Barber Shop Business Plan

Topics: Balance sheet, Barber, Asset Pages: 62 (6663 words) Published: December 31, 2014


OWNERS

Israel Sam H. Buat
Michael Sam H. Buat
Mark Anthony M. Catulong
Charmaine Rose D. Merka

High-Cut Barbershop
Corner Sacred Heart Avenue – Cabrillos Street
Digos City, 8002
I. Table of Contents
I.Table of Contents ………………………………………………………………….2 II.Executive Summary ……………………………………………………………….4 III.General Company Description ……………………………………………………5 Mission Statement
Goal
Objectives
Business Philosophy
IV.Products and Services …………………………………………………………….8 Services
Service Description
Competitive Comparison
Sales Literature
Fulfillment
V.Marketing Plan …………………………………………………………………..10 Market Research
Economics
Services: Features and Benefits
Customers
Competition
Competitive Analysis
Niche
Strategy
Pricing
Proposed Location
Sales Forecast
VI.Operational Plan ……………………………………………………………….26 Location
Legal Environment
Personnel
Inventory
Suppliers
VII.Management and Organization ………………………………………….……28 Organizational Chart
VIII.Personal Financial Statement …………………………………………………29 IX.Startup Expense and Capitalization …………………………………………..33. X.Financial Plan …………………………………………………………………34 5-Year Profit and Loss Projection

5-Year Cash flow Projection
5-Year Projected Balance Sheet
5-Year Changes in Partner's Equity
Notes to Financial Statements
Break-even Analysis
Financial Statement Analysis
XI.Appendices …………………………………………………………………46 XII.Refining Plan ………………………………………………………………62 II. Executive Summary
The High-Cut Barbershop is a trendy old-world men’s barber shop that offers today’s men a haven where he can sit back, relax and experience the up-to-date art of grooming and services in a gentlemen’s atmosphere, which is masculine and therapeutic. The High-Cut Barbershop is aimed at a market that is accessible to all men that will add tremendous value to our community while offering a combination of an outstanding service not currently being offered by any competitor in the city. We intend to be profitable by increasing our client base through becoming a highly sought after destination. Not to mention, our well-trained barbers. We have a huge following, which makes us confident we will be a success from day one. Our goal, beyond becoming a profitable business, is becoming a trusted destination whereby the clients in our community can come to refresh their minds and bodies, replenish their energy, and network with their colleagues and friends.

III. General Company Description
The High-Cut Barbershop is a men’s shop dedicated to consistently provide world class men’s grooming services while furnishing an enjoyable, relaxing atmosphere at an acceptable price/value relationship. Our motto: “Outstanding Service Begins Here”

Tagline: “Keep it short and styled.”
The timing is right for this venture. Patiently searching for the last few years for a similar highly recognized existing business in a prime location was unsuccessful. We therefore decided to build one from the ground up.

Mission Statement:

High-Cut Barbershop will provide a comforting, yet stimulating, old world men's club atmosphere in which customers will be able to relax both their body and mind, through a wide range of services. High-Cut Barbershop will establish itself as a world class service provider to which clients can always come to escape the stresses of life, and rejuvenate their energies, enjoy the camaraderie of their colleagues and friends.

Goal:
We will provide an easily accessible location for clients. And, provide an environment conducive to giving relaxing and professional service. We will also offer to our clients a wide range of services in one setting, and extended business hours. Reputation of the owner and staff as providing superior personal service is essential to us.

Objectives:
1. To create a service-base company whose goal is to exceed customer's expectations. 2. Sales increase substantially by end of Year 2 and nearly double year one revenue by the end of Year 3 and Year 4 and...
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