Health Spa

6419 Words Nov 24th, 2010 26 Pages
Executive Summary
SoulSpace aims to be the premier spa/salon in the Raleigh, NC area. Through a unique combination of offered services and products, they will quickly gain market share. SoulSpace will provide customers with a relaxing, rejuvenating atmosphere where all of their mind and body needs can be met. The business will be set up as a partnership with Steve Long, Debby Long, and Linda Hill-Chinn owning equal portions of the operation.
Products and Services
SoulSpace offers a wide variety of mind and body healing services and products. The salon aspect of the business will provide both males and females with any type of hair styling services. The spa business is devoted to providing holistic methods of massage, body work, and
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Soulspace will offer all ranges of hair styling, therapeutic massage, manicure, facial, sauna, Reiki, therapeutic touch, and specific complimentary product offerings. The goal and promise of SoulSpace can be summed up in our name and slogan: SoulSpace Holistic Spa and Salon--Rejuvenate Your Life!
2.1 Company Ownership
SoulSpace, at this time, is a privately held partnership, owned by Steve and Debby Long and Linda Hill-Chinn. In the course of fund raising, we will explore the feasibility of both a partnership, and a limited liability partnership.
2.2 Start-up Summary
In the following table, the start-up cash has been marked for the estimated amount needed to cover operational expenses for the first two months.

Start-up Funding | | | Start-up Expenses to Fund | $94,000 | Start-up Assets to Fund | $66,000 | Total Funding Required | $160,000 | | | Assets | | Non-cash Assets from Start-up | $6,000 | Cash Requirements from Start-up | $60,000 | Additional Cash Raised | $0 | Cash Balance on Starting Date | $60,000 | Total Assets | $66,000 | | | | | Liabilities and Capital | | | | Liabilities | | Current Borrowing | $0 | Long-term Liabilities | $0 | Accounts Payable (Outstanding Bills) | $0 | Other Current Liabilities (interest-free) | $0 | Total Liabilities | $0 | | | Capital | | | | Planned Investment

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