A Feasibility study on the Establishment of Sangre Lounge & Spa in Barangay Vasra, Visayas Avenue

Abstract

This business created for youth, people working and old people, who want to live long because those people need high concentration, reduce fatigue and those who does not have much time to exercise. The company is engaged in creating a spa where the proponents are giving the best quality service of relaxation and to accommodate clients by our well skilled workers that will satisfy the need and wants of the guests. Top trends in Sangre Lounge & Spa are affordable services offered, unlimited food for customers, relaxing place, and discount cards for loyal customers.The researchers used qualitative analysis in the study to provide detailed insights in knowing the customer’s perception. It also helps determine other factors that need to be considered in developing the viability of the business idea. Sangre Lounge & Spa gathered information by conducting survey around Barangay on 100 respondents composed of the resident, students and common people who walk passed by. This business also used financial statement to know the financial position of the business. The result of this study found out that there is a high percentage of customer's interest when it comes to pricing strategy and promotions. Base on the survey result the powerful tactic will be the Social media. This will be by far the cheapest and most effective program and it is also easy to set up. Discount promo is special discount promos like occasional promo like birthday and anniversary, and discount for students and lastly fliers and tarpaulins. The result of financial position increased annually. The business is indeed viable to be developed in the future since survey gives a positive result. The survey turned out to be a success, showing a good result of respondents having an interest and is willing to experience a kind of relaxing massage. The researchers need to continuously improve the business offerings. The advocates had come up with a study on the business viability in the financial aspect. The study projects the success of business financially based on the Spa capability of accommodating Spa. The researchers will have the return on investment of the said business on the same year when the business starts in 2018. Maximize the profit by offering more services and use the income gained to make the business perform better.