Topic > Financial Summary/Assumptions - 624

SalesShear Essence Salon will begin operations in August 2014, just before the start of the school season and one of the busiest months for salons. Sales are based on total market potential (TMP) for customers living in Jackson County, Oregon. Based on a population of 208,545 and the number of times men and women cut their hair per year, the TMP is 2,248,393. Shear Essence's sales potential after adapting the guidelines to include all people age five and older (94.2%) and all incomes above the poverty level (83.4%), the total sales potential (SP) was 1,766,401. The annual sales forecast (SF) was divided among salons in the Jackson County area and Shear Essence's portion of the sales forecast was 0.005067% of the annual sales forecast for a total of 8,950 prospects for the first year or 25 customers per day. Men's haircuts are 58.84% of all potential customers because they cut their hair every 3-5 weeks. Haircuts, color, perms and weaves account for 41 ,16% of potential customers and are returned 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. The rental income comes from the upstairs rented to a daycare company who agreed to sign a three-year lease for the rental amount of $1400 per month. Additionally, they have agreed to give our customers a discount for childcare while they have a salon appointment. Employees Shear Essence will begin with four full-time stylists, Danielle Stringer is the owner and lead stylist. Mark Baxter, Julie Fitzgerald and Amy Knowles are all full-time employees who work 40 hours a week. Alex Shultz and Nicole Withers are part-time employees who put in 27...... half of the document ......ttp://www.tabc.state.tx.us/enforcement/blood_alcohol_percentage_chart.aspU.S ., S., & Administration, B. (March 2014). Results of business licenses and permits. Retrieved March 15, 2014, from Starting a Business: http://www.sba.gov/bgsearch/permitme2_0.do?q=97530&pstate=0&bcat=89U-S-History. (n.d.). History of the United States. Retrieved February 16, 2012, from History of Religion in America: http://www.us-history.com/pages/h3787.htmlVagaro. (2014, March). Software for spas and salons. Retrieved March 23, 2014, from https://www.vagaro.com/salon-softwareYellowbook. (2014, April). Beauty Salon in the Medford OR area. Retrieved April 27, 2014, from http://www.giallobook.com/giallo-pages/?what=beauty+salons&where=Medford%2c+ORYellowPages. (2014, April). Home > Jacksonville, OR > Beauty Salons. Retrieved April 27, 2014, from http://www.whitepages.com/jacksonville-or/beauty-salons