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What is a Wellness Center

The wellness business has undergone a rise in popularity over the past couple of years. This can be attributed to a worldwide focus on health, self-care, and holistic living. The pioneers of this movement are wellness centers which often include a combination of exercise, spa services, nutritional assistance and holistic treatments. However will it be profitable to develop and maintain a wellness center? Let’s go into the nitty-gritty of this company’s financial situation.

Revenue

Here’s the breakdown of the revenue items for the wellness center:

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Cost of Goods Sold

Here’s the breakdown of the Cost of Goods Sold (COGS) for the wellness center:

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Operating Expenses

Here’s the breakdown of the operating expenses for the wellness center:

Screenshot 2023 08 30 at 8.59.22 PM

Let’s calculate the net profit or loss for the wellness center:

Total Revenue: $38,000
Total Cost of Goods Sold (COGS): $5,450
Total Operating Expenses: $26,500

Net Profit or Loss = Total Revenue – (Total COGS + Total Operating Expenses)

Net Profit or Loss = $38,000 – ($5,450 + $26,500)
Net Profit or Loss = $38,000 – $31,950
Net Profit or Loss = $6,050

Based on the data provided, the wellness center has a net profit of $6,050 for the month.