business plan: pet salon and day care in santa barbara county

1. The business will achieve the average margin of industry 20% each year.

2. The revenue growth trend of industry is 4.13% for16-17, 4.39% for 17-18, 3.87% for 18-19(estimated)

3. The percentage of pet owner is increasing, and revenue is increasing each year.

4. The Start-up cost should around 20000 dollars.

Here is the lists:

Rent: 3000(one month)

Utilities: 500(include deposit)

Stationery 200

Operating supplies and equipment 12000

Insurance 650

License 106

5. The expect cost of goods sold will depend on the potential target customers which relate to the market.

6. The operating supplies and rent expense.

7.

8. The margin of industry was 10-50% in year 2016 but 20% was a best average value.

9.

10. Compared with out-of-house, in-house plan will have a lower start-up cost. Because we don’t need a store to run our business. Instead of the renting expense, we will need the advertising which we expected 15000 each year. Also, the operating supplies will decrease to 3200 but there are some of grooming service will cut off.

11. Yes, inventory will be a small amount in this business. The only inventory will be the operating supplies.

12. See answer of Q4 and Q10

13. The new injection of fund will help us to improve and upgrade our operating equipment and supplies. Also, it will help us to open a new store if needed.

14. SBA will be the first choice for our business.

1. Pricing Success

web: http://www.groomingbusiness.com/Grooming-Business/May-2016/Pricing-Success/

2. Pet Industry Market Size & Ownership Statistics

web: https://www.americanpetproducts.org/press_industrytrends.asp

3. Grooming Business setup advice

web: https://groomarts.com/student-advice/business-setup-advice

4. Break-even analysis

Ray H. Garrison & Eric W. Noreen, “Cost-Volume-Profit Relationships,” Managerial Accounting, McGraw-Hill Company, Inc., NY. 2008, P243

5. Business License Tax Application City of Santa Barbara

web: https://www.santabarbaraca.gov/civicax/filebank/blobdload.aspx?BlobID=160943

6. Tax Information 

Web: https://www.irs.gov/businesses/small-businesses-self-employed/sole-proprietorships