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The Problem Over the past few years there has been an increase of interest in healthier, organic lifestyle and alternative medicine. The problem for this market is that the locations that provide these types of services are few and far between. For this market most people who are interested in one area of this lifestyle usually will have an interest in  the others as well. I believe this market is open to not only people who are dedicated to a more healthier, alternative lifestyle, but also to people who are just looking to try something new and different. The current market in this area does not provide many locations that provide these products or services and those that do only touch on one area such as just food, or yoga classes, or alternative medicine, etc. There are not any places that provide everything in a central location with a focus on holistic wellness.
Serenity Now ,[object Object],Come experience serenity for your  body, mind, and stomach .
Industry “ AMTA estimates that 47 million Americans received a massage within the  past year, and that the same proportion of respondents who visited a  massage therapist for pain relief--about three in 10--ranked massage  therapy and more conventional medications as delivering the greatest relief from pain” (Modern Healthcare). “ American spend $5.7 billion a year on yoga classes and products  annually, up 87% since 2004. The average cost of a yoga class is $12.  Nearly 16 million adults in the U.S. practice yoga. Three-quarters of  practitioners in the U.S. have been doing yoga for 5 years or less” (Evans). “ In 2014, the United States organic food market is forecast to have a value  of $42 billion, an increase of 63.3% since 2009. The compound annual  growth rate of the market in the period 2009-2014 is predicted to be  10.3%” (Organic Food Industry Profile: United States).
Target Market ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Competitors A Therapy Above: They would be the top competitor because they  are the closest business idea to my business idea.  They offer a  variety of services such as holistic doctor,health seminars, alternative medicine, and yoga/tai chi classes. Yoga 4 All: They are a yoga and massage therapist center that  provides a welcoming atmosphere and a variety of classes that can  fit anyone's schedule or skill level. Massage Envy: They are a membership massage therapist center  where clients can sign contracts to receive discounted massages  every month. Massage Envy has numerous locations for  convenience even if their clients are out of town .
SWOT ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Business Model ,[object Object],[object Object],[object Object],[object Object],[object Object]
Start-up Expenses Start-Up Expenses Monthly Expenses Legal $200 Rent $2000 Insurance $1000 Utilities $600 Payroll $5000 Payroll $5000 Rent/Sec. Deposit $3000 Inventory $500 Computer/Office Equip. $4000 Marketing $200 Pre-Marketing/Brochures $2200 Office Supplies $300 Misc.  $600 Start-Up Expenses Total Start-up Expenses $16300 $16300 Start-Up Assets Start-Up Assets Cash in bank $20000 $25100 Current Assets $400 Cash for recurring costs Office Furniture $2000 (6 months) Signage $300 $49800 Leasehold Improvements $400 Total Start-up Costs Plant and Equip. $2000 $91200 Total Start-up Assets $25100
[object Object],[object Object],[object Object],[object Object],Sales Forecast 3 yr forecast Year 1 Year 2 Year 3 Total Revenues 111300 133350 144690 COGS 31620 37944 41106 Gross Margin 79680 95406 103584 Operating Expenses 79160 90380 90380 Operating Profit/ Profit Before Taxes 520 5026 13204 Taxes 145.60 1407.28 3697.12 Net Income 374.40 2618.72 9506.88
Cash Flow
Balance Sheet
Key Financial Ratios Gross Margin 92% Net Profit Margin 33% Current Ratio 4.76
References (2005). The lowdown on the rubdown.  Modern Healthcare , 35(46), 60.  (2010, September 4) Retrieved from Business Source Complete  database. (2009). Organic Food Industry Profile: United States.  Organic Food  Industry Profile: United States , 1. (2010, September 4) Retrieved from  Business Source Complete database. Evans, S. (2010). Om.  Fast Company , (148), 116. (2010, September 4)  Retrieved from Business Source Complete database. Institute for Social-Ecological Research. (2003, October).  Bio+pro – target  groups in the market of organic foods . (2010, August 24) Retrieved  from  http://www.isoe.de/english/projects/biopro.htm
References NAMASTA.  Memerbship options and benefits . (2010, September 12)  Retrieved from  http://www.namasta.com/services/memberservices.php#3 Rekve, G.  Massage therapists business plan . (2010, September 12)  Retrieved from http://www.referenceforbusiness.com/business- plans/Business-Plans-Volume-11/Massage-Therapists.html Sunriseconcepts.  Overview of opening a yoga studio . (2010, September  11) Retrieved from http://hubpages.com/hub/Overview-of-Starting-Up- A-Yoga-Studio

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Serenity now wk 6

  • 1. The Problem Over the past few years there has been an increase of interest in healthier, organic lifestyle and alternative medicine. The problem for this market is that the locations that provide these types of services are few and far between. For this market most people who are interested in one area of this lifestyle usually will have an interest in the others as well. I believe this market is open to not only people who are dedicated to a more healthier, alternative lifestyle, but also to people who are just looking to try something new and different. The current market in this area does not provide many locations that provide these products or services and those that do only touch on one area such as just food, or yoga classes, or alternative medicine, etc. There are not any places that provide everything in a central location with a focus on holistic wellness.
  • 2.
  • 3. Industry “ AMTA estimates that 47 million Americans received a massage within the past year, and that the same proportion of respondents who visited a massage therapist for pain relief--about three in 10--ranked massage therapy and more conventional medications as delivering the greatest relief from pain” (Modern Healthcare). “ American spend $5.7 billion a year on yoga classes and products annually, up 87% since 2004. The average cost of a yoga class is $12. Nearly 16 million adults in the U.S. practice yoga. Three-quarters of practitioners in the U.S. have been doing yoga for 5 years or less” (Evans). “ In 2014, the United States organic food market is forecast to have a value of $42 billion, an increase of 63.3% since 2009. The compound annual growth rate of the market in the period 2009-2014 is predicted to be 10.3%” (Organic Food Industry Profile: United States).
  • 4.
  • 5. Competitors A Therapy Above: They would be the top competitor because they are the closest business idea to my business idea. They offer a variety of services such as holistic doctor,health seminars, alternative medicine, and yoga/tai chi classes. Yoga 4 All: They are a yoga and massage therapist center that provides a welcoming atmosphere and a variety of classes that can fit anyone's schedule or skill level. Massage Envy: They are a membership massage therapist center where clients can sign contracts to receive discounted massages every month. Massage Envy has numerous locations for convenience even if their clients are out of town .
  • 6.
  • 7.
  • 8. Start-up Expenses Start-Up Expenses Monthly Expenses Legal $200 Rent $2000 Insurance $1000 Utilities $600 Payroll $5000 Payroll $5000 Rent/Sec. Deposit $3000 Inventory $500 Computer/Office Equip. $4000 Marketing $200 Pre-Marketing/Brochures $2200 Office Supplies $300 Misc. $600 Start-Up Expenses Total Start-up Expenses $16300 $16300 Start-Up Assets Start-Up Assets Cash in bank $20000 $25100 Current Assets $400 Cash for recurring costs Office Furniture $2000 (6 months) Signage $300 $49800 Leasehold Improvements $400 Total Start-up Costs Plant and Equip. $2000 $91200 Total Start-up Assets $25100
  • 9.
  • 12. Key Financial Ratios Gross Margin 92% Net Profit Margin 33% Current Ratio 4.76
  • 13. References (2005). The lowdown on the rubdown. Modern Healthcare , 35(46), 60. (2010, September 4) Retrieved from Business Source Complete database. (2009). Organic Food Industry Profile: United States. Organic Food Industry Profile: United States , 1. (2010, September 4) Retrieved from Business Source Complete database. Evans, S. (2010). Om. Fast Company , (148), 116. (2010, September 4) Retrieved from Business Source Complete database. Institute for Social-Ecological Research. (2003, October). Bio+pro – target groups in the market of organic foods . (2010, August 24) Retrieved from http://www.isoe.de/english/projects/biopro.htm
  • 14. References NAMASTA. Memerbship options and benefits . (2010, September 12) Retrieved from http://www.namasta.com/services/memberservices.php#3 Rekve, G. Massage therapists business plan . (2010, September 12) Retrieved from http://www.referenceforbusiness.com/business- plans/Business-Plans-Volume-11/Massage-Therapists.html Sunriseconcepts. Overview of opening a yoga studio . (2010, September 11) Retrieved from http://hubpages.com/hub/Overview-of-Starting-Up- A-Yoga-Studio