage skills commonly taught in massage training programs. This plan provides a clear picture of where you are now, where you want your business to go, and most importantly, how you’ll get there. Even a simple, one-page plan can keep you on the right track for success.
Remember, your business plan is a living document. It should be revised and updated periodically to reflect the changing needs of your growing massage practice.
*Understanding massage business plans can also enhance your readiness for the FSMTB massage licensing exam. Practical information about the business of massage is covered in the Guidelines for Professional Practice content area of the MBLEx .
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While there’s no one-size-fits-all format, there are certain key components common to the best business plans. Here’s a breakdown of these seven essential elements:
Remember, there’s flexibility in how you approach your plan. Whether it’s a traditional multi-page document or a lean one-pager, the goal is to create something that serves your needs and guides your decisions. A business plan should clarify your goals, fitting seamlessly into your professional life.
Focus on SMART goals – Specific, Measurable, Achievable, Relevant, Time-bound. You are probably familiar with SMART goals from your massage SOAP note documentation, but as a reminder, setting SMART goals means setting goals that are clearly defined ( Specific ), can be tracked and assessed ( Measurable ), are realistic and attainable ( Achievable ), align with your business objectives ( Relevant ), and have a defined timeline for achievement ( Time-bound ). By setting clear, attainable goals with specific timelines, you help turn your vision into actionable steps. This approach ensures that your own business plan becomes a living guide, steering your massage therapy practice toward success with clarity and purpose.
The Executive Summary of your massage business plan is like the cover of a book; it sets the stage for what’s inside. It’s a snapshot of your business, capturing the essence in a concise, compelling manner. Here’s some elements of an effective executive summary:
Role and Structure : The executive summary should be the opening section of your business plan. It needs to be succinct, ideally just one page. Think of it as an elevator pitch in written form. It should briefly touch upon every crucial aspect of your business plan, giving readers a taste of what to expect.
Summarizing Key Aspects : Start with your business’s mission statement – a clear declaration of your massage therapy practice’s purpose and its core values. Then, highlight the key components of your plan: your business model, market analysis, offered services, massage marketing strategy , and financial outlook. Remember, clarity and brevity are your allies here.
Vision and Mission of the Company : Your vision is where you see your massage therapy practice in the future – it’s aspirational. The mission, on the other hand, is about the present – how your business operates and serves clients today. Both should reflect your passion for massage therapy and your commitment to client well-being.
Short- and Long-Term Goals : Outline clear, attainable goals. Short-term goals might include immediate objectives like securing a certain number of clients per month or launching a website. Long-term goals could involve expanding your service offerings, opening a new location, or becoming a recognized name in the massage therapy industry or in your community.
Remember, the executive summary is your chance to impress and engage potential readers, be they investors, partners, or even employees. It should reflect the essence of your massage therapy practice, its ethos, and its path forward.
In the Business Description section of your business plan, you’ll paint a detailed picture of your practice. This is where you describe what your business is, who it serves, and how it stands out in the massage therapy industry. be sure to include the following information:
Each of these models has different operational, financial, and lifestyle implications, and choosing the right one depends on the therapist’s personal preferences, professional goals, and resources.
In making your decision, consider your personal goals, work style, and the kind of massage business you envision. Your choice will shape the nature of your practice and your path to success.
Effective market research and analysis are critical for any massage or bodywork business. This process helps you understand your market environment, ensuring your services meet the needs and preferences of your target audience. The following items belong in this section of your massage business plan:
Conducting Market Research for Massage Therapy : Start by gathering data on the local massage therapy market. This can be done through online research, surveys, and observing local massage therapy practices. Look into industry reports to understand broader trends in the massage therapy industry. Key questions to explore include the most sought-after massage styles and the average pricing in your area.
Analyzing Local Demand and Competition : Assess the demand for local massage therapy services. Are there specific groups of people who are more inclined to seek massage therapy, such as athletes, office workers, or older adults? Then, analyze your competitors. What services do they offer? What are their pricing strategies? Are their appointment books and parking lots full? Understanding your competition helps you find your massage niche and identify opportunities to differentiate your practice (more on this in the next section).
Understanding Client Demographics : Who is your ideal customer? Create client profiles based on factors like age, gender, lifestyle, and health needs. For instance, sports massage will be more popular among athletes, while deep tissue massage could appeal to those with chronic pain. Understanding these demographics helps in tailoring your services and marketing efforts.
Determining What Customers Value : What are clients looking for in a massage therapy session? It could be relaxation, pain relief, or a therapeutic experience. Some might value convenience, such as online booking or flexible hours, while others might value low cost, still others might prioritize the skill and experience of the massage therapist. Knowing what your target customers value most allows you to structure your services and customer experience to meet these expectations.
In summary, market research and analysis enable you to make informed decisions about your massage therapy businesses. It guides you in developing services that resonate with potential clients, setting competitive prices, and crafting effective marketing strategies. Remember, understanding your market is an ongoing process that can significantly contribute to the success and growth of your massage therapy practice.
Competitor analysis, also called competitive analysis , is a critical component in your massage business plan. In order to provide services that are different and better than your competitors, you must first understand what they offer. This analysis helps you position your business strategically in the market.
A thorough competitor analysis helps you to understand where you fit in the massage therapy market. It guides you in making informed decisions about how to outpace your competition, either through improved features, competitive pricing, or unique services. By knowing your competition, you can craft strategies that leverage your strengths and capitalize on market opportunities.
This section of your massage therapy business plan describes and showcases the services you will offer in your practice. It’s crucial to give a detailed breakdown of the services you offer, ensuring they align with market demands and your unique skill set.
Types of Massage Services : Commonly offered services include:
Additional Services and Products : Consider offering complementary services or products that enhance the massage experience. This could include aromatherapy, reflexology, assisted stretching, or selling wellness products like essential oils or ergonomic pillows. Offering a range of products and services allows for a more holistic approach to client care.
Customizing Services : Tailoring your services to meet the specific needs of your clientele is crucial. This could involve offering personalized massage packages, focusing on specific client groups like pregnant women or the elderly, or even integrating alternative therapies. Your expertise and understanding of client needs are what will make your massage therapy services stand out.
In describing your services, focus on how each service addresses specific client needs and the benefits they offer. For instance, emphasize the stress-relieving qualities of traditional Swedish massage or the injury-preventive benefits of sports massage. The goal is to paint a clear picture of what clients can expect and why they should choose your services.
A well-thought-out sales and marketing plan is essential for attracting and retaining clients in your massage therapy business. By leveraging a mix of traditional and digital marketing techniques, you can build a strong client base and grow your practice. Consider discussing the following in this section:
Remember, the most effective marketing strategy is one that resonates with your target audience and aligns with your business values. Regularly evaluate the effectiveness of your marketing efforts and be ready to adjust your strategies to meet the changing needs of your market and business.
Effective financial planning and management are the backbones of a successful massage therapy business. Understanding and managing your finances ensure the stability and growth of your practice. Consider adding the following items to this section of your plan:
Budgeting Basics : Start by creating a budget that outlines all your startup costs, such as rent, massage equipment and supplies , marketing expenses, and getting the best massage liability insurance you can. Once your business is operational, keep track of ongoing expenses like utilities, payroll, and maintenance. Budgeting helps you keep finances under control and plan for future investments.
Revenue Streams and Pricing Strategies : Your main revenue will likely come from the massage therapy services you offer. Consider diversifying your revenue streams by selling related products or offering workshops. When setting prices, research local market rates to remain competitive yet profitable. Adjust your pricing strategy based on your expertise, service quality, and client demand.
Managing Expenses : Keep your expenses in check by regularly reviewing and optimizing them. This might mean negotiating better rates with suppliers, reducing unnecessary expenditures, or investing in energy-efficient equipment.
Financial Forecasting : Develop financial forecasts to predict future revenue and expenses. This helps in setting realistic financial goals and preparing for any potential financial challenges.
Organizational Structure : If your massage therapy practice involves a team, clearly define the organizational structure. Outline the roles and responsibilities of each team member, including management, administrative staff, and other massage therapists. A well-defined structure ensures smooth operations and effective team collaboration.
Management Team Responsibilities : If you have a management team, their responsibilities might include overseeing daily operations, managing finances, creating massage policies and procedures for efficient operations, developing business strategies, and handling problems like client no-shows and missed appointments . Ensure that each team member understands their role and its impact on the business’s success.
Remember, financial health is crucial for the longevity of your massage therapy practice. Regular financial reviews and adjustments will keep you on track towards achieving your business goals.
Are there any easier & simpler alternatives to creating a traditional business plan.
Yes, there are simpler alternatives to creating a traditional, lengthy business plan, especially useful for small businesses or solo entrepreneurs like massage therapists. Here are a few alternatives:
These alternatives are less time-consuming and can be more practical for small businesses or when you’re in the early stages of conceptualizing your business. They provide enough structure to guide your business decisions without the complexity of a full business plan.
Creating a unique value proposition (UVP) for your massage therapy business involves identifying what sets your services apart from others in the market. Start by assessing your skills, specialties, and the aspects of massage therapy you excel at. Maybe you specialize in sports massage, deep tissue techniques, lymphatic drainage massage , or holistic wellness approaches. Consider the client experience you offer – perhaps it’s your personalized care, the tranquil ambiance of your therapy space, or your flexible scheduling. Your UVP should clearly communicate how these unique aspects of your service offer value to your clients. For instance, if your specialty is in therapeutic massage for athletes, your UVP could focus on your expertise in sports-related injury prevention and recovery. The goal is to articulate why a client should choose your services over others.
Identifying and targeting your ideal clients or customer demographic involves a few key steps:
The length of a typical massage therapist business plan can vary depending on the complexity of your business model and your specific needs. However, for most independent massage therapists or small practices, a plan ranging from 10 to 20 pages is often sufficient. It should be detailed enough to cover all essential aspects – including market analysis, financial planning, and marketing strategies – while being concise enough to remain clear and actionable. Remember, your entire business plan should be a practical tool, not just a formal document, so focus on clarity and relevance over length.
Conducting a thorough market analysis for your massage therapy business involves several key actions:
This research will help you tailor your services to meet the specific needs of your market and position your practice competitively.
Yes, you can write a business plan for your massage therapy businesses yourself, especially if you have a clear understanding of your business goals and the massage therapy market. Many massage therapists create their own business plans using available templates and guides tailored to small businesses. However, if you find financial aspects, like revenue forecasting or budgeting, challenging, or if you are planning to seek significant funding, consulting with a professional can be beneficial. They can offer expertise in creating a detailed, compelling plan that aligns with investor expectations. Ultimately, the decision depends on your comfort level with business planning and the complexity of your massage therapy practice.
Choosing the right location for your massage therapy practice is crucial for attracting clients and ensuring a comfortable environment. Consider the following:
Your massage therapy business plan should be a dynamic document, updated regularly. A good rule of thumb is to review and update your plan annually. However, if there are significant changes in your business, like adding new services, changing locations, or shifts in the market or regulatory environment, you should update it accordingly. Regular revisions ensure that your business plan reflects the current state of your practice and the market, helping you make informed decisions and adapt to new opportunities or challenges in the massage therapy industry.
Accurate financial projections are a cornerstone of any effective business plan. Determining these projections helps you strategically plan for growth and financial stability in your massage practice. Choose financial projections that are helpful and meaningful for your individual situation:
These projections help in planning your finances effectively and are essential for monitoring the health and growth potential of your massage therapy business.
A SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) in your massage therapy business plan provides a comprehensive overview of your business’s internal and external environment. This analysis helps you:
Conducting a SWOT analysis helps in strategic planning and decision-making, ensuring a realistic and objective view of your massage therapy business.
To carve out a competitive edge for your massage therapy services in your business plan, start by pinpointing what makes your practice special. Maybe it’s your unique massage techniques or the exceptional level of care you provide to each client. Understanding exactly what your clients value most can help you tailor your services to meet their needs more effectively than your competitors. Don’t forget to showcase your professional credentials and any specialized training you’ve undertaken – these details add to your credibility. Also, weaving in positive feedback and success stories from your clients can really highlight the satisfaction and results you deliver. When it comes to pricing and packages, make sure they stand out against what others are offering, perhaps through added services or special deals. Articulating these points clearly in your business plan will not only showcase what you bring to the table but also position you as the go-to therapist for potential clients.
When writing a massage therapy business plan, avoid these common mistakes :
When crafting goals for your massage therapy business plan, first take a good look at where you currently stand – consider your skills, what resources you have, and how you fit into the market. Use the SMART method to shape your goals: be specific, make them measurable, achievable, relevant, and time-bound – like, say, aiming for a 20% increase in clients over the next six months. Also, keep an eye on the industry norms for growth and success to make sure your targets are in line with what’s achievable in your field. It’s important to set goals that are a stretch but still within your reach, so you don’t spread yourself too thin. And remember, staying flexible is key; be ready to tweak your goals based on the feedback you get from your clients and any changes in the market trends. This way, you’re setting yourself up for growth that’s not just ambitious but also sustainable.
To make your massage therapy business plan appealing to investors or lenders, focus on these key areas. First, ensure your financials are front and center – show your revenue expectations, how you plan to break even, and the different ways you’ll bring in money. It’s also crucial to demonstrate you’ve got a handle on the market – who your customers are and what they’re looking for. Highlight what makes your massage services stand out from the crowd. Address any potential risks head-on and explain your strategies to manage them, showing you’re prepared for different scenarios. Don’t forget to talk up your own skills and experience in massage therapy, as this builds confidence in your ability to succeed. And if it makes sense for your business, lay out a clear exit plan for investors, giving them an idea of the potential return they can expect on their investment.
Key metrics to track in your massage therapy business plan for long-term success include:
Tracking these metrics provides insights into your business’s health and areas for improvement.
As we reach the end of our guide on creating a successful massage business plan, let’s briefly revisit the key points. Your business plan should clearly outline your massage therapy services, market analysis, financial strategies, and marketing plans. It should reflect your vision for the practice, your understanding of the market, and how you plan to stand out in the massage therapy industry. Remember, the goal is to create a plan that is both realistic and adaptable to changing circumstances.
Consider this plan a living document, one that evolves as your business grows and market dynamics shift. Regularly revisiting and updating your business plan keeps your practice aligned with your goals and responsive to new opportunities.
Now is the perfect time to start drafting your plan. Use the insights and tips shared in this guide as your starting point. Remember, the journey of building a thriving massage therapy practice begins with a well-thought-out plan. Embrace the process, and watch as your vision for a successful massage therapy business comes to life.
Each of these resources offers unique insights and tools that can be beneficial in creating a comprehensive business plan for a massage therapy practice.
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Industry • Best Practice
Nov.17.2022
You have the vision and the talent necessary to turn your ambition into a thriving enterprise. But if you don’t know how to write a business plan for massage therapy, you may be in danger of skipping the most important steps of starting your massage business . We know, we know; you didn’t get into this line of work to spend your time perusing spreadsheets and strategic statements. Thankfully, it may take less than you think to lay out a massage therapy business plan that will set your business up for success for years to come.
You need a business plan for your massage business because it is the foundational document for your new enterprise. It shows others (and reminds yourself) how you’ll start and build your business today, next month, a year from now, and beyond. A massage therapy business plan will help you set goals for the milestones you wish to reach and make changes to best achieve those goals. And, in the most practical and financial of terms, if you want to convince investors to seed money into your business, they will expect nothing less than a spotless business plan.
Now that you know why you need a massage therapist business plan, here’s a clear list of steps to follow to make your own, complete with real-world examples.
Think of the executive summary as the grand opening to your business plan. It’s the first impression you make on a reader, which means you should highlight the most engaging parts of your business. Let people know what you intend to accomplish, both fiscally and in the context of the local community. Explain why you’re excited and don’t be afraid to go big in your vision.
The way Elements Massage uses its About Us page to let potential customers understand its unique vision is one great massage therapy business plan example to follow. The franchise emphasizes the quality of massages it offers, backed up by the four pillars of the “Elements Way” that inform its every service. You feel like you know exactly what drives this business even before you step through its doors.
You know you want to start a massage therapy business, but what will your daily work look like? Will your business be part of a day spa, offering a range of additional experiences like facial treatments and saunas? Will it be a mobile business where you bring your materials to clients’ homes or offices, meeting customers where it’s most convenient for them?
Answering these questions early will help both you and potential investors determine what kind of funding you may need to create a feasible business. For instance, it costs a lot more to open a brick-and-mortar location staffed by fellow massage therapists than to do business out of your trunk.
What kind of customer are you trying to serve with your massage therapy business? Here are some specific questions to ask while envisioning your ideal clientele.
How old are they?
What do they do for a living?
Where do they live?
What’s their annual income?
What life stage are they in?
Once you start identifying these specific elements, you can create a customer persona. This will be an essential tool to return to throughout your process as you consider how best to meet the needs of the people interested in your services.
Keep in mind that your ideal customer may change as your business develops, and the conditions around them may evolve, too. Take note of the way Massage Envy created campaigns that targeted previous customers who stopped receiving massage therapy during the pandemic , showcasing why it might be time to get a massage again. By identifying its clients, Massage Envy always knows who to get the message out to.
Massage is a broad umbrella. Specialists can perform Swedish massage, deep tissue massage, hot stone massage, shiatsu massage, and many more types of service. What kind of experiences will your particular business specialize in, and what kind of clientele will be more inclined to use them?
Go back to your customer persona here and see how that shapes who your planned services will cater to versus the type of clients you most want to have. This is also a good time to begin considering how you will handle booking for your appointments . It’s the first point of interaction many clients have with your brand, so you want to make sure it’s one that leaves them excited to come in and continue the relationship, rather than exhausted and glad this part of the process is done.
If you’re planning to go the brick-and-mortar route, your choice of location is paramount. Return once more to your customer persona: What kind of storefront, and what kind of area, will serve best for attracting your ideal client? A trendy downtown location will mean high foot traffic and plenty of opportunities for drop-ins, but that won’t do you much good if most of your services require scheduling in advance.
If you’re planning to operate in clients’ homes and offices instead, determine how broad of an area you’ll serve. You can only go so far for a client before it no longer makes business sense, but reaching out to massage business contacts in nearby areas could help you set up a mutual beneficial referral arrangement. Whether brick-and-mortar or mobile, be sure to research your competition in the area before setting up shop.
OK. We can’t put off talking about it any longer. Your massage therapist business plan also needs a detailed accounting of your finances. You might need to take out loans, apply for grants, or even tap into savings to get a business off the ground before investors will bite, and that’s OK — as long as you plan for it ahead of time. Success isn’t guaranteed overnight, so it's important to plot out best and worst case scenarios for at least a few years in advance, based on ranges for your potential income as well as rent, utilities, and other ongoing expenses.
Turning to another brand name in the space, MassageLuXe’s financial reporting reveals detailed information for new franchisees and their upfront investment . The report breaks down the low and high end of expected expenses across categories, which is helpful for arriving at estimates for your own business even if it won’t be part of a franchise.
It’s never too early to start planning how to make your business even bigger and better. Get your free copy of The Ultimate Growth Playbook for Beauty Businesses today.
Looking to start a massage therapy business but don't know where to begin? If so, you'll be glad to know that there is a comprehensive and easy-to-follow template & guidebook that makes starting your business a breeze. The #1 Massage Therapy Business Plan Template & Guidebook will provide you with the tools and resources you need to create your own successful massage therapy business. Learn more about this must have plan and see how it can help you get started right away.
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1. describe the purpose of your massage therapy business..
The first step to writing your business plan is to describe the purpose of your massage therapy business. This includes describing why you are starting this type of business, and what problems it will solve for customers. This is a quick way to get your mind thinking about the customers’ problems. It also helps you identify what makes your business different from others in its industry.
It also helps to include a vision statement so that readers can understand what type of company you want to build.
Here is an example of a purpose mission statement for a massage therapy business:
Our mission at ABC Massage Therapy is to provide the highest quality of massage services that promote health, wellness, and relaxation for all of our clients. We strive to create an environment where our clients can experience deep relaxation while they receive personalized massage treatments. We are committed to using only the best products and techniques in order to ensure that our clients get the most effective and beneficial massage experience possible.
The next step is to outline your products and services for your massage therapy business.
When you think about the products and services that you offer, it's helpful to ask yourself the following questions:
You may want to do a comparison of your business plan against those of other competitors in the area, or even with online reviews. This way, you can find out what people like about them and what they don’t like, so that you can either improve upon their offerings or avoid doing so altogether.
If you don't have a marketing plan for your massage therapy business, it's time to write one. Your marketing plan should be part of your business plan and be a roadmap to your goals.
A good marketing plan for your massage therapy business includes the following elements:
Next, you'll need to build your operational plan. This section describes the type of business you'll be running, and includes the steps involved in your operations.
In it, you should list:
The second part of your massage therapy business plan is to develop a management and organization section.
This section will cover all of the following:
This section should be broken down by month and year. If you are still in the planning stage of your business, it may be helpful to estimate how much money will be needed each month until you reach profitability.
Typically, expenses for your business can be broken into a few basic categories:
Startup Costs
Startup costs are typically the first expenses you will incur when beginning an enterprise. These include legal fees, accounting expenses, and other costs associated with getting your business off the ground. The amount of money needed to start a massage therapy business varies based on many different variables, but below are a few different types of startup costs for a massage therapy business.
Running & Operating Costs
Running costs refer to ongoing expenses related directly with operating your business over time like electricity bills or salaries paid out each month. These types of expenses will vary greatly depending on multiple variables such as location, team size, utility costs, etc.
Marketing & Sales Expenses
You should include any costs associated with marketing and sales, such as advertising and promotions, website design or maintenance. Also, consider any additional expenses that may be incurred if you decide to launch a new product or service line. For example, if your massage therapy business has an existing website that needs an upgrade in order to sell more products or services, then this should be listed here.
A financial plan is an important part of any business plan, as it outlines how the business will generate revenue and profit, and how it will use that profit to grow and sustain itself. To devise a financial plan for your massage therapy business, you will need to consider a number of factors, including your start-up costs, operating costs, projected revenue, and expenses.
Here are some steps you can follow to devise a financial plan for your massage therapy business plan:
Why do you need a business plan for a massage therapy business.
A business plan for a massage therapy business is essential for setting clear goals, outlining the resources and cost needed to reach those goals, and evaluating progress along the way. It also serves as a roadmap for starting and operating a massage therapy business, as it lays out the steps needed to ensure success. Additionally, because lenders, investors, and other stakeholders may need to review the plan in order to make decisions or provide support, having a thorough and well-thought-out business plan is important.
It is advisable to seek professional help when developing a business plan. Look for an experienced business consultant who specializes in massage therapy businesses. They will have the expertise and experience necessary to guide you through the process of creating a comprehensive and successful plan.
Yes, it is possible to write a massage therapy business plan yourself. You will need to research the market and come up with a sound strategy for growing your business. You will also need to identify who your target customers are, determine your pricing strategy and create a marketing plan. Additionally, you will need to develop an operational plan that outlines how you will manage all aspects of your business including staffing, scheduling, accounting and quality control. Finally, you may want to consult a financial advisor or accountant to help you create a financial model that reflects the goals and objectives of your business.
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Healing Touch Massage is a sole proprietorship owned by Lavinia Watkins, LMT. Ms. Watkins has been a Licensed Massage Therapist in the State of Oregon since July 1984, and has run the business from a home-based location since then. The business has consistently been profitable since its inception.
We offer massage in a variety of styles – traditional Swedish Massage, Deep Tissue work, Sports Massage, Hot Stone Massage, Reflexology, and others.
This massage therapy business plan is being used to explore the cost effectiveness of expanding by moving the business into a downtown location. This would make the services more accessible to people who work full time, and also make the office more convenient for clients with medically-ordered massage therapy. Billing insurance companies for medically required massage is lucrative, but the nature of the therapy – usually 15 to 30 minute sessions, focused on a specific body area, with a short-term duration – makes it imperative that the clients can get in to see the therapist over their lunch hour or during their work day.
Our mission is to run a profitable business by providing therapeutic massage in a caring, professional environment. We offer massage in a variety of styles – traditional Swedish Massage, Deep Tissue work, Sports Massage, Hot Stone Massage, Reflexology, and others. Our goal is to tailor the client’s experience based on initial interview information, as well as in-the-minute feedback during the massage, to insure the client’s comfort and satisfaction, and to increase repeat business. We intend to offer massage that is effective, yet respectful of the client’s personal boundaries, so that the experience is relaxing and energizing for both the client and the provider. We are mindful of the overall experience – using quality oils and lotions, appropriate scents, and soothing music, nature sounds or silence – as the client prefers.
Healing Touch Massage is a Sole Proprietorship owned by Lavinia Watkins, LMT. Ms. Watkins has been a Licensed Massage Therapist in the State of Oregon since July, 1984, and has run the business from a home-based location since then. In the years since first obtaining her license, Ms. Watkins has consistently taken more Continuing Education classes than required to continue her degree, and has studied a wide variety of massage and other therapeutic techniques, including: Shiatsu, Deep Tissue, Sports Massage, Reiki, Watsu, Acupressure, Reflexology, and Integrated Breathing. As a result, Ms. Watkins has is adept in a wide range of massage styles, and can tailor each massage to the client’s needs and preferences.
Lavinia Watkins, LMT, owner of Healing Touch Massage, has been licensed by the State of Oregon since July 1984. An initial (and expensive!) advertising blitz in the local paper helped Ms. Watkins establish an initial clientele, many of whom are still clients, some of whom she continues to offer in-home service. The bulk of her clients come to her home office, and her advertising has been primarily word of mouth for a number of years. Volunteering to work at local track and bicycle events in the late 80s established her reputation as a Sports Masseuse, and attracted another group of long-term repeat clients. In 1993, Ms. Watkins began to make contact among the local chiropractors, orthopedic surgeons, and other medical professionals in an effort to build her referrals of “medically-necessary” massage.
The increased in popularity of Section 125 and other “cafeteria plans” has given rise in recent years to clients who are able to afford regular massage by using these “pre-tax” dollar plans to increase their discretionary spending budgets for massage.
In 2000, Ms. Watkins became affiliated with the American Health Specialties Network, whose website is: http://www.ashn.com. This increased her exposure to clients with health insurance coverage that have Alternative Care coverage, and also greatly decreased the time lag and difficulties usually associated with filing insurance billing claims.
Ms Watkins is now looking at moving to a downtown location, to further increase her availability to short-term clients referred my medical professionals.
Past Performance | |||
2000 | 2001 | 2002 | |
Sales | $32,000 | $35,000 | $39,000 |
Gross Margin | $28,000 | $31,058 | $34,320 |
Gross Margin % | 87.50% | 88.74% | 88.00% |
Operating Expenses | $6,500 | $6,800 | $7,000 |
Collection Period (days) | 0 | 0 | 0 |
Balance Sheet | |||
2000 | 2001 | 2002 | |
Current Assets | |||
Cash | $500 | $350 | $1,000 |
Accounts Receivable | $200 | $350 | $500 |
Other Current Assets | $50 | $50 | $50 |
Total Current Assets | $750 | $750 | $1,550 |
Long-term Assets | |||
Long-term Assets | $1,200 | $1,500 | $2,000 |
Accumulated Depreciation | $1,100 | $1,150 | $1,200 |
Total Long-term Assets | $100 | $350 | $800 |
Total Assets | $850 | $1,100 | $2,350 |
Current Liabilities | |||
Accounts Payable | $50 | $50 | $50 |
Current Borrowing | $0 | $0 | $0 |
Other Current Liabilities (interest free) | $0 | $0 | $0 |
Total Current Liabilities | $50 | $50 | $50 |
Long-term Liabilities | $0 | $0 | $0 |
Total Liabilities | $50 | $50 | $50 |
Paid-in Capital | $800 | $1,000 | $1,200 |
Retained Earnings | $0 | $50 | $1,100 |
Earnings | $0 | $0 | $0 |
Total Capital | $800 | $1,050 | $2,300 |
Total Capital and Liabilities | $850 | $1,100 | $2,350 |
Other Inputs | |||
Payment Days | 0 | 0 | 0 |
Sales on Credit | $0 | $0 | $0 |
Receivables Turnover | 0.00 | 0.00 | 0.00 |
Healing Touch Massage is a Sole Proprietorship owned by Lavinia Watkins, LMT.
The planned move to a downtown location will facilitate access by clients recovering from injuries. We have identified this as a lucrative target market because they usually are funded by insurance claims, and represent repeat visits for a duration of up to one year. Because this group very often needs multiple, short sessions for a series of weeks or months, a downtown location would make us convenient for mid-day appointments.
It is also quite probable that other clients who work during the day would be more likely to book a day-time massage when we are more conveniently located to their place of work. Since the number of day time slots far exceeds the number of evening slots, this is increased business we would be able to book in addition to our current clients.
Clients who come for massage fall into four basic groups:
Market Analysis | |||||||
2003 | 2004 | 2005 | 2006 | 2007 | |||
Potential Customers | Growth | CAGR | |||||
Injury Recovery | 3% | 156 | 161 | 166 | 171 | 176 | 3.06% |
Self-pampering | 5% | 300 | 315 | 331 | 348 | 365 | 5.03% |
Alternative Care | 5% | 144 | 151 | 159 | 167 | 175 | 5.00% |
Athletes | 2% | 180 | 184 | 188 | 192 | 196 | 2.15% |
Other | 0% | 0 | 0 | 0 | 0 | 0 | 0.00% |
Total | 3.99% | 780 | 811 | 844 | 878 | 912 | 3.99% |
The Injury recovery group is usually referred by a Chiropractor, self-referred through our listing on the American Specialty Health Network site, or referred by another client who found massage helpful during an injury recovery. So the marketing to this audience is done indirectly, through the referring parties. While car insurance will typically pay for massage for only a limited time period (less than one year), many health insurance policies now have Alternative Care coverage with a renewable annual maximum. And Cafeteria Plans will reimburse for “medically necessary” massage – which is a bit ironic since few, if any, medical doctors will proactively recommend massage, but most will be willing to sign off on a recommendation, if specifically asked by their patients. The rapid turnover of this group is offset by the fact that they will pay top dollar per session. The key is to keep getting new referrals.
Clients who have the disposable income to indulge in massage for self-pampering or relaxation are the core of our long-term repeat customers. These clients will come once a week to once a month for years, and often refer other family and friends. The difficulty working with these clients comes from the ‘familiarity breeds contempt” factor – they can believe they deserve lower rates, cancellations of short or no notice, and can come to seem as friends, rather than clients. The challenge here is maintain a professional relationship, while encouraging the warmth and personal connection that is as much a part of their experience as the actual massage. This type of client can be difficult to find – an ad in the local alternative news weekly (especially with a coupon for $5 off ) or a donation to a charity auction may result in a one-time visit, or a long-term client. Another source of usually one-time visitors is the Gift Certificate – friends pampering friends for a birthday or other special occasion.
The third group are Alternative Care users. These are people who mistrust allopathic medicine, and prefer to use chiropractors, naturopaths, herbalists, acupuncturists. A local networking group of alternative care providers is a great way to get referrals, as well as placing posters on other practitioners offices, and ads in the local alternative newspaper. The problem with this group is that they can tend to have relatively small disposable incomes, so that a massage once every two months may be all they can afford. A relatively large pool of these clients will book only 20% of the available appointments in any given month.
The final group is another backbone of this business – the amateur athletes. There is a large population of runners and bicyclists in the local areas, as well as out-of-town participants who return for annual events, and book massages during those times. This business tends to be slightly seasonal – as most amateur athletes will only train, or gear-up their training during the Spring and Summer months. However, they are a very loyal group, and will readily give word-of-mouth recommendations, especially if they see massage as having given them a specific boost to their performance. This group will cross over from the Injury group, and become long-term clients after the specific initial injury has healed. They also tend to have chronic injuries or pain, especially as they age, which can help them become repeat clients.
The massage industry consists of several dozens of individual therapists working out of home or private offices, in addition to LMTs working in chiropractors’ offices, gyms, beauty salons, and other venues.
Additional massage services are offered by graduates of specialty schools; Rolfers, Breath Managers, Hakomi Therapists, as well as Physical Therapists.
Fortunately, massage is a very personal service, and different clients are attracted to different techniques and personalities. Healing Touch Massage offers the unique services of Lavinia Watkins, LMT, which cannot be duplicated by any other practitioner.
This business is becoming increasingly easy to “break into,” since obtaining the training necessary for licensing is not all that arduous, nor difficult to maintain. But while getting the credentials and equipment necessary to start a new massage business is easy, establishing a clientele is not, so our established practice of over 20 years duration helps us compete with the ever-available flow of LMTs graduating from local schools.
The key element in purchase decisions made by potential massage clients is trust in the professional reputation, and ultimately, in the skill and knowledge of the provider as experienced in the initial massage. For this reason, a discount coupon or donation to a charity auction can be an effective way to troll the waters for new clients. Recommendations from other clients and alternative health service providers is also critical.
While there is a range of prices charged for massage service in the area, there is some price sensitivity among the long-term clientele. Since the variable cost of each massage is nominal, the best bet has seemed to be to charge less than the market will bear. The one exception is when billing insurance companies, where there is no penalty for charging the full Reasonable and Customary Rates for the area.
Clients rarely compare massage therapists directly, although they may try a second LMT if they are not entirely happy with their first experience. Usually they follow word-of-mouth recommendations, and return for repeat sessions as often as their budget allows.
If, as it has been said, the top three items which determine success in business are location, location, and location, then the planned move to a downtown location represents our top marketing strategy. By being more available to working clients, and by making the other health professionals who will refer those clients to us aware of our new location, we literally make ourselves accessible to more business.
Once a client experiences the level of personalized care that we offer, we are confident that we will have a return client, for as long as their funding holds out. And since we have seen many clients who began as insurance-paid injury-recovery cases turn into regular self-paying clients, we believe this will serve our long-term goal of increasing business also.
This is another section where mission and passion create the same results as “Marketing.” Our “competitive edge” is our ability to give intuitive massage – to sense in the client’s musculature, posture and presence what work is needed – where the pain is, where the tension is. There is a way that years of study of technique combine with a deep knowledge of kinesiology and anatomy, that is then synthesized with an acute sense of empathy and ability to “read” people that enables us to provide a massage experience that is exactly what each client needs at that given moment.
We have repeatedly heard of word-of-mouth recommendations bringing in new clients with words like “magic hands” and “a higher sense of healing.”
The change to having an outside-the-home office in a downtown location is both exhilarating and a bit scary. It will definitely make Healing Touch Massage accessible to more clients – and hopefully, the top-end, insurance-paid clients. But can we also retain the long-term clients who feel ‘at home” in our home office after all these years? We believe so.
Critical to the success of the move to a new location with be the maintenance of referral – creating contacts with other health care providers, especially chiropractors. Also, researching the possibility of becoming a Preferred Provider with other health insurance companies that offer Alternative Care to their members will be critical. Any opportunity to convince allopathic physicians – MDs – to see massage as having long-term healing benefits for their patients will also be taken, since they hold to key to having massage paid for as “medically necessary.”
It can be difficult to think of offering the best possible massage service as a sales strategy, since that is also the mission and personal passion of the owner of Healing Touch Massage. Each client comes with a specific personal agenda, both emotional and physical, and the goal is to “read” that client, and provide the pain relief, relaxation, and feeling of increased well-being that will allow that client to leave feeling satisfied.
This is one business where the service IS the sales technique. It is impossible NOT to offer completely customized services, since each client will present a unique body to be worked on. Of course, the total environment in which the service is offered – smells, lighting, sounds, feel of the linens and oils, emotional presence of the therapist – all combine with the techniques of actual tissue manipulation and knowledge of the musculo-skeletal systems to create the client’s experience.
The following table and charts give a run-down on forecasted sales. We expect sales to remain fairly stable, as the practice is relatively “full” for the present. We anticipate moving into the new downtown location in 2004. This move to a location more convenient for mid-day appointments should increase our injury/insurance billing by 50%, and our self-pampering group by at least 5%.
There is also a bit of seasonality – athletes tend to get more massage during the Spring and Summer “performance” months. Also, we have regularly experienced a slight increase in late December, January, and May due to Gift Certificates purchased for the holidays and Mothers Day.
Sales Forecast | |||
2003 | 2004 | 2005 | |
Sales | |||
Injury Recovery | $9,480 | $14,220 | $21,330 |
Self-pampering | $15,300 | $16,065 | $16,868 |
Altenative Care | $7,200 | $7,200 | $7,200 |
Athletes | $7,700 | $7,700 | $7,700 |
Total Sales | $39,680 | $45,185 | $53,098 |
Direct Cost of Sales | 2003 | 2004 | 2005 |
Linens | $1,500 | $1,650 | $1,815 |
Oils & Lotions | $200 | $220 | $242 |
Insurance Billing | $480 | $528 | $581 |
Subtotal Direct Cost of Sales | $2,180 | $2,398 | $2,638 |
Healing Touch Massage is a sole proprietorship owned by Lavinia Watkins, LMT. Ms. Watkins has been a Licensed Massage Therapist in the State of Oregon since July 1984. Ms. Watkins has consistently taken more Continuing Education classes than required to continue her degree, and has studied a wide variety of massage and other therapeutic techniques, including: Shiatsu, Deep Tissue, Sports Massage, Reiki, Watsu, Acupressure, Reflexology, and Integrated Breathing.
Ms. Watkins currently holds certificates of completion of the Advanced level training from the prestigious Boulder School of Sports Massage, a Second Level Reiki Degree, and 30 hours of Watsu training. She is also an avid practitioner of Ki Akido, and a member of the Eugene Zendo. She hold a BA degree from University of California, Riverside in Urban Studies, with a minor in Business. She is a member of the Oregon Association of Alternative Practitioners, and of the American Massage Therapy Association.
Personnel Plan | |||
2003 | 2004 | 2005 | |
Owner Draw | $30,000 | $30,000 | $33,500 |
Other | $0 | $0 | $0 |
Total People | 0 | 0 | 0 |
Total Payroll | $30,000 | $30,000 | $33,500 |
The following Financial Plan represents a continuation of actual business revenues and expenses for the remainder of 2003, and then a planned increase in both revenues and expenses as a result of a location change.
Another scenario for maintaining income to match the increased expenses of the new downtown location would be to sublet part of the space to another LMT or complementary health care provider. A third scenario would be to try out a downtown location by subletting office space from a chiropractor or in an existing LMT office. Since these last two scenarios are mutually exclusive to the first, preferred plan, they are not reflected in financial plans presented here.
The financial plan depends on important assumptions, most of which are shown in the following table as annual assumptions.
The collection days are for insurance billings only, and not a factor we can influence easily. Interest rates, tax rates, and personnel burden are based on conservative assumptions.
Two of the more important underlying assumptions are:
General Assumptions | |||
2003 | 2004 | 2005 | |
Plan Month | 1 | 2 | 3 |
Current Interest Rate | 5.00% | 5.00% | 5.00% |
Long-term Interest Rate | 5.65% | 5.65% | 5.65% |
Tax Rate | 28.17% | 28.00% | 28.17% |
Other | 0 | 0 | 0 |
The following chart and table summarize our break-even analysis. Because this business has been run from a home office, the fixed costs for rent and utilities have been moderate. As we move the business into a downtown location, the fixed costs will rise substantially.
The break-even assumes minimal variable costs: linens and massage oil. If having a downtown office increases the number of clients paid for by insurance, there will be additional costs per client for claims processing.
Break-even Analysis | |
Monthly Revenue Break-even | $3,101 |
Assumptions: | |
Average Percent Variable Cost | 5% |
Estimated Monthly Fixed Cost | $2,931 |
Sales and expenses for 2003 are projected from YTD actuals, and seasonal variations noted over the last few years. The big change comes in 2004 and 2005, with the addition of a downtown office, which will increase the rent dramatically. As noted in the Sales Forecast, the expectation is that the number of Insurance Billing clients will rise as the business becomes more convenient for short, mid-day appointments.
There is no personnel cost other than the owner’s draw, as the company is a sole proprietorship. Payroll taxes are calculated at 15%, however, as Self Employment Taxes (FICA) must also be paid. Estimated taxes will be paid quarterly, although they are calculated monthly on this table.
Not included on this table is the scenario where the Insurance Billing clients do not increase sufficiently quickly to cover the increased cost of rent. At some point, the decision could be made to rent out part of the office space, or rent the entire space to another massage therapist for set times during the week, which would offset the same costs. If a lease needs to be signed, which is most likely for the 2004 year, it will be for one year only, to minimize the risk if the anticipated increase in Insurance Billing clients does not occur.
Pro Forma Profit and Loss | |||
2003 | 2004 | 2005 | |
Sales | $39,680 | $45,185 | $53,098 |
Direct Cost of Sales | $2,180 | $2,398 | $2,638 |
Other Costs of Sales | $0 | $0 | $0 |
Total Cost of Sales | $2,180 | $2,398 | $2,638 |
Gross Margin | $37,500 | $42,787 | $50,460 |
Gross Margin % | 94.51% | 94.69% | 95.03% |
Expenses | |||
Payroll | $30,000 | $30,000 | $33,500 |
Sales and Marketing and Other Expenses | $550 | $600 | $600 |
Depreciation | $50 | $50 | $50 |
Rent (inc Utilities) | $2,400 | $9,600 | $9,900 |
Insurance | $636 | $800 | $1,000 |
Payroll Taxes | $335 | $30 | $429 |
Other | $1,200 | $1,500 | $2,000 |
Total Operating Expenses | $35,171 | $42,580 | $47,479 |
Profit Before Interest and Taxes | $2,329 | $207 | $2,981 |
EBITDA | $2,379 | $257 | $3,031 |
Interest Expense | $0 | $0 | $0 |
Taxes Incurred | $656 | $58 | $840 |
Net Profit | $1,673 | $149 | $2,141 |
Net Profit/Sales | 4.22% | 0.33% | 4.03% |
The following Cash Flow table shows us with a consistent positive Cash Flow throughout the transition. Because the business is a sole proprietorship, the amounts listed as “payroll” are, in fact, owner’s draw, so they are obviously the area of cash flow where adjustments are, and will be, made if the Cash Flow becomes tight.
We do list a marked increase in outflow of Cash for the purchase of Fixed Assets in 2004. These would be for fixtures and lease improvement to whatever new space we rent for our new downtown location. Since all of the equipment we currently use is portable, this additional cost is fairly moderate, since it mostly represents cosmetic improvements. There is a possibility that the landlord would do many of the improvements before we moved in, in exchange for an increase in the monthly rent, which would flatten out the cash outflow a bit.
Pro Forma Cash Flow | |||
2003 | 2004 | 2005 | |
Cash Received | |||
Cash from Operations | |||
Cash Sales | $34,522 | $39,311 | $46,195 |
Cash from Receivables | $4,843 | $5,761 | $6,740 |
Subtotal Cash from Operations | $39,364 | $45,072 | $52,936 |
Additional Cash Received | |||
Sales Tax, VAT, HST/GST Received | $0 | $0 | $0 |
New Current Borrowing | $0 | $0 | $0 |
New Other Liabilities (interest-free) | $0 | $0 | $0 |
New Long-term Liabilities | $0 | $0 | $0 |
Sales of Other Current Assets | $0 | $0 | $0 |
Sales of Long-term Assets | $0 | $0 | $0 |
New Investment Received | $0 | $0 | $0 |
Subtotal Cash Received | $39,364 | $45,072 | $52,936 |
Expenditures | 2003 | 2004 | 2005 |
Expenditures from Operations | |||
Cash Spending | $30,000 | $30,000 | $33,500 |
Bill Payments | $7,411 | $14,350 | $17,208 |
Subtotal Spent on Operations | $37,411 | $44,350 | $50,708 |
Additional Cash Spent | |||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 |
Principal Repayment of Current Borrowing | $0 | $0 | $0 |
Other Liabilities Principal Repayment | $0 | $0 | $0 |
Long-term Liabilities Principal Repayment | $0 | $0 | $0 |
Purchase Other Current Assets | $0 | $0 | $0 |
Purchase Long-term Assets | $0 | $2,000 | $2,000 |
Dividends | $0 | $0 | $0 |
Subtotal Cash Spent | $37,411 | $46,350 | $52,708 |
Net Cash Flow | $1,953 | ($1,279) | $228 |
Cash Balance | $2,953 | $1,675 | $1,903 |
The only Accounts Receivable carried is any Insurance Billings that are not paid during the month. It is rare for insurance companies to take more than 6 weeks to pay, and some pay as quickly as 10 working days, so these numbers assume that they will pay in 30 days.
The Accounts Payable is for linens (paid monthly) and lotions/supplies (usually purchased quarterly).
We assume that there will be some additional expenses, in the form of long-term assets purchased, when we move to the new office in 2004.
Pro Forma Balance Sheet | |||
2003 | 2004 | 2005 | |
Assets | |||
Current Assets | |||
Cash | $2,953 | $1,675 | $1,903 |
Accounts Receivable | $816 | $929 | $1,092 |
Other Current Assets | $50 | $50 | $50 |
Total Current Assets | $3,819 | $2,654 | $3,044 |
Long-term Assets | |||
Long-term Assets | $2,000 | $4,000 | $6,000 |
Accumulated Depreciation | $1,250 | $1,300 | $1,350 |
Total Long-term Assets | $750 | $2,700 | $4,650 |
Total Assets | $4,569 | $5,354 | $7,694 |
Liabilities and Capital | 2003 | 2004 | 2005 |
Current Liabilities | |||
Accounts Payable | $596 | $1,232 | $1,431 |
Current Borrowing | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 |
Subtotal Current Liabilities | $596 | $1,232 | $1,431 |
Long-term Liabilities | $0 | $0 | $0 |
Total Liabilities | $596 | $1,232 | $1,431 |
Paid-in Capital | $1,200 | $1,200 | $1,200 |
Retained Earnings | $1,100 | $2,773 | $2,922 |
Earnings | $1,673 | $149 | $2,141 |
Total Capital | $3,973 | $4,122 | $6,264 |
Total Liabilities and Capital | $4,569 | $5,354 | $7,694 |
Net Worth | $3,973 | $4,122 | $6,264 |
The following table shows the projected businesses ratios. We expect to maintain healthy ratios for profitability, risk, and return. The ratios for the initial year of growth are, of course, not as favorable as the second year. And if we cannot maintain healthy ratios during that growth phase, a return to the lesser level of expenses we have historically had in a home-based business can be returned to. Industry profile ratios based on the Standard Industrial Classification (SIC) code 8049.02, Physical therapists, are shown for comparison.
Ratio Analysis | ||||
2003 | 2004 | 2005 | Industry Profile | |
Sales Growth | 1.74% | 13.87% | 17.51% | 5.93% |
Percent of Total Assets | ||||
Accounts Receivable | 17.85% | 17.35% | 14.19% | 26.64% |
Other Current Assets | 1.09% | 0.93% | 0.65% | 42.05% |
Total Current Assets | 83.59% | 49.57% | 39.57% | 73.17% |
Long-term Assets | 16.41% | 50.43% | 60.43% | 26.83% |
Total Assets | 100.00% | 100.00% | 100.00% | 100.00% |
Current Liabilities | 13.05% | 23.01% | 18.59% | 29.42% |
Long-term Liabilities | 0.00% | 0.00% | 0.00% | 19.99% |
Total Liabilities | 13.05% | 23.01% | 18.59% | 49.41% |
Net Worth | 86.95% | 76.99% | 81.41% | 50.59% |
Percent of Sales | ||||
Sales | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin | 94.51% | 94.69% | 95.03% | 100.00% |
Selling, General & Administrative Expenses | 90.28% | 94.36% | 90.99% | 79.27% |
Advertising Expenses | 0.00% | 0.00% | 0.00% | 0.46% |
Profit Before Interest and Taxes | 5.87% | 0.46% | 5.61% | 3.28% |
Main Ratios | ||||
Current | 6.40 | 2.15 | 2.13 | 1.95 |
Quick | 6.40 | 2.15 | 2.13 | 1.55 |
Total Debt to Total Assets | 13.05% | 23.01% | 18.59% | 5.28% |
Pre-tax Return on Net Worth | 58.61% | 5.03% | 47.60% | 60.60% |
Pre-tax Return on Assets | 50.96% | 3.87% | 38.75% | 13.40% |
Additional Ratios | 2003 | 2004 | 2005 | |
Net Profit Margin | 4.22% | 0.33% | 4.03% | n.a |
Return on Equity | 42.11% | 3.62% | 34.19% | n.a |
Activity Ratios | ||||
Accounts Receivable Turnover | 6.32 | 6.32 | 6.32 | n.a |
Collection Days | 59 | 54 | 53 | n.a |
Accounts Payable Turnover | 13.34 | 12.17 | 12.17 | n.a |
Payment Days | 27 | 22 | 28 | n.a |
Total Asset Turnover | 8.68 | 8.44 | 6.90 | n.a |
Debt Ratios | ||||
Debt to Net Worth | 0.15 | 0.30 | 0.23 | n.a |
Current Liab. to Liab. | 1.00 | 1.00 | 1.00 | n.a |
Liquidity Ratios | ||||
Net Working Capital | $3,223 | $1,422 | $1,614 | n.a |
Interest Coverage | 0.00 | 0.00 | 0.00 | n.a |
Additional Ratios | ||||
Assets to Sales | 0.12 | 0.12 | 0.14 | n.a |
Current Debt/Total Assets | 13% | 23% | 19% | n.a |
Acid Test | 5.04 | 1.40 | 1.36 | n.a |
Sales/Net Worth | 9.99 | 10.96 | 8.48 | n.a |
Dividend Payout | 0.00 | 0.00 | 0.00 | n.a |
Sales Forecast | |||||||||||||
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
Sales | |||||||||||||
Injury Recovery | 0% | $780 | $780 | $780 | $780 | $780 | $780 | $780 | $780 | $780 | $780 | $780 | $900 |
Self-pampering | 0% | $1,400 | $1,250 | $1,250 | $1,250 | $1,400 | $1,250 | $1,250 | $1,250 | $1,250 | $1,250 | $1,250 | $1,250 |
Altenative Care | 0% | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 |
Athletes | 0% | $500 | $500 | $600 | $750 | $750 | $750 | $750 | $750 | $750 | $600 | $500 | $500 |
Total Sales | $3,280 | $3,130 | $3,230 | $3,380 | $3,530 | $3,380 | $3,380 | $3,380 | $3,380 | $3,230 | $3,130 | $3,250 | |
Direct Cost of Sales | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
Linens | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | |
Oils & Lotions | $50 | $0 | $0 | $50 | $0 | $0 | $50 | $0 | $0 | $50 | $0 | $0 | |
Insurance Billing | $40 | $40 | $40 | $40 | $40 | $40 | $40 | $40 | $40 | $40 | $40 | $40 | |
Subtotal Direct Cost of Sales | $215 | $165 | $165 | $215 | $165 | $165 | $215 | $165 | $165 | $215 | $165 | $165 |
Personnel Plan | |||||||||||||
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
Owner Draw | 0% | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 |
Other | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total People | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Total Payroll | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 |
General Assumptions | |||||||||||||
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
Current Interest Rate | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | |
Long-term Interest Rate | 5.65% | 5.65% | 5.65% | 5.65% | 5.65% | 5.65% | 5.65% | 5.65% | 5.65% | 5.65% | 5.65% | 5.65% | |
Tax Rate | 30.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | |
Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Pro Forma Profit and Loss | |||||||||||||
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
Sales | $3,280 | $3,130 | $3,230 | $3,380 | $3,530 | $3,380 | $3,380 | $3,380 | $3,380 | $3,230 | $3,130 | $3,250 | |
Direct Cost of Sales | $215 | $165 | $165 | $215 | $165 | $165 | $215 | $165 | $165 | $215 | $165 | $165 | |
Other Costs of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Cost of Sales | $215 | $165 | $165 | $215 | $165 | $165 | $215 | $165 | $165 | $215 | $165 | $165 | |
Gross Margin | $3,065 | $2,965 | $3,065 | $3,165 | $3,365 | $3,215 | $3,165 | $3,215 | $3,215 | $3,015 | $2,965 | $3,085 | |
Gross Margin % | 93.45% | 94.73% | 94.89% | 93.64% | 95.33% | 95.12% | 93.64% | 95.12% | 95.12% | 93.34% | 94.73% | 94.92% | |
Expenses | |||||||||||||
Payroll | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | |
Sales and Marketing and Other Expenses | $0 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | |
Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $50 | |
Rent (inc Utilities) | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | |
Insurance | $53 | $53 | $53 | $53 | $53 | $53 | $53 | $53 | $53 | $53 | $53 | $53 | |
Payroll Taxes | 20% | $27 | $8 | $20 | $33 | $58 | $39 | $33 | $39 | $39 | $14 | $8 | $17 |
Other | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | |
Total Operating Expenses | $2,880 | $2,911 | $2,923 | $2,936 | $2,961 | $2,942 | $2,936 | $2,942 | $2,942 | $2,917 | $2,911 | $2,970 | |
Profit Before Interest and Taxes | $185 | $54 | $142 | $229 | $404 | $273 | $229 | $273 | $273 | $98 | $54 | $115 | |
EBITDA | $185 | $54 | $142 | $229 | $404 | $273 | $229 | $273 | $273 | $98 | $54 | $165 | |
Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Taxes Incurred | $56 | $15 | $40 | $64 | $113 | $76 | $64 | $76 | $76 | $27 | $15 | $32 | |
Net Profit | $130 | $39 | $102 | $165 | $291 | $196 | $165 | $196 | $196 | $70 | $39 | $83 | |
Net Profit/Sales | 3.95% | 1.25% | 3.16% | 4.88% | 8.24% | 5.81% | 4.88% | 5.81% | 5.81% | 2.18% | 1.25% | 2.56% |
Pro Forma Cash Flow | |||||||||||||
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
Cash Received | |||||||||||||
Cash from Operations | |||||||||||||
Cash Sales | $2,854 | $2,723 | $2,810 | $2,941 | $3,071 | $2,941 | $2,941 | $2,941 | $2,941 | $2,810 | $2,723 | $2,828 | |
Cash from Receivables | $250 | $264 | $426 | $407 | $421 | $440 | $458 | $439 | $439 | $439 | $439 | $419 | |
Subtotal Cash from Operations | $3,104 | $2,987 | $3,236 | $3,348 | $3,492 | $3,381 | $3,399 | $3,380 | $3,380 | $3,250 | $3,162 | $3,247 | |
Additional Cash Received | |||||||||||||
Sales Tax, VAT, HST/GST Received | 0.00% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
New Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Investment Received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Cash Received | $3,104 | $2,987 | $3,236 | $3,348 | $3,492 | $3,381 | $3,399 | $3,380 | $3,380 | $3,250 | $3,162 | $3,247 | |
Expenditures | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
Expenditures from Operations | |||||||||||||
Cash Spending | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | |
Bill Payments | $72 | $648 | $592 | $631 | $716 | $737 | $685 | $714 | $684 | $683 | $657 | $592 | |
Subtotal Spent on Operations | $2,572 | $3,148 | $3,092 | $3,131 | $3,216 | $3,237 | $3,185 | $3,214 | $3,184 | $3,183 | $3,157 | $3,092 | |
Additional Cash Spent | |||||||||||||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Principal Repayment of Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Long-term Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Purchase Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Purchase Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Cash Spent | $2,572 | $3,148 | $3,092 | $3,131 | $3,216 | $3,237 | $3,185 | $3,214 | $3,184 | $3,183 | $3,157 | $3,092 | |
Net Cash Flow | $532 | ($161) | $144 | $217 | $276 | $143 | $214 | $166 | $196 | $67 | $5 | $155 | |
Cash Balance | $1,532 | $1,371 | $1,515 | $1,732 | $2,007 | $2,151 | $2,365 | $2,531 | $2,727 | $2,794 | $2,798 | $2,953 |
Pro Forma Balance Sheet | |||||||||||||
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
Assets | Starting Balances | ||||||||||||
Current Assets | |||||||||||||
Cash | $1,000 | $1,532 | $1,371 | $1,515 | $1,732 | $2,007 | $2,151 | $2,365 | $2,531 | $2,727 | $2,794 | $2,798 | $2,953 |
Accounts Receivable | $500 | $676 | $819 | $813 | $845 | $884 | $883 | $864 | $864 | $864 | $845 | $813 | $816 |
Other Current Assets | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 |
Total Current Assets | $1,550 | $2,258 | $2,240 | $2,378 | $2,627 | $2,941 | $3,084 | $3,279 | $3,445 | $3,641 | $3,688 | $3,661 | $3,819 |
Long-term Assets | |||||||||||||
Long-term Assets | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
Accumulated Depreciation | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,250 |
Total Long-term Assets | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $750 |
Total Assets | $2,350 | $3,058 | $3,040 | $3,178 | $3,427 | $3,741 | $3,884 | $4,079 | $4,245 | $4,441 | $4,488 | $4,461 | $4,569 |
Liabilities and Capital | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
Current Liabilities | |||||||||||||
Accounts Payable | $50 | $629 | $571 | $607 | $691 | $715 | $661 | $691 | $661 | $661 | $638 | $571 | $596 |
Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Subtotal Current Liabilities | $50 | $629 | $571 | $607 | $691 | $715 | $661 | $691 | $661 | $661 | $638 | $571 | $596 |
Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Liabilities | $50 | $629 | $571 | $607 | $691 | $715 | $661 | $691 | $661 | $661 | $638 | $571 | $596 |
Paid-in Capital | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 |
Retained Earnings | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 |
Earnings | $0 | $130 | $169 | $271 | $436 | $726 | $923 | $1,088 | $1,284 | $1,480 | $1,551 | $1,590 | $1,673 |
Total Capital | $2,300 | $2,430 | $2,469 | $2,571 | $2,736 | $3,026 | $3,223 | $3,388 | $3,584 | $3,780 | $3,851 | $3,890 | $3,973 |
Total Liabilities and Capital | $2,350 | $3,058 | $3,040 | $3,178 | $3,427 | $3,741 | $3,884 | $4,079 | $4,245 | $4,441 | $4,488 | $4,461 | $4,569 |
Net Worth | $2,300 | $2,430 | $2,469 | $2,571 | $2,736 | $3,026 | $3,223 | $3,388 | $3,584 | $3,780 | $3,851 | $3,890 | $3,973 |
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A great business plan is essential for any successful business. Whether you're launching a new venture or growing an existing one, having a well-thought-out plan gives you the roadmap and clarity to make smart decisions.
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A business plan template is an invaluable tool for any entrepreneur or small business owner. It can help you:
ClickUp's Business Plan Template is designed to help you create and track a comprehensive business plan. This List template includes:
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Your business plan should start with a strong statement of your objectives. This will provide an overview of what your business is all about and what your goals are. Use a Doc in ClickUp to brainstorm ideas for objectives and collect feedback from your team.
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Massage therapy business plan examples provide templates and insights for launching a successful practice. They illustrate financial projections, marketing strategies, and operational procedures.
Crafting a business plan is a crucial step for massage therapists aspiring to start or grow their own practice. A well-designed plan not only outlines the roadmap to professional success but also helps to secure financing and attract investors. It should encompass a detailed analysis of the market, identify target customer demographics, establish achievable goals, and detail the services offered.
In a competitive wellness market, having a comprehensive and strategic business plan can differentiate your massage therapy business, setting a foundation for sustainable growth and profitability. A compelling business plan also demonstrates your commitment to professionalism and organizational skills, both of which are appreciated by clients and partners alike.
Picture a peaceful oasis where stress fades away, and wellbeing emerges. Welcome to the world of massage therapy businesses. These sanctuaries of health provide services that are more in demand now than ever before. They blend ancient practices with modern science to promote relaxation, healing, and balance.
Massage therapy has gained remarkable traction over the years. People from all walks of life seek out these services. Stress relief, muscle recovery, and mental wellness are the key drivers. The hustle of daily life demands respite, and massage therapy stands as a go-to solution .
The massage industry has blossomed into a diverse field. The techniques range from Swedish and deep tissue to specialized therapies. Each targets unique needs, preferences, and client bases.
Type of Massage | Target Market |
---|---|
Swedish Massage | Stress Relief Seekers |
Deep Tissue Massage | Athletes and Active Individuals |
Hot Stone Massage | Luxury Spa Enthusiasts |
Reflexology | Holistic Health Proponents |
The space in the market is substantial. Entrepreneurs can find success with a well-crafted business plan. Read on to discover examples that pave the way to a thriving massage therapy venture.
Crafting a business plan is just like drawing a map for success. It does more than showing you the way. It helps everyone understand the journey ahead. So, for massage therapists dreaming big, here’s how to nail those key parts of your plan.
The Executive Summary is the front door to your massage therapy business plan. It’s where first impressions are made. It gives a snapshot about what’s inside. Think of it like a highlight reel. It should cover the most important things. Make sure to include:
Your company description is the story of your business. It’s where dreams get detailed. It sets the stage. Include points like:
Your business’s name | What it is |
---|---|
Vision | Where you see your business in the future |
Objectives | Clear goals for growth and success |
Market needs | What clients are looking for |
How you’ll meet those needs | Your unique skills and services |
Objectives turn your dreams into targets. Deadlines and details make them real. Think of them as stepping stones across a river. They’re your way to success. Be specific with dates and numbers. Your future self will thank you.
Conducting Market Analysis is a critical step in creating a comprehensive massage therapy business plan. This process sheds light on who will likely seek your services, the existing competition, and the potential demand within the local area. Benefiting from an analysis allows for a data-driven approach to carve your niche in the wellness industry.
Identifying your target audience is the foundation of your business’s success. Knowing who needs your services shapes your marketing strategy and service offerings.
Evaluating your competitors and understanding market demand are essential for positioning your massage therapy business for growth.
Utilizing tools such as online surveys and industry reports can help map out the needs and preferences of your potential clients.
Your massage therapy business offers a sanctuary for clients seeking relaxation and rejuvenation. Unique, tailored services give your clients exactly what their bodies need.
Each client is unique , and so should be their treatment. Our menu includes:
Trained professionals customize techniques for each individual.
Our special offers keep clients coming back. Consider:
Includes Swedish and Aromatherapy. | |
Sports massage with muscle stretch. | |
Gentle prenatal care package. | |
Monthly treatments at a discount. |
Members gain exclusive perks and savings . Tailored packages create memorable experiences.
For your massage therapy business to thrive, robust marketing and sales strategies are vital. These strategies define how you connect with potential clients. They also set your services apart in a competitive market. We’ll look at successful approaches, focusing on branding, online presence, and pricing models.
Branding breathes life into your massage therapy business. It communicates your unique story. Make sure your logo, tagline, and overall design reflect your business values. Consistency is key across all platforms.
Digital real estate matters. A user-friendly website is a must.
Social media boosts your visibility. Platforms like Facebook and Instagram let you showcase your services through posts and stories.
Platform | Content Type | Posting Frequency |
---|---|---|
Testimonials, Offers | Daily | |
Behind-the-scenes, Live Sessions | 3x weekly |
Your pricing strategy can make or break your massage business. Keep prices competitive but do not undervalue your services.
Offer a range of pricing options . Includes:
Introduce promotions to attract new clients and reward loyal ones. Early bird specials, referral discounts, and seasonal packages are great incentives.
Remember to clearly display all pricing and promotions . Do this on your website and in your marketing materials. This maintains transparency with your clients.
Embarking on your massage therapy business requires not only an understanding of the trade but also a clear financial strategy. Crafting a thorough business plan includes detailed financial projections and considerations. This ensures sustainability and growth for your future enterprise. Let’s break down the essential financial components.
Knowing the initial investment for your massage therapy start-up is crucial. It sets the stage for all future financial decisions. Begin with an extensive overview of one-time and ongoing costs:
With the start-up costs outlined, focus shifts to the incoming funds. A robust business plan identifies all possible revenue sources:
Individual therapy sessions | Average of $75/session |
Package deals | 20% of total revenue |
Membership programs | Monthly recurring income |
Retail product sales | Supplement services |
Workshops and classes | Quarterly events |
Mapping out these streams aids in anticipating what you’ll earn. It’s also helpful to perform break-even analysis . This pinpoints when your business starts profiting. An accurate forecast includes market research and conservative estimates.
Welcome to the heart of your massage therapy business plan—operations and logistics. No business thrives without a well-oiled operational system. Here, we outline the essentials for your massage therapy center to run smoothly and efficiently. A detailed operations plan contributes to streamlined services and satisfied customers. Let’s dive into what it takes to create an exceptional therapeutic space.
Finding the perfect spot for a massage therapy business requires consideration. Clients seek convenience and tranquility. Thus, a location that’s easily accessible yet peaceful is key. Once identified, the layout of the facility must align with client comfort and operational efficiency.
A well-designed layout includes:
Supplies and equipment are the backbone of any massage therapy business. Staffing is equally critical. Ensuring you have the right tools and team sets the foundation for success.
Selecting quality supplies and reliable equipment is vital. Recruit skilled and passionate staff to offer outstanding services. This combination creates a memorable experience for clients. Bolster your business’s reputation for repeat visits and referrals. Thus, a thoughtfully curated operations plan is imperative.
Stepping into the world of massage therapy means navigating a maze of rules. These are set to protect clients and therapists alike. Let’s discuss the must-knows to keep your business above board.
To start a massage therapy business, a valid license is key. It proves your expertise. Here’s what you need:
Remember, requirements might change based on location. Check your state’s website for the latest info.
Insurance is your safety net. It saves you from unexpected costs due to accidents or lawsuits.
Type of Insurance | Purpose |
---|---|
Covers claims for injuries or damages. | |
Protects your equipment and space. | |
For businesses with employees, covers work-related injuries. |
Insurance specifics vary , so consult an agent. They’ll guide you to the right coverage for your business.
Dotting the i’s and crossing the t’s in your massage therapy business plan marks the beginning of an exciting journey. Your business blueprint is nearly ready, and it’s time to add the last bits of polish. These elements provide clarity, appeal, and thoroughness to the plan. Let’s explore the final essentials to wrap up your comprehensive guide.
The Appendices serve as the backbone of your business plan’s claims. This section houses vital supporting details. These documents are like a treasure chest, filled with resources that substantiate your business narrative. Ensure you include:
A business plan for massage therapy is a living document. It grows and changes with your business. Review it regularly and tweak as needed. This cycle ensures:
Don’t cast your plan in stone. Keep it flexible, dynamic, and evolving. After all, a thriving business is one that adapts swiftly. Use these sections to transform your business plan from good to great.
How do i write a business plan for a massage business.
Begin by summarizing your massage business concept. Identify your target market and detailed services offered. Outline your marketing strategies, operational procedures, and financial projections. Include a management team bio and analyze your competition. Conclude with a clear financial plan and growth potential.
The best business structure for massage therapy often depends on individual circumstances, but many massage therapists choose the Limited Liability Company (LLC) for its liability protection and tax benefits.
Specialize in high-demand techniques. Build a strong client base through exceptional service. Offer premium services. Continuously educate yourself. Leverage marketing to expand your reach. Consider a luxury or corporate clientele.
1. Obtain certification from an accredited massage therapy school. 2. Create a solid business plan detailing services and objectives. 3. Secure necessary licenses and permits for legal compliance. 4. Find a suitable location and set up your therapy space. 5.
Market your business to attract clients.
Crafting a solid business plan is crucial for massage therapy success. It anchors your vision and charts a path to growth. With the strategies and examples outlined, you’re set to design a winning blueprint. Dive in, unleash your entrepreneurial spirit, and let your massage therapy business thrive.
Remember, your plan is your roadmap to prosperity.
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Whether you want to expand or start massage therapy pratice , a detailed massage therapy business plan is essential. Before you own massage therapy business you should be aware of it’s revenue and costs.
We'll go through what you need to do to create a business plan, useful tips and a free massage business plan template.
What is a massage therapy business plan, why does your massage therapy need a business plan, how to write a massage therapy business plan, key elements of a good massage therapy business plan, massage therapy business plan sample free.
A business plan is a document that describes the financial, administrative and marketing aspects of running a massage therapy businesses. It includes things like financing and start-up costs, market research and competitive strategies to grow your business.
In addition to a description of your business and a clear plan of how you will market and develop your products and services, and a description of your target market, you will also want to include a summary of the plan itself (more on this later).
You should also include a plan for supporting your technicians and massage therapists, including massage therapists needs and any training or support they will receive.
Market research is essential whether you are developing a business plan for medical massage therapy or setting up a luxury massage therapy. In addition to the mission and vision, the business plan should include clear business objectives, a sample budget and information on current trends in the industry.
You can review the plan regularly, make changes as necessary and use it as a guide to help you manage your massage therapy, make informed business decisions and ensure you achieve your success goals.
Your management team can use the plan to help you forecast future sales and profitability, adjust massage therapistsing or advertising strategies, and review financial projections at a glance.
Let's face it, every owner or manager needs a business plan - and it's not just limited to the massage therapy industry.
This plan is a living, breathing document that will help you make financial projections and decisions that will affect your customers and massage therapists - it's as important as your massage therapy's techniques.
Whether you need help raising loans, attracting investors, deciding which massage therapy services or products to promote, or even how to reach out to a new potential clientele, a solid financial plan and strategic vision will make everything much easier.
A sound business plan is not only the key to ensuring success to, it is also a blueprint for the future of your massage therapy. A vision and mission statement can help you brainstorm and hold team meetings, and can even form the basis for designing your massage therapy's rewards structure and loyalty program.
It's a way to make sure you stay on top of your game and meet the changing needs of your customers.
If you're wondering how to write a business plan for your massage therapy, you're not alone - these documents are actually as unique as the massage therapy's owners, customers and massage therapists. Much depends on the size and location of your business, but there are some common elements.
They always include an executive summary (overview), outlining the target market and services. They also include information such as projected sales and break-even points (sales and marketing plan), expected massage therapy fees and an overall financial plan.
For new massage therapy, all start-up costs should be included and an explanation of how financing will be obtained. If you are operating an existing luxury massage therapy, the contents of the business plan should include some financial highlights, such as whether you are achieving your goals and what your future objectives are.
Let's now look at all this in more detail.
Whether you're dealing with potential investors or just planning your next round of equipment purchases and technician training, your massage therapy business plan will be useful.
It will give you a clear picture of your business finances and structure, keep you focused on your long-term goals and allow you to keep your mission in mind when considering decisions.
Research other massage therapy and businesses in the area, research the services you need to offer e.g. hot stone massage, deep tissue massage or other therapeutic massage , and decide on a target market (or how you can expand into new markets).
Sit down and make a list of issues that could affect your business in terms of cash flow, start-up costs, or time and training. Make sure you include them in your budget and financial plan.
Start by analysing the market to find out what the break-even point is for each service, and set targets based on these profits and costs.
Expert tip: massage therapy software can help you track your team's performance, offer online booking with digital SOAP forms and more.
What makes your massage therapy stand out, especially among all the other businesses? If you can offer unique selling points that appeal to specific customers (such as traditional swedish massage, sports massage), create a marketing plan to reach those customers.
There are many examples of massage therapy business plans and free templates available online, and there are advantages to using them. Simply adapting existing business plan templates rather than creating a completely new business plan from scratch can save a lot of time (and stress).
This applies to the business plan of a large massage therapy business as well as a sing massage therapist. The more professional everything looks, the better.
Hiring a consultant to review the draft plan, the financial aspects and even help with the concept and marketing plan can go a long way, especially if you plan to use it to raise finance and attract potential investors.
This is where you make your first impression to potential investors and others who will help manage or run the massage therapy. Make sure it includes your massage therapy business name , logo and contact details.
Every business plan should be organized, and a table of contents helps. Clearly divide everything into sections to make it easier to find information.
First impressions are crucial, especially if you are trying to get funding. A clear and concise summary is very useful. Remember to include.
This should set out your business objectives and plans to achieve them. Stating where you want your massage therapy to be in the future, even years from now.
Outline your massage therapy concept - for example, medical massage therapy focusing on specialized and licensed massage therapist experience. Briefly describe what you are planning.
Key success factors (what do you need to make your massage therapy work?).
Explain who your target customers are and why. Take into account.
When developing your plan, consider a SWOT analysis (strengths, weaknesses, opportunities and threats) to better understand all of this.
Know the market you plan to enter and how you can succeed in it.
A business plan for a massage therapy explains exactly how everything works, including:
This information will help potential investors understand your massage therapy's sales and revenues, as well as projected costs and profit margins. Be sure to include the following information.
It is a good idea to break down the prices of each product listed here, along with their costs and profit margins (if you are an existing massage therapy, you can also include information on customer demand for each product).
How do you plan to reach new customers and expand your customer base? What is your advertising plan with costs? This may be a rough outline, but make sure you have done your background research and have a solid plan.
This applies to the massages you offer and the products you sell, including.
This explains the initial costs of your massage therapy and plans for turning a profit as soon as possible or the costs and financing of any expansion/improvements and projected profits. Be sure to include:
This information should be reviewed by an expert before the final plan is drawn up. He or she can check for any discrepancies and give useful advice.
Do not miss our post on massage franchise .
This plan describes how your massage therapy will operate and includes.
Please include here any additional information that you think is important to potential investors or management. For example.
If you need to refer to them in the main body of the plan, you can attach these documents as annexes at the end of the plan.
We know that developing a business plan for your massage therapy can take a lot of time, and hiring an expert to write the entire plan can be expensive. We have tried to help you by creating a free massage therapy example.
Your massage therapy free template will look like this.
Creating a business plan for your massage therapy doesn't have to be stressful. With proper planning, it can be a rewarding process that helps you set new goals and decide on the best strategy to achieve them.
How to write a great business plan https://ieeexplore.ieee.org/iel3/46/14446/00660335.pdf
What do investors look for in a business plan? A comparison of the investment criteria of bankers, venture capitalists and business angels https://journals.sagepub.com/doi/abs/10.1177/0266242604042377
Anatomy of a Business Plan: A Step-by-step Guide to Building the Business and Securing Your Company's Future https://books.google.com/books?hl=en&lr=&id
Bartek Kulasza creates informative content that focuses on efficient business management. He covers salon software, marketing and sales, budgeting and reporting, salon design and equipment, inventory management, growing customer base, helping businesses optimize operations, enhancing customer experience, and increasing profitability.
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Published Jun.14, 2018
Updated Apr.23, 2024
By: Brandi Marcene
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Table of Content
Are you planning to start a massage therapy business ? Well, massage therapy business is a profitable business that offers healthcare related services to help heal people from some ailment or help them in soothing their muscle soreness, improving their sleep, boosting their immune function, enhancing their mental skills, aiding headache sufferers, alleviating depression, and reducing stress and anxiety. And considering the present situation, where every second person is in depression, this massage therapy business plan has a lot of market.
So, before you move on to opening your therapy clinic, you will have to prepare a comprehensive business plan for a massage therapist which will establish the basis of your company’s future operations and decisions. If you are wondering how to write an effective business plan for a massage therapist then here we are providing you a sample physical therapy clinic business plan of a startup named ‘HealCo Relaxing Center’.
2.1 the massage therapy business.
HealCo Relaxing Center will be a licensed massage therapy center located in the Manhattan borough of the New York City. The business will be started in an existing therapy center which ceased to function two months ago.
HealCo Relaxing Center will be a sole proprietorship owned by Susan Frank. Susan is a licensed massage therapist from Florida who has been in this industry for the last ten years. Due to her extensive experience in the industry, Susan knows everything about how to open a massage business .
We will provide therapeutic massage to the people with ailments so as to help them cure faster, and relaxation massage to relax the people who are in stress, depression or anxiety.
The massage business plan or massage therapy center outlines the company’s three years target as follows:
3.1 company owner.
HealCo Relaxing Center will be a sole proprietorship owned by Susan Frank. Susan is a licensed massage therapist from Florida who has been in this industry for the last ten years. Susan is adept in a variety of massage styles, and in tailoring each massage to the specific needs and preferences of clients. She is particularly expert in Integrated Breathing, Shiatsu, Sports Massage, Deep Tissue, Reiki, Watsu, Reflexology, and Acupressure.
The massage therapy business plan is being started due to Susan’s passion to serve the society by using her exceptional physical therapy skills. The second reason is to make profits in this industry by providing unparalleled massage therapy services to the clients.
The first thing to do before you start thinking about how to start a physical therapy business is to develop a business plan for a massage therapist . You can also take help from this massage business plan template . After this phase, you can start executing the planned steps. As the next phase, Susan will procure and enhance an existing therapy center in downtown Manhattan which ceased to function two months ago. Since the facility was previously used as a therapy center so the cost of inventory is cut down and the biggest expense will be incurred on the renovation work. The costs for the startup are as follows:
The detailed startup requirements are given below:
Legal | $55,300 |
Consultants | $0 |
Insurance | $32,750 |
Rent | $32,500 |
Research and Development | $32,750 |
Expensed Equipment | $32,750 |
Signs | $1,250 |
TOTAL START-UP EXPENSES | $187,300 |
Start-up Assets | $0 |
Cash Required | $332,500 |
Start-up Inventory | $32,625 |
Other Current Assets | $232,500 |
Long-term Assets | $235,000 |
TOTAL ASSETS | $121,875 |
Total Requirements | $245,000 |
$0 | |
START-UP FUNDING | $273,125 |
Start-up Expenses to Fund | $11,875 |
Start-up Assets to Fund | $15,000 |
TOTAL FUNDING REQUIRED | $0 |
Assets | $23,125 |
Non-cash Assets from Start-up | $18,750 |
Cash Requirements from Start-up | $0 |
Additional Cash Raised | $18,750 |
Cash Balance on Starting Date | $21,875 |
TOTAL ASSETS | $0 |
Liabilities and Capital | $0 |
Liabilities | $0 |
Current Borrowing | $0 |
Long-term Liabilities | $0 |
Accounts Payable (Outstanding Bills) | $0 |
Other Current Liabilities (interest-free) | $0 |
TOTAL LIABILITIES | $0 |
Capital | $0 |
Planned Investment | $0 |
Investor 1 | $332,500 |
Investor 2 | $0 |
Other | $0 |
Additional Investment Requirement | $0 |
TOTAL PLANNED INVESTMENT | $695,000 |
Loss at Start-up (Start-up Expenses) | $313,125 |
TOTAL CAPITAL | $251,875 |
TOTAL CAPITAL AND LIABILITIES | $251,875 |
Total Funding | $255,000 |
After you have planned how to start up a massage therapy business, the next step is to plan what services will you provide to your clients.
This step is extremely important because all the subsequent things will depend on your services so make sure to plan it before starting your own physical therapy business . HealCo Relaxing Center will be a massage therapy center that will provide therapeutic massage to people with ailments so as to help them cure faster, and relaxation massage to relax the people who are in stress, depression or anxiety. We will provide following types of therapies and massages to our esteemed clients.
HealCo Relaxing Center will operate 24/7 to attend to clients round the clock. We will also offer home services to the clients who are severely ill or can’t make it to our center due to their busy routine. To further facilitate our clients, we will arrange transportation facilities for them and allow them to make reservations online via our website or our official App.
The most important component of an effective business plan for a massage therapist is its accurate marketing analysis that’s why Susan acquired the services of marketing experts to help her through this phase. It is only after this stage that a good physical therapy clinic business plan could have been developed. If you are starting your therapy clinic on a smaller scale then you can carry out the marketing analysis of your business plan for a massage therapist yourself by taking help from this massage business plan sample or other massage therapy business plan examples available online. On the other hand, if you are starting on a larger scale, you can seek help from marketing experts and can develop your own massage business plan template . In any case, you should pay special attention to this part of your physical therapy business plan .
The four main steps to carry out an accurate marketing analysis are to identify the current market trends, identify your target audience and potential clients, set out the business targets to achieve, and finally set the prices of your products and services.
Market trends can be analyzed in various ways such as by manual surveys, online research or even from guessing the pattern from any sample physical therapy business plan available online. You can also take help from the marketing trends given in this massage business plan template . Massage therapy industry generated about $12.1 billion in revenue in 2015 while it is expected to reach $16 billion this year. On average, the revenue growth is projected to increase at the rate of 3.6 percent per year through 2020. There are more than 300,000 massage therapists present across the United States and their number has increased from 14 to 19 percent over the course of just 4 years from 2011 to 2015. The number of American adults who had a massage at least once between July 2015 and July 2016 is roughly around 50 million. Furthermore, the number of therapists is increasing throughout the United States as well as in Manhattan. These stats show massage therapy has a lot of market and any massage business plan in this industry can prove to be immensely profitable provided that you plan and market it successfully.
A good massage business plan sample also categorizes its target market into various groups or segments after which different strategies are devised to target each group in accordance with its specific needs and requirements. Our target market is the residential community as well as the working-class community living or working near us. The community consists of all types of people from varying backgrounds. As per the financial position, nearly half of the community has a monthly income ranging from $40k to $50k while nearly 10% people have incomes even around $100,000. There are currently more than 738,000 households in Manhattan out of which 17.1% have children under the age of 18 living with them, 25.2% are married couples living together and 12.6% have a female householder with no husband present. 59.1% are non-families, out of which 48.0% of all households are made up of individuals and 10.9% have someone living alone who is 65 years of age or older. A successful and efficient marketing strategy can only be developed after we completely know our potential clients. Our experts have identified the following type of target audience which can become our future consumers:
The detailed marketing segmentation of our target audience is as follows:
This category includes all those clients who need therapy for some medical purposes such as for relieving pain or chronic health issues. The therapy is done by using advanced techniques such as trigger point therapy and deep tissue massage. The clients lying in this category will make the biggest contribution to our revenue since they frequently need therapy on a regular basis as a part of their medical treatment. This category is further divided into following groups:
This category includes all those clients who just want to relax after a hectic day at work. Relaxation massage can greatly reduce the anxiety and depression of a person thus this massage is very popular with the working-class community especially the senior level executives of various businesses who often lead a stressful life. This massage is relatively simpler and straightforward as compared to the therapeutic massage and includes classic Swedish massage techniques along with a mud or cream application, a sea salt or sugar body scrub, or a paraffin hand treatment to the body. Since this massage is just intended to relax the clients and isn’t as much needed as the therapeutic massage, the revenue contribution from the clients taking this massage is relatively lower. The detailed market analysis of our potential clients is given in the following table:
Potential Customers | Growth | ||||||
Clients with injuries | 20% | 11,433 | 13,344 | 16,553 | 18,745 | 20,545 | 13.43% |
Clients with chronic illnesses | 20% | 22,334 | 32,344 | 43,665 | 52,544 | 66,432 | 10.00% |
Clients with disabilities/issues | 18% | 12,867 | 14,433 | 15,999 | 17,565 | 19,131 | 15.32% |
Expectant mothers | 7% | 8,322 | 9,455 | 10,655 | 12,867 | 14,433 | 10.00% |
Clients needing relaxation message | 35% | 10,655 | 11,221 | 12,867 | 14,433 | 15,485 | 16.32% |
Total | 100% | 54,956 | 80,797 | 86,872 | 101,721 | 120,541 | 9.54% |
We aim to become the best massage therapy center of Manhattan within next five years of our startup. Our main massage business plan targets to be achieved as milestones over the course of next three years are as follows:
After considering the market demands and the current competition, we have priced our services in the similar ranges as of our competitors. As of our relaxation massage, it will be charged on the basis of time, and clients can choose one of these three options—a 30-minute ($60), 50-minute ($95) or 75-minute ($135) massage. The price of every therapeutic massage will vary on the type of treatment and the condition of the patient but as a general rule, they will cost approximately 30 percent more than the relaxation massage. After analyzing all physical therapy business ideas and going through the market trends, the market demand, and the potential clients of the startup, the next step is to develop an ingenious strategy to attract those clients toward us.
Like marketing analysis, sales strategy is also an important component of a physical therapy business plan so it must be given proper attention before you think about how to start a massage business . That’s why Susan carried out an extensive research about various marketing strategies and went through a couple of massage business plan example templates before she decided on how to make a business plan for massage therapy along with an effective marketing strategic plans .
It was amazing to work with OGS Capital for our business plan. They promptly responded our enquires and delivered document on time.The document was well organized high quality and content.We succeded with Alex and his team support. We thank you guys again for professional approach and easy communication.
As mentioned earlier, there are more than 300,000 massage therapists located across the United States. Similarly, there are hundreds of massage therapy centers located in Manhattan and their numbers are still on the rise. To survive and excel in such competitive environment, it is essential for a startup to work on its competitive aspects which will give it an advantage over the rest of the similar businesses in the locality. Considering the importance of the competitive advantage for a startup, we have come fully prepared to enter the market.
Our biggest competitive advantage will be our high-quality and unparalleled services where the environment in which the services are offered – lighting, sounds, smells, oils and linens as well as the emotional presence of the therapist – all will contribute to the best possible experience. Our staff is highly trained and well-groomed in all aspects of therapy, and we are exceptionally adept at providing customized service to our clients. We will ensure maximum client retainage by offering them pleasurable experiences that will make them come back over and over again. We will ensure that our therapists use quality supplies (such as lotions and massage oil) and create a friendly, relaxing and welcoming environment for our clients.
In addition to providing quality services, we will launch an App where our clients can make their reservations with us or can even pay online by linking it to their bank or PayPal account. This App will also remind them of their appointments with us by sending them timely notifications. This App will make it easier for our clients to connect with us and will give us an extreme advantage over other competitors since no massage therapy center within 10 km radius of our center has launched a similar App. Lastly, we will also provide home-therapy services which is also not provided by most of our competitors.
After carrying out a detailed analysis, our experts came up with the following brilliant ideas to advertise and sell ourselves.
Our monthly sales, as forecasted by our experts, are as follows:
Our yearly sales, as forecasted by our experts, are as follows:
Considering our innovative app, the quality of our services, and our unparalleled client service, our sales pattern is expected to increase with years. By analyzing our market segmentation strategy, our experts have forecasted in detailed the following sales on a yearly basis which are summarized in the column charts.
The detailed information about sales forecast, total unit sales, total sales is given in the following table:
Unit Sales | |||
Therapeutic Massages | 1,887,030 | 2,680,320 | 2,588,240 |
Relaxation Massages | 802,370 | 815,430 | 823,540 |
Reflexology | 539,320 | 770230 | 1,002,310 |
Traditional Swedish Massage | 265,450 | 322,390 | 393,320 |
TOTAL UNIT SALES | |||
Unit Prices | Year 1 | Year 2 | Year 3 |
Therapeutic Massages | $140.00 | $150.00 | $160.00 |
Relaxation Massages | $600.00 | $800.00 | $1,000.00 |
Reflexology | $700.00 | $800.00 | $900.00 |
Traditional Swedish Massage | $650.00 | $750.00 | $850.00 |
Sales | |||
Therapeutic Massages | $2,149,800 | $2,784,000 | $3,383,200 |
Relaxation Massages | $120,050 | $194,500 | $268,500 |
Reflexology | $50,110 | $71,600 | $93,000 |
Traditional Swedish Massage | $139,350 | $194,600 | $249,850 |
TOTAL SALES | |||
Direct Unit Costs | Year 1 | Year 2 | Year 3 |
Therapeutic Massages | $0.70 | $0.80 | $0.90 |
Relaxation Massages | $0.40 | $0.45 | $0.50 |
Reflexology | $0.30 | $0.35 | $0.40 |
Traditional Swedish Massage | $3.00 | $3.50 | $4.00 |
Direct Cost of Sales | |||
Therapeutic Massages | $989,300 | $1,839,000 | $2,679,700 |
Relaxation Massages | $66,600 | $119,900 | $173,200 |
Reflexology | $17,900 | $35,000 | $52,100 |
Traditional Swedish Massage | $19,400 | $67,600 | $115,800 |
Subtotal Direct Cost of Sales | $1,294,100 | $1,699,400 | $2,104,700 |
A personnel plan, like all other plans, is an important component of an effective massage business plan . Its importance is due to the fact that the success of any business plan for a massage therapist significantly depends upon its employees. It is never easy to estimate the number and type of staff needed for a company before it is even launched therefore it is always better to seek the help of HR experts to get through this phase. However, you can have a rough idea before you decide on how to start your own massage therapy business . Susan acquired the services of HR experts to help her develop the following personnel plan for her physical therapy business model .
Susan will act as the General Manager of the HealCo Relaxation Center and will manage its overall operations while the company will initially hire the following people:
All the professionals needed for starting a physical massage therapy business plan will be hired by following strict testing procedures. After the selection of employees, the Massage Therapists and Exercise Physiologists will be trained for one month under the direct supervision of Susan herself so as to enable them to provide the highest quality of services possible.
The following table shows the forecasted data about employees and their salaries for next three years. These salaries are estimated by financial experts and are expected to deviate but the overall expenses will be more or less the same.
Accountant | $85,000 | $95,000 | $105,000 |
Sales Executives | $45,000 | $50,000 | $55,000 |
Massage Therapists | $550,000 | $650,000 | $750,000 |
Exercise Physiologist | $410,000 | $440,000 | $480,000 |
Cleaners/Assistants | $152,000 | $159,000 | $166,000 |
Inventory Manager | $145,000 | $152,000 | $159,000 |
Drivers | $50,000 | $55,000 | $60,000 |
Technical Assistant | $87,000 | $94,000 | $101,000 |
Front Desk Officer | $42,000 | $45,000 | $48,000 |
Total Salaries | $562,000 | $599,000 | $646,000 |
Just like the other plans, you must also prepare a detailed financial plan covering all financial aspects of your startup before you move on to starting a physical therapy business . The financial plan should craft a detailed map about the costs of startup, inventory, payroll, equipment, business plan for landlord , utilities and how these costs will be covered by the earned profits. Before getting to think about opening massage therapy business plan , make sure to carry out a detailed profit and loss analysis. The HealCo Relaxing Center financial plan outlines the development of the company over the next three years and is specifically developed to achieve the company’s short-term as well as the long-term objectives.
Plan Month | 1 | 2 | 3 |
Current Interest Rate | 10.00% | 11.00% | 12.00% |
Long-term Interest Rate | 10.00% | 10.00% | 10.00% |
Tax Rate | 26.42% | 27.76% | 28.12% |
Other | 0 | 0 | 0 |
Monthly Units Break-even | 5530 |
Monthly Revenue Break-even | $159,740 |
Assumptions: | |
Average Per-Unit Revenue | $260.87 |
Average Per-Unit Variable Cost | $0.89 |
Estimated Monthly Fixed Cost | $196,410 |
Sales | $309,069 | $385,934 | $462,799 |
Direct Cost of Sales | $15,100 | $19,153 | $23,206 |
Other | $0 | $0 | $0 |
TOTAL COST OF SALES | |||
Gross Margin | $293,969 | $366,781 | $439,593 |
Gross Margin % | 94.98% | 94.72% | 94.46% |
Expenses | |||
Payroll | $138,036 | $162,898 | $187,760 |
Sales and Marketing and Other Expenses | $1,850 | $2,000 | $2,150 |
Depreciation | $2,070 | $2,070 | $2,070 |
Leased Equipment | $0 | $0 | $0 |
Utilities | $4,000 | $4,250 | $4,500 |
Insurance | $1,800 | $1,800 | $1,800 |
Rent | $6,500 | $7,000 | $7,500 |
Payroll Taxes | $34,510 | $40,726 | $46,942 |
Other | $0 | $0 | $0 |
Total Operating Expenses | $188,766 | $220,744 | $252,722 |
Profit Before Interest and Taxes | $105,205 | $146,040 | $186,875 |
EBITDA | $107,275 | $148,110 | $188,945 |
Interest Expense | $0 | $0 | $0 |
Taxes Incurred | $26,838 | $37,315 | $47,792 |
Net Profit | $78,367 | $108,725 | $139,083 |
Net Profit/Sales | 30.00% | 39.32% | 48.64% |
Cash Received | |||
Cash from Operations | |||
Cash Sales | $40,124 | $45,046 | $50,068 |
Cash from Receivables | $7,023 | $8,610 | $9,297 |
SUBTOTAL CASH FROM OPERATIONS | |||
Additional Cash Received | |||
Sales Tax, VAT, HST/GST Received | $0 | $0 | $0 |
New Current Borrowing | $0 | $0 | $0 |
New Other Liabilities (interest-free) | $0 | $0 | $0 |
New Long-term Liabilities | $0 | $0 | $0 |
Sales of Other Current Assets | $0 | $0 | $0 |
Sales of Long-term Assets | $0 | $0 | $0 |
New Investment Received | $0 | $0 | $0 |
SUBTOTAL CASH RECEIVED | |||
Expenditures | Year 1 | Year 2 | Year 3 |
Expenditures from Operations | |||
Cash Spending | $21,647 | $24,204 | $26,951 |
Bill Payments | $13,539 | $15,385 | $170,631 |
SUBTOTAL SPENT ON OPERATIONS | |||
Additional Cash Spent | |||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 |
Principal Repayment of Current Borrowing | $0 | $0 | $0 |
Other Liabilities Principal Repayment | $0 | $0 | $0 |
Long-term Liabilities Principal Repayment | $0 | $0 | $0 |
Purchase Other Current Assets | $0 | $0 | $0 |
Purchase Long-term Assets | $0 | $0 | $0 |
Dividends | $0 | $0 | $0 |
SUBTOTAL CASH SPENT | |||
Net Cash Flow | $11,551 | $13,167 | $15,683 |
Cash Balance | $21,823 | $22,381 | $28,239 |
Assets | |||
Current Assets | |||
Cash | $184,666 | $218,525 | $252,384 |
Accounts Receivable | $12,613 | $14,493 | $16,373 |
Inventory | $2,980 | $3,450 | $3,920 |
Other Current Assets | $1,000 | $1,000 | $1,000 |
TOTAL CURRENT ASSETS | |||
Long-term Assets | |||
Long-term Assets | $10,000 | $10,000 | $10,000 |
Accumulated Depreciation | $12,420 | $14,490 | $16,560 |
TOTAL LONG-TERM ASSETS | |||
TOTAL ASSETS | |||
Liabilities and Capital | Year 1 | Year 2 | Year 3 |
Current Liabilities | |||
Accounts Payable | $9,482 | $10,792 | $12,102 |
Current Borrowing | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 |
SUBTOTAL CURRENT LIABILITIES | |||
Long-term Liabilities | $0 | $0 | $0 |
TOTAL LIABILITIES | |||
Paid-in Capital | $30,000 | $30,000 | $30,000 |
Retained Earnings | $48,651 | $72,636 | $96,621 |
Earnings | $100,709 | $119,555 | $138,401 |
TOTAL CAPITAL | |||
TOTAL LIABILITIES AND CAPITAL | |||
Net Worth | $182,060 | $226,240 | $270,420 |
Sales Growth | 4.35% | 30.82% | 63.29% | 4.00% |
Percent of Total Assets | ||||
Accounts Receivable | 5.61% | 4.71% | 3.81% | 9.70% |
Inventory | 1.85% | 1.82% | 1.79% | 9.80% |
Other Current Assets | 1.75% | 2.02% | 2.29% | 27.40% |
Total Current Assets | 138.53% | 150.99% | 163.45% | 54.60% |
Long-term Assets | -9.47% | -21.01% | -32.55% | 58.40% |
TOTAL ASSETS | ||||
Current Liabilities | 4.68% | 3.04% | 2.76% | 27.30% |
Long-term Liabilities | 0.00% | 0.00% | 0.00% | 25.80% |
Total Liabilities | 4.68% | 3.04% | 2.76% | 54.10% |
NET WORTH | ||||
Percent of Sales | ||||
Sales | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin | 94.18% | 93.85% | 93.52% | 0.00% |
Selling, General & Administrative Expenses | 74.29% | 71.83% | 69.37% | 65.20% |
Advertising Expenses | 2.06% | 1.11% | 0.28% | 1.40% |
Profit Before Interest and Taxes | 26.47% | 29.30% | 32.13% | 2.86% |
Main Ratios | ||||
Current | 25.86 | 29.39 | 32.92 | 1.63 |
Quick | 25.4 | 28.88 | 32.36 | 0.84 |
Total Debt to Total Assets | 2.68% | 1.04% | 0.76% | 67.10% |
Pre-tax Return on Net Worth | 66.83% | 71.26% | 75.69% | 4.40% |
Pre-tax Return on Assets | 64.88% | 69.75% | 74.62% | 9.00% |
Additional Ratios | Year 1 | Year 2 | Year 3 | |
Net Profit Margin | 19.20% | 21.16% | 23.12% | N.A. |
Return on Equity | 47.79% | 50.53% | 53.27% | N.A. |
Activity Ratios | ||||
Accounts Receivable Turnover | 4.56 | 4.56 | 4.56 | N.A. |
Collection Days | 92 | 99 | 106 | N.A. |
Inventory Turnover | 19.7 | 22.55 | 25.4 | N.A. |
Accounts Payable Turnover | 14.17 | 14.67 | 15.17 | N.A. |
Payment Days | 27 | 27 | 27 | N.A. |
Total Asset Turnover | 1.84 | 1.55 | 1.26 | N.A. |
Debt Ratios | ||||
Debt to Net Worth | 0 | -0.02 | -0.04 | N.A. |
Current Liab. to Liab. | 1 | 1 | 1 | N.A. |
Liquidity Ratios | ||||
Net Working Capital | $120,943 | $140,664 | $160,385 | N.A. |
Interest Coverage | 0 | 0 | 0 | N.A. |
Additional Ratios | ||||
Assets to Sales | 0.45 | 0.48 | 0.51 | N.A. |
Current Debt/Total Assets | 4% | 3% | 2% | N.A. |
Acid Test | 23.66 | 27.01 | 30.36 | N.A. |
Sales/Net Worth | 1.68 | 1.29 | 0.9 | N.A. |
Dividend Payout | 0 | 0 | 0 | N.A. |
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Successful businesses don’t happen overnight. They are created through careful and prudent planning. Writing a thorough and succinct business plan is your first effort towards a successful venture. If you’re embarking on a career as a massage therapist and want to go into business on your own, we’ve put together some recommendations from the Small Business Administration’s Web site on how best to compose your business plan.
Lastly, make a list of ‘What If’ questions and be able to answer them. Questions like: what if I get sick? What if I don’t meet my initial quota? What if I need to hire staff? What if I run out of money? While many of these questions may seem daunting, it is very important to plan ahead, then you’ll be better able to handle any situation when it arises.
Massage Therapy Business Tips
October 5, 2023
Want to impress your massage clients with a treatment plan that renders BIG results? In this step-by-step guide, you’ll learn how to do just that with massage therapy treatment plan examples, from an experienced massage therapist. You’ll get how-to advice on gathering the information you need, documenting your plan, and getting your clients to follow through.
If you can deliver results, your clients will do your marketing for you. Let’s do this!
Educating clients is an important part of your role as a massage therapist . Your clients aren’t just coming in for a massage, they are coming in for therapy . They trust you to have answers. Regardless of whether your clients come in for relaxation or pain relief, they all want to know the same things.
If your clients aren’t asking you these questions directly, they are thinking them. The easiest and most practical way to answer these questions is by creating a massage therapy treatment plan.
When you tell clients what they need to do, the quality of care they receive increases and so does your client retention . Creating a treatment plan isn’t a sales gimmick, it’s crafting a strategy for results.
According to the latest AMTA statistics , 49% of consumers got a massage to improve their health and wellness, in 2022. Not only that, half of those massage clients said massage therapy was part of a treatment plan provided by their doctor.
Creating massage therapy treatment plans that help those clients reach their health & wellness goals is your job as a massage therapist. Do that job well, and referrals will start pouring in.
Designing a successful massage therapy treatment plan requires understanding what your client really wants. Engage them with open-ended questions, and listen to what they say - both with their words and their bodies. Conduct a thorough assessment, then craft a treatment plan that aligns with their desires and goals.
We’re all human, and we’re all different. That’s why the same plan doesn’t work for everyone. Recommend what you truly believe will be helpful. That may be a monthly massage regime, or it may be something else. Clients want your expert advice.
Speaking of goals, before you can come up with a strategy for treatment, you need to know what your client’s goals are. Don’t make assumptions. Ask.
Start by asking your client what their goal for treatment is. What’s bringing them in? This could be stress relief, pain relief, better mobility, ect.
Once you know what their goal is, the next question to ask is, “how will you know when we reach your goal?” This is a crucial question that many therapists don’t ask. If you don’t have a benchmark to measure your progress against, how will you know if your therapy is working? Often clients don’t notice small improvements over time. Having a benchmark is a way to show your results.
Now that you know what you’re trying to achieve, you can start working on creating a massage therapy treatment plan.
Create a template for documenting your treatment plan . If you don’t already have a SOAP Note template , make one. Writing effective SOAP Notes is crucial to following through on your massage therapy treatment plans. It’s also a good idea to create something that you can give to your client , so they don’t forget. You know how foggy the brain can be after a massage.
Once you’ve created a system for creating and documenting massage therapy treatment, do it the same way with every client. Don’t forget to document this process in your massage therapy business plan .
Here’s an example of a template you can use for sharing your massage therapy treatment plan with clients.
Treatment Goal:
( Describe the client’s goal and benchmark indicating success )
Treatment Plan:
( Include things like duration of sessions, number of sessions, how far apart sessions will be scheduled, and what modality to use )
( Recommendations on what to do in between sessions. This could be things like stretching, exercise, heat, ice, rest, ect. )
*Stay within your scope of practice when making recommendations.
After you create a treatment plan for your massage client, discuss it with them. Make sure they understand why you’re recommending this strategy and ensure it’s something that they are on board with. Write it down for them, and get them to rebook before they leave.
It’s also a good idea to follow-up with clients a few days after their initial session. Sending a brief text or email after the first visit shows that you care, and gives you a chance to gain valuable feedback.
Let’s take a look at treatment plans for different kinds of massage clients. Keep in mind, these are just examples. When designing your own massage therapy treatment plans, customize it to fit the needs, desires, and goals of your clients.
Here are 3 examples of things massage clients often seek treatment for, and treatment plans for helping them to reach their wellness goals.
Tina is a workaholic. She’s always in go mode, and her brain never shuts off. She’s been having trouble sleeping, and she was recently diagnosed with high blood pressure. Her blood pressure is being managed with medication, but her doctor says she needs to manage her stress levels and get more exercise.
Treatment Goal:
Stress relief and relaxation
Benchmark: She’s able to easily fall asleep at night.
90 minute Swedish massage, bi-weekly over the next 2 months
Take a 30 minute walk when she gets home from the office each day to mark the end of the work day, get much needed exercise and relieve mental stress.
Tom injured his neck heading a soccer ball last weekend. Now, he has pain and limited ROM when he turns his head to the left. He had x-rays taken. They didn’t show anything concerning. His doctor said his pain is probably just muscular.
Relieve pain and increase ROM in his neck
Benchmark: He can turn his head to check his blindspot while driving.
Three 30 minute neuromuscular therapy sessions spaced every 4 days
Use moist heat to relax muscles 1-2 times a day for up to 10 minutes. After the application, laterally flex the neck left and right to stretch tight muscles. DO NOT stretch to the point of pain.
Sarah suffers from fibromyalgia. Her doctor has prescribed a few drugs that help, but she doesn’t like taking all that stuff. She can hardly function when she takes muscle relaxers, but they are the only thing that take the edge off. She wants to be more proactive in managing her pain levels, instead of solely relying on medication.
Manage chronic pain more naturally
Benchmark: No longer relies on muscle relaxers
60 minute deep tissue massage every 2 weeks
Start a meditation practice, beginning with just 5 minutes a day and working up to more time.
You followed your plan, and it worked! (Or maybe it didn’t.) Now what?
If your plan doesn’t work, modify it or refer your client to someone who may be able to help. Changing course when something doesn’t work is part of every treatment plan.
If your plan does work, it’s time to create a maintenance plan. You won’t have to sell them on this because you already proved yourself to them. Create a new massage therapy treatment plan that helps them maintain their current state of wellness or to reach a new goal.
It’s also time to tell them about your referral rewards program . Satisfied clients are one of the best ways to promote your massage therapy business! This is the time to collect reviews and testimonials , or even turn your success story into a case study.
YES! The best way to manage the entire client journey is by using massage therapy software , like ClinicSense. Software makes your life easier, and it ensures your clients get the best care every time. Here’s what using ClinicSense looks like in action:
A new client books online. An intake form is automatically sent to them to fill out online before their session. They also get an appointment reminder , so they don’t forget to show up on time.
On the day of their appointment, you review their intake form before their appointment. Your new client shows up, and you start the session with no time wasted on paperwork.
You chat about the reason for their visit and what their wellness goals are. Then, you do an assessment and make some initial notes in a SOAP Note on your tablet. Then, on to the good stuff - the massage.
After the session, you make a recommendation for follow-up treatment, schedule their next appointment, and process their payment. You finish up that SOAP Note in just a few clicks , if you haven’t already.
A few days later, your client receives a personalized message from you asking about their experience. They say great things, and opt to publish those great things as a review on google. They’re feeling better already.
Want this experience in your practice? You can replicate it by signing up for a free trial of ClinicSense.
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A thoughtful, descriptive, and professionally written massage therapy business plan can be the roadmap to success for an entrepreneur interested in opening a spa.
A business plan is also vital for prospective owners who will pursue competitive loans and other financing opportunities to cover initial costs of opening the business. For example, banks offer better loan terms, such as lower interest rates, to businesses they feel certain will succeed. A good business plan is your best opportunity to earn their confidence in your operation.
To get started, prospective business owners will need to understand the key components they should include in their massage therapy business plan.
Your business plan is likely to be several pages, if not dozens of pages, in length. Think of the executive summary as the elevator pitch. If someone asked you to briefly explain what your business offers and how you plan to make a profit, you would likely offer a short but impassioned explanation backed by sound facts and figures. Those are the details that go in your executive summary.
Entrepreneurs use this section, which is roughly one page of your business plan, to briefly highlight the business and ignite the reader’s interest in the project.
Although this item in the business plan is typically listed first, it should be written last because it’s a summary of the whole document. It’s also perhaps the most important section because it’s the reader’s first impression. They use it to decide whether they want to learn more about the proposed business or move on to other opportunities.
Who are the individuals running the business? What is in their resumes and professional experience that makes them a good fit for their respective roles? Use this section to provide biographies for each of the managers and executives overseeing the business and explain how each of them will help your business thrive.
How do you plan to get customers into your spa? Explain how you will promote your business, what customers your marketing plan will target, and make sure to detail how much that strategy will cost. You should also clarify how you plan to retain customers, particularly if your business has a unique offering that distinguishes it from the competition.
For example, MassageLuXe is a pioneer of the membership revenue model in the spa industry, which assures a higher level of consistency than other spa revenues and profits on a year-round basis.
This is perhaps the most industry-specific portion of your business plan. What are the key factors that help a spa succeed? Alternatively, what are common errors of spas that fail? How will the demographics of your spa’s target customer impact the products and services you offer? How much are they willing to pay for the services in your area?
It’s also critical to outline in detail who your business will compete with; and explain why customers are likely to choose your brand over the competing nearby spas. What are their weaknesses? How is your business different?
This is where you explain anything related to the costs of starting and running the business, and an informed, market-specific calculation of the potential revenue. How much capital do you need to open the doors of the business? Do you have the money saved, or will you need loans? What data do you have to prove the business is going to be profitable? How much are you charging for your services? How many employees will you need, and how much is the payroll?
You’ll also see what your spa owner salary will potentially be. Let’s not beat around the bush, entrepreneurs go into business to make money. Your salary will need to be accounted for in the overall payroll costs.
Using your market research to understand your potential revenue and adding up your expenses will help you set reasonable goals for your first few years in business.
A massage therapy business plan will keep you focused on your overall mission and vision, improve business performance, maximize spa owner salary, and ultimately help your business succeed. Entrepreneurs who open a MassageLuXe franchise get the added support of a proven business model.
Rather than figuring everything out on your own, MassageLuXe franchisees have help at every step of the process leading up to their grand opening, and beyond. Lenders also have more confidence in a franchise brand with a proven track record of success compared to a risky and unproven business startup.
MassageLuXe assists with market research, site selection, ongoing marketing, and so much more. Find out how MassageLuXe can make your dreams of spa ownership a reality .
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As our family grows, we wanted to make sure that we were investing in something that would provide a secure future for us. After researching the massage therapy industry and exploring our options, we knew that MassageLuXe was the right choice. The support and guidance they offer their franchise owners is truly unparalleled. From start to finish, they've been there to help us every step of the way. Plus, their social media and marketing programs are top-notch, which is an invaluable asset to any business.
There is a human connection at MassageLuXe that I didn’t get with other brands in this industry. It really felt like family when I attended Discovery Day. I don’t feel like I am just another number in a bucket bringing them revenue. MassageLuXe corporate has an amazing supportive environment and culture I plan to extend to our spa locally.
I started doing research into the health and wellness industry and came across MassageLuXe. The more I learned about the company, the more I loved the company. I am excited to be the person to introduce the brand to the Wilmington area and be part of someone’s health and wellness journey.
MassageLuXe is focused on helping people feel great long term, not prescribing temporary solutions that often come with complications. We really appreciate MassageLuXe’s approach to overall health and wellness. The spas are beautifully designed and welcoming.
This is a fantastic company. It allows me great flexibility as a franchise owner. We get the best of both worlds. My wife and I still work our full-time jobs and enjoy all the benefits of business ownership. With our children being so young, we love spending time with them, and our dog, Rami. We’ve been able to define how active we are in our location and work accordingly, based on our hectic schedules.
What better place to promote our own healthy lifestyle than this brand which is all about self-care and rejuvenation. I had been a retail manager for years and was burned out, working too many hours. I knew it had to change for my well-being.
We’ve been thinking about launching this spa since 2016, when we had a conversation with friends who are MassageLuXe franchisees and area developers in Detroit. They raved about the franchise. It’s been an exciting journey to finally purchase and open the spa in Leawood.
We’ve been very successful since day one. MassageLuXe International does a great job of putting forth a business plan that is really easy to follow and takes all of the guess work out of it.
Jump on the opportunity now while there are still locations available! Eventually, there won’t be sites to develop. You will be successful no matter where you are. If you follow the system and put in the work, you’ll have a successful spa.
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6+ massage therapy business plan templates – pdf.
All of us have dreams. Simple ones, big ones. But what is dreaming if it’s not gonna be for the stars? Sure enough many people work hard to realize their goals and dreams, but we all have to start somewhere, and this is never more true, especially for people who want to try their hand at entrepreneurship, and more so for those who are more specific and know which industry they want to enter and hopefully conquer in the future, if the odds and plans be in their favor. You may also see free business plans .
Massage and bodywork business plan.
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Massage therapy operations plan.
While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.
Everyday short-term processes include all of the tasks involved in running your massage therapy business, such as checking and checking out customers, conducting massage services and daily maintenance.
Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to service your 100 th customer, or when you hope to reach $X in revenue. It could also be when you expect to grow your client database to X amount or launch a new location.
MASSAGE THERAPY BUSINESS PLAN OUTLINE
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The Plan. Our massage therapy business plan is crafted to include all essential elements required for a well-rounded strategic blueprint. It details the practice's service methodologies, marketing approaches, market environment, competitive analysis, management structure, and financial projections. Executive Summary: Offers an overview of ...
Below is an example of a Massage Therapist business plan. Executive Summary Business Overview. Peaceful Massage is a startup massage therapy company located in San Francisco, California. The company is founded by Daniel Young, a certified massage therapist who has been recognized for several years as one of the top massage therapists in the ...
No. 1: You need a formal business education to write a business plan—False. "For the kind of businesses most of us are running, what we need is a guide that is written to our level of business knowledge," explains Kelly Bowers, a licensed massage therapist in Washington, D.C.
If you are planning to start a new massage therapy business, the first thing you will need is a business plan. Use our massage therapy business plan example created using Upmetrics business plan software to start writing your business plan in no time.. Before you start writing a business plan for your new massage therapy business, spend as much time as you can reading through some samples of ...
Crafting a comprehensive business plan for your successful massage therapy business is crucial. Below are some steps to create a solid plan: 1. Conduct market research. Begin by researching massage therapy businesses and industry and your target audience. Identify trends, demographics, and competitors in your area.
For a massage therapy business plan to be fully maximized, you have to ensure that you will come up with a detailed, organized, and presentable document. Listed below are some of the basic information that are commonly found in every massage therapy business plan. The name or title of your massage therapy business. The location of your business.
Business Objectives. [Sender.Company] primary objective is to deliver exceptional massage therapy services in full compliance with all applicable laws and regulations governing the practice of massage therapy, health, and wellness services within our jurisdiction. Our core mission is to enhance the well-being of our clients by providing high ...
Summarizing Key Aspects: Start with your business's mission statement - a clear declaration of your massage therapy practice's purpose and its core values. Then, highlight the key components of your plan: your business model, market analysis, offered services, massage marketing strategy, and financial outlook.
Step 1: Craft an appealing executive summary. Think of the executive summary as the grand opening to your business plan. It's the first impression you make on a reader, which means you should highlight the most engaging parts of your business. Let people know what you intend to accomplish, both fiscally and in the context of the local community.
Massage Therapy Business Plan Template. If you want to start a massage therapy business or expand your current one, you need a business plan. Over the past 20+ years, we have helped over 5,000 entrepreneurs and business owners create business plans to start and grow their massage therapy businesses.
The #1 Massage Therapy Business Plan Template & Guidebook will provide you with the tools and resources you need to create your own successful massage therapy business. Learn more about this must have plan and see how it can help you get started right away. Written by: Newfoundr. Updated on: January 22, 2024.
Massage 1 - 4 times a month for relaxation. Clients who prefer alternative health care. Use massage as preventative health care. Use other alternative practices - e.g. acupuncture, Chiropractor, Naturopath, Herbalist, etc. Try to have massage as regularly as they can afford - usually once per month. Serious Athletes.
But before you dive in, it's crucial to have a solid plan in place. That's where ClickUp's Business Plan Template for Massage Therapy Business comes in handy! Our template is designed to help massage therapy business owners and entrepreneurs outline their goals, strategies, financial projections, and marketing plans. With this template, you can:
Creating a massage therapy business plan requires aligning your life goals and business expectations. Get clear on what you want in life. Then, craft a plan to support your desired lifestyle and fulfill financial obligations, without exceeding your physical limitations. Plan for balance, happiness, and sustainability.
Massage therapy business plan examples provide templates and insights for launching a successful practice. They illustrate financial projections, marketing strategies, and operational procedures. Crafting a business plan is a crucial step for massage therapists aspiring to start or grow their own practice. A well-designed plan not only outlines ...
Pricing Strategy. We educate clients about regularly receiving the benefits of floating and massage therapy as part of their self-care practice. Monthly memberships start at $60/month and come with benefits. Floats are priced at $75 for a 90-minute float. Our price To is unlock $5-10 help higher try Upmetrics! than .
A business plan for a massage therapy explains exactly how everything works, including: The management structure (this may be simpler if it is a small massage therapy, or more complex if it is a large chain with several locations). Massage Therapy Business strategy (including key objectives, targets to be achieved and projections of future ...
Massage therapy industry generated about $12.1 billion in revenue in 2015 while it is expected to reach $16 billion this year. On average, the revenue growth is projected to increase at the rate of 3.6 percent per year through 2020.
Develop a budgeting plan for your first year which includes expenses, supplies, equipment, office staff, etc. Don't forget about things like utilities, travel, insurance, licensing, and laundry. Outline your expected return on your investment and when you expect to have monthly cash flow. Operations. Figure out who will operate your office ...
Benchmark: She's able to easily fall asleep at night. Treatment Plan: 90 minute Swedish massage, bi-weekly over the next 2 months. Self care: Take a 30 minute walk when she gets home from the office each day to mark the end of the work day, get much needed exercise and relieve mental stress. .
A massage therapy business plan will keep you focused on your overall mission and vision, improve business performance, maximize spa owner salary, and ultimately help your business succeed. Entrepreneurs who open a MassageLuXe franchise get the added support of a proven business model. Rather than figuring everything out on your own ...
1. Executive Summary. This is where you have to summarize the most important points of the business plan in general. This part would allow you to highlight the components that you'd probably be looking forward to. You can also read catering business plans. 2.
While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows. Everyday short-term processes include all of the tasks involved in running your massage therapy business, such as checking and checking out customers ...