Hair and Beauty Salon Business Plan

START YOUR OWN BUSINESS PLAN

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Company Summary

Trend Setters will, upon commencement of operations, sell a wide range of beauty services and products. We will provide quality hair, nail, and skin services, along with top lines of beauty products. What will set Trend Setters apart from the competition is our commitment to providing all of these services in one convenient location.

The salon will be located in a retail strip mall at 1234 Stylish Road, MyTown. The salon will utilize 1,540 square feet. The location is strategically situated on one of the busiest streets in MyTown. It is a high profile area, with easy access from all parts of town.

2.1 Start-up Summary

After spending several months searching for a salon to purchase, the owners decided to start a salon from the ground up. The start-up capital will be used for the design, leasehold improvements, and equipment of the salon.

Leasehold improvements will amount to approximately $32,500, and salon equipment will cost about $27,000. The owner will invest $500 for cash-on-hand at starting date.

Start-up
Requirements
Start-up Expenses
Rent deposit $1,817
Other $0
Total Start-up Expenses $1,817
Start-up Assets
Cash Required $500
Other Current Assets $600
Long-term Assets $59,500
Total Assets $60,600
Total Requirements $62,417
Start-up Funding
Start-up Expenses to Fund $1,817
Start-up Assets to Fund $60,600
Total Funding Required $62,417
Assets
Non-cash Assets from Start-up $60,100
Cash Requirements from Start-up $500
Additional Cash Raised $0
Cash Balance on Starting Date $500
Total Assets $60,600
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $61,917
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $61,917
Capital
Planned Investment
Owner $500
Investor $0
Additional Investment Requirement $0
Total Planned Investment $500
Loss at Start-up (Start-up Expenses) ($1,817)
Total Capital ($1,317)
Total Capital and Liabilities $60,600
Total Funding $62,417