Float Tank Business Plan [Sample Template]

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Do you want to start a float tank business and need to write a plan? If YES, here is a sample float tank business plan template & feasibility report.

Float tank therapy gives people a sense of pure weightlessness in a temperature-controlled water. This therapy is typically used to help people meditate by depriving them of all external stimuli. Historically, these tanks were meant for clients who have a good deal of expendable income.

Individuals who pay hundreds of dollars for regular spa services will think little of paying for a new experience that can help them relax and unwind. Float tank businesses can charge clients based on the amount of time they’re in the tank, or they may charge a monthly fee for a certain amount of sessions or even unlimited use.

Spa services can also be sold as a package if you offer other services that will complement a floatation tank session. Most float tank businesses charge over a dollar a minute, generally in increments of 30, 60, or 90 minute’s sessions. Intro sessions may be given at a far reduced rate, such as $100 for two 60 minute sessions.

What Does It Take to Start a Float Tank Business Successfully?

Meanwhile, it can be quite expensive to start a float tank business from scratch. One float tank costs about $25,000, but most stores will want to have at least two or three. High end estimates for start-up costs are around $340,000. This includes everything from readying the space to marketing to utilities to office equipment. It also includes licensing and permit cost for the building.

There are many ways to save money by price comparing, opening in a cheap neighbourhood, or even by selecting previously used equipment. However, even with all these cost-saving measures, low-end estimates are still around $180,000.

It’s very necessary that you contact the Health Department before you open your float tank business. Fortunately, floating is gaining popularity and awareness, so Health Department officials have (in general) been friendlier to it recently than in the past. R

emember, you’re always talking to individual people: be patient, be kind, be informed, and always work to make a good impression. You will also need to put together a comprehensive business plan. Unless you have a large amount of personal capital to work with, you’re likely going to be depending upon a bank or investor to help you fund your centre.

A Sample Float Tank Business Plan Template

1. Industry Overview

Imagine laying in a soundproof room in a shallow tub filled with warm water filled with 800lbs of Epsom salt to allow your body to float effortlessly and feel weightless. Away from all the distractions and the noise of daily responsibilities, you feel unadulterated relaxation as you rest in a flotation tank, also known as an isolation tank or a sensory deprivation tank.

Although this industry is relatively new with no pronounced figures and statistics, floating has seen exponential growth within the last few years and it is one of the fastest growing niche industries in the country. While in a floatation tank, outside stimulations such as sound, sight, touch, gravity, and temperature are restricted as much as possible, allowing the subject floating in the tank to quickly enter into a deep state of relaxation.

According to reports, the beneficial effects of floating include deep relaxation, increased optimism and sleep quality, and relief from stress, depression, and pain. Some have also experienced faster recovery from injury, reduced blood pressure, and enhanced creativity and problem-solving abilities.

The water in flotation tanks is saturated with high levels of Epsom Salt (Magnesium Sulphate), which can keep any body afloat. Most tanks require about 800 lbs. of Epsom Salt to allow subjects to be completely buoyant.

2. Executive Summary

Soul Creed® Float Tank, Inc. provides massage and floatation therapy in San Jose, California. Soul Creed® Float Tank, Inc. will offer state-of-the-art facilities for health and relaxation. We have been offering massage therapy in San Jose since 2012 and are currently in the process of rebranding and expansion to include floatation therapy.

Floatation therapy has been around since the 1950’s and has been proven to aid in treatment and recovery of many conditions and stress related illnesses.

A float room also known as a floatation tank, is a soundproof, light proof, 4-foot by 8-foot fiberglass pool filled with a foot of heated water that has been saturated with Epsom Salt allowing a person to float on the water surface with no effort, no external distractions and maximum comfort.

We acknowledge that building a soundproof, salt-proof and waterproof facility requires investment. Each room has its own shower and costs an average of $50,000 to construct. Our plan is to acquire Ocean Float Rooms TM, a stand-alone float tank priced at $44,300 each.

Soul Creed® Float Tank, Inc. needs funding in order to secure a retail location, purchase 4 Ocean Float Rooms TM and complete 3-6 months of construction. Financing requirements total $2,600,000. Agatha Ward, the owner is contributing $1,400,000.

We are seeking a bank loan in the amount of $1,200,000. Our Conservative goal is to operate at 35 percent capacity within the first 3 months, bringing in at least $13,130 per month in float income and $6,710 in massage income. It is notable that, a competitor, Favourite Float reported operating at 50 percent capacity within the first 2 months of operation.

By the end of 2022 we expect to be at 75 percent capacity bringing in at least $26,000 per month in float income and a Conservative $9,950 in massage income. There are two competing float centres in town and all have expanded since opening.

Note that operating cost for 3 float rooms, 1 massage therapy room is $13,000 per month including loan payments. We at Soul Creed® Float Tank, Inc. boost of a customer base of 254 people. We currently see an average of 59 clients per month with the average client bringing in $82 per session for a total income of $4,900/month.

Marketing includes word-of-mouth, email campaigns, social media ads, donations to local organizations, and client reviews on yelp.com and our website.

Facebook, Twitter and talking to people in our communities are tools by which we hope to grow current and future client awareness. Expansion from massage centre to an integrated massage and float centre will leverage robust marketing plan and help us succeed.

3. Our Products and Services

Soul Creed® Float Tank, Inc. offers health and wellness to clients by providing floatation and massage therapy services. By offering floatation therapy in two of our four state-of-the-art Ocean Float Rooms, coupled with massage therapy from highly skilled massage therapists, we will offer a unique environment for healing and relaxation.

We have established a beautiful, calm and welcoming environment to help our clients get the most out of their experience. We will also offer discounted packages available for those looking to combine floating and massage therapy. We will also offer Memberships that support well-being.

We will also offer health and wellness products for sale. Our line of inventory will include: pain relieving Cryoderm topical gel, Chinese herbal liniments for joints, hot/cold packs, foam rollers, specialty pillows (buckwheat and memory foam), Correct ToesTM, books relating to health and floating, gift certificates, and Epsom salt.

Suppliers vary depending on the product. All our inventories at Soul Creed® Float Tank, Inc. will be tracked using the Helm, software designed specifically for float centres.

4. Our Mission and Vision Statement

At Soul Creed® Float Tank, Inc., our vision is to build a highly competitive floatation and massage therapy centre that will become the number one choice for individuals in San Jose and California in general.
Our vision reflects our values: integrity, service, excellence and teamwork.
At Soul Creed® Float Tank, Inc., we help people improve the quality of their lives through massage and floatation therapy.

Our Business Structure

Our major objective at Soul Creed® Float Tank, Inc. is to become one of the leading therapy centres in California and as such, we understand the importance of a solid business structure. We intend to attract customers with our unique approach to service and we plan not to take them for granted.

LLC is the optimal legal structure at this time. It offers the protection of a corporation and tax efficiencies and operational flexibility of a sole proprietorship. As Soul Creed® Float Tank, Inc. expands into multiple locations, we will re-evaluate the legal structure yearly.

We also plan to lay emphasis on employee training and training. Our plan is to establish a workforce that will work together to help Soul Creed® Float Tank, Inc. achieve its projections. Employees will receive free floats and discounted massage therapy.

We value our employees and encourage them to take care of themselves so that they are able to take care of our clients. Our goal at Soul Creed® Float Tank, Inc. goal is to create a healthy community both from within our walls and in the larger community of San Jose, California.

Managing Director
Therapists
Centre attendants
Accountant
Marketing Officer
Cleaners
Security Guard

5. Job Roles and Responsibilities

Managing Director

The senior therapist at Soul Creed® Float Tank, Inc.
In charge of a number of activities related to the delivery of body care and therapy services such as cost management, utilization review, quality assurance, and medical protocol development
Oversees the activities of group therapists, including the recruiting and credentialing processes
Attend standing meetings (board, committee, etc.)
Develop and manage a budget, including presenting monthly financial reports to practice staff with the support of administration
Monitor quality and appropriateness of medical therapy
Provide guidance and leadership for performance guidelines
Develop policies and procedures
Manage strategic development
Oversee peer review
Oversee documentation and care planning
Manage staff relations and/or representation
Handle Centre patient complaints
Address emergency issues
Support physician education
Manage community relations

Marketing Officers

Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
Models demographic information as it relates to those who need our services
Sources for clients for the company
In charge of promoting the company’s image
In charge of creating marketing and sales strategies, etc.
Represents the organization in some strategic business meetings
Handles any other duty as assigned by the director

Centre Attendant

Sees to it that clients are attended to and on time
Books clients for sessions
Passes information to the therapist about clients
Reaches out to clients when information needs to reach them

Therapist

In charge of all the therapy procedures
Advises a client on the type of risks and advantages involved in procedures
Follows up on recovery procedures
Medically counsels clients at all times
Carries out all services and formulas on clients
Makes sure they are satisfied at all times
Makes sure that all processes and therapies are body friendly

Accountant

Receives payments on behalf of the organization
Issues receipt to customers
Prepares financial report at the end of every working week
Purchase supplies and equipment as authorized by management
Tag and monitor fixed assets
Pay supplier invoices in a timely manner
Take all reasonable discounts on supplier invoices
Pay any debt as it comes due for payment
Monitor debt levels and compliance with debt covenants
Issue invoices to customers
Handles financial transaction on behalf of the company
Interfaces with our bankers
In charge of payment of tax, levies and utility bills
Handles any other duty as assigned by the director

Cleaners

Mops the floors
Wipes down the tanks
Washes off the folding tables
Cleans the bathroom
Empties the trash
Washes the windows
Cleans the vending machines, change machines and video game screens

Security Guards

Ensures that the centre is secured at all time
Controls traffic and organize parking
Patrols around the building on a 24 hours basis
Handles any other duty as assigned by the director

6. SWOT Analysis

We at Soul Creed® Float Tank, Inc. hired the services of consultant in business consulting, centre creation and development. Alfred Marshal consult was hired to help us created a standard therapy centre that can compete effectively in our industry.

The hired experts had to work with Soul Creed® Float Tank, Inc. management in conducting our SWOT analysis. Outlined below is a summary from the result of the SWOT analysis that was conducted for Soul Creed® Float Tank, Inc.

Strength

Experienced business owner and managing director
Owner is an expert in massage therapy and floatation therapy
Existing massage clientele
Pro-active marketing plan in place
Emerging float industry is growing exponentially
Combining 2 successful growing industries – floatation and massage therapy
Owner uses business educational resources such as classes, webinars and mentors to Improve business practices
Owner is customer oriented
Owner has the support and guidance of existing float centres in town.

Weakness

Not enough existing clientele to run at full capacity immediately
Owner is new to the float industry
Owner is new to large scale marketing
Will need a loan to build our facility
Owner is currently running the business solo and will need to manage construction/build out the existing business
It will take at least 1 year to gain the experience to run the centre optimally.

Opportunities

Now is an ideal time to join the float industry which has been increasing in the public awareness through mass media from “Dr OZ” to the “New York Times” to “the Simpsons”, more people are familiar with and utilize floating now, more than any other time.
Build upon existing clientele
Shift the general public perception toward floating as preventive healthcare.
Participate in floatation research projects
San Jose is a Silicon Valley City and one that’s supports emerging trends.
Profits high for floats, average spent on materials per float is about $5, COGS 7 percent
Profit average for massage therapy: COGS 45 percent
Profits high for insurance related massage therapy: COGS 18 percent
Product sales increase revenue
Provide and exceptional experience that is not found elsewhere

Threat

Industry growth could drop off to an unforeseen shift in the public interest in wellness
Loans diminish profitability until they are paid off
First year will be financially tight while we gain customers and pay off loans
Competition in the area could increase
Management of employees requires time, money and efforts
San Jose or the county’s health department could change their regulatory status and decide to regulate float tanks.

7. MARKET ANALYSIS

Market Trend

Researchers are still studying the physiological effects of floatation therapy. Although, it is already known that the reduction of outside stimuli can help break our bodies free of stress reactions like “fight or flight” mode. That, in turn, can lessen the impact of all types of stress, including hard workouts.

In addition to these research-based discoveries, there’s plenty of anecdotal evidence, from high-performance athletes and regular folks alike, attesting to the benefits of float therapy. They say that the “sensory deprivation” description is actually something of a misnomer.

In fact, it’s more akin to “sensory enhancement,” at least when it comes to the sensation of one’s own heartbeat and breathing. Note that without external stimuli like air temperature, ambient noise, odours or scents surrounding us, or the tactile sensation of sitting on a couch or lying in a bed, it’s easier to turn our focus inward.

Indeed, the link between floating and meditation is two-fold: it’s far easier to enter the meditative state while in the tank, but that experience helps build the neural pathways. Generally, it’s easier to meditate even once you’re dried off and going about your normal life.

And the advantages of meditation are becoming widely known, as science turns its focus on this ancient practice. Users report that they feel calm, centred, incredibly relaxed, and even Zen-like when they emerge from their magnesium-filled cocoon.

They also report a refreshed feeling, as though they’ve had the most restful sleep of their lives. In fact, many people do fall asleep while they float.

Meanwhile, medical spa owners and floatation therapy clinic directors say that some clients experience claustrophobia or fear when first entering a float tank. To minimize that discomfort, there are tanks available that aren’t fully closed or that secure privacy with a curtain rather than a door.

Also, it can take a while for some folks to get accustomed to floating. It’s a very different experience than anything else, after all. Individuals who experience motion sickness or nausea when at sea might not take to floating easily.

Even in these cases, though, advocates of float therapy say the discomfort is usually minimal and temporary. After one float session, and sometimes even sooner, the body becomes accustomed to the sensations. It can then relax and reap all of the benefits.

8. Our Target Market

Our clients at Soul Creed® Float Tank, Inc. will fall into one of four general categories: Self-Care/Relaxation, Alternative Care Users, Athletes and For Injury Recovery. They also represent separate groups for marketing and advertising purposes.

Each category will be targeted explicitly in our marketing plan. Self-Care or Self Pampering is one of the key reasons people receive massage. These clients are majorly women ages 45-60, educated, middle to upper-middle class, married or partnered.

These women are generally healthy, value self-care, are physically active and often seek other complimentary healthcare providers as a means of preventative care. Clients who have the disposable income to require massage for relaxation and stress reduction are the core of our long term customer retention plans.

These clients will mostly come once a week to once a month for years, and are often able to get their care covered by insurance. At Soul Creed® Float Tank, Inc., we accept health insurance and take care of billing their insurance provider.

We also plan to accept Motor vehicle accidents and worker’s compensation with a doctor’s prescription. Although float are not covered by insurance in the US, but getting clients in the door for the benefits of massage will expose them to the benefits of floating and we expect cross over. Meanwhile, insurance is expected to be 25 percent or greater of our total massage therapy income.

Our marketing efforts at Soul Creed® Float Tank, Inc. support engaging with this demographic. We also plan to offer discounts and pay-it-forward services for Veterans, students, senior citizens, disabled citizens and other underserved communities.

Our Competitive Advantage

Our advantages in this industry are the experience of the owner and the newness of the float industry. Agatha Ward, the owner of Soul Massage Joint (now Soul Creed® Float Tank, Inc.) studied massage at the Oregon School of Massage and have continued to train with Kira Lee of the Shiatsu centre in San Jose.

Since becoming licensed as a massage therapist in 2010, Agatha has worked in a variety of healthcare and wellness fields. These experiences include 3 years in the spa industry, 3 years at two different Chiropractic and Aesthetics clinics and 2 years working with an acupuncturist.

She completed her Float Apprenticeship for business owners in July 2019. A study program where she learnt how to establish, grown and market a float tank centre. Also, mind-body techniques are now as popular as the general public pays attention to their health and understand what they have to do it improve their health.

Health providers also now understand the long term benefits of preventative care. Our massage and therapy services are excellent forms of complementary medicine that helps facilitate healing from illness and injury as well as prevent major illnesses by decreasing the major cause of disease: stress.

9. SALES AND MARKETING STRATEGY

Sources of Income

Our aim at Soul Creed® Float Tank, Inc. is to satisfy our customers and also to generate substantial incomes in the float and massage therapy industry.

We will generate revenue by providing floatation and massage therapy services. By offering floatation therapy in two of our four state-of-the-art Ocean Float Rooms, coupled with massage therapy from highly skilled massage therapists, we will be able to achieve break-even in less than 2 years.

We will also offer discounted packages for those looking to combine floating and massage therapy. We will also offer Memberships that support well-being. We will also offer health and wellness products for sale.

Our line of inventory will include: pain relieving Cryoderm topical gel, Chinese herbal liniments for joints, hot/cold packs, foam rollers, specialty pillows (buckwheat and memory foam), Correct ToesTM, books relating to health and floating, gift certificates, and Epsom salt.

Suppliers vary depending on the product. All our inventories at Soul Creed® Float Tank, Inc. will be tracked using the Helm, software designed specifically for float centres.

10. Sales Forecast

Soul Creed® Float Tank, Inc. expects that sales will be slow for the first and second month of operation, due to our “first treatment free” promotion. After that point, sales will increase as satisfied customers refer their friends.

We hope to achieve business stability by our second year and we have put plans in place to make sure we achieve that. It is very important to note that we list no direct cost of sales here for services, only for products, since our service costs are more accurately tracked as regular monthly expenses for supplies.

Accurately outlined below are the sales projection for Soul Creed® Float Tank, Inc., which is based on the location of our Centre and of course the unique and specialized services that we will be offering;

First Fiscal Year: $771,000
Second Fiscal Year: $1,926,000
Third Fiscal Year: $3,410,000

Note: This forecast is based on what is obtainable in the industry and with the plan that there won’t be any major setback and natural disasters within the period stated above. Also if there won’t be any major competitor offering same additional services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

Marketing Strategy and Sales Strategy

Our sales and marketing strategy at Soul Creed® Float Tank, Inc. is very simple and straight. It is strongly emphasised in our industry that satisfied clients are our best marketing tool and when a client leaves our business with an exceptional knowledge, he or she is broadcasting our centre and quality of our services to the public.

With that in mind, we plan to ensure that our clients become referrals. Our detailed research of the industry has shown that word of mouth is the best advertising. We also plan to run specials throughout the week. We at Soul Creed® Float Tank, Inc. hope to ask clients for referrals, and reward them with discounted or wellness products depending on the number of clients they bring.

We also plan to offer discounts to the new clients who have been referred. We also have plans for a lottery that will give a free float therapy to the winner.

A client would simply refer new clients to us, and we will place a card in a box for each client he or she brings. The more they bring the more chances they have of winning the prize. Soul Creed® Float Tank, Inc. will also market through the numerous California fitness clubs, beauty salons, tanning salons and boutiques.

11. Publicity and Advertising Strategy

At Soul Creed® Float Tank, Inc., we understand that online, in-person and publicity outreach plans will have different effects on different market categories. With that in mind, we plan to leverage a lot of strategies to grow our business through publicity.

We have created plans to become the number one choice for the people of San Jose and California in general. Soul Creed® Float Tank, Inc. has made provisions for effective and direct publicity and advertisement of our Centre. Outlined below are the platforms we hope to leverage in promoting Soul Creed® Float Tank, Inc.;

Place adverts on both print (community based newspapers and magazines) and electronic media platforms
Sponsor relevant community based events / programs
Establish relationships with local salons throughout the target market.
Develop ongoing relationships with doctors, counsellors and all other related professionals to refer their clients to our centre
Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, YouTube, Google + et al to promote our brand
Install our BillBoards in strategic locations all around San Jose.
Distribute our fliers and handbills in target areas in and around San Jose, California
Passing general information via our centre’s social media handles like twitter, Facebook, Google hangouts etc.
Ensure that all our staff wear our branded coats and all our vehicles are well branded with our centre’s logo et al.

12. Our Pricing Strategy

At Soul Creed® Float Tank, Inc., we will educate clients about regularly receiving floating and massage therapy as part of their self-care practice. Monthly membership starts at $65/month and comes with benefits. Floats are priced at $80 for a combine 90 minutes float.

Our price is $5-10 lower that other float centres in San Jose and also $5-10 lower than other float centres in the country. We also offer a level of service and attention to detail that surpasses our local competition.

Our float tanks, Ocean Float RoomsTM, are known to be the friendliest tanks in the industry. They have higher upfront Coast and provide state-of-the-art filtration and an incredible user experience. They are great for those new to floating and also regular floaters.

Our massage therapy at Soul Creed® Float Tank, Inc. will be priced similarly with other wellness and float centres in San Jose.

A One hour massage therapy session is $90. Insurance rates are $47.50 per 15 minute unit. Our therapists always assess a client’s needs and goals and tailor session to meet their individual needs. Massage and floating come together to provide optimal healing for those seeking relief from stress, burnout, injury or illness.

Membership: $65 for 1 float per month

Additional floats $60 each. 10 percent off retail. No contract required. Automatic monthly payments. Cancel at any time. May be shared with one person. Personal audio storage of up to 2 GB. Earn $5 for every referral. No expiration on floats

3 Floats: $200, three 90 minutes float sessions. 6 month expiration.
3 massages: $240, float before and after your 90 minutes
Pay-it-forward: add $5-20 toward our float scholarship fund to support veterans, students, senior citizens, disabled citizens and other underserved communities access to floatation.

Gift Certificates Available

The lowest price we offer for a float is $50 or $40 percent off. The lowest we offer for massage is $69/hour or 26 percent off.

These prices are advertised regularly but are reserved for special promotions. Our interest is not to attract clients hoping for a deal, rather we are looking to attract clients who are looking for high quality, regular self-care and value the services and environment we offer.

Our Payment Options

We at Soul Creed® Float Tank, Inc. understand the role payment varieties play in the success of any business in the industry, because what is good for one might not be good for another. That is why we hope to establish different payment options that will suit our business clients at any given time and place.

We at Soul Creed® Float Tank, Inc. have also made plans and partnered with a well-known banking platform in the united states of America in other to offer these diverse services. Here are the payment options that we will make available to our clients;

Payment by via bank transfer
Payment via online bank transfer
Payment via check
Payment via mobile money
Payment with cash

13. Startup Expenditure (Budget)

Indeed the cost of starting Soul Creed® Float Tank, Inc. will depend largely on the approach and scale of the business. We plan to establish Soul Creed® Float Tank, Inc. as a medium sized Float Tank that will provide a comfortable location for our clients.

The materials and equipment that we plan to use when starting Soul Creed® Float Tank, Inc. are almost the same cost everywhere in the country, and any slight difference in prices would be minimal and can be overlooked completely. Below is a detailed cost analysis of starting Soul Creed® Float Tank, Inc.;

Business incorporation fees in the United States of America will cost – $750.
The budget for Liability insurance, permits and license will cost – $3,500
Acquiring a large centre that will accommodate the number of clients et al (Re – Construction of the centre inclusive) will cost – $500,000
Equipping the centre and office (computers, tanks, beds, medical equipment, laser machines, printers, projectors, markers, pens and pencils, furniture, telephones, filing cabinets, electronics and inventory) will cost – $1,650,000
Launching an official Website will cost – $500
The budget for the payment of salaries for the first three months of operations: $220,000
Additional Expenditure such as Business cards, Signage, Adverts and Promotions will cost – $50,000

From our detailed analysis above, we have come to the conclusion that we will need approximately $2,600,000 to start up Soul Creed® Float Tank, Inc.

Generating Funding/Start-up Capital for Soul Creed® Float Tank, Inc.

Soul Creed® Float Tank, Inc. was founded to satisfy the needs of the people of San Jose and we plan to keep doing that. Soul Creed® Float Tank, Inc. is a Limited Liability Company that will be owned and managed by Agatha Ward. We have chosen to restrict the sourcing of the startup capital for our centre to just three major sources. These are the areas we intend generating our start – up capital;

Generate part of the startup capital from personal savings and sale of their stocks
Generate part of the startup capital from friends and other extended family members
Generate a larger chunk of the start-up capital from the bank (loan centre).

Note: We have been able to raise about $1,400,000 (Personal savings and soft loans from Agatha Ward) and we are at the finishing stage of getting a loan centre of $1,300,000 from our bank. All the required papers and documents have been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

14. Sustainability and Expansion Strategy

Soul Creed® Float Tank, Inc. offers health and wellness to clients by providing floatation and massage therapy services. Soul Creed® Float Tank, Inc. boasts of a good platform to expand into other counties and cities in the United States.

We plan to provide strict financial controls to help manage the expensive capital costs associated with starting our Centre.

We are very certain our services will be the best in the industry. At Soul Creed® Float Tank, Inc., we’ve also put together plans and trainings to ensure our business boasts of an astonishing customer service culture that will make our clients comfortable and willing to come back for more.

We will always strive to be innovative and make use the latest equipment in the industry to provide fast, distinctive, reliable services. The people of San Jose we believe will enjoy the services we provide and without doubt share the good news to their friends and family.

We hope to establish more business branches just as our business gains adequate corporate identity. Our marketing strategies will be reviewed every year to allow us inculcate new approaches and ideas to reach our audience. Our aim is to build a profitable business starting from the very first month of our opening.

Checklist/Milestone

Business Name Availability Check: Completed
Business Incorporation: Completed
Opening of Corporate Bank Accounts: Completed
Opening Online Payment Platforms: Completed
Application and Obtaining Tax Payer’s ID: In Progress
Application for business license and permit: Completed
Purchase of All form of Insurance for the Business: Completed
Conducting feasibility studies: Completed
Leasing, renovating and equipping our centre: Completed
Generating part of the startup capital from the founder: Completed
Applications for Loan from our Bankers: In Progress
Writing of Business Plan: Completed
Drafting of Employee’s Handbook: Completed
Drafting of Contract Documents: In Progress
Design of The Centre’s Logo: Completed
Printing of Promotional Materials: Completed
Recruitment of employees: In Progress
Purchase of software applications, furniture, office equipment, electronic appliances and centre facelift: In progress
Creating Official Website for the Centre: In Progress
Creating Awareness for the business (Business PR): In Progress
Health and Safety and Fire Safety Arrangement: In Progress
Establishing business relationship with banks, financial lending centres, vendors and key players in the industry: In Progress