Hair and Beauty Business Plan
The estimated market value for the beauty treatments industry, including nail bars, is £1.92bn per year. If you're thinking of starting a hair or beauty salon, then you'll need a solid business plan. This exclusive plan allows to you start your journey with all of the components already completed.
Downloadable in Word and Excel online, it's easy and straightforward to adapt it for your business. It covers all types of beauty salon services including face, body and nail treatments to traditional male and female hairdressing services.
The Executive Summary of This Business Plan
This summary is from the hair and beauty downloadable business plan. See below for full details on access.
ExtraB Limited is to re-develop an existing hair and beauty salon in the local town. The existing business is already profitable, but a new focus and product offerings will improve revenues and profitability over the coming years
Felicity Tromens founded ExtraB and previously managed three top performing salons in the local vicinity.
With her 12 years industry experience and new product offerings, ExtraB is forecasting to provide substantial returns over the next three years.
Marketing and Customers
ExtraB Beauty Salon is targeted towards women only, although it is planned to include treatments for men at a later date.
The local town is an affluent area with over 1,200 housewives and mothers of school-age children according to our research. There are also many professional women working in the local business park that we'll target.
With the nearest equivalent business over 6 miles away offering a more limited range of treatments and services we believe this to be a solid investment opportunity.
Core Services to Our Customers
ExtraB will offer five main product revenue streams as follows:
- Facial and body spa treatments.
- Hair cutting and styling.
- Pedicures and manicures.
- Shampoo & conditioner retail sales.
- Prepaid vouchers available as gift tokens.
Sales, Profits, and Margins
The revenue forecasts for the first year of operation are £230,080. Net profits are forecast to be £46,370 before tax and interest. The gross margin will average 33.2% over the term of this plan.
Staffing and Ownership
ExtraB is headed up by Mrs. Tromens with a team of technicians currently employed. The business has start-up funds of £50,000 to finance the set-up costs and first three months cash flow.
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Benefits of this Salon Business Plan
- Specific for hair & beauty salons.
- Full narrative and financials included.
- Comprehensive market research.
- Detailed marketing plans.
- Financial budgeting wizards.
- 90-day Money-back guarantee.
- Accepted by all UK banks for loan applications.