Tanning Salon Business Plan

Tropical Tan

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Company Summary

Tropical Tan will, upon commencement of operations,  provide the service of tanning booth rentals. We will provide an upscale, sanitary environment, along with quality lotions, swimwear, and sunglasses. Superior customer service and high quality tanning equipment will set Tropical Tan apart from the competition.

2.1 Company Ownership

Tropical Tan will be created as a Sole Proprietorship based in Chino Hills owned by its principal investors and principal operators.

2.2 Start-up Summary

Keith and Shelly Harwood have $65,000 to invest in the business and are looking to finance an additional $50,000 for the build out and start up of their salon. The funds will be used to finance start-up costs, remodel the location, purchase the equipment, and initial inventory. The funds will be repaid through earnings.

Start-up
Requirements
Start-up Expenses
Legal $250
Stationery etc. $100
Brochures $0
Consultants $0
Insurance $100
Rent $1,817
Research and Development $0
Expensed Equipment $27,000
Other $0
Total Start-up Expenses $29,267
Start-up Assets
Cash Required $29,333
Start-up Inventory $250
Other Current Assets $0
Long-term Assets $27,000
Total Assets $56,583
Total Requirements $85,850
Start-up Funding
Start-up Expenses to Fund $29,267
Start-up Assets to Fund $56,583
Total Funding Required $85,850
Assets
Non-cash Assets from Start-up $27,250
Cash Requirements from Start-up $29,333
Additional Cash Raised $0
Cash Balance on Starting Date $29,333
Total Assets $56,583
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $20,000
Accounts Payable (Outstanding Bills) $850
Other Current Liabilities (interest-free) $0
Total Liabilities $20,850
Capital
Planned Investment
Keith Harwood $40,000
Shelly Harwood $25,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $65,000
Loss at Start-up (Start-up Expenses) ($29,267)
Total Capital $35,733
Total Capital and Liabilities $56,583
Total Funding $85,850
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Start-up
Requirements
Start-up Expenses
Legal $250
Stationery etc. $100
Brochures $0
Consultants $0
Insurance $100
Rent $1,817
Research and Development $0
Expensed Equipment $27,000
Other $0
Total Start-up Expenses $29,267
Start-up Assets
Cash Required $29,333
Start-up Inventory $250
Other Current Assets $0
Long-term Assets $27,000
Total Assets $56,583
Total Requirements $85,850
Start-up Funding
Start-up Expenses to Fund $29,267
Start-up Assets to Fund $56,583
Total Funding Required $85,850
Assets
Non-cash Assets from Start-up $27,250
Cash Requirements from Start-up $29,333
Additional Cash Raised $0
Cash Balance on Starting Date $29,333
Total Assets $56,583
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $20,000
Accounts Payable (Outstanding Bills) $850
Other Current Liabilities (interest-free) $0
Total Liabilities $20,850
Capital
Planned Investment
Keith Harwood $40,000
Shelly Harwood $25,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $65,000
Loss at Start-up (Start-up Expenses) ($29,267)
Total Capital $35,733
Total Capital and Liabilities $56,583
Total Funding $85,850