Financial Planning and Budgeting
One of the first steps in financial planning is determining the initial investment needed to launch your med spa. Accurately estimating startup costs ensures you have the necessary funding in place and helps you create a realistic financial roadmap for your business. Startup Costs: One-Time vs. Recurring Expenses
Expense Category Lease & Buildout Equipment & Supplies Licensing & Permits Payroll & Staffing Marketing & Branding Software & Technology
Estimated Cost Range $50,000 – $250,000 $75,000 – $200,000
One-Time or Recurring? One-Time One-Time One-Time
$5,000 – $15,000 $10,000 – $50,000 $5,000 – $25,000 $2,000 – $10,000 $5,000 – $15,000 $10,000 – $30,000
Recurring (Monthly) Recurring (Monthly) Recurring (Monthly) Recurring (Annually) One-Time
Insurance (General, Malpractice, Cyber) Initial Inventory (Injectables, Skincare)
A clear understanding of your startup costs will help you secure the right financing, manage expenses effectively, and position your med spa for long-term success.
Revenue Projections: How Much Can You Earn? A well-structured revenue projection helps you understand how soon your med spa can break even and become profitable. Example Revenue Calculation: Average treatment price: $300 Clients per day: 8 Days open per month: 22 Projected monthly revenue: $52,800 (8 clients × $300 × 22 days) Consider seasonal fluctuations and promotional discounts that may impact revenue.
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For informational purposes only. Not legal, tax, or financial advice.
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