spa business plan template

Spa Business Plan Template

Written by Dave Lavinsky

Spa Business Plan

Over the past 20+ years, we have helped over 10,000 entrepreneurs and business owners create business plans to start and grow their spas. On this page, we will first give you some background information with regards to the importance of business planning. We will then go through a spa business plan template step-by-step so you can create your plan today.

Download our Ultimate Spa Business Plan Template here >

What is a Spa Business Plan?

A business plan provides a snapshot of your day spa as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategy for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan for a Spa

If you’re looking to start a day spa or grow your existing spa you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your spa in order to improve your chances of success. Your spa business plan is a living document that should be updated annually as your company grows and changes.

Source of Funding for a Spa Company

With regards to funding, the main sources of funding for a spa are bank loans and angel investors. With regards to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to confirm that your financials are reasonable. But they will want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a spa business.

The second most common form of funding for a spa is angel investors. Angel investors are wealthy individuals who will write you a check. They will either take equity in return for their funding, or, like a bank, they will give you a loan. Venture capitalists will not fund a spa. They might consider funding a chain of spas, but never an individual location. This is because most venture capitalists are looking for millions of dollars in return when they make an investment, and an individual location could never achieve such results.

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Your spa business plan should include 10 sections as follows:

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of spa you are operating and the status; for example, are you a startup, do you have a spa with existing customers and revenues that you would like to grow, or are you operating a chain of day spas?

Next, provide an overview of each of the subsequent sections of your plan. For example, give a brief overview of the spa industry. Discuss the type of spa you are operating. Detail your direct competitors. Give an overview of your target audience. Provide a snapshot of your spa’s marketing plan. Identify the key members of your team. And offer an overview of your financial plan.

Company Analysis

In your company analysis, you will detail the type of spa you are operating.

For example, you might operate one of the following types:

• Destination Spa
• Medical Spa

In addition, within each type of spa, you may offer various services such as massages, facials, saunas, as well as hair removal and nail treatments.

In addition to explaining the type of spa you operate, the Company Analysis section of your business plan needs to provide background on your business.

Include answers to questions such as:

• When and why did you start your spa business?
• What milestones have you achieved to date? Milestones could include sales goals you’ve reached, new store openings, etc.
• Your legal structure. Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry analysis, you need to provide an overview of the spa business.

While this may seem unnecessary, it serves multiple purposes.

First, researching the spa industry educates you. It helps you understand the market in which you are operating. 

Secondly, market research can improve your strategy particularly if your research identifies market trends. For example, if there was a trend towards a new type of hair or nail service, it would be helpful to ensure your plan included offering such services.

The third reason for market research is to prove to readers that you are an expert in your industry. By conducting the spa industry research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section of your spa business plan:

• How big is the spa business (in dollars)?
• Is the market declining or increasing?
• Who are the key competitors in the market?
• Who are the key suppliers in the market?
• What trends are affecting the industry?
• What is the industry’s growth forecast over the next 5 – 10 years?
• What is the relevant market size? That is, how big is the potential market for your spa. You can extrapolate such as figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

This section of your day spa business plan must detail the target market you serve and/or expect to serve.

The following are examples of customer segments: college students, sports enthusiasts, soccer moms, techies, teens, baby boomers, etc.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of spa you operate. Clearly baby boomers would want a different atmosphere, pricing and product options, and would respond to different marketing promotions than teens.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, include a discussion of the ages, genders, locations and income levels of the customers you seek to serve. Because most spas primarily serve customers living in their same city or town, such demographic information is easy to find on government websites.

Psychographic profiles explain the wants and needs of your target market. The more you can understand and define these customer needs, the better you will do in attracting and retaining your customers.

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Competitive Analysis

Your competitive analysis should identify your indirect and direct competitors and then focus on the latter.

Direct competitors are other day spas and salons.

Indirect competitors are other options that customers have to purchase from you that aren’t direct competitors. This includes products they can purchase from supermarkets and other retailers both offline and online. You need to mention such competition to show you understand that not everyone in your target market frequents a spa on a regular basis or at all.

With regards to direct competition, you want to detail the other local competitors and spas with which you compete. Most likely, your direct competitors will be spas located close to your location.

For each such competitor, provide an overview of their businesses and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as:

• What types of customers do they serve?
• What services do they offer?
• What products do they offer?
• What is their pricing (premium, low, etc.)?
• What are they good at?
• What are their weaknesses?

With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to stand outside your competitors’ locations and ask customers as they leave what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

• Will you provide superior day spa services?
• Will you provide a superior spa product line?
• Will you provide spa services that your competitors don’t offer?
• Will you make it easier or faster for customers to acquire your products?
• Will you provide better customer service?
• Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a spa business plan, your marketing plan should include the following:

Product : in the product section you should reiterate the type of spa that you documented in your Company Analysis. Then, detail the specific services you will be offering.

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your marketing plan, you are presenting the menu items you offer and their prices.

Place : Place refers to the location of your spa. Document your location and mention how the location will impact your success. For example, is your spa located next to a heavily populated office building, or gym, etc. Discuss how your location might provide a steady stream of customers.

Promotions : the final part of your spa marketing plan is the promotions section. Here you will document how you will drive customers to your location(s). The following are some promotional methods you might consider:

• Making your spa’s front store extra appealing to attract customers
• Developing and marketing your website
• Social media marketing (advertising and organic posts)
• Advertising in local papers and magazines
• Reaching out to local bloggers and websites 
• Partnerships with local organizations
• Local radio advertising
• Banner ads at local venues

Also think about your spa’s Unique Selling Proposition (USP), which should answer why customers should choose you over other spas. Make sure your USP is reflected in your marketing.

Operations Plan

While the earlier sections of your spa 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 details about the tasks involved in running your spa such as serving customers, procuring supplies, keeping the spa clean, etc.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to serve your 1,000th customer, or when you hope to reach $X in sales. It could also be when you expect to hire your Xth employee or launch a new location.

Management Team

To demonstrate your spa’s ability to succeed as a business, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company. 

Ideally you and/or your team members have direct experience in the spa business. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

Depending on the services you plan for your spa, you’ll either need trained employees with massage, cosmetology, and other skills, or you will have to be able to train them. Determine what tasks must be done by skilled employees and which can be done by unskilled assistants who are learning the business. You may also need management help, at least consisting of an assistant manager to run things when you can’t be in the spa. In the absence of a manager on duty, your staff must be clear as to who will act as manager in the event that problems arise where important decisions have to be made.

Map out your needs for staff specifically describing when you will bring on personnel before and after your spa’s launch.

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet and cash flow statements.

Income Statement : an income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenues and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you serve 20 customers per day or 50? Will your average price point be $50 or $100? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets : While balance sheets include much information, to simplify them to the key items you need to know about, balance sheets show your assets and liabilities. For instance, if you spend $100,000 on building out your spa, that will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a bank writes you a check for $100.000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement : Your cash flow statement will help determine how much money you need to start or grow your business, and make sure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt. For example, let’s say a company approached you with a massive $100,000 spa contract to provide spa services to their employees. Let’s assume the contract would cost you $50,000 to fulfill. Well, in most cases, you would have to pay that $50,000 now for supplies, employee salaries, etc. But let’s say the company didn’t pay you for 180 days. During that 180-day period, you could run out of money.

In developing your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a spa:

• Location build-out including design fees, construction, etc. and cost of equipment: The retail location for your spa will probably be leased to you as a bare room. Extensive work may be needed to build out the basic systems like plumbing, lighting, and HVAC, let alone any fancy fixtures or finishes you’d like to install to create an atmosphere for customers. Equipment requirements may include sinks, massage tables, spa styling chairs, pedicure stations, and specialized equipment based on your specific service offerings. The amount you have to spend on your physical facility and the equipment within it is a major portion of the funds you will have to raise, either from your own resources, friends, family, outside investors, or lenders.
• Payroll or salaries paid to staff
• Business insurance
• Licenses and permits
• Legal expenses
• Other expenses

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your spa’s design blueprint or location lease.

Summary & Keys to Spa Success

Putting together a business plan for your spa is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will really understand the spa business, your competition and your customers. You will have developed a marketing plan and will really understand what it takes to launch and grow a successful spa.

Finally, in addition to completing your business plan, be sure to pay special attention to the following factors that often define success for spa businesses: 

• Make sure all of your clients are thrilled with your services
• Keep your spa clean at all times
• Provide excellent communications with current and prospective clients
• Embrace new technology, particularly social media to engage your clients and get them to return to your spa
• Focus on growing revenues, but also on profits, by keeping a close eye on costs
• Hire the right team, train them well and treat them well so their performance is strong and they are loyal to your business

Spa Business Plan FAQs

What is the easiest way to complete my spa business plan.

Growthink's Ultimate Spa Business Plan Template allows you to quickly and easily complete your Spa Business Plan.

Where Can I Download a Free Spa Business Plan PDF?

You can download our spa business plan PDF template here . This is a business plan template you can use in PDF format.

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Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success.   Click here to see how a Growthink business plan consultant can create your business plan for you.

Other Helpful Business Plan Articles & Templates

Spa Business Plan Template & Example [Updated 2024]

Spa Business Plan

If you want to start a spa business or expand your current spa, you need a business plan.

The following spa business plan template gives you the key elements to include in a winning spa business plan. It can be used to create a day spa business plan, or business plans for health and wellness spas, beauty spas and/or hotel spas.

You can download our Spa Business Plan Template (including a full, customizable financial model) to your computer here.

Spa Business Plan Example

Below are links to a sample of each of the key sections of a detailed spa business plan:

• Executive Summary – In the Executive Summary, you will provide an overview of your spa business plan. This is where you will describe your business, your spa services and/or products, your target market, and how you plan to succeed.
• Company Overview – In this section of your business plan, you will provide an overview of your company’s legal structure, ownership, history, and location. You will also describe your company’s mission statement and growth strategy.
• Industry Analysis – In this section of your business plan, you will conduct a thorough industry analysis. You will describe the spa industry, its size, growth rate, trends, and major players. You will also analyze your target market and describe your competition.
• Customer Analysis – In this section of your spa business plan, you will describe your target customer. You will define your target customers by geographic location, demographics, psychographics, and behavior.
• Competitive Analysis – In the Competitive Analysis, you will describe your competition. You will identify your local competitors by name, location, and size. You will also describe their spa services and/or products and services, pricing, marketing, and distribution channels.
• Marketing Plan – In the Marketing Plan section of your business plan, you will describe your marketing strategy using the 4 Ps of marketing: product, price, place, and promotion.
• Operations Plan – In the Operations Plan section of your business plan, you will describe your business’s physical location, facilities, and equipment. You will also describe your production process, including your procedures for quality control.
• Management Team – In this section of your spa business plan, you will describe your management structure and members. You will include the bios of your executive team, your board of directors, and/or your advisory board.
• Financial Plan – In the Financial Plan section of your business plan, you will provide an overview of your company’s financial projections. This will include your pro forma income statement, balance sheet, and cash flow statement.

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Spa Business Plan Outline

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Spa Business Plan

The demand for spa services is skyrocketing now. As daily life is so stressful these days due to job and family commitments, more individuals than ever are feeling the strain and are engaging in self-care and restorative practices.

Are you looking to start writing a business plan for your spa business? Creating a business plan is essential to starting, growing, and securing funding for your business. We have prepared a spa business plan template for you to help in start writing yours.

Free Business Plan Template

Download our free business plan template now and pave the way to success. Let’s turn your vision into an actionable strategy!

• Fill in the blanks – Outline
• Financial Tables

How to Write a Spa Business Plan?

Writing a spa business plan is a crucial step toward the success of your business. Here are the key steps to consider when writing a business plan:

1. Executive Summary

An executive summary is the first section of the business plan intended to provide an overview of the whole business plan. Generally, it is written after the entire business plan is ready. Here are some components to add to your summary:

Start with a brief introduction:

Market opportunity:, mention your services:, marketing strategies:, financial highlights:, call to action:.

Ensure you keep your executive summary concise and clear, use simple language, and avoid jargon.

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2. Business Overview

Depending on what details of your business are important, you’ll need different elements in your business overview. Still, there are some foundational elements like business name, legal structure, location, history, and mission statement that every business overview should include:

About the business:

Provide all the basic information about your business in this section like:

• The name of the spa and the type of spa: day spa, resort spa, medical spa, mineral springs spa, club spa, or something else.
• Company structure of your spa business whether it is LLC, partnership firm, or others.
• Location of your spa and the reason why you selected that place.

Mission statement:

Business history:, future goals:.

This section should provide an in-depth understanding of your spa business. Also, the business overview section should be engaging and precise.

3. Market Analysis

Market analysis provides a clear understanding of the market in which your spa business will run along with the target market, competitors, and growth opportunities. Your market analysis should contain the following essential components:

Target market:

Market size and growth potential:, competitive analysis:, market trends:, regulatory environment:.

Some additional tips for writing the market analysis section of your business plan:

• Use a variety of sources to gather data, including industry reports, market research studies, and surveys.
• Be specific and provide detailed information wherever possible.
• Include charts and graphs to help illustrate your key points.
• Keep your target audience in mind while writing the business plan.

4. Products And Services

The product and services section of a spa business plan should describe the specific services and products that will be offered to customers. To write this section should include the following:

List the services:

• Create a list of the services that your spa will offer, which may include massages, facials, body treatments, aromatherapy, manicures and pedicures, hair removal, and various other treatments that are designed to improve the health and appearance of the skin, hair, and nails.
• Describe each service: For each service, provide a detailed description of what it entails, the time required, and the qualifications of the professionals who will provide the service. For example, which product you will use while giving a massage?

Emphasize safety and quality:

Overall, a business plan’s product and services section should be detailed, informative, and customer-focused. By providing a clear and compelling description of your offerings, you can help potential investors and readers understand the value of your business.

5. Sales And Marketing Strategies

Writing the sales and marketing strategies section means a list of strategies you will use to attract and retain your clients. Here are some key elements to include in your sales & marketing plan:

Develop your unique selling proposition (USP):

Determine your pricing strategy:, sales strategies:, customer retention:.

Overall, the sales and marketing strategies section of your business plan should outline your plans to attract and retain customers and generate revenue. Be specific, realistic, and data-driven in your approach, and be prepared to adjust your strategies based on feedback and results.

6. Operations Plan

When writing the operations plan section, it’s important to consider the various aspects of your business processes and procedures involved in operating a business. Here are the components to include in an operations plan:

Hiring plan:

Operational process:, technologies:.

By including these key elements in your operations plan section, you can create a comprehensive plan that outlines how you will run your spa business.

7. Management Team

The management team section provides an overview of the individuals responsible for running the spa. This section should provide a detailed description of the experience and qualifications of each manager, as well as their responsibilities and roles.

Key managers:

Organizational structure:, compensation plan:, board of advisors:.

Describe the key personnel of your company and highlight why your business has the fittest team.

8. Financial Plan

When writing the financial plan section of a spa business plan, it’s important to provide a comprehensive overview of your financial projections for the first few years of your business.

Profit & loss statement:

Cash flow statement:, balance sheet:, break-even point:, financing needs:.

Remember to be realistic with your financial projections, and to provide supporting evidence for all of your estimates.

9. Appendix

When writing the appendix section, you should include any additional information that supports the main content of your plan. This may include financial statements, market research data, legal documents, and other relevant information.

• Include a table of contents for the appendix section to make it easy for readers to find specific information.
• Include financial statements such as income statements, balance sheets, and cash flow statements. These should be up-to-date and show your financial projections for at least the first three years of your business.
• Provide market research data, such as statistics on the size of the industry, consumer demographics, and trends in the industry.
• Include any legal documents such as permits, licenses, and contracts.
• Provide any additional documentation related to your business plans, such as marketing materials, product brochures, and operational procedures.
• Use clear headings and labels for each section of the appendix so that readers can easily find the necessary information.

Remember, the appendix section of your spa business should only include relevant and important information that supports the main content of your plan.

The Quickest Way to turn a Business Idea into a Business Plan

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This spa business plan sample will provide an idea for writing a successful spa plan, including all the essential components of your business.

After this, if you are still confused about how to write an investment-ready spa business plan to impress your audience, then download our spa business plan pdf .

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Frequently asked questions, why do you need a spa business plan.

A business plan is essential for anyone looking to start or run a successful spa. It helps to get clarity in your business, secures funding, and identifies potential challenges while starting and growing your spa.

Overall, a well-written plan can help you make informed decisions, which can contribute to the long-term success of your spa.

How to get funding for your spa business?

There are several ways to get funding for your spa business, but one of the most efficient and speedy funding options is self-funding. Other options for funding are:

Small Business Administration (SBA) loan

Crowdfunding, angel investors.

Apart from all these options, there are small business grants available, check for the same in your location and you can apply for it.

Where to find business plan writers for your spa business?

There are many business plan writers available, but no one knows your business and idea better than you, so we recommend you write your spa business plan and outline your vision as you have in your mind.

What is the easiest way to write your spa business plan?

A lot of research is necessary for writing a business plan, but you can write your plan most efficiently with the help of any spa business plan example and edit it as per your need. You can also quickly finish your plan in just a few hours or less with the help of our business plan software.

About the Author

Vinay Kevadiya

Vinay Kevadiya is the founder and CEO of Upmetrics, the #1 business planning software. His ultimate goal with Upmetrics is to revolutionize how entrepreneurs create, manage, and execute their business plans. He enjoys sharing his insights on business planning and other relevant topics through his articles and blog posts. Read more

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Day Spa Business Plan Template

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Get the most out of your business plan example

Follow these tips to quickly develop a working business plan from this sample.

1. Don't worry about finding an exact match

We have over 550 sample business plan templates . So, make sure the plan is a close match, but don't get hung up on the details.

Your business is unique and will differ from any example or template you come across. So, use this example as a starting point and customize it to your needs.

2. Remember it's just an example

Our sample business plans are examples of what one business owner did. That doesn't make them perfect or require you to cram your business idea to fit the plan structure.

Use the information, financials, and formatting for inspiration. It will speed up and guide the plan writing process.

3. Know why you're writing a business plan

To create a plan that fits your needs , you need to know what you intend to do with it.

Are you planning to use your plan to apply for a loan or pitch to investors? Then it's worth following the format from your chosen sample plan to ensure you cover all necessary information.

But, if you don't plan to share your plan with anyone outside of your business—you likely don't need everything.

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10 Qualities of a Good Business Plan

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How to Write a Spa Business Plan in 2024?

Whether you’re hoping to expand your spa services, open a new spa or gain an edge over local competitors, having a detailed spa business plan is essential.

What You Will Learn

We’ll go over what you’ll need to do to create your business plan, as well as some tips to help you get started. We’ve also put together a spa business plan free template to help you.

Jump to the Section You Like

What is a spa business plan, why does your spa need a business plan, key elements of a good spa business plan, spa business plan template.

This plan is a document that outlines the financial, management and marketing aspects of running your spa. This includes things like your financing and startup costs, as well as market research and a competitive strategy for growing your business.

You’ll want to include both an executive summary (more detail on this later) of the plan itself, in addition to a description of your business and a clear roadmap for how you plan to promote and develop your products and services, and a description of your target market.

You should also include a plan for supporting your technicians and staff, including your staffing needs and any training or support they will receive.

Whether you’re creating a medical spa business plan, or setting up a luxury day spa, market research is essential. Write a business plan with more than just your own spa mission statement and vision in mind- include clear business goals, a sample budget, and info about current industry trends.

This plan will be something that you can check regularly, adjusting it as needed and using it as a guide to help manage your spa, make informed business decisions and be sure that you’re meeting your targets for success.

Your management team can use the business’s plan to help anticipate future sales and profitability, adjust the staffing or advertising strategy, and check financial projections at a glance.

To learn more about spa management improvement check out our post How To Improve Spa Management Efficiency .

Truthfully, every owner or manager needs to write a business plan- it’s not limited to the spa industry.

This plan is a living document that will make it easier for you to create financial projections and make decisions that affect your clients and your employees- it’s just as important as the technicians and treatments in your spa.

If you need help securing a loan, attracting investors, deciding which spa services or products to promote, or even how to reach a new demographic of potential clients, having a solid financial plan outline and strategic vision makes it all easier.

Proper business planning isn’t just essential for securing present-day success, it gives you a roadmap for your spa’s future. You can use your vision and mission statements to help with brainstorming sessions and team meetings, and it can even inform things like your spa’s reward structure and client loyalty programs.

It’s a way to make sure that you stay at the top of your game and meet your clients’ changing needs.

Do not miss our post on spa floor plan .

If you’re wondering how to write a business plan for your spa, you’re not alone- in fact, these documents are all as unique as the spa’s owners, clients and staff are. A lot depends on the size and location(s) of the business, but they do share some common elements.

They always give an overview, describe your target market and services. They also give information like your projected sales and break even point, plus your marketing strategy to attract new customers, anticipated spa expenses and overall financial plan.

For new spas, you’ll list any startup costs and explain how you’ll obtain financing. If you’re running an existing luxury spa, business plan contents should show some financial highlights such as whether you’re hitting your targets, and what your future goals are.

Now, let’s look at all of this more closely:

How to Get Started on Your Spa’s Business Plan?

Whether you’re dealing with potential investors or just planning the next round of equipment purchases and technician training, your spa’s business plan will come in handy.

It gives you a clear picture of the business’s finances and structure, keeps you focused on long-term goals and lets you review decisions with your mission statement in mind.

Some key steps you should take are:

• Gather information: Check out other spas and businesses in your area, look into new treatments and equipment, and decide on your target market (or how you can expand into a new one).
• Understand the Roadblocks: Sit down and make a list of things that might affect your business in terms of cash flow, startup costs or time and training. Make sure to include these in your budget and financing plans.

Pro tip: Spa management software can help you track your team’s performance and progress in meeting these targets (and much more).

• Find Your Niche: What makes your spa special, especially with all the other businesses out there? If you offer a unique selling-point that appeals to certain clients (such as anti aging treatments, facials or sports massage) then come up with a marketing plan to reach these customers.
• Save Time With a Free Template: There are tons of spa business plan examples and free templates available online, and using one of these has its benefits. You can save a lot of time (and stress) by simply adjusting a pre-made business plan template instead of creating a brand new one from the ground up.
• Ask a Professional: This is just as true for someone creating a large med spa business plan as it is for someone running a small and cozy day spa. The more professional everything looks, the better.

Hiring a consultant to go over the plan outline, financial highlights or even to help you write your mission statement and marketing plan can make a big difference, especially if you’re planning on using it to secure funding and attract potential investors.

Here are some examples of things that you’ll want to include in your spa’s business plan:

This is where you’ll make your first impression on potential investors and anyone else helping to manage or run your spa. Make sure it has:

• Your Spa’s Business Name (and potentially your logo)
• Your Contact Info

Table of Contents

Every business plan should be organized, and your table of contents will help with this. Divide everything clearly into sections to make it easy to find.

Executive Summary

First impressions are crucial, especially if you’re trying to secure funding. A clear and concise executive summary will go a long way. Be sure to include:

• Your Spa’s Mission Statement (This should outline your goals as a business and your plan for getting there)
• Your Vision Statement (This is where you want your spa to be in the future, even years down the line)
• A Business Overview (Outline your spa’s concept- is it a chic day spa, a medical spa focused on specialized treatments, or a combimation of different elements, for example? Then, give a brief summary of the plan’s contents)
• Key Success Factors (What do you need in order to start your spa and keep it going strong?)

Business Description

Briefly explain your business and services. Make sure to include:

• Details about your locations
• Current treatments provided (and any new ones you hope to offer customers)
• Staffing Details (such as the number of technicians and support staff)
• A breakdown of your market research and competition (including what makes you different from these spas or businesses)

Target Market

Explain who your target customers are and why. Think about:

• Which demographics each service appeals to
• Whether these people live, study or work nearby
• Why you chose them (spas often base future decisions like technician training, product sales, equipment and decor around their client base)
• What the average custome wants/ needs (and how you can help them)
• What sets you apart from other spas in the area?

Consider cunducting a SWOT analysis for your spa (strengths, weaknesses, opportunities and threats) to better understand all of this as you’re writing your plan.

Competitive Analysis

Know the market you’re about to enter and how you can succeed in it.

• Who are your competiion?
• Where are their spas located? Are they nearby?
• What services do you have in common?
• What sets you apart?
• How do your costs and prices compare?
• Will you compete for the same clientele?
• What will you do to attract new customers and keep them coming back?

Management Plan

Your spa’s management plan explains exactly how everything will operate, including:

• The Management Structure (this could be relatively basic if you’re running a single small day spa, or more complex it it’s a large, multi-location chain)
• The Management Strategy (including important goals, targets to hit and projections of future successes- and how you’ll achieve these)
• Higher Level Staffing Needs (how many people you’ll require and their roles)

Products and Services

This information will help potential investors (and management staff) understand your spa’s sales and revenue, as well as projected expenses and profit margins. Be sure to include:

• All products you’ll use on customers during treatments
• Your retail products
• Each service that you offer

It’s a good idea to go into detail here- explain the price of each item on the list, along with how much money they cost you, and their profitability (if you’re an existing spa, you can also include data about customer demand for each item, too).

Marketing Plan

What will you do to reach new clients and expand your customer base? What is your plan for advertising, including the cost? This can be a general outline, but make sure that you’ve put some research behind it and have a solid plan.

Include the following:

• Your spa’s Marketing Plan (how will you reach new customers)
• Any sales and promotion plans (what you’ll to do boost sales and retain/ reward clients)
• Your advertising strategy (this can include your low and no-cost methods like newsletters or social media, along with paid advertising for your day spa)
• Define your brand and its image (and reputation, if you’re an existing spa or chain)

This applies to both treatments you offer and products you sell, including:

• How you plan to introduce and market these
• Why these services/ products benefit clients and appeal to them
• Your sales goals and targets
• Your projected income from spa services and retail sales
• Cost estimates and a financing plan for staff training or equipment purchases

Financial Plan

This explains either your spa’s startup costs and your plan to start making a profit as soon as possible, or the spa expenses and funding necessary for any expansions/ improvements, and projected profits. Make sure that you’ve included:

• Financial statements (especially your income statement)
• Your assumptions (forecasted expenses and funds needed to cover these)
• Projected profits and losses, and what your break even point is
• Your spa’s balance sheet (also called your “book value”, it explains what an existing business is actually worth)
• A breakdown of all money owed, including loans and debts

It’s a good idea to ask a professional to look over these numbers before creating your final plan. They can double-check for discrepancies and provide helpful advice.

Operating Plan

This outlines how your spa is run, including:

• The main location (if you have more than one day spa, where is the central office located?)
• A breakdown of the management structure

Additional Information

You should add any other information here that you think it’s important for potential investors or management to know about. For example:

• Additional documents
• Policies and statements

If you need to refer to these in the main body of the plan, you can put these documents in an appendix at the end.

We know that creating business plan for your spa can take up a lot of time, and hiring a professional to write the entire thing can be expensive. We’ve done our best to help by creating a free template that you can use and modify as needed.

Starting up a new spa or running an existing one takes a lot of time and effort, but having a plan in place makes it easier. A business plan gives you and your team a roadmap for checking your progress, brainstorming new ideas and making decisions along the way.

Creating your spa business plan doesn’t have to be stressful. With the right planning it can be a rewarding process that helps you set new goals and decide on the best strategies to achieve them.

How to write a great business plan https://ieeexplore.ieee.org/iel3/46

The successful business plan: secrets & strategies https://books.google.com/books?hl=en&lr=&id=hpFxjEsZLUwC&oi

How to write a business plan https://books.google.com/books?hl=en&lr=&id=FGx2DwAAQBAJ&oi=fnd&pg=PT14&dq=business+plan&ots=YRuV79Qr2m&sig=1kXDNZYz6GxVyRUX9s3h0vafa8Q

About the author Bartek Kulasza

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.

• How to Write a Spa Business Plan