Setting the Standard since 1996, the original Industry specific business planning software... You could be working on your plan within the next 15 to 30 minutes...
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(Includes Hard Copy, CD-ROM and Immediate Download)

Full and Limited Service Salons with/without Day Spas, Booth/Chair Rental Operations. Calculate staff pay in either % of gross or hourly to cover any scenario. Easily edits to cover any scenario. 

The Industry

According to the Regis Corporation the Worldwide Salon Industry is now worth more than $150 Billion dollars annually and since 2003 it has been growing at a 5.5% average annual growth rate. They also currently estimate the Domestic Hair Salon Industry to be worth more than $53 billion dollars annually. In 1997 the Industry was estimated to be $40 billion dollars indicating an annual average growth rate of approximately 2.6% compounded since 1997. That rate however took a hit at the end of 2008 as the recession that started in the last quarter of 2007 took hold and expectations are currently for the contraction in growth of at least 2.5% with growth slowing moving back to at least a positive 1.5% in 2010 as the Economy continues to exit the current recession. We are now in a high-tech, high-touch world. Consumers are demanding knowledgeable, highly skilled professionals to perform their hair care, skin and body care services. Consumers’ main needs are to look professional, well-groomed and more youthful. Hair salons that diversify to offer personalized packages and spa services outperform others. Also, salons must offer styles that are easy to maintain and services at more convenient times. Between stress, aging and time constraints women are demanding more and more services and with higher disposable income, facilities to answer to these needs. According to Info USA databases, the Industry lost 5,527 facilities or 2.19% in 2009.  The CBO (Congressional Budget Office), expects that over the next year and a half, consumer spending will grow more slowly than in recent years. Contractions within any Industry are not all bad and in fact they can be very profitable for operators with an established clientele or new operators who have the understanding and the cash available to weather the storm. Already lower numbers of new  salons are coming into the market and the Economy will shake the weakest operators out leaving a much more profitable environment for operators who survive. The Industry is tied directly to the health of the U.S. Economy and consumer disposable income. The CBO anticipates that the current recession, which started in December 2007, will have lasted until the second half of 2009, making it the longest recession since World War II they anticipate that real GDP will have dropped by 2.2 percent in calendar year 2009, a steep decline. Severe economic downturns often sow the seeds of robust recoveries. During a slump in economic activity, consumers defer purchases, especially for housing and durable goods, and businesses postpone capital spending and try to cut inventories. Once demand in the economy picks up, the disparity between the desired and actual stocks of capital assets and consumer durable goods widens quickly, and spending by consumers and businesses can accelerate rapidly. Although CBO expects that the current recovery will be spurred by that dynamic, in all likelihood, the recovery will also be dampened by a number of factors. Those factors include the continuing fragility of some financial markets and institutions; declining support from fiscal policy as the effects of ARRA wane and tax rates increase because of the scheduled expiration of key tax provisions; and slow wage and employment growth, as well as a large excess of vacant houses.

Source: Congressional Budget Office Economic Projections and revisions.

 In CBO’s forecast, real GDP increases by 2.1 percent between the fourth quarter of 2009 and the fourth quarter of 2010 and by 2.4 percent in 2011. Given CBO’s estimate of growth in potential output, those GDP growth rates will narrow the difference between actual output and potential output (the output gap) only slightly. Growth of real GDP will accelerate after 2011, spurred by stronger business investment and residential construction.

Source: Congressional Budget Office Economic Projections and revisions.

The rebound in GDP and will also affect real disposable income growth which is expected to grow by 1.2% in 2010 after .50% growth in 2009. For 2012 through 2014, CBO projects that real GDP will increase by an average of 4.4 percent per year, which would close the output gap completely by the end of 2014. Even though economic activity began to increase again during the second half of 2009, the unemployment rate continued to rise, finishing the year at 10.0 percent. Hiring usually lags behind output during the initial stages of a recovery because firms tend to increase output first by boosting productivity and by raising the number of hours that existing employees work; adding employees tends to occur later. CBO expects that the unemployment rate will average slightly above 10 percent in the first half of 2010 and then turn downward in the second half of the year. As the economy expands further, the rate of unemployment is projected to continue declining until, in 2016, it reaches 5 percent, which is equal to CBO’s estimate of the rate of unemployment consistent with the usual rate of job turnover in U.S. labor markets. Reflecting the large amount of slack in the economy, inflation will decrease further from its already low level in 2009, CBO forecasts. The core price index for personal consumption expenditures (that is, the PCE price index excluding the prices of food and energy) will rise by about 1 percent (on a fourth-quarter-to-fourth-quarter basis) in 2010 and by 0.9 percent in 2011. The overall PCE price index will rise by 1.4 percent in 2010 and 1.1 percent in 2011.

For operators just getting started this may be the best time within the business cycle to plan and open your new facility understanding that with interest rates still at all time low levels and marginal operators going out of business you will have accounted for the marginal efficiencies necessary to not only survive against the competition but to thrive as we cycle once again into economic expansion.

Starting a small business is always risky, and the chance of success is slim. According to the U.S. Small Business Administration, over 50% of small businesses fail in the first year and 95% fail within the first five years. Whether you are starting a new Salon, are looking to raise additional capital to expand your currently profitable Salon, or looking to evaluate and value your Salon to sell, current statistics prove that you will do much better with a business plan than without. According to Dunn and Bradstreet the primary reasons for failure vary, but all of the reasons  come under the category of poor planning. You are a part of the one of the most competitive Industries in the world. Your management decisions will decide whether your Salon survives or thrives in the face of increased competition. The most important benefit of a business plan is that it sets the stage for the future of your Salon as you want it to be positioned in the marketplace. A business plan will make it easy for your banker/investor to take action as he/she gains insight into the details of your Salon and the goals that you have outlined. Potential investors can review your plan and decide whether or not to make an investment based upon the risk. You will benefit most as you study and gain detailed insight into your own operations. Updating and constantly reviewing your plan will give you more insight as both a manager and decision maker.

What are the benefits of purchasing this QuickPlan sample "Salon, Inc." comprehensive business plan package?

TIME IS MONEY....We have estimated that it takes an average of 100 hours to research, and write a comprehensive business plan within any Industry. Creating and compiling the five year financial plan and forecasts including 5 years of budgets, income statements, balance sheets, cash flow analysis, and key financial ratio analysis can take more than 20 hours of work by you or your accountant. Now consider sitting down in front of your computer to edit and fill in the details of an already written and organized sample Salon business plan and outline. Whether you are starting a full service  salon are looking for expansion capital to open your second Salon, or want to sell your multi-Salon chain, you will be able to edit this plan into your own.

ALREADY RESEARCHED......ALREADY WRITTEN

The Industry Analysis included, was written based upon current sources. Now use your computer's word processor to turn this sample plan into your own. Enter your revenue assumptions, your operating expense assumptions, and your cash flow assumptions into the QuickPlan five year forecasting template using your computer's spreadsheet program. You will immediately have five years projected month to month operating budgets, income statements, balance sheets, cash flow analysis and key financial ratios. Once you have finished editing, print your plan and simply insert it into the three ring binder included, indexing it according to the pre-labeled inserts.

QuickPlan®Salon and Day Spa is a 260 page comprehensive business plan based on an Full Service Salon and Day Spa . It includes hard copy and software for you to edit into your own. Then simply insert your copy into the three ring binder and organize it with the pre-labeled index included.
 

The Complete plan consists of hard copy and software files of the following :

Before You Begin Checklist	2 pages	(Text file)
Confidentiality Agreement	1 page	(Text file)
Table of Contents	6 pages	(Text file)
Executive Summary	8 pages	(Text file)
Business Description	4 pages	(Text file)
Already Researched and Written Current Salon and Day Spa Industry Analysis, Trends, and Outlook 2011 including growth rates by Region and State,1997- 2009. Just updated in February of 2011,Trends and Outlook through 2011 covering in depth separate Hair Services / Day Spa Services / Nail Services	106 pages	(Text file)
Marketing Strategy	6 pages	(Text file)
Location/Operations	12 pages	(Text file)
Management	3 pages	(Text file)
Financial Plan	4 pages	(Text file)
Employee Manual	10 pages	(Text file)
Operations Manual	27 pages	(Text file)
Salon Equipment	2 pages	(Excel file)
Salon Media Plan Sample	2 pages	(Excel file)
Letter of Intent to lease	2 pages	(Text file)
Price List	3 pages	(Text file)
HOW TO RAISE MONEY/SBA CHAPTER	23 pages	Hard copy
The Small Business Administration’s 31 most asked questions	9 pages.	Hard Copy
SBA Auto Forms, fill them in on your computer:  requires   Its FREE!		(Text File)
Loan Application Standard	6 pages	Acrobat File/Text
Low Doc App. for up to $150,000	8 pages	Acrobat File/Text
Short Form Express up to $50,000	4 pages	Acrobat File/Text
Statement of  Qualifications	2 pages	Acrobat File/Text
Personal Financial Statement	2 pages	Acrobat File/Text
ADA Guide for Small Business	15 pages	Acrobat File/Text
Five year Forecasting Matrix with separate Year 1- Year 5 Budgeted Operations for your Salon and Day Spa plus Tanning  includes new 5 year detailed separate forecasting for Sales Services vs. payroll .	42 pages	(Excel File)
Five year Forecasting Matrix Salon and Day Spa plus Tanning includes new 5 year detailed separate forecasting for Sales Services vs. payroll .	42 pages	(Excel File)
Five year Forecasting Matrix Hair Only.  Includes new 5 year detailed separate forecasting for Sales Services vs. payroll	42 pages	(Excel File)
Five year Forecasting Matrix Booth Rental Only.	42 pages	(Excel File)
Salon/Hospitality Resources over 150 links		(HTML File)

Five Year Forecast Matrix (Spreadsheet File); type in your assumptions and all of the following statements are immediately calculated....42 pages;

Years 1-5 Operating Budgets

Years 1-5 Income Statements

Years 1-5 Balance Sheets

Years 1-5 Cash Flow Analysis

Years 1-5 Financial Ratio Analysis

Years 1-5 Summary Statements

Summary Charts

Use of Proceeds Statement

Equipment according to Department, Stylists, Nail Techs, Estheticians, Massage Therapists, Tanning and Other.

Starting with the, "before you sit down checklist , you will gather your information together to edit on your word processor, (Macintosh, Windows, DOS, etc...) that information which does or does not apply to your Salon or organization....from your average ticket per customer and price list, to inventory, taxes, and staffing. Fill in the details to make this your own comprehensive business plan. Pull up the Five Year Financial Forecaster Spreadsheet and insert your average ticket price, number of stations, seat turnover, percentage splits, and operating expenses, and now study your first year cash flow analysis to answer the question of how much money you are going to need to get started and stay operational. All five years of financial statements are calculated and ready for printing and insertion into your plan. Once finished , print up your plan and simply place it into the three ring binder indexing it according to the pre-labeled index, included.

System Requirements

MicroSoft™ Word™ and Excel™ or MicroSoft™ Office™ are required. The cost of this QuickPlan® Package is $195.00 USD plus shipping and handling for the complete package or $145.00 USD to order the email download only. Not available in any store

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More Detailed Outline;

The following is a complete detailed outline of QuickPlan® Salon and Day Spa;

• Title Page.
• Confidentiality Agreement.
• Table of Contents.
• Executive Summary covering Statement of Purpose, Business Description, Industry Analysis, Marketing Strategy, Location and Operations, Management, and Financial Plan including Use of Proceeds, Exit/Collateral/Payback Strategy, and Conclusion.
• Business Description including History, Legal Form of the Business, Current Situation and Future goals.
• Salon and Day Spa/Industry Analysis Already Researched and Written 2010/11 Current Salon and Day Spa Industry Analysis, Trends, and Outlook 2011 including growth rates by Region and State,1997- 2009.just updated in February of 2011, Trends and Outlook  2011 covering in depth separate Hair Services / Day Spa Services / Nail Services Breakdown,  Local market Segment, Business Risks and customer profile , including sample POP-FACTS demographic report of  location's address giving local market demographics and customer profile for a 1, 3 and 5 mile radius. Targeted Customer profile, local competition, and business risks.
• Marketing Strategy including building and signage,  sales strategy, customer service, advertising and promotion, Media Plan, Publicity Strategy, and Community Relations.
• Location and Operations covering Property and Facility, Licenses and Government Regulations, Utilities Requirements, Build-Out Estimates, Permits, Build-out Equipment, Furniture, Equipment, Menu of Services, Personnel/service, Procedures and Controls, Inventory, Ambiance and Entertainment.
• Management covering key principals, managers and responsibilities.
• Financial Plan summary of provided five year pro forma statements and assumptions, capital requirements, Use of Proceeds, Exit/Payback Strategy, and conclusion.
• Three Separate Financial Matrixes; Salon and Day Spa, Salon ( Hair Only) and Booth Rental only.Projected five year month-to-month financial statements matrix to generate the following:

Worst Case Scenario projected five year month-to-month financial statements:

Operating Budgets

Income Statements

Balance Sheets

Cash Flow Analysis

Break Even Analysis

&

Financial Ratio Analysis

Auto Generated Use of Proceeds Statement

Auto Generated Summary Charts

• Five Year Summaries of :

Operating Budgets

Income Statements

Balance Sheets

Cash Flow Analysis

• Realistic Case Scenario projected five year month-to-month financial statements:

Operating Budgets

Income Statements

Balance Sheets

Cash Flow Analysis

Break Even Analysis

&

Financial Ratio Analysis

Auto Generated Use of Proceeds Statement

Auto Generated Summary Charts

 

• Five Year Summaries of :

Operating Budgets

Income Statements

Balance Sheets

Cash Flow Analysis

• Best Case Scenario projected five year month-to-month financial statements:

Operating Budgets

Income Statements

Balance Sheets

Cash Flow Analysis

Break Even Analysis

&

Financial Ratio Analysis

Auto Generated Use of Proceeds Statement

Auto Generated Summary Charts

 

• Five Year Summaries of :

Operating Budgets

Income Statements

Balance Sheets

Cash Flow Analysis

 

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• Employee Manual for you to edit into your own.

• Operations Manual for you to edit into your own.

• Equipment by Department, Stylists, Nail techs, Estheticians, Massage Therapists, Other.

• Small Business Administrations' 31 most asked questions and SBA/How to raise money.

• Auto Forms and Information, including Personal Financial Statement , Applications, and Statement of Qualifications. 

• ADA Guidelines for Small Business 

• Salon Resources on the Internet over 150 html links.. (html file).

Hard copy with professionally printed indexes covering supporting documents for your plan:

Advertising Samples

Articles of Incorporation

Awards

Build-out Estimates

Collateral Statement

Competition

Company Financials

Demographics

Employee Manuals

Equipment Estimates

Floor Plan

Health Department

Industry Analysis

Insurance

Internet

Inventory

Licenses and Permits

Lease Agreement

Loan Application

Menu

Management Resumes

Operations Manual

Real-Estate

Staff Schedule

Trade References

Vendors

Personal Information

Make your first impression count and concentrate on getting your Salon open!

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Email me a Demo

Salon Resource Links

Looking to plan and  secure funding to open more than one unit (up to 5) over the next five years please review;

QuickPlan®MultiUnitNailSalon2011