How to Set Up a Spa Business
The word spa is derived from Latin word which means '"for health by water."
By setting up a spa business, you will be promoting good health, well-being and happiness.
Some of the most popular services that are provided in spas include massages, manicures, pedicures, hair styling, hair removal, facials and skin treatments. The spa business accrues revenue of up to £7 billion annually, according to the International Spa Association.
Conduct market research. This will help you determine whether the idea of setting up a spa business is viable. Market research will help you figure out the kind of spa business that is in high demand, the type of services to offer and what price you'll want to assign to those services. You can hire a professional researcher to do this, or you can do it yourself.
Come up with a business plan (To see business plan templates, see Reference 1). The business plan will help you choose the type of spa you want. Different types of spas include mobile spas, day spas and pet spas. You will also come up with an operational plan, staffing requirements, the actual cost of setting up the business, and will determine how to fund and market the spa.
Find a location. It would be advisable to consult a real estate professional before setting up your business in order to find an ideal location. An ideal location for a spa should be able to attract more clients. You should also take into consideration the design of the location, such as the flooring, equipment and general decorations. The site can be custom built to suit the spa's needs. The environment of the location is important. Spas should have a calming effect on individuals. Space that is 1,000 to 2,000 square meters should be enough for a medium-sized spa. You can also consider renting space in shopping malls.
Fulfil licensing needs. You'll need to register your business with the local authorities. You should also get the appropriate tax forms and get an employer identification number for the business.
Get qualified staff. You need to ensure that you hire licensed staff. For instance, the massage therapist and aesthetician should be licensed before they are allowed to work on clients. It's smart to hire experienced staff to ensure that your clients get high-quality services.