This beauty salon business plan 3 template has 32 pages and is a MS Word file type listed under our business plan kit documents.
Sample of our beauty salon business plan 3 template:
Confidentiality Agreement The undersigned reader acknowledges that the information provided by [YOUR COMPANY NAME] in this business plan is confidential; therefore, reader agrees not to disclose it without the express written permission of [YOUR COMPANY NAME]. It is acknowledged by reader that information to be furnished in this business plan is in all respects confidential in nature, other than information which is in the public domain through other means and that any disclosure or use of same by reader may cause serious harm or damage to [YOUR COMPANY NAME]. Upon request, this document is to be immediately returned to [YOUR COMPANY NAME]. ___________________ Signature ___________________ Name (typed or printed) ___________________ Date This is a business plan. It does not imply an offering of securities. 1.0 Executive Summary 1 1.1 Objectives 1 1.2 Mission 1 1.3 Keys to Success 2 2.0 Company Summary 2 2.1 Company Ownership 2 2.2 Start-up Summary 3 Table: Start-up 3 3.0 Products and Services 4 4.0 Market Analysis Summary 4 4.1 Market Segmentation 5 Table: Market Analysis 5 4.2 Target Market Segment Strategy 6 4.3 Service Business Analysis 6 4.3.1 Competition and Buying Patterns 6 5.0 Strategy and Implementation Summary 6 5.1 Competitive Edge 6 5.2 Marketing Strategy 6 5.3 Sales Strategy 7 5.3.1 Sales Forecast 7 Table: Sales Forecast 7 5.4 Milestones 9 Table: Milestones 9 6.0 Management Summary 10 6.1 Personnel Plan 10 Table: Personnel 10 7.0 Financial Plan 11 7.0 Financial Plan 11 7.1 Start-up Funding 11 Table: Start-up Funding 11 7.2 Important Assumptions 12 7.3 Break-even Analysis 13 Table: Break-even Analysis 13 7.4 Projected Profit and Loss 14 Table: Profit and Loss 14 7.5 Projected Cash Flow 17 Table: Cash Flow 17 7.6 Projected Balance Sheet 19 Table: Balance Sheet 19 7.7 Business Ratios 20 7.7 Business Ratios 20 Table: Ratios 20 1.0 Executive Summary [YOUR COMPANY NAME] is a full-service beauty salon dedicated to consistently providing high customer satisfaction by rendering excellent service, quality products, and furnishing an enjoyable atmosphere at an acceptable price/value relationship. The company will also maintain a friendly, fair, and creative work environment, which respects diversity, ideas, and hard work. Mission: To supply services and products that enhances our clients' physical appearance and mental relaxation. To achieve the company's objectives, [YOUR COMPANY NAME] is seeking grant funding in the amount of $150,000. This grant will be attained and used to pay for building expenses, equipment, supplies and inventory of the salon located in [YOUR CITY], [YOUR STATE/PROVINCE]. 1.1 Objectives [YOUR COMPANY NAME]'s objectives for the first three years of operation include: The creation of a unique, upscale, innovative environment that will differentiate [YOUR COMPANY NAME] from other local beauty salons. Educating the community on what the company has to offer. The formation of an environment that will bring people together in a common forum. Excellent service and beauty retail items at a reasonable price. 1.2 Mission [YOUR COMPANY NAME] aims to offer excellent and superior service at all times. Close personal attention to customer is essential to providing a quality experience for customers; therefore, adequate personnel will be hired to ensure each customer has the proper attention in the [YOUR COMPANY NAME] salon. 1.3 Keys to Success The keys to success in our business are: Location: providing an easily accessible location for customers. Environment: providing an environment conducive to giving relaxing and professional service. Convenience: offering clients a wide range of services in one setting, and extended business hours. Reputation: reputation of the owner and other "beauticians" as providing superior personal service. 2.0 Company Summary [YOUR COMPANY NAME] will, upon commencement of operations, sell a wide range of beauty services and products. The company will provide quality hair services, along with top lines of beauty products. What will set [YOUR COMPANY NAME] apart from the competition is the company's commitment to providing all of these services in one convenient location. 2.1 Company Ownership [YOUR COMPANY NAME] is a sole proprietorship registered DBA by owner [YOUR NAME] in [YOUR CITY], [YOUR STATE/PROVINCE]. Some thought has been given to incorporating [YOUR COMPANY NAME], but a decision has not yet been reached. 2.2 Start-up Summary After spending several months searching for a salon to purchase, the owners decided to start a salon from the ground up. The start-up capital will be used for the design, leasehold improvements, and equipment of the salon. Table: Start-up Start-up Requirements Start-up Expenses Rent deposit $1,817 Inventory $2,000 Equipment $75,000 Supplies $20,000 Advertising $10,000 Insurance $5,000 Building Expense $25,000 Total Start-up Expenses $138,817 Start-up Assets Cash Required $500 Other Current Assets $0 Long-term Assets $0 Total Assets $500 Total Requirements $139,317 3.0 Products and Services [YOUR COMPANY NAME] is considered an upscale full-service beauty salon. The company will offer a wide range of services that include: Hair: cuts, relaxers, perms, colors, shampoo, conditioning, curling, reconstructing, weaving, and waving. Skin Care: European facials and body waxing. 4.0 Market Analysis Summary As of the census of 2008, there were 1,888 people, 815 households, and 485 families residing in the town. The population density was 1,186.1 people per square mile (458.5/km²). There were 900 housing units at an average density of 565.4/sq mi (218.5/km²). The racial makeup of the town was 98.78% White, 0.11% African American, 0.48% Native American, 0.16% Asian, 0.26% from other races, and 0.21% from two or more races. Hispanic or Latino of any race was 0.42% of the population. There were 815 households out of which 27.9% had children under the age of 18 living with them, 38.7% were married couples living together, 16.9% had a female householder with no husband present, and 40.4% were non-families. 37.3% of all households were made up of individuals and 19.5% had someone living alone who was 65 years of age or older. The average household size was 2.17 and the average family size was 2.84. In the town the population was spread out with 21.9% under the age of 18, 5.9% from 18 to 24, 24.8% from 25 to 44, 23.8% from 45 to 64, and 23.5% who were 65 years of age or older. The median age was 43 years. For every 100 females there were 78.4 males. For every 100 females age 18 and over, there were 71.3 males. The median income for a household in the town was $14,844, and the median income for a family was $21,895. Males had a median income of $25,469 versus $17,115 for females. The per capita income for the town was $10,615. About 31.8% of families and 32.0% of the population were below the poverty line, including 31.7% of those under age 18 and 23.7% of those age 65 or over. [YOUR CITY] is a town just outside of Knoxville, [YOUR STATE/PROVINCE]. Founded in 1786, Knoxville is the third-largest city in the U.S. state of [YOUR STATE/PROVINCE], behind Memphis and Nashville, and is the county seat of Knox County. It is also the largest city in East [YOUR STATE/PROVINCE]. As of the 2000 United States Census, Knoxville had a total population of 173,890; the July 2007 estimated population was 183,546. Knoxville is the principal city of the Knoxville Metropolitan Statistical Area with a metro population of 655,400, which is in turn the central component of the Knoxville-Sevierville-La Follette Combined Statistical Area with 1,029,155 residents. There are very few beauty salons in the city of [YOUR CITY], [YOUR STATE/PROVINCE]. [YOUR COMPANY NAME] is confident that the company can offer superior services and products to the city and to the surrounding areas. 4
