Presented By Brent Tournier
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
Brent Tournier 4 th Year Marketing Major RBC Account Manager Stephanie Muller Hair Stylist at Hair Style Inn Certified Journey Person
Carman, Manitoba Farming community located in a rich agricultural prairie belt Approximately 3000 residents Located 60KM Southwest of Winnipeg
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.
Primary Secondary Age: All 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
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
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, %
Average Purchase is $50.00 1 st 50% booked (4 clients/day) Total Revenue= $52,000 Break Even= 2.4 clients/day 2nd 70% booked (6 clients/day) Total Revenue= $80,256 Break Even= 2.5 clients/day
3 rd 80% booked (7 clients/day) Total Revenue= $102,889 Break Even= 2.7 clients/day 4 th 85% booked (7 clients/day) Total Revenue= $109,342 Break Even= 2.6 clients/day 5 th 85% booked (7 clients/day) Total Revenue= $116,254 Break Even= 2.5 clients/day
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%