Hair salon business plan template

Download this hair salon business plan template in PDF or Word format, or tailor it to your project directly in our business plan software.

Discover our hair salon business plan template

Our hair salon business plan template gives you the structure to write a professional plan

Not accustomed to writing business plans? Our hair salon business template will turn a typically challenging process into a total breeze.

Modelled on a complete business plan of a hair salon in Normandy, our template features both the financial forecast and the written part that presents the project, its team, the local market and the business strategy implemented by the management.

Cast your eyes on this template to achieve a better understanding of what your bank and investors would like to see, so that you can create a business plan that meets their expectations.

hair salon businesss plan template
Start my free trial

7 day free trial. No credit card required. Hair salon business plan template available with paid plans only.

How to use this hair salon business plan template

Edit the hair salon business plan template online, or download it

There are 3 ways to use this template:

  • Edit it online: you can adapt this template to your business idea by changing the text or the financial forecast directly in our business planning software
  • Download in PDF: if you're just after a little inspiration, you can download the hair salon business plan template in PDF to read over it
  • Download in Word format: want to edit your plan on Word? Simply export the hair salon business plan template to Ms Word (.docx) format
online editor for hair salon business plan template

Hair salon business plan template content

This template includes a complete hair salon business plan example, with a financial forecast and the following sections:

  1. Executive summary: the executive summary gives the reader a clear and concise overview of your business idea
  2. Company: this section lays out the structure of your business, including its location, management team and legal form
  3. Products and services: here, you'll give an overview of the services (haircuts, traditional shaves, packages) or products (scalp care) offered by the company
  4. Market analysis: the market analysis is where you’ll demonstrate that there is a strong demand for your products and services through a thorough assessment of the industry (customer profile, hot trends, regulation, competition, etc.)
  5. Strategy: this section highlights the company's game plan when it comes to pricing, marketing and mitigating risks along the way
  6. Operations: this step lays out the company's operational organisation, including the recruitment plan
  7. Financial plan: the financial plan includes a table of sources & uses (initial funding plan), and complete financial statements (P&L, balance sheet and cash flow statements).
  8. Appendices: this part provides the opportunity to include multiple financial appendices generated by our software (debt maturity profile, monthly financial statements, financial analysis, etc.).
cover page and table of contents for the hair salon business plan template by The Business Plan Shop
Start my free trial

7 day free trial. No credit card required. Hair salon business plan template available with paid plans only.

Executive summary of the hair salon's business plan

The executive summary gives the reader a clear and concise overview of your business idea.

Our hair salon business plan example's executive summary is formed of the following subsections:

  1. Business overview: in this subsection, we outline who the hair salon founders are, what legal form they've chosen for the business and the rationale behind the choice of their location
  2. Market overview: in this subsection, we summarize the conclusions of the market analysis performed by the hair salon's owners and explain who they aim to target
  3. Financial highlights: in this subsection, we give an overview of the forecasted financial performance of the hair salon over the first 3 years of operation
  4. Our ask: in this subsection, we outline the amount of financing required to start the hair salon and how it's going to be funded (the founders are seeking both a bank and VAT bridging loan to start their hair salon)
executive summary for hairdresser business plan sample

Company overview included in our hair salon business plan sample

This section lays out the structure of your business, including its location, management team and legal form.

Our hair salon business plan template's company section is formed of the following subsections:

  1. Structure & Ownership: in this subsection, we outline who the hair salon's shareholders are and what legal form they've chosen for the business
  2. Location: in this subsection, we present the area surrounding the location chosen for the business and the layout and main features of the premises
  3. Management Team: in this subsection, we give an overview of the background of each of the hair salon's founders, explain how they met and why they decided to start a company together
company overview included in hair salon business plan template
Start my free trial

7 day free trial. No credit card required. Hair salon business plan template available with paid plans only.

Products and services offered by the hair salon

The products and services section is where you will present the different types of haircuts, shaves, packages and scalp-care items offered by your hair salon.

In our hair salon business plan template products and services section, we cover:

  • Haircuts: a range of standardised treatments including haircuts, wash, trim and dry
  • Traditional shaves: wet shaves that are both relaxing and true to the traditions of our barber
  • Products: a choice of high quality hair and scalp products is available
  • Packages: a full-care routine (e.g. full wash, cut and shave)
product and services description of the hair salon business plan example

Market analysis for the opening of the hair salon

The market analysis is where you’ll demonstrate that there is a strong demand for your products and services through a thorough assessment of the industry (customer profile, hot trends, regulation, competition, etc.)

Our hair salon business plan example's market analysis section is formed of the following subsections:

  1. Demographics and Segmentation: in this subsection, we explore the market in depth. We look at the supply and demand sides both at the national and local level, analyse the hot trends perceived by the founders, and the key statistics that will help the founders build their positioning
  2. Target market: in this subsection, our founders explain which services (haircuts, shaves, styles, trims etc.) their ideal target audience loves and why they chose to target them
  3. Competition: in this subsection, we take a look at the direct (men's hair salons nearby) and indirect (unisex hair salons) local competition to ensure we have a differentiated positioning and that the market is large enough to accommodate the arrival of new hair salon
  4. Regulation: in this subsection, we give an overview of the main regulation applicable to our hair salon
market analysis section of the hairdresser business plan template
Start my free trial

7 day free trial. No credit card required. Hair salon business plan template available with paid plans only.

Setting the strategy for our hair salon

This section highlights the company's game plan when it comes to pricing, marketing and mitigating risks along the way.

Our hair salon business plan template strategy section is formed of the following subsections:

  1. Pricing: in this subsection, we explain how we set the prices of our main categories of products and services (haircuts, wet shaves, scalp products, hair care products, styles) and the rationale behind our choice
  2. Marketing plan: in this subsection, we explain what action we'll put in place to build awareness and loyalty among our hair salon customers
  3. Milestones: in this subsection, we give an overview of the main goals we set for ourselves for the next 3 years
  4. Risks and Mittigants: in this subsection, we perform an assessment of the medium and long-term risks that could jeopardize the financial viability of our hair salon and outline how we intend to mitigate them
hairdresser business plan example: strategy section

Operations section of the hair salon business plan template

This part lays out the company's operational organisation, including the recruitment plan.

Our hair salon business plan example's operations section is formed of the following subsections:

  1. Personnel plan: in this subsection, we explain what our opening hours will be and explain the responsibilities of each of staff member in our hair salon
  2. Key assets and IP: in this subsection, we list the assets and intellectual property rights which are critical to our business operations and explain how we will secure and protect each of these
  3. Suppliers: in this subsection, we give an overview of the main suppliers we will use our what commercial terms have been negotiated with them
barber business plan template: operations section
Start my free trial

7 day free trial. No credit card required. Hair salon business plan template available with paid plans only.

Financial plan included in our hair salon business plan template

This section presents the expected financial performance of the hair salon over the next 3 years.

Our hair salon business plan example's financial plan is formed of the following subsections:

  1. Start-up funding: in this subsection, we list the cost of each item required to launch the hair salon
  2. Important assumptions: in this subsection, we explain the methodology and the main assumptions used to build the hair salon's financial forecast
  3. Sales forecast: in this subsection, we detail the expected revenues and growth rate for our hair salon in the coming years
  4. Cost structure: in this subsection, we list all the expenses required for our hair salon to operate smoothly
  5. Projected Profit & Loss statement: in this subsection, we analyse our forecasted P&L and comment on the expected profitability of our hair salon over the next 3 years
  6. Projected cash flow statement: in this subsection, we analyse the expected cash generation of the hair salon
  7. Projected balance sheet: in this section we give an analysis of the liquidity and solvability implied from our balance sheet
hair salon business plan forecasted P&L

Appendices of the hair salon business plan template

This part provides the opportunity to include multiple financial appendices generated by our software (debt maturity profile, monthly financial statements, financial analysis, etc.).

Our hair salon business plan template's appendices include:

  1. A maturity profile chart showing the principal repayments of their loans over the next 3 years
  2. A monthly cash flow forecast: showing how much cash is being generated or consumed each month over the first 3 years of operations
Hair salon business plan template: monthly cash flow forecast

Hair salon business plan template sample

Executive Summary

Business Overview

Jeapau Hairdressers will be a men's hairdressing salon, located in the centre of Caen. We will be offering haircuts, traditional shaves and products for hair and scalp treatment.

The salon will be run by two partners who collectively have 13 years of experience in salons, 2 of which were in managerial roles.

The two partners will be assisted by another hairdresser on a part-time basis.

Market Overview

The French Hairdressing Market

The French hairdressing market is estimated to be worth around 6 billion euros, a mature market, in which there is a concentration driven by salon chains.

The city of Caen had 108,365 local inhabitants in 2012, including 32,598 men between the ages of 20 and 64, which is our core target.

There are approximately forty hairdressing salons in Caen, the majority of which are located in the city centre.

Our salon will be located less than 200 metres from 5 other hairdressing salons, 4 of which cater to both sexes and 1 is targeted towards women.

We are confident that our male specialist positioning will enable us to differentiate ourselves from the local competition. Our prices are slightly lower than competitors, which should enable us to stand out to customers.

Financial Highlights

We expect the salon to be profitable from its second year of operation

Based on the current plan, we expect to achieve a turnover of €104,861 and an EBITDA of approximately €3,715 in year 1. 

We forecast a turnover of €114,234 and an EBITDA of €11,382 in year 3.

Our Ask

The objective of this business plan is to obtain bank financing of €25,000 to finance the purchase of furniture and professional equipment required to launch the business.

500,000+ entrepreneurs have already used The Business Plan Shop

Easy to get started with and well-guided throughout. Lots of business plan templates to help you and writing is easy because there are explanations at each step of the process.

Thomas A.

Quite frankly excellent because I was able to finalize my business plan in less time than expected. This software offers a very coherent and complete approach to writing your project.

Mariama S.

It is a very well designed software that allows you to visualise each step of your project, understand if the idea is viable or not and think about the steps needed to start your business.

Cindy C.

Read more reviews and customer stories

Try The Business Plan Shop before you buy

There’s only one way to make up your mind about a new service - by trying it out for free. So we’re offering a free trial run on our platform for 7 days.

Sign up for a free trial today

7 day free trial. No credit card required. Hair salon business plan template available with paid plans only.

Learn more about The Business Plan Shop

Start your free trial

7 day free trial. No credit card required. Hair salon business plan template available with paid plans only.

Hair Salon Business Plan Template FAQ

What is a hair salon business plan and do I need one?

A hair salon business plan is a written document that sets out the commercial, operational and financial objectives of the company over the next 3 to 5 years.

It consists of two main parts:

  • A written part that presents, in detail, your jewellery business, the team, your strategy, and your medium-term objectives.
  • A financial forecast that highlights the expected profitability of the hair salon and the initial funding requirements.

The lack of business planning is one of the main reasons why more than 50% of startups fail within 5 years. If you're starting a hair salon, writing a business plan is a must-have in order to reduce the risk of failure of your project.

Business plans are also required by most lenders and investors in order to secure financing, therefore a business plan is also highly recommended if you're seeking a loan or equity investment for your hair salon.

How do I write a business plan for a hair salon and is it difficult?

Writing a hair salon business plan without The Business Plan Shop can be both error-prone and time-consuming - whether you're new to entrepreneurship or experienced:

  • You'll need to research the structure of a business plan, what to include in each section, and what key elements investors and lenders expect to see
  • You may encounter writer's block (especially if it's the first time you're writing a business plan for your hair salon)
  • You'll need to create a financial forecast on a spreadsheet which requires a solid understanding of accounting and financial modelling in order to be done without error
  • You'll need to spend hours formatting financial data on Excel or Sheets before it's ready to integrate into your business plan
  • Any updates to your hair salon business plan or financial forecast will need to be done manually

Luckily for you, The Business Plan Shop's online platform and hair salon business plan template guide you through every stage of writing a business plan, so that you can spend more time managing and growing your business instead.

Our editor follows a best-in-class structure for professional business plans. Each section and subsection includes examples and instructions to help you, while our business plan templates provide further inspiration if you're stuck.

Our financial forecasting software helps you create a forecast and integrate it into your business plan with ease. Anytime you update your data, your business plan automatically updates.

And with our forecasting software all the calculations are done for you, without errors.

What is the budget for a hair salon and how much does it cost to get started?

The budget to start and run a hair salon will depend on the exact concept and location.

An independent men's hair salon doing mostly haircuts and shaves requires limited investment, whilst a large hair salon catering for both sexes would likely require substantial investment.

This is due to higher rent (in theory), more specalised equipment required and the likelihood of needing more staff.

As an example, in our hair salon business plan template the total initial funding requirement amounted to €45,000, with the founders contributing €20,000.

In order to assess the exact budget for your hair salon idea, you need to do a financial forecast using a financial projection tool such as the one we offer.

Is The Business Plan Shop the best hair salon business plan template for me?

The package we offer at The Business Plan Shop goes way beyond a simple blank template you need to fill. With our platform you get:

  • Access to one of the best business plan software on the market
  • Access to our hair salon business plan template which contains a complete example of a written business plan and financial forecast to start a hair salon
  • Access to our entire business plan templates library - giving you dozens of examples to take inspiration from
  • Access to our financial planning and analysis platform so that you can track the actual performance of your business against what you had planned in your business plan and re-plan easily

But you shouldn't take our word for it: try our solution for free and make your own opinion!

How does the free trial of The Business Plan Shop work?

The free trial enables you to try the software for free during 7 days in order to verify that it meets your requirements before buying.

Some features are limited during the free trial, the main limits are:

  • You can only create one business plan
  • The financials of the first year are visible, but data for other years are hidden
  • You can export your plan in PDF but not in Word or CSV
  • No access to our business plan templates

You can create your account and start your free trial here.

How much does The Business Plan Shop’s hair salon business plan template cost?

Access to our template is included with all our paid subscriptions.

Please visit our pricing page to learn about this in more detail.

Other business plan templates and resources to discover