Hair Replacement and Salon Business Plan


Hair Replacement and Salon Business Plan


Herr Haar is a full-service salon which focuses on providing high quality services while also taking care to the individual. Herr Haar is unique in its approach to customer care and will make it stand out among other salons. Herr Haar is the only salon that offers innovative services in hair restoration and other salon services. There are no other businesses in Anytown that offer an effective solution to hair loss. Herr Haar’s experienced cosmetologists are committed to filling this niche.

Herr Haar is up and running since May 2003. However the limitations of the current site make it necessary for him to relocate. Herr Haar is looking for a $4,000 loan, which will be available for a period of 10 months. The talent and determination of the owner, with 27 years of experience, is sure to make Herr Haar a continued success.

Herr Haar’s hair services have risen to almost $47,000 over the past six months. This is more than $7,800 per month. We expect sales of hair services to rise to about $10,600 per months in our new facility. This is an extremely conservative increase. The new facility will also allow us to create new revenue streams by offering a massage room and booth rental from stylists. We also plan on increasing direct sales of products we recommend, which will bring our total sales goal for 2004 to $244,000. These forecasts have been based on comparable salon performance and research from other stylists and massage professionals in Anytown.

In the past, hair replacement has carried a stigma for many men. Herr Haar’s professionalism and integration in hair replacement with a wider range of hair, skin and body care products will make this service in Anytown a luxury for busy men. Herr Haar is the first to make sure you feel and perform your best.

1.1 Objectives

Herr Haar is more that a full-service salon. It offers excellent haircare and high quality products in an ambiance of peace and relaxation. Herr Haar will provide a welcoming work environment that respects diversity, creativity, hard work, and is open to all.

1.2 Mission

Our mission is to provide skilled services, through talented cosmetologists, that give our customers the dignity and self respect needed to be successful in the world today. Our customers will find all of their hair care and beauty needs in one location. We offer a range of complementary services, including hair styling and bodycare.

Success Keys 1.3

  • Location – Provides easy access for clients as well as greater visibility to potential clients.
  • Advertise Our name and the concept Herr Haar will be made public.
  • Unique&#8211 Herr Haar excels in providing high quality haircare and solving more complex hair problems in private consultation.
  • Reputation &#8211: The stylists and owners enjoy a strong reputation with their existing clients
  • Discreet “Our new location is more visible and is paired with a variety of hair-care services so that clients who come in can’t assume they are looking for hair replacement.
  • Customer Happiness! This is the most important aspect of whether a once-off customer becomes a regular customer and refers us to friends.

The time has come for a salon with the expertise and knowledge needed to care for everyday hair and prevent hair loss. This business has great potential because of Herr Haar’s diligence and the desire of all the skilled cosmetologists to continue their education.


Hair And Beauty Salon Business Plan


Hair And Beauty Salon Business Plan


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.


Hair Salon Business Plan


Hair Salon Business Plan


Opportunity

Problem

First impressions count. A great haircut is crucial to making a good first impression. Not everyone can afford to spend a few hundred dollars and a few hours to get a good haircut. Budget constraints are a common problem for many families. These people need to have a place to go for this stuff.

Solution

Cranium Filament Reductions will stand out by providing superior customer attention. Cranium is known for its “quick Salon” model, which has lower margins and is focused on delivering high-quality customer service.

Market

The hairstyling market is highly fragmented. Regis Corporation owns a number of franchises and caters to all market segments. Regis Corporation also operates thousands of small-scale salons with very limited scope and limited services. This makes for a highly competitive market that has low barriers to entry and exit. The low switching costs mean that hair styling clients have a significant advantage. Many companies have tried to achieve market share through one strategy. Cranium believes it’s possible to offer a differentiated customer service with improved customer service for no significant cost if you provide the right incentives to employees.

Competition

The buying patterns of men and women are quite different. Men tend to be more concerned about convenience and cost. Men usually care less about the task involved in getting their hair done. They prefer the easiest way. Women, on their other hand, get more involved in hairstyles and are more likely to form close relationships with their stylists. They are also more loyal to their salon because they feel closer to them. When a stylist earns their trust, they are more inclined to trust them with their hair.

Why Us

Cranium Filament Reduces’#8217’s mission is to provide affordable and convenient hair styling. We are here to serve our customers. Everything else will follow this principle. Our services will exceed the expectations of our customers.

Expectations

Forecast

This is a service company so it doesn&#8217t generate high profitability. The people who work in it make a decent living.

Financial Highlights by Year

Financing Needed

The required financing is $105,000 This includes a $45,000 loan as well as owner investment (Susan), which is $60,000.


Hair Removal Business Plan


Hair Removal Business Plan


Laser Dreams offers electrolysis, microdermabrasion, and laser hair reduction. We are a professional clinic that offers high-quality service and state-ofthe-art technology. We place the highest importance on our patients’ needs.

F.D.A-approved, gentle and efficient hair removal is available at a fraction the cost and time required for other permanent hair removal methods. We specialize in difficult cases. You can now treat unwanted hair with the most recent generation lasers.

GentleLASE(tm); Plus and Lightsheer Diode have been FDA approved for ‘#8220;PERMANENTHAIR REDUCTION.’ Both lasers deliver amazing results that our customers will enjoy with speedy light. The superior cooling technology in both machines allows for the skin to be cooled and active hair follicles destroyed.

Laser Dreams is located downtown in the Millman Building. Laser Dreams has approximately 6,000 potential customers in the area. Downtown Monroe has seen tremendous growth over these five years. Many professionals and companies are returning to downtown.

Our customers love convenience. They love to be able to get more out of their day. Laser Dreams’#8217’s location makes it easy to visit the facility, and then return to work in under 30 minutes.

Laser Dreams owners Joe Jackson (co-owners) and Allison Fremont (co-owners) believe that Laser Dreams’ location is its competitive edge. Joe and Allison are both former managers of laser hair removal clinics. They have over ten years of experience between them. They believe that location alone will attract customers, but excellent customer service will keep them there and create referrals.

1.1 Objectives

Laser Dreams is focused on the following:

  • Exceed 60% of daily appointment times being filled by the end of the first year of operation.
  • Half of all new customers are referred by friends within the first year.
  • Ensure that sales increase by 15% by the second year.

1.2 Mission

Laser Dreams’ mission statement is:

  • Create a customer focused environment that promotes referrals.
  • Encourage our clients to achieve their cosmetic goals.