The Sunshine Experience Salon and Spa will be a one-stop-shop for all things beauty: providing services such as lash extensions, manicures and pedicures, waxing services, hair services, facials, and massage services. The Sunshine Experience will be an intimate setting where everyone who enters can be recharged, inspired, and leave beautified. It’ll be a high-tech-modern salon that'll capture all ages and genders through our impeccable interior design along with our applauding services and customer service.
We will be located in the lively city of Brooklyn, NY. NYC has been ranked in the top 5 cities where beauty is a top priority. It is a hotbed for all things glamour, fashion, and beauty. The Sunshine Experience Salon & Spa fit in the Spas and Beauty Salons Market category - which generated 144.48 billion USD in 2019 and is expected to reach 217.25 billion USD by 2026. In NYC alone, the revenue accumulated by the beauty salon market is 57.89 billion USD, causing it to be the city that generated the most revenue in the beauty salon world, and will increase more every year.
This business will be very profitable as we are expected to make at least 500,000 the first year with the plans and the marketing strategy we have implemented. We are confident that we can make at least 500,000 in just our first year because East Coast Salon Services headquarters (A salon only specializing in hair) has an estimated 45 employees and estimated annual revenue of a whopping 4.2M.
Networking & maintaining relationships is one of the numerous things we believe will help bring this business more growth and exposure. We plan to create and maintain relationships through the Networking events we will physically or virtually attend and will actively do everything possible for these relationships to flourish.
The principals predict the first year of sales will reach approximately $500,000 and increase by 3% by the end of year two. According to market research, these sales should be attainable. This financial model emphasizes long-term opportunities in the local market over quick returns. Since we will be offering more services than just hair, we are confident that our revenue will only increase.
I am excited to execute plans created and welcome new plans to ensure that this salon and spa will be #1 in NYC.
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