A spa for the budget-minded
A startup chain targets women who seldom splurge.
Elaine Pofeldt, FSB senior editor

NEW YORK (FORTUNE Small Business Magazine) - Many harried women would love a relaxing spa treatment but just can't afford to indulge.

That's because a facial or massage can cost almost $100 in many cities, says Peggy Wynne Borgman, who runs the tony Preston Wynne Spas in Los Gatos and Saratoga, Calif. Borgman aims to change that.

To attract customers who lack the typical spa goer's household income ($150,000 and up), she plans to offer moderately priced walk-in services at a new chain called O'live Spa. Borgman hopes to open her first location in Silicon Valley this summer.

By doing away with such amenities as lockers, which require extra retail space, and by using semiprivate rooms instead of private ones, she expects to be able to keep prices down.

For instance, a half-hour "Great Skin" treatment in a semi-private room will cost $30, compared with $90 for a facial in a private room at her full-service day spas.

The spas, which will range from kiosk size to 5,000 square feet, will open in malls and urban office buildings.

Says Borgman: "For us to really mature as an industry, we've got to bring the benefits of spa-going to a much broader demographic."

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.