FEASIBILITY REPORT ON THE ESTABLISHMENT OF BARBING SALON

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Product Category: Feasibility Study

Product Code: 00005703

No of Pages: 20

No of Chapters: 8

File Format: Microsoft Word

Price :

₦5000

 

TABLE OF CONTENTS

 

INTRODUCTION

BACKGROUND OF THE PROPRIETOR

Background of the Business

Proposed Capital

Sources of Information

 

SECTION ONE

DESCRIPTION OF THE BUSINESS

Acceptability of the Services

Proposed Customer for the Business

Factor Affecting the Business Positively

Factors Affecting the Business Negatively

Techniques for Market Penetration 

Features that will enable the Services Compete Effectively

with Competitors

Opportunities for Future Expansion

 

SECTION TWO

MARKET CONSIDERATION

Factors that will Influence the Growth of the Business

Sources and Method of Data Collection

Competitors in the Business

 

SECTION THREE

MANAGEMENT TEAM

 

Staff Analysis

Composition of Workers and Salary Paid

Organisational Chart

 

SECTION FOUR

TECHNICAL CONSIDERATION

Reasons for the Location

Space Required

Cost of Material

Machinery and Equipment 

Volume of Utilities

 

SECTION FIVE

MARKET PLAN

MARKET STRATEGIES

Projected Price List

 

SECTION SIX

RISK AND PROBLEM

 

SECTION SEVEN

FINANCIAL & ECONOMIC PLAN

Financing Requirement

Analysis of Expected Annual Inflow

Projected Income Statement Revenue

Direct Expenses

Operating expenses

2 Year Projected Income Statement

Projected Balance Sheet

Current Liabilities

SECTION EIGHT

EVALUATION AND CONCLUSION

CONCLUSION

 

 

 

 

 

INTRODUCTION

 

BACKGROUND OF THE PROPRIETOR

Name of the proprietor:          

Residential Address:             

Place of Birth:                        

State of Origin:                      

 

Background of the Business

Barbing have been an exercise which I being done by almost everybody. People spend much money in the salon in other to look decent and handsome.

 

Proposed Capital

The capital required for execute the proposed business is the total sum of N1,000,000 and it will be registered under Corporate Affair Commission (C.A.C).

 

Sources of Information

 In gathering this data, the following people were interviewed:

i.             The barber trading association within the area

ii.           The supplier of the raw materials

iii.          The people living in that area

 

Though, what motivated me in doing this type of business is as a result of the following reasons:

i.             To make profit

ii.           To be self-employed

iii.          To have a business of my own

 


SECTION ONE

 

DESCRIPTION OF THE BUSINESS

 

Ibro’s Barbing Salon is created to provide the following services to the customer:

1.           Giving the customer quality hair cuts.

2.           Sterilizing of customers (private) clippers

3.           Render home services at affordable price

4.           Sharpening of clipper’s blaze

 

However, the major investor in this project is Mr. Alani, who is the chairman. Mr. Fatiroti Oni I. who is the manager and will require the services of an accountant and a well qualified barbers.

 

Acceptability of the Services

The target market will accept the services based on it potential quality, efficient service and measured price level.

 

Proposed Customer for the Business

The proposed customers are as follow:

1.           Separate Individuals

2.           Business Men and Women

3.           The Society at large

 

Factor Affecting the Business Positively

1.           Strong Capital Base: This is when the money needed for the business and other determinant lies on the capital base.

2.           Location of the Business: This is when the business is suited in an open place or near the market.

 

Factors Affecting the Business Negatively

a.           Poor Management: This is when the manager in charge is not competent and capable of managing the affairs of the business.

b.           Worker’s Attitude Towards Customers: This is when the barbers are not properly well trained in a ways on how to treat to customers.

 

Techniques for Market Penetration 

1.           Offering quality, efficient and effective services

2.           By charging at a low and affordable price

3.           Improved customers relation

 

Features that will enable the Services Compete Effectively with Competitors

For this business to compete effectively, it needs some strategy to be put in place.

1.           Good customer relation

2.           Good and conducive environment

3.           Good and efficient services to the customers

 

Opportunities for Future Expansion

There is assurance that this business will expand in the nearest future as a result of the following:

a.           Good managerial work

b.           Strong capital base

c.            Service of skillful and qualified barbers



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