I am thinking about starting a small massage chair business. I was wondering if I could get any thoughts about this idea.
Basically what I intend to do is to set up massage chairs in a few popular retail locations around the area that I live.
I am thinking about purchasing chairs from this website:
Now, my local mall already has massage chairs installed. But as far as I know, that's it. I have 4 potential locations I am thinking about: the local WalMart, Fred Meyers, Target, and the Airport. Of course there are many other possible locations too.
I was wondering if you guys think this would be a smart investment and business idea?
According to the website, the cost for each chair is $1495
The question is, how much can I realistically expect each chair locatation to make a month? According to the website, if I can get just 10 customers a day, that would mean $300 a month. I think 10 is a realistic minimum amount a day, if i can secure good locations. Even with the economy, i would be willing to bet that most people are willing to get a quick, relaxing massage, even though it is a luxury, people are still always willing to pay for a cheap, instant gratification such as a massage.
I could pretty easily secure a loan on the initial investment, i know a wealthy family friend who i bet would be willing to help me out. So, going by the assumed minimum of 10 customers a day, that would mean each char would be paid off in about 5 months.
I am wondering if you guys have any thoughts basically, if you think i should go ahead with this. I am always leary about advertisements on websites such as the one i'd be buying the chair from, but it really seems like a great opportunity. As someone who dreams of becoming an entrepeneur, but seeing as i have basically no money to start a bussiness right now, this seems like a great low-investment way to start building a passive income stream.