Appearance has always meant a lot to women because everyone wants to be beautiful and desirable. A whole beauty industry tries to meet this need for a beautiful part of humanity. Hairstylists, makeup cosmetologists, massage therapists, and many other professionals work hard to ensure that clients receive a positive mood, increase self-confidence, and attract passionate glances of men.
The key to the success of the beauty salon chain business is not only the high quality of provided services but also an individual approach to the wishes of each visitor. We encourage you to create a beauty salon chain with an atmosphere of complicity and goodwill with the help of a business plan for a salon developed by analysts of Finmodelslab.
We created this model regarding many requests on how to start a salon business plan. It will assist you in developing various strategies and calculating a beauty salon profit margin. You can plan weekly revenues, forecast beauty salon expenses, to evaluate needs for certain services, rent charge, salaries of employees, and more.
Properly organized beauty salon chain operations following our business plan will quickly create a positive reputation among potential clients and earn a steady income from the satisfaction of their requests.
Hair Salon Chain Financial Plan Template Will Help You
- Plan Flexible Expense Projection for five years
- Form Salon Chain Startup Checklist
- Forecast Weekly Income Assumption Plan
- Develop the Ideal Employee Handbook
- Forecast Revenues and Expenses
- Predict Salon jobs salaries by years
- Design Seasonality to spread sales
- Forecast Salaries and Wages for your personnel
- Set New Salon Chain Business Goals
- Create your Potential Customer Profile
Benefits of using a Hair Salon Chain Financial Plan Excel Template
Works for startups
Creates a financial summary formatted for your pitch deck.
Convenient, All-In-One Dashboard
Includes all required forecasting reports, including assumptions, profit and loss accounts (income statements), cash flow projections & statements, balance sheets, performance reviews and summaries for months and years (incl. numerous graphs and KPIs).
You might like to work 24/7 all year long, but if not - use the workload setup to adjust the average working hours per month. This way, you will define an appropriate workload for your salon.
I bet you know that the number of salon stations you plan to have in place. Stations are the working places for stylists, beauticians, barbers that will draw profits for you. The more stations you have, the more revenue they will generate for you.
Do you have more than one salon job you will provide? Then, you have to define how much sales each service will generate. Spread 100% across your services, and you are ready to go.
Wouldn’t it be great to have an estimate of how many jobs per hour you will do on average per 1 hour, as well as - how much will you charge per one job? Financial Plan Template includes a pricing assumption plan for the next five years. You will find service/job bring in the most revenue and be able to plan for the future periods.
Extra Product Sales
Most likely, your salon will sell extra products in addition to core services. So, why don't you use the extra product sales there in your forecast? Input extra product monthly sales and assume for sales growth for the next 5 years.
Key Metrics Analysis
Creates 5-year financial projections, proforma, financial statements, and financial ratios in GAAP or IFRS formats on the fly.
Hair Salon Chain Financial Plan Template Reports
Build your plan and pitch for funding
Impress bankers and investors with a proven, solid financial model that impresses every time.
Financial performance KPIs
Here is where you can track your core financial performance indicators in the form of charts.
Pre-built Integrated Financial Statement Structure
All of the core financial statements (Balance sheet, income statement, cash flow and statement of shareholder’s capital) are precisely defined and connected with the inputs
Consists of Income Statement, Balance sheet and Cash flow statement monthly and annual information, presented both with figures and charts.
With just a few rate inputs in the Cost of Capital, we have a Discounted Cash Flow valuation calculated
Cash Flow Statement
It is one of the most important reports because the main goal of each business is to generate cash flow. It shows how much you have consolidated money, how much is not enough when you need to attract additional financing.
It shows the owner and investors where the funds have been invested, what property the business has, what obligations it has and the value of the company as a whole.
Shareholder’s ownership dilution is calculated here. This tab consists of 4 rounds of financing.
Analysis of the revenue streams by each product category.
This tab displays your 4 biggest expense categories and the rest of the expenses as the “other”.
Сomparison of performance indicators in the model and in the industry.
Get a Robust, Powerful and Flexible Financial Model
This well-tested, robust and powerful Excel template is your solid foundation to plan a wide range of different business models. Advanced users are free to expand and tailor all sheets as desired, to handle specific requirements or to get into greater detail.