Hair And Beauty Salon Business Plan

Opportunity

Problem

A full-service beauty salon is needed to provide high customer satisfaction.

Solution

We intend to provide services and products that improve the physical appearance and mental relaxation of our clients.

Market

We will be targeting male and female clients who are fashion conscious and have disposable income. Our clients are mostly women, but we will make sure to include men who fit the criteria as well

Concurrence

Although there are many salons that are similar to ours in MyTown, most are located in areas with high incomes. These “Day Spas”, however, are not the ones we intend to compete against. We wish to offer a middle ground for those clients who can’t quite afford those high-end luxury salons.

Why Us?

Trend Setters will be able to sell a wide variety of beauty services and products once operations begin. We will provide high quality services in hair, nail, skin and beauty products. What will set Trend Setters apart from the competition is our commitment to providing all of these services in one convenient location.

Expectations

Forecast

In the third year, we expect small profits to level out. We consider this realistic and even conservative. We will monitor actual results monthly and make adjustments as needed.

Financial Highlights for the Year

Financing Needed

We need to raise $60K from the owner and get $50K from the vendor in order for equipment to be purchased.

Starting costs include $50K cash cushion, $9K starting expenses before launch, and $53K tangible assets at launch.