Business Plan- Hairl Salon
Transcript of Business Plan- Hairl Salon
-
8/3/2019 Business Plan- Hairl Salon
1/35
Cranium Filament Reductions
Hair Salon Business PlanCranium Filament Reductions is a hair salon offering value-priced services for the entirfamily. There are many "quick salons" like Cranium, but many of these provide onlyminimal services, whereas the upscale salons can be inconvenient due to schedulingrequirements and cost. We will address a market need for low-cost salons with customeservice.
Hair Salon Business PlanCranium Filament Reductions
Executive SummaryIntroductionCranium Filament Reductions is a hair salon that allows the entire family to have their hair nee
satisfied in one convenient visit.There are many "quick salons" like Cranium, however, many of these salons, such as CostCutters, only provide the minimum services, whereas the upscale salons can be inconvenient duto scheduling requirements and cost. The owner of Cranium perceives an unfulfilled customer
d f l l h id i fl ibili d i i
http://www.bplans.co.uk/hair_salon_business_plan/http://www.bplans.co.uk/hair_salon_business_plan/ -
8/3/2019 Business Plan- Hairl Salon
2/35
The Market
The hair styling industry is highly fragmented with national chains such as Regis Corporation,
which operates diverse franchises catering to all the market segments, and also includingthousands of "mom and pop" salons that are very restricted in scope and services. This makes fa highly competitive market that has low barriers to entry and exit. In addition, the clients of hastyling have significant leverage due to the low switching costs they have. However, mostcompanies have tried to pursue only one general strategy in gaining market share. Craniumbelieves that it is possible to offer a differentiated service through improved customer service ano greater significant cost if the right employee incentives are provided.
With this strategy in mind, the company's goal is to increase the number of clients served by at
least 20% per year.
Cranium Filament Reductions will target three different market segments:
Men will typically make up 70-75% of the clientele.
Females who cannot afford an upscale salon.
Young mothers with children.
http://www.bplans.co.uk/hair_salon_business_plan/images/bc49aab41b914ef99dca65af1ff71a82.png -
8/3/2019 Business Plan- Hairl Salon
3/35
3. To develop a sustainable start-up business, contributing to increasedemployment of community residents.
Company SummaryCranium Filament Reductions, soon to be located in Shaker Hts., OH, will offer reasonablypriced, convenient hair styling. Cranium Filament Reductions will accept walk-ins as well asappointments for the entire family. Cranium Filament Reductions will grow its market sharebased on superior customer attention. Cranium Filament Reductions is a family hair salon, alsoknown as a "quick hair salon."
2.1 Company OwnershipCranium 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, largemirror, blow dryer, curling iron, electric razor, several pairs of scissors, spraybottle, two sided mirror, and assorted combs and brushes.
Desk for reception area
-
8/3/2019 Business Plan- Hairl Salon
4/35
Start-up Funding
Start-up Expenses to Fund 1 100
http://www.bplans.co.uk/hair_salon_business_plan/company_summary_fc.cfm#table_1_big_div -
8/3/2019 Business Plan- Hairl Salon
5/35
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
Requirement0
Total Planned Investment 60,000
-
8/3/2019 Business Plan- Hairl Salon
6/35
Stationery etc. 100
Other 0
Total Start-up Expenses 1,100
Start-up Assets
Cash Required
96,58
0
Other Current Assets 0
Long-term Assets 7,320
Total Assets103,9
00
Total Requirements105,0
00
-
8/3/2019 Business Plan- Hairl Salon
7/35
Females who cannot afford an upscale salon. Women tend to favor afemale specific upscale salon if they can afford it. There is not often a
difference in quality of an upscale salon relative to a family hair salon otherthan a upscale salon will tend to pamper you more, only acceptsappointments, and the facility is generally a bit plusher. Someone who isfiscally responsible as opposed to someone who likes opulence will favor afamily style salon.
Young mothers with children. Most young children are notoriously difficuwhen it comes to getting haircuts. A family style salon is a more laid-back
place that allows the children to play while they are waiting and then willwork with the parents in calming the kids nerves when they are ready fortheir shearing.
http://www.bplans.co.uk/hair_salon_business_plan/images/217c61d5fbc64df1a24aa5f1c40ec566.png -
8/3/2019 Business Plan- Hairl Salon
8/35
4.2 Target Market Segment Strategy
Cranium Filament Reductions will target each of the three groups separately. The males will be
targeted by offering a quick, convenient, service. Because men tend to have shorter hair,they usually require haircuts more often. If they are getting a cut every four weeks and worknormal business hours, most barbers are closed when the male customers have free time.Cranium Filament Reductions will cater to males with evening hours, no appointmentsnecessary, and quick turn around times.
Generally females prefer the allure of upscale salons, however, not everyone can afford thisluxury. For this reason Cranium Filament Reductions will provide the same quality hair stylingwithout the expensive price. Cranium will target these customers by emphasizingthe sophisticated, ultra-hip styling that Cranium can offer.
Cranium Filament Reductions will also target mothers with children by offering the kids toys toplay with while they wait and child-friendly hair stylists. Additionally, children receive a speciarate reflecting the fact that children's hair grows so fast that it can be expensive to keep up withregular cuts, as well as the recognition that it generally takes a lot less time to cut a child's hair it should be inherently less expensive.
4.3 Service Business Analysis
The "hair" service industry is fairly diverse. On one end of the spectrum you have the traditionabarber, on the other end you have the fashionable boutique salons. Somewhere in between thereare independent hair stylists, franchise barbers and stylists, and beauty salons.
-
8/3/2019 Business Plan- Hairl Salon
9/35
tend to bond more with their stylists. Because they bond more, they are much more loyal to thestylist. Once a stylist has earned their trust they are more willing to blindly put their hair in the
stylists hands.
Strategy and Implementation SummaryCranium Filament Reductions will rely on three separate strategies to grow market share. Thefirst is superior customer service. Customers will be blown away with the level of service thatthey receive. They have expectations of average (at best) customer service from a quick salon
based on past experiences.Cranium will also be leveraging its high-traffic store front location in a shopping center to drivepeople into the store. They will benefit from the shopping center association's marketing effortsto bring more people to the center.
Lastly, Cranium Filament Reductions will use financial incentives early on to build a large, loycustomer population.
5.1 Competitive Edge
Cranium Filament Reductions' competitive edge is based on faultless customer service. CraniumFilament Reductions recognizes that the hair cutting/styling market is crowded so it is difficult stand out. Cranium Filament Reductions will stand out by providing superior customer attentionThis is particularly important in the "quick salon" space that Cranium operates in because
-
8/3/2019 Business Plan- Hairl Salon
10/35
hair care products for employees to encourage usage so they can explain to the customer abouttheir personal experiences. Additionally, Cranium offers a product-based commission structure
for the hair care products where they give away the product to the employee for commissions fselling the items to their customers. These personal testimonials and commission structure willallow Cranium to generate good sales from the retail hair care products.
5.3.1 Sales Forecast
The first month will be used to set up the store and hire and train the employees. The store willbe officially open the second month. Sales for month two through will four will be somewhatslow as Cranium will be building up a customer base. From month four on sales will grow
steadily.
http://www.bplans.co.uk/hair_salon_business_plan/images/c13beb79d0734c1d9ee580c52ff97cf6.png -
8/3/2019 Business Plan- Hairl Salon
11/35
Sales Forecast
Year 1 Year 2 Year 3
Sales
Males217,11
2
395,45
8
411,54
5
Females 21,711 39,546 41,155
Women with small
children2,171 3,955 4,115
Retail hair care
products36,149 65,844 68,522
Total Sales277,14
3
504,80
2
525,33
7
Direct Cost of Sales Year 1 Year 2 Year 3
Males 26 053 47 455 49 385
http://www.bplans.co.uk/hair_salon_business_plan/strategy_and_implementation_summary_fc.cfm#table_1_big_div -
8/3/2019 Business Plan- Hairl Salon
12/35
t
Business plan
completion1/1/2001 2/1/2001 0 ABC Marketing
Set up the store front 1/1/2001 2/1/2001 0 ABCDepartmen
t
Revenue exceeding
100,0001/1/2001 7/1/2001 0 ABC
Departmen
t
Profitability 1/1/2001 9/1/2001 0 ABCDepartmen
t
Totals 0
Management SummarySusan Sever received her bachelor's degree from Miami University in Oxford, OH. Whilepursuing her degree Susan worked in the restaurant industry. For the four years during school s
was a server in an upscale restaurant. While this provided very good income, particularly on theweekends, she longed for management experience.
After graduation she sat down with the owner of the restaurant and presented him with a welld t h h h ld b f th t bli h t H i i t h
-
8/3/2019 Business Plan- Hairl Salon
13/35
Year 1 Year 2 Year 3
Susan36,00
0
40,00
0
44,00
0
Receptionist17,60
0
19,20
0
19,20
0
Part-time hair stylist33,00
0
36,00
0
36,00
0
Part-time hair stylist33,00
0
36,00
0
36,00
0
Part-time hair stylist33,00
0
36,00
0
36,00
0
Part-time hair stylist33,00
0
36,00
0
36,00
0
Part-time hair stylist33,00
0
36,00
0
36,00
0
Part-time hair stylist33,00
0
36,00
0
36,00
0
Total People 8 8 8
-
8/3/2019 Business Plan- Hairl Salon
14/35
Other 0 0 0
7.2 Break-even Analysis
The Break-even Analysis indicates what Cranium must achieve in monthly revenue to reach thebreak even point.
http://www.bplans.co.uk/hair_salon_business_plan/images/3ea354d02eba4ec4972119b31d9d3df7.png -
8/3/2019 Business Plan- Hairl Salon
15/35
http://www.bplans.co.uk/hair_salon_business_plan/images/67fdf08d86b447b886d8aae0fe1c7f6d.pnghttp://www.bplans.co.uk/hair_salon_business_plan/images/1e847a01e0dd41ce89483c57825f918e.png -
8/3/2019 Business Plan- Hairl Salon
16/35
http://www.bplans.co.uk/hair_salon_business_plan/images/18ad4473b5764f5ab48b7c4add79698a.png -
8/3/2019 Business Plan- Hairl Salon
17/35
Gross Margin 233,764 425,790 443,111
Gross Margin % 84.35% 84.35% 84.35%
Expenses
Payroll 251,600 275,200 279,200
Sales and Marketing and Other
Expenses1,442 0 0
Depreciation 1,464 1,464 1,464
Leased Equipment 0 0 0
Utilities 1,200 1,200 1,200
Insurance 1,500 1,500 1,500
Rent 24,000 24,000 24,000
Payroll Taxes 37,740 41,280 41,880
-
8/3/2019 Business Plan- Hairl Salon
18/35
Pro Forma Cash Flow
Year 1 Year 2 Year 3
Cash Received
http://www.bplans.co.uk/hair_salon_business_plan/financial_plan_fc.cfm#table_4_big_div -
8/3/2019 Business Plan- Hairl Salon
19/35
Expenditures Year 1 Year 2 Year 3
Expenditures from Operations
Cash Spending 251,600 275,200 279,200
Bill Payments 101,816 172,090 181,489
Subtotal Spent on Operations 353,416 447,290 460,689
Additional Cash Spent
Sales Tax, VAT, HST/GST Paid Out 0 0 0
Principal Repayment of Current
Borrowing0 0 0
Other Liabilities Principal
Repayment0 0 0
Long-term Liabilities Principal
Repayment0 0 0
Purchase Other Current Assets 0 0 0
-
8/3/2019 Business Plan- Hairl Salon
20/35
Cash 20,307 77,820142,46
7
Other Current Assets 0 0 0
Total Current Assets 20,307 77,820142,46
7
Long-term Assets
Long-term Assets 7,320 7,320 7,320
Accumulated
Depreciation1,464 2,928 4,392
Total Long-term
Assets5,856 4,392 2,928
Total Assets 26,163 82,212145,39
5
Liabilities and Capital Year 1 Year 2 Year 3
-
8/3/2019 Business Plan- Hairl Salon
21/35
2)
Total Liabilities and
Capital
26,163 82,212145,39
5
Net Worth(30,78
2)22,870 85,427
7.6 Business Ratios
Business ratios for the years of this plan are shown below. Industry profile ratios based on theStandard Industrial Classification (SIC) code 7231, Beauty Shops, are shown for comparison.
Ratio Analysis
Year 1 Year 2 Year 3Industry
Profile
Sales Growth 0.00% 82.14% 4.07% 7.50%
http://www.bplans.co.uk/hair_salon_business_plan/financial_plan_fc.cfm#table_6_big_div -
8/3/2019 Business Plan- Hairl Salon
22/35
Advertising Expenses 0.52% #VALUE! #VALUE! 2.50%
Profit Before Interest and Taxes -30.74% 16.07% 17.87% 3.20%
Main Ratios
Current 1.70 5.43 9.52 1.79
Quick 1.70 5.43 9.52 1.34
Total Debt to Total Assets 217.65% 72.18% 41.25% 58.70%
Pre-tax Return on Net Worth 291.35% 335.13% 104.61% 5.20%
Pre-tax Return on Assets -342.78% 93.23% 61.46% 12.50%
Additional Ratios Year 1 Year 2 Year 3
Net Profit Margin -32.36% 10.63% 11.91% n.a
Return on Equity 0.00% 234.59% 73.23% n.a
-
8/3/2019 Business Plan- Hairl Salon
23/35
Acid Test 1.70 5.43 9.52 n.a
Sales/Net Worth 0.00 22.07 6.15 n.a
Dividend Payout 0.00 0.00 0.00 n.a
-
8/3/2019 Business Plan- Hairl Salon
24/35
Appendix
Sales Forecast
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11
Sales
Males 0% 0 5,484 6,254 8,547 16,455 18,545 21,545 23,555 26,874 28,745 29,854 31,254
Females 0% 0 548 625 855 1,646 1,855 2,155 2,356 2,687 2,875 2,985 3,125
Women with smallchildren
0% 0 55 63 85 165 185 215 236 269 287 299 313
Retail hair careproducts
0% 0 913 1,041 1,423 2,740 3,088 3,587 3,922 4,475 4,786 4,971 5,204
Total Sales 0 7,000 7,983 10,910 21,005 23,673 27,502 30,068 34,305 36,693 38,109 39,896
Direct Cost of Sales Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11
Males 0 658 750 1,026 1,975 2,225 2,585 2,827 3,225 3,449 3,582 3,750
Females 0 66 75 103 197 223 259 283 322 345 358 375
Women with smallchildren
0 7 8 10 20 22 26 28 32 34 36 38
Retail hair careproducts
0 365 417 569 1,096 1,235 1,435 1,569 1,790 1,914 1,988 2,082
Subtotal Direct Costof Sales
0 1,096 1,250 1,708 3,288 3,705 4,305 4,706 5,369 5,743 5,965 6,245
-
8/3/2019 Business Plan- Hairl Salon
25/35
Personnel Plan
Month 1 Month 2 Month 3 Month4
Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11Month 12
Susan 0% 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000
Receptionist 0% 0 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600
Part-time hair stylist 0% 0 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000
Part-time hair stylist 0% 0 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000
Part-time hair stylist 0% 0 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000
Part-time hair stylist 0% 0 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000
Part-time hair stylist 0% 0 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000
Part-time hair stylist 0% 0 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000
Total People 1 8 8 8 8 8 8 8 8 8 8 8
Total Payroll 3,000 22,600 22,60022,600
22,600 22,600 22,600 22,600 22,600 22,600 22,600 22,600
-
8/3/2019 Business Plan- Hairl Salon
26/35
General Assumptions
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Plan Month 1 2 3 4 5 6 7 8 9 10 11 12
Current InterestRate
10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Long-termInterest Rate
10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Tax Rate 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
Other 0 0 0 0 0 0 0 0 0 0 0 0
-
8/3/2019 Business Plan- Hairl Salon
27/35
Pro Forma Profit and Loss
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9Month
10Month
11Month 12
Sales 0 7,000 7,983 10,910 21,005 23,673 27,502 30,068 34,305 36,693 38,109 39,896
Direct Costof Sales
0 1,096 1,250 1,708 3,288 3,705 4,305 4,706 5,369 5,743 5,965 6,245
OtherProductionExpenses
0 0 0 0 0 0 0 0 0 0 0 0
Total Cost ofSales
0 1,096 1,250 1,708 3,288 3,705 4,305 4,706 5,369 5,743 5,965 6,245
Gross Margin 0 5,905 6,734 9,203 17,717 19,967 23,198 25,362 28,935 30,950 32,144 33,651
Gross Margin%
0.00% 84.35% 84.35% 84.35% 84.35% 84.35% 84.35% 84.35% 84.35% 84.35% 84.35% 84.35%
-
8/3/2019 Business Plan- Hairl Salon
28/35
Expenses
Payroll 3,000 22,600 22,600 22,600 22,600 22,600 22,600 22,600 22,600 22,600 22,600 22,600
Sales andMarketingand OtherExpenses
100 122 122 122 122 122 122 122 122 122 122 122
Depreciation 122 122 122 122 122 122 122 122 122 122 122 122
LeasedEquipment
0% 0 0 0 0 0 0 0 0 0 0 0 0
Utili ties 100 100 100 100 100 100 100 100 100 100 100 100
Insurance 125 125 125 125 125 125 125 125 125 125 125 125
Rent 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000
Payroll Taxes 15% 450 3,390 3,390 3,390 3,390 3,390 3,390 3,390 3,390 3,390 3,390 3,390
Other 0 0 0 0 0 0 0 0 0 0 0 0
TotalOperatingExpenses
5,897 28,459 28,459 28,459 28,459 28,459 28,459 28,459 28,459 28,459 28,459 28,459
Profit BeforeInterest andTaxes
(5,897) (22,554) (21,725) (19,256) (10,742) (8,492) (5,261) (3,097) 476 2,491 3,685 5,192
EBITDA (5,775) (22,432) (21,603) (19,134) (10,620) (8,370) (5,139) (2,975) 598 2,613 3,807 5,314
InterestExpense
375 375 375 375 375 375 375 375 375 375 375 375
-
8/3/2019 Business Plan- Hairl Salon
29/35
TaxesIncurred
0 0 0 0 0 0 0 0 0 0 0 0
Net Profit (6,272) (22,929) (22,100) (19,631) (11,117) (8,867) (5,636) (3,472) 101 2,116 3,310 4,817
NetProfit/Sales
0.00% -327.55% -276.83% -179.94% -52.93% -37.45% -20.49% -11.55% 0.30% 5.77% 8.69% 12.07%
Pro Forma Cash Flow
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9Month
10Month 11Month 12
Cash Received
Cash fromOperations
-
8/3/2019 Business Plan- Hairl Salon
30/35
Cash Sales 0 7,000 7,983 10,910 21,005 23,673 27,502 30,068 34,305 36,693 38,109 39,896
Subtotal Cashfrom Operations
0 7,000 7,983 10,910 21,005 23,673 27,502 30,068 34,305 36,693 38,109 39,896
Additional CashReceived
Sales Tax, VAT,HST/GSTReceived
0.00% 0 0 0 0 0 0 0 0 0 0 0 0
New CurrentBorrowing
0 0 0 0 0 0 0 0 0 0 0 0
New OtherLiabilities(interest-free)
0 0 0 0 0 0 0 0 0 0 0 0
New Long-termLiabilities
0 0 0 0 0 0 0 0 0 0 0 0
Sales of OtherCurrent Assets
0 0 0 0 0 0 0 0 0 0 0 0
Sales of Long-
term Assets0 0 0 0 0 0 0 0 0 0 0 0
New InvestmentReceived
0 0 0 0 0 0 0 0 0 0 0 0
Subtotal CashReceived
0 7,000 7,983 10,910 21,005 23,673 27,502 30,068 34,305 36,693 38,109 39,896
Expenditures Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9Month
10Month 11Month 12
Expenditures fromOperations
-
8/3/2019 Business Plan- Hairl Salon
31/35
Cash Spending 3,000 22,600 22,600 22,600 22,600 22,600 22,600 22,600 22,600 22,600 22,600 22,600
Bill Payments 105 3,285 7,213 7,377 7,872 9,414 9,837 10,430 10,840 11,494 11,863 12,086
Subtotal Spent onOperations
3,105 25,885 29,813 29,977 30,472 32,014 32,437 33,030 33,440 34,094 34,463 34,686
Additional Cash
Spent
Sales Tax, VAT,HST/GST PaidOut
0 0 0 0 0 0 0 0 0 0 0 0
PrincipalRepayment ofCurrentBorrowing
0 0 0 0 0 0 0 0 0 0 0 0
Other LiabilitiesPrincipalRepayment
0 0 0 0 0 0 0 0 0 0 0 0
Long-termLiabilitiesPrincipalRepayment
0 0 0 0 0 0 0 0 0 0 0 0
Purchase OtherCurrent Assets
0 0 0 0 0 0 0 0 0 0 0 0
Purchase Long-term Assets
0 0 0 0 0 0 0 0 0 0 0 0
Dividends 0 0 0 0 0 0 0 0 0 0 0 0
Subtotal CashSpent
3,105 25,885 29,813 29,977 30,472 32,014 32,437 33,030 33,440 34,094 34,463 34,686
-
8/3/2019 Business Plan- Hairl Salon
32/35
Net Cash Flow (3,105) (18,885) (21,830) (19,067) (9,468) (8,341) (4,935) (2,962) 864 2,599 3,646 5,210
Cash Balance 93,475 74,590 52,760 33,694 24,226 15,885 10,950 7,988 8,852 11,452 15,098 20,307
-
8/3/2019 Business Plan- Hairl Salon
33/35
Pro Forma Balance Sheet
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 M onth 10 Month 11 Month 12
AssetsStartingBalances
CurrentAssets
Cash 96,580 93,475 74,590 52,760 33,694 24,226 15,885 10,950 7,988 8,852 11,452 15,098 20,307
OtherCurrentAssets
0 0 0 0 0 0 0 0 0 0 0 0 0
TotalCurrentAssets
96,580 93,475 74,590 52,760 33,694 24,226 15,885 10,950 7,988 8,852 11,452 15,098 20,307
Long-termAssets
Long-termAssets 7,320 7,320 7,320 7,320 7,320 7,320 7,320 7,320 7,320 7,320 7,320 7,320 7,320
AccumulatedDepreciation
0 122 244 366 488 610 732 854 976 1,098 1,220 1,342 1,464
Total Long-term Assets
7,320 7,198 7,076 6,954 6,832 6,710 6,588 6,466 6,344 6,222 6,100 5,978 5,856
Total Assets 103,900 100,673 81,666 59,714 40,526 30,936 22,473 17,416 14,332 15,074 17,552 21,076 26,163
Liabilities
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 M onth 10 Month 11 Month 12
-
8/3/2019 Business Plan- Hairl Salon
34/35
and Capital
CurrentLiabilities
AccountsPayable
0 3,045 6,967 7,116 7,559 9,086 9,490 10,069 10,458 11,099 11,460 11,674 11,945
Current
Borrowing
0 0 0 0 0 0 0 0 0 0 0 0 0
OtherCurrentLiabilities
0 0 0 0 0 0 0 0 0 0 0 0 0
SubtotalCurrentLiabilities
0 3,045 6,967 7,116 7,559 9,086 9,490 10,069 10,458 11,099 11,460 11,674 11,945
Long-termLiabilities
45,000 45,000 45,000 45,000 45,000 45,000 45,000 45,000 45,000 45,000 45,000 45,000 45,000
TotalLiabilities
45,000 48,045 51,967 52,116 52,559 54,086 54,490 55,069 55,458 56,099 56,460 56,674 56,945
Paid-inCapital
60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000
RetainedEarnings
(1,100) (1,100) (1,100) (1,100) (1,100) (1,100) (1,100) (1,100) (1,100) (1,100) (1,100) (1,100) (1,100)
Earnings 0 (6,272) (29,201) (51,302) (70,933)(82,050) (90,917) (96,553) (100,025) (99,924) (97,808) (94,499) (89,682)
Total Capital 58,900 52,628 29,699 7,598 (12,033) (23,150) (32,017) (37,653) (41,125) (41,024) (38,908) (35,599) (30,782)
TotalLiabilitiesand Capital
103,900 100,673 81,666 59,714 40,526 30,936 22,473 17,416 14,332 15,074 17,552 21,076 26,163
-
8/3/2019 Business Plan- Hairl Salon
35/35
Net Worth 58,900 52,628 29,699 7,598 (12,033) (23,150) (32,017) (3