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Tanning Salon, Inc. is a start-up company seeking financing. Tanning Salon has
an experienced management team, excellent location, and sound business strategy.
This business plan will highlight tanning salon's strengths, weaknesses,
opportunities and threats.
Tanning Salon is a start-up located just outside Metropolitan. This is a market
area of over 160,000 individuals. The location is in a high traffic strip mall
with national chains. The business' main service is offering tanning booths for
individuals. Tanning Salon will offer eight stand-up booths and limited retail
sales of lotions, swimwear, and sunglasses.
Current management has a combined over 40 years experience in tanning and hair
salons. Edgar Pekin is the majority owner and a successful entrepreneur,
currently owns a car wash. Gadda Mooga and Jeff Minor have extensive careers
operating and managing hair salons. These owners have $50,000 to invest in the
business
Tanning Salon, Inc. is looking to finance $78,000 for the build out and start-up
of their salon. The funds will be used to finance start-up costs, remodeling of
the location, purchase equipment, and initial inventory. The funds will be
repaid through earnings. Estimated first year revenues are $267,000, with an
estimated after tax profit of $61,000.
Overall, Tanning Salon, Inc. is a sound business with limited risk to the bank.
The principals are investing $50,000 of the overall start-up costs of $128,000.
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