Strategic Analysis with current research! The Tattoo Shop, Inc.
Okay, so we have considered all the requirements for starting a body piercing studio. Why Start a Body Piercing Studio?
If you are in love with body art and want to start a business in the niche, you can easily open a body piercing studio. The right time to start such business is now because the body piercing and tattoo industry is presently at its growing stage.
A body piercing studio can be a fun, profitable and interesting business for someone who is skilled in the trade. With the right location, top-notch service and good marketing skills, you can serve varieties of customers.
Opening a body piercing studio may not require huge capital, but it needs solid planning and attention to detail in order to keep your business profitable.
If you are diligent enough and if you have good business strategies, you can build the business from just one outlet to numerous outlets across the United States from the sale of franchise.
Opening a body piercing studio might not be entirely easy, but one thing that is certain is that it has the ability to generate steady profits if well positioned and properly managed. You would also need capital to pay your employees at least for the first 3 months, and also to pay your utility bills.
Below is a sample body piercing studio business plan template that can help you to successfully write your own with little or no difficulty.
A Sample Body Piercing Studio Business Plan Template Industry Overview Players in the Body Piercing industry are known to provide body piercing services, which involve puncturing the skin in order to display ornamental jewelry.
The major activities in this industry revolves around navel piercing, cartilage, rook, nostril, eyebrow, daith, lip, tragus, and earlobe piercings: In the United States, different states have their rules and regulations as it relates to running a body piercing studio.
For example, according to the health departments in the State of Oregon and Hawaii, body piercing and tattoo artists are required to take and pass a test ascertaining their knowledge of health and safety precautions, as well as the current state regulations. In Oregon, operating a body piercing and tattoo shop without a current license or in an unlicensed facility is considered a felony.
The location of the body piercing and tattoo studio will be graded based on the areas being inspected. If the studio passes an inspection, the health department will sign off on a passing scorecard and the studio will be required to show their score publicly.
If the studio fails an inspection, they will be given the opportunity to correct the mistakes if minor or be fined major health risks and can also be kicked out of business on the spot.
The Body Piercing and Tattoo industry is currently in the growth stage of its life cycle. There are about 35, registered and licensed body piercing and tattoo studios in the United States and they are responsible for employing about 54, people.
It is import to start that no body piercing and tattoo studio can boast of having a lion market share in the industry. According to report published by Pew Research Center, 36 percent of Americans aged have at least one body piercing and tattoo.
Little wonder the body piercing and tattoo industry is the sixth fastest-growing retail business in America, as determined by the U.
This has obviously translated to online interest as well, as there are more than million body piercing and tattoo related searches each month on Google. A close study of the body piercing business shows that the business exhibits low barriers to entry.
The industry is highly fragmented as there are smaller body piercing studios that cater to a market niche of consumers. The body piercing business will continue to blossom because people would always want to join the trend, so it is safe to say that the industry is growing steadily despite its competitive nature.
Some of the factors that encourage entrepreneurs to start their own body piercing business could be that the business is easy to set up and the capital is indeed affordable; you can actually start your own body piercing studios business from the comfort of your house.
All you need to do is to create a space somewhere in your house. Over and above, the body piercing and tattoo industry is very open to any aspiring entrepreneur who has acquired the required training, skills and perhaps professional certifications to start his or her own business.
We have been able to secure a standard studio facility in a central district in Downtown Atlanta — Georgia.
We are a body piercing studio that is set to compete in the highly competitive and fragmented industry because we intend opening our outlets in key cities across the United States.
Our business goal is to become one of the leading body piercing studios in the United States and we will make sure that we do all we can to compete favorably with leaders in the industry. Our workers are going to be selected from a pool of certified, creative and highly experienced body piercing artists in and around Atlanta — Georgia.
We will make sure that we take our workforce through the required training that will position them to meet the expectation of the company and to compete with leading body piercing studios in the United States. Our services are listed below; Providing body piercings.Free Tattoo Shop Business Plan For Raising Capital from Investors, Banks, or Grant Companies!
Please note that the financials in this complete free business plan are completely fictitious and may not match the text of the business plan below.
Business Monthly running cost for 6 months: £25, exc. Total Funding Needed: £, exc. III. General Company Description Tattoo Planner is leading the way into the future of body art.
Our clean, smart, and user friendly website provides free tattoo designs, tattoo fonts, and tattoo translations. viii Start & run a tattoo & body piercing studio 4. Equipment and Supplies 50 Medical equipment 51 Tattoo equipment 51 Piercing equipment 51 Sterilization equipment 51 Calculating your equipment budget 51 Pigments and inks 52 Bandages 53 Office equipment, furniture, and supplies 53 5.
Jewelry 54 6. Tablature Tattoo tattoo parlor business plan executive summary. Tablature Tattoo will open a small tattoo parlor where both tattoo newbies and collectors will be able to work with two established, talented artists.
tattoo shop business plan template for Set of cool elements for tattoo shop logo design studio emblem business plan template or. View. Top 10 small business ideas in malaysia outdoor advertising template corporate identity car billboard citylight branding View.
A Sample Tattoo Shop Business Plan Template Business Overview The Tattoo Artists Studio industry comprises of businesses that primarily provides tattoo services by injecting ink under the skin and permanently altering the coloration of the skin.