Hair Salon Business Plan

Cranium Filament Reductions

Start your own business plan

Company Summary

Cranium Filament Reductions, soon to be located in Shaker Hts., OH, will offer reasonably priced, convenient hair styling. Cranium Filament Reductions will accept walk-ins as well as appointments for the entire family. Cranium Filament Reductions will grow its market share based on superior customer attention. Cranium Filament Reductions is a family hair salon, also known as a "quick hair salon."

2.1 Company Ownership

Cranium Filament Reductions is an Oregon corporation owned entirely by Susan Sever.

2.2 Start-up Summary

Cranium Filament Reductions will incur the following start-up costs:

  • Computer with point of sale terminal.
  • Computer with printer for back office.
  • Five cutting stations, each station requires a barber chair, cabinet, large mirror, blow dryer, curling iron, electric razor, several pairs of scissors, spray bottle, two sided mirror, and assorted combs and brushes.
  • Desk for reception area.
  • Three couches for the reception area.
  • Display shelf for sale of retail products.
  • Assorted plants.
  • Assorted toys for the children.
  • Legal fees for business formation and generation/review of contracts.

Please note that the following items that are assets to be used for more than a year will be considered a long-term assets and will be depreciated using the straight-line method accepted by G.A.A.P.

Start-up Funding
Start-up Expenses to Fund $1,100
Start-up Assets to Fund $103,900
Total Funding Required $105,000
Assets
Non-cash Assets from Start-up $7,320
Cash Requirements from Start-up $96,580
Additional Cash Raised $0
Cash Balance on Starting Date $96,580
Total Assets $103,900
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $45,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $45,000
Capital
Planned Investment
Susan $60,000
Investor 2 $0
Other $0
Additional Investment Requirement $0
Total Planned Investment $60,000
Loss at Start-up (Start-up Expenses) ($1,100)
Total Capital $58,900
Total Capital and Liabilities $103,900
Total Funding $105,000
Start-up
Requirements
Start-up Expenses
Legal $1,000
Stationery etc. $100
Other $0
Total Start-up Expenses $1,100
Start-up Assets
Cash Required $96,580
Other Current Assets $0
Long-term Assets $7,320
Total Assets $103,900
Total Requirements $105,000
Page
« Previous Page Next Page »

Your business plan can look as polished and professional as this sample plan. It's fast and easy, with LivePlan.

Click here to get started.

Start-up Funding
Start-up Expenses to Fund $1,100
Start-up Assets to Fund $103,900
Total Funding Required $105,000
Assets
Non-cash Assets from Start-up $7,320
Cash Requirements from Start-up $96,580
Additional Cash Raised $0
Cash Balance on Starting Date $96,580
Total Assets $103,900
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $45,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $45,000
Capital
Planned Investment
Susan $60,000
Investor 2 $0
Other $0
Additional Investment Requirement $0
Total Planned Investment $60,000
Loss at Start-up (Start-up Expenses) ($1,100)
Total Capital $58,900
Total Capital and Liabilities $103,900
Total Funding $105,000
Start-up
Requirements
Start-up Expenses
Legal $1,000
Stationery etc. $100
Other $0
Total Start-up Expenses $1,100
Start-up Assets
Cash Required $96,580
Other Current Assets $0
Long-term Assets $7,320
Total Assets $103,900
Total Requirements $105,000