PREPARATION OF FEASIBILITY REPORT ON BEAUTY SALON


Content

Executive Summary

 

NAME OF BUSINESS

Semmy Beauty Salon

 

TYPE OF BUSINESS

Service Operator 

 

PRODUCTS OR SERVICES

Service to Pupils

 

CUSTOMERS

Customers targeted includes working class ladies, students, women of high dignity in all endeavour of life.

 

OWNER

Tosin

 

NUMBER OF STAFF                   REQUIRED START UP CAPITAL

11                                                     2,500,000

                                                                  

 

SOURCES OF CAPITAL             AMOUNT

Personal Savings                            500,000

Loan                                                500,000

Borrowing from Relatives              1,000,000  

Trade Credit                                   454,500

 

 

 

 

INTRODUCTION TO THE BUSINESS PLAN

 

Name of Owner:    ……………………………..

Residential Address and Telephone Number:

16, Oredapo Street, Off Capitol Road Agege Lagos.

08034270752

Postal Address:     P. O. Box 1336

Reference Number:   

Nature of Business and Market Area:- Service (Hairdressing) and Urban (Ikeja)

Type of Business:  Service

Project:                EDP

Location:              Ikeja

Type of Organisation:                  Sole Proprietorship

Name and Address(es) ODERINDE L. OLUWATOSIN

                                   16, Oredapo Street, Off Capitol Road Agege Lagos.

Business Loans Sought:

                                Item Loan                      500,000

                                      Working Capital Loan: 500,000

Date Prepared:       29th July, 2004

CHAPTER ONE

 

1.0       PERSONAL INFORMATION ON ENTREPRENEUR AND HISTORY OF THE PROJECT

Name:                            ODERINDE L. OLUWATOSIN

Date of Birth:                6th June 1979               Age:  25yrs

Marital Status:              Single

Sex:                               Female

Place of Birth:               Agege

State of Origin:             Ogun State

Local Govt. Area:          Abeokuta South

Religion:                        Christianity

Postal Address:              P. O. Box 1336 Ikeja.

Residential Address:     16, Oredapo Street, Off Capitol Road Agege Lagos.

1.1   EDUCATIONAL QUALIFICATION

WAEC/SSCE

Below

DEGREE/

DIPLOMA

INSTITUTE

DURATION

First School Certificate

 

Holy Trinity Primary School, Agege Lagos.

1985 – 1990

W. A. E. C

 

Stadium Grammar School, Ijaiye Housing Estate Agege.

1990 – 1996

 

Under Graduate Higher National Diploma

Yaba College of Technology

2003 - 2004

1.2       SPECIAL TRAINING

ORGANISATION

POSITION OCCUPIED

DURATION

ACHIEVEMENT

Cosmetology

Ultimate Beauty Salon

1996 to 1997

Certificate in Cosmetology

 

1.3       WORK EXPERIENCE

ORGANISATION

POSITION OCCUPIED

DURATION

Embassy Beauty Salon

Skilled Staff

1997 - 1999

 

1.4   REASONS FOR STARTING THE BUSINESS

1.           To be self employed and independent.

2.           To be able to think well and use my initiatives.

3.           Hair they said is part of the woman beauty, to make female look good irrespective of their age.

4.           Finally to contribute to the economic growth of the country

 

1.5   NAME OF BUSINESS

Semmy Beauty Salon

 

1.6       REFEREES

NAMES

DESIGNATION

ADDRESS

Mrs. Rosemary Okoro

Managing Director

Beauty Care World

Mr. Adeyemi Bayo

Account Department

National Electric Power Authority

Mrs. S. Biobaku

Managing Director

Bistec Cosmetics

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CHAPTER TWO

 

2.0       TECHNICAL FEASIBILITY

 

2.1   PRODUCTS OR SERVICES TO BE RENDERED

        Service to be offered is hair beautifying

 

2.2   PRODUCTION PROCESS DETAIL INCLUDING REASONS FOR THE PROCESS

Washing of hair

 

Drying of hair

 

Weaving of Hair

 

Getting the thread and needle ready

 

Fixing the weaving on to the hair

 

REASONS

i)        To remove dirty from the scalp

ii)       To give a perfect finish, and bring out the beauty of the customer.

 

2.3       RAW MATERIALS SPECIFICATION AND REQUIREMENT

Weave on, Attachment, Needle, Thread

DESCRIPTION

TOTAL QUALITY

UNIT COST

N

TOTAL COST (N)

SOURCE

 

Per Week

Per Month

Per Year

 

 

 

Weave on

50

224

2688

400

1075200

Beauty Care World

Attachment

35

140

1680

270

453600

Beauty Care World

Needle

5

30

240

10

2400

Beauty Care World

Thread

½

2

24

200

4800

Beauty Care World

 

2.4       END PRODUCT STANDARDS

Giving a perfect hair do that would go with the facial look of the customer.

 

2.5       QUALITY CONTROL TO BE USED

-         Getting the material directly from the sole – distributor of the product.

-         Controlling the staff to do the right thing at the right time and most especially to the specification of the customer.

 

 

 

2.6       INVENTORY CONTROL

Taking account of the remaining stock after closing everyday.

 

Order Complete Project