Financial

We put in the financial aspects of daily systems in an operational format, from commissioned employees through the leadership of the spa to the daily reporting of gross revenues and expenses.

SPECIFICALLY, WE WILL EXAMINE

• Cost of Services
• Commission + expenses vs. service price
• Inventory Tracking
• Product Shrinkage/Loss
• Service protocols to ensure that guests are receiving consistent service and services
• Employee /Guest Theft
• Cash handling procedures 

 

AS AN OPERATOR, WE WILL PROVIDE:

Financial controls and accountability systems – A profitable spa business is extremely reliant on systems and controls. We provide the systems and controls that flag deficiencies in the business in a timely manner to make adjustments before it can have a far-reaching negative impact on the bottom line.

Business percentage controls – We bring 28 years of proven profitable financial budgets and actuals that have been applied to a variety of spa operations, from 2,000 square feet to 15,000 square feet, all of which have been free-standing, profitable businesses

Daily Z reports – This report will give a snapshot of the previous day’s business which can be helpful in seeing trends and needed points of focus for the daily business moving forward.

Utilization reports – This report details service efficiencies and effectiveness of service mix by room classification. Many times, we are able to reallocate a non-productive space and turn it into a productive space.

Product controls systems – Systems that will flag theft, overuse or misuse of product.

Monthly financial statement formattings – We provide a consistent financial statement tied directly to the daily accountability systems as it relates to breakdown in revenues and expenses.

Services/Retail Pricings – We will analyze cost per service as it relates to value and profitability.  Will guests pay this amount? Does it cover costs? Can your business be profitable? Does it fit your business?

Cost Control Analysis – What costs you can control and what systems can be put in place to do so.

Inline Expense Controls – Are your expenses too high vs. the amount of business?

Access to data and benchmarkings – For 28 years, Niki Bryan Spas have had superior access to the full spectrum of involvement in developing, building, owning, operating, managing and advising for brands worldwide.

Improve capture rates – Changes that can be implemented to increase business.

Understand Product/Service purchase behaviors – What do your guests/clients want?

Define tools of success – What are the integral pieces that can make your business successful?

Products and services alignments – Does your service mix match the product and expense carried?
Identify key issues and provide solutions.