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Tattoo Parlor Business Plan

3 March 2023 Businnes Plan


Tattoo Parlor Business Plan


Tablature Tattoo, a new tattoo parlor will be opened in suburban Greenwood NJ. It will offer a place for tattoo enthusiasts and collectors to get their tattoos done by two well-known, skilled artists. The business will provide small, introductory tattoos from existing designs, basic tattoos that can be executed in one hour, and full half-day sessions with the artists. Customers can have extended consultations with the artists and they can also do custom design work. The business will also sell clothing items and posters featuring designs from the two artists. To launch their business, Jake Hunt, a husband and wife and Julie Hunt, a tattoo artist and retail manager, need a $10,000 three-year loan.

Due to its low capital requirements and intention to use low costs marketing techniques and direct-selling to find customers, the $22,200 startup cost is only $22,200. The low startup costs and high margins for tattoo work (around 75%) will result in positive cash flow within six months. This loan can be repaid easily and provide impressive dividends to owners. Additionally, the business will pay generous salaries to freelance artists. Based on these three full-time employees, sales will surpass $300,000.

Objectives

Tablature Tattoo’s first three years of operations will see it achieve these objectives:

  • In year three, reach annual revenues of around $330,000
  • In three years, 5446 tattoos were created.
  • Net profits are a significant amount of total compensation for the owners. This includes salaries and dividends.

Mission

Tablature Tattoo will create safe, impressive tattoo art for customers in the Greenwood, NJ area both through tattoos and through other products featuring art by the shop’s tattoo artists. Jack and Julie Hunt are the owners. The business will provide a steady income while they share the profits with an additional employee artist who will assist in building the business.

Keys to Success

Here are some keys to success for tattoo shops.

  1. Encourage repeat customers (collectors), who return to the artist they love for more sessions.
  2. Making the health and care of customers and tattoos a top priority to ensure the safety of the customers, employees, and business
  3. Promoting freedom and expression through collaboration with talented artists


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