Massage Business 101: Putting up your First Small Scale Massage Therapy Business
A lot of insurance companies are choosing to cover massage therapy to solve work-related stress and injuries of their employees. As doors open to a new venture, small business entrepreneurs can take the opportunity to put up their own massage centers.
In Texas, a $106 ($108 in New York) application fee is charged for a massage therapy licensure, which is valid for two years. Renewal fee will cost you a hundred. If you’re planning to have a massage facility, you are subjected to a massage establishment fee of $300. Moreover, you need file a Doing Business As (if operating as a sole proprietor) or register with your secretary of state (if operating a limited liability company). The fees will be about $15 and $300, respectively.
Massage therapists are required to be trained and licensed. According to Natural Healers, tuition for massage ranges from $6 to $17, with the average being $9 to $10. Most of them are required to obtain 500 hours of training, which equates to $3,000 to $8,500 plus an additional cost for the table, which is about $500.
Various massage associations provide insurance coverage for roughly $200 annually. Massage therapy insurance should include comprehensive general, products liability, personal injury liability, medical expense, sexual abuse liability and damage to premises. You may also add worker’s compensation insurance and commercial auto coverage.
Equipment and Location
The massage equipment needed will vary depending if you’re putting up a facility or just working at home. Interior design, décor, accounting and appointment scheduling software, aromatherapy, gloves, masks, towels, pillow, products for resale, tables and chairs are some important supplies that you might need plus the cost of travel expenses and laundry. Expect to spend $1,000 to $5,000 in supplies, furniture and equipment. Commercial space may also vary so you need to take it into account.
Having your own website is very essential to advertise your business. You can purchase a website for your business for as low as $20 a month. Other advertising materials like business cards, posters, fliers and brochures can be made at home for a minimal cost. Other than that, you can spend about $100 to $1,000 for a year’s supply of marketing materials.
Putting up a business is a risk. But if you are guided and know what you’re paying for, sowing your money seed and reaping it will be something that you will be looking forward to.
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