Financial Summary/Assumptions

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Sales Shear Essence Salon will start to conduct business in August of 2014, just before the school seasons starts and one of the busiest months for salons. Sales are based on the total market potential (TMP) for clients that live in Jackson County, Oregon. Based on the population of 208,545 and the amount of times men and women get their hair cut per year the TMP is 2,248,393. Shear Essence sales potential after adjusting the guidelines to include all people five and over (94.2%) and all incomes over the poverty level (83.4%) the total sales potential (SP) was 1,766,401. Annual sales forecast (SF) was divided amount the salons in the Jackson County area and Shear Essence’s sales forecast portion was .005067 percent of the annual sales forecast for a total of 8,950 potential customer for the first year or 25 customers per day.  Men’s haircuts are 58.84% of all potential customers due to them getting their hair cut every 3-5 weeks.  Women’s haircuts, color, perms and weaves are 41.16% of potential customers and are return every 5-7 weeks. Prices are based on the average cost of services in the valley and are comparable to some of the major chain salons. Rental income comes from the upstairs being rented out to a daycare company that has agreed to sign a three year lease for the rental amount of $1400 per month. Furthermore, they have agreed to give a discount to our clients for childcare while they have an appointment at the salon. Employees Shear Essence will start out with four full time stylist, Danielle Stringer is the owner and the head stylist. Mark Baxter, Julie Fitzgerald, and Amy Knowles are all full time employees putting in 40 hours a week. Alex Shultz and Nicole Withers are part time employees putting in 27... ... middle of paper ... ...ttp://www.tabc.state.tx.us/enforcement/blood_alcohol_percentage_chart.asp U.S., S., & Administration, B. (2014, March). Business Licenses & Permits Results. Retrieved March 15, 2014, from Starting a Business : http://www.sba.gov/bgsearch/permitme2_0.do?q=97530&pstate=0&bcat=89 U-S-History. (n.d.). United States History. Retrieved February 16, 2012, from History of Religion in America: http://www.u-s-history.com/pages/h3787.html Vagaro. (2014, March). Spa and Salon Software. Retrieved March 23, 2014, from https://www.vagaro.com/salon-software Yellowbook. (2014, April). Beauty Salon in the Medford OR area. Retrieved April 27, 2014, from http://www.yellowbook.com/yellow-pages/?what=beauty+salons&where=Medford%2c+OR YellowPages. (2014, April). Home > Jacksonville, OR > Beauty Salons. Retrieved April 27, 2014, from http://www.yellowpages.com/jacksonville-or/beauty-salons

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