There are a small handful of national competitors, such as Woodhouse, LifeSpa, Red Door, Completely Bare, etc. (Joni, 2011). These spas are available in some states, but not all fifty, unlike many fast food chains; majority of day spas are sole proprietorships or partnerships (Allen, 2011). So understanding the competition is specific to the region that spa will be located, however, it is good practice to assume that there will be at least one spa that will offer opposition. Utilizing the figures from market trends, a store with a steady inflow of customers can average about seven hundred thirty-five thousand in gross revenue from about eighty-two thousand visits a year (Statista, 2016). Assuming that trends continue, the spa and beauty market is a safe investment for entrepreneurs seeking entry. It is safe to assume that in order to compete, the spa would need to be located in an area with a large, wealthy population who enjoy leisure
There are a small handful of national competitors, such as Woodhouse, LifeSpa, Red Door, Completely Bare, etc. (Joni, 2011). These spas are available in some states, but not all fifty, unlike many fast food chains; majority of day spas are sole proprietorships or partnerships (Allen, 2011). So understanding the competition is specific to the region that spa will be located, however, it is good practice to assume that there will be at least one spa that will offer opposition. Utilizing the figures from market trends, a store with a steady inflow of customers can average about seven hundred thirty-five thousand in gross revenue from about eighty-two thousand visits a year (Statista, 2016). Assuming that trends continue, the spa and beauty market is a safe investment for entrepreneurs seeking entry. It is safe to assume that in order to compete, the spa would need to be located in an area with a large, wealthy population who enjoy leisure