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Hair Salon Business Plan

Cranium Filament Reductions

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Company Summary

Cranium Filament Reductions, soon to be located in Shaker Hts., OH, will offer reasonably priced, convenient hair styling. Cranium Filament Reductions will accept walk-ins as well as appointments for the entire family. Cranium Filament Reductions will grow its market share based on superior customer attention. Cranium Filament Reductions is a family hair salon, also known as a "quick hair salon."

2.1 Company Ownership

Cranium Filament Reductions is an Oregon corporation owned entirely by Susan Sever.

2.2 Start-up Summary

Cranium Filament Reductions will incur the following start-up costs:

  • Computer with point of sale terminal.
  • Computer with printer for back office.
  • Five cutting stations, each station requires a barber chair, cabinet, large mirror, blow dryer, curling iron, electric razor, several pairs of scissors, spray bottle, two sided mirror, and assorted combs and brushes.
  • Desk for reception area.
  • Three couches for the reception area.
  • Display shelf for sale of retail products.
  • Assorted plants.
  • Assorted toys for the children.
  • Legal fees for business formation and generation/review of contracts.

Please note that the following items that are assets to be used for more than a year will be considered a long-term assets and will be depreciated using the straight-line method accepted by G.A.A.P.

Start-up Funding
Start-up Expenses to Fund £1,100
Start-up Assets to Fund £103,900
Total Funding Required £105,000
Assets
Non-cash Assets from Start-up £7,320
Cash Requirements from Start-up £96,580
Additional Cash Raised £0
Cash Balance on Starting Date £96,580
Total Assets £103,900
Liabilities and Capital
Liabilities
Current Borrowing £0
Long-term Liabilities £45,000
Accounts Payable (Outstanding Bills) £0
Other Current Liabilities (interest-free) £0
Total Liabilities £45,000
Capital
Planned Investment
Susan £60,000
Investor 2 £0
Other £0
Additional Investment Requirement £0
Total Planned Investment £60,000
Loss at Start-up (Start-up Expenses) (£1,100)
Total Capital £58,900
Total Capital and Liabilities £103,900
Total Funding £105,000
Start-up
Requirements
Start-up Expenses
Legal £1,000
Stationery etc. £100
Other £0
Total Start-up Expenses £1,100
Start-up Assets
Cash Required £96,580
Other Current Assets £0
Long-term Assets £7,320
Total Assets £103,900
Total Requirements £105,000
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Start-up Funding
Start-up Expenses to Fund £1,100
Start-up Assets to Fund £103,900
Total Funding Required £105,000
Assets
Non-cash Assets from Start-up £7,320
Cash Requirements from Start-up £96,580
Additional Cash Raised £0
Cash Balance on Starting Date £96,580
Total Assets £103,900
Liabilities and Capital
Liabilities
Current Borrowing £0
Long-term Liabilities £45,000
Accounts Payable (Outstanding Bills) £0
Other Current Liabilities (interest-free) £0
Total Liabilities £45,000
Capital
Planned Investment
Susan £60,000
Investor 2 £0
Other £0
Additional Investment Requirement £0
Total Planned Investment £60,000
Loss at Start-up (Start-up Expenses) (£1,100)
Total Capital £58,900
Total Capital and Liabilities £103,900
Total Funding £105,000
Start-up
Requirements
Start-up Expenses
Legal £1,000
Stationery etc. £100
Other £0
Total Start-up Expenses £1,100
Start-up Assets
Cash Required £96,580
Other Current Assets £0
Long-term Assets £7,320
Total Assets £103,900
Total Requirements £105,000