Hair And Beauty Salon Business Plan Leave a comment

Opportunity

Problem

A full-service spa salon with a focus on customer satisfaction is essential. It should provide excellent service, high quality products, and an enjoyable environment at a fair price.

Solution

We will supply products and services that improve our clients’ physical appearance and mental wellbeing.

Market

We will target male and female clients with disposable income and fashion sensibility. Although most of our clients are women, we will consider men who meet these criteria.

Competition

Although there are many salons similar to ours, they tend to be located in high-income areas of MyTown or the surrounding area. We are not trying to compete with “Day Spas”. We want to be a middle ground for clients who cannot afford high-end luxury salons.

Why Us?

Trend Setters will, upon commencement of operations, sell a wide range of beauty services and products. We will provide high quality services in hair, nail, skin and beauty products. Trend Setters is unique because we offer all these services in one location.

Expectations

Forecast

The forecast predicts that profits will plateau in the third-year. This is conservative, but realistic. Of course, we will continue to review actual results on a monthly base and revise the forecast as required.

Financial Highlights by Year

Financing is Required

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.