Tatto Parlor Business Plan
Executive Summary
Basement Ink tattoo and laser removal, will open a small tattoo parlor in suburbs of Chicago, Tinley Park IL, where both people looking for their first tattoo or people that wish to switch to a new artist will have a chance to meet a few established, talented artists. This parlor will be the only one of its kind in a 15 mile radius, because of all of the strict laws in the town. The business will provide small to large tattoos from existing designs and basic tattoos that can be executed in one hour, and full half-day sessions with the artists are also available. The artists can offer extended consultations and custom design work with the customers as needed.
The prices of the individual artist vary, but one thing is for sure the shop will have minimum of 60 dollars for a tattoo. One of the artists in the shop, Rick (co-founder), also does award winning portraits in black and gray form. Another service offered is laser removal, by state trained professionals with a nurse on hand during the removal. In the immediate future, the parlor will also open a piercing and dermal implant room, with a professional piercer (Coz). The business will also sell shop specific clothing items and posters featuring designs created by the artists at the business. The founders, Terry and Rick (a tattoo artist and silent partner), seek a $25,000, two-year loan to launch the business.
The business needs only $55,000 to launch, due to the low capital requirements of the business and the intention to use low-cost marketing techniques and direct selling to find initial customers. This low startup cost and the high margins on tattoo work (around 85%) will lead to positive cash flow within 6 months and the ability to repay this loan easily, as well as provide impressive dividends to the owners and a generous salary to the additional freelance artist contracted by the business. Expected sales should exceed $250,000 by the third year based on the full-time
Basement Ink tattoo and laser removal, will open a small tattoo parlor in suburbs of Chicago, Tinley Park IL, where both people looking for their first tattoo or people that wish to switch to a new artist will have a chance to meet a few established, talented artists. This parlor will be the only one of its kind in a 15 mile radius, because of all of the strict laws in the town. The business will provide small to large tattoos from existing designs and basic tattoos that can be executed in one hour, and full half-day sessions with the artists are also available. The artists can offer extended consultations and custom design work with the customers as needed.
The prices of the individual artist vary, but one thing is for sure the shop will have minimum of 60 dollars for a tattoo. One of the artists in the shop, Rick (co-founder), also does award winning portraits in black and gray form. Another service offered is laser removal, by state trained professionals with a nurse on hand during the removal. In the immediate future, the parlor will also open a piercing and dermal implant room, with a professional piercer (Coz). The business will also sell shop specific clothing items and posters featuring designs created by the artists at the business. The founders, Terry and Rick (a tattoo artist and silent partner), seek a $25,000, two-year loan to launch the business.
The business needs only $55,000 to launch, due to the low capital requirements of the business and the intention to use low-cost marketing techniques and direct selling to find initial customers. This low startup cost and the high margins on tattoo work (around 85%) will lead to positive cash flow within 6 months and the ability to repay this loan easily, as well as provide impressive dividends to the owners and a generous salary to the additional freelance artist contracted by the business. Expected sales should exceed $250,000 by the third year based on the full-time
References: http://pewresearch.org/databank/dailynumber/?NumberID=237 http://www.msnbc.msn.com/id/39641413/ns/business-us_business/t/tattoo-business-profits-are-hardly-skin-deep/#.ULVoMIZYS3o BASEMENT INK TATTOO Business Plan Terrence