Beauty Salon Business Plan Template
If you want to start a beauty salon business or expand your current one, you need a business plan.
Over the past 20+ years, we have helped over 5,000 entrepreneurs and business owners create business plans to start and grow their beauty salons.
Below are links to each section of an example beauty salon business plan template:
2. Company Overview
3. Industry Analysis
4. Customer Analysis
5. Competitive Analysis
6. Marketing Plan
7. Operations Plan
8. Management Team
9. Financial Plan
10. Appendix
Beauty Salon Business Plan FAQs
What Is the Easiest Way to Complete My Beauty Salon Business Plan?
Where Can I Download a Beauty Salon Business Plan PDF?
What Is a Salon Business Plan or Beauty Bar Business Plan?
A business plan provides a snapshot of your salon as it stands today, and lays out your growth plan for the next five years. It explains your business’s goals, business model, the type of services you will offer (beauty services, spa services, nail services, skin care services and/or hair salon services), management team, target market, and a marketing plan for the many ways you can reach new and existing clients. It also includes market research to support your plans and allow you to find the perfect salon location.
A comprehensive financial plan is also key to include so you can show investors the potential viability of your business.
Why Do You Need a Business Plan for a Beauty Salon?
What Are the Sources of Funding for a Beauty Salon?
With regards to funding, the main sources of funding for a new beauty salon are bank loans and angel investors. With regards to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to confirm that your financials are reasonable. But they will want to see a professional salon business plan. Such a plan will give them the confidence that you can successfully and professionally operate your own business.
The second most common form of funding for any type of salon is angel investors. Angel investors are wealthy individuals who will write you a check. They will either take equity in return for their funding, or, like a bank, they will give you a loan.
This is all true for a new salon business plan or a plan to grow an existing salon business.
