Salon Business Plan for Bank Loan

Page 1

Hair XXX.Company 2021 BUSINESS PLAN

02 TABLE CONTENTSOF DETAILS PAGE Executive Summary 03 Market Research 06 Business Model 18 Strategy 24 Founder’s Profile 32 Financials 45

EXECUTIVE SUMMARY 01 BUSINESS PLAN PRIVATE AND CONFIDENTIAL Details 2021 2022 2023 Cash balance 71,495.60 66,792.33 94,915.12 Revenue 240,000.00 331,200.00 463,680.00 Net profit (3,037.86) 8,190.85 43,876.53

Company XXX LLC will be an LLC incorporated in XXX. The business founder XXX will own 100% of the total shares. The company is in the mid stages of planning and is expected to launch within the last quarter of 2021. Company XXX LLC will be run a hair and nail salon that will provide beauty and grooming services such as is haircutting, hair coloring, hairstyling natural hair,. retailing hair products, facials and wig installation services. The founder is a specialized hair styling expert with years of experience. The industry is currently in the mature stage. The industry is estimated to grow by 5.3% to reach $51.3 billion by 2025. Conservative estimates forecast the company will be profitable by the first year. The primary purpose of this business plan is to apply for the funding to cover the startup expenses. It is estimated that the business will need $99, 069 to cater to salon acquisition and renovation costs, hiring, stocking, among other startup expenses listed within this document. Conservative projections estimate the payback period will be 2.36 years. Below is a summary of the financial projections.

Ø Quality Products

VISION

We will ensure that our systems, processes, hair products and standards are appropriate to the task, which will be delivered with quality and excellence.

Our aim is to always have sustainable growth and maximize our shareholders value, through high rate of turnover and increases in operating profits, accompanied by strong cash flow.

MISSION, & GOALS

To be a self-sufficient, innovative and sustainable hair and beauty salon in which customers are able to enjoy from a wide range of goods and services at prices.reasonable

To maintain integrity in everything

2 3

GOAL

Ø Sales and Profits

1 MISSION

we do, continue to grow and expand to meet the demands of our customers, be competitive, surpass expectations, and develop longlasting relationships with suppliers and customers to sustain our business growth.

Ø

We aim to increase customer traffic by at least 20% every year.

We are committed to understand and meet the needs of our customers, while maintaining a customer-focused culture, to deliver a high level of customer satisfaction.

Ø Building Customer Loyalty

Increasing Customer Traffic

OBJECTIVES

RESEARCHMARKET

Environmental sustainability concerns are expected to become more prevalent over the next five years, leading salons to offer a wider array of ecofriendly products that appeal to trending consumer preferences. Specifically, nontoxic products will likely prove beneficial to industry revenue, and to staff and patrons. This growing niche will likely drive hair salon revenue over the coming years.

Demand for industry services is expected to recover. As a result, industry revenue is projected to rise at an annualized rate of 5.3% to $51.3 billion over the five years to 2025. Continued growth in household income levels during the outlook period is expected to drive consumer spending and boost demand for premium personal care services. Moreover, equipped with larger budgets, consumers will likely continue to favor professional salon products and services, such as hair coloring services, over less expensive alternatives sold at drugstores and supermarkets.

Higher service prices and increased consumer spending on high-margin merchandise and services have also fueled revenue growth, as operators capitalize on rising per capita disposable income. Nonetheless, in 2020 alone, reduced demand stemming from the coronavirus pandemic has weighed on revenue and profit significantly.

New companies, which mainly dominate by non-employers, entered the industry, attracted by stable profit and low barriers to entry. As a result, non-employers entering the industry over the past five years spurred revenue growth, while online platforms, such as Instagram and Facebook, have provided a convenient and low-cost marketing strategy for many stylists and technicians to garner new clientele.

The Hair and Nail Salons industry comprises salons that offer haircuts, facials, makeup application services, hair modification treatments, such as perms and straightening procedures, and deluxe spa manicures and pedicures. Demand for industry services mirrors the broader economic performance as economic growth boosts consumer spending on personal care products and services.

MARKET SUMMARY 01 SOURCE: IBISWorld PRIVATE AND CONFIDENTIAL

Specifically, new products and services have favorably contributed to industry revenue growth over the majority of the past five years. However, the industry has taken a hard hit by the COVID-19 (coronavirus) outbreak in 2020, outpacing revenue growth in previous years. Consequently, revenue has decreased at an annualized rate of 7.0% to $39.7 billion over the five years to 2020, including a decline of 39.7% in 2020 alone.

The business sentiment index is highly correlated with the performance of the US business sector. A declining business sentiment index indicates that prospective industry operators will likely be less inclined to open a new business, causing industry revenue to decline. The business sentiment index is expected to decline in 2020, posing a potential threat to the industry.

Number Of Households

This industry is highly saturated, and as a result, the industry's potential market relies on rising population levels to spur growth. An increasing number of households indicates a growing population. The number of households is expected to grow in 2020.

Number of adults aged 20 to 64

Per Capita Disposable Income

Consumer Spending

KEY INDUSTRY DRIVERS

Adults between the ages of 20 and 64 are the largest source of demand for industry services, given their higher levels of disposable income. An expansion in the size and income of this group typically boosts industry revenue. The number of adults aged 20 to 64 is expected to increase slightly in 2020, representing a potential opportunity for the industry.

01 SOURCE: IBISWorld PRIVATE AND CONFIDENTIAL

Industry revenue is positively correlated with trends in per capita disposable income. When per capita disposable income rises, consumers have more money to spend on discretionary services such as haircuts, hair treatments, hair coloring, manicures and pedicures. Per capita disposable income is expected to fall in 2020, but gradually rise from 2021.

Business Sentiment Index

The industry's revenue performance depends on active consumer spending. With more disposable income, consumers are more likely to purchase personal care products and services, such as those offered in this industry. Consumer spending is expected to decrease in 2020.

INDUSTRY DRIVERS

01

Households in the Houston-The Woodlands-Sugar Land, TX, metropolitan area spent an average of $75,288 per year in 2018–19, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Michael Hirniak noted that this figure was significantly higher than the $62,395 average expenditure level for households in the United States. The hair services falls under the apparel and services category in consumer expenditure. Residents of Houston spend more within that category than the average of all households in the US. This indicates the target is willing to spend more on the industry’s services.

Consumer Spending in Houston

SOURCE: IBISWorld PRIVATE AND CONFIDENTIAL

INDUSTRY DRIVERS

According to the last census, the age distribution was 27.5% under the age of 18, 11.2% from 18 to 24, 33.8% from 25 to 44, 19.1% from 45 to 64, and 8.4% 65 or older. The median age was 31 years. For every 100 females, there were 99.7 males. For every 100 females age 18 and over, there were 97.8 males. A large % of the population is within the age bracket of 25 and 64. Those within this bracket account for about 60% of the total population, which creates a larger source of demand for the industry products.

SOURCE: IBISWorld PRIVATE AND CONFIDENTIAL

01

Number of adults between20 and 64 in Houston

SOURCE: IBISWorld PRIVATE AND CONFIDENTIAL

Per Capita Disposable Income

The median per capita income in Houston is 52,338, and has been steadily growing over the past ten years. The average per capita disposable income in Houston is $35,190.

01

INDUSTRY DRIVERS

Many salons have been able to offer an expanded array of products and services that boosted revenue and capitalized on rising consumer spending. Specifically, prior to the COVID-19 (coronavirus) pandemic, the low unemployment rate fueled demand for services as time-strapped consumers were willing to incur expenses on cosmetic services provided by the

engage with eight hours of work daily, they have less time available for self-care, and thus, likely opt for industry services. However, this trend has reversed since the national unemployment rate has surged dramatically after the coronavirus pandemic. Consequently, revenue has declined at an annualized rate of 7.0% to $39.7 billion over the five years to 2020, including a dip of 39.7% in 2020 alone.

SOURCE: IBISWorld PRIVATE AND CONFIDENTIAL

INDUSTRY PERFORMANCE

Whenindustry.consumers

Over most of the five years to 2020, operators in the Hair and Nail Salons industry have been able to capitalize on healthy macroeconomic conditions, which have paved the way for increases in service sales.

01

While household income plays a factor in who engages in certain services, demand for hair services is relatively consistent across all household income groups.

INDUSTRY STATISTICS 01 BUSINESS PLAN PRIVATE AND CONFIDENTIAL

This suggests that hair is seen as an expense that consumers willingly spend on, regardless of income.

COMPETITION ANALYSIS 01 BUSINESS PLAN PRIVATE AND CONFIDENTIAL ANALYSIS NAME: xxx xxx xxx YEAR FOUNDED: N/A N/A N/A COMPANY TYPE: Private Private Private REVENUE: < $1 mn <$1 mn N/A NUMBER OF EMPLOYEES: N/A Only founder N/A KEY STRENGTHS: Ø Substantial following Ø Strong Instagramengagementonlineon Ø Suitable booking platform Ø Massive followingonline Ø Multiple clients Ø High service variation Ø Strong branding Ø Massive engagementfollowingonlineand Ø Multiple streams of income including classes Ø Presence on multiple social media platforms KEY WEAKNESSES: Ø No website Ø Low product variation Ø Low SEO Ø Low capacity (always booked) Ø No bookingwebsite/onlineplatform Ø Limited services Ø Low SEO Ø Poor branding Ø Poor SEO Ø No onbookingwebsite/onlineplatform(CTA)socials Ø Low capacity

COMPETITION ANALYSIS 01 BUSINESS PLAN PRIVATE AND CONFIDENTIALxxx 1 CHART KEY LOWVARIATIONSERVICE GREAT BRANDING POOR BRANDING HIGHVARIATIONSERVICE BrandOurxxxxxx

MODELBUSINES

Management: XXX

Location: XXX

THE ENTITY BUSINESS PLAN

Registration Address: XXX

Target Customers: Women within the age bracket of 21 and 70. Patients suffering from medical conditions that cause hair loss. Celebrities. Middle lower, middle upper to upper income earners.

The company will be an LLC and run by XXX who owns 100% shares. The founder has been in the industry for years and has vast experience as a hair stylist.

The company has will primarily generate revenue through sales of the listed services and expects to be profitable by year 2. The founder is seeking funding amount of $99,069 to fund the startup expenses.

The company’s core business is haircutting, hair coloring, hairstyling natural hair, retailing hair products, facials and wig installation services.

Company XXX LLC is a business in the hair and nail salon industry located at

The company is in the early stages of development and wishes to launch officially by the third quarter of 2021.

Name: Company XXX LLC

WIG CONSTRUCTION closure wig construction, frontal wig construction, closure wig construction with color, COLORED FRONTAL WIGS This will include wig-coloring services BUSINESS PLAN PRIVATE AND CONFIDENTIAL

This will include makeup application services. This will include steaming, exfoliation,masks, RETAIL PRODUCTSHAIR This will andedgeshampoos,includeconditioners,control,waxstickshairoil. BUSINESS PLAN PRIVATE AND CONFIDENTIAL

OPERATIONAL FLOWS

01 BUSINESS PLAN PRIVATE AND CONFIDENTIAL

BUSINESS PLAN PRIVATE AND CONFIDENTIAL ROLES Ø Answer phones and book appointments Ø Clean work area Ø Assist lead hairstylist (founder) when needed Ø Maintain stock and supplies Ø Greet clients on arrival Ø Shampoo hair and do pre-liminary hair preparations Ø Style hair ROLES Ø Perform preferencesclientsapplicationsmakeupasperneedsand Ø Stay up-to-date with makeup trends Ø Clean and maintain work station to be presentable always Ø Mantain stock levels on makeup products Ø Advise clients Ø Represent the company accordingly ROLES Ø Provide high-quality facial treatments Ø Advise clients and suggest treatments based on needs Ø Remove hair by exfoliation, waxing, threading, or with chemicals Ø Perform face and body masks, wraps, sugar and salt scrubs, compressionand wraps

Esthetician 2 $2,073 $4,145

Position Number Employeesof Monthly Salary Total Salary

Assistant hairstylist 2 1 $1,836 $1,836

Assistant hair stylist 1 $1,794 $1,794 Makeup artist 2 $2,273 $4,545

Total Monthly Salaries $17,319

Year 3

Total Monthly Salaries $8,953

Makeup artist 2 $2,386 $4,772

SALARIES Year 1

Assistant hairstylist 3 1 $1,928 $1,928

STAFFING PLAN 01 BUSINESS PLAN PRIVATE AND CONFIDENTIAL

Assistant hairstylist 2 1 $1,928 $1,928

Esthetician 1 $1,974 $1,974

Position Number Employeesof Monthly Salary Total Salary

Position Number Employeesof Monthly Salary Total Salary

Assistant hairstylist 3 1 $1,836 $1,836

Assistant hair stylist 1 $1,709 $1,709

Assistant hair stylist 2 $1,884 $3,768

Year 2

Makeup artist 1 $2,164 $2,164

Total Monthly Salaries $22,142

Business Owner 1 $5,334 $5,334

Business Owner 1 $5,600 $5,600

Business Owner 1 $5,080 $5,080

STRATEGY

Company XXX LLC will ensure all products and additional services are of the highest quality and in line with the customer’s expectations. The company will ensure customer satisfaction, superior customer relations, fast adoption of new technology, a reasonable price point, and ease of accessibility. This attention to meeting all the critical success factors of the industry is what will ensure the company builds a strong known brand with a positive reputation and a significant market share and dominance in the industry.

Managerial

Strategic

01 BUSINESS PLAN PRIVATE AND CONFIDENTIAL

• Ensure operational efficiency

• Establish a brand that women would love to be associated with

• Keep an eye on competitor's strategies

• Provide excellent service to customers and partners

• Proper packaging and branding

• Build strong relationships with suppliers, partners, and customers

• Stay up to date with trends in the wig industry and trendy hairstyles

Tactical

• Develop and maintain a great reputation

OPERATIONAL STRATEGIES

• Achieve a high degree of profitability.

• Ensure maintenance of brand's image throughout all services provided by all employees.

• Enhance customer satisfaction levels

• Have high customer engagements to ensure accurate review of the products and create benchmarks for improvement

• Ensure only high-quality products and services are provided

• Ensure there is coordination between the employees and customers from the order stage to delivery

MARKETING PLAN 01 BUSINESS PLAN PRIVATE AND CONFIDENTIAL

Once awareness has been created these activities will enable conversion. It will facilitate conversion of the potential clients who are aware of the services into leads.

These activities will facilitate conversion of the leads into sales. They will guide the leads into making informed decisions.

• Social media post and ads • Email marketing • Promotional video • Press Release • Printout brochures

TOFUservices.

• Demo • Feedback • Success stories • Videos and Images • Discounts • Exclusive offers • Free trial • Event

MOFU (Middle of the Funnel)

BOFU (Bottom of the Funnel)

These are the activities that will facilitate awareness. These activities will create the initial awareness of the company’s hair (Top of the Funnel)

MARKETING PLAN 01 BUSINESS PLAN PRIVATE AND CONFIDENTIAL

It is anticipated that this channel will take up 5% of the marketing budget.

Pinterest – creation of posts and boards .

This will boost search engine rankings and increase conversions with time. This will be achieved keywords,identificationthroughofproperuseofmeta titles and descriptions, constant posting of optimized blog posts and use of ALT keywords on pictures posted on social media and the website.

Today, social media is inevitable. The business will outsource social media marketing services from established agencies.

This strategy is anticipated to take 40% of the total marketing budget.

Print Media

This strategy is anticipated to take 35% of the total marketing budget.

Search Engine Optimized Website Content

It is anticipated that this channel will take up 10% of the marketing budget.

Twitter posting relevant tweets to target customers.

This strategy is anticipated to take 10% of the total marketing budget.

The company will use this strategy to promote products, make announcements and increase online footprints.

Influencer Partnerships

The company will print brochures and other printed materials for distribution within target areas.

Instagram – creation of descriptive posts about products and creation of campaigns.

Press Releases

They will be in charge of managing campaigns and all social media pages in a way that represents the brand authentically and increases conversions. This will be the one of the most used marketing strategy.

influencer strategic partnerships will facilitate acquisition of a significant market share.

The largest market share of the industry is women aged 25 45 who according to sprout social make 72% of their purchases based on reviews from

Social Media

The company will partner with micro influencers with high engagement rate to market their products and services.

The company will focus on creating blogs and content that will attract potential customers to their landing pages.

Therefore,influencer.

Have great local SEO. The business will ensure it develops authority in the industry by ranking high on search engine results. The company will strive to rank highly for keywords such as ‘best hairstylist in Houston’.

BUSINESS PLAN PRIVATE AND CONFIDENTIAL

The company will achieve competitive advantage over the identified potential competitors through:

STRENGTHS

Ø

ü Owner has vast experience in the industry ü Growing demand for products ü Minimal startup capital WEAKNESSESOPPORTUNITIESTHREATSü Lack of the needed capital to expand; however, this will be financed through loan. ü Potential to develop custom branded products such as shampoos, wax sticks and other hair and skin care products ü Potential to open other store-fronts after at least two years of operation ü Pro-longed effects of the currently on-going COVID-19 pandemic ü Unfavorable import policies ü Potential competition from similar businesses

User-friendly website. The business will have a website that enhances the user experience which will lead to higher conversions. Most of the competitors websites had no websites or suitable booking platforms. ow UX.

COMPETITIVE ADVANTAGE

Ø

The customers will be receive services from the company’s physical location. Customers will also be able to purchase the products online through the website and Instagram store.

OLACE WEBSITE • PHYSICAL

BUSINESS PLAN PRIVATE AND CONFIDENTIAL

Open multiple locations

Brand Establishment

Within the first year the company should be one of the leading players in the industry within United States.

Positive Outlook from Public

The nature of business is dependent on a high return rate of customers and great reviews. The business will build a positive image from reviews and ratings shared by customers. All complaints will be sorted within a timely manner according to the return policy.

LONG - TERM MILESTONES BUSINESS PLAN PRIVATE AND CONFIDENTIAL 01

The long-term plan is to establish a well-known brand name within the region, acquire a significant market share with return customers then, later on, if conditions allow, expand delivery services to the United States.

This will be achieved through strategic branding where the message passed onto customer will high quality, affordable and easy-to-acquire products, targeted marketing strategies, and high levels of customer satisfaction that will increase market reach through word of mouth.

The goal for the company is to open other business locations within other regions. Suitable locations will be identified in the future.

Increase Market Share

The target is to have at least 50 returning customers within the first three months. With the strong strategic plan in place, this target should be achieved as planned.

The goal for Company XXX is to become a well-known hair salon source within the shortest period possible. One of the key success factors for industry players is the establishment of strong brand.

Development of the official business website

Development

September 2021

July 2021

October 2021

Road Map

July 2021

Renovation of the business location

Implementation October

OctoberJune 2021

Commencement of hiring the required staff

Purchase of equipment and supplies

Official launch of company with open day event End of2021October

September 2021

Milestone Period

Acquire the loan needed of $124,069

Development of branding material; logo, packaging materials, social media templates etc

Hiring of staff for year one End of October 2021

Proper outline of business strategies e.g. marketing before official company launch

Continuous Strategy and onwards2021

October 2021

PROFILEFOUNDER’S

NAME: XXX POSITION: XXX CertifiedEDUCATION:hair stylist XXX EXPERIENCE: Expert hair stylist with years of experience and exemplary skills image BUSINESS PLAN PRIVATE AND CONFIDENTIAL 01

STARTUP COSTS

Rentals

Utilities

SOURCE OF FUNDS

Other

Item Cost Furniture 10,000.00

Initial stock/inventory 2,400.00 26,859.25 6,502.50 1,560.00

Marketing

Transport/Fuel

Rent & Utilities security Deposit

STARTUP COSTS

remodelling

Consulting fees

Computers & POS 2,300.00

Founder’s Equity $25,000 Funding (loan, investor, other) $99,069

STARTUP COSTS BUSINESS PLAN PRIVATE AND CONFIDENTIAL 01

Salon equipment 27,000.00

Licenses

Signage 25.00

Salaries

Insurance

Website Design

Building improvements

Startup Costs Total

Repairs and Maintenance 900.00 and Advertising 660.00 600.00 Expenses 1,200.00 & 2,500.00 500.00 and 32,000.00 1,000.00 8,062.50 124,069.25

FINANCIALS

KEY ASSUMPTIONS

KEY ASSUMPTIONS BUSINESS PLAN PRIVATE AND CONFIDENTIAL 01

Average

Marketing/revenue 1.10% IBISWorld Salary incerement 5% Average Inflation 2.80% Economy

salon size in sq.ft. 1500 https://thesalonbusiness.com/average-salon-size Average rent/sq ft in Huoston 17.34 https://www.houstonpublicmedia.org Utilities 2.60% IBISWorld Other Expenses 2.00% IBISWorld Salon Startup costs Multiple estimates https://www.sage.com/

REVENUE AND EXPENSES BUSINESS PLAN PRIVATE AND CONFIDENTIAL 01 Revenue Year 1 Year 2 Year 3 240,000.00 331,200.00 463,680.00 ANNUAL REVENUE Year 1 Year 2 Year 3 20,000.00 27,600.00 38,640.00 19,597.74 26,034.49 33,109.41 MONTHLY REVENUE VS EXPENSES Average Monthly Revenue Average Monthly Expenses

PROJECTED INCOME STATEMENT BUSINESS PLAN PRIVATE AND CONFIDENTIAL 01 PRO FORMA INCOME STATEMENT Year 1 Year 2 Year 3 Sales 240,000.00 331,200.00 463,680.00 Cost of sales 28,800.00 39,744.00 55,641.60 Gross Profit 211,200.00 291,456.00 408,038.40 OPERATING EXPENSES Salaries 107,437.00 207,825.45 265,699.19 Rentals 26,010.00 26,736.00 27,480.00 Utilities 6,240.00 8,611.20 12,055.68 Repairs and Maintenance 3,600.00 4,968.00 6,955.20 Marketing and Advertising 2,640.00 3,643.20 5,100.48 Transport/Fuel 2,400.00 3,312.00 4,636.80 Other Expenses 4,800.00 6,624.00 9,273.60 Insurance & Licenses 2,500.00 3,450.00 4,830.00 Website Design 500.00 0.00 0.00 Building improvements and remodelling 32,000.00 0.00 0.00 Consulting fees 1,000.00 0.00 0.00 Rent & Utilities security Deposit 8,062.50 0.00 0.00 Total Operating Expenses 197,189.50 265,169.85 336,030.95 Depreciation 7,865.00 7,865.00 7,865.00 Interest Payment 9,183.36 7,500.02 5,640.41 Net Profit Before Tax (3,037.86) 10,921.13 58,502.04 Tax 2,730.28 14,625.51 Net Profit After Tax (3,037.86) 8,190.85 43,876.53

PROJECTED CASHFLOW STATEMENT

BUSINESS PLAN PRIVATE AND CONFIDENTIAL 01

Taxes

Opening Balance71,495.60 66,792.33 240,000.00 331,200.00 463,680.00 Subtotal Cash from Operations 240,000.00 331,200.00 463,680.00

Start-up Capital: Equity 25,000.00 Loan 99,069.25 Subtotal Cash Received 124,069.25

-Bank

Cash Expenditures Stock 28,800.00 39,744.00 55,641.60 Expenses 197,189.50 265,169.85 336,030.95 Subtotal Spent on Operations 225,989.50 304,913.85 391,672.55

Net

PRO FORMA ANNUAL CASH

Additional Cash Spent - 2,730.28 14,625.51 39,325.00 Repayment 25,259.15 25,259.15 25,259.15 2,000.00 3,000.00 4,000.00 Subtotal Additional Cash Spent 66,584.15 30,989.43 43,884.66 Cash Flow 71,495.60 (4,703.28) 28,122.79 Balance 71,495.60 66,792.33 94,915.12

Dividends

- -

Purchase Equipment

FLOW Year 1 Year 2 Year 3

Operating

Cash

Sales

-Loan

- -

Pro Forma Balance Sheet Year 1

Current Assets Cash 71,495.60 66,792.33 94,915.12 Total Current Assets 71,495.60 66,792.33 94,915.12

BUSINESS PLAN PRIVATE AND CONFIDENTIAL 01PROJECTED BALANCE SHEET

ASSETS

Accumulated Depreciation 7,865.00 15,730.00 23,595.00

BankLiabilitiesLoan

Total Liabilities

Equipment 39,325.00 39,325.00 39,325.00

AND LIABILITIES

TOTAL EQUITY AND LIABILITIES 102,955.60

EquityEquity 19,962.14 25,152.98 65,029.51 Total Equity 19,962.14 25,152.98 65,029.51 82,993.47 65,234.34 45,615.61 82,993.47 65,234.34 45,615.61 90,387.33 110,645.12

LongASSETSTerm Assets

Total Long Term Assets 31,460.00 23,595.00 15,730.00

Year 2 Year 3

TOTAL 102,955.60 90,387.33 110,645.12

EQUITY

LOAN REPAYMENT TABLE BUSINESS PLAN PRIVATE AND CONFIDENTIAL 01

Year 3 25,259.15 5,640.41 19,618.74 45,615.61

Year 4 25,259.15 3,586.07 21,673.08 23,942.53

Payments Interest Paid Principal Paid Year End Outstanding Balance

Total

Year 1 25,259.15 9,183.36 16,075.78 82,993.47

Year 5 25,259.15 1,316.62 23,942.53 (0.00)

Year 2 25,259.15 7,500.02 17,759.13 65,234.34

KEY CHARTS BUSINESS PLAN PRIVATE AND CONFIDENTIAL 01 Net Profit After Tax Year 1 Year 2 Year 3 3,037.86 8,190.85 43,876.53 NET PROFIT AFTER TAX STARTUP COSTS Furniture Computers & POS Salon equipment Signage Initial stock/inventory Salaries Rentals Utilities Repairs and Maintenance Marketing and Advertising Transport/Fuel Other Expenses Insurance & Licenses Website Design Building improvements and remodelling Consulting fees Rent & Utilities security Deposit Startup Costs Total

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