TABLE OF CONTENTS INTRODUCTION CHOSEN INDUSTRY AND SEGMENTATION TARGET MARKET COMPETITOR ANALYSIS FINANCIAL REVIEW AND CASH FLOW PROJECTION CONCLUSION REFERENCES
INTRODUCTION The main idea of the business is associated with the opening of new herbal beauty salon in the UK. Regis Herbal salon is the new idea which in tends to focus on providing personalized and customized services to the customers in an aesthetically pleasing environment.
CHOSEN INDUSTRY AND SEGMENTATION Beauty industry is considered to be one of the most fast growing industry which in turn helps in providing individuals with spa treatment, cosmetic products, hair salon, personal care, etc. Regis Herbal salon is the new idea which in tends to focus on providing personalized and customized services to the customers in an aesthetically pleasing environment.
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Business vision: “To be one of the most remedial natural skin care company across the globe”. Business mission: “To provide effective herbal services to the customers by meeting the highest quality standards.” Products and services: Tanning removal Herbal spa treatment Herbal body massage Herbal skincare services Herbal nail care services Herbal hair removal services Herbal skin rejuvenation services Segmentation: Regis Herbal salon will be segmented to high street area in UK where they can attract large number of customers both man and woman from UK in order to provide them with rejuvenating herbal services.
TARGET MARKET The target market will be man and women aged between 18 to 55 years. The key targetedcustomers in the UK helps in effectively providing various herbal services to both man and women at an affordable price. This helps in gaining higher market share and customer base which in turn leads to higher profits for the business.
PEST analysis: Political factor Economic factor Social factor Technological factor Environmental factor Legal factor
Marketing strategy Product:Regis Herbal salon it tends to provide effective quality herbal services to the customers such as Tanning removal, Herbal spa treatment, Herbal body massage, Herbal skincare services, Herbal nail care services, Herbal hair removal services and Herbal skin rejuvenation services. Price:Regis Herbal salon provides various herbal services and products at competitive price. The price varies from services to services. Though, it mainly ranges from $50 to $200. Place:Regis Herbal salon will be located at high street in London, UK in order to attract premium class customers. Promotion:Regis Herbal salon will promote its products and services, through social medial marketing, personal website, advertisement and digital marketing.
FINANCIAL REVIEW AND CASH FLOW PROJECTION Sales forecastAmount in £ ParticularsYear 1Year 2Year 3 Sales300041005200 less:Direct Cost of Sales 400580720 Gross Margin260035204480 less:Fixed cost200250345 Profit240032704135 less:Expenses Payroll400450500 Sales and Marketing and Other Expenses 450520600 Depreciation000 Utilities100130240 Other210250380 Net Profit124019202415
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CONCLUSION From the above study it has been concluded that, new herbal beauty salon is opened at the high street in UK. This study helps in competitor analysis through SWOT and PEST. This study also determines the marketing strategy along with financial review nad cash flow projections.
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