Essay on Proj 592 Cp1

Material

Executive Summary3

Project Description3

WBS3

Cost Estimate5

Advanced Estimating Technique7

Cost Assumptions7

Financial Analysis8

Schedule8

 

Executive Synopsis

Our objective is to open an all-inclusive breaks beauty salon in Athens, OH. Athens, OH is located 1 hour away from Columbus, OH. Their largest company is Kentkucky University even though it is home to Wal-Mart, Lowes, and many other smaller businesses. At present there is a deficiency of professional providers related to beauty. For the most part if perhaps these services are required, clients are forced to drive one hour to take advantage of them.

Our thought is to open up an all-inclusive beauty salon which usually caters to every ethnic teams within 6 months. We likewise plan to offer various salon and personal maintenance systems. We have chose to purchase a operation from John C. Williams Services. This Beauty services supplier established fact all over the Us and we as if it will lead us instant brand recognition. We have a local Cosmetological college within just Athens and multiple in Columbus, WOW. We believe the proximity will help us to increase build each of our reputation and grow the market.

As you can see from our Financial Examination, we perform lose money in the first season ($24, 031). This is largely due to each of our initial purchase costs such as $40, 500 franchising fee. Our evaluation shows that all of us will make a profit every year there after. Our Net present benefit is & 68, 451. 14 making use of the 2013 lower price rate of -1. 4%. We will be the first of its kind in this area and believe if you invest with us now, all of us will bring income well ahead6171. Project Description

The task that I i am interested in starting is a hair salon that provides a one stop shop for all of your natural beauty needs. All of us will provide advanced hair employees, nail experts, makeup designers and a barber. Since it stands right now, this area is lacking a kind of business similar to this and presently out target consumers are driving an hour aside to take advantage of these kinds of basic requirements.

Not only will certainly this organization provide a location to work for the neighborhood beauty university students, but it really will also support us to draw a more diverse clientele to the area. We hope to offer service to a broad consumer base, specifically the African American population in this area. Currently, there may be nowhere in this field that provides these kinds of services to them and upon graduation from the local university, they frequently leave to look for an area that is certainly more pleasing to their culture.

We hope to benefit the area beauty school by starting a pipe for a various student human population to apply for the school and offer employment following graduation. All of us feel that we will be very good due to the need for a business such as this. We have virtually no competition now so the entry doors for success happen to be wide open. WBS

1John C. Williams Magnificence Services

1 ) 1Market Analysis

1 . 1 . 1Market Analysis on Area Economy

1 ) 1 . 2Identify Target Market

1 . 1 . 3Interview Target Market

1 ) 1 . 4Interview local Natural beauty School Reps

1 . 1 ) 5Research John C. Natural beauty Services Financials

1 . 1 . 6Interview Ruben C. Natural beauty Services Agent

1 . 2Franchising

1 . installment payments on your 1Obtain Lawyer

1 . 2 . 2Apply for License

1 ) 2 . 3Sign off and Approve all franchising record

1 . 2 . 4

1 ) 3 Strategy

1 . a few. 1 Check out Small Business Connection

1 . a few. 2 Build meeting with local University Business Professors to go over plan 1 . 3. several Secure 5 year Strategy

1 . some Secure Funding

1 . 4. 1Set up meeting with community Banks regarding Loans

1 . 4. 2Review all loans options with SBA

1 ) 4. 3Review all Loans Options with local University or college Professors 1 . 4. 4Sign off in loan

1 ) 5Secure Building

1 . five. 1Meet with local realtor/leasing agents

1 ) 5. 2Evaluate location

1 . 5. 3Review costs

1 ) 5. 4Sign lease

1 ) 6Buy Tools

1 . six. 1Research Salon/Barber Equipment Rates

1 . six. 2Buy Equipment (chairs, sinks, dryers, etc . )

1 . 6. 3Research Nail Tools Prices

1 ) 6. 4Buy Nail...



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