This beauty salon business plan template has 24 pages and is a MS Word file type listed under our business plan kit documents.
Sample of our beauty salon business plan 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. Contents 1.0 Executive Summary 3 1.1 Objectives 5 1.2 Mission 5 1.3 Keys to Success 5 2.0 Company Summary/Company Ownership 6 2.1 Start-Up Summary 6 3.0 Products and Services 6 4.0 Market Analysis Summary (data provided by the American Cancer Society) 6 4.1 Competition and Buying Patterns 7 5.0 Web Plan Summary 7 6.0 SWOT Analysis 7 6.1 Competitive Edge 8 6.2 Marketing Strategy 8 6.3 Sales Strategy 9 6.4 Sales Forecast 9 6.5 Milestones 11 7.0 Management Summary 11 7.1 Personnel Plan 11 8.0 Financial Plan 11 8.2 Break-even Analysis 12 8.3 Projected Profit and Loss 12 8.4 Projected Operating Cash Flow 15 8.5 Projected Balance Sheet 16 Table: Sales Forecast 1 Table: Personnel 2 Table: Profit and Loss 3 Table: Cash Flow 4 Table: Balance Sheet 5 1.0 Executive Summary [YOUR COMPANY NAME] Owner: INSERT NAME INSERT ADDRESS Phone: Email: Introduction [YOUR COMPANY NAME] is seeking $127,000 funding in order to fund the start-up of a 'green' hair salon that focuses on hair replacement/hair extensions services targeting cancer patients and survivors in a high-end salon setting. The business will also offer traditional salon services and will offer some educational opportunities for stylists. Location The business will be located in [CITY, STATE]. The Organization The business will be organized as a Minnesota LLC and will be owned 100% by INSERT NAME. INSERT NAME will be the full-time owner/operator of the salon. Services The salon focuses on hair replacement/hair extensions services targeting cancer patients and survivors in a high-end salon setting. In addition, the firm will offer laser hair growth services at $65 a session, estitician services, and retail sales of salon products. The Market There are 1,530,000 new cases of cancer are expected to be found in the U.S. in 2010, of which 740,000 will be female. The 5-year relative survival rate for all cancers diagnosed between 1999-2005 is 68%, up from 50% in 1975-1977. There are currently 11,000,000 cancer survivors in the U.S., of which 5,320,261 are women. The high-end services and location of the salon in a high-income area will provide a stable demographic to support the business. All of this points to a large and growing market of potential customers of [YOUR COMPANY NAME]. Financial Considerations [YOUR COMPANY NAME] is projecting $638,840 in annual sales and a $65,813 net profit in year 1, and is seeking $127,000 in funding to be used as follows. The working capital will be partially used to acquire inventory. Start-up Start-up Expenses Legal & Accounting $2,000 Salon Build-Out $7,500 Laser Hair Growth Machine $7,000 Furniture (includes shelving, chairs, and receptionist desk) $5,000 Mirrors $3,000 Rent Deposits $2,500 Initial Marketing Expense $10,000 Wigs and Mannequins $1,500 Working Capital (2.5 months of operating expenses) $88,500 Total Start-Up Costs $127,000 The major focus for funding is as follows: Hire employees; the firm will look to hire veterans, minorities, and the unemployed; as sales and cash flow improve. Chart: Projected Financial Performance The firm is projecting a net profit of $65,813 in year 1 and a net profit of $135,670 in year 2. 1.1 Objectives 1. Begin dialogue with cancer health care providers to identify patients who can benefit from the firm's hair replacement services. 2. Create a new company website for a services description, education/awareness, with contact information and online appointment scheduling. 3. Build a 'green' salon with organic products; yet retaining an upscale environment. 1.2 Mission The mission of [YOUR COMPANY NAME] is to provide high quality hair replacement/hair extensions services targeting cancer patients and survivors in a high-end salon setting. 1.3 Keys to Success 1. INSERT NAME's management experience and personal attention to client needs 2. Commitment to employee training and professional development for stylists and barbers in order to expand hair replacement services to more cancer patients. 3. INSERT NAME's desire to help cancer patients, including offering discounted services to those in need. 2.0 Company Summary/Company Ownership [YOUR COMPANY NAME] is a start-up up-scale and 'green' hair salon that will specialize in hair extension and replacement services for cancer patients. In addition, the firm will offer laser hair growth services at $65 a session, estitician services, and retail sales of salon products. The salon will be located in [CITY, STATE]. The business will be organized as a [STATE] LLC, with INSERT NAME as the President. INSERT NAME is the President and 100% owner. 2.1 Start-Up Summary [YOUR COMPANY NAME] is projecting $450,000 in annual sales and a $4,706 net profit in year 1, and is seeking $127,000 in funding to be used as follows. The working capital will be partially used to acquire inventory. Start-up Start-up Expenses Legal & Accounting $2,000 Salon Build-Out $7,500 Laser Hair Growth Machine $7,000 Furniture (includes shelving, chairs, and receptionist desk) $5,000 Mirrors $3,000 Rent Deposits $2,500 Initial Marketing Expense $10,000 Wigs and Mannequins $1,500 Working Capital (2.5 months of operating expenses) $88,500 Total Start-Up Costs $127,000 3.0 Products and Services The primary services offered by [YOUR COMPANY NAME] are hair extensions and hair reconditioning. The owner is highly skilled in the technique of Thermal Reconditioning, which is a Japanese straightening treatment that uses heat to restructure the bonds in your hair so the hair lies straight, giving you glossy, smooth, shiny straight hair that requires hardly any blow drying. Thermal Reconditioning has been practiced in the United States for just over six years. This treatment has been featured in just about every fashion magazine in America including: In Style, Allure, Vogue, Marie Claire, Jane, Woman's Day, Cosmopolitan, Self, Oprah, Lucky, Glamour, and Elle. The business also offers traditional hair salon services, including haircuts, up-dos, and hair coloring. The firm can also offer formal training to stylists twice a month as an additional revenue source. In addition, the firm will offer laser hair growth services at $65 a session, estitician services, and retail sales of salon products. The standard price for a hair extension case is $1,500. Market Analysis Summary (data provided by the American Cancer Society) 1,530,000 new cases of cancer are expected to be found in the U.S. in 2010, of which 740,000 will be female. The 5-year relative survival rate for all cancers diagnosed between 1999-2005 is 68%, up from 50% in 1975-1977. There are currently 11,000,000 cancer survivors in the U.S., of which 5,320,261 are women. According to the Pantene Beautiful Lengths Web site, a recent study revealed that nearly 60 percent of women consider hair loss the most dreaded side effect they face when undergoing chemotherapy. Real-hair wigs can cost as much as $1,200 and are often only partially covered by health insurance
