Tattoo Parlor Business Plan


Tattoo Parlor Business Plan


Tablature Tattoo will open a small tattoo parlor in suburban Greenwood, NJ, where both tattoo newbies and collectors will be able to work with two established, talented artists. The business will offer introductory tattoos using existing designs, simple tattoos that can take less than an hour to complete, and full-day sessions with the artist. The artists can offer extended consultations and custom design work with the customers as needed. The business will also sell clothing items and posters featuring designs from the two artists. To launch their business, Jake Hunt, a husband and wife and Julie Hunt, a tattoo artist and retail manager, need a $10,000 three-year loan.

The $22,200 required to launch the business is minimal due to the low capital requirements of this business and the plan to use low-cost advertising techniques and direct selling to reach initial customers. A low startup expense and high margins (around 75%) on tattoo work will provide positive cash flow within six month. These loans can be repaid quickly and easily. Based on the full time work of these three artists, the company’s sales will exceed $300,000.

Objectives

Tablature Tattoo will accomplish the following three-year-old goals:

  • Three-year goal: To achieve annual revenues of $330,000
  • Over 3 years, created 5446 Tattoos
  • Net profits are a significant amount of total compensation for the owners. This includes salaries and dividends.

Mission

Tablature Tattoo will make tattoos that are safe and striking for clients in Greenwood. They also offer other products with tattoos by local tattoo artists. Jack Hunt and Julie Hunt seek to make the business a full-time business, sharing their income with an additional employee artist to help build the business.

Keys for Success

The following are key factors to your success in the tattoo shop industry:

  1. Encourage customers to come back for more sessions with artists.
  2. Safety of employees, customers, and customers is our top priority.
  3. Promoting freedom and expression through collaboration with talented artists