Question
Hair salon that services both men, women, and children of all ages.Industry: Similar to Sport Clips or Supercuts. Location: 1000 Square feet with seating area
Hair salon that services both men, women, and children of all ages.Industry: Similar to Sport Clips or Supercuts. Location: 1000 Square feet with seating area and 8 open booths. Hours of Operation: 10 hours per day from 10am - 8pm, 7 days a week. Estimated Fixed and Variable Costs: Fixed Costs: Yearly Building Lease: $60,000 Yearly Utilities Costs: $40,000. Yearly Marketing Expense Budgeted: $10,000. Owner Salary/Year: $50,000 Variable Average Costs: Products used per Customer: $0.50 Commission to Stylist: 50% Estimated Sales: Average Sale per Customer: $25.00. What is the breakeven analysis.
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