Hair and Beauty Salon Business Plan – 5Yr Financial Projection Model

Highly-sophisticated and user-friendly Hair and Beauty Salon financial model providing advanced financial projection for a 5-Year Business Plan.

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NEW Version updates
-Commission based Employees have been included in Payroll calculations
-Option to calculate income from booth rentals has been added to the Scenario Tab

General Overview

Highly sophisticated and user-friendly Hair and Beauty Salon financial model providing advanced financial projection for a 5-Year Business Plan.

This template is a flexible tool for owners/CFOs of a Hair and Beauty Salon and is suitable for all stages of the business cycle (start-up, early-late stage, maturity). It includes all necessary data needed to forecast the company’s financial and operational activities, business valuation, and professional presentation through charts & graphs.

The model is fully customizable and is designed for a wide variety of users, from those with little or no accounting or Excel experience to those who may be well versed in finance, accounting, and the use of Microsoft Excel.

Model Structure

Inputs:
• Salon Setup
• Revenue & Cost of Sales Assumptions for 4 different Services (Hair, Nail, Make-up, Wax)
• Service Cost Breakdown Analysis
• Payroll (includes Standard Payroll, Commission Schedule and Bonus Schedule)
• Capex-Opex-Inventory
• Depreciation and Loan Amortization Schedules
• Forecast Scenarios

Outputs
• Service Profitability Analysis
• Year 1 Financial Statements (3 Statement Model)
• 5-Year Forecast (3 Statement Model)
• Financial Ratios & Breakeven Analysis
• Business Performance Dashboard
• Business Valuation
• Professional Executive Summary (can be used for investment decisions)

The model is available in 2 versions (Standard & Premium)

Standard Version includes:

• Set up Assumptions (Operating Hours, Payroll, Revenue, OpEx, CapEX, Inventory, Forecast Scenarios, Financing)
• Service Cost Breakdown Analysis
• Year 1 Financial Statements (3 Statement Model)
• 5-Year Forecast (3 Statement Model)

The Premium Version includes all the features of the Standard Version plus:

• Service Profitability Analysis
• Financial Ratios & Breakeven Analysis
• Business Performance Dashboard
• Business Valuation
• Professional Executive Summary

Detailed instructions on the use of the model are included in the Excel File.

Help & Support

Committed to high quality and customer satisfaction, all our templates follow best practice financial modeling principles and are thoughtfully and carefully designed, keeping the user’s needs and comfort in mind.
No matter if you have no experience or you are well versed in finance, accounting, and the use of Microsoft Excel, our professional financial models are the right tools to boost your business operations!
If you however experience any difficulty while using this template and you are not able to find the appropriate guidance in the provided instructions, please feel free to contact us for assistance.
If you need a template customized for your business requirements, please e-mail us and provide a brief explanation of your specific needs.

Reviews

  • Hair & Beauty Salon Business Plan ASE

    My wife and I are in the process of opening our first salon. I am a numbers guy, I have to see it to believe it. I went back through all the financials and I was just overwhelmed with numbers and calculations. I had all of the data, but couldn’t make sense of the data. I found this tool and it is exactly what i needed. A highly sophisticated tool to look at all the details to map out the next 5 years. Two adjustments were needed which were taken care of imediatly. I highly recommend this!!

    1 of 2 people found this review helpful.

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