I'm having to write a business plan for a massage therapy business for school, and I accidentally took the financial aspect of it too seriously and researched every last possible item I would need to buy starting from scratch to furnish it/supply an office, employee lounge, storage area, 2 bathrooms, and 10 massage rooms for a year; all insurance, licensing, and inspection fees included in starting up a brick and mortar establishment and maintain a legal massage therapist status; utilities/rent, marketing, software, employee pay rates, insurance, and workman's comp, etc. I even did highs and lows of customer influx. I'm pretty proud of it.
Check out these screenshots:
With an SBA loan of 1.8M with an 11% interest rate, I would break even in 3 years and 1 month around February 1st of 2029 with a rough average of $12.5K left by the end of the month IF I had put all of my averaged profits into paying off the loan. After that, it would only take approximately 2 years to break 1M in profits.
