WEDA Success Stories

 

WEDA Success Stories

Ahhhsome Relaxation
Ahhhsome Relaxation Photo

913 Center St
Evanston, WY 82930
US

Category:  2015 Success Stories


Ahhhsome Relaxation is a private business that offers a safe, secure, stress-relief environment. It builds on the health spa concept to provide customers a retreat where they can immerse in a series of private stations, accessible 24 hours a day, 7 days a week to members who pay a monthly membership. Equipment is self-guided, including high-end massage chairs and other stress-relief equipment. The first facility was opened in Evanston in 2014 with other franchises currently under development. Owner Shawn Tolman had difficulty finding lenders who would support the startup. A first SBA micro-loan was obtained through the Wyoming Women’s Business Center for $50,000 to open the pilot business in Evanston. The loan processed in March of 2014, and by August of 2014, the membership had grown so substantially that it was necessary to take out a second loan through the WWBC for additional equipment. By May 2015, the concept had been proven to work so Tolman began to sell franchises. Monthly payments were made on the WWBC loan from cash flow, and Ahhhsome Relaxation was able obtain financing from a new larger bank loan in order to expedite paying off the WWBC loans.




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