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(Includes immediate download, hard copy and CD-ROM) Based upon an 10 bed Tanning Salon with/without spray booth, providing Nail, Skin, and Massage Services, even includes a Juice bar. Will edit to cover any size Tanning Salon. Now includes both a small and large matrix to cover a mega tanning salon. The Industry According to Looking Fit magazine 10% of the US population now Tan. In 1992-93 the typical tanning Salon had 6.2 tanning beds and an average customer database of 1,673. Today the average Salon has 11 tanning beds and an average customer database of 2,200. The majority of indoor tanning facilities in the United States are small businesses, and more than 50 percent of them have female ownership, compared to 25 percent of businesses in other industries, according to the U.S. Census. The Industry has been in contraction since 2005 when facilities peaked at 25,434 with the rapid rise in disposable income and the best GDP number that the country enjoyed since 911. Since then there has been a loss of 4,514 facilities or 21% with more than 1,600 facilities closing their doors in 2009. Between a terrible economy and the lack of disposable income combined with the new 10% Obamacare tanning tax the industry has been hit very hard by the current operating environment. All Salons big or small need to focus on operating efficiencies and their local loyal customer base. Once again the focus looks to be taking more and better care of the loyal tanning customer offering additional and improved services and or equipment to keep up with the market place. The tanning customer demographic also contains one of the highest service-based spending groups—a combination of the baby-boomer generation and the maturing Generation X group. One of the newest and fastest segments of the demographic however are older tanners over the age of 55. What is most significant about this demographic is the growth that it will continue to bring to the Industry over the next decade. 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 Tanning 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 "Tanning Salon,
Inc." comprehensive business plan package? The Complete plan consists of hard copy and software files of the following :
Small Salon, 10 beds, Five Year Forecast Matrix (Spreadsheet File); type in your assumptions and all of the following statements are immediately calculated....42 pages; Mega Salon, includes Day Spa Services 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/Month to Month Years 1-5 Income Statements/Month to Month Years 1-5 Balance Sheets/Month to Month Years 1-5 Cash Flow Analysis/Month to Month Years 1-5 Break Even Analysis/Month to Month Years 1-5 Financial Ratio Analysis Years 1-5 Summary Statements Auto Generated Use Of Proceeds Statement 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.
The cost of the above information would most likely run
between $3,000.00 $5,000.00 if you were to contract a
CPA/Business Analyst to write your plan and would not
include all the information that QuickPlan offers. Your
special price of $195.00 (Plus shipping and handling)
ensures that you will receive all the information you need
to customize your individual plan with software and indexed
hardcopy with binder. Once again, thank you for your
interest in QuickPlan™ , and should you have any questions
or would like to place an order, please call us at
1-800-417-7017.
Order Email Download Only Online
The following is a complete detailed outline of QuickPlan Tanning Salon ; Operating Budgets Income Statements Balance Sheets Cash Flow Analysis Break Even Analysis & Financial Ratio Analysis
Operating Budgets Income Statements Balance Sheets Cash Flow Analysis Operating Budgets Income Statements Balance Sheets Cash Flow Analysis Break Even Analysis & Financial Ratio Analysis Operating Budgets Income Statements Balance Sheets Cash Flow Analysis Operating Budgets Income Statements Balance Sheets Cash Flow Analysis Break Even Analysis & Financial Ratio Analysis Operating Budgets Income Statements Balance Sheets Cash Flow Analysis 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 Internet Inventory Licenses and Permits Lease Agreement 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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