![]() We expect to maintain healthy ratios for profitability, risk, and return. Industry profile ratios based on the Standard Industrial Classification (SIC) code 7299.0105, Tanning salon, are shown for comparison. Some Salon Monthly Recurring Expenses Are: Monthly Recurring Salon Expenses in South Africa Staff Salaries and Salaries. We recommend using LivePlan as the easiest way to create automatic financials for your own business plan.Ĭreate your own business plan 6.6 Business Ratiosīusiness ratios for the years of this plan are shown below. The monthly estimates are included in the appendix. Less than 1 of the hairstylists who participated in our study use solar or green energy and have 0 cost with their electrical bill. Some stylists pay as low as 30 per month, and some stylists pay over 300 every month. The balance sheet table shows managed but sufficient growth of net worth, and a sufficiently healthy financial position. The average monthly electricity bill for hair salons is 150. The total annual salon revenue in the US is 63 billion which is spread out across the 257,000 salon and barbershops. Long-term Liabilities Principal Repayment The average hair salon revenue is 245,000. The annual cash flow figures are included here and the detailed monthly numbers are included in the appendix. The monthly cash flow is shown in the illustration, with one bar representing the cash flow per month, and the other the monthly cash balance. Chair fees Travel expenses Materials and equipment Clothing Training Marketing and advertising Insurance Utilities Professional expenses Stationery.
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