KD Wellness LLC | Application Preview
KD Wellness LLC is applying for government grants to secure funding that will support various aspects of their business. The funds will primarily be allocated toward hiring additional staff to facilitate growth, expanding their operating space to increase revenue potential, acquiring supplies and equipment to develop new revenue streams, and enhancing marketing efforts through strategies such as social media advertising and local events.
The company operates within a rapidly growing industry, projected to reach approximately USD 12.3 billion by 2027, with a compound annual growth rate of 14.2% from 2023 to 2028. KD Wellness aims to achieve similar growth by implementing solid business principles, accurately forecasting growth, setting clear goals, and executing a comprehensive marketing strategy that includes lead generation and customer retention. Their approach also emphasizes offering unique treatment plans delivered by innovative, personable medical personnel.
KD Wellness is co-founded by experienced professionals with eight years in the industry and relevant higher education credentials. Since initiation, the business has been self-sustaining and profitable. The founders believe that, while their concept has been validated, they require additional capital to enhance customer experience and expand market reach. The infusion of funds would expedite their goals and allow them to provide exclusive medical treatments to the community.
Their competitive edge stems from combining elements of the medical spa and health and wellness industries, making them trailblazers in this niche. Unlike typical medical spas that focus largely on aesthetic services, KD Wellness seeks to offer both aesthetic and health-optimizing treatments, setting them apart through a superior customer experience and innovative medical solutions.
-
General Information
Business Registration Number: 883121406
Location: Saratoga Springs, UT, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: $100k to $250k
Annual Gross Expense: Less than $100k
Open to Loans: NO
-
Funding Usage
The funding would be used for many different business facets namely: -Payroll expense in order to hire more staff to support growth. -A Larger Operating space to increase revenue generating space -Supplies and equipment to build out and offer different revenue streams -Marketing (Strategy, Social Media Advertisement, Organic Local Events)
-
Business Plan
The industry we are a part of is expected to grow at a CAGR of approximately 14.2% in the forecast period of 2023-2028. It is expected to reach a value of around USD 12.3 billion by 2027. Our strategy is to implement solid business principles in order to grow by at least this amount if not more, year over year. In order to do this we will need to forecast our growth accurately, set growth goals, and meet those expectations. We will need to execute a well defined marketing strategy including lead sourcing/conversion and nurturing our current customer base. Another way we plan to grow our business is by offering unique treatment plans delivered by personable, forward thinking medical personel. KD Wellness is founded by individuals (Female and Male) that have 8 years experience in the respective industry and higher education in the medical setting. At our current stage we have been able to bootstrap our operation and become cash flow positive since month one. The concept that we are trying to achieve has been proven. We are just lacking the necessary capital in order to enhance our customer experience and increase market penetration. We will be able to achieve what we are trying to accomplish. We also know that an investment would help us reach our goals much quicker and offer our community unique medical treatments. We are very unique individuals and offer a very different perspective in our industry.
-
Self Identified Competition
Because we combine two different avenues of medicine, we are pioneering a different industry. We are combining the medical spa industry alongside the health and wellness industry. The main difference of us and our competitors is our customer experience and the unique medical treatments that we offer. Many medical spas are mainly aesthetic focused. KD Wellness is interested in both the aesthetic treatments as well as health optimization.
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
