Plan Outline
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SIC 7231 Personal Services - Beauty shops
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Hair Salon Business Plan
Cranium Filament Reductions
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Appendix
| Sales Forecast | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Sales | |||||||||||||
| Males | 0% | $0 | $5,484 | $6,254 | $8,547 | $16,455 | $18,545 | $21,545 | $23,555 | $26,874 | $28,745 | $29,854 | $31,254 |
| Females | 0% | $0 | $548 | $625 | $855 | $1,646 | $1,855 | $2,155 | $2,356 | $2,687 | $2,875 | $2,985 | $3,125 |
| Women with small children | 0% | $0 | $55 | $63 | $85 | $165 | $185 | $215 | $236 | $269 | $287 | $299 | $313 |
| Retail hair care products | 0% | $0 | $913 | $1,041 | $1,423 | $2,740 | $3,088 | $3,587 | $3,922 | $4,475 | $4,786 | $4,971 | $5,204 |
| Total Sales | $0 | $7,000 | $7,983 | $10,910 | $21,005 | $23,673 | $27,502 | $30,068 | $34,305 | $36,693 | $38,109 | $39,896 | |
| Direct Cost of Sales | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Males | $0 | $658 | $750 | $1,026 | $1,975 | $2,225 | $2,585 | $2,827 | $3,225 | $3,449 | $3,582 | $3,750 | |
| Females | $0 | $66 | $75 | $103 | $197 | $223 | $259 | $283 | $322 | $345 | $358 | $375 | |
| Women with small children | $0 | $7 | $8 | $10 | $20 | $22 | $26 | $28 | $32 | $34 | $36 | $38 | |
| Retail hair care products | $0 | $365 | $417 | $569 | $1,096 | $1,235 | $1,435 | $1,569 | $1,790 | $1,914 | $1,988 | $2,082 | |
| Subtotal Direct Cost of Sales | $0 | $1,096 | $1,250 | $1,708 | $3,288 | $3,705 | $4,305 | $4,706 | $5,369 | $5,743 | $5,965 | $6,245 | |
| Personnel Plan | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Susan | 0% | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 |
| Receptionist | 0% | $0 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 |
| Part-time hair stylist | 0% | $0 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 |
| Part-time hair stylist | 0% | $0 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 |
| Part-time hair stylist | 0% | $0 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 |
| Part-time hair stylist | 0% | $0 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 |
| Part-time hair stylist | 0% | $0 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 |
| Part-time hair stylist | 0% | $0 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 |
| Total People | 1 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | |
| Total Payroll | $3,000 | $22,600 | $22,600 | $22,600 | $22,600 | $22,600 | $22,600 | $22,600 | $22,600 | $22,600 | $22,600 | $22,600 | |
| General Assumptions | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
| Current Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Long-term Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Tax Rate | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | |
| Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pro Forma Profit and Loss | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Sales | $0 | $7,000 | $7,983 | $10,910 | $21,005 | $23,673 | $27,502 | $30,068 | $34,305 | $36,693 | $38,109 | $39,896 | |
| Direct Cost of Sales | $0 | $1,096 | $1,250 | $1,708 | $3,288 | $3,705 | $4,305 | $4,706 | $5,369 | $5,743 | $5,965 | $6,245 | |
| Other Production Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Cost of Sales | $0 | $1,096 | $1,250 | $1,708 | $3,288 | $3,705 | $4,305 | $4,706 | $5,369 | $5,743 | $5,965 | $6,245 | |
| Gross Margin | $0 | $5,905 | $6,734 | $9,203 | $17,717 | $19,967 | $23,198 | $25,362 | $28,935 | $30,950 | $32,144 | $33,651 | |
| Gross Margin % | 0.00% | 84.35% | 84.35% | 84.35% | 84.35% | 84.35% | 84.35% | 84.35% | 84.35% | 84.35% | 84.35% | 84.35% | |
| Expenses | |||||||||||||
| Payroll | $3,000 | $22,600 | $22,600 | $22,600 | $22,600 | $22,600 | $22,600 | $22,600 | $22,600 | $22,600 | $22,600 | $22,600 | |
| Sales and Marketing and Other Expenses | $100 | $122 | $122 | $122 | $122 | $122 | $122 | $122 | $122 | $122 | $122 | $122 | |
| Depreciation | $122 | $122 | $122 | $122 | $122 | $122 | $122 | $122 | $122 | $122 | $122 | $122 | |
| Leased Equipment | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Utilities | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | |
| Insurance | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | $125 | |
| Rent | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | |
| Payroll Taxes | 15% | $450 | $3,390 | $3,390 | $3,390 | $3,390 | $3,390 | $3,390 | $3,390 | $3,390 | $3,390 | $3,390 | $3,390 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Operating Expenses | $5,897 | $28,459 | $28,459 | $28,459 | $28,459 | $28,459 | $28,459 | $28,459 | $28,459 | $28,459 | $28,459 | $28,459 | |
| Profit Before Interest and Taxes | ($5,897) | ($22,554) | ($21,725) | ($19,256) | ($10,742) | ($8,492) | ($5,261) | ($3,097) | $476 | $2,491 | $3,685 | $5,192 | |
| EBITDA | ($5,775) | ($22,432) | ($21,603) | ($19,134) | ($10,620) | ($8,370) | ($5,139) | ($2,975) | $598 | $2,613 | $3,807 | $5,314 | |
| Interest Expense | $375 | $375 | $375 | $375 | $375 | $375 | $375 | $375 | $375 | $375 | $375 | $375 | |
| Taxes Incurred | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Profit | ($6,272) | ($22,929) | ($22,100) | ($19,631) | ($11,117) | ($8,867) | ($5,636) | ($3,472) | $101 | $2,116 | $3,310 | $4,817 | |
| Net Profit/Sales | 0.00% | -327.55% | -276.83% | -179.94% | -52.93% | -37.45% | -20.49% | -11.55% | 0.30% | 5.77% | 8.69% | 12.07% | |
| Pro Forma Cash Flow | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Cash Received | |||||||||||||
| Cash from Operations | |||||||||||||
| Cash Sales | $0 | $7,000 | $7,983 | $10,910 | $21,005 | $23,673 | $27,502 | $30,068 | $34,305 | $36,693 | $38,109 | $39,896 | |
| Subtotal Cash from Operations | $0 | $7,000 | $7,983 | $10,910 | $21,005 | $23,673 | $27,502 | $30,068 | $34,305 | $36,693 | $38,109 | $39,896 | |
| Additional Cash Received | |||||||||||||
| Sales Tax, VAT, HST/GST Received | 0.00% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| New Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Investment Received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Received | $0 | $7,000 | $7,983 | $10,910 | $21,005 | $23,673 | $27,502 | $30,068 | $34,305 | $36,693 | $38,109 | $39,896 | |
| Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Expenditures from Operations | |||||||||||||
| Cash Spending | $3,000 | $22,600 | $22,600 | $22,600 | $22,600 | $22,600 | $22,600 | $22,600 | $22,600 | $22,600 | $22,600 | $22,600 | |
| Bill Payments | $105 | $3,285 | $7,213 | $7,377 | $7,872 | $9,414 | $9,837 | $10,430 | $10,840 | $11,494 | $11,863 | $12,086 | |
| Subtotal Spent on Operations | $3,105 | $25,885 | $29,813 | $29,977 | $30,472 | $32,014 | $32,437 | $33,030 | $33,440 | $34,094 | $34,463 | $34,686 | |
| Additional Cash Spent | |||||||||||||
| Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Principal Repayment of Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Long-term Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Purchase Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Purchase Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Spent | $3,105 | $25,885 | $29,813 | $29,977 | $30,472 | $32,014 | $32,437 | $33,030 | $33,440 | $34,094 | $34,463 | $34,686 | |
| Net Cash Flow | ($3,105) | ($18,885) | ($21,830) | ($19,067) | ($9,468) | ($8,341) | ($4,935) | ($2,962) | $864 | $2,599 | $3,646 | $5,210 | |
| Cash Balance | $93,475 | $74,590 | $52,760 | $33,694 | $24,226 | $15,885 | $10,950 | $7,988 | $8,852 | $11,452 | $15,098 | $20,307 | |
| Pro Forma Balance Sheet | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Assets | Starting Balances | ||||||||||||
| Current Assets | |||||||||||||
| Cash | $96,580 | $93,475 | $74,590 | $52,760 | $33,694 | $24,226 | $15,885 | $10,950 | $7,988 | $8,852 | $11,452 | $15,098 | $20,307 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $96,580 | $93,475 | $74,590 | $52,760 | $33,694 | $24,226 | $15,885 | $10,950 | $7,988 | $8,852 | $11,452 | $15,098 | $20,307 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $7,320 | $7,320 | $7,320 | $7,320 | $7,320 | $7,320 | $7,320 | $7,320 | $7,320 | $7,320 | $7,320 | $7,320 | $7,320 |
| Accumulated Depreciation | $0 | $122 | $244 | $366 | $488 | $610 | $732 | $854 | $976 | $1,098 | $1,220 | $1,342 | $1,464 |
| Total Long-term Assets | $7,320 | $7,198 | $7,076 | $6,954 | $6,832 | $6,710 | $6,588 | $6,466 | $6,344 | $6,222 | $6,100 | $5,978 | $5,856 |
| Total Assets | $103,900 | $100,673 | $81,666 | $59,714 | $40,526 | $30,936 | $22,473 | $17,416 | $14,332 | $15,074 | $17,552 | $21,076 | $26,163 |
| Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Current Liabilities | |||||||||||||
| Accounts Payable | $0 | $3,045 | $6,967 | $7,116 | $7,559 | $9,086 | $9,490 | $10,069 | $10,458 | $11,099 | $11,460 | $11,674 | $11,945 |
| Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Subtotal Current Liabilities | $0 | $3,045 | $6,967 | $7,116 | $7,559 | $9,086 | $9,490 | $10,069 | $10,458 | $11,099 | $11,460 | $11,674 | $11,945 |
| Long-term Liabilities | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 |
| Total Liabilities | $45,000 | $48,045 | $51,967 | $52,116 | $52,559 | $54,086 | $54,490 | $55,069 | $55,458 | $56,099 | $56,460 | $56,674 | $56,945 |
| Paid-in Capital | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 |
| Retained Earnings | ($1,100) | ($1,100) | ($1,100) | ($1,100) | ($1,100) | ($1,100) | ($1,100) | ($1,100) | ($1,100) | ($1,100) | ($1,100) | ($1,100) | ($1,100) |
| Earnings | $0 | ($6,272) | ($29,201) | ($51,302) | ($70,933) | ($82,050) | ($90,917) | ($96,553) | ($100,025) | ($99,924) | ($97,808) | ($94,499) | ($89,682) |
| Total Capital | $58,900 | $52,628 | $29,699 | $7,598 | ($12,033) | ($23,150) | ($32,017) | ($37,653) | ($41,125) | ($41,024) | ($38,908) | ($35,599) | ($30,782) |
| Total Liabilities and Capital | $103,900 | $100,673 | $81,666 | $59,714 | $40,526 | $30,936 | $22,473 | $17,416 | $14,332 | $15,074 | $17,552 | $21,076 | $26,163 |
| Net Worth | $58,900 | $52,628 | $29,699 | $7,598 | ($12,033) | ($23,150) | ($32,017) | ($37,653) | ($41,125) | ($41,024) | ($38,908) | ($35,599) | ($30,782) |
