Preview

Premuim Hair Care Llc Business Plan

Powerful Essays
Open Document
Open Document
8525 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Premuim Hair Care Llc Business Plan
Care, Premium Hair Care, LLC I
|| Business Plan - 1/1/2011 ||

Contributors: Michael Stone Co-Founder Stephen DuBose Co-Founder For Further Information Call: 901-210-5337 or 619-253-2964 E-mail: PremierHairCareLLC@Gmail.com

This document is not an investment offer nor an attempt to sell a security.

1

Contents Table of Contents
I. Executive Summary Introduction Mission Vision Strategy & Assessment Management Team Five Year Proforma Business Opportunity Market Product & Services Customers Value Proposition Demographics + Target Markets Site Selection Competition Store Operations Store Front Store Space – Experience Store Staffing Compensation Regulations Supply Chain Cash Back-office Systems Security Key Performance Indicators - KPI's Branding Marketing Brand Positioning Marketing Financial Structure Organization & Deal Structure Assumptions Financial Model Proforma Return Exit Strategy Next Steps Appendix Store Investment Store Proforma Store Opening Schedule by Market Financial Proforma (Sources and Uses) Master Franchise Agreement Options Agreement PHC Operating Agreement PPM 3 4 5 5 6 7 8 9 10 11 12 12 13 14 14 15 16 17 20 21 22 23 23 24 26 27 27 29 30 31 31 32 32

II.

III.

IV.

V.

IV..

i ii iii iv v vi vii ix

This document is not an investment offer nor an attempt to sell a security.

2

Executive Summary

This document is not an investment offer nor an attempt to sell a security.

3

Executive Summary
|| The Introduction ||
Premier Hair Care LLC I (“The First LLC”) is a licensed franchisee doing business as “The Weave Shop”. This is a retail service business in hair care. The business provides affordable human hair sales and weaves services to moderate income African-American women – The target customers! The proprietary business processes of The Weave Shop were developed to deliver a convenient, consistent, professional, time-sensitive, weave experience. This plan outlines the customer need, the proprietary

You May Also Find These Documents Helpful

  • Good Essays

    Colin's Warehouse

    • 652 Words
    • 3 Pages

    Opportunities in a growing local economy and unmet market needs align with the store's vision, while threats from intense competition and economic uncertainties call for strategic…

    • 652 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Rwt1 Bussiness Research

    • 2642 Words
    • 11 Pages

    Ballew, J. (2011, June 24). The top 7 disadvantages to buying a franchise. Retrieved from Bright hub: www.brighthub.com/office/entrepenuers/articles/38973.aspx Caplan, S. (1999). High Profit Financial Management for your small business. Chicago: Dearborn Financial Publishing,Inc. CMC, J. D. (1999). Marketing for the home based business. Holbrook: Adams media Corp. Cohan, P. S. (1957). Hungary start up strategy. Sanfransisco: Berrett-Koehleger. Golden, S. L. (1997). Secrets of Sucesssful Grantsmanship a Guerrilla guide to raising money. Jossey-Bass. Lacy, H. R. (2001). Financing your Business. Deerfield Beach: Made E-Z Products Inc. Ostrowski, S. (2012, April). Smart Business Cleveland. How to grow your business using market research , p. 1. PH.D., D. K. (1994). Avoiding mistakes in your small business profiting from the experiences of others. Crisp Publications. Rice, C. S. (1990). Trategic Planning for the small business. Holbrook: Bob Adams,Inc. Scott, C. (2011). The benefits of market research. Retrieved from Ezine Articles: http://EzineArticles.com/?export=Colin_Scott…

    • 2642 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    Kudler Market Structure

    • 1203 Words
    • 5 Pages

    By use of the intranet website of the company there was tools and resources available to make an accurate picture of the company. Thus allow identification of the company’s strengths and weaknesses. The strengths of the company allows the company to sustain itself in the marketplace. However the company’s weaknesses imposes threats to the company to remain a leader in its current region. The company is an oligopoly market structure, because there are only a handful of similar stores that offer same products and services in its area. If the company imposes the recommendations, the company will be able to take a substantial lead in the market, and also began an adventure to become nationally known and become a profitable franchised…

    • 1203 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Kudler Eco 365

    • 970 Words
    • 4 Pages

    Currently, KFF has minimal competition and owns a substantial portion of its market share. From the 2010 and 2011 customer marketing surveys, strengths and weaknesses of KFF strongly identify with the consumers view. The 2010 market survey shows KFF’s strengths to be convenient store hours, appealing atmosphere/décor, attractive displays, merchandise satisfaction, and the overall satisfaction of the store. Each category listed as strengths from the 2010 survey shows that less than 20% of the customers shopping at KFF express dissatisfaction in these areas. This analysis leads to the weaknesses shown in 2010. The weaknesses would be any category that has a customer dissatisfaction rate above 20%. Listed from weakest to weak; good value, good selection, courteous, and knowledgeable staff categories show red flags. These four categories alone define Kathy Kudler’s mission for creating an upscale gourmet shopping experience. The areas KFF most wants to prevail are the areas given the most dissatisfaction by customers. Looking into the 2011 market survey, it shows that dissatisfaction is rising in other categories. KFF strengths in 2011 according to its consumers are, store hours and the atmosphere/décor. Of the nine categories, customers show satisfaction with only two of the nine survey categories. This is a significant decline from the five satisfied categories…

    • 970 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Proj 592 Cp1

    • 1371 Words
    • 6 Pages

    Our idea is to open an all-inclusive beauty salon which caters to all ethnic groups within six months. We also plan to sell various salon and personal care products. We have decided to purchase a franchise from John C. Williams Services. This Beauty service supplier is well known all over the United States and we as though it will bring us instant brand recognition. There is a local Cosmetology college within Athens and there is multiple in Columbus, OH. We believe the proximity will help us to further build our reputation and grow our market.…

    • 1371 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    The creator of the product is a famous hair stylist that’s works with other famous people.…

    • 263 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Paul Mitchell Essay

    • 767 Words
    • 4 Pages

    Hair care products are always in high demand regardless if it is your basic shampoo, conditioner, styling products, or color. The competition between product lines is obvious when you go to the store and look on the shelves, but most people aren’t aware of what is a professional line of hair care products. Paul Mitchell Systems is a long surviving product line in the beauty industry because; how it began, the unique marketing strategies, leading to the continuing success today.…

    • 767 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    6weeks of training is offered; to operate store estimate 7-10 employee to run unit; no absentee ownership franchise allowed; present 100% owner/operators; the continuous support through- online, newsletters, meeting, grand opening, etc.; additionally, marketing support- media, advertising, marketing team. Private Owned…

    • 252 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Studysetquestions

    • 821 Words
    • 4 Pages

    Starting a new hair salon offers a greater flexibility in location, atmosphere, and choice of consumer market. It allows a strategy to be fully tailored to the new owner’s desires and strengths. However, starting a new hair salon entails construction or renovation costs, a time lag until the store is ready to open (and then until planned sales levels and profits are earned), an…

    • 821 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Job Fair Research Paper

    • 366 Words
    • 2 Pages

    The structure, business model and culture I selected for my business. I think that the business structure for my company is market structures in the Salon/ Spa we are all doing different serves that our customer wants from a wash, a cut, colors, perms, manicures, pedicures, facials, massages and many more. My salon is specialist in doing different ethic hair. We have worked hard to please our customer so in the long run it well up the business will continue to be successful. Each customer has their own taste and style, of how they like for their hair, nails and body to look or feel like. My marketing team has created great…

    • 366 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Panera Bread Case

    • 552 Words
    • 3 Pages

    Our overall recommendation towards Panera’s best option for obtaining competitive advantage is to remodel all of its existing corporate location, including all of its franchised locations. Although there have been talks (amongst Panera Bread) for their corporate and franchise locations (Taylor) of remodeling (Appendix 1), within this report we’ve proposed a plan that will allow their existing stores, both corporate and franchise locations, to be more attractive and welcoming for reward members and their new customers. As a disclosure, all proposed plans will have final approval from appropriate parties from Panera Bread (including Panera’s stakeholders). Although the implementation of a remodel will take several years, the strategy does not include any new locations that Panera may decide to open in the future. The interim strategy proposed of Phase 1 will begin with remodeling a little over a 1,000 of their locations by…

    • 552 Words
    • 3 Pages
    Good Essays
  • Best Essays

    With 170 stores in the development pipeline in 2007 and several hundred more to reach its goal, Panera Bread Company faces a task many companies have failed at time and time again, resulting in massive debt, contraction and contributing to the flame-out of a once promising brand and stock investment. The decisions surrounding how to expand should be based on analysis and evaluation of the successful operations and financial performance thus far. Specifically, the plausible proposition of growing franchisee-owned stores in contrast to company-owned stores is a driver and key success factor for Panera Bread Company. We discuss these trends and recommend expansion at a sensible pace by encouraging franchisee stores in untapped markets, and continuing the success of product offerings and the focus on quality control through wise supply-chain management.…

    • 2325 Words
    • 10 Pages
    Best Essays
  • Good Essays

    Target Case Ananlysis

    • 1476 Words
    • 6 Pages

    It is November 2006, and CFO Doug Scovanner has to review five projects along with other members of the Capital Expenditure Committee, after five projects have already been accepted. Targets management has an overarching goal to create 100 new stores a year while maintaining their strong brand image and reputation. The investment decisions should be ranked…

    • 1476 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Hbr Dove Case

    • 1643 Words
    • 7 Pages

    4. "The Dove® Movement for Self-Esteem." Dove® Skin Care, Hair Care, Body Cleansers, Lotions & Beauty Tips. Web. 01 Nov. 2011. <http://www.dove.us/Social-Mission/Our-Vision/>.…

    • 1643 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Why Franchise? Why Subway

    • 1676 Words
    • 7 Pages

    Most franchises are launched based on an initial head office or pilot operation that has been trading for at least one year. This is essential in enabling the franchisor to solve the teething problems any new business faces. The franchisee will benefit from lessons learned by the franchisor during this period through ongoing advice and support.…

    • 1676 Words
    • 7 Pages
    Powerful Essays