Date post: | 16-Apr-2017 |
Category: |
Business |
Upload: | kazi-reaz-rahman |
View: | 5,356 times |
Download: | 1 times |
“Beauty Salon”
Kazi Reaz Rahman – 0167 47 47 016 Musa Sarkar
Towhidul IslamShamima Akter
Toriqul Islam
Group Member
-A beauty parlor is an establishment dealing with cosmetic treatments for men and women. Other
variations of this type of business include hair salons and spas.
- Beauty Parlor provide services related to skin health, facial aesthetic, foot care, aromatherapy, even
meditation, oxygen therapy, mud baths, massage, facials, manicure, pedicure and innumerable other
services.
Our Mission:
To supply services and products that enhances our client’s physical appearance and mental relaxation.
“Beauty Salon” Parlor
“Beauty Salon” ParlorOur Motto:
Customer Satisfaction Guaranteed
“Beauty Salon” ParlorThe keys to success in our business are:
Location: Providing an easily accessible location for
customers.
“Beauty Salon” Parlor
The keys to success in our business are: Location: Providing an easily accessible location for customers. Environment: Providing an environment conducive to giving a relaxing and professional service.
Convenience: Offering clients a wide range of services in one setting, and extended business hours.
Reputation: The owner and other beauticians have a reputation for providing superior personal service.
“Beauty Salon” ParlorProducts and Services “Beauty Salon” will be providing both services and products to better meet our customers’ needs.
Services
“Beauty Salon” is considered an upscale, full-service beauty salon. We offer a wide range of services that include:
Hair: cuts; relaxers; perms; color’s; shampoo; conditioning; curling; reconstructing; weaving; and waving.
Nails: manicures; pedicures; polish; sculptured nails.Skin Care: European facials; body waxing; massages.Facial & Massage
“Beauty Salon” ParlorHair Design:
“Beauty Salon” Parlor
BEAUTY PARLOUR
Summers & Winter’s harsh climate makes your skin dry
and looks flaky. Bring the best out of your skin by scrubbing
them on a regular basis. Though we never forget
“Beauty Salon” Parlor
FACIAL
Your hands are one of the first areas that people will look at when they meet you. Keep your nails clean and tidy and help your nails to stay strong and
healthy by having a regular
“Beauty Salon” Parlor
Products We will be providing quality hair, nail, and skin care products. In addition we will have other name- brand products for sale to meet customer needs, such as: Matrix, Paul Mitchell, Rusk, and Biology. The products will include shampoos, conditioners, mousse, hair spray, nail polish, nail files, skin conditioners, and cleansers, facial masks, and other such beauty products. What will set “Beauty Salon” apart from the competition is our commitment to providing all of these products and services in one convenient location.
“Beauty Salon” ParlorProducts
“Beauty Salon” Parlor
Pricing Our services will average 300tk, with a range of 50tk for a hair trim to 1000tk for a complete beauty package (hair, massage, facial, manicure, and pedicure). These prices are lower than our competitors’ pricing.
“Beauty Salon” Parlor
Pricing
250 TO 500Herbal clean up , fruit clean up , Pearl clean up , clean up , Skin miracles clean up , White scream clean up , Bio clean-up , Papaya clean-up , Lotus cleanup Diamond
50- 600Boby cut, straight cut, U/cut, v/cut, step cut with wash, only step cut, Layer cut, Front layer, Feather cut, 150-300
Normal manicure , Aroma manicure , French manicure , Deluxe ,
“Beauty Salon” Parlor
Pricing1000Normal massage , Stone massage , Gel cream massage , Aroma oil massage , Powder therapy , Cream therapy , Thai massage , Deep tissue therapy , Relaxing Body therapy , Swedish Massage , Honey spa Therapy , Body spa & complete relaxation.
100 TO 800loreal-Roots touch up, Full hair , Garnier-roots touch up , Mehandhi ,
400-500Normal pedicure , Aroma pedicure , Deluxe pedicure Chocolate ,
“Beauty Salon” Parlor
Pricing1000Normal massage , Stone massage , Gel cream massage , Aroma oil massage , Powder therapy , Cream therapy , Thai massage , Deep tissue therapy , Relaxing Body therapy , Swedish Massage , Honey spa Therapy , Body spa & complete relaxation.
100 TO 800loreal-Roots touch up, Full hair , Garnier-roots touch up , Mehandhi ,
400-500Normal pedicure , Aroma pedicure , Deluxe pedicure Chocolate ,
Competitive SummaryCompetitor name Market
ShareGoodwill Growth rate
Persona 19% Very Strong Increase
Aapon Ghar Beauty Parlour 9% Very Strong Increase
Ador Beauty Parlour 8% Strong Increase
Aparupa Beauty Parlour 7% Strong Increase
Beau Monde 6% Strong Increase
Beauty Secrets 5% General Increase
Bindia Hair, Skin & Beauty Care
5% General Increase
Bithis Herbal 5% General Increase
Canvas Care 4% General Level
Dazzle Beauty Salon 4% General Level
Elegance 3% Normal Level
Evanas Beauty Care 3% Normal Level
Face & Figure 2% Normal Level
Fairy Queen 2% Normal Decrease
Femina Beauty Parlour 1% Unknown Decrease
Hong Kong Beauty Parlour 1% Unknown Decrease
Others 16% General Level
Advertising
Customer Profile “Beauty Salon” typical client will be: *Between the ages of 20 to 55 *Income levels of 25,000tk to 70,000tk *Female *Typically employed part or full-time or student *Looking for a Parlor close to the work place, for lunch hour services or immediately after work Looking for reasonably priced services with a high level of luxuryThey like to be able to have all beauty care services and products in one location due to a busy lifestyle.
Location The Parlor will be located in a retail Mina Bazar Shopping mall at12/A Dhanmondi 27, Dhaka- 1209. The Parlor will utilize 1,540 square feet. The space will be rented from Mainur Rahman, the owner of the Mina Bazar shopping mall. The location is strategically situated on one of the busiest streets in Dhanmondi 27. It is a high profile area, with easy access from all parts of the Dhaka city.
Insurance Coverage The insurance that will be needed for “Beauty Salon” parlor and the agency that it will purchase through is as follows: Fire Insurance – MetLife AlicoTheft Insurance – MetLife AlicoLiability Insurance – National Life Insurance Benefit Packages – MetLife Alico
Shareholder Organogram:
Management Summary
Kazi Reaz Rahman: Chairman. Kazi Reaz Graduate complete of University of Asia Pacific. He has quickly developed the trade skills that have led to her success.
Md. Musa Sarkar: Vice- Chairman. Md. Musa Sarkar Bachelor’s degree in Finance from the University of Asia Pacific. He has extensive experience managing people and businesses.
Towhidul Islam: Managing Director. Graduate complete of University of Asia Pacific. He is a good manager also. He Control and manage everything. That’s why, He is the managing director of this company.
Shamima Akter: Director. Shamima has been a beautician for two years. As a graduate of University of Asia Pacific, she has quickly developed the trade skills that have led to her success. Since graduation, she has worked at Hair Masters in Brandon as a beautician and has established a variety of clientele. She loves dealing with people, and has the drive, ambition and discipline to manage the business and its employees.
Management Organogram:
Manager - 1X
Deputy Manager- 1X
Beauty Expert- 1X
Beautician- 8X
Receptionist- 1X
Maid- 1X
Pion- 1X
Ownership-
Name on the firm: “MY PORLOR“Address on the firm: 12/A Dhanmondi 27, Dhaka- 1209
Mobile: +880715 09 77 62
Name and address on the partners:Name and designation of partners Address
Kazi Reaz Rahman, Chairman
246, Halimabad House, Dhanondi 10/a, Dhaka- 1209Mobile: +880167 47 47 016
Musa Sarkar, Vice- Chairman
3/F 4th floor E1, Kalabagan, Bashiruddin road, Kalabagan, DhakaMobile: 01761 860963
Touhidul Islam, Managing Director
44/24 5th floor, kalabagan Dhanmondi Dhaka.Mobile: 01710529119
Shamima Akter, Director
34/3 1st floor, faramgate, Dhaka.Mobile: 01670625343
Type of BusinessType: Partnership
Ownership-
Agreement Investment by partner individual Kazi Reaz Rahman, Chairman 10 LacMusa Sarkar, Vice- Chairman 10 LacTouhidul Islam, Managing Director 10 LacShamima Akter, Director 10 Lac
Profit and loss sharingKazi Reaz Rahman, Chairman 25% Musa Sarkar, Vice- Chairman 25%Touhidul Islam, Managing Director 25%Shamima Akter, Director 25%
Job Description of Partnership Individual Kazi Reaz Rahman, Chairman
Major Role: Monitoring, planning and development how to increase company profit and Branding.
Musa Sarkar, Vice- Chairman
Major Role: Total marketing planning and implementation and Assist Chairman.
Touhidul Islam, Managing Director
Major Role: Managing and operation to run the Parlor and Enforce Organization’s Staff
Shamima Akter, Director Major Role: Satisfaction Organization stuff and communication with Customer. And assist Managing Director.
Government Rules and Regulation-
Registration The organization must be registered by the government of Bangladesh. It should be from registered of join stock. All information of the organization has to provide there.
License In which subject the organization is working; have to take license from the government authorities on this specific subject. Parlor is a health related service. It will have to take license from the Ministry of Health of the Government of Bangladesh
Sales Tax The organization will have to pay sales tax to the government on each service. Sales tax will have to cut from each service.
Income Tax An income tax need to provide to the government on company’s officers and employees. This is compulsory. This is revenue of the government.
Labor Legislation The organization should certify from “Labor Law” of Bangladesh Labor Welfare Association for the rights of officers and employees.
Money Needed Source
Money Amount Where the Amount
Needed for 1st year
money willcome from
Fixed Cost 3910000tk Personal Cash 40,00,000
Variable Cost 1st year 11,54,300tk Line of Credit
10,64,300tk
Total 50,64,300 tk Total 50,64,300tk
Financing Summary
Sales Forecasting 1st Year:
Sales Forecasting
Avg Per unite price
300 Tk
Subject Yearly sales Per Unite (1st year) TOTAL Unite Spring Summer Rainy Season Autumn Winter
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Makeup 20 40 30 40 40 50 60 60 90 95 100 105 730Hair Cut 50 40 30 30 50 55 40 40 65 80 130 120 730
Hair Color 20 30 40 40 30 45 40 55 30 70 130 150 680Highlighting 30 40 40 40 30 50 40 55 40 80 90 110 645
Straightening 50 30 50 50 50 30 70 50 90 90 120 90 770Hair Waxing 20 30 30 30 50 30 30 50 65 80 90 120 625
Barber Service 20 25 30 40 30 30 40 50 60 80 150 200 755
Total Unite Sales 210 235 250 270 280 290 320 360 440 575 810 895 4935
Cost Per Month 63000 70500 75000 81000
84000
87000
96000 108000
132000
172500
243000
268500
1480500
Sales Forecasting 5 Year:
Sales Forecast
Unite sales Average Unite Selling price in Tk.
Total Sales in Tk.(forecasting)
Actual
Year 1 4935 300 1480500 1332450
Year 2 5181.75 300 1554525 1476798.75
Year 3 5699.925 300 1709977.5 1675777.95
Year 4 6554.91375 300 1966474.125 1966474.125
Year 5 7865.8965 300 2359768.95 2477757.398
Sales Forecasting 5 Year:
Cash Flow Statement 1st Year:
Cash Flow StatementSubject Details Yearly Cost (1st Year) 1st year
TOTALJan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecCash In
Service Sales 56700 63450 67500 72900 75600 78300 86400 97200 118800 155250 218700 241650 1332450
Cash Out Cost Of sales Salary 59000 59000 59000 59000 59000 59000 59000 59000 59000 59000 59000 59000 708000
Cost Of sales Matarial 12000 13000 14000 15000 16000 17000 18000 19000 20000 21000 22000 23000 210000
Administrative Utilities 5250 4250 6250 5750 4750 3750 4050 4750 4250 6250 5750 6750 61800Administrative Repair,Maintananc
e 1000 2000 3000 4000 5000 6000 7000 8000 9000 10000 11000 12000 78000
Administrative Marketing Cost 10000 - - 10000 - - 10000 - - 10000 - - 40000
Administrative Telephone 700 800 700 700 700 700 700 700 700 700 700 700 8500Administrative Purchase of Assets 3000 - 5000 - 2000 - 3000 - 2000 - 3000 - 18000
Administrative Decoration - 5000 - 5000 - 5000 - 5000 - 5000 - 5000 30000
Total Expenses
90950 84050 87950 99450 87450 91450 101750 96450 94950 111950 101450 106450 1154300
Earning Before Income Tax -34250 -20600
-20450
-26550
-11850
-13150 -15350 750 23850 43300 117250 135200 178150
(-) Interest 5344.5
EBT (EBIT-Interest) 172805.5
Tax (EBT*0.30) 51841.65
Net Profit (EBT-Income Tax) -34250 -20600
-20450
-26550
-11850
-13150 -15350 750 23850 43300 117250 135200 120963.85
Cash Flow Statement(5 Year)Subject Details 1st year
TOTAL2nd Year 3rd Year 4th Year 5th Year
Cash InService Sales 1332450 1476798.7
51675777.95 1966474.12
52477757.39
8
Cash Out Cost Of sales Salary 708000 856680 942348 1036582.8 1140241.08
Cost Of sales Matarial 210000 231000 254100 279510 307461Administrativ
eUtilities 61800 74778 82255.8 90481.38 99529.518
Administrative
Repair,Maintanance 78000 85800 94380 103818 114199.8
Administrative
Marketing Cost 40000 44000 48400 53240 58564
Administrative
Telephone 8500 9350 10285 11313.5 12444.85
Administrative
Purchase of Assets 18000 19800 21780 23958 26353.8
Administrative
Decoration 30000 33000 36300 39930 43923
Total
Expenses1154300 1269730 1396703 1536373.3 1690010.63
Earning Before Income Tax 178150 207068.75 279074.95 430100.825 787746.7675
(-) Interest 5344.5 6212.0625 8372.2485 12903.02475
23632.40303
EBT (EBIT-Interest) 172805.5 200856.68
8270702.702 417197.800
3764114.364
5
Tax (EBT*0.30) 51841.65 60257.0063
81210.8105 125159.3401
229234.3093
Net Profit (EBT-Income Tax) 120963.85 140599.681
189491.891 292038.4602
534880.0551
Cash Flow Statement(5 Year)
Cash Flow Statement(5 Year)
Break Even Point
FC VC = TC3910000 1154300 = 5064300
VC 1154300V.C.P.U = TC 5064300
= 0.227928835
FC 3910000Break.E.S = 1-
VCPU0.772071165
= 5064300
Different = TC- Break.E.S0
Break Even Point
"Beauty Salon" ParlorCash Flow Projections - Balance Sheet
Year-2016
Year-2017
Year-2018
Year-2019
Year-2020
Assets Property, Plant & Equipment
747,917 677,917
687,917
637,917
572,917
Current Assets Inventory
168,362 169,840
178,332
189,837
208,821
Receivables 320,690
328,722
345,158
379,674
417,641
Cash 116,229
309,049
391,295
525,892
777,810
1,353,197
1,485,527
1,602,701
1,733,319
1,977,188
Equity & Liabilities Shareholders' Contributions
1,500 1,500
1,500
1,500
1,500
Retained Earnings 217,140
486,918
752,521
1,167,529
1,718,703
Long Term Loans 1,006,698
859,731
704,079
410,529
89,443
Current Liabilities Payables
127,859 137,378
144,601
153,761
167,542
Provision for Taxation - - - - - 1,353,197
1,485,527
1,602,701
1,733,319
1,977,188
Days in period 366
365
365
365
365
Current Ratio 4.7 5.9 6.3 7.1 8.4 Quick Ratio 3.4 4.6 5.1 5.9 7.1 Inventory Days
25.0 25.0
25.0
25.0
25.0
Debtors Days 30.0
30.0
30.0
30.0
30.0
Creditors Days 15.0
15.0
15.0
15.0
15.0
Debt / Equity 4.6 1.8 0.9 0.4 0.1
Balance Sheet: