Hair and Beauty Business Plan
If you're thinking of starting a hair salon or beauty salon, then you'll need a business plan. This exclusive plan allows to you start your journey with most 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 from face, body and nail treatments to more general male and female hairdressing operations.
Executive Summary of This Business Plan
This summary is from the hair and beauty downloadable business plan.
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 has previously managed three top performing salons in the local vicinity. With her 12 years industry experience and new offerings, ExtraB is forecast 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 for gifts.
Sales, Profits and Margins
Revenues forecast for the first year of operation is £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 fund 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.