Beauty Salon Template for Financial Projections

Download our beauty salon template online. This hair salon budget template will give you all of the tools you need to produce accurate financial projections. Our hair and nail salon template will make loan applications a breeze. Buy your beauty salon template from ProjectionHub today!

How it works?

Our CPA developed template enables you to create professional projections based on your unique assumptions.

Create investor- and lender-ready projections in hours, not days.

Based on our experience working with hundreds of salon owners to create financial projections, our CPA developed this financial forecast template specifically for salons that plan to hire employees instead of offering a booth rental model.  

How it works?

Watch a demo of the template

Save time & money - get organized with our template!

Get a salon template now for $99

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The template price: $

99

USD

100% money-back guarantee if you are not satisfied.

Step 1: Purchase and download the template

After purchase, you will download an unlocked Excel file with a ready-to-usefinancial projection template for your business model

Get the template

Step 2: Enter your assumptions on the input tabs

Salon Sales Projections

  • The revenue model will help you predict your revenue by determining your initial customer base, customer base growth, and frequency of customer visits. You can enter your services, the price to the customer, and the associated labor and supplies cost. ​The model will then calculate an average spend per customer and predict your revenue and direct costs for sixty months. The model also helps you predict product sales. The predicted values will be automatically carried to the financial statements. 

Salon Operating Expenses

  • You will be able to enter in monthly and annual operating expenses like rent, utilities and insurance.  You will also be able to add variable costs such as credit card processing fees.  Finally, you will have the ability to enter in your startup costs during the first few months of operation. 

General Financial Assumptions

  • The general assumptions section allows you to enter balance sheet items such as booths/stations, furniture, and equipment. You can also enter in any loans, investments, and inventory assumptions. Once you enter in these basic assumptions the model will auto-calculate: loan amortization, interest expense, depreciation expense, inventory purchases, etc. 

Salon Employee Salaries

  • The salaries and distributions tab helps you calculate the costs for salaried employees, including items like employer taxes and benefits. Additionally you will be able to see how much you can afford to pay yourself through an owner’s draw.

Step 3: The model is automatically updated based on your assumptions

Salon Financial Snapshot

  • The At-A-Glace tab visualizes a financial summary in the form of graphs, charts, ratios, and financial summaries, all ready to be copied into a business plan. 

Salon financial reports

  • The financial model will produce a full set of projected financial statements including a balance sheet, income statement and cash flow forecast in both annual and monthly formats. 

Investor Friendly Format

  • This template was made not just to provide highly effective and reliable projections for you, but also with investors and lenders in mind. Your template asks for your inputs and assumptions in easy to understand language and then produces them into quality detailed financial pro formas. You and your stakeholders can play with variable outcomes by editing any of the inputs or assumptions.

Tables, charts, graphs and dashboards for our salon:

Tables, charts, graphs and dashboards include:

  • Salon P&L at a glance table
  • Use of start-up funds graph
  • Key ratios for salons table ​​
  • Cash flow from operations graph ​
  • 5 years of monthly and annual income statement, cash flow and balance sheet reports
  • Profit and loss at a glance table

  • Use of start-up funds graph

  • Key ratios table

  • ​Cash generated from operating activities graph

  • Investor dashboard

  • 5 years of monthly and annual income statement, cash flow and balance sheet reports

Step 4: If you need help, we're here

We can fill out or modify any of the templates we sell, and we’re always happy to answer questions.

When you call us, you can speak directly to the developers of the model, not a call center or customer service representative.

Contact us in the most convenient way for you. We're here to help you

If the model doesn’t work for you, we’re happy to provide a refund.

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The ProjectionHub Team

Grace Cisna, CPA

Before joining ProjectionHub, Grace served as an auditor for a public accounting firm in Indianapolis. There, she audited start-up tech companies, major regional hospitals, public manufacturers and everything in between.

As an auditor, she gained insinullght to the inner workings of all kinds of business models. Grace is a CPA, has a bachelor’s degrees in Accounting and French and a Master’s of Accountancy all from the University of Iowa, where she also taught introductory accounting classes to undergraduates.

Grace loves to use her accounting expertise to serve as an advisor to her clients, helping them understand what it takes to make a business succeed.

Adam Hoeksema — Co-founder ProjectionHub

Adam is the co-founder of ProjectionHub which is a SaaS web application that helps entrepreneurs create financial projections for their business.

Since 2012, over 40,000 entrepreneurs from around the world have used ProjectionHub to help create financial projections.

Adam also serves as the Executive Director of Bankable. Bankable is a Small Business Administration (SBA) lender that makes loans from $500 to $250,000 to Indiana small businesses that are unable to secure financing from a traditional bank.

Adam has managed the loan program since loan #1 in 2010. Since 2010, Bankable has closed over 1,200 loans totaling over $38,000,000. Adam is an entrepreneur at heart and loves working with entrepreneurs to launch and grow their business.

What others have to say about our templates

We are available to help you complete your projections

Troubleshoot

We'll answer your questions about how the template works

Customize

We'll help you customize your template, add a cafe, bookstore, or brewery to your coffee shop

Frequently Asked Questions

What is the average profit margin for a salon?

According to a research done by thesalonbusiness, the average salon generates 8.2% profit margin.  Your profit margin is completely dependent on your particular business plan, overhead expenses and operational efficiency.  Our financial projection template can help you determine how profitable your particular salon might be based on your unique assumptions. 

How do salons manage finances?

We have 3 tips for managing your salon finances:

  1. Before you start you should develop a set of financial projections so that you can have a financial plan to start with and compare your actual results to your plan. 
  2. Use a qualified accountant!  Accountants should not be cutting, coloring and styling hair and salon owners should not be completing monthly bookkeeping!  There are a number of complexities with proper salon accounting (especially if you sell products) so we suggest you hire a qualified accountant. 
  3. Compare your results to industry averages. There is a bunch of great data out there about industry standards when it comes to your expense ratios and profitability.  Once  you have reliable bookkeeping, you can compare your salon to industry averages and determine where you have opportunity to improve. 

Is Salon a profitable business?

According to thesalonbusiness, you can expect to earn up to $19,100 annually. However, your beginning stages may be lower than this standard. 

How much does it cost to run a salon monthly?

According to thesalonbusiness, usually it takes about $240 for monthly insurance. Software tools can cost around $300 monthly. Mortgage or rent expense could be around $3,000, wages $4,000, utilities $500.   Of course this can vary so much based on your specific plan which is why we recommend that you create a unique set of financial projections for your salon.  

How much does it cost to start a salon business?

According to thesalonbusiness, it takes (on average) around $62,000 in an initial investment to start your own salon.

The cost of the template is estimated at $ 2000

If you hired a CPA to build this template from scratch it would take at least 20 hours of billable time to build a similar template. At an average hourly rate of $100 per hour it would cost you $2,000.

20 hours X $100 = $2,000 value

But we've already done all the work and you don't need to hire a CPA

Save time & money - get organized with our template!

Get a salon template now for $99

BUY

The template price: $

99

USD

100% money-back guarantee if you are not satisfied.

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