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 are committed to providing services and products that will improve the physical appearance of our clients and promote mental relaxation.
Market
We will target both male and women who are fashion conscious and have disposable income. Although our clients are predominantly women, we will also include men who meet the 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. These so-called “Day Spas” are not our competitors. We offer a middle-ground for clients who are unable to afford luxury salons.
Why Us?
Trend Setters will be able to sell a wide variety of beauty services and products once operations begin. Our services include top-quality hair, nail and skin care, as well as the best beauty products. Trend Setters’ uniqueness is in our ability to provide all of the services in one convenient location.
Expectations
Forecast
The forecast shows small profits leveling out in the third year. We believe this is realistic, even conservative. We will continue to monitor the actual results and adjust the forecast as necessary.
Financial Highlights by Year
Financing is Required
We will need $60K to make an owner’s investment, and $50K for vendor financing in order to buy equipment.
The $50K cash cushion, $9K initial expenses and $53K tangible asset at launch are the starting costs.