Do you still believe that to open your skincare center is rather complicated? Maybe you already have a business, but you are dreaming of increasing the level of sales. However, you are lack of tech skills or specialized managing knowledge.
You are not a financial expert. No one is born a specialist, but you can become the one. We have created a skin care business plan for you to realize your hidden potential and organize the business of your dreams.
Firstly, with the help of our plan, you will be able to build a financial model of your business, taking into account the economic and obtaining forecast financial reports. On its basis, you will be able to determine the volume of capital investments and working capital needed to finance the project. Now, it is much easier to forecast weekly sales and expenses. Moreover, you can make a 5-year financial projection of your skin care centre. Also, you can print and save your skin care business plan in PDF so that you can always have it on hand.
Secondly, you will have the opportunity to research the market, analyze numbers, and make prices. You will be able to set up products, sales mix, and cash flow by years. Finally, the skin care business plan will make you look more credible to your employees, investors, and partners.
Skin Care Financial Plan Template Will Help You
- Provide Market Analysis
- Make 5-year Expense Financial Plan
- Compute Costs and Expenses
- Plan Effective Development Strategy
- Create Weekly Revenue Assumption Plan
- Calculate Salaries and Wages for your Employees
- Set Objectives for Management
- Develop New Business Alliances
- Foster Alignment Within the Team
- Create a Sales Strategy
Benefits of using a Skin Care Salon Financial Plan Excel Template
Simple and Incredibly Practical
Simple-to-use yet very sophisticated financial planning tool. Whatever size and stage of development your business is, with minimal planning experience and very basic knowledge of Excel you can get complete and reliable results. Additionally, you will receive uncompromised after-sales service and access to valuable tutorial videos and blog posts.
Key Metrics Analysis
Creates 5-year financial projections, proforma, financial statements, and financial ratios in GAAP or IFRS formats on the fly.
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.
You can easily adjust inputs at the launch stage and throughout the further activities of your store to refine your forecast.
Skin Care Salon Financial Plan Template Reports
Save Time and Money
Excel-Financial-Model allows you to start planning with minimum fuss and maximum of help. No writing formulas, no formatting, no programming, no charting, and no expensive external consultants. Plan the growth of your business instead of fiddling around with expensive techy things.
Сonsists of Income Statement, Balance sheet and Cash flow statement monthly and annual information, presented both with figures and charts.
Сomparison of performance indicators in the model and in the industry.
Financial performance KPIs
Here is where you can track your core financial performance indicators in the form of charts.
You will receive all the data necessary for the investors. The weighted average cost of capital shows the minimum return on enterprise funds invested in its activities capital. Free cash flow is cash flow available to all investors, including shareholders and creditors. Discounted cash is the value of future cash flows in relation to the current time.
Profit and Loss Statement
It indicates how much an enterprise earns, its income and expenses and its ability to gain money.
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.
5-year break-even analysis clearly presented with a chart and numeric.
Top Expense Category Report
It is very important to plan costs so that your company is profitable. It is necessary to analyze what are the highest costs and always work on their optimization. This report summarizes 4 biggest expense categories and the rest of the expenses as the “other”.
Operational performance graphs
Here you may visually track your key performance indicators in the form of charts.
Analysis of the revenue streams by each product category.
Saves you time
Allows you to spend less time on finances and more time on your products, customers and business development.