Can you live off being a massage therapist?

Depending on your skill level, your salary, and your tips, you can make a very god living as a massage therapist at a spa. However, this will require a significant amount of work and dedication: clients will not simply appear, just because you are at a spa.

Can you make money as a massage therapist?

The national average annual wage of an massage therapist is $47,180, according to the latest data from the BLS. This is around $6,000 less than current average annual salary for all occupations, $53,490.

Do spas make good money?

A key indicator of profitability is industry growth. Industry experts estimate the average day spa owner salary is $80,000 per year or more, with many owners earning more than $100,000 annually.

What is a massage therapist salary?

An entry-level Massage Therapist with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of £13.50 based on 13 salaries. An early career Massage Therapist with 1-4 years of experience earns an average total compensation of £12.18 based on 59 salaries.

Why do spas fail?

There are many reasons for these failures: outside market conditions (such as new competition or unexpected increases in the cost of doing business), financing problems, tax-related issues, poor planning, mismanagement and a host of other problems.

What is the profit margin for a spa?

According to Cristina Ampil, PricewaterhouseCoopers’ hospitality and leisure analyst, the average profit margin for all four types of spas — club spas, day spas, resort and hotel spas and “other” spas — is 17.3 percent, with the highest profits coming from day spas.

How much does it cost to rent a massage therapy office?

If your community’s going rate for massage offices is $1,000 per month in rent, that’s about $33 per day. A therapist who wants to rent your space for one Saturday per month, for example, should probably pay $60 to $75, while a therapist who wants to rent it for every Saturday should pay about $200—or $50 per Saturday.

Can you afford a massage place?

Well, you can’t actually afford a massage place. So, get that picture of clients walking into your waiting room out of your head…at least for now. Okay, so how about affording a massage room? Yeah, that ain’t happening either.

What are the advantages of being a massage therapist?

As a massage therapist, you have a distinct advantage over many business owners – you offer a service everyone values. The ideal client for your business is dedicated to holistic healing and will help spread the word about how your services stand out above the rest. How does a massage therapy business make money?

How much should a massage therapist make a month?

“As a rule, about 50 percent of what you make goes into the business and the other 50 percent of what you make goes home with you,” explains Kelly Bowers, LMT, a Durham, North Carolina-based massage therapist and business educator. “So if your monthly living expenses are $2,000, it should be your goal to make $4,000 a month, at a minimum.”