Jonpaul's

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Men's Salon Business Plan

Company Summary

Jonpaul's is a full-service gentleman's barber shop dedicated to consistently providing world class men's grooming services to our clients, high quality products while furnishing an enjoyable relaxing atmosphere at an acceptable price/value relationship.

Our Motto: "World Class Service Begins Here"

The timing is right for this venture. Patiently searching for the last few years for a similar highly recognized existing business in a prime location, was unsuccessful. We therefore decided to build one from the ground up.

2.1 Start-up Summary

After spending several months searching for a high-end exclusive gentleman's barber shop to purchase, the owners decided to start an exclusive barber shop - men's grooming services from the ground up. The start-up capital will be used for the design, leasehold improvements, and equipment for the shop. The start-up cash has been marked for the estimated amount needed to cover operational expenses for the first two months.

Start-up
Requirements
Start-up Expenses
Legal $2,500
Stationery etc. $1,000
Brochures, Logo, and Design $3,000
Consultants-Interior Design $2,000
Insurance $3,000
Rent $14,000
Leasehold Improvement construction $115,000
Expensed Equipment - $38000 in S-Assets $17,000
Other $5,000
Total Start-up Expenses $162,500
Start-up Assets
Cash Required $40,000
Start-up Inventory $10,000
Other Current Assets $38,000
Long-term Assets $0
Total Assets $88,000
Total Requirements $250,500
Start-up Funding
Start-up Expenses to Fund $162,500
Start-up Assets to Fund $88,000
Total Funding Required $250,500
Assets
Non-cash Assets from Start-up $48,000
Cash Requirements from Start-up $40,000
Additional Cash Raised $0
Cash Balance on Starting Date $40,000
Total Assets $88,000
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $225,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $25,500
Total Liabilities $250,500
Capital
Planned Investment
Investor 1 $0
Investor 2 $0
Other $0
Additional Investment Requirement $0
Total Planned Investment $0
Loss at Start-up (Start-up Expenses) ($162,500)
Total Capital ($162,500)
Total Capital and Liabilities $88,000
Total Funding $250,500

2.2 Company Locations and Facilities

Jonpaul's is located in The Mall, a 160,000 foot shopping and entertainment center in Gigaburb. The suite is 1,950 sq. ft at $24.50/sq. ft. with a 3-year lease. This site is a very high profile area with easy access and ample parking.

The Mall is anchored by Regal Cinema, the largest theater chain in the Gigaburb market with a 16-screen, state of the art complex. In addition to specialty retail and service shops within the center, there is a food pavilion anchored by Starbucks, Macaroni Grill, Garrison's, and Rio Bravo. Other tenants include Ben & Jerry's, Las Vegas Golf, specialty furniture, boutiques, antiques, and specialty children shops.

The Mall is located on the corner of a highly traveled State Highway and a Metro Road in the high growth, affluent area of Gigaburb. The Mall's primary trade area will serve the burgeoning country club communities and exclusive neighborhoods located within a fifteen-minute drive from the site. According to Equifax National Decision Systems, the primary trade area in 2000 had a population of 317,931 that is projected to reach 358,716 by 2005.

2.3 Company Ownership

Jonpaul's is a privately held S corporation co-owned by Cathy Leskie and her husband Dr. Jonpaul Leskie. Cathy Leskie has 10 years experience in the hair and spa industry. She studied in the U.S. and Europe and continues to stay on top of the latest styles, trends and products. Cathy has worked as a stylist, then as a manager - managing 16 stylist in a prestigious upscale salon.

Dr. Jonpaul Leskie - is President/CEO of  Jp Leskie & Associates, a Technology Consulting Firm. Dr. Leskie is a pioneer and innovator with over 30 years experience in the computer, e-business and telecommunications industry. Dr. Leskie has a proven track record of success in launching new business and directing operations for Fortune 500 companies worldwide.

To achieve our objectives, Jonpaul's is seeking loan financing. This loan will be paid from the cash flow from the business, and will be secured by the assets of the company, and backed by the character, experience and personal guarantees of the owners.

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