HAIR SALON CHAIN BUSINESS PLAN Financial Model Excel Template - SALE!

Opening a Hair Salon Chain? That's where a Beauty Salon Chain Business Plan Financial Model Excel comes to get you there

Description
Appearance has always meant a lot to women because everyone wants to be beautiful and desirable. A whole beauty industry tries to meet this need for a beautiful part of humanity. Hairstylists, makeup cosmetologists, massage therapists, and many other professionals work hard to ensure that clients receive a positive mood, increase self-confidence, and attract passionate glances of men.

The key to the success of the beauty salon chain business is not only the high quality of provided services but also an individual approach to the wishes of each visitor. We encourage you to create a beauty salon chain with an atmosphere of complicity and goodwill with the help of a business plan for a salon developed by analysts of Finmodelslab.

We created this model regarding many requests on how to start a salon business plan. It will assist you in developing various strategies and calculating a beauty salon profit margin. You can plan weekly revenues, forecast beauty salon expenses, to evaluate needs for certain services, rent charge, salaries of employees, and more.

Properly organized beauty salon chain operations following our business plan will quickly create a positive reputation among potential clients and earn a steady income from the satisfaction of their requests.

Hair Salon Chain Financial Plan Template Will Help You

- Plan Flexible Expense Projection for five years
- Form Salon Chain Startup Checklist
- Forecast Weekly Income Assumption Plan
- Develop the Ideal Employee Handbook
- Forecast Revenues and Expenses
- Predict Salon jobs salaries by years
- Design Seasonality to spread sales
- Forecast Salaries and Wages for your personnel
- Set New Salon Chain Business Goals
- Create your Potential Customer Profile

Benefits of using a Hair Salon Chain Financial Plan Excel Template

Works for startups
Creates a financial summary formatted for your pitch deck

Convenient, All-In-One Dashboard
Includes all required forecasting reports, including assumptions, profit and loss accounts (income statements), cash flow projections & statements, balance sheets, performance reviews and summaries for months and years (incl. numerous graphs and KPIs).

Workload
You might like to work 24/7 all year long, but if not - use the workload setup to adjust the average working hours per month. This way, you will define an appropriate workload for your salon.

Stations
I bet you know that the number of salon stations you plan to have in place. Stations are the working places for stylists, beauticians, barbers that will draw profits for you. The more stations you have, the more revenue they will generate for you.

Sales Mix
Do you have more than one salon job you will provide? Then, you have to define how much sales each service will generate. Spread 100% across your services, and you are ready to go.

Pricing Plan
Wouldn’t it be great to have an estimate of how many jobs per hour you will do on average per 1 hour, as well as - how much will you charge per one job?
Financial Plan Template includes a pricing assumption plan for the next five years. You will find service/job bring in the most revenue and be able to plan for the future periods.

Extra Product Sales
Most likely, your salon will sell extra products in addition to core services. So, why don't you use the extra product sales there in your forecast? Input extra product monthly sales and assume for sales growth for the next 5 years.

Key Metrics Analysis
Creates 5-year financial projections, proforma, financial statements, and financial ratios in GAAP or IFRS formats on the fly.

Hair Salon Chain Financial Plan Template Reports

Build your plan and pitch for funding
Impress bankers and investors with a proven, solid financial model that impresses every time.

Financial performance KPIs
here is where you can track your core financial performance indicators in the form of charts.

Pre-built Integrated Financial Statement Structure
all of the core financial statements (Balance sheet, income statement, cash flow and statement of shareholder’s capital) are precisely defined and connected with the inputs

Financial reports
This template is a powerful tool that contains many reports for understanding the financial performance of your business.

Valuation Report
with just a few rate inputs in the Cost of Capital, we have a Discounted Cash Flow valuation calculated

Cash Flow Statement
It is one of the most important reports because the main goal of each business is to generate cash flow. It shows how much you have consolidated money, how much is not enough when you need to attract additional financing.

Balance sheet
It shows the owner and investors where the funds have been invested, what property the business has, what obligations it has and the value of the company as a whole.

Capitalization table
Shareholder’s ownership dilution is calculated here. This tab consists of 4 rounds of financing

Top Revenue Category Report
It always happens in retail that some products sell better than others, some bring more profit, others less, and some bring nothing at all. Top revenue, revenue depth, and revenue bridge are reflected here.

Top Expenses
This tab displays your 4 biggest expense categories and the rest of the expenses as the “other”.

Industry benchmarks
comparison of performance indicators in the model and in the industry.

Get a Robust, Powerful and Flexible Financial Model
This well-tested, robust and powerful Excel template is your solid foundation to plan a wide range of different business models. Advanced users are free to expand and tailor all sheets as desired, to handle specific requirements or to get into greater detail.

SETTING UP PURPOSES AND FORMING A PLAN

My client asked a professional financial modeler in my face to prepare an investor-ready business plan. The main questions he wanted us to answer are as follows:

- to understand, whether the business idea is profitable;
- to calculate overall costs of hair salon chain launch;
- to calculate expenses on salaries and wages of hair salon workers;
- to calculate expenses on equipment, suppliers, management, education, and advertising;
- to estimate costs of debt and time needed to loan payback;
- to estimate the best prices for haircuts;
- to craft an effective strategy for business development.

The model consists of:

- 5-year comprehensive financial projection
- 3 statements: Income Statement, Cash Flow Statement, and Balance Sheet Statement
- Dashboard with core assumptions, financials, and outputs
- Revenue calculations based on occupancy and price drivers;
- Debt repayment and capital inputs
- Expenses and Wages assumptions
- TOP Expense/Revenue reports

The hair salon financial model rendered the answers to the underlying questions for the business possible:

- How to open the Salon with no money?
- How to write the business plan for the hair and beauty salon?
- How to do the Break-Even Analysis before starting your Business?
- How to make your Business Profitable?
- How to get your business funded?
- What is a Good Profit Margin for a new Small Business?


BENEFITS OF USING HAIR SALON CHAIN FINANCIAL PROJECTION

First and foremost, we did not hard-code any assumptions.

It is very helpful both for the client and financial modeler, as all the variables could be edited directly from the dashboard or from the revenue/expense/wages sections.

Thanks to that, we could test different alternatives and make any edits literally on the fly.

Besides it, the action period of budget modeling was editable.

Last but not least, the salon chain financial model considered the interest and the repayment period of the debt.

In result, the user received maximally accurate financial statements summary.

Thus, our salon chain financial metrics was flexible and editable, which provided the client with great user experience and confidence in the profitability of his business idea.

• About us

Do you need a cash flow projection for your business? Or are you looking for an ideal template to prepare your cash flow statement? Whether you are an intending business owner or you have started your business, we are here to simplify your financial recording.

Welcome toFinModelsLab.

• Who we are

We are a financial modelling company set up for small and large business owners. We specialize in financial modelling and dashboards. Our model comes in varying style. Most times we create a customized projection to meet the specific needs of our customers business.

Believe us when we say our financial designs are simply unique and efficient.

• Our Promise

Finmodelslab.com promises to make it easy for people to keep up with cash flow statements and cash flow projections with its efficient and simple designs. Ultimately, we simplify your financial recording process.

With unique and creative designs, FinModelsLab promises to help every business owner to maximize their profit and keep good records of their cash flow. We also provide step by step guide on how to use any templates purchased from us.

Let’s help you take your business to a new height of profitability

• Who We Serve

Cash flow projection helps one to preempt potential business shortfalls. Therefore, we are here to provide cash flow dashboards to help you keep track of your business. Take a look at our financial models and dashboards collection, and you would be convinced about our quality.

Welcome once again to your unique financial model store. Welcome to FinModelsLab!

- Henry Sheykin

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Further information

The purpose of the Beauty Salon Chain Business Plan Financial Model Excel Template is to provide the user with a useful tool to craft an effective strategy for business development and understand, whether the business idea is profitable or not.

The main purposes of the Beauty Salon Chain Business Plan Financial Model Excel Template

- to understand, whether the business idea is profitable;

- to calculate overall costs of hair salon chain launch;

- to calculate expenses on salaries and wages of hair salon workers;

- to calculate expenses on equipment, suppliers, management, education, and advertising;

- to estimate costs of debt and time needed to loan payback;

- to estimate the best prices for haircuts;

- to craft an effective strategy for business development.

It is a generic template so the user will need to tailor the expense assumptions and revenue inputs to their own needs

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