Serene Seven Salon LLC | Application Preview
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General Information
Business Registration Number: 88-3827345
Location: Mandan, ND, United States
Length of Operation: 6-10
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: YES
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Funding Usage
The existing barbershop is on sale for $300,000 and would need updates to be a working salon space. I would like to build 8 stations for stylist to work including the salon station, chairs, standing mats, and styling equipment. We would need to update the plumbing and electrical work. I would update the flooring and install new lighting. There would need to be a receptionist desk along with the computer and software. I would add signage to the front of the building and update the look look outside so that it matches the updates that Mandan, ND has been working towards.
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Business Plan
My business has increased income every year for the last 6 years. I would like to train stylist to work in the salon as commission stylist to increase income. I will provide education to the stylist to improve their skills in the industry so that they build a clientele that keeps the salon generating revenue. Mandan is beginning to grow and there is not a modern salon space on Main in Mandan. There are stylist that are looking for places to work because there is a shortage of modern salons that help with education and building clientele. I have been in the industry for 11 years and owned my own business for 6 of those years. Stylist are constantly looking for salon space that are not outdated and this would be a great opportunity to provide of local stylist. I have worked hard to build my platform in the area as an educator and well-established business owner, and already have stylist who want to work for me, I just need the space to grow. I know what the going rates are for salons, am educating in multiple salons to understand how what hairstylist are needing the in economy right now.
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Self Identified Competition
A top competitor would be Salon South (which is where I currently work). Because I have become established as a hairdresser in this salon, we have an overflow of hairstylist who are looking for a modern salon to work in. There are outdated salons in Mandan who do not advertise their services and are not looking to grow their clientele. I will provide modern education to stylist who want to provide luxury hair services in Mandan. I have co-created a networking group called Bismarck Boss Babes where I help others build their small businesses and this has made other stylist want to work for me.
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Contact Applicant
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