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Published byBrent Carroll Modified over 9 years ago
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Presented By Brent Tournier
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Hair Salon Owned by Brent Tournier and Stephanie Muller Haircuts, Colors, Tanning, Waxing and Gel nails Features two stylists with addition of third stylist in third year of operation
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Brent Tournier 4 th Year Marketing Major RBC Account Manager Stephanie Muller Hair Stylist at Hair Style Inn Certified Journey Person
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Carman, Manitoba Farming community located in a rich agricultural prairie belt Approximately 3000 residents Located 60KM Southwest of Winnipeg
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Diane’s -Typical small town hair dresser -Medium Pricing Point Classic Hair Design -Comparable to an Ultracuts -Low Pricing Point Our competitive advantage will be our ability to offer the elegance of a high end salon in the comfort of a small town price.
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Primary Secondary Age:24-5515-23All Gender:Female Male Location:Carman and Area Income Level:$55,000 +$0-$40,000$40,000 + Class:Middle to Upper Occupation:Farmer’s Wives and Professionals StudentsTrades and Professionals
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Newspaper Ads -The Valley Leader Flyers -Mailboxes in Post Office Website -Updated Monthly Signage -Directly in front of Salon Word of Mouth -People love to talk
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Building- 69 South Main Street $49,000 + $6,000 Furnishing and Equipment $15,000 Total of $70,000 needed, which will be financed at 60% equity and 40% bank debt $28,000- 5 years @ 3.6%
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Average Purchase is $50.00 1 st Year @ 50% booked (4 clients/day) Total Revenue= $52,000 Break Even= 2.4 clients/day 2nd Year @ 70% booked (6 clients/day) Total Revenue= $80,256 Break Even= 2.5 clients/day
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3 rd Year @ 80% booked (7 clients/day) Total Revenue= $102,889 Break Even= 2.7 clients/day 4 th Year @ 85% booked (7 clients/day) Total Revenue= $109,342 Break Even= 2.6 clients/day 5 th Year @ 85% booked (7 clients/day) Total Revenue= $116,254 Break Even= 2.5 clients/day
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Stephanie’s Salary Dividends Year 1- $31,200 - Year 2- $44,554$10,000 Year 3- $54,534$20,000 Year 4- $58,405$25,000 Year 5- $62,552$30,000 IRR- 50.7%
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