TATTOO PARLOR BUSINESS PLAN SAMPLE

Do you wish to start a tattoo parlor business? Do you know some jobs that allow tattoos?

If you do, one of the most important things is a plan on how the business will be structured.

This tattoo parlor business plan sample seeks to help with just that. We understand the importance and link between a well-written plan and the success of such a business.

As such, this sample provides a guide by giving you an idea of the primary contents of such a plan. You can further build on these by including content relevant to your business.

SEE: Tattoo Shop Supplies

Executive Summary

Body Logo Inc. is a tattoo parlor in Denver, Colorado, specializing in various professional tattoo services.

Services offered include custom freehand design, enlarging existing piercing sites, and camouflaging scars, or other imperfections, to name a few.

We serve a broad clientele base of young adults to middle-aged customers of all genders. Our professionals at Body Logo Inc. have tremendous industry experience with decades spent within this sector.

We are poised to replicate our successes by bringing together a team of experienced hands to offer exceptional tattoo services to clients within Denver and Colorado.

  • Our Services

At Body Logo Inc., we provide a variety of tattoo-related services.

These range from finished tattoos started elsewhere, fresh tattoos, camouflaging scars or other imperfections, and enlarging existing piercing sites.

Others include resetting lobe piercings, vibrant custom space scene tattoos, rework of existing design, portrait memorial tattoos, and custom freehand design.

These services will be expanded depending on the demand from our clients.

  • Our Vision

At Body Logo Inc., our roadmap for growth consists of expanding our operations. This will see more outlets being opened within selected locations in Denver and beyond in the medium term (within five years).

We also intend to become a major player with more outlets being opened across several states.

  • Our Mission

We offer our unique services to clients in need of quality body designs. We’ll play a vital role in helping them keep lasting memories of events or loved ones.

This will be provided with utmost professional consideration to our client’s needs.

  • Capital Requirement

Expanding our operations will require having the needed capital investments.

We’ve worked out funding requirements and have arrived at $800,000. Half of this amount will be sourced from savings that have been kept aside for this purpose.

The other 50% will be sourced from a bank loan.

We’ll apply for this loan from Bank ABC (put your bank’s name). This is because we’ve had a long history of doing business personally with them.

Our excellent credit rating gives us a strong chance of getting a loan.

Also, the current low-interest rate for borrowers is an added incentive for businesses. We hope to reach a repayment plan that will favor the growth of our tattoo parlor business.

SWOT Analysis

The few years (4 years) we’ve been in business haven’t been without their challenges.

Despite such challenges, we’ve been able to weather the storm and achieve modest growth. Improving our services and profit generation will require an assessment of our operations so far.

We have hired a reputable business consulting firm to analyze a SWOT. This covers assessing key areas such as strengths, weaknesses, opportunities, and threats.

The findings have been revealed, and necessary steps will be taken to make concrete adjustments.

  • Strength

At Body Logo Inc., we have an experienced workforce consisting of professionals.

These have been in the industry for a long and worked with powerful tattoo brands. Such a wealth of experience is being leveraged to promote our business operations.

This has resulted in rapid growth and client satisfaction.

  • Weakness

One area of our operations that requires improvement is marketing. Not much has been achieved in marketing and promoting our services. This analysis has exposed our shortcomings.

One of the ways to remedy the problem is by setting up a solid marketing department. This will consist of a team of professionals to structure an effective marketing campaign.

  • Opportunities

There’s a growing need for tattoo services. This is seen in the rising trend as more people see it as a fashion statement.

Also, teenagers and young adults are among the demographic with an increasing appeal for tattoo designs. This presents tremendous opportunities as we expand our operations by opening more outlets.

These outlets will seek to capture the market in areas having the most demand for our services.

Also, the experience of our workforce will enable us to provide world-class tattoo services comparable with the big brands. With the right strategies, we’ll be competing favorably with major tattoo brands shortly.

  • Threats

Threats are commonplace in business.

We’ve been able to identify and assess our exposure to threats. Threats to our business will come in the form of an economic downturn. A recession automatically impacts negatively on people’s disposable income.

Then, fewer clients can afford the luxury of tattoo services.

Competitive Advantage

To be profitable as a tattoo business, we must have the edge over our competitors.

Hence, our competitive advantage lies in the quality and caliber of our workforce. These are artists with significant industry experience.

Their attention to detail has created a name and reputation for our services.

Sales Projection

Sales are crucial to the survival of our tattoo business. As such, we’ve been able to set strategies in place to ensure an increased growth in our sales. The next three years will prove vital to our operations.

We’ve projected our sales to increase in the following order;

  • First Fiscal Year $400,000.00
  • Second Fiscal Year $750,000.00
  • Third Fiscal Year $1,500,000.00

Marketing Strategies

To be competitive enough, a lot needs to be done in marketing.

We are deploying a variety of strategies that range from online marketing in addition to paid ads on electronic and print media.

Also, billboards and fliers, among other marketing tools, will be used to reach out to our targeted audience.

This tattoo parlor business plan sample has been stripped of unnecessary complications. Using this, you can draft an effective plan for your business that ensures its smooth takeoff.

Leave a Reply

Your email address will not be published. Required fields are marked *