Opportunity
Problem
A full-service spa salon with a focus on customer satisfaction is essential. It should provide excellent service, high quality products, and an enjoyable environment at a fair price.
Solution
We will supply products and services that improve our clients’ physical appearance and mental wellbeing.
Market
Our clients will be male and female who are fashion-conscious and have disposable income. We will target mostly women clients, but we will include men who match the criteria.
Competition
Although there are many salons that are similar to ours in MyTown, most are located in areas with high incomes. These “Day Spas” will not be our competition. We aim to offer a middle way for clients who can’t afford these high-end salons.
Why Us
Trend Setters, once it is established, will offer a wide range beauty products and services. We will provide high quality services in hair, nail, skin and beauty products. Trend Setters’ uniqueness is in our ability to provide all of the services in one convenient location.
Expectations
Forecast
The forecast shows small profits leveling out in the third year. We believe that this forecast is realistic, even conservative. We will continue to monitor the actual results and adjust the forecast as necessary.
Financial Highlights Year-by-Year
Financing Required
We need to raise $60K from the owner and get $50K from the vendor in order for equipment to be purchased.
The $50K cash cushion, $9K initial expenses and $53K tangible asset at launch are the starting costs.