Bodied by K, LLC | Application Preview
Bodied by K, LLC is seeking government grants to expand its MedSpa services and acquire innovative equipment. The owner aims to grow the business by establishing connections with a leading global company. Over the next five years, the business plans to achieve at least $100,000 in sales in the coming year, increasing to $150,000 in the following year, while maintaining a gross margin above 60%. By the end of this five-year period, the goal is to be recognized as a “One Stop Day Spa” and to offer the latest medical-grade equipment.
The owner, a dedicated mother of four and former nurse, emphasizes her commitment to entrepreneurship since leaving her nursing role in 2021 to focus on her business. She highlights that funding will help enhance services for clients seeking relaxation and self-care. Notably, the business faces no competition within a 60-mile radius, and its edge lies in substantial investment in innovative equipment, particularly a top machine from Venus Concept, which significantly boosts customer satisfaction and revenue.
-
General Information
Business Registration Number: 84-3679870
Location: Danville, VA, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: YES
-
Funding Usage
My goal is to expand my MedSpa with more innovative equipment and services for my clients and customers. I’m already connected to a global leading company and I want to make more connections so my small business can grow bigger.
-
Business Plan
Our goal for the next 5 years are to earn sales of at least $100, 000 in the upcoming year and $150,000 by the next year. We would also like to obtain a gross margin higher than 60%. We would also like to become an established “One Stop Day Spa” by the end of year five. Lastly, We would like to provide the latest innovative long-lasting medical grade equipment for services. Being a mother of four amazing children, running a small business has shown my hard work and dedication in the entrepreneurial world. I’m a nurse by trade but left my full time job as a nurse care coordinator to full fill my dreams of running my business full-time in 2021. I have yet to turn my back on my business and it continues to grow. I will use the funds to grow my business further so my customers/clients can continue to visit my Day Spa for relaxation, therapeutic services and self care.
-
Self Identified Competition
I currently have zero competition in an 60 mile radius. One thing that makes me different from a lot of other Spa’s is I’ve invested a lot of money on a business called Venus Concept. I currently have one of their top machines and Venus Williams is their brand ambassador. I do not know many in this industry that invest in innovative equipment to provide exceptional customer satisfaction. My customers love the machine and it generates 85% of the business revenue.
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
