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Tattoo Parlor Business Plan Leave a comment
Tablature Tattoo plans to open a small parlor in suburban Greenwood NJ where tattoo collectors and newbies can work with two skilled artists. The business will provide small, introductory tattoos from existing designs, basic tattoos that can be executed in one hour, and full half-day sessions with the artists. As needed, the artists are available for extended consultations or custom design work. The business will sell clothing and posters with designs by the artists. Jake Hunt (a tattoo artist, and Julie Hunt (retail manager), are looking for a $10,000, three year loan to help launch the business.
The business needs only $22,200 to launch, due to the low capital requirements of the business and the intention to use low-cost marketing techniques and direct selling to find initial customers. A low startup expense and high margins (around 75%) on tattoo work will provide positive cash flow within six month. These loans can be repaid quickly and easily. Sales will exceed $300,000 by the third year based on the full-time work of these three individuals.
Objectives
Tablature Tattoo will accomplish the following three-year-old goals:
- Three-year goal: To achieve annual revenues of $330,000
- Successfully create 5446 tattoos over three years
- You can earn net profits to the owners for a substantial total compensation including salaries, dividends and other payments.
Mission
Tablature Tattoo is able to create stunning tattoo art in Greenwood, NJ. This can be done through tattoos or other products that feature art from the shop’s tattoo artist. Jack Hunt and Julie Hunt want to be able to provide a full-time income, while the shop will share revenue with an additional artist who will aid in the growth of the business.
Keys for Success
Keys to success in the tattoo shop business include:
- Encouraging repeat customers (collectors) who return again and again for full sessions with artists they love
- Customers’ safety and well-being are top priorities.
- Encouragement of creativity and collaboration with talented artists
