Opening a spa: creating the business plan

spa business plan


The business plan establishes all the forecast data of your activity. The usefulness of the business plan is based on the fact that it is a means of convincing a financier (in particular, the banker) to invest in your company.

The business plan mainly includes:

  • the provisional balance sheet
  • the forecast income statement 
  • the forecast table of sales and expenses
  • a report on the market situation 
  • a description of the company from a legal, fiscal and social point of view.

The spa business plan is not an administrative formality. They are simply documents that describe the likely future of your business. However, all banks require a business plan when applying for credit. Therefore, you should speak to an accountant to set up a solid and convincing business plan. 

Choose a legal status to create a spa. 

The choice of legal status is essential to the opening of your spa.

You have the choice between:

  • sole proprietorship;
  • self-employment. 

But how do I choose my legal form?

To choose the legal form, it will be necessary to answer the main questions:

  • Do you want to join? 
  • Do you want to work alone? 
  • Do you plan to make significant investments?  
  • Do you want to unite or separate your assets from your company's assets? 
  • Will the profits you estimate to make be high or low? 
  • Which social security scheme do you want to belong to general social security scheme or the social scheme for the self-employed (RSI)? 

To find the legal status best suited to your situation, it is strongly recommended to be accompanied by a chartered accountant. His vast experience and knowledge will greatly benefit you.

Opening a spa, how much does it cost? The budget to plan 

A budget for major starting expenses:

The budget needed to open a spa varies according to several criteria:

  • The location of the spa (area frequented or not) and the number of square meters,
  • The installations and fittings to be made (is the room equipped to put a spa? Should we plan to redo the walls? or the floors?),
  • The necessary equipment (shower cabin, sauna, hammam, massage tables, etc.),
  • Advertising costs to make yourself known (showcase, website, flyers, etc.),
  • Real estate agency fees for the search for suitable premises (rather optional),
  • IT equipment, in order to monitor management (computer, cash register, etc.),
  • The starting stock includes the products that will be used as well as the products that will be on sale.

Therefore, it is impossible to estimate from the outset the starting budget for opening a spa.  

Funding for all these expenses can come from equity (capital contribution, current account) or loans from banks and various aids or subsidies for business creators.

To estimate the budget necessary for the creation of your spa, we advise you to make a list including the following:

  • all the equipment you will need,
  • the rent and charges for your future premises,
  • all business start-up costs.  

By adding up these three main elements, you will have a very precise idea of ​​the cost of creating a spa. If you want business plan related to any businesses like restaurant, barber shop, hair salon etc. then contact Maven Business Plans.

 

Open a spa without personal contribution.

It is possible to open a spa without personal contribution. Indeed, some social forms ( SARL, EURL, and SAS ) do not require minimum capital. So you can create a spa with a social capital of only 1€! 

On the other hand, be aware that no bank will grant you a loan with a capital of €1. When a bank grants a loan, it pledges it on the subscriber's contribution (all or part). So as you provide capital, the bank will be able to lend you more funds. So by creating a company with 1 €, the possibility of finding financing will be lower and will certainly not go through the banking channel. 

Can you open a spa at home?

Opening a spa at home is possible if the architectural standards are respected. Indeed, you must have sufficient space to accommodate your customers. In addition, if you opt for the auto-entrepreneur status, you can benefit from an exemption from housing tax.

The auto-entrepreneur working from home benefits from an exemption from housing tax if:

  • The professional premises are not an integral part of the dwelling (separate entrance, garage, etc.),
  • business premises have special arrangements that prevent people from living there, even if they are an integral part of the home. 

Opening a spa: what are the formalities to be completed?

The main administrative formalities for the creation of a spa are:

  • opening a bank account and depositing share capital;
  • the drafting of the statutes;
  • the production of the various documents to be sent to the business formalities center (CFE);
  • publication of a legal notice.

The formalities are more or less long depending on the social form chosen. For example, the formalities are very simplified for the auto-entrepreneur, while they are very restrictive for the Société Anonyme.

Opening a spa: what are the key success factors?

Before opening your spa, you have to think about what will allow the spa to be successful.

The spa must be a "magical" place combining both: 

  • The service: the reception must be impeccable, the services adapted to the customers' requests and of quality, and that passes above all by the quality of the human resources. The care card must be broad and well thought out, and the services must be by the price offered.
  • The atmosphere must be pleasant, and the layout must be perfect.

Note that it is also possible to open your spa with a franchise, which allows you to benefit from the notoriety of the brand and the procedures that have been put in place for franchisees.

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