Hair Salon Business Plan

50,000.00 20,000.00

Introduction

Patilad Hair Salon is set to redefine how neighborhood-based Hair Salon and beauty business should be run, not just in Ikeja, but also in the whole of the Lagos. Hair business in Nigeria, as well as in other parts of the world is a money-making venture. This is as a result of the seriousness that is being attached to the trade. These days, more than ever before in the history of man, there are more people who are taking to the trade. In Nigeria for instance, those who own hair salons are considered as those who run essential services, since both men and woman are known to want to care for their hair.

The advent of hair making dates makes to time immemorial. Since the ancient times, there has always been the need for women to look good. Fast forward today and you will find that it hasn’t changed at all, and that is why there are several hair salons that continue to crop up on a daily basis all over the world.

Our strongest selling point at Patilad Hair Salon is the unique strategy of offering private services. We are passionate about putting smiles on the faces of our clients, which is why we shall procure all equipment that will help us achieve just that. We plan to launch out thoroughly, which is why we have also invested plenty of money in making the environment where we plan to operate from very conducive. We believe the aphorism that says ‘first impressions say a lot about a thing’ and that is why our interior and exterior is well furnished to attract all and sundry.

Patilad Hair Salon will at all times demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible. We will ensure that we hold ourselves accountable to the highest standards by meeting our customers’ needs precisely and completely. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our customers.

Business Description

Patilad Hair Salon is a unisex salon that allows the entire family to have their hair needs satisfied in one convenient visit. Our services are offered on a walk-in basis or by appointment. We will emphasize a customer-centric service where the customer’s needs are always the priority. We also have a training arm where we train people on how to run a successful Hair Salon business. It comprises of 5 weeks of lectures, practical and hands-on training. The first company will be located in Ikeja, Lagos state with aggressive growth plans of one new company every 12 months. By so doing, we intend to cover the major cities in south-western Nigeria in ten (10) years.

Patilad Hair Salon is a new business and is about to start the business registration process with Corporate Affairs Commission in Lagos.

Form of business:      Limited Liability Company

Owners of business:   Akinyemi Sarah, Ojulewa Femi

State of business:       New business

Opening days:             8:00 AM -10: 00 PM, Monday to Saturday.        

Business Development

Consultant:                  Shola Fakorede

Legal Adviser:             Ifepe Chambers.

Board of Directors:     Oyebade Adejumobi, Aderogba Adedoyin, Dayo Adetiloye. 

VISION

Our vision as a standard salon is to a one-stop location for accessing high quality, reasonably priced and convenient hair styling in a desirable and conducive environment while offering products at the best possible prices.

MISSION

To provide reasonably priced, convenient hair styling. We exist to attract and maintain customers. When we adhere to this maxim, everything else will fall into place. Our services will exceed the expectations of our customers.

By utilizing this multi-channel approach, we will be able to reach the niche market for quality personal care products rapidly and efficiently. We aim to build a very creative hair salon brand, where all and sundry can turn to so that their appearance can be enhanced.

OBJECTIVES

  • To increase the number of clients served by at least 20% per year through superior performance and word-of-mouth referrals.
  • To satisfy the needs of our target market and support our company goals within six months.
  • To generate a return on…. … to continue reading, add this premium version to cart.
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Table of content

Page

Executive Summary4
Introduction8
Business Description
9
Products and services
12
Market Analysis14

Competitive Analysis16
Sales and Marketing Plan17
Operation Plan21
Management Plan24
Financial Plan and Projections26

Executive Summary

Overview

Patilad Hair Salon is a start-up company located in Ikeja, Lagos. Patilad is a unisex salon that expects to catch the interest of a regular loyal customer base with its full-service beauty salon dedicated to consistently providing high customer satisfaction by rendering excellent service, quality products and furnishing an enjoyable atmosphere at an acceptable price/value relationship. The company plans to build a strong market position in the town due to the partners’ industry experience and mild competition in the area. Patilad Hair Salon aims to offer its products and services at a competitive price to meet the demand of the middle-to higher-income local market area residents. We will also maintain a friendly, fair and creative work environment which respects diversity, ideas, and hard work.

The Company

Patilad Hair Salon will be established as a limited liability company owned by Akinyemi Sarah and Ojulewa Femi. The company will be managed and overseen by Akinyemi Sarah, a seasoned beautician who has sixteen years’ experience in hair styling and have served in countless of salons all around Nigeria. The company’s main office is located at Ikeja, Lagos State. The leased office space should be sufficient for planned staff size growth within the first few years.

Products and Services

Patilad Hair Salon is a salon that allows both male and female folks to have their hair needs satisfied in one convenient visit. We shall be offering private services where our hair stylists and barbers can go to the homes of clients to have their hair problems solved. We know that home service in a place like Ikeja will generate a whole lot of profit that is why we want to key into the trend. We have a training arm where we train people on how to run a successful Hair Salon business. It comprises of 5 weeks of lectures, practical and hands-on training. We also offer consultancy service on any of our products and services. The benefits our products and services are high quality, varieties of products, prompt delivery services, excellent customer care service, online ordering for both training and products.

The Market

Everyone loves looking good and making one’s hair is one of the major pillars of looking good, there is hardly anyone who does not visit a salon or require their services at one point in time or the other. The Hair Salon industry in Lagos has recently experienced rapid growth and Patilad Hair Salon will position itself to cater for this fastidious market. The local customers are looking for high-quality services in a relaxing atmosphere, where they can meet friends and refer a family to. Patilad Hair Salon wants to establish a large regular customer base and will, therefore, concentrate its business and marketing on local residents, which will be the dominant target market…. to continue reading, add this premium version to cart.

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