Barbers Business Plan
CB612: New Enterprise Startup
CB612: New Enterprise Startup
Business Plan of Top Class Cuts
Business Plan of Top Class Cuts
Contents Executive summary 2 Geography Location 2 Finance 3 Introduction 4 The business concept and the business model 5 Legal Form 5 Mission, aims and objectives 5 Marketing plan 6 Primary Market Research 6 Secondary Market Research 8 The 4p’s 9
Product 9
Price 9
Promotion 9 Finance plan 11 Key risk factors 12 Concluding summary and re-affirmation of commitment to the business 13
Executive summary
The business proposed is a barbershop, offering a haircutting service for males and young boys. The trading status of this business will be a sole trader.
The service provided will be a haircut, a free Wi-Fi connection is offered, also soft drinks and food aimed at my target market will be offered in the shop.
Geography Location
I will be operating in Enfield as there is demand there and my target market is present in that area and borough. However I face competition in Tottenham and Edmonton (circled below).
The target market is males of African or Caribbean Ethnicity aged 16+ and also young boys under the age of 16.
Finance
Year 1 Turnover:
Operating Margin:
Net Operating Profit:
Sources of finance: The sources of finance will be the owner’s capital, this will involve me and my partner each contributing money to the start-up costs of the new business. Bank loans is another source of finance and setting up an overdraft facility on the business back account, which will allow us to make transaction even if the account goes into a negative figure.
Introduction
The business Idea is an Afro-Caribbean barbershop located in Enfield, North London. The trading status of this business idea will be a sole trader.
The barbershop will be offering a haircutting service. The target market is males of Caribbean and African ethnicity aged 16+ and young males of the same ethnicity who are below
CB612: New Enterprise Startup
Business Plan of Top Class Cuts
Business Plan of Top Class Cuts
Contents Executive summary 2 Geography Location 2 Finance 3 Introduction 4 The business concept and the business model 5 Legal Form 5 Mission, aims and objectives 5 Marketing plan 6 Primary Market Research 6 Secondary Market Research 8 The 4p’s 9
Product 9
Price 9
Promotion 9 Finance plan 11 Key risk factors 12 Concluding summary and re-affirmation of commitment to the business 13
Executive summary
The business proposed is a barbershop, offering a haircutting service for males and young boys. The trading status of this business will be a sole trader.
The service provided will be a haircut, a free Wi-Fi connection is offered, also soft drinks and food aimed at my target market will be offered in the shop.
Geography Location
I will be operating in Enfield as there is demand there and my target market is present in that area and borough. However I face competition in Tottenham and Edmonton (circled below).
The target market is males of African or Caribbean Ethnicity aged 16+ and also young boys under the age of 16.
Finance
Year 1 Turnover:
Operating Margin:
Net Operating Profit:
Sources of finance: The sources of finance will be the owner’s capital, this will involve me and my partner each contributing money to the start-up costs of the new business. Bank loans is another source of finance and setting up an overdraft facility on the business back account, which will allow us to make transaction even if the account goes into a negative figure.
Introduction
The business Idea is an Afro-Caribbean barbershop located in Enfield, North London. The trading status of this business idea will be a sole trader.
The barbershop will be offering a haircutting service. The target market is males of Caribbean and African ethnicity aged 16+ and young males of the same ethnicity who are below