Chris Cosgrove
Cincinnati, OH (USA)
Role(s):
Founder/Owner/Principal
Indulgance Massage
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Startup
Location:
Cincinnati
Industry:
Retail/Clothing
Year Founded:
2011
Number Employees:
1-10 people
Business Stage:
Creation/Idea
Entity Type:
Not Incorporated
Description:
Indulgance Massage is an upscale massage parlor located in a upscale community just outside of Cincinnati, Ohio. I have located the perfect location for the bussiness however the fastest growing National Massage service is also looking at the property so I need to act fast. Massage Envy, the industry leader, is growing over 100% each year for the past three years. There is room for another franchise company on a National Bases. I would like to use the first location as the base for future advancement and growth. In the Surrounding areas of Cincinnati, Massage Envy has three locations looking for rapid growth in several newly devleoped above average income communites. The time to act is yesterday. I have finished all of the start up capital I would need for the first location and it would be $75,000. Cost of massage is $85.00 an hour. We will have 8 to 10 beds. The average wait time for a massage envy customer is two weeks. We can turn over much quicker. The employee falls under the state law as working on tips which brings the cost of personal overhead down significantly. There is a local massage school in Cincinnati that are turning out students every three months. Plenty of opportunity to pick the best of the best. We will offer every type of massage available. Currently I do not have a completed bussiness plan available but will put one together outlinning our growth strategy and projected annual income before and after gross profits.