Business Plan for Style n’ Smile Beauty Salon

Running Head: BUSINESS PLAN 0
Business Plan

BUSINESS PLAN 1
Executive Summary
Style n’ smile is a beauty salon that provides all the salon services by satisfying its customer
through quality services, friendly environment in lower prices. In addition to this, it will also
establish a fair, friendly, as well as innovative environment by keeping in mind the ideas, hard
work and diversity.
The mission of the salon is to supply those products and services that will help in relaxing the
mind of customer’s as well physical appearance at the same time. Besides this, the motive of
salon is to provide the trending services. After taking the time of six month, salon is able to find
the good location. After finding this, it is right time to start the new venture. The dream of owner
to start the salon in future by serving as high profession has h the dream true by opening this
salon.
Mohamed, who is co-owner with Ahmed worked in a well-known and renowned salon which is
on larger scale in Dubai, UAE. Due to working for last two year, Mohamed has good contact
with various clients. It is also known for the dedication and hard work. Mohamed as well as hard
working team of beauticians has made the venture successful. In future, the salon is expecting
the growth by connecting with new clients as well as by getting the support of beauticians.
Therefore, in order to achieve this objective, salon is going the seek the loan for financing.
Further, the loan will be paid through cash flows of the business backed by the experience,
characters as well as guarantees.

BUSINESS PLAN 2
1.1 key of success
The reasons of success of business is as follows-
1. Environment- ensuring the customers great service with relaxing and positive
environment at salon. It also ensures the professional service to its customers.
2. Location- Salon is located at the easy accessible location for the customers.
3. Reputation- Due to its best services by the staff and reputation of owner, it is achieving
great success.
4. Wide variety of products and services- Offering the customers wide range of services in
affordable prices.
Company Summary
Style n’ Smiles offers the wide range of products as well as services related to beauty. It also
provides the nail and skin services, improvement in hair quality besides proving the best beauty
products. Style n’ smile believes that its commitment in providing wider range of services at best
location is the reason that keeps it apart from the competitors. The salon will be located in Dubai
mall which will include the 1,540 square feet of space. It has chosen the best location in the
Dubai which is one of the busiest mall. In addition to this, it is accessible across almost part of
town.

BUSINESS PLAN 3
2.1 Start-up summary
After the research of too many months for purchasing of salon, owner decided to initiate the idea
of salon in ground. For this, start-up capital will be used in improving the condition, purchasing
the equipment of salon as well as for design. The leasehold improvement was estimated
approximately AED119, 06000, and the cost for equipment will cost approximately AED99, 360.
In addition, the owner will also invest the cash of AED840 at starting.

BUSINESS PLAN 4
Start-up Expenses
Rent deposit AED 6,687
Other AED 0
TOTAL START-UP EXPENSES AED 6,687
Start-up Assets
Cash Required AED 1,840
Other Current Assets AED 2,208
Long-term Assets AED 218,960
TOTAL ASSETS AED 223,008
Total Requirements AED 229,695
START-UP FUNDING
Start-up Expenses to Fund AED 6,687
Start-up Assets to Fund AED 223,008
TOTAL FUNDING REQUIRED AED 229,695
Assets
Non-cash Assets from Start-up AED 221,168
Cash Requirements from Start-up AED 1,840
Additional Cash Raised AED 0
Cash Balance on Starting Date AED 1,840
TOTAL ASSETS AED 223,008
Liabilities and Capital
Liabilities
Current Borrowing AED 0
Long-term Liabilities AED 227,854
Accounts Payable (Outstanding Bills) AED 0
Other Current Liabilities (interest-free) AED 0
TOTAL LIABILITIES AED 227,854
Capital
Planned Investment
Owner AED 1,840

BUSINESS PLAN 5
Investor AED 0
Additional Investment Requirement AED 0
TOTAL PLANNED INVESTMENT AED 1,840
Loss at Start-up (Start-up Expenses) (AED 6,687)
TOTAL CAPITAL (AED 4,846)
TOTAL CAPITAL AND LIABILITIES AED 223,008
Total Funding AED 229,695
Products and Services
Style n’ smiles offers the wide arrange of products and services that includes the:
 Hair- In this, it will provide the cutting, colors, perms, shampoo, relaxer, conditioning,
reconstructing, curling as well as waving.
 Nails-in this, it includes polish, pedicure, manicures and sculptured mails.
 Skin care- it includes the Body waxing, European facials as well as massage.