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This is the pre-owned RV I found for a great price of $22,500.
With some minor renovations, this RV will be turned into a modern and stylish profesional hair salon.
Strengths
friendly staff creating strong relationships
strong client management
comfortable atmosphere
if you are not comfortable with the job done,
within 7 days you can go back and get it fixed with no cost
sells hair care products
well known
Weaknesses
expensive
mostly targets women
lack of inventory
Opportunities
created jobs
great location, near the main doors in maple view mall to draw in new customers
Threats
doesn't offer extensions or other kinds of special hair services
Nicole's mobile hair salon is a professional mobile hair salon aimed at offering high quality and professional hair extensions, treatments, cuts, highlights and colouring with moderately low pricing. Nicole's is not only a hair salon that offers professional hair services, but we travel to you in out chic and modern mobile salon that is convenient for the client and will set us apart from the competition. We are confident in our services and guarantee that every client is completely satisfied in what they have had done and that we will meet and exceed our clients expectations.
I have a lot of experience within this business, but not working in it. I have always been in the market and looking for a perfect hair salon. I have been getting my hair highlighted and coloured for 5 years and have had professional extensions for 3 years. This makes me aware of my competition and also having an advantage of knowing a lot of people in the industry. This also gives me an advantage because I know what the clients want, as I am a client myself. This business is going to be profitable because it has such a wide market that so many people could be interested in. My business is going to be profitable because although my target market is woman aged 18-25 almost everybody, male and female, younger and older get their hair cut. On top of that, most woman get their hair coloured and highlighted. This gives the business a great chance to be a success.
Nicole's is a mobile hair salon that that offers professional and high quality hair services such as hair extensions, hair cuts, highlights, colouring and formal hair styles. My business has many unique qualities that make us different then any other hair salon . One unique quality of Nicole's is that the hair stylist travels to you in a stylish RV that has been renovated into a modern hair salon.
The stylist will travel to you so that it is more time convenient for the client, as Nicole is a client focused business. Another unique quality of the business is that we offer hair extensions. The demand for hair extensions has been growing so much over the past year. Every woman wants to have long and thick hair that looks natural. According to my research more and more woman are getting extensions or thinking about getting them. Even celebrities like Miley Cyrus and Demi Lovato have these extensions. I offer these extensions at a very reasonable price of $300 which is 60% less then the average salon. I can do this by shipping in the hair overseas, which is a lot less expensive then ordering hair in North America. I also offer my other services a lot cheaper then the average salon because I can save costs by buying my supplies in bulk and not having to pay rent or maintenance fees like you would if you were in a salon.
The reason why this target market would be attracted to my company is a lot of them would still be in school and don't have a car or a way to get to a great hair salon. The company would travel to schools in the area and go to their house, dorm etc and have them and their friends hair done. This is convenient for them because it is hard for this target market to travel to a hair salon nearby. Also, I charge less than the average hair salon because I buy my products in bulk, and having a mobile salon saves on costs such as rent.
-typically woman ages 18-25
-mostly single with a low to medium income level
-most in university or just graduated
The average beauty salon owner makes approximately $30,000 annually(after deducting costs). This is why I believe my sales for cast is very accurate to earn a little less than this the first year, but to largely increase yearly and to create a larger market share. According to a U.S Buearu of Labour Statistics the job rate in the personal care industry will increase by 20% between the years of 2008-2018. This is great for by business as this statistic shows that there will be a higher demand for my service in the early years of my business.
-creating a Facebook page with many contests
-business cards
-website
-named after the owner(me)
-simple and easy to remember
-sole proprietorship
Start Up:
Hair Products(shampoo etc) :$300
Promotional Material:
Business Cards-$50
Monthly:
Phone Bill: $45
Wages: $0
Inventory replacements/changes $50
Gas- $1,000
Electricity: $60
Start Up:
Purchase of RV $22,500
Paint stencil on RV $400
Renovations on the interior of the RV $1,500
Salon Chairs $30
Salon Sink $50
Shelving $80
Professional Mirrors $80
Decor $200
Monthly:
Insurance $300
Accountant $200
I will not have any internal human resources until 2-3 years into my business. This is because the amount of clients I will have during my growth stage will not require more than one hair stylist and more than one RV that travels. I will be the only employee of the business for the first few years. I will be working 24/7 to make sure my business will be successful. I will however during the second or third year have a larger market share with multiple more clients that have a higher demand for my service. Thus when I reach this point in my business I will hire another stylist that will travel in a separate RV then I, so we can keep up with the demand of the clients. This will also allow Nicole's to travel further throughout south western Ontario.
I, the owner of Nicole's mobile hair salon, have a lot of experience in the hair salon industry. Although I have yet to work in the industry, I have been an active customer of the service for approximately 5 years. I have paid for highlights, colour, extensions and hair cuts throughout the years and have grown to know the right and wrong prices, the best extensions to use and the best brands of hair colour. This will give me a better advantage in the business as I already have contacts to buy my supplies from and already have strong relationships with many people in the industry. I have also learned how to high light, cut and all of my other services through watching other stylists do so and having hands-on experience with my own hair and my friends.
“Like this status and the facebook page to be entered into a draw for 40% for any hair cut, color, or high lights. 3 lucky winners will be chosen at random! Good luck!”
Accountant
I will have an accountant to ensure that my banking is right and to do things that I myself do not have the skills to do. The accountant will compile my finical records, advise me how to go through an audit if I ever need to go through that, help me understand my financial statements and much more I do not have the experience with to do myself.