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.


Tanning Salon Business Plan


Tanning Salon Business Plan


Tropical Tan is an entrepreneur looking for financing. Tropical Tan is a well-established company with a solid business strategy, a highly skilled management team and ideally located. This business plan will highlight Tropical Tan’s needs, market, sales plan, and financial statements.

Tropical Tan will be located in Chino Hills, CA. This market is home to approximately 160,000 people. The location is in a high traffic strip mall with national chains. The main service offered by the company is tanning booths. Tropical Tan will have six high quality tanning booths and limited retail sales.

This business plan will help you to obtain additional funding of $50,000. This money will be used for inventory purchases, tanning beds, as well as other expenses, as detailed in the Start-up Table.

1.1 Objectives

  1. In Year 1, sales of $380,000 and $425,000 respectively by Year 3

  2. Net Profit greater than 40%

  3. In Year 3, net income exceeds 10% of sales

1.2 Mission

Tropical Tan will provide indoor tanning services of the highest quality to our clients using high-quality beds and tanning accelerators. Tropical Tan will strive to be the best in customer service and stand out from the crowd. All employees will be treated with dignity and provided with special benefits, such as moderate insurance coverage, free tanning, and a company picnic every year. Tropical Tan’s public face is its employees. Their health and goodwill are essential to its success.

1.3 Keys for Success

  • The location is ‘#8211’ being in a strip mall with high traffic and directly across from a gym.
  • Convenience is a plus with quick tanbeds. It means that less time is spent in bed and more business hours are possible.
  • Customer Service ‘#8211′ is a focus on customers’ comfort and needs.