If you are keen on creating colorful or black-n-white tattoo artworks on a human’s body, from a little star on her wrist to a brute and rigid sleeve on him, one day, you will think of turning your favorite business into a good income. Nowadays, it is fashionable to express one’s inner world by tattooing, capture the names of beloved people, or emphasize natural beauty. In short, the demand is growing every year. Those who think they can handle it are welcome to use our thoroughly developed Tattoo Shop Business Plan Template.
It will assist in planning and starting a successful tattoo salon or unusual and unique tattoo shop. Focus on the essential aspects of your primary goals, clients, or workplace organization and do not bother with complex financial transactions. Our experts have developed an ideal business model based on the world tattoo marketplace. It will help you to forecast new business alliances, tax planning, and taking a bank loan.
Use a tattoo business plan for selection of inventory, predicting the volume of sales, planning your profits, and cash multiplication. It will give you more clarity in dealing with your salon personnel, foster alignment within the team, creating an employee handbook. Tattoo Shop Business Plan is an indispensable assistant in launching a profitable project.
Tattoo Salon Financial Plan Template Will Help You
- Build daily Walk-In Traffic projection
- Calculate break-even point and return on investment
- Forecast Weekly incomes and outcomes
- Calculate Tattoo Shop Startup Expenses
- Use 161 Currencies for inputs and outputs
- Create Sales Mix assumption plan
- Create flexible, 5-year Expense Assumption Plan
- Adjust the percentage of repeat buyers
- Forecast Extra Revenue Streams
- Plan the costs for opening and operating activities
Benefits of using a Tattoo Shop Financial Plan Excel Template
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.
Graphical visualization in a convenient dashboard all in one
All necessary reports and calculations, including variable data for your easement, are displayed on a convenient dashboard. You do not need to move between sheets to compare important data - everything is visible immediately.
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.
You can easily adjust inputs at the launch stage and throughout the further activities of your store to refine your forecast.
Follow Seasonality Trends
Most Salons have to adapt to some sort of seasonality trends. Your area might be flooded with visitors over the summer, but over the winter your sales decline. Or you might have special Christmas selection. This template will help you keep track of seasonality trends year-round.
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.
Solid package of print-ready reports, including a profit and loss statement, cash flow statement, a balance sheet, and a complete set of financial ratios.
Tattoo Shop Financial Plan Template Reports
We do the math
Have all the features above ready with no formulas writing, no formatting, no programming, no charting, and no expensive external consultants! Concentrate on the task of planning rather than programming.
Consists of Income Statement, Balance sheet and Cash flow statement monthly and annual information, presented both with figures and charts.
5-year break-even analysis clearly presented with a chart and numeric.
Profit and Loss Statement
It indicates how much an enterprise earns, its income and expenses and its ability to gain money.
Analysis of the revenue streams by each product category
Operational performance graphs
Here you may visually track your key performance indicators in the form of charts.
Loan Amortization Schedule
You can find this in the “Capital” tab, where you can see internal calculations of the loans, interest, and equity.
With just a few rate inputs in the Cost of Capital, we have a Discounted Cash Flow valuation calculated.
Comparison 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.
Shareholder’s ownership dilution is calculated here. This tab consists of 4 rounds of financing
Great Value for Money
Use a robust and proven financial model based on years of experience at an affordable price. This template has a one-off payment of $79 and absolutely no hidden fees or monthly payments. Your other options? Hiring an financial analyst and pay starting from $30 per hour up to hundreds.