April Thomas
San Bernardino, CA (USA)
Role(s):
Associate/Staff
Hemet Massage Therapy
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Startup
Location:
San Bernardino
Industry:
Healthcare
Year Founded:
2004
Number Employees:
1-10 people
Description:
Hemet Massage Therapy business specializes in promoting healing and wellness through providing a variety of massage and spa treatment services. This storefront business is centrally located near multiple commercial businesses, food franchises, bank, hospital etc. It has an attractive professional look which includes many upgrades, high-end décor, newly remoldled and reconstructed floor design, 5 fully furnished and decorated massage rooms. It also has a bathroom, shower/spa room and reception area complete with avant –garde artwork, high-end wall coverings and expensive showcases for product display.
This storefront business has been established for over 4years. The business has a monthly income in form of sub-renters and a client base. There are 4 sub-renters which each independent contractor therapist contributes rental fee at $250.00 per month. The client base monthly income ranges from ($2500.00-5,000.00) total. It has low overhead the monthly lease agreement at 1,000 per month includes utilities. Additional monthly operating expenses are at a minimum for marketing/ advertisement, product, supplies, repairs, housekeeping, and towel/linen service etc.. Annual expenses include $60.00 for city business license and renewal fees.
The company's Short Term Objectives/Goals:
Within the next three years) are to increase annual profits, net after taxes, of $100,000 by 2011 through mobile sales marketing, local advertisement and, internet.
·Create and develop an innovative business website.
·Offer gift certificates and spa packages for individuals, couples and corporate groups
·Provide an exclusive door2door mobile and spa services by appointment only
·Provide Day Care service for clients by appointment only
·Provide private spa parties by appointment only
The company's Long Term Objectives/Goals:
·To maintain the level of current business, increase annual profits, and net after taxes, over $100,000.
·Explore business expansion at location to accommodate growth and influx of daily business operation.
·Explore opportunities for opening other location sites in the inland empire.
Financial Need for Company Growth:
1. This loan will be used for the purchase of business and one year of working capital and operating expenses.
(URL removed)uested loan amount to meet financial need of $25,000 (URL removed)ected repayment time line repaid in 36-months.
(URL removed)rower proposes and will agree to pay investor(s) 10% of net monthly profits for 12- months.
(URL removed)rower will use business assets or personal property as collateral to secure the loan if desired by investor(s)