Tablature Tattoo will provide the following services to customers:
Introductory tattoos are for those who are new to tattoos. They are basic, small designs by the artists or standard public-domain designs. Custom designs cannot be provided as an introductory tattoo. These tattoos can generally be finished in 45 minutes and with a minimum amount of consultation with the client. For many customers who get a small tattoo, it may be the only tattoo they ever receive. Some do convert to get more tattoos in the future. Those who are more adventurous and who intend to collect tattoos will often choose the other services. The price for an introductory tattoo will be $60 at launch.
Basic tattoos offer some consultation with the client, a wider number of colors, and about an hour of work with an artist. These are not generally custom-designed tattoos, but may include some customization of existing designs. The price for this service will be $100 at launch.
Full sessions allow creative freedom for the artist to create customization of a design or an original design for a customer and freedom for the customer to know that there is a ceiling on the price he or she will pay. The price for these sessions will be $300 at launch.
Tablature Tattoo will also sell branded products in the store with designs created by the shop’s tattoo artists. These include t-shirts, hoodies, bags, caps, posters, and potentially other items. The artists will choose their best and most popular designs four times a year and have runs of these items printed. Short runs will be printed, allowing the business to respond to customer preference based on what sells (both the types of items and the types of designs). The items will be sold for an average of $20, which will vary depending on the type of item. Each item will contain the Tablature Tattoo logo and can be signed by the tattoo artist if desired.
Tattoos are no longer sought out only by fringes of the market. A fall 2006 survey by the Pew Research Center found that 36% of Americans aged 18 to 25, and 40% of those ages 26 to 40, have at least one tattoo. In a working-class town like Greenwood, NJ, these numbers may be higher.
Some other statistics about the market:
The market is segmented into:
The market segments in the Greenwood, NJ area include residents of Greenwood and surrounding towns who may travel to Tablature Tattoo. Collectors who like the work of the artists featured at Tablature Tattoo are especially likely to do this, making this number 10,000 individuals.
Tattoo newbies: May seek out a tattoo for the experience of receiving it, to simply say they’ve done it, to commemorate a specific relationship or affiliation, or for the danger associated with it or with those who have tattoos. These individuals may become tattoo collectors, but most simply get one tattoo in their life, especially in their younger years (late teens or twenties). The popularity of tattoos among celebrities also further encourages this group to get tattoos.
Tattoo collectors: This group connects with the lifestyle associated with having tattoos. Many seek to cover large portions of their body with tattoos. This group will appreciate the work of specific artists and seek them out again. This group will seek custom designs, eschew standard, simple designs, and become used to the pain or discomfort involved.
Market Analysis | |||||||
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |||
Potential Customers | Growth | CAGR | |||||
Tattoo Newbies | 4% | 30,000 | 31,200 | 32,448 | 33,746 | 35,096 | 4.00% |
Tatoo Collectors | 4% | 10,000 | 10,400 | 10,816 | 11,249 | 11,699 | 4.00% |
Total | 4.00% | 40,000 | 41,600 | 43,264 | 44,995 | 46,795 | 4.00% |
Tablature Tattoo will seek to serve both of these key market segments in order to remain viable. Serving tattoo collectors alone may not yield a large enough market. Furthermore, it is difficult to inspire new tattoo collectors in the area without first serving tattoo newbies with introductory tattoos. The business will seek out both markets by advertising both its introductory designs and the elaborate design work they are capable of. The shop will be appropriate for tattoo collectors, with entertaining music playing and products available for sale.
There are an estimated 20,000+ parlors operating in the United States, according to a U.S. News & World Report article, which said, on the average, an establishment is being added in the country every day. This translates into a tattoo parlor for at least every 10,000 adult Americans. The article ranked tattooing as the sixth fastest growing retail venture of the 1990s, right behind Internet, paging services, bagels, computer and cellular phone service.
Tattoo shops are generally independent ventures run by tattoo artists. Some feature just one artist and some feature a number of them (three or four is common). Generally, tattoo artists do not want to work for owners who are not artists themselves. The artists are generally freelance contractors working on 1099 and controlling their own hours and schedules, which is in keeping with the freedom they desire. However, tattoo studios are under increasing legal pressure from tax authorities to reclassify these artists as employees as most work primarily in one studio. $100 is a standard market rate for one hour with a tattoo artist and the artist generally makes 40-50% of that amount per hour. Customers are attracted through internet advertising and their websites, referrals and word-of-mouth.
In the Greenwood, NJ area, Tablature Tattoo will compete with:
In choosing between competitors, those seeking tattoos consider:
Tablature Tattoo seeks to follow a strategy of appealing to both new tattoo customers and tattoo collectors by creating an environment and products/services desirable to both groups. Through this strategy, the business intends to convert local customers who may only seek one tattoo initially to become repeat customers. The business will do this by:
Marketing strategy.
The marketing strategy of the business involves marketing to a wide range of potential customers in the Greenwood area. The following tactics will be used prior to launch:
The grand opening, a five-day event, will consist of a promotion giving introductory tattoos at 25% off ($45).
Ongoing marketing work will include:
Sales will be encouraged through word-of-mouth. Clients will be given a few business cards to hand out to friends when they talk about their new tattoo and client information will be retained. The artists will also remind customers about products featuring their designs which are being offered and can give these products for discounts or free to collectors who return for a number of tattoos.
Beyond in-store sales efforts, the artists will promote their work at parties, events, and while on the street, by wearing Tablature Tattoo shirts often and handing out business cards to people they meet.
Ensuring health and customer satisfaction will also be a sales strategy. Each customer will be called by the receptionist after a week to check in on how the tattoo is healing and to thank them again.
The cost of sales for the services offered is 8% for shop-minimum tattoos, 7% for basic tattoos, and 6% for full sessions, as ink and supplies becomes less of a cost as the longer sessions involve more preliminary design work and less “ink per hour.” Resale items are projected at 40% cost of sales on average. Cost of sales will also include a pamphlet on tattoo care given to each customer. This pamphlet will be purchased from an industry provider.
Resale items are not expected to sell until after tattoo business begins, as buyers will be those who have had tattoos from the artists and appreciate their designs. Full sessions will grow faster than other areas as the artists gain reputation in the community for more elaborate work.
The sales forecast represents an amount of work that is reasonable for two full-time artists, while allowing time for them to work on flash art, create designs for other resale items, and manage and market the business.
Sales Forecast | |||
Year 1 | Year 2 | Year 3 | |
Unit Sales | |||
Shop-Minimum Tattoos | 558 | 756 | 794 |
Basic Tattoos (~1 hour) | 492 | 655 | 688 |
Full Sessions (2-6 hours) | 387 | 539 | 577 |
Resale Items (Posters, T-shirts, etc.) | 184 | 340 | 357 |
Total Unit Sales | 1,621 | 2,290 | 2,416 |
Unit Prices | Year 1 | Year 2 | Year 3 |
Shop-Minimum Tattoos | $60.00 | $63.00 | $66.15 |
Basic Tattoos (~1 hour) | $100.00 | $105.00 | $110.25 |
Full Sessions (2-6 hours) | $300.00 | $315.00 | $330.75 |
Resale Items (Posters, T-shirts, etc.) | $20.00 | $21.00 | $22.05 |
Sales | |||
Shop-Minimum Tattoos | $33,480 | $47,628 | $52,510 |
Basic Tattoos (~1 hour) | $49,200 | $68,796 | $75,848 |
Full Sessions (2-6 hours) | $116,100 | $169,873 | $190,853 |
Resale Items (Posters, T-shirts, etc.) | $3,681 | $7,137 | $7,868 |
Total Sales | $202,461 | $293,434 | $327,078 |
Direct Unit Costs | Year 1 | Year 2 | Year 3 |
Shop-Minimum Tattoos | $4.80 | $5.04 | $5.29 |
Basic Tattoos (~1 hour) | $7.00 | $7.35 | $7.72 |
Full Sessions (2-6 hours) | $18.00 | $18.90 | $19.85 |
Resale Items (Posters, T-shirts, etc.) | $8.00 | $8.40 | $8.82 |
Direct Cost of Sales | |||
Shop-Minimum Tattoos | $2,678 | $3,810 | $4,201 |
Basic Tattoos (~1 hour) | $3,444 | $4,816 | $5,309 |
Full Sessions (2-6 hours) | $6,966 | $10,192 | $11,451 |
Resale Items (Posters, T-shirts, etc.) | $1,472 | $2,855 | $3,147 |
Subtotal Direct Cost of Sales | $14,561 | $21,673 | $24,109 |
The milestones table details the marketing activities described in the marketing strategy summary. These activities are undertaken with a high focus on using low-cost or free marketing methods to promote the launch of the business. Julie Hunt will manage all marketing activities and Jake Hunt will promote the business directly by contacting clients, networking, and posting/handing out flyers and business cards.
Milestones | |||||
Milestone | Start Date | End Date | Budget | Manager | Department |
Print Flyers | 2/1/2010 | 2/15/2010 | $500 | Julie | Marketing |
Create Ads | 2/1/2010 | 2/15/2010 | $0 | Julie | Marketing |
Create Website | 2/1/2010 | 2/28/2010 | $0 | Julie | Marketing |
Print Business Cards | 2/1/2010 | 2/15/2010 | $500 | Julie | Marketing |
List Website | 3/1/2010 | 3/15/2010 | $1,000 | Julie | Marketing |
Run Ads | 3/1/2010 | 3/15/2010 | $500 | Julie | Marketing |
Post Flyers | 3/1/2010 | 3/15/2010 | $0 | Jake | Sales |
Heavy Pre-Opening Promotion (Calls and Networking) | 3/15/2010 | 3/21/2010 | $0 | Jake | Sales |
Grand Opening | 3/22/2010 | 3/26/2010 | $0 | Jake & Julie | Marketing |
Regular Operations Begin | 3/29/2010 | 3/29/2010 | $0 | Julie | Operations |
Totals | $2,500 |
Jake Hunt will be CEO of Tablature Tattoo. He will be responsible for strategy, direct sales efforts, contracting and working with the employed second tattoo artist, and half of the tattoo services provided. He will be the final say on choosing designs for additional products.
Julie Hunt will be operations manager. She will be responsible for managing reception, purchasing supplies and managing inventory, answering phone and email inquiries, marketing efforts, bookkeeping and accounting, payroll, insurance, and other administrative requirements. She will order resale products from suppliers. She will work at the reception desk and in the office of the business as needed. Jake Hunt will fill in at reception when business is slow and Julie needs to work in the office, where the printer/copier is located.
Jake and Julie Hunt will both be compensated as employees for their work (Jake as tattoo artist and manager of products and Julie as administrator, financial officer, and head of marketing). Salaries shown for the principals include benefits.
The second tattoo artist brought into the company will start work at part-time hours and move quickly to full-time hours, but will have his or her pay tied directly to services rendered and received 40% commission on tattoos provided and designed products sold. Wages listed below for the second artist are based on an assumption of splitting the tattoo and design work equally between Jake and the second artist.
Jake Hunt will manage this artist and will seek an established artist with a body of work and clientele who values the ability to not have to deal with the overhead and business concerns which the Hunts will handle.
Personnel Plan | |||
Year 1 | Year 2 | Year 3 | |
Jake Hunt | $49,500 | $55,000 | $60,500 |
Julie Hunt | $46,200 | $49,500 | $52,800 |
Second Artist | $40,492 | $58,687 | $65,416 |
Total People | 3 | 3 | 3 |
Total Payroll | $136,192 | $163,187 | $178,716 |
The financial plan for Tablature Tattoo is to raise $27,000 from a combination of personal savings, a long-term loan, and short-term borrowing to launch the business. The business will achieve cash flow and profit break-even in the seventh month of operation and net profit will be achieved in the first year, allowing for dividends to be paid to the owners beyond their salaries starting in year two.
The start-up funding will be primarily from investment by the co-owners and founders, Julie and Jake Hunt, who will each contribute $7,500. They will borrow $2,000 on credit cards and seek a three-year loan of $10,000 for the remaining cash, with their home equity as collateral. This will cover the required $27,000 in funding needed to launch.
Start-up Funding | |
Start-up Expenses to Fund | $8,700 |
Start-up Assets to Fund | $18,300 |
Total Funding Required | $27,000 |
Assets | |
Non-cash Assets from Start-up | $8,500 |
Cash Requirements from Start-up | $9,800 |
Additional Cash Raised | $0 |
Cash Balance on Starting Date | $9,800 |
Total Assets | $18,300 |
Liabilities and Capital | |
Liabilities | |
Current Borrowing | $2,000 |
Long-term Liabilities | $10,000 |
Accounts Payable (Outstanding Bills) | $0 |
Other Current Liabilities (interest-free) | $0 |
Total Liabilities | $12,000 |
Capital | |
Planned Investment | |
Jake Hunt | $7,500 |
Julie Hunt | $7,500 |
Additional Investment Requirement | $0 |
Total Planned Investment | $15,000 |
Loss at Start-up (Start-up Expenses) | ($8,700) |
Total Capital | $6,300 |
Total Capital and Liabilities | $18,300 |
Total Funding | $27,000 |
The table below presents assumptions used in the financial calculations of the business plan.
The monthly break-even is shown below. The units break-even represents an average between the different business services and products and is not as helpful as a target.
Break-even Analysis | |
Monthly Units Break-even | 131 |
Monthly Revenue Break-even | $16,386 |
Assumptions: | |
Average Per-Unit Revenue | $124.90 |
Average Per-Unit Variable Cost | $8.98 |
Estimated Monthly Fixed Cost | $15,207 |
Gross margins will improve slightly as sales of full sessions increase relative to other services.
The marketing budget includes $150 per month to cover website hosting and maintenance and periodic runs of flyers or new business cards. Depreciation is for the long-term assets of the business over three years. Rent is $1,500 per month and utilities $150 per month (electricity, phone and internet). Insurance is not expected to rise significantly as the business will stay within its insurance bracket during this period. Payroll taxes of 15% and employee benefits of 10% (health insurance) are applied to payroll for the Hunts and the second artist’s wages. Tattoo supplies of $100 per month are anticipated to replenish items purchased before the launch. Inflationary increases are applied to most items and to prices charged to customers.
Pro Forma Profit and Loss | |||
Year 1 | Year 2 | Year 3 | |
Sales | $202,461 | $293,434 | $327,078 |
Direct Cost of Sales | $14,561 | $21,673 | $24,109 |
Other | $0 | $0 | $0 |
Total Cost of Sales | $14,561 | $21,673 | $24,109 |
Gross Margin | $187,900 | $271,761 | $302,970 |
Gross Margin % | 92.81% | 92.61% | 92.63% |
Expenses | |||
Payroll | $136,192 | $163,187 | $178,716 |
Marketing/Promotion | $1,800 | $1,890 | $1,985 |
Depreciation | $1,866 | $2,466 | $3,466 |
Rent | $18,000 | $18,540 | $19,096 |
Utilities | $1,800 | $1,854 | $1,910 |
Insurance | $1,200 | $1,236 | $1,273 |
Payroll Taxes | $20,429 | $24,478 | $26,807 |
Tattoo Supplies | $1,200 | $1,200 | $1,200 |
Total Operating Expenses | $182,487 | $214,851 | $234,452 |
Profit Before Interest and Taxes | $5,413 | $56,910 | $68,517 |
EBITDA | $7,279 | $59,376 | $71,983 |
Interest Expense | $932 | $500 | $167 |
Taxes Incurred | $1,344 | $16,923 | $20,505 |
Net Profit | $3,137 | $39,487 | $47,846 |
Net Profit/Sales | 1.55% | 13.46% | 14.63% |
The business will reach cash flow break-even mid-year, and be able to pay dividends in year two while keeping a cash balance of around $20,000 for unexpected needs. The short-term debt will be paid off in the first year and the long-term loan will be paid off over the first three years of operation. Some additional long-term assets (replacements of equipment and additional tools) will be purchased over these years as well.
Pro Forma Cash Flow | |||
Year 1 | Year 2 | Year 3 | |
Cash Received | |||
Cash from Operations | |||
Cash Sales | $202,461 | $293,434 | $327,078 |
Subtotal Cash from Operations | $202,461 | $293,434 | $327,078 |
Additional Cash Received | |||
Sales Tax, VAT, HST/GST Received | $16,197 | $23,475 | $26,166 |
New Current Borrowing | $0 | $0 | $0 |
New Other Liabilities (interest-free) | $0 | $0 | $0 |
New Long-term Liabilities | $0 | $0 | $0 |
Sales of Other Current Assets | $0 | $0 | $0 |
Sales of Long-term Assets | $0 | $0 | $0 |
New Investment Received | $0 | $0 | $0 |
Subtotal Cash Received | $218,658 | $316,909 | $353,245 |
Expenditures | Year 1 | Year 2 | Year 3 |
Expenditures from Operations | |||
Cash Spending | $136,192 | $163,187 | $178,716 |
Bill Payments | $53,597 | $89,359 | $95,998 |
Subtotal Spent on Operations | $189,790 | $252,546 | $274,714 |
Additional Cash Spent | |||
Sales Tax, VAT, HST/GST Paid Out | $16,197 | $23,475 | $26,166 |
Principal Repayment of Current Borrowing | $2,000 | $0 | $0 |
Other Liabilities Principal Repayment | $0 | $0 | $0 |
Long-term Liabilities Principal Repayment | $3,336 | $3,333 | $3,331 |
Purchase Other Current Assets | $0 | $0 | $0 |
Purchase Long-term Assets | $600 | $1,200 | $1,200 |
Dividends | $0 | $30,000 | $40,000 |
Subtotal Cash Spent | $211,922 | $310,554 | $345,411 |
Net Cash Flow | $6,736 | $6,355 | $7,833 |
Cash Balance | $16,536 | $22,891 | $30,724 |
The business will create a healthier position as it pays off its long-term and short-term debt, even while accounts payable will increase due to a greater volume of sales.
Pro Forma Balance Sheet | |||
Year 1 | Year 2 | Year 3 | |
Assets | |||
Current Assets | |||
Cash | $16,536 | $22,891 | $30,724 |
Inventory | $1,624 | $2,746 | $2,283 |
Other Current Assets | $1,500 | $1,500 | $1,500 |
Total Current Assets | $19,659 | $27,136 | $34,506 |
Long-term Assets | |||
Long-term Assets | $5,600 | $6,800 | $8,000 |
Accumulated Depreciation | $1,866 | $4,332 | $7,798 |
Total Long-term Assets | $3,734 | $2,468 | $202 |
Total Assets | $23,393 | $29,604 | $34,708 |
Liabilities and Capital | Year 1 | Year 2 | Year 3 |
Current Liabilities | |||
Accounts Payable | $7,292 | $7,349 | $7,939 |
Current Borrowing | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 |
Subtotal Current Liabilities | $7,292 | $7,349 | $7,939 |
Long-term Liabilities | $6,664 | $3,331 | $0 |
Total Liabilities | $13,956 | $10,680 | $7,939 |
Paid-in Capital | $15,000 | $15,000 | $15,000 |
Retained Earnings | ($8,700) | ($35,563) | ($36,076) |
Earnings | $3,137 | $39,487 | $47,846 |
Total Capital | $9,437 | $18,924 | $26,770 |
Total Liabilities and Capital | $23,393 | $29,604 | $34,708 |
Net Worth | $9,437 | $18,924 | $26,770 |
The business ratios here are compared against “other personal care services,” NAICS 812199, which includes tattoo parlors.
Ratio Analysis | ||||
Year 1 | Year 2 | Year 3 | Industry Profile | |
Sales Growth | n.a. | 44.93% | 11.47% | -6.55% |
Percent of Total Assets | ||||
Inventory | 6.94% | 9.28% | 6.58% | 3.80% |
Other Current Assets | 6.41% | 5.07% | 4.32% | 45.54% |
Total Current Assets | 84.04% | 91.66% | 99.42% | 55.32% |
Long-term Assets | 15.96% | 8.34% | 0.58% | 44.68% |
Total Assets | 100.00% | 100.00% | 100.00% | 100.00% |
Current Liabilities | 31.17% | 24.82% | 22.87% | 20.71% |
Long-term Liabilities | 28.49% | 11.25% | 0.00% | 74.98% |
Total Liabilities | 59.66% | 36.08% | 22.87% | 95.69% |
Net Worth | 40.34% | 63.92% | 77.13% | 4.31% |
Percent of Sales | ||||
Sales | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin | 92.81% | 92.61% | 92.63% | 75.39% |
Selling, General & Administrative Expenses | 91.26% | 79.16% | 78.00% | 30.08% |
Advertising Expenses | 0.89% | 0.64% | 0.61% | 2.46% |
Profit Before Interest and Taxes | 2.67% | 19.39% | 20.95% | 6.21% |
Main Ratios | ||||
Current | 2.70 | 3.69 | 4.35 | 1.46 |
Quick | 2.47 | 3.32 | 4.06 | 1.28 |
Total Debt to Total Assets | 59.66% | 36.08% | 22.87% | 95.69% |
Pre-tax Return on Net Worth | 47.49% | 298.09% | 255.33% | 476.96% |
Pre-tax Return on Assets | 19.16% | 190.55% | 196.93% | 20.53% |
Additional Ratios | Year 1 | Year 2 | Year 3 | |
Net Profit Margin | 1.55% | 13.46% | 14.63% | n.a |
Return on Equity | 33.24% | 208.66% | 178.73% | n.a |
Activity Ratios | ||||
Inventory Turnover | 11.75 | 9.92 | 9.59 | n.a |
Accounts Payable Turnover | 8.35 | 12.17 | 12.17 | n.a |
Payment Days | 27 | 30 | 29 | n.a |
Total Asset Turnover | 8.65 | 9.91 | 9.42 | n.a |
Debt Ratios | ||||
Debt to Net Worth | 1.48 | 0.56 | 0.30 | n.a |
Current Liab. to Liab. | 0.52 | 0.69 | 1.00 | n.a |
Liquidity Ratios | ||||
Net Working Capital | $12,367 | $19,787 | $26,568 | n.a |
Interest Coverage | 5.81 | 113.88 | 411.39 | n.a |
Additional Ratios | ||||
Assets to Sales | 0.12 | 0.10 | 0.11 | n.a |
Current Debt/Total Assets | 31% | 25% | 23% | n.a |
Acid Test | 2.47 | 3.32 | 4.06 | n.a |
Sales/Net Worth | 21.45 | 15.51 | 12.22 | n.a |
Dividend Payout | 0.00 | 0.76 | 0.84 | n.a |
Sales Forecast | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Unit Sales | |||||||||||||
Shop-Minimum Tattoos | 35 | 37 | 39 | 41 | 43 | 45 | 47 | 49 | 51 | 54 | 57 | 60 | |
Basic Tattoos (~1 hour) | 30 | 32 | 34 | 36 | 38 | 40 | 42 | 44 | 46 | 48 | 50 | 52 | |
Full Sessions (2-6 hours) | 25 | 26 | 27 | 28 | 29 | 30 | 32 | 34 | 36 | 38 | 40 | 42 | |
Resale Items (Posters, T-shirts, etc.) | 2 | 3 | 5 | 10 | 12 | 16 | 19 | 21 | 21 | 23 | 25 | 27 | |
Total Unit Sales | 92 | 98 | 105 | 115 | 122 | 131 | 140 | 148 | 154 | 163 | 172 | 181 | |
Unit Prices | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Shop-Minimum Tattoos | $60.00 | $60.00 | $60.00 | $60.00 | $60.00 | $60.00 | $60.00 | $60.00 | $60.00 | $60.00 | $60.00 | $60.00 | |
Basic Tattoos (~1 hour) | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | |
Full Sessions (2-6 hours) | $300.00 | $300.00 | $300.00 | $300.00 | $300.00 | $300.00 | $300.00 | $300.00 | $300.00 | $300.00 | $300.00 | $300.00 | |
Resale Items (Posters, T-shirts, etc.) | $20.00 | $20.00 | $20.00 | $20.00 | $20.00 | $20.00 | $20.00 | $20.00 | $20.00 | $20.00 | $20.00 | $20.00 | |
Sales | |||||||||||||
Shop-Minimum Tattoos | $2,100 | $2,220 | $2,340 | $2,460 | $2,580 | $2,700 | $2,820 | $2,940 | $3,060 | $3,240 | $3,420 | $3,600 | |
Basic Tattoos (~1 hour) | $3,000 | $3,200 | $3,400 | $3,600 | $3,800 | $4,000 | $4,200 | $4,400 | $4,600 | $4,800 | $5,000 | $5,200 | |
Full Sessions (2-6 hours) | $7,500 | $7,800 | $8,100 | $8,400 | $8,700 | $9,000 | $9,600 | $10,200 | $10,800 | $11,400 | $12,000 | $12,600 | |
Resale Items (Posters, T-shirts, etc.) | $40 | $60 | $100 | $200 | $244 | $310 | $381 | $412 | $427 | $463 | $503 | $539 | |
Total Sales | $12,640 | $13,280 | $13,940 | $14,660 | $15,324 | $16,010 | $17,001 | $17,952 | $18,887 | $19,903 | $20,923 | $21,939 | |
Direct Unit Costs | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Shop-Minimum Tattoos | 8.00% | $4.80 | $4.80 | $4.80 | $4.80 | $4.80 | $4.80 | $4.80 | $4.80 | $4.80 | $4.80 | $4.80 | $4.80 |
Basic Tattoos (~1 hour) | 7.00% | $7.00 | $7.00 | $7.00 | $7.00 | $7.00 | $7.00 | $7.00 | $7.00 | $7.00 | $7.00 | $7.00 | $7.00 |
Full Sessions (2-6 hours) | 6.00% | $18.00 | $18.00 | $18.00 | $18.00 | $18.00 | $18.00 | $18.00 | $18.00 | $18.00 | $18.00 | $18.00 | $18.00 |
Resale Items (Posters, T-shirts, etc.) | 40.00% | $8.00 | $8.00 | $8.00 | $8.00 | $8.00 | $8.00 | $8.00 | $8.00 | $8.00 | $8.00 | $8.00 | $8.00 |
Direct Cost of Sales | |||||||||||||
Shop-Minimum Tattoos | $168 | $178 | $187 | $197 | $206 | $216 | $226 | $235 | $245 | $259 | $274 | $288 | |
Basic Tattoos (~1 hour) | $210 | $224 | $238 | $252 | $266 | $280 | $294 | $308 | $322 | $336 | $350 | $364 | |
Full Sessions (2-6 hours) | $450 | $468 | $486 | $504 | $522 | $540 | $576 | $612 | $648 | $684 | $720 | $756 | |
Resale Items (Posters, T-shirts, etc.) | $16 | $24 | $40 | $80 | $98 | $124 | $152 | $165 | $171 | $185 | $201 | $216 | |
Subtotal Direct Cost of Sales | $844 | $894 | $951 | $1,033 | $1,092 | $1,160 | $1,248 | $1,320 | $1,386 | $1,464 | $1,545 | $1,624 |
Personnel Plan | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Jake Hunt | $4,125 | $4,125 | $4,125 | $4,125 | $4,125 | $4,125 | $4,125 | $4,125 | $4,125 | $4,125 | $4,125 | $4,125 | |
Julie Hunt | $3,850 | $3,850 | $3,850 | $3,850 | $3,850 | $3,850 | $3,850 | $3,850 | $3,850 | $3,850 | $3,850 | $3,850 | |
Second Artist | 0% | $2,528 | $2,656 | $2,788 | $2,932 | $3,065 | $3,202 | $3,400 | $3,590 | $3,777 | $3,981 | $4,185 | $4,388 |
Total People | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | |
Total Payroll | $10,503 | $10,631 | $10,763 | $10,907 | $11,040 | $11,177 | $11,375 | $11,565 | $11,752 | $11,956 | $12,160 | $12,363 |
Pro Forma Profit and Loss | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Sales | $12,640 | $13,280 | $13,940 | $14,660 | $15,324 | $16,010 | $17,001 | $17,952 | $18,887 | $19,903 | $20,923 | $21,939 | |
Direct Cost of Sales | $844 | $894 | $951 | $1,033 | $1,092 | $1,160 | $1,248 | $1,320 | $1,386 | $1,464 | $1,545 | $1,624 | |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Cost of Sales | $844 | $894 | $951 | $1,033 | $1,092 | $1,160 | $1,248 | $1,320 | $1,386 | $1,464 | $1,545 | $1,624 | |
Gross Margin | $11,796 | $12,386 | $12,989 | $13,627 | $14,232 | $14,850 | $15,753 | $16,632 | $17,502 | $18,439 | $19,378 | $20,316 | |
Gross Margin % | 93.32% | 93.27% | 93.18% | 92.95% | 92.87% | 92.75% | 92.66% | 92.65% | 92.66% | 92.64% | 92.62% | 92.60% | |
Expenses | |||||||||||||
Payroll | $10,503 | $10,631 | $10,763 | $10,907 | $11,040 | $11,177 | $11,375 | $11,565 | $11,752 | $11,956 | $12,160 | $12,363 | |
Marketing/Promotion | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | |
Depreciation | $139 | $139 | $139 | $139 | $139 | $139 | $172 | $172 | $172 | $172 | $172 | $172 | |
Rent | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | |
Utilities | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | |
Insurance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1,200 | |
Payroll Taxes | 15% | $1,575 | $1,595 | $1,614 | $1,636 | $1,656 | $1,677 | $1,706 | $1,735 | $1,763 | $1,793 | $1,824 | $1,854 |
Tattoo Supplies | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | |
Total Operating Expenses | $14,117 | $14,265 | $14,416 | $14,582 | $14,735 | $14,893 | $15,153 | $15,372 | $15,587 | $15,821 | $16,056 | $17,489 | |
Profit Before Interest and Taxes | ($2,321) | ($1,878) | ($1,428) | ($955) | ($503) | ($43) | $600 | $1,260 | $1,914 | $2,618 | $3,323 | $2,826 | |
EBITDA | ($2,182) | ($1,739) | ($1,289) | ($816) | ($364) | $96 | $772 | $1,432 | $2,086 | $2,790 | $3,495 | $2,998 | |
Interest Expense | $104 | $99 | $94 | $89 | $84 | $79 | $75 | $70 | $65 | $60 | $58 | $56 | |
Taxes Incurred | ($727) | ($593) | ($456) | ($313) | ($176) | ($37) | $157 | $357 | $555 | $767 | $979 | $831 | |
Net Profit | ($1,697) | ($1,384) | ($1,065) | ($731) | ($411) | ($85) | $367 | $833 | $1,295 | $1,790 | $2,285 | $1,940 | |
Net Profit/Sales | -13.43% | -10.42% | -7.64% | -4.98% | -2.68% | -0.53% | 2.16% | 4.64% | 6.85% | 8.99% | 10.92% | 8.84% |
Pro Forma Cash Flow | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Cash Received | |||||||||||||
Cash from Operations | |||||||||||||
Cash Sales | $12,640 | $13,280 | $13,940 | $14,660 | $15,324 | $16,010 | $17,001 | $17,952 | $18,887 | $19,903 | $20,923 | $21,939 | |
Subtotal Cash from Operations | $12,640 | $13,280 | $13,940 | $14,660 | $15,324 | $16,010 | $17,001 | $17,952 | $18,887 | $19,903 | $20,923 | $21,939 | |
Additional Cash Received | |||||||||||||
Sales Tax, VAT, HST/GST Received | 8.00% | $1,011 | $1,062 | $1,115 | $1,173 | $1,226 | $1,281 | $1,360 | $1,436 | $1,511 | $1,592 | $1,674 | $1,755 |
New Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Investment Received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Cash Received | $13,651 | $14,342 | $15,055 | $15,833 | $16,550 | $17,291 | $18,361 | $19,388 | $20,398 | $21,495 | $22,597 | $23,695 | |
Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Expenditures from Operations | |||||||||||||
Cash Spending | $10,503 | $10,631 | $10,763 | $10,907 | $11,040 | $11,177 | $11,375 | $11,565 | $11,752 | $11,956 | $12,160 | $12,363 | |
Bill Payments | $95 | $2,877 | $3,649 | $4,170 | $4,433 | $4,623 | $4,858 | $5,184 | $5,463 | $5,745 | $6,075 | $6,425 | |
Subtotal Spent on Operations | $10,598 | $13,508 | $14,412 | $15,077 | $15,473 | $15,800 | $16,233 | $16,749 | $17,216 | $17,701 | $18,234 | $18,788 | |
Additional Cash Spent | |||||||||||||
Sales Tax, VAT, HST/GST Paid Out | $1,011 | $1,062 | $1,115 | $1,173 | $1,226 | $1,281 | $1,360 | $1,436 | $1,511 | $1,592 | $1,674 | $1,755 | |
Principal Repayment of Current Borrowing | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $0 | $0 | |
Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Long-term Liabilities Principal Repayment | $278 | $278 | $278 | $278 | $278 | $278 | $278 | $278 | $278 | $278 | $278 | $278 | |
Purchase Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Purchase Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $100 | $100 | $100 | $100 | $100 | $100 | |
Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Cash Spent | $12,087 | $15,049 | $16,005 | $16,727 | $17,176 | $17,559 | $18,172 | $18,763 | $19,305 | $19,871 | $20,286 | $20,921 | |
Net Cash Flow | $1,564 | ($706) | ($950) | ($895) | ($626) | ($268) | $190 | $625 | $1,094 | $1,624 | $2,311 | $2,773 | |
Cash Balance | $11,364 | $10,657 | $9,707 | $8,813 | $8,187 | $7,918 | $8,108 | $8,733 | $9,827 | $11,451 | $13,762 | $16,536 |
Pro Forma Balance Sheet | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Assets | Starting Balances | ||||||||||||
Current Assets | |||||||||||||
Cash | $9,800 | $11,364 | $10,657 | $9,707 | $8,813 | $8,187 | $7,918 | $8,108 | $8,733 | $9,827 | $11,451 | $13,762 | $16,536 |
Inventory | $2,000 | $1,156 | $894 | $951 | $1,033 | $1,092 | $1,160 | $1,248 | $1,320 | $1,386 | $1,464 | $1,545 | $1,624 |
Other Current Assets | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 |
Total Current Assets | $13,300 | $14,020 | $13,051 | $12,159 | $11,346 | $10,779 | $10,578 | $10,856 | $11,553 | $12,713 | $14,416 | $16,807 | $19,659 |
Long-term Assets | |||||||||||||
Long-term Assets | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,100 | $5,200 | $5,300 | $5,400 | $5,500 | $5,600 |
Accumulated Depreciation | $0 | $139 | $278 | $417 | $556 | $695 | $834 | $1,006 | $1,178 | $1,350 | $1,522 | $1,694 | $1,866 |
Total Long-term Assets | $5,000 | $4,861 | $4,722 | $4,583 | $4,444 | $4,305 | $4,166 | $4,094 | $4,022 | $3,950 | $3,878 | $3,806 | $3,734 |
Total Assets | $18,300 | $18,881 | $17,773 | $16,742 | $15,790 | $15,084 | $14,744 | $14,950 | $15,575 | $16,663 | $18,294 | $20,613 | $23,393 |
Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Current Liabilities | |||||||||||||
Accounts Payable | $0 | $2,756 | $3,510 | $4,022 | $4,279 | $4,462 | $4,686 | $5,002 | $5,272 | $5,543 | $5,862 | $6,174 | $7,292 |
Current Borrowing | $2,000 | $1,800 | $1,600 | $1,400 | $1,200 | $1,000 | $800 | $600 | $400 | $200 | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Subtotal Current Liabilities | $2,000 | $4,556 | $5,110 | $5,422 | $5,479 | $5,462 | $5,486 | $5,602 | $5,672 | $5,743 | $5,862 | $6,174 | $7,292 |
Long-term Liabilities | $10,000 | $9,722 | $9,444 | $9,166 | $8,888 | $8,610 | $8,332 | $8,054 | $7,776 | $7,498 | $7,220 | $6,942 | $6,664 |
Total Liabilities | $12,000 | $14,278 | $14,554 | $14,588 | $14,367 | $14,072 | $13,818 | $13,656 | $13,448 | $13,241 | $13,082 | $13,116 | $13,956 |
Paid-in Capital | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 |
Retained Earnings | ($8,700) | ($8,700) | ($8,700) | ($8,700) | ($8,700) | ($8,700) | ($8,700) | ($8,700) | ($8,700) | ($8,700) | ($8,700) | ($8,700) | ($8,700) |
Earnings | $0 | ($1,697) | ($3,081) | ($4,146) | ($4,877) | ($5,288) | ($5,373) | ($5,006) | ($4,173) | ($2,878) | ($1,088) | $1,197 | $3,137 |
Total Capital | $6,300 | $4,603 | $3,219 | $2,154 | $1,423 | $1,012 | $927 | $1,294 | $2,127 | $3,422 | $5,212 | $7,497 | $9,437 |
Total Liabilities and Capital | $18,300 | $18,881 | $17,773 | $16,742 | $15,790 | $15,084 | $14,744 | $14,950 | $15,575 | $16,663 | $18,294 | $20,613 | $23,393 |
Net Worth | $6,300 | $4,603 | $3,219 | $2,154 | $1,423 | $1,012 | $927 | $1,294 | $2,127 | $3,422 | $5,212 | $7,497 | $9,437 |
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Creating a comprehensive business plan is crucial for launching and running a successful tattoo parlor. This plan serves as your roadmap, detailing your vision, operational strategies, and financial plan. It helps establish your tattoo parlor’s identity, navigate the competitive market, and secure funding for growth.
This article not only breaks down the critical components of a tattoo parlor business plan, but also provides an example of a business plan to help you craft your own.
Whether you’re an experienced entrepreneur or new to the beauty industry, this guide, complete with a business plan example, lays the groundwork for turning your tattoo parlor concept into reality. Let’s dive in!
Our tattoo parlor business plan is structured to cover all essential aspects needed for a comprehensive strategy. It outlines the parlor’s operations, marketing strategy, market environment, competitors, management team, and financial forecasts.
Fully editable 30+ slides Powerpoint presentation business plan template.
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The Executive Summary introduces your tattoo parlor’s business plan, offering a concise overview of your parlor and its services. It should detail your market positioning, the range of tattoo and body art services you offer, its location, size, and an outline of day-to-day operations.
This section should also explore how your tattoo parlor will integrate into the local market, including the number of direct competitors within the area, identifying who they are, along with your parlor’s unique selling points that differentiate it from these competitors.
Furthermore, you should include information about the management and co-founding team, detailing their roles and contributions to the parlor’s success. The expertise, artistic skills, and experience of your tattoo artists should also be highlighted, showcasing the talent that will attract customers. Additionally, a summary of your financial projections, including revenue and profits over the next five years, should be presented here to provide a clear picture of your parlor’s financial plan.
The business overview segment in your executive summary is pivotal for introducing the fundamental facets of your tattoo parlor. It should encompass the establishment’s name, location, and an overview of its day-to-day operations.
Presenting a unique selling proposition ( USP ) delineates your tattoo parlor’s distinction amidst competitors . Whether it’s a focus on personalized designs, a specialization in specific tattoo styles, or a commitment to hygiene and safety standards, your USP is the essence of your executive summary.
Example: “At ‘InkVerse Tattoos,’ nestled in the heart of the vibrant [City/Neighborhood], our 2,000-square-foot studio is a hub for creative expression. We offer bespoke tattoo services ranging from intricate custom designs to vivid color work. Our distinctiveness lies in our fusion of artistry and stringent hygiene protocols, ensuring an unparalleled client experience.”
Understanding and portraying the market landscape, encompassing size, growth trends, and industry dynamics, is crucial. This section should illuminate the scope of the tattoo industry, supported by pertinent data concerning market valuation, growth rates, and prevailing trends . It’s an opportunity to showcase your studio’s niche in this landscape.
Example: “The US tattoo industry, valued at $1.6 billion with a consistent 2.4% CAGR from 2017 to 2022, comprises approximately 26,000 tattoo parlors nationwide. ‘InkVerse Tattoos’ identifies itself among 6 key competitors within a [x]-mile radius, capitalizing on the rising trend of personalized tattoos and prioritizing stringent health and safety measures.”
Highlighting the expertise and backgrounds of the management team solidifies credibility. Presenting their qualifications, experiences, and contributions to the tattoo parlor’s success is paramount. This section will showcase the team’s capabilities and how their collective skills drive the business forward.
Example: “At ‘InkVerse Tattoos,’ our founder, [Name], boasts over 15 years of professional tattoo artistry, revered for his innovation and mastery of diverse design approaches. Complementing this, our business manager, [Name], leverages years of experience in creative arts business management, focusing on client engagement and operational excellence.”
Summarizing your financial objectives and projections, encompassing revenue targets and growth strategies provides a roadmap illustrating your tattoo parlor’s financial trajectory.
Example: With a robust financial strategy, “Artful Ink Studios” sets its sights on sustainable growth and financial stability, outlining a clear revenue target of $1.0 million by 2028. Bolstered by a projected 30% profit margin ( EBITDA margin), our financial projections exemplify a commitment to operational efficiency and profitability.
For a Tattoo Parlor, the Business Overview section can be effectively divided into 2 main slides:
Describe the parlor’s physical environment, focusing on its unique design, artistic atmosphere, and the comfortable setting that welcomes clients. Mention the parlor’s location, emphasizing its accessibility and the convenience it offers to clients, such as proximity to cultural areas or ease of parking.
Next, discuss why this location is strategically chosen to attract your target clientele, whether it’s because of high foot traffic, nearby entertainment venues, or a culturally vibrant area that appreciates body art.
Detail the range of tattoo services offered, from custom tattoo designs and traditional tattoos to contemporary styles and body piercings. Include any unique services like tattoo restoration, cover-ups, or cosmetic tattoos. Then, outline your pricing strategy , ensuring it reflects the artistry and skill involved in the services provided and aligns with the market you’re targeting.
Highlight any special offers, consultation services, aftercare packages, or loyalty programs that add value for your clients, promoting repeat business and fostering a loyal customer base.
In the Market Overview of your tattoo parlor business plan, begin by analyzing the size of the tattoo industry and its potential for growth, highlighting the expanding market opportunities.
Discuss key trends such as the rise in custom tattoo artistry, societal acceptance of tattoos, and advancements in tattoo technologies, underscoring the shift towards personalized and meaningful tattoo experiences.
A competitive analysis is not just a tool for gauging the position of your tattoo parlor in the market and its key competitors; it’s also a fundamental component of your business plan. This analysis helps in identifying your tattoo parlor’s unique selling points, essential for differentiating your business in a competitive market.
In addition, competitive analysis is integral in laying a solid foundation for your business plan. By examining various operational aspects of your competitors, you gain valuable information that ensures your business plan is robust, informed, and tailored to succeed in the current market environment.
Begin by mapping out local tattoo parlors and studios in your area. Direct competitors might include established tattoo studios known for their specialization in particular styles such as realism, traditional, or neo-traditional tattoos. Additionally, consider other establishments offering related services, such as body piercing or permanent makeup, as indirect competitors.
Utilize online resources like Google Maps and social media platforms to understand the geographical distribution of your competitors. Platforms like Yelp and specialized tattoo review websites provide valuable insights into customer opinions, praising aspects like artistic skill, cleanliness, and customer service at rival tattoo studios.
Analyzing your competitors involves scrutinizing various elements of their businesses:
Reflect on your tattoo parlor’s unique offerings. Perhaps your studio is renowned for its intricate sleeve designs or specializes in a specific cultural tattoo style rarely found in your area.
Identify market gaps through client feedback and industry trends. For instance, the growing demand for eco-friendly and vegan ink might be an opportunity if competitors do not address this niche.
Consider your location: A tattoo parlor in a vibrant urban area might focus on larger, statement pieces, whereas one in a quieter neighborhood might emphasize a more intimate and personalized approach to tattooing.
First, conduct a SWOT analysis for the tattoo parlor, highlighting Strengths (such as highly skilled tattoo artists and a unique range of artistic styles), Weaknesses (including potential high overhead costs or intense competition in the area), Opportunities (for example, a growing acceptance and interest in tattoos as a mainstream form of self-expression), and Threats (such as shifts in social norms or regulatory changes affecting the industry).
Next, develop a marketing strategy that outlines how to attract and retain clients through targeted advertising, special introductory offers, a strong and engaging social media presence showcasing artist portfolios, and involvement in local art and cultural events. Consider partnerships with local businesses or influencers to expand your reach.
Choosing the right marketing channels to reach your audience is crucial for successful engagement.
Attracting clients through enticing offers and loyalty programs is a proven strategy.
Effective sales strategies are crucial for revenue growth and client satisfaction:
Encourage repeat business and foster long-term relationships with your clients.
Finally, create a detailed timeline that outlines critical milestones for the tattoo parlor’s opening, marketing initiatives, client base growth, and potential expansion plans, ensuring the business progresses with clear direction and purpose. Additionally, include specific goals such as hosting opening events, participating in tattoo conventions, launching promotional campaigns, and evaluating customer feedback for continuous improvement.
The management section focuses on the tattoo parlor’s management and their direct roles in daily operations and strategic direction. This part is crucial for understanding who is responsible for making key decisions and driving the tattoo parlor toward its financial and operational goals.
For your tattoo parlor business plan, list the core team members, their specific responsibilities, and how their expertise supports the business.
The Financial Plan section is a comprehensive analysis of your financial projections for revenue, expenses, and profitability. It lays out your tattoo parlor’s approach to securing funding, managing cash flow, and achieving breakeven.
This section typically includes detailed forecasts for the first 5 years of operation, highlighting expected revenue, operating costs and capital expenditures.
For your tattoo parlor business plan, provide a snapshot of your financial statement (profit and loss, balance sheet, cash flow statement), as well as your key assumptions (e.g. number of customers and prices, expenses, etc.).
Make sure to cover here _ Profit and Loss _ Cash Flow Statement _ Balance Sheet _ Use of Funds
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Enjoy sharing your love of art through tattoos? Then starting your own tattoo studio could be a worthwhile career choice.
Your industry expertise and artistic skills may help you get started with a new tattoo business, but you need a detailed business plan to succeed.
Need help writing a business plan for your tattoo shop? You’re at the right place. Our tattoo shop business plan template will help you get started.
Free Business Plan Template
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Writing a tattoo shop business plan is a crucial step toward the success of your business. Here are the key steps to consider when writing a business plan:
An executive summary is the first section planned to offer an overview of the entire business plan. However, it is written after the entire business plan is ready and summarizes each section of your plan.
Here are a few key components to include in your executive summary:
Ensure your executive summary is clear, concise, easy to understand, and jargon-free.
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The business overview section of your business plan offers detailed information about your tattoo studio. The details you add will depend on how important they are to your business. Yet, business name, location, business history, and future goals are some of the foundational elements you must consider adding to this section:
This section should provide a thorough understanding of your business, its history, and its future plans. Keep this section engaging, precise, and to the point.
The market analysis section of your business plan should offer a thorough understanding of the industry with the target market, competitors, and growth opportunities. You should include the following components in this section.
Here are a few tips for writing the market analysis section of your tattoo salon business plan:
The product and services section should describe the specific services and products that will be offered to customers. To write this section should include the following:
In short, this section of your tattoo shop plan must be informative, precise, and client-focused. By providing a clear and compelling description of your offerings, you can help potential investors and readers understand the value of your business.
Writing the sales and marketing strategies section means a list of strategies you will use to attract and retain your clients. Here are some key elements to include in your sales & marketing plan:
Overall, this section of your tattoo parlor business plan should focus on customer acquisition and retention.
Have a specific, realistic, and data-driven approach while planning sales and marketing strategies for your tattoo shop, and be prepared to adapt or make strategic changes in your strategies based on feedback and results.
The operations plan section of your business plan should outline the processes and procedures involved in your business operations, such as staffing requirements and operational processes. Here are a few components to add to your operations plan:
Adding these components to your operations plan will help you lay out your business operations, which will eventually help you manage your business effectively.
The management team section provides an overview of your tattoo shop business’s management team. This section should provide a detailed description of each manager’s experience and qualifications, as well as their responsibilities and roles.
This section should describe the key personnel for your tattooing services, highlighting how you have the perfect team to succeed.
Your financial plan section should provide a summary of your business’s financial projections for the first few years. Here are some key elements to include in your financial plan:
Be realistic with your financial projections, and make sure you offer relevant information and evidence to support your estimates.
The appendix section of your plan should include any additional information supporting your business plan’s main content, such as market research, legal documentation, financial statements, and other relevant information.
Use clear headings and labels for each section of the appendix so that readers can easily find the necessary information.
Remember, the appendix section of your tattoo studio business plan should only include relevant and important information supporting your plan’s main content.
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This sample tattoo shop business plan will provide an idea for writing a successful tattoo shop plan, including all the essential components of your business.
After this, if you still need clarification about writing an investment-ready business plan to impress your audience, download our tattoo shop business plan pdf .
Frequently asked questions, why do you need a tattoo shop business plan.
A business plan is an essential tool for anyone looking to start or run a successful tattoo shop. It helps to get clarity in your business, secures funding, and identifies potential challenges while starting and growing your business.
Overall, a well-written plan can help you make informed decisions, which can contribute to the long-term success of your tattoo shop.
There are several ways to get funding for your tattoo shop, but self-funding is one of the most efficient and speedy funding options. Other options for funding are:
Crowdfunding, angel investors.
Apart from all these options, there are small business grants available, check for the same in your location and you can apply for it.
There are many business plan writers available, but no one knows your business and ideas better than you, so we recommend you write your tattoo shop business plan and outline your vision as you have in your mind.
A lot of research is necessary for writing a business plan, but you can write your plan most efficiently with the help of any tattoo shop business plan example and edit it as per your need. You can also quickly finish your plan in just a few hours or less with the help of our business plan software.
About the Author
Upmetrics Team
Upmetrics is the #1 business planning software that helps entrepreneurs and business owners create investment-ready business plans using AI. We regularly share business planning insights on our blog. Check out the Upmetrics blog for such interesting reads. Read more
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How to write a business plan for your tattoo shop business.
Starting a tattoo shop business is a great idea because it is a profitable industry and provides customers with a unique and personal service.
Additionally, it is a creative and artistic outlet for entrepreneurs to express themselves and build a successful career.
However, prior to that, you must have a business plan.
A business plan is an important tool for any new project, and it is essential to take the time to write one before starting a tattoo shop business. It will help to map out the goals, strategies, and resources needed to make the business a success.
In short, a thorough business plan will help make sure your tattoo shop business is profitable .
What should you include in the business plan for a tattoo shop business? How can it be effectively planned? Which metrics should be part of the financial analysis? How to build a solid business plan without spending too much time?
Look no further! This article will cover all these questions and give you the answers you need.
Moreover, bear in mind that it is up to you whether you choose to start your business plan from scratch.
You can download our customizable business plan for a tattoo shop business and modify it to meet your specifications.
Is it necessary to create a business plan for your tattoo shop business.
Yes, you should create a business plan for your tattoo shop business.
Drafting a viable business plan will help to:
Our team has drafted a business plan for a tattoo shop business that is designed to make it easier for you to achieve all the elements listed.
A carefully constructed business plan provides a complete package of content, metrics, and financial information. There should be a clear structure, to make easy to read and digest.
When we designed our business plan for a tattoo shop business , we made sure to outline it properly.
There are 5 main sections (Opportunity, Project, Market Research, Strategy and Finances).
The primary section is titled "Market Opportunity."
This section presents a comprehensive report on the tattoo shop business, including key data and metrics to guide your decision-making process in the tattoo industry.
We regularly update this section for fresh data.
Within the "Project" section, outline your tattoo shop business, describing the tattoo styles offered, talented artists, studio atmosphere, and emphasize the unique value proposition for customers seeking tattoos.
Remember to introduce yourself at the end of this section.
Discuss your artistic skills, your commitment to safety and hygiene, and how you plan to provide exceptional tattoo services to clients. Highlight your portfolio of designs, your customized consultations, and your dedication to creating meaningful and beautiful tattoos that meet the unique preferences and stories of clients through your tattoo shop business.
Our business plan contains text for you. Customize it to fit your concept perfectly.
Then, we have the "Market Research" section.
This section provides a description of the market segments for your tattoo shop business.
It includes an analysis of other tattoo shops in the area. Your shop's unique tattoo designs and competitive advantages are also highlighted. A customized SWOT analysis is included.
The "Strategy" section presents a comprehensive 3-year action plan, outlining the initiatives and actions required to make your tattoo shop business a highly profitable venture.
Additionally, there is a marketing strategy for a tattoo shop business, a way to manage risks, and a completed Business Model Canvas included in this section.
Lastly, the section labeled "Finances" is where you can outline the financial plan and data for your project.
The Executive Summary is a brief and condensed overview of the business plan for your tattoo shop business.
Keep it brief, with a maximum of 2 pages, focusing on the important details.
When you show your business plan to an investor, this is the first part they will see. It needs to grab their attention and make them want to read the rest of the plan.
In the Executive Summary of your tattoo shop business, provide answers to these questions: what services does your tattoo shop offer? who is your target audience? are there other tattoo shops in the area? what makes your shop unique? what funding do you require?
The market study of your tattoo shop business helps you understand external factors such as customer demands for tattoo artistry, competition within the tattoo industry, and emerging trends in body art and tattoo culture.
By conducting a comprehensive market study, a tattoo shop business can understand customer preferences, offer professional tattoo services, optimize pricing strategies, and execute targeted marketing campaigns, ultimately leading to a loyal customer base, increased appointments, and a prominent position in the local tattoo industry.
Here is what you can expect to find in the "Market Research" section of our business plan for a tattoo shop business :
What's the business model of a tattoo shop business, business model of a tattoo shop business.
A tattoo shop business's model revolves around providing professional tattoo services to clients. Revenue is generated through tattoo session fees, potentially offering additional services such as tattoo aftercare products or merchandise.
The business model focuses on employing skilled tattoo artists, maintaining a clean and safe environment, providing personalized consultations, building a portfolio of artistic work, and effective marketing to target tattoo enthusiasts.
Success depends on artist reputation, maintaining compliance with health and safety regulations, fostering positive customer reviews and recommendations, and creating a welcoming and creative tattoo experience for clients.
Keep in mind the difference between "business plan" and "business model."
A business model is a blueprint for how a company operates and makes money.
In a business plan, you outline your business model employing a framework referred to as the Business Model Canvas.
Rest assured, there is a Business Model Canvas (already completed) in our business plan for a tattoo shop business .
Market segmentation for your tapas bar establishment involves dividing your potential customers into different groups based on their dining preferences, culinary interests, and demographics.
These categories may include factors such as Spanish cuisine, small plates, wine enthusiasts, or customers seeking specific tapas flavors or regional specialties.
By segmenting your market, you can offer a dining experience and menu that caters to each segment's specific requirements. For example, you might focus on Spanish cuisine and provide a tapas bar experience with a variety of small plates showcasing the flavors and culinary traditions of Spain, offer an extensive wine list and provide wine pairings and recommendations for customers interested in wine and food pairings, specialize in catering to tapas enthusiasts and offer a wide selection of tapas flavors and combinations, or focus on specific tapas flavors or regional specialties such as paella, croquettes, or jamón ibérico to cater to customers' preferences and introduce them to the diverse world of tapas.
Market segmentation allows you to effectively target your marketing efforts, create an inviting tapas bar ambiance, and provide a delightful and enjoyable dining experience that meets the unique needs and preferences of each customer segment.
In the business plan for a tattoo shop business , you will find a detailed market segmentation that gives you insights into your potential customers.
Without surprise, you won't be the only tattoo shop business in your city. There will be other artists offering their expertise in creating unique and personalized tattoos.
Include a thorough evaluation of your competitors' strengths and weaknesses in your business plan to gain an edge.
Address their weaknesses (such as inexperienced tattoo artists, inadequate tattoo hygiene practices, or poor customer satisfaction).
Why is it important to address these concerns? Because these weaknesses can impact the client experience at tattoo shops.
By focusing on these areas, you can offer skilled and talented tattoo artists, provide a clean and safe tattooing environment, and deliver personalized and creative tattoo designs, establishing your tattoo shop business as a preferred choice for individuals seeking professional and meaningful tattoos.
It's what we call competitive advantages—strengthening them helps your business stand out from the rest.
Here are some examples of competitive advantages for a tattoo studio: skilled and experienced tattoo artists, adherence to strict safety and hygiene standards, unique tattoo designs.
A SWOT analysis can help identify potential strengths, weaknesses, opportunities, and threats to ensure the success of a tattoo shop business.
As you can guess, there is indeed a completed and editable SWOT matrix in our business plan for a tattoo shop business
The "S" in SWOT represents Strengths, which are the project's internal factors that contribute to its success.
For a tattoo shop business, strengths could include having a talented team of artists, a wide selection of designs, a safe and sterile environment, and excellent customer service.
The "W" stands for Weaknesses, referring to the areas or aspects of the project that need to be addressed.
For a tattoo shop business, potential weaknesses include inadequate training of staff, insufficient marketing, limited customer service, and a lack of industry knowledge.
When we use the "O" in SWOT, we're talking about Opportunities, which are the external prospects or beneficial situations that can enhance the project's outcomes.
In the case of a tattoo shop business, potential opportunities could include offering online consultations, providing tattoo aftercare services, introducing tattoo removal services, and offering body piercing services.
The "T" in SWOT symbolizes Threats, highlighting the potential negative factors or challenges that the project needs to address.
A marketing strategy is a plan that businesses create to promote their products or services to potential customers.
Implementing a targeted marketing plan will attract individuals seeking professional and artistic tattoo services to your shop.
Art enthusiasts won't visit your tattoo shop business without effective promotion; showcasing the artistic skill, cleanliness, and unique designs of your artists is necessary.
Are you implementing effective marketing strategies for your tattoo shop business? Consider creating a portfolio of unique tattoo designs, collaborating with local tattoo artists for guest spots or joint promotions, and utilizing social media platforms to showcase your artistic skills.
It's okay if you don't have many ideas for your project's marketing strategy – don't panic.
A solid business plan must include financial data to provide an accurate assessment of the business's potential success.
As you outline your business plan, you should include revenue projections for your tattoo shop business.
When investors read your business plan, a relevant and credible revenue forecast will contribute to its overall solidity.
Our financial plan for a tattoo shop business is user-friendly, providing automated validations that allow you to rectify any assumptions swiftly. This guarantees the creation of credible projections with ease and assurance.
Naturally, you'll have to prepare an initial budget for your tattoo shop business. Don't forget any expense (we have listed them all in our financial plan !).
The break-even analysis is an essential component of your financial plan, as it provides an indication of whether your tattoo shop business will be profitable or not.
Written by Dave Lavinsky
You’ve come to the right place to create your Tattoo Shop business plan.
We have helped over 1,000 entrepreneurs and business owners create business plans and many have used them to start or grow their Tattoo Shops.
Below is a template to help you create each section of your Tattoo Shop business plan.
Business overview.
Wild Ink is a startup tattoo shop business located in Sturgis, North Dakota. The business was founded by Damien Harness, a tattoo artist who learned his craft over twenty years ago and has been employed as a tattoo artist by tattoo shop owners since his apprenticeship. During last year, he recognized that the way to build a sustainable business in the manner in which he believed would best benefit both the customer and a business would be to start a tattoo business himself. He spent the past six months recruiting others to join his staff after the launch of the business.
Wild Ink will provide a comprehensive and highly-detailed array of premier tattoo designs and styles from which to choose and the artists will assist customers in designing their own tattoos, if requested. The business utilizes premier inks and conforms to all hygiene requirements in order to provide customers with a stellar tattoo each time, all the time.
The following are the services that Wild Ink will provide:
Wild Ink will focus on all residents-of-age of Sturgis, North Dakota. They will also focus on visitors, particularly those during the yearly Sturgis Motorcycle Rally, where over 500,000 motorcycle riders spent weeks at the Sturgis location. This event creates the largest tattoo audience and customer base for the tattoo artists in Sturgis and the surrounding areas. Wild Ink will also target couples who are celebrating an event, such as a wedding or anniversary. Wild Ink will target event planners and party coordinators to include tattooing services at their next large event. Wild Ink will create tattoos as part of a business “team-building” activity, if called upon for that service, as well.
Wild Ink Tattoo Shop will be owned and operated by Damien Harness. He recruited four of his associate tattoo artists to join him in this new venture and he recruited two administrative assistants to join the startup business, as well.
The business was founded by Damien Harness, a tattoo artist who learned his craft over twenty years ago and has been employed as a tattoo artist by tattoo shop owners since his apprenticeship. During last year, he recognized that the way to build a sustainable business in the manner in which he believed would best benefit both the customer and a business would be to start a tattoo business himself. He spent the past six months recruiting others to join his staff after the launch of the business.
Tomas Klinkhofer has been a tattoo artist associate of Damien’s for over ten years. During their years of working side-by-side, they’ve both improved their artistry because of the encouragement and solid advice of the other. Tomas will take on the role of Senior Tattoo Artist in the shop.
Three former tattoo artist associates, John Eisen, Tommy Parisi, and Duane Hofer, will join the Wild Ink Tattoo Shop team. Each has extensive experience working as tattoo artists for a variety of business owners, and each has cultivated a carefully curated cadre of styles and designs they prefer. The collective artistry group will be Tattoo Artists, overseen by Jill Arden, the Administrative Manager for the business.
Wild Ink will be able to achieve success by offering the following competitive advantages:
Wild Ink is seeking $200,000 in debt financing to launch its custom tattoo shop. The funding will be dedicated toward securing the office space and purchasing office equipment and supplies. Funding will also be dedicated toward three months of overhead costs to include payroll of the staff, rent, and marketing costs for the print ads and marketing costs. The breakout of the funding is below:
The following graph outlines the financial projections for Wild Ink.
Who is wild ink.
Wild Ink is a newly established, full-service tattoo shop in Sturgis, North Dakota. Wild Ink will be the most reliable, cost-effective, and totally hygienic tattoo shop for residents in Sturgis and the surrounding communities. Wild Ink will provide a comprehensive menu of tattoo products and services for any customer to utilize. Their full-service approach includes a comprehensive array of tattoo designs, styles and color palettes of ink choices.
Wild Ink Tattoo Shop will be able to serve residents and visitors during the yearly Sturgis Motorcycle Rally by providing additional tattoo artists and expanding the shop into several pop-up stores throughout Sturgis. The team of professionals are highly qualified and experienced in custom tattoos, designs, styles and ink selections. Wild Ink removes all fears, headaches and concerns of the tattoo customer and ensures all questions are answered while delivering the best customer service.
Wild Ink is owned and operated by Damien Harness, a tattoo artist who learned his craft over twenty years ago and has been employed as a tattoo artist by tattoo shop owners since his apprenticeship. During last year, he recognized that the way to build a sustainable business in the manner in which he believed would best benefit both the customer and a business would be to start a tattoo business himself. He spent the past six months recruiting others to join his staff after the launch of the business.
Since incorporation, Wild Ink has achieved the following milestones:
The following will be the services Wild Ink will provide:
The tattoo artistry industry is expected to grow over the next five years to over $69,582 million. The growth will be driven by individuals aged 18-40 who are looking for unique, personalized tattoos. The growth will also be driven by a niche market of tattoo enthusiasts seeking specific styles or themes. The growth will be driven by an increase in the size of the tattoo participants and the new varieties of tattoos that will become known through AI or other technological adaptations in the future. The growth will also be driven by an increase in custom designs, cover-ups, black and grey, color tattoos, traditional, and contemporary styles. The growth will also be driven by a steady increase in trends, techniques, and safety protocols for tattoos. Costs will likely be reduced as materials and natural resources for inks become more plentiful as a result of demand.
Demographic profile of target market.
Total | Percent | |
---|---|---|
Total population | 1,680,988 | 100% |
Male | 838,675 | 49.9% |
Female | 842,313 | 50.1% |
20 to 24 years | 114,872 | 6.8% |
25 to 34 years | 273,588 | 16.3% |
35 to 44 years | 235,946 | 14.0% |
45 to 54 years | 210,256 | 12.5% |
55 to 59 years | 105,057 | 6.2% |
60 to 64 years | 87,484 | 5.2% |
65 to 74 years | 116,878 | 7.0% |
75 to 84 years | 52,524 | 3.1% |
Wild Ink will primarily target the following customer profiles:
Direct and indirect competitors.
Wild Ink will face competition from other companies with similar business profiles. A description of each competitor company is below.
Ink My Bod 4 Less is a business concept built by Jim Ness and Turkey Jackson, two young tattoo artists from Beauregard, Georgia and put into business with the concept that tattoos can be “quickly and expertly applied” without long tattoo sessions or inconvenience. Ink My Bod 4 Less is a company that offers quick tattoos in sessions of 30 minutes or less. While customized tattoo designs, styles and special inks are unavailable, the reasonable time spent and the budget prices involved have captured the attention of the 16-25 aged demographic.
Jim Ness and Turkey Jackson believe they have the grounding to expand their business with their unique concept; within five years they now plan to franchise the tattoo business and concept throughout the U.S. and are currently offering the franchise opportunity to select associates. The costs for the franchise are as yet unknown and other details, such as the training of the tattoo artists and the hygienic establishment regulations, have not yet been revealed.
Indian Mehndi, or “Henna” tattoo application is an ancient expression of certain rituals and events in a woman’s life. The Indian Henna & Tattoo Boutique located in Sturgis, North Dakota, caters to younger women between the ages of 18 and 35, with exceptions being large ceremonial events, where all women will receive henna tattoos. The art of henna is luxurious, complicated and meaningful in the lore of Indian culture, therefore the henna itself must be pure and applied with the oversight of a religious person.
The Indian Henna & Tattoo boutique was launched in 2020 by Tim and Diane White, two entrepreneurs who believed this ancient art would soon make its way into the mainstream market. Due to the meaning behind the henna application and the very small demographic target audience of Indian residents, the Indican Henna & Tattoo Boutique has not grown since the launch of the business. However, most young women have visited at least once to enjoy the soothing music and artful application of henna to one’s hands.
Striker’s Tattoo World was started in 2021 by Jake Robertson. Jake believed the best way to express oneself was through highly-stylized tattoos and he currently has over 70% of his body covered with secular and religious tattoos. Jake expressed his love for others in the community by offering free tattoo sessions and extended-time appointments, however, Jake’s interest in the company has waned since he began servicing and selling computers to area businesses, and the business has not grown since its inception some months ago. There are two buyers considering the purchase of Striker’s Tattoo World; however, Jake Robertson is holding firm for a better offer down the road. His largest demographic is the women, ages 18-40, who want cute designs, animals and icons that represent themselves.
Wild Ink will be able to offer the following advantages over their competition:
Brand & value proposition.
Wild Ink will offer the unique value proposition to its clientele:
The promotions strategy for Wild Ink is as follows:
Word of Mouth/Referrals
Wild Ink has built up an extensive list of former clients and contacts over the years by providing exceptional service and premium inks for his clients. Customers will follow him to his new company and help spread the word of Wild Ink.
Social Media Marketing
Social media channels will be extensively used to display the custom tattoos of Wild Ink and to encourage customers who may be hesitant to give it a try with a money-back guarantee. Several designs and styles will be highlighted on social media channels and models will demonstrate in short reels the beauty and configurations that enhance body performance.
Website/SEO Marketing
Wild Ink will fully utilize their website. The website will be well organized, informative, and list all the products and services that Wild Ink provides. The website will also list their contact information and available reservation times so customers do not need to walk in and wait for service. Wild Ink’s website presence will utilize SEO marketing tactics so that anytime someone types in the Google or Bing search engine “Tattoo company” or “Tattoo near me”, Wild Ink will be listed at the top of the search results.
The pricing of Wild Ink will be moderate and on par with competitors so customers feel they receive excellent value when purchasing their services.
The following will be the operations plan for Wild Ink. Operation Functions:
Wild Ink will have the following milestones completed in the next six months.
Key revenue & costs.
The revenue drivers for Wild Ink are the fees they will charge to customers for their tattoo products and services.
The cost drivers will be the overhead costs required in order to staff Wild Ink. The expenses will be the payroll cost, rent, utilities, office supplies, and marketing materials.
Wild Ink is seeking $200,000 in debt financing to launch its tattoo shop business. The funding will be dedicated toward securing the shop and office space and purchasing office equipment and supplies. Funding will also be dedicated toward three months of overhead costs to include payroll of the staff, rent, and marketing costs for the marketing and association memberships. The breakout of the funding is below:
The following outlines the key assumptions required in order to achieve the revenue and cost numbers in the financials and in order to pay off the startup business loan.
Income statement.
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
Revenues | ||||||
Total Revenues | $360,000 | $793,728 | $875,006 | $964,606 | $1,063,382 | |
Expenses & Costs | ||||||
Cost of goods sold | $64,800 | $142,871 | $157,501 | $173,629 | $191,409 | |
Lease | $50,000 | $51,250 | $52,531 | $53,845 | $55,191 | |
Marketing | $10,000 | $8,000 | $8,000 | $8,000 | $8,000 | |
Salaries | $157,015 | $214,030 | $235,968 | $247,766 | $260,155 | |
Initial expenditure | $10,000 | $0 | $0 | $0 | $0 | |
Total Expenses & Costs | $291,815 | $416,151 | $454,000 | $483,240 | $514,754 | |
EBITDA | $68,185 | $377,577 | $421,005 | $481,366 | $548,628 | |
Depreciation | $27,160 | $27,160 | $27,160 | $27,160 | $27,160 | |
EBIT | $41,025 | $350,417 | $393,845 | $454,206 | $521,468 | |
Interest | $23,462 | $20,529 | $17,596 | $14,664 | $11,731 | |
PRETAX INCOME | $17,563 | $329,888 | $376,249 | $439,543 | $509,737 | |
Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
Use of Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
Taxable Income | $17,563 | $329,888 | $376,249 | $439,543 | $509,737 | |
Income Tax Expense | $6,147 | $115,461 | $131,687 | $153,840 | $178,408 | |
NET INCOME | $11,416 | $214,427 | $244,562 | $285,703 | $331,329 |
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
ASSETS | ||||||
Cash | $154,257 | $348,760 | $573,195 | $838,550 | $1,149,286 | |
Accounts receivable | $0 | $0 | $0 | $0 | $0 | |
Inventory | $30,000 | $33,072 | $36,459 | $40,192 | $44,308 | |
Total Current Assets | $184,257 | $381,832 | $609,654 | $878,742 | $1,193,594 | |
Fixed assets | $180,950 | $180,950 | $180,950 | $180,950 | $180,950 | |
Depreciation | $27,160 | $54,320 | $81,480 | $108,640 | $135,800 | |
Net fixed assets | $153,790 | $126,630 | $99,470 | $72,310 | $45,150 | |
TOTAL ASSETS | $338,047 | $508,462 | $709,124 | $951,052 | $1,238,744 | |
LIABILITIES & EQUITY | ||||||
Debt | $315,831 | $270,713 | $225,594 | $180,475 | $135,356 | |
Accounts payable | $10,800 | $11,906 | $13,125 | $14,469 | $15,951 | |
Total Liability | $326,631 | $282,618 | $238,719 | $194,944 | $151,307 | |
Share Capital | $0 | $0 | $0 | $0 | $0 | |
Retained earnings | $11,416 | $225,843 | $470,405 | $756,108 | $1,087,437 | |
Total Equity | $11,416 | $225,843 | $470,405 | $756,108 | $1,087,437 | |
TOTAL LIABILITIES & EQUITY | $338,047 | $508,462 | $709,124 | $951,052 | $1,238,744 |
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
CASH FLOW FROM OPERATIONS | ||||||
Net Income (Loss) | $11,416 | $214,427 | $244,562 | $285,703 | $331,329 | |
Change in working capital | ($19,200) | ($1,966) | ($2,167) | ($2,389) | ($2,634) | |
Depreciation | $27,160 | $27,160 | $27,160 | $27,160 | $27,160 | |
Net Cash Flow from Operations | $19,376 | $239,621 | $269,554 | $310,473 | $355,855 | |
CASH FLOW FROM INVESTMENTS | ||||||
Investment | ($180,950) | $0 | $0 | $0 | $0 | |
Net Cash Flow from Investments | ($180,950) | $0 | $0 | $0 | $0 | |
CASH FLOW FROM FINANCING | ||||||
Cash from equity | $0 | $0 | $0 | $0 | $0 | |
Cash from debt | $315,831 | ($45,119) | ($45,119) | ($45,119) | ($45,119) | |
Net Cash Flow from Financing | $315,831 | ($45,119) | ($45,119) | ($45,119) | ($45,119) | |
Net Cash Flow | $154,257 | $194,502 | $224,436 | $265,355 | $310,736 | |
Cash at Beginning of Period | $0 | $154,257 | $348,760 | $573,195 | $838,550 | |
Cash at End of Period | $154,257 | $348,760 | $573,195 | $838,550 | $1,149,286 |
What is a tattoo shop business plan.
A tattoo shop business plan is a plan to start and/or grow your tattoo shop business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections.
You can easily complete your Tattoo Shop business plan using our Tattoo Shop Business Plan Template here .
There are a number of different kinds of tattoo shop businesses , some examples include: Retail location tattoo shop, Neighborhood tattoo shop, and Traveling tattoo business.
Tattoo Shop businesses are often funded through small business loans. Personal savings, credit card financing and angel investors are also popular forms of funding.
Starting a tattoo shop business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.
1. Develop A Tattoo Shop Business Plan - The first step in starting a business is to create a detailed tattoo shop business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast.
2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your tattoo shop business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your tattoo shop business is in compliance with local laws.
3. Register Your Tattoo Shop Business - Once you have chosen a legal structure, the next step is to register your tattoo shop business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws.
4. Identify Financing Options - It’s likely that you’ll need some capital to start your tattoo shop business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms.
5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations.
6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events.
7. Acquire Necessary Tattoo Shop Equipment & Supplies - In order to start your tattoo shop business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation.
8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your tattoo shop business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising.
Learn more about how to start a successful tattoo shop business:
You want to open a tattoo shop, but where do you start? From finding a location, to hiring artists, to the day to day finances – there’s a lot to cover! This sample business plan should provide you with insight on what a business plan for a tattoo company should look like. Take a skim through, and as you’re reading begin generating ideas for your tattoo company. If you need any help you can reach out for a business plan review or for our professional business plan writing services .
The art of tattooing has evolved from simple body adornment to a powerful form of self-expression. Intention tattoos, in particular, have become increasingly popular as people seek to convey their beliefs or values through their body art. This growing trend has created a high demand for skilled tattoo artists, resulting in a significant increase in tattoo artist pay. With tattoo designs ranging from simple to intricate, tattoo proposal ideas are limited only by one’s imagination. As tattoos continue to gain acceptance in various industries, more talented tattoo artists are taking the leap and starting their own businesses. If you’re a skilled tattoo artist looking to make your mark in the industry, now is the perfect time to do so.
Are you a talented tattoo artist looking to start your own business? The booming tattoo industry presents a golden opportunity to turn your passion into a lucrative career. However, starting a tattoo shop requires careful planning and preparation, just like any other business. Fortunately, we’ve got you covered! In this article, we’ll provide you with all the information you need to successfully establish and manage your own tattoo parlor, from creating a solid business plan to navigating legal requirements. Don’t miss out on this chance to turn your dreams into reality!
In the world of retail businesses, tattoo shops are a unique and fascinating addition. These establishments specialize in providing personalized tattoo services that deliver high-quality results. Whether you’re looking for a small independent studio or a larger, well-established tattoo design shop, tattoo shop ideas can come in many different sizes and styles. The possibilities for studio decoration ideas are endless, with some shops choosing a minimalist and industrial aesthetic while others opt for a more colorful and vibrant atmosphere. And with the rise of project tattoo studios, where artists collaborate on complex, multi-session pieces, there’s never been a more exciting time to be a part of this industry. Plus, for clients who can’t make it to a traditional shop, mobile tattoo businesses and parlor studios offer convenience and flexibility.
If you want to learn how to open a private tattoo studio, there are several factors to consider:
Research the industry: Before you create a tattoo studio, it’s important to research the industry thoroughly. You should learn about the different types of tattoos, the equipment needed, and the tattoo shop set up. You should also research other tattoo shops in your area to see what they offer and how they operate.
Develop a business plan: A business plan is essential for any business, including a tattoo shop. Your business plan should include details such as your target market, your services and prices, your marketing plan, and your financial projections. You can find many tattoo planning templates online to help you create a comprehensive plan.
Secure financing: Starting a tattoo shop can be expensive, so you will likely need to secure financing. This may involve taking out a loan from a bank or finding investors. You should also create a budget to ensure that you have enough money to cover your expenses until your shop becomes profitable.
Obtain licenses and permits: Tattoo shops are heavily regulated, and you will need to obtain licenses and permits to operate legally. You will need to research the licensing requirements in your area and obtain any necessary permits, such as a health permit or a business license.
Set up your shop: Once you have secured financing and obtained the necessary licenses and permits, you can start setting up your shop. You will need to purchase equipment, such as tattoo machines and needles, and set up a sterile workspace. You will also need to create a tattoo shop layout that is both functional and visually appealing.
Hire staff: When hiring staff for your tattoo shop, it’s essential to find talented tattoo artists who can deliver high-quality work. Additionally, you’ll need a receptionist or manager to handle administrative tasks, such as scheduling appointments and managing finances. To ensure smooth communication with your staff, it’s important to have their contact numbers readily available, so customers can easily text or message them.
Market your shop: Marketing is crucial for any business, and a tattoo shop is no exception. You can market your shop through social media, local advertising, and word of mouth. You can also sell your art to tattoo shops to increase your exposure and generate more business.
To run a successful tattoo shop, it’s important to have more than just tattooing skills. Staying updated with the latest developments in the constantly evolving tattoo industry is crucial. To keep up with the latest trends, attending industry events like tattoo conventions or seminars, following industry publications, websites, and social media accounts, and joining professional organizations and associations are effective ways. These methods provide access to new techniques, equipment, products, and resources, as well as opportunities to network and receive mentorship. By staying informed and connected, you can ensure that your tattoo shop business stays competitive and up to date with the latest advancements in the tattoo industry.
“Sample Tattoo Shop Inc.” operating as “Sample Tattoo Shop” (the company) was incorporated on August 1, 2021 in the state of Florida by John O’Miley. Sample Tattoo is based at 100 Allen St. Miami, Florida where customers receive small tattoos and customized tattoos by an experienced team of professional artists.
In recent years the tattoo industry has seen a surge in demand as tattoos become more commonplace in society. Furthermore, with the rise of social media, more people are conscious of their physical appearance and are looking to express themselves and their individuality.
To meet this demand, Sample Tattoo Shop, led by Owner & Operator John O’Miley will provide a clean, hygienic and comfortable experience to clientele. Sample Tattoo will be a leader in providing not only the highest quality tattoos, but an unrivaled tattoo experience.
John O’Miley brings 8 years of direct experience in custom tattooing. He has worked at 6 shops across the US, and in doing so has developed an abundance of knowledge in client care and management. Dean is focused on establishing the company on a commitment to customer-centrism. By engaging in feedback from each client, the company plans to not only lead, but in fact evolve the tattoo industry standard.
Sample Tattoo Shop Inc. is seeking a $50,280 business loan through the Small Business Administration. The funds will be used to purchase equipment, furniture and decor for the shop, to develop a state of the art website, and for six months of a marketing budget.
Sample Tattoo Shop is currently a one-shop studio that provides two overriding styles: small and customized tattoos. The business is founded by John O’Miley , an experienced and respected tattoo artist in the Miami area. Over the first year of operation a few artists will be hired to expand options for clients and increase gross revenues. The business will provide both basic and customized designs based on the client’s needs and requirements. Clients include individuals that are new to tattoos and tattoo enthusiasts.
The global tattoo industry has an annual revenue of $3 billion per year, and is expected to grow nearly 8% annually. This near 8% increase can be attributed not only to the increasing popularity of tattoos but younger generations choosing expensive customized work instead of less expensive, pre-designed artwork. Once the client has been tattooed, the customer return rate increases substantially.
The tattoo industry has low barriers to entry and high profit margins. After a few years of establishing clientele, most tattoo artists earn at least $100,000 CAD per year. Most tattoo shops have an average profit margin of 30% after expenses.
Mission Statement
Our mission is to provide the greatest tattoo experience available in the state of Florida.
Vision Statement
Our vision is a tattoo industry where client care becomes just as important as the final result.
Sample Tattoo Shop’s primary goal is to retain artists who are not only talented at tattooing but also have great personalities. Communication plays a key role in the tattoo industry, and thus an artist must understand what the client wants and deliver it accordingly. Sample Tattoo Shop recognizes that artists with great personalities tend to receive more loyal customers.
Working with talented artists with great personalities: Clients come in search of talented artists because they believe the artist will provide a heightened standard of service. So, it is important to have talented artists. There’s also another factor associated with success. That is Customer Retention. This is possible only when the artist is talented and professional, in other terms having a good personality. People always respect and prefer a person with a good attitude. A talented artist would bring business to the company but a talented artist with a good personality would bring new business and retain the clients which is essential for the growth of the company.
Creating a safe and comfortable environment for clients: It is important to make the client feel safe and comfortable. At Sample Tattoo, all equipment is cleaned and sterilized frequently. The shop plays music according to the client’s preference, and offers Netflix so the client can feel as comfortable as possible. The more comfortable and connected the client feels, the greater a chance the client will return for another positive experience.
Having more loyal customers: Sample Tattoo is focused on retaining loyal customers; which act as advocates, thus bringing more business to the company.
John O’Miley is currently the company’s main tattoo artist. He will be accompanied by another artist for basic tattoo work and a virtual assistant to book sessions and answer questions about tattoo maintenance. By the third year, the company will have the following professionals:
Tattoo Artists (3)
The tattoo artists will be involved in consultation, drawing, stenciling, tattooing and ordering of tattoo supplies.
Virtual Assistant (1)
The receptionist/manager’s work will involve booking, scheduling & rescheduling appointments, bank deposits, daily payroll management, and taking photographs of finished tattoos.
Tattoo Apprentice (3)
Tattoo apprentices will perform the following work: cleaning, setting up/taking down work areas, learning to draw/tattoo, stenciling, running errands for supplies, helping artists with tattooing.
John O’Miley
Owner & Operator
About John O’Miley
John O’Miley is a well-spoken, likable, and personable artist with expert knowledge in the body modification industry specializing in custom tattooing. While most tattoo artists cannot draw, talent has always been present, making it easy, fast and efficient to produce an idea on paper or directly to the skin using traditional pencils, pencil crayons, and markers.
“Being able to put oneself in the shoes of the client and understanding even the most basic needs to make them feel welcome and safe is paramount to good business practices and productivity.”
– John O’Miley , Sample Tattoo Shop Inc.
Work Experience
Geronimo Tattoo and Piercing, Miami, Florida
Tattoo Artist
2021 – to present
Mobile Tattooing, Georgia
Black Tattoo and Piercing, Georgia
Head Artist – 2016
Mobile tattoo artist, Manitoba
Twisted Ink, Manitoba
Professional Tattoo Artist
Skills/Training
General Education
Mount Park College 2015
Sample Tattoo will be involved only in tattooing where the artists will perform ordinary and customized tattoos based on the client’s needs and requirements. The pricing is based on a per hour basis. The pricing for tattoo service is provided below:
Consultation
$250 deposit (non-refundable)
Customized Tattoos
$180.00/hour + Tax
Small Tattoos
$100.00 / 30 min + Tax
$45.00/15mins + Tax (after first hour)
The deposit will be paid back after the last follow-up and photography.
The company is located at 100 Allen, Miami, Florida. The standard business hours are from 9:00 a.m. to 6:00 p.m Monday – Saturday. Clients will schedule appointments with our virtual assistant and pay the deposit amount on our website.
The company will use a variety of equipment including:
Artists are allowed to bring their own equipment provided they follow all standard safety and health processes.
Stocking up inventory is important in the tattoo industry. Sample Tattoo Shop will have all the necessary items in inventory such as needles, and cleaning materials.
The tattoo business has low startup costs and above average profit margins. There is an 8% compound annual growth rate (CAGR) for tattoo studios. With the increase in people getting tattooed, the industry is flourishing in the Canadian market.
During the covid pandemic in 2020, all industries, including tattoo studios took a hit. Since the tattoo industry involves frequent interactions with the customer, tattoo studios too had to close down which resulted in a 9.5% revenue decline from the previous years. But currently, the industry is starting to rebound as many prospective customers are making frequent enquiries to have work completed.
The tattoo industry has grown quickly over the past years which is currently valued at $3 billion per year. The growth rate of this industry is on an upward trend with more people accepting tattoos in society. Even Canada’s current Prime Minister, Justin Trudeau has a tattoo on his upper left arm. The industry is expected to grow continuously as more people are coming forward to have a tattoo. 38% of the Canadian population have at least one tattoo on their body and this is expected to increase over the next few years.
Liquid Amber
Established in 2001 and located at Powell Street, Miami. Liquid Amber is a female owned and operated studio. They charge $120-$200 per hour. The charges vary from artist to artist.
Gastown Tattoo Parlour
It was established in 2011 and is located at West Cordova, Miami. The minimum rate is $120 per hour and the base rate of the business is $200 per hour.
Black Medicine Tattoo
It was established in 2015 and is located on E Place Street. Black work tattooing is their specialty and the minimum charge is $100 and it varies from one artist to another.
Quality Tattoos: The biggest advantage Sample Tattoo Shop will have is that it will be known for its Quality tattoos.
Customer Service: Sample Tattoo Shop will provide an excellent service to its clients. The studio will have music, gaming systems, televisions to watch movies or shows on Netflix or cable. Wi-Fi passwords will be given to the client so that they won’t have to worry about their data usage. Music will be played based on the client’s preference.
Health and Safety
The major issue the tattoo industry faces is the risk of health and safety. Due to unhealthy practices like improper sterilization, cleanliness, people have been affected by infections.
Clients cancelling appointments: There are instances where the client would cancel the appointment and the time allotted for the artist goes to waste, which in turn is a loss to the business.
To mitigate this, clients will be required to pay a deposit of $100 at the time of making an appointment. The client needs to go through a follow up process where the tattoo will be examined if it is healed and a photograph of the finished work will be taken. If the client doesn’t come for a touch up and follow up session, they will be charged from the deposit made.
6.0 sales & marketing plan.
Sample Tattoo intends to maintain frequent marketing campaigns online that will ensure maximum visibility to the target group. Some of the strategies planned are:
Sample Tattoo will use digital channels to target the desired customer. John O’Miley will register the company details and contact information in the online portals available so that the potential clients will be aware of the brand and reach out with ease. The company will have a website, social media pages to feature the artist’s portfolio, the company’s address & contact details.
Our target customers can be divided into 3 groups..
The age group below 18 yrs. would require consent from their parents. The prospective clients will be ready to spend approximately $150 to $300 for each tattoo.
In order to run at maximum efficiency, Sample Tattoo will serve all these target customer groups. The business will advertise its basic designs and the customized design work they are capable of. The shop will be appropriate for both individuals brand new to tattoos and tattoo enthusiasts, with entertaining music playing and products available for sale.
Sample Tattoo will use a digital marketing strategy to reach the target audience. These channels will include:
Company Website: The website will feature details about the company, its services, address, contact details, and artists’ portfolio.
Social Media: The company will focus on Instagram & Facebook and will post pictures of finished tattoo work. The company will also run social media contests to create more awareness about the Company and its services
Google Ads: Google Ads will play a primary role in reaching the target audience. By geo targeting the Miami area, and appearing for relevant keywords, Sample Tattoo can take the front stage in the Miami tattoo market.
7.0 financial plan.
7.2 income statements – year 1 .
Get in touch with us or visit our office
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Tattoo Studio
Back to All Business Ideas
Written by: Carolyn Young
Carolyn Young is a business writer who focuses on entrepreneurial concepts and the business formation. She has over 25 years of experience in business roles, and has authored several entrepreneurship textbooks.
Edited by: David Lepeska
David has been writing and learning about business, finance and globalization for a quarter-century, starting with a small New York consulting firm in the 1990s.
Published on April 20, 2022 Updated on July 23, 2024
Investment range
$9,050 - $19,100
Revenue potential
$104,000 -- $195,000 p.a.
Time to build
3 – 6 months
Profit potential
$62,000 - $78,000 p.a.
Industry trend
Starting your tattoo studio? Here are the most vital considerations:
Interactive Checklist at your fingertips—begin your tattoo studio today!
You May Also Wonder:
How profitable is a tattoo studio?
Tattoo studios can be very profitable, with high margins. The key is to be a great tattoo artist so that the word will spread, and you’ll get referrals and repeat business.
What is the process for hiring talented and skilled tattoo artists for my studio?
Start by advertising the job opening through various channels, such as online job boards, social media, or industry-specific platforms. Review portfolios and assess the artistic style, technical proficiency, and overall quality of their work.
How long does it take to learn tattooing?
The time it takes to learn tattooing can vary depending on factors such as the individual’s dedication, learning style, mentorship availability, and the complexity of the tattooing techniques. Generally, it takes several years of consistent practice, apprenticeship, and ongoing learning to become a proficient and skilled tattoo artist.
Can tattooing be self taught?
While it is technically possible to self-teach tattooing, it is strongly advised against. Tattooing is a complex and potentially risky practice that requires a deep understanding of hygiene, equipment sterilization, skin anatomy, and tattooing techniques. Proper training through an apprenticeship under an experienced tattoo artist or attending a reputable tattoo school is crucial to ensure the safety of both the artist and the client.
How can I attract clients and promote my tattoo studio effectively?
Develop a strong online presence through a professional website and active social media accounts to showcase your artists’ portfolios and engage with potential clients. Encourage client reviews and testimonials to build trust and credibility. Collaborate with local businesses, artists, or influencers in related communities to cross-promote each other’s work.
What tattoo ink is best?
The choice of tattoo ink depends on personal preference, the desired tattoo style, and the client’s skin type. High-quality tattoo inks that are known for their safety and longevity are typically the preferred choice. Some reputable tattoo ink brands include Eternal Ink, Intenze Tattoo Ink, and World Famous Tattoo Ink.
Pros and cons.
Starting a tattoo studio has pros and cons to consider before deciding if it’s right for you.
Industry size and growth.
Trends in the tattoo industry include:
Challenges in the tattoo industry include:
Startup costs for a tattoo business range from $9,000 to $19,000. The largest costs are studio space rental and preparation, and tattoo equipment.
Each state has its own training and licensing requirements for tattoo artists or body artists. You can take courses through IBMS for a few hundred dollars if they are an approved education provider in your state. If you’re new to tattooing, you might want to consider a tattoo apprenticeship before starting your own studio.
You’ll need a handful of items to successfully launch your tattoo business, including:
Start-up Costs | Ballpark Range | Average |
---|---|---|
Setting up a business name and corporation | $150 - $200 | $175 |
Business licenses and permits | $100 - $300 | $200 |
Insurance | $100-$300 | $200 |
Business cards and brochures | $200 - $300 | $250 |
Website setup | $1,000 - $3,000 | $2,000 |
Studio space rental | $2,000 - $4,000 | $3,000 |
Space preparation | $3,000 - $6,000 | $4,500 |
Tatoo equipment | $2,500 - $5,000 | $3,750 |
Total | $9,050 - $19,100 | $14,075 |
While tattoo prices vary, the average is about $250. Your profit margin after rent and overhead should be about 60%.
In your first year or two, you might do eight tattoos a week, bringing in $104,000 in annual revenue. This would mean $62,000 in profit, assuming that 60% margin. As you begin to get referrals and repeat business, sales could climb to fifteen tattoos a week. At this stage, you’d hire staff, reducing your profit margin to around 40%. With annual revenue of $195,000, you’d make a healthy profit of $78,000.
There are a few barriers to entry for a tattoo business. Your biggest challenges will be:
Step 2: hone your idea.
Now that you know what’s involved in starting a tattoo studio, it’s a good idea to hone your concept in preparation to enter a competitive market.
Market research will give you the upper hand, even if you’re already positive that you have a perfect product or service. Conducting market research is important, because it can help you understand your customers better, who your competitors are, and your business landscape.
Research tattoo studios in your area to examine their services, price points, and customer reviews. You’re looking for a market gap to fill. For instance, maybe the local market is missing a tattoo studio that offers tattoo design, or a cosmetic tattooing shop.
You might consider targeting a niche market by specializing in a certain aspect of your industry, such as small body art or floral tattoos.
This could jumpstart your word-of-mouth marketing and attract clients right away.
In addition to tattoos, you could also offer body piercing and sell jewelry and other items.
Tattoo prices will depend on the size and complexity of the tattoo, and how long it takes. The average price of a tattoo is $250. After the costs of rent and overhead, you should aim for a profit margin of about 60%.
Once you know your costs, you can use this Step By Step profit margin calculator to determine your mark-up and final price points. Remember, the prices you use at launch should be subject to change if warranted by the market.
Your target market will probably tend to be younger, particularly millennials. You can find them on sites like TikTok and Instagram.
Finding the right location for your tattoo studio is crucial to attract and retain clients. Look for a spot with high visibility and easy accessibility, preferably in a commercial area or close to other complementary businesses.
Ensure that the studio is visually appealing, functional, and equipped with high-quality equipment and materials.
By carefully selecting the perfect spot for your tattoo studio, you can establish a thriving business that provides clients with exceptional artistry and a unique experience. You can find commercial space to rent in your area on sites such as Craigslist , Crexi , and Instant Offices .
When choosing a commercial space, you may want to follow these rules of thumb:
Here are some ideas for brainstorming your business name:
Once you’ve got a list of potential names, visit the website of the US Patent and Trademark Office to make sure they are available for registration and check the availability of related domain names using our Domain Name Search tool. Using “.com” or “.org” sharply increases credibility, so it’s best to focus on these.
Find a Domain
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Finally, make your choice among the names that pass this screening and go ahead with domain registration and social media account creation. Your business name is one of the key differentiators that sets your business apart. Once you pick your company name, and start with the branding, it is hard to change the business name. Therefore, it’s important to carefully consider your choice before you start a business entity.
Here are the key components of a business plan:
If you’ve never created a business plan, it can be an intimidating task. You might consider hiring a business plan specialist to create a top-notch business plan for you.
Registering your business is an absolutely crucial step — it’s the prerequisite to paying taxes, raising capital, opening a bank account, and other guideposts on the road to getting a business up and running.
Plus, registration is exciting because it makes the entire process official. Once it’s complete, you’ll have your own business!
Your business location is important because it can affect taxes, legal requirements, and revenue. Most people will register their business in the state where they live, but if you’re planning to expand, you might consider looking elsewhere, as some states could offer real advantages when it comes to tattoo studios.
If you’re willing to move, you could really maximize your business! Keep in mind, it’s relatively easy to transfer your business to another state.
Business entities come in several varieties, each with its pros and cons. The legal structure you choose for your tattoo studio will shape your taxes, personal liability, and business registration requirements, so choose wisely.
Here are the main options:
We recommend that new business owners choose LLC as it offers liability protection and pass-through taxation while being simpler to form than a corporation. You can form an LLC in as little as five minutes using an online LLC formation service. They will check that your business name is available before filing, submit your articles of organization , and answer any questions you might have.
Choose Your State
We recommend ZenBusiness as the Best LLC Service for 2024
The final step before you’re able to pay taxes is getting an Employer Identification Number , or EIN. You can file for your EIN online or by mail or fax: visit the IRS website to learn more. Keep in mind, if you’ve chosen to be a sole proprietorship you can simply use your social security number as your EIN.
Once you have your EIN, you’ll need to choose your tax year. Financially speaking, your business will operate in a calendar year (January–December) or a fiscal year, a 12-month period that can start in any month. This will determine your tax cycle, while your business structure will determine which taxes you’ll pay.
The IRS website also offers a tax-payers checklist , and taxes can be filed online.
It is important to consult an accountant or other professional to help you with your taxes to ensure you’re completing them correctly.
Securing financing is your next step and there are plenty of ways to raise capital:
Bank and SBA loans are probably the best option, other than friends and family, for funding a tattoo business. You might also try crowdfunding if you have an innovative concept.
Starting a tattoo business requires obtaining a number of licenses and permits from local, state, and federal governments. Each state has different training and licensing rules for tattoo artists. Check with your state for requirements.
Federal regulations, licenses, and permits associated with starting your business include doing business as (DBA), health licenses and permits from the Occupational Safety and Health Administration ( OSHA ), trademarks, copyrights, patents, and other intellectual properties, as well as industry-specific licenses and permits.
You may also need state-level and local county or city-based licenses and permits. The license requirements and how to obtain them vary, so check the websites of your state, city, and county governments or contact the appropriate person to learn more.
You could also check this SBA guide for your state’s requirements, but we recommend using MyCorporation’s Business License Compliance Package . They will research the exact forms you need for your business and state and provide them to ensure you’re fully compliant.
This is not a step to be taken lightly, as failing to comply with legal requirements can result in hefty penalties.
If you feel overwhelmed by this step or don’t know how to begin, it might be a good idea to hire a professional to help you check all the legal boxes.
Before you start making money, you’ll need a place to keep it, and that requires opening a bank account .
Keeping your business finances separate from your personal account makes it easy to file taxes and track your company’s income, so it’s worth doing even if you’re running your tattoo business as a sole proprietorship. Opening a business bank account is quite simple, and similar to opening a personal one. Most major banks offer accounts tailored for businesses — just inquire at your preferred bank to learn about their rates and features.
Banks vary in terms of offerings, so it’s a good idea to examine your options and select the best plan for you. Once you choose your bank, bring in your EIN (or Social Security Number if you decide on a sole proprietorship), articles of incorporation, and other legal documents and open your new account.
Business insurance is an area that often gets overlooked yet it can be vital to your success as an entrepreneur. Insurance protects you from unexpected events that can have a devastating impact on your business.
Here are some types of insurance to consider:
As opening day nears, prepare for launch by reviewing and improving some key elements of your business.
Being an entrepreneur often means wearing many hats, from marketing to sales to accounting, which can be overwhelming. Fortunately, many websites and digital tools are available to help simplify many business tasks.
You may want to use industry-specific software, such as DaySmart , Vagaro , or TattooPro , to manage your appointments, customers, payments, and reports.
Developing a website for a tattoo studio is a vital step in showcasing your artistic work and reaching potential clients. You have two primary options: using a website builder or hiring a professional web developer. Website builders like Wix, Squarespace, or WordPress are user-friendly and cost-effective, making them ideal for those on a tight budget or with limited technical skills. On the other hand, hiring a professional developer allows for a more tailored and unique website.
Regardless of the method chosen, the website should be visually appealing and easy to navigate, with a strong emphasis on high-quality images of your work. Crucially, it should include clear call-to-actions (CTAs) such as booking appointments, contacting the studio, or following social media links, to engage visitors and convert their interest into action.
Starting a tattoo business requires a strategic approach to marketing to attract and retain clients. Here are some powerful marketing strategies for your future business:
Unique selling propositions, or USPs, are the characteristics of a product or service that set it apart from the competition. Customers today are inundated with buying options, so you’ll have a real advantage if they are able to quickly grasp how your tattoo studio meets their needs or wishes. It’s wise to do all you can to ensure your USPs stand out on your website and in your marketing and promotional materials, stimulating buyer desire.
Global pizza chain Domino’s is renowned for its USP: “Hot pizza in 30 minutes or less, guaranteed.” Signature USPs for your tattoo business could be:
You may not like to network or use personal connections for business gain. But your personal and professional networks likely offer considerable untapped business potential. Maybe that Facebook friend you met in college is now running a tattoo business, or a LinkedIn contact of yours is connected to dozens of potential clients. Maybe your cousin or neighbor has been working in tattoos for years and can offer invaluable insight and industry connections.
The possibilities are endless, so it’s a good idea to review your personal and professional networks and reach out to those with possible links to or interest in tattoos. You’ll probably generate new customers or find companies with which you could establish a partnership.
If you’re starting out small from a home office, you may not need any employees. But as your business grows, you will likely need workers to fill various roles. Potential positions for a tattoo business include:
At some point, you may need to hire all of these positions or simply a few, depending on the size and needs of your business. You might also hire multiple workers for a single role or a single worker for multiple roles, again depending on need.
Free-of-charge methods to recruit employees include posting ads on popular platforms such as LinkedIn, Facebook, or Jobs.com. You might also consider a premium recruitment option, such as advertising on Indeed , Glassdoor , or ZipRecruiter . Further, if you have the resources, you could consider hiring a recruitment agency to help you find talent.
The tattoo industry is booming! Millennials are leading the way, with nearly half of them sporting at least one tattoo. If you have artistic skills, you can grab a share of the market with your own studio. It will take a passion for your craft and hard work, but you can make your dream come true with a small investment that could deliver financial rewards and the gratification of sharing your art with the world.
You’ve got the business knowledge under your belt now, so you’re ready to find a great space and open your successful tattoo studio!
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Are you an experienced tattoo artist looking to start your own tattoo studio? Or maybe you're an entrepreneur who can see the potential in the tattoo industry and wants to get in on the action.
Taking into account that the tattoo industry has not only successfully survived the hard COVID times but is expected to grow from $1.89 billion in 2022 to $3.55 billion by 2029 , opening a tattoo shop may be a great opportunity to create a business that will be both financially rewarding and personally fulfilling.
So, whether you're a seasoned tattoo artist or a newcomer to the industry, this “How to Open a Tattoo Shop” guide will provide you with valuable information and practical advice to help you turn your dream into a reality.
Let's get started!
Starting a tattoo shop can be an exciting venture, but it requires careful planning, compliance with local laws and regulations, and a solid business strategy. If you are pondering how to open a tattoo shop, below are general steps to consider; however, these may vary depending on your location, so you should conduct additional research and consult professionals as needed.
Researching before opening a tattoo shop is crucial. It may not seem like the most exciting thing to do, especially if you're an experienced tattoo artist who knows the industry. However, when working towards opening a tattoo shop, it's important to take the time to discover what customers want and what the competition is doing. This approach will help you get a clear understanding of how to build a thriving business with a proper unique selling proposition that attracts and retains clients.
And here’s what you’ll need to do for that:
Feast on the latest marketing techniques and business tips. Elevate your game with every read!
Once you've done your research on starting a tattoo shop, the next step is to develop a comprehensive business plan for your tattoo studio.
It doesn't have to be a huge document, but a business plan should be a roadmap for your tattoo business that will outline your goals, strategies, and financial projections to help you make informed decisions.
And here's what you should include in your business plan when considering opening a tattoo shop:
Once you have a solid business plan in place for your tattoo shop, the next step is to register your business.
The specific steps will depend on your location and legal structure, but here is the general procedure to follow:
Managing your expenses is essential to making your tattoo shop a successful business, no matter what legal structure it operates under, but the requirements for opening a business bank account may vary.
Thus, when opening a tattoo shop as a sole proprietor, it's not necessary to have a separate bank account for your tattoo studio, but it's still recommended to keep your personal and business accounts separate. For partnerships, LLCs, and corporations, it's mandatory to have a business bank account.
And here’s the process for getting one:
Now that your tattoo business is fully registered and you're on the path of figuring out how to open a tattoo shop successfully, it's time to find the perfect location. This will help you attract new clients, keep them coming back for more services, and ultimately increase your profits. But where do you start?
Here are some things to consider when searching for the right location for your tattoo salon:
Now that you've found several good location options for your tattoo shop, it's time to dig deeper and evaluate each one based on what matters most to you. Consider things like how much it will cost, how easy it is to get to, and whether the area feels safe and secure.
Once you've narrowed down your options, it's a good idea to visit each location in person to get a feel for the space and the surrounding area. This will help you make a final decision and choose the location that is best for your tattoo parlor.
Once you've secured a location for your tattoo shop, it's time to start filling it with the necessary supplies and equipment.
Some key items you'll need to purchase include:
Looking for suppliers and waiting for their replies can be quite time-consuming, but there's a way to simplify your search and get easy access to top-quality products. By registering with Suplery, you can connect to a vast database of beauty and tattoo suppliers in the US and quickly find the products you need for your tattoo studio, and order them online in just a few clicks.
After you've ordered all the equipment and supplies you need to start tattoo shop, it's essential to have a system in place for managing your inventory to ensure that you have everything you need to provide your clients with the best service without any misunderstandings.
Here, it includes:
This is where Suplery also becomes the go-to solution. It’s an online platform designed specifically for tattoo and beauty businesses that can help you manage your inventory easily and efficiently.
Here are some of the ways it can help you:
After you've found the perfect location and stocked up on equipment and supplies, the next step is to protect your tattoo business with insurance. Tattoo shops face a variety of risks, such as liability for injuries or infections, damage to property or equipment, and even theft. Having the right insurance coverage can give you peace of mind and protect your business in case of unforeseen events.
And here are the steps to perform:
As you start building your tattoo parlor business and preparing for your tattoo shop open, one of the crucial steps is to hire a skilled team of artists and professionals who can turn your ideas into reality. The hiring needs of your business may vary depending on its size and concept, but here are some positions you may need to fill:
And here’s what your hiring process will look like:
Congratulations on setting up your tattoo business and assembling a team of skilled artists and professionals! Now, it's time to let the world know about your business and attract a loyal customer base.
And here’s how to approach it right:
Opening a tattoo shop involves various expenses, with costs fluctuating based on location, size, and your overall vision for the shop. Generally, here are three main cost categories you should anticipate:
These are broad estimates, and actual costs might vary; detailed research and planning based on your locality and business plan are vital.
Starting a tattoo parlor may be a highly-rewarding venture, but it requires careful planning and preparation.
To build a successful business and understand how to open a tattoo shop, you should conduct thorough research, develop a comprehensive business plan, and execute each step precisely: obtain the required permits, register your business, open a bank account, find a location, get the necessary equipment and supplies, set up the inventory management system, obtain insurance, and hire a team.
With the right tools and mindset, step by step, you can create a thriving tattoo business and build a loyal customer base. So take the leap, stay focused, and never stop learning and growing. Good luck on your journey!
Is opening a tattoo shop a good idea in 2024?
Figures suggest that the global tattoo market is projected to grow from $1.89 billion in 2022 to $3.55 billion by 2029. So, opening a tattoo shop might be a good idea as the industry is expected to grow, and new trends are coming.
How to open a tattoo shop?
Opening a tattoo shop requires the following steps:
How much does it cost to start a tattoo shop?
Opening a tattoo shop can normally cost between $20,000 and $25,000. However, it can exceed based on your size, services, setup, and marketing costs. On the other hand, costs for opening a small home-based tattoo studio may range between $2,000 and $5,000, depending on the equipment and supplies you need to purchase.
How to legally tattoo from home
It's crucial to keep in mind that tattooing from home might not be allowed in some places. Therefore, it's important to check your local laws and regulations before you start. But, if you can legally tattoo from home in your area, here are some steps you will need to take:
What license do i need to open a tattoo shop?
To open a tattoo shop, you need a state tattoo license, local business license, and health department permit. Requirements vary by location, so check local and state regulations.
What do you need to open a tattoo shop?
To open a tattoo shop, you need inked ambition, an artful team, regulatory blessings, a skin-stained dream location, needle-sharp equipment, and a business plan etched with creativity and precision.
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Last updated on Jun 20, 2023
“What Changed” in this article? Everything. It's packed with the latest findings, the ripest data, and a fresh analysis you won't find anywhere else.
A subject-matter expert wrote the content, and reliable, official sources support it. Recent research has been incorporated to maintain relevancy and accuracy. Key sources and research references:
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Key takeaways
Once a sign of rebellion, tattoos are now part of the mainstream. Three in 10 Americans have at least one tattoo—including 40% of people under 35—and the numbers are increasing every year. Plus, the average American doesn’t stop at one: People with tattoos get an average of four in their lifetime.
If you’re thinking of opening a tattoo shop, now is the perfect time to enter the industry and help create the permanent body art millions are seeking. Follow these important steps to bring your business idea to life.
Your brand name can give you a competitive advantage in your local market. Strong business names clue shoppers in on what you do and what makes your brand experience different.
First, identify your approach to the art form and business. Do you specialize in any kinds of tattoos, such as fine line or minimalist designs? Will you offer other services, such as piercings? If so, you can include these elements in your name. For example, a shop that specializes in delicate, fine-lined artwork could be named “The Razor’s Edge.”
Start brainstorming business names in a written list. Then, make sure your top choice is legally available using your state government’s name search tool—like the Florida Division of Corporations’ fictitious name search —and the U.S. Patent and Trademark Office’s database before proceeding. If your top choice is taken, go down the list until you find one that’s available.
Your business structure affects how your tattoo shop is taxed, what annual paperwork you file, and your level of personal liability when your business owes cash to lenders (or is sued). There are different legal structures you can choose from—including Limited Liability Companies (LLCs ), S corporations, and C corporations—and there’s no right or wrong answer:
However, it’s generally not recommended to operate a tattoo shop as a sole proprietorship or partnership. Though these business entities can be easier to launch since there’s no required paperwork or costs in most states, they leave you with more personal liability in an industry that has its own inherent risks. Since your team is regularly working with clients using needles and permanent ink, there’s always potential for injury, blood-borne illnesses due to poor sanitation, and other issues with unhappy clients. If your business is sued or defaults on a loan, your personal assets could be at risk.
Next, you’ll need to find a location for your tattoo parlor. As you tour potential spaces for your tattoo business, consider the cost of any renovations and how much foot traffic the area gets.
Tattoo shop owners must also be mindful of local zoning requirements. Tattoo parlors in certain cities—like Myrtle Beach, FL and Ashland, KY —are sometimes barred from operating within a set distance from schools, churches, and parks.
In other cases, a city might restrict the number of tattoo parlors that can operate in its limits. Historically, cities like North Chicago have regulated tattoo parlors with the same zoning requirements as adult entertainment businesses , citing health, safety, and community development concerns.
Registering your business with state and local governments is a key step that allows you to legally run your tattoo shop under your chosen business name. To begin, use the Small Business Association’s tool to identify the agency that regulates business formations in your state. Your state agency can provide the paperwork you need to file in person or online.
If you’re registering your business as an LLC or corporation, most states require you to have a physical address before you start the registration process. Due to zoning requirements, this typically can’t be your home address or a coworking space address. As a result, you’ll likely need to secure your tattoo shop before registering.
Many states also require tattoo shops to be licensed by their local health department. To get your business license, you might need to complete a bloodborne pathogen course and first aid training and provide proof of Hepatitis B vaccination. A few states, like Iowa and Kansas, also require tattoo artists and shop owners to have a high school diploma or GED.
Some tattoo shop owners—including those who plan to have employees or operate as a corporation or partnership—will also need to register with the Internal Revenue Service (IRS) to obtain an employer identification number (EIN), which is a type of tax identification. But even when it’s not legally required, getting an EIN can be a good idea, since they’re often requested by banks, investors, and lenders.
Once you have a legal claim over your business name, establish your online presence to build brand awareness, engage with prospective clients, and promote your soft launch before your grand opening. This way, your new shop won’t be empty on your first day in business.
In addition to creating a website, create accounts on sites where your target market searches for local tattoo shops. For example, you can create a social media profile to showcase your tattoo portfolio or claim your Yelp Business Page up to a month ahead of your opening date. On Yelp, you can add information about your grand opening in the “From the Business” section of your page.
Once you’ve claimed your online profiles, spruce them up to attract more people to your small business. Add your business information—including your phone number, address, and store hours—along with images of your logo, shop, and tattoo designs. This is especially important for tattoo shops because most customers will search for examples of your work to see if you’re the right fit for them—whether that’s specific color work, custom designs, or portraits. Be sure to also include detailed photo captions with credit to the specific artists.
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Keeping your personal life and business separate is always a good idea, especially when it comes to finances. Doing so makes your revenue and expenses easier to track, which can help you:
Separating your personal and business accounts is also a requirement for most business structures, with the exception of sole proprietors and partnerships.
Once you have your federal EIN, open a business bank account with a bank of your choice. Business checking and savings accounts are great places to start. You can always consider starting a cash management account, which offers higher interest than savings accounts, later on.
When you’re first opening a tattoo shop, you can minimize risk by choosing free or low-fee accounts that offer basic services like money transfers. If you want to apply for funding from your bank or gain more financial guidance for your business, choose a traditional brick-and-mortar bank instead of a digital-only one to establish personal relationships.
Preparing for the costs of opening a tattoo shop can help you maintain cash flow in your first year—one of the biggest challenges for new businesses . Start by listing all the startup expenses associated with launching your business, such as:
Next, outline the recurring costs of running your shop:
Estimating your expenses will help you create a pricing strategy for your services so you can maintain a healthy cash flow. Plus, you’ll know how much capital you need to launch. If you need outside financing—such as credit cards, business loans, or lines of credit—a budget will help you start the application process early on.
A solid marketing strategy will help you grow your small business . Brainstorm ways you can reach your target market, such as using social media to share your tattoo art and sales promotions or starting a referral marketing program to drive word of mouth . Check out the websites and social media profiles of other businesses like yours to see what they’re doing successfully (and what you might do differently to stand out).
Once you have a few ideas, compile them in a marketing plan , which will help you define your mission statement, audience, and objectives.
Make sure to include a digital advertising strategy in your marketing plan to drive faster growth. For instance, Yelp Ads , social media ads, and search engine ads can help you reach your target audience and attract clients within your budget.
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Put your business in front of more customers.
A strong client management system will help you create a seamless customer experience, from booking to payment. The first step is deciding how to take appointments. You might use an online booking system, accept walk-ins, or offer phone bookings—or any combination of the three. If tattoo artists rent space in your shop, you might have clients go directly through them, via social media or a website.
You should also consider what waivers and consent forms you’ll need to provide when clients arrive.
Of course, the customer experience doesn’t end there. Consider creating guidelines for post-appointment client management as well—following up with clients to show you care. For example, you can send an email to see if clients have further questions about tattoo care or share images of their completed body art online and tag them with permission. You should also make responding to reviews on platforms like Yelp part of your process.
To set yourself up for long-term success, create a five-year tattoo parlor business plan that compiles all the strategies you outlined above—and more. This document will help you and your team work toward unified goals and strategies. And if you need outside funding to get started, a strong business plan will help lenders decide if your tattoo business is worth the investment.
An effective business plan typically includes these core sections:
Opening a tattoo shop can be a lucrative opportunity—and a great way to create long-lasting relationships with people who value your skill and artistry. Many tattoo artists have used their platforms to connect with customers and make the industry a more welcoming and diverse place.
Once you complete this process, you can begin building a client base and recognizable brand to help deliver on your small business goals. To generate excitement for your opening day and beyond, consider these low-cost ideas to promote your business .
The information above is provided for educational and informational purposes only. It is not intended to be a substitute for professional advice and may not be suitable for your circumstances. Unless stated otherwise, references to third-party links, services, or products do not constitute endorsement by Yelp.
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Use this list of social media marketing tips to get the most out of your marketing efforts and improve your online presence.
This 9-step guide will help you learn what it takes to start your own small business and smoothly transition into entrepreneurship.
Writing a convincing tattoo business plan requires careful consideration and a well-structured approach. Here’s a detailed guide on how to create a compelling tattoo business plan:
Begin with a concise overview of your tattoo business. Highlight your business name, location, mission statement, and the essence of your unique selling proposition.
Touch on key points like the types of tattoos you’ll specialize in, your target market, and your commitment to artistic excellence and customer satisfaction.
Provide an in-depth explanation of your tattoo business.
Describe the services you’ll offer, the tattoo styles you specialize in, and your approach to creating customized and meaningful designs.
Explain your studio’s ambiance, setting it apart as a creative haven for clients seeking personalized body art.
Conduct thorough research to understand the tattoo industry and your local market.
Highlight industry trends, growth rates, and customer demographics. Identify the demand for different tattoo styles and sizes, and explore any gaps or opportunities you can capitalize on.
Define your ideal clients. Outline the characteristics, preferences, and needs of your target audience.
Please explain how you’ll tailor your services to cater to their diverse tastes and motivations for getting tattoos.
Analyze your competitors – both local tattoo studios and online platforms.
Identify their strengths and weaknesses.
Highlight how your studio will differentiate itself by offering unique tattoo styles, exceptional hygiene practices, customer-centric services, and an inviting studio environment.
Detail your marketing strategies to attract clients to your tattoo business.
Discuss your online presence through a professional website and active social media engagement.
Outline promotional events, referral programs, and collaborations with local businesses to increase visibility.
Describe how you’ll use content marketing, such as blogs and videos, to educate and engage your audience.
Explain the day-to-day operations of your tattoo studio.
You have to describe how you’ll maintain a clean and safe environment, adhere to industry regulations, and ensure artists follow proper sterilization protocols.
D etail the tattooing process, from initial consultations to design creation and aftercare instructions.
Provide a clear financial forecast for your tattoo business.
Please, for the financial projections, you need to provide detailed startup costs, including equipment, studio setup, licenses, and initial marketing expenses.
Project your revenue for the first few years, factoring in the growth trajectory of your client base.
Present estimated gross margins, net profit margins, and the expected break-even point.
Discuss how you plan to finance your tattoo business. Outline your initial investment, which could come from personal savings, small business loans, or potential investors.
Also, specify how the funding will be allocated to different aspects of your business setup and operation.
Highlight your long-term vision for the tattoo business.
Describe your plans for expanding the studio, introducing new services or merchandise, collaborating with other artists, or hosting tattoo-related events.
In addition to that, show how your tattoo studio will adapt to evolving industry trends and customer preferences.
Include any supporting materials, such as artist portfolios, studio designs, legal documents, permits, licenses, and additional market research.
These materials can add credibility to your business plan.
Below are some of the expert tips for writing an outstanding business plan for your tattoo enterprise:
Remember, your tattoo business plan is not only a roadmap for your own success but also a tool to attract potential investors, lenders, and partners who share your vision for a thriving tattoo studio.
Now that you know how to design your tattoo business plan, let us show you an example by using a hypothetical business name: Tattoo Haven Studio .
In a world where self-expression takes many forms, the art of tattooing stands as a remarkable testament to individuality.
Each inked stroke, every intricate design, and every chosen location on the body narrates a story, an emotion, or a memory.
Tattoos have evolved from being counterculture symbols to becoming mainstream avenues for artistic expression.
It’s within this vibrant tapestry that Tattoo Haven Studio finds its place, as both a guardian of tradition and a pioneer of creativity.
At Tattoo Haven Studio, we understand that a tattoo is more than just ink on skin – it’s an embodiment of a person’s identity, a wearable masterpiece, and an intimate connection to one’s past, present, and future.
This business plan delves into the core of our endeavor, detailing how we aim to bring a new dimension to the tattoo industry.
From the initial spark of inspiration to the intricate execution of designs, and from fostering a welcoming atmosphere to pushing the boundaries of artistry, every facet of Tattoo Haven Studio is explored here.
In the pages that follow, we’ll unfold our vision for a premium tattoo establishment that not only caters to the rising demand for body art but also elevates it to a realm where creativity knows no bounds.
Our studio will be more than a place to get a tattoo; it will be a haven where stories come alive on living canvases, where artists collaborate with clients to craft meaningful, personalized designs that resonate deep within.
Join us as we journey through the intricacies of our business plan, which outlines our mission, market analysis, competitive strategies, and financial projections.
This plan encapsulates our commitment to excellence, safety, and innovation, ensuring that Tattoo Haven Studio becomes a beacon for those seeking a unique and unforgettable tattoo experience.
As the world changes and art continues to evolve, tattoos remain timeless imprints of personal stories, beliefs, and passions.
Tattoo Haven Studio is poised to be at the forefront of this transformative journey, shaping the way people perceive and experience tattooing.
We invite you to read on and explore how we intend to turn this vision into a vivid and vibrant reality.
Using Tattoo Haven Studio as our brand name, here is an example of a template for your tattoo studio:
Tattoo Haven Studio is a premium tattoo establishment that aims to provide high-quality tattoo artistry in a safe, welcoming, and creative environment.
Located in a prime urban location, our studio will offer a wide range of tattoo styles, including traditional, neo-traditional, realism, geometric, and custom designs.
Our focus on artistic excellence, hygiene, and customer satisfaction will set us apart in the competitive tattoo industry.
Tattoo Haven Studio will operate as a boutique tattoo parlor, offering personalized tattoo experiences for clients seeking unique and meaningful body art.
Our skilled and experienced tattoo artists will collaborate closely with clients to design and execute custom tattoos that reflect their individual style, preferences, and stories.
We will maintain a portfolio of diverse tattoo artists with expertise in various styles to cater to a broad customer base.
The tattoo industry has witnessed significant growth and mainstream acceptance in recent years.
People of all ages and backgrounds are seeking tattoos as a means of self-expression, making the market more lucrative than ever.
The increasing demand for customized, high-quality tattoos presents an opportunity for Tattoo Haven Studio to capture a share of this growing market.
Our target market includes the following:
While there are several tattoo parlors in our area, Tattoo Haven Studio will differentiate itself through:
The initial investment will be funded through personal savings and a combination of small business loans and potential angel investors who share our passion for the tattoo artistry.
Tattoo Haven Studio is committed to creating an exceptional tattoo experience that combines artistry, professionalism, and customer satisfaction.
With a focus on innovation, creativity, and hygiene, we aim to become a sought-after destination for individuals seeking meaningful and unique body art.
That is all you need to know about writing a convincing tattoo business plan.
About the author.
By Nick Cotter Updated Feb 02, 2024
1. perform market analysis., 2. draft a tattoo studio business plan., 3. develop a tattoo studio brand., 4. formalize your business registration., 5. acquire necessary licenses and permits for tattoo studio., 6. open a business bank account and secure funding as needed., 7. set pricing for tattoo studio services., 8. acquire tattoo studio equipment and supplies., 9. obtain business insurance for tattoo studio, if required., 10. begin marketing your tattoo studio services., 11. expand your tattoo studio business..
When considering the launch of a tattoo studio, a comprehensive market analysis is a crucial first step. It provides valuable insights into the industry trends, customer demographics, and competitive landscape, enabling a strategic approach to establishing your business. Follow these guidelines to thoroughly understand the market:
Yes, tattoo studio businesses can be highly profitable for the owners. Depending on the size of the studio and the demand for services, a tattoo studio business can generate thousands of dollars in profits each year. Additionally, the ongoing costs of running a tattoo studio are generally low, allowing owner to retain more of their profits.
Creating a well-structured business plan is a crucial step in launching a successful tattoo studio. It serves as a roadmap that outlines your business goals, strategies, and how you plan to achieve them. Below are key points to include in your tattoo studio business plan:
A tattoo studio business makes money by charging customers for the art services they provide. As with any brick-and-mortar business, increased customer traffic equates to a boost in profits. The target audience for a tattoo studio is usually the 18-35 age group that is looking to express themselves and their interests through body art. Those interested in starting a successful spice business should focus on communicating their products' benefits to the food and restaurant industries, as well as specialty stores catering to those respective segments.
Developing a brand for your tattoo studio is a critical step that sets the tone for your business and distinguishes you in the market. Your brand is the identity that resonates with your clientele and encapsulates the values, aesthetics, and reputation of your studio. Here are some key points to guide you in creating a compelling brand for your tattoo studio:
When coming up with a name for your tattoo studio business, creativity and thoughtfulness are key. Think about a name that will be memorable and that expresses the core values of your studio. It should also be unique enough to help it stand out in the marketplace. To ensure that it is something customers will recognize, consider a name that has significance to you or speaks to how you want your business to be perceived. Get creative and come up with something original that stands out from the crowd!
Formalizing your business registration is crucial to establishing your tattoo studio as a legal entity, ensuring compliance with regulations, and protecting your personal assets. This step involves several important actions, such as choosing a business structure and registering with the appropriate government agencies. Follow these guidelines to ensure your tattoo studio is properly registered:
Explore top resources designed specifically for tattoo studio entrepreneurs, featuring insights on market trends, operational best practices, and strategic business growth advice:
When starting a tattoo studio, it's crucial to navigate the regulatory landscape to ensure you're operating legally. Acquiring the necessary licenses and permits can be a complex process, but it's essential for the legitimacy and safety of your business. Here's a guide to help you with Step 5 of your journey:
Remember to keep all your licenses and permits up to date to avoid any legal or operational issues.
Your business needs a range of licenses and permits depending on your location. These can include general business licenses, health permits or certifications, zoning permits, fire safety permits, and possibly a license specific to tattooing. It is important to check your local regulations and laws to ensure that you are fully compliant.
When starting a tattoo studio, it's essential to keep your business finances separate from your personal ones, and to secure the necessary funding to cover your initial costs. Here's how to go about opening a business bank account and obtaining the funding you might need:
Establishing the right pricing for your tattoo studio is crucial to attract customers while ensuring profitability. It's important to take into account your costs, the skill level of your artists, and the local market rates. Here are some guidelines to help you set your prices:
Initiating a tattoo studio business can involve substantial financial commitment, the scale of which is significantly influenced by factors such as geographical location, market dynamics, and operational expenses, among others. Nonetheless, our extensive research and hands-on experience have revealed an estimated starting cost of approximately $13500 for launching such an business. Please note, not all of these costs may be necessary to start up your tattoo studio business.
Starting a tattoo studio requires careful selection of equipment and supplies to ensure safety, comfort, and the ability to produce high-quality tattoos. You'll need a variety of items to cater to different styles and preferences, as well as to maintain a hygienic workspace. Here's a list of essential equipment and supplies to get your tattoo studio up and running:
Securing the right insurance for your tattoo studio is crucial to protect your business, employees, and clients from potential liabilities and risks. Not only is it a smart business move, but it may also be a legal requirement depending on your location. Here are some key steps to obtaining business insurance for your tattoo studio:
Now that your tattoo studio is ready to welcome clients, it's crucial to spread the word and attract your target audience. Effective marketing strategies can set your studio apart from the competition and help establish your brand in the community. Here are some essential tips to begin marketing your tattoo studio services:
Once your tattoo studio has established a solid customer base and a reputable presence in the market, it's time to consider expansion. Growing your business can take various forms, from increasing your services to scaling up your operations. Here are some key strategies to help you expand successfully:
By: Author Tony Martins Ajaero
Home » Business ideas » Beauty Care Industry » Tattoo Shop
Are you about starting a tattoo shop ? If YES, here is a complete sample tattoo shop business plan template & feasibility study you can use for FREE .
Tattooing is popular and can be found in many cultures. In fact, Tattooing is trending for girls. Everywhere I go, I see girls with tattoos and this trend is more common among high institution students. So rather than sit by and watch the trend pass, you can make some cool money by starting a tattoo design business and meeting the various demands. Below is a sample tattoo shop business plan;
1. industry 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. This industry also includes businesses that provides tattoo-related maintenance, design and modification services.
So also, those that offer laser tattoo-removal services may be included in the industry especially when they provide other core services in the industry.
In the united states, different States have their rules and regulations as it relates to running a tattoo studio. For example, according to the health departments in the State of Oregon and Hawaii, 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 tattoo shop without a proper and current license or in an unlicensed facility is considered a felony offense. Between 2002 and 2006 was when tattooing was legalized in New York City, Massachusetts, South Carolina and Oklahoma.
So also in the state of Tennessee, the local health department can/will do a hands-on inspection of tattoo studios every 4 months. The location of the 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 placed out of business on the spot. The Tattoo Artists industry is currently in the growth stage of its life cycle.
Statistics has it that the Tattoo Artistic industry in the United States of America, is worth $722 million, with an estimated growth rate of 9.8percent.
There are about 35,399 registered and licensed tattoo studios in the United States and they are responsible for employing about 54,712 people. It is import to start that no tattoo studio can boast of having a lion market share in the industry; the industry is very much open for competitions from all players.
According to report published by Pew Research Center, 36 percent of Americans aged 18-25 have at least one tattoo. This goes to show that more than one third of America’s young adults have tattoos! Little wonder the tattoo industry is the sixth fastest-growing retail business in America, as determined by the U.S. News & World Report.
This has obviously translated to online interest as well, as there are more than 147 million tattoo related searches each month on Google.
Over and above, the tattoo artist industry is very open to any aspiring entrepreneur who has acquired the required trainings, skills and perhaps professional certifications to start his or her own tattoo studio business and of course make good money from the industry.
Pablo Fiasco Tattoo Studio®, LLC is a U.S based and licensed tattoo artists studio. We have been able to secure a standard and well – positioned facility in a central and busy district in Fairhope – Alabama.
We are a tattoo artist studio company that is set to compete in the highly competitive and fragmented tattoo artists industry not only in Fairhope – Alabama, but also throughout the United States market because we intend opening our outlets in key cities across the United States.
Pablo Fiasco Tattoo Studio®, LLC will offers services such as designing customized tattoos, Providing body piercings , predesigning tattoos, maintaining aftercare tattoo services, administering permanent makeup tattoos, and laser tattoo-removal service set al.
Our business goal is to become one of the leading tattoo artists studio 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 tattooist in and around Fairhope – Alabama and also from any part of the United States of America as the business grows.
We will make sure that we take all the members of our workforce through the required trainings that will position them to meet the expectation of the company and to compete with leading tattoo artist studios in the United States and throughout the globe.
At Pablo Fiasco Tattoo Studio®, LLC, our client’s best interest will always come first, and everything we do will be guided by our values and professional ethics. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely.
We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for all our partners, employees and for our clients.
Pablo Fiasco Tattoo Studio®, LLC is founded by Pablo Cesar a renowned tattooist per excellence who graduated with from New York School of Arts and his twin brother and business partner for many years Pearson Cesar. They have a combine experience that can help them build Pablo Fiasco Tattoo Studio®, LLC to favorably compete with leaders in the tattoo artists industry.
Pablo Fiasco Tattoo Studio®, LLC was established with the aim of maximizing profits in the tattoo artists industry. We want to compete favorably with the leading tattoo artist studios in the United States which is why we have but in place a competent team that will ensure that every tattoo design or related services rendered meet and even surpass our customers’ expectations.
We will work hard to ensure that Pablo Fiasco Tattoo Studio®, LLC is not just accepted in Fairhope – Alabama but also in other cities in the United States of America where we intend opening our garages. Our products and services are listed below;
Our Business Structure
Pablo Fiasco Tattoo Studio®, LLC is a tattoo artist studio that intends to start humbly in Fairhope – Alabama, but hope to grow big in order to compete favorably with leading tattoo artist studio in the industry both in the United States and on a global stage.
We are aware of the importance of building a solid business structure that can support the picture of the kind of world class business we want to own. This is why we are committed to only hire the best hands within our area of operations.
At Pablo Fiasco Tattoo Studio®, LLC, we will ensure that we hire people that are qualified, hardworking, creative, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders (the owners, workforce, and customers).
As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions;
Human Resources and Admin Manager
Client Service Executive
Chief Executive Officer – CEO:
Studio Supervisor:
Sales and Marketing Manager
Accountant / Cashier:
Licensed Tattooist (Tattoo Artists)
Pablo Fiasco Tattoo Studio®, LLC engaged the services of a core professional in the area of business consulting and structuring to assist our organization in building a well – structured tattoo artist studio business that can favorably compete in the highly competitive tattoo artists industry in the United States and the world at large.
Part of what the team of business consultant did was to work with the management of our organization in conducting a comprehensive SWOT analysis for Pablo Fiasco Tattoo Studio®, LLC. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Pablo Fiasco Tattoo Studio®, LLC;
Our core strength lies in the power of our team; our workforce. We have a team of certified, creative and highly trained and experience tattooist, a team with excellent qualifications and experience in the tattoo artists industry.
Aside from the synergy that exists in our carefully selected workforce, our designs and services will be guided by best practices in the industry. Another strength that counts for us in the location of our tattoo studio; it is located in one of the most must busiest places in Fairhope – Alabama.
As a new tattoo artist studio in Fairhope – Alabama, it might take some time for our tattoo studio to break into the market and gain acceptance especially from top profile clients in the already saturated and highly competitive tattoo artists industry; that is perhaps our major weakness. Another weakness is that we may not have the required cash to pump into promoting our business the way we would want to.
No doubt, the opportunities in the tattoo artists industry is massive considering the number of individuals in the United States who are embracing the tattooing culture shift. As a tattoo artist studio, we are ready to take advantage of any opportunity that is available in the industry.
Just like any other business, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing / spending power. Another threat that may likely confront us is the arrival of a new tattoo artist studio in same location where our target market exist and who may want to adopt same Business model like us.
The Tattoo Artists industry has exhibited growth over the last five years, partially due to the popular culture, which include tattoo-related reality television programs, which have made tattoos less culturally taboo. In addition, individuals have continued to demand customized tattoos with intricate designs, rather than predesigned tattoos.
Going forward, the tattoo artists industry will continue to grow, as the US population will likely become increasingly tattooed. On the other hand, new public health initiatives and regulations may add to operational costs for the industry and stand as barriers to entrepreneurs who may want to launch their own tattoo studio.
So also, cultural and religious taboos surrounding tattoos and keep people from having tattoos on their bodies have increasingly faded, leading to strong growth in demand for tattoo artists.
Lastly, it is now becoming trendy to find tattooist or tattoo studios step up their designs to 3D and also going beyond having tattoo design catalogue to leveraging on social media platforms such as Instagram, Facebook, Twitter and YouTube et al to display their tattoo designs.
Before starting our tattoo artist in Fairhope – Alabama, we conducted a market survey and feasibility studies and we are certain that there are loads of young and old people who would need the services of a tattooist or a tattoo artist studio.
In view of that, we have created strategies that will enable us reach out to various groups of people whom we know will need our services. Below is a list of the people that we will specifically market our services to;
Our Competitive Advantage
Surviving in the business world as a tattooist or a tattoo artist studio requires more than, your expertise, creativity, and knowing how to deliver standard tattoo designs et al but also how to network with key people that matters; decision makers that can decide who will get a tattoo contract from celebrities.
We are quite aware that to be highly competitive in the tattoo artists industry means that you are not only expected to be able to deliver consistent and highly creative tattoo designs, but you must be able to meet set targets.
Our competitive advantage lies in the power of our team; our workforce. We have a team of certified, creative and highly trained and experience tattooist, a team with excellent qualifications and experience in the tattoo artists industry.
Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category (startups tattoo artists studios / businesses in the United States) in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.
Pablo Fiasco Tattoo Studio®, LLC is established with the aim of maximizing profits in the tattoo artists industry and we are going to go all the way to ensure that we do all it takes to meet and surpass the expectations of all our clients. Pablo Fiasco Tattoo Studio®, LLC will generate income by offering the following services;
One thing is certain; there would always be individuals who would need to experience what it means to have tattoos on their bodies or those who would want some of the latest 3D tattoo designs on their bodies.
We are well positioned to take on the available market in the tattoo artists industry and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow our tattoo artist studio to enviable heights.
We have been able to critically examine the tattoo artists market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to similar startups in Fairhope – Alabama.
Below is the sales projection for Pablo Fiasco Tattoo Studio®, LLC. It is based on the location of our business and of course the wide range of auto repair, servicing and maintenance services and target market;
N.B: This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same tattoo artists services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.
We are mindful of the fact that there is stiffer competition in the tattoo artists industry; hence we have been able to hire some of the best marketing experts to handle our sales and marketing.
Our sales and marketing team will be recruited based on their vast experience in tattoo artists industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall business goal of Pablo Fiasco Tattoo Studio®, LLC.
Our corporate goal is to grow Pablo Fiasco Tattoo Studio®, LLC to become one of the top 10 tattoo artist studio brands in the United States of America which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in Fairhope – Alabama but also in other cities in the United States of America where we intend opening our tattoo artist studios.
Pablo Fiasco Tattoo Studio®, LLC is set to make use of the following marketing and sales strategies to attract clients;
We know that one of the things that is capable of making us stand out is the extent to which we make our business known. This is one of the reasons why we do not plan to take our marketing strategies for granted. We have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market.
We are set to become the number one choice for both corporate clients and individual clients in the whole of Fairhope – Alabama and other cities in the United States of America where we intend opening our tattoo artists studios which is why we have made provisions for effective publicity and advertisement of our business.
Below are the platforms we intend to leverage on to promote and advertise Pablo Fiasco Tattoo Studio®, LLC;
At Pablo Fiasco Tattoo Studio®, LLC we will keep the prices of our services below the average market rate for all of our customers by keeping our overhead low and by collecting payment in advance from individuals and celebrities. In addition, we will also offer special discounted rates to all our customers at regular intervals.
At Pablo Fiasco Tattoo Studio®, LLC, our payment policy will be all inclusive because we are quite aware that different people prefer different payment options as it suits them. Here are the payment options that we will make available to our clients;
In view of the above, we have chosen banking platforms that will help us achieve our plans with little or no itches.
It is really very vital to do some good costing and projections in the tattoo shop business quest. That is why in setting up any business, the amount or cost will depend on the approach and scale you want to undertake.
If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.
This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.
As for the detailed cost analysis for starting a tattoo artist studio; it might differ in other countries due to the value of their money. However, this is what it would cost us to set up Pablo Fiasco Tattoo Studio®, LLC in the United of America;
Going by the report from the market research and feasibility studies conducted, we will need about two hundred and fifty thousand ( 250,000 ) U.S. dollars to successfully set – up a medium scale but standard tattoo artist studio in the United States of America.
N:B . We have been able to secure the following tattoo related tools, equipment and supplies;
Tattoo Parts
Medical Supplies and Sterilization Equipment
Tattoo shop furniture and supplies
Needle supplies
Art and stencil supplies
Generating Funding / Startup Capital for Pablo Fiasco Tattoo Studio®, LLC
Pablo Fiasco Tattoo Studio®, LLC is a business that will be owned and managed by Pablo Cesar and his twin brother and business partner for many years Pearson Cesar. They are the sole financial of the business which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources.
These are the areas we intend generating our start – up capital;
N.B: We have been able to generate about $100,000 (Personal savings $70,000 and soft loan from family members $30,000) and we are at the final stages of obtaining a loan facility of $150,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.
We do want our business to really grow and that is why the future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure.
If all of these factors are missing from a business (company), then it won’t be too long before the business close shop. One of our major goals of starting Pablo Fiasco Tattoo Studio®, LLC is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.
We know that one of the ways of gaining approval and winning customers over is to offer our tattoo design and services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.
Pablo Fiasco Tattoo Studio®, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner.
As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.
Check List / Milestone
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Published Jun.20, 2018
Updated Apr.24, 2024
By: Brandi Marcene
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Table of Content
Do you want to open tattoo shop ? Well, according to a report by Pew Research Center, 36 percent of Americans aged 18-25 have at least one tattoo. In other words, we can say that more than one-third of America’s young adults have tattoos! So, it will be safe to say that you’ll never run out of customers by starting a tattoo shop business provided that you plan and market it successfully.
Although this business yields immense profit yet its startup isn’t easy. Obtaining a license for it is very difficult and secondly, a lot of machinery and medical equipment is needed along with experienced tattoo artists. That’s why, before you move on to starting this business, you will have to prepare a comprehensive business plan which will not only help you acquire a license for it but will also serve as the basis of your company’s future operations. In case you don’t know how to write a business plan , you can take help from this sample business plan of a tattoo shop business startup named ‘Jerry’s Tattoo Studio’.
2.1 the business.
Jerry’s Tattoo Studio will be a licensed and registered tattoo studio which will provide customized tattooing, body piercing and tattoo maintenance and removal services. The business will be based in downtown Chicago which is an ideal location for starting a tattoo shop .
Jerry’s Tattoo Studio is a sole proprietorship owned by Jerry Tim. Jerry is a passionate tattoo designer who has been in this industry for more than 10 years. The company’s main management framework comprises of sales executives and tattoo artists.
Our customers include the young adults, adults, and celebrities based in Chicago. We will offer them a variety of tattoo designs as per their requirements.
Our business targets to be achieved within next three years are as follows:
3.1 company owner.
Jerry’s Tattoo Studio is a sole proprietorship owned by Jerry Tim. Jerry is a passionate tattoo designer who has been associated with tattoo industry for more than 10 years. Jerry is well aware of all health regulations related to this precarious work and has also taken a course on ‘Bloodborne Pathogens and Cross-Contamination Prevention’ from the Toronto Tattoo School.
Jerry is passionate about tattoo designing and is known for creating exceptionally realistic tattoos. Tattooing is what he is made for and, being experienced in this industry, he knows how to open a tattoo shop . In addition to that, he aims to make profits in this industry by providing unparalleled tattooing services.
Jerry’s Tattoo Studio will be started in downtown Chicago in a leased location which was previously used by an IT agency. The facility features an open reception space, a small office space, a waiting room, a sterilization space, three tattoo stations and a bathroom. In addition to the usual inventory, the company will procure tattoo station equipment (2 tattoo chairs, lights, mirrors, tool box, trash bins, sharps container), sterilization room equipment (autoclave, ultrasonic unit, sterilization pouches), waiting area furniture (sofa seats, coffee table, 2 flash art binders), reception area items (a reception desk, cash register, laptop, credit card reader, phones), office equipment (phone, printer, scanner, photocopier), a digital camera, a sound system as well as tattooing supplies (sterilizers, disinfectants, antiseptics, ointments, paper products, towels, gloves, linens, thermofax, skin scribes and stencil paper). The financial experts have forecasted following costs for opening a tattoo shop :
The detailed start-up requirements are given below:
Legal | $55,300 |
Consultants | $0 |
Insurance | $32,750 |
Rent | $32,500 |
Research and Development | $32,750 |
Expensed Equipment | $32,750 |
Signs | $1,250 |
TOTAL START-UP EXPENSES | $187,300 |
Start-up Assets | $220,875 |
Cash Required | $332,500 |
Start-up Inventory | $32,625 |
Other Current Assets | $232,500 |
Long-term Assets | $235,000 |
TOTAL ASSETS | $121,875 |
Total Requirements | $245,000 |
START-UP FUNDING | $273,125 |
Start-up Expenses to Fund | $151,875 |
Start-up Assets to Fund | $123,000 |
TOTAL FUNDING REQUIRED | $0 |
Assets | $23,125 |
Non-cash Assets from Start-up | $18,750 |
Cash Requirements from Start-up | $0 |
Additional Cash Raised | $18,750 |
Cash Balance on Starting Date | $21,875 |
TOTAL ASSETS | $373,125 |
Liabilities and Capital | $0 |
Liabilities | $0 |
Current Borrowing | $0 |
Long-term Liabilities | $0 |
Accounts Payable (Outstanding Bills) | $0 |
Other Current Liabilities (interest-free) | $0 |
TOTAL LIABILITIES | $0 |
Capital | $620,125 |
Planned Investment | $620,125 |
Investor 1 | $0 |
Investor 2 | $0 |
Other | $0 |
Additional Investment Requirement | $0 |
TOTAL PLANNED INVESTMENT | $620,125 |
Loss at Start-up (Start-up Expenses) | $313,125 |
TOTAL CAPITAL | $251,875 |
TOTAL CAPITAL AND LIABILITIES | $251,875 |
Total Funding | $255,000 |
Before starting a tattoo shop business , you must decide what kinds of services will you offer to your customers. There are more than 35,000 tattoo parlors open in the United States and for surviving in such competitive environment, you need to offer all those services which are offered by them. If you are offering more services than it will be a big competitive advantage for you. But, in any case, you need to decide your services before you plan to open a tattoo shop .
Jerry’s Tattoo Studio will be a licensed and registered tattoo studio which will provide following services to its customers:
Our customers can make a reservation with us by visiting our shop or through our official website. They can also choose a design from the set of tattoos displayed on our website.
The most important component of an effective tattoo shop business plan is its accurate marketing analysis and a good tattoo business plan can only be developed after this stage. If you are starting on a smaller scale, you can do marketing analysis yourself by taking help from this tattoo business plan template or any other tattoo shop business plan free available online. If you are starting on a larger scale, it is always best to seek the counsel of marketing experts for developing a good tattoo parlor business plan .
The success or failure of a business totally depends upon its marketing strategy which can only be developed on the basis of accurate marketing analysis. Therefore, it must be considered before you think about how to start a tattoo business plan .
The tattoo industry adds $722 million every year in revenue to the United States and the industry is currently growing at the rate of 9.8 percent. There are more than 35,000 registered open tattoo shops which employ more than 54,000 people. However, a unique thing about this industry is that there is no tattoo studio which possesses a lion share in the market. The tattoo industry is the sixth fastest-growing retail business in the United States and more than one-third of America’s young adults (aged 18-25) have tattoos. In short, tattoo industry has a lot of potential and can be immensely profitable provided that you plan your business successfully.
Our target market is the residential community based in Chicago. The community consists of people from varying backgrounds, most of which are financially stable. As per the population distribution, 40.4% of population live singly, 18.9% are females with no husband, 35.1% are married couples who are living together and 28.8% population has children under the age of 18 living with them. The median for a household income in the city was $38,625 in 2000, and the median family income was $46,748.
It is very important to analyze the market segmentation of your future customers before starting a tattoo business plan because a successful and efficient marketing strategy for business can only be developed after we completely know our potential customers. Our experts have identified the following type of target audience which can become our future consumers:
The detailed marketing segmentation of our target audience is as follows:
5.2.1 Young Adults: Our first target group will be the young adults between 18 and 25 years of age. According to a report by Pew Research Center, 36 percent of Americans aged 18-25 have at least one tattoo. This target group will have the biggest contribution to our revenue so our marketing strategy will be specially built to attract the young adults in Chicago.
5.2.2 Adults: Our second target group comprises of adults aged above 25 years. These adults also have tattoos but their number is comparatively less than the young adults.
5.2.3 Celebrities: The third target group comprises of celebrities such as actors, public figures, and sportsmen and women. This target group contains all important customers so it will be directly dealt by Jerry himself.
The detailed market analysis of our potential customers is given in the following table:
Potential Customers | Growth | ||||||
Celebrities | 25% | 11,433 | 13,344 | 16,553 | 18,745 | 20,545 | 13.43% |
Young Adults | 45% | 22,334 | 32,344 | 43,665 | 52,544 | 66,432 | 10.00% |
Adults | 30% | 12,867 | 14,433 | 15,999 | 17,565 | 19,131 | 15.32% |
Total | 100% | 46,634 | 60,121 | 76,217 | 88,854 | 106,108 | 9.54% |
Our main business targets to be achieved as milestones over the course of next three years are as follows:
After considering the market demands and the competitive environment, we have priced our tattooing services 5 percent cheaper than that of our competitors. There is no fixed price for tattooing and the prices depend on the type of tattoo and the number of hours required to work on that. The base price will start from $75 and the hourly rate of the session will depend on the tattoo type.
After identifying the market trends, market demand, and the potential customers of the startup, the next step is to define an effective strategy to attract the potential customers. Like marketing analysis, sales strategy is also an important component and must be properly developed before thinking about how to open a tattoo shop .
Our biggest competitive advantage will be the quality of our tattoos which will also be attractive and eye-catching. In addition to that, our second biggest competitive advantage will be our exceptional customer service. We will make sure that our customers get the best tattoo which suits their personalities. We will work with customers to search for designs that will look perfect on them. Our location is also one of our biggest competitive advantages since we will be based in downtown which is considered an ideal location to start a tattoo business .
After carrying out a detailed analysis, our experts came up with the following brilliant ideas to advertise and sell ourselves.
Unit Sales | |||
Customized tattoos | 1,887,030 | 2,680,320 | 2,588,240 |
Body piercings | 802,370 | 815,430 | 823,540 |
Tattoo aftercare | 539,320 | 770230 | 1,002,310 |
Laser tattoo removal | 265,450 | 322,390 | 393,320 |
TOTAL UNIT SALES | |||
Unit Prices | Year 1 | Year 2 | Year 3 |
Customized tattoos | $140.00 | $150.00 | $160.00 |
Body piercings | $600.00 | $800.00 | $1,000.00 |
Tattoo aftercare | $700.00 | $800.00 | $900.00 |
Laser tattoo removal | $650.00 | $750.00 | $850.00 |
Sales | |||
Customized tattoos | $2,149,800 | $2,784,000 | $3,383,200 |
Body piercings | $120,050 | $194,500 | $268,500 |
Tattoo aftercare | $50,110 | $71,600 | $93,000 |
Laser tattoo removal | $139,350 | $194,600 | $249,850 |
TOTAL SALES | |||
Direct Unit Costs | Year 1 | Year 2 | Year 3 |
Customized tattoos | $0.70 | $0.80 | $0.90 |
Body piercings | $0.40 | $0.45 | $0.50 |
Tattoo aftercare | $0.30 | $0.35 | $0.40 |
Laser tattoo removal | $3.00 | $3.50 | $4.00 |
Direct Cost of Sales | |||
Customized tattoos | $989,300 | $1,839,000 | $2,679,700 |
Body piercings | $66,600 | $119,900 | $173,200 |
Tattoo aftercare | $17,900 | $35,000 | $52,100 |
Laser tattoo removal | $19,400 | $67,600 | $115,800 |
Subtotal Direct Cost of Sales | $1,294,100 | $1,699,400 | $2,104,700 |
Personnel plan is also an important component of a good business plan for a tattoo shop so make sure to duly consider it before thinking about how to start a tattoo shop business plan. The personnel plan of our company is as follows.
Jerry will act as the General Manager of the company and will initially hire following people:
All the employees will be hired by following strict testing procedures and will also be trained before onboarding.
The following table shows the forecasted data about the salaries of the employees for the next three years. These salaries are just an estimate and are also expected to deviate but the overall expenses will be more or less the same.
Accountant | $85,000 | $95,000 | $105,000 |
Sales Executives | $45,000 | $50,000 | $55,000 |
Tattoo Artists | $410,000 | $440,000 | $480,000 |
Assistants | $152,000 | $159,000 | $166,000 |
Technical Assistant | $87,000 | $94,000 | $101,000 |
Customer Representatives | $220,000 | $250,000 | $280,000 |
Total Salaries | $562,000 | $599,000 | $646,000 |
The financial plan covers all the expenses needed for the startup so you must develop it before you think about how to open tattoo shop . The financial plan should craft a detailed map about the cost of inventory, payroll, equipment, rent, and utilities needed for the startup and how these costs will be covered by the earned profits. It is recommended that you hire a financial expert for guiding you through all financial aspects needed to start a tattoo business .
Plan Month | 1 | 2 | 3 |
Current Interest Rate | 10.00% | 11.00% | 12.00% |
Long-term Interest Rate | 10.00% | 10.00% | 10.00% |
Tax Rate | 26.42% | 27.76% | 28.12% |
Other | 0 | 0 | 0 |
Monthly Units Break-even | 5530 |
Monthly Revenue Break-even | $159,740 |
Assumptions: | |
Average Per-Unit Revenue | $260.87 |
Average Per-Unit Variable Cost | $0.89 |
Estimated Monthly Fixed Cost | $196,410 |
Sales | $309,069 | $385,934 | $462,799 |
Direct Cost of Sales | $15,100 | $19,153 | $23,206 |
Other | $0 | $0 | $0 |
TOTAL COST OF SALES | |||
Gross Margin | $293,969 | $366,781 | $439,593 |
Gross Margin % | 94.98% | 94.72% | 94.46% |
Expenses | |||
Payroll | $138,036 | $162,898 | $187,760 |
Sales and Marketing and Other Expenses | $1,850 | $2,000 | $2,150 |
Depreciation | $2,070 | $2,070 | $2,070 |
Leased Equipment | $0 | $0 | $0 |
Utilities | $4,000 | $4,250 | $4,500 |
Insurance | $1,800 | $1,800 | $1,800 |
Rent | $6,500 | $7,000 | $7,500 |
Payroll Taxes | $34,510 | $40,726 | $46,942 |
Other | $0 | $0 | $0 |
Total Operating Expenses | $188,766 | $220,744 | $252,722 |
Profit Before Interest and Taxes | $105,205 | $146,040 | $186,875 |
EBITDA | $107,275 | $148,110 | $188,945 |
Interest Expense | $0 | $0 | $0 |
Taxes Incurred | $26,838 | $37,315 | $47,792 |
Net Profit | $78,367 | $108,725 | $139,083 |
Net Profit/Sales | 30.00% | 39.32% | 48.64% |
Cash Received | |||
Cash from Operations | |||
Cash Sales | $40,124 | $45,046 | $50,068 |
Cash from Receivables | $7,023 | $8,610 | $9,297 |
SUBTOTAL CASH FROM OPERATIONS | |||
Additional Cash Received | |||
Sales Tax, VAT, HST/GST Received | $0 | $0 | $0 |
New Current Borrowing | $0 | $0 | $0 |
New Other Liabilities (interest-free) | $0 | $0 | $0 |
New Long-term Liabilities | $0 | $0 | $0 |
Sales of Other Current Assets | $0 | $0 | $0 |
Sales of Long-term Assets | $0 | $0 | $0 |
New Investment Received | $0 | $0 | $0 |
SUBTOTAL CASH RECEIVED | |||
Expenditures | Year 1 | Year 2 | Year 3 |
Expenditures from Operations | |||
Cash Spending | $21,647 | $24,204 | $26,951 |
Bill Payments | $13,539 | $15,385 | $170,631 |
SUBTOTAL SPENT ON OPERATIONS | |||
Additional Cash Spent | |||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 |
Principal Repayment of Current Borrowing | $0 | $0 | $0 |
Other Liabilities Principal Repayment | $0 | $0 | $0 |
Long-term Liabilities Principal Repayment | $0 | $0 | $0 |
Purchase Other Current Assets | $0 | $0 | $0 |
Purchase Long-term Assets | $0 | $0 | $0 |
Dividends | $0 | $0 | $0 |
SUBTOTAL CASH SPENT | |||
Net Cash Flow | $11,551 | $13,167 | $15,683 |
Cash Balance | $21,823 | $22,381 | $28,239 |
Assets | |||
Current Assets | |||
Cash | $184,666 | $218,525 | $252,384 |
Accounts Receivable | $12,613 | $14,493 | $16,373 |
Inventory | $2,980 | $3,450 | $3,920 |
Other Current Assets | $1,000 | $1,000 | $1,000 |
TOTAL CURRENT ASSETS | |||
Long-term Assets | |||
Long-term Assets | $10,000 | $10,000 | $10,000 |
Accumulated Depreciation | $12,420 | $14,490 | $16,560 |
TOTAL LONG-TERM ASSETS | |||
TOTAL ASSETS | |||
Liabilities and Capital | Year 1 | Year 2 | Year 3 |
Current Liabilities | |||
Accounts Payable | $9,482 | $10,792 | $12,102 |
Current Borrowing | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 |
SUBTOTAL CURRENT LIABILITIES | |||
Long-term Liabilities | $0 | $0 | $0 |
TOTAL LIABILITIES | |||
Paid-in Capital | $30,000 | $30,000 | $30,000 |
Retained Earnings | $48,651 | $72,636 | $96,621 |
Earnings | $100,709 | $119,555 | $138,401 |
TOTAL CAPITAL | |||
TOTAL LIABILITIES AND CAPITAL | |||
Net Worth | $182,060 | $226,240 | $270,420 |
Sales Growth | 4.35% | 30.82% | 63.29% | 4.00% |
Percent of Total Assets | ||||
Accounts Receivable | 5.61% | 4.71% | 3.81% | 9.70% |
Inventory | 1.85% | 1.82% | 1.79% | 9.80% |
Other Current Assets | 1.75% | 2.02% | 2.29% | 27.40% |
Total Current Assets | 138.53% | 150.99% | 163.45% | 54.60% |
Long-term Assets | -9.47% | -21.01% | -32.55% | 58.40% |
TOTAL ASSETS | ||||
Current Liabilities | 4.68% | 3.04% | 2.76% | 27.30% |
Long-term Liabilities | 0.00% | 0.00% | 0.00% | 25.80% |
Total Liabilities | 4.68% | 3.04% | 2.76% | 54.10% |
NET WORTH | ||||
Percent of Sales | ||||
Sales | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin | 94.18% | 93.85% | 93.52% | 0.00% |
Selling, General & Administrative Expenses | 74.29% | 71.83% | 69.37% | 65.20% |
Advertising Expenses | 2.06% | 1.11% | 0.28% | 1.40% |
Profit Before Interest and Taxes | 26.47% | 29.30% | 32.13% | 2.86% |
Main Ratios | ||||
Current | 25.86 | 29.39 | 32.92 | 1.63 |
Quick | 25.4 | 28.88 | 32.36 | 0.84 |
Total Debt to Total Assets | 2.68% | 1.04% | 0.76% | 67.10% |
Pre-tax Return on Net Worth | 66.83% | 71.26% | 75.69% | 4.40% |
Pre-tax Return on Assets | 64.88% | 69.75% | 74.62% | 9.00% |
Additional Ratios | Year 1 | Year 2 | Year 3 | |
Net Profit Margin | 19.20% | 21.16% | 23.12% | N.A. |
Return on Equity | 47.79% | 50.53% | 53.27% | N.A. |
Activity Ratios | ||||
Accounts Receivable Turnover | 4.56 | 4.56 | 4.56 | N.A. |
Collection Days | 92 | 99 | 106 | N.A. |
Inventory Turnover | 19.7 | 22.55 | 25.4 | N.A. |
Accounts Payable Turnover | 14.17 | 14.67 | 15.17 | N.A. |
Payment Days | 27 | 27 | 27 | N.A. |
Total Asset Turnover | 1.84 | 1.55 | 1.26 | N.A. |
Debt Ratios | ||||
Debt to Net Worth | 0 | -0.02 | -0.04 | N.A. |
Current Liab. to Liab. | 1 | 1 | 1 | N.A. |
Liquidity Ratios | ||||
Net Working Capital | $120,943 | $140,664 | $160,385 | N.A. |
Interest Coverage | 0 | 0 | 0 | N.A. |
Additional Ratios | ||||
Assets to Sales | 0.45 | 0.48 | 0.51 | N.A. |
Current Debt/Total Assets | 4% | 3% | 2% | N.A. |
Acid Test | 23.66 | 27.01 | 30.36 | N.A. |
Sales/Net Worth | 1.68 | 1.29 | 0.9 | N.A. |
Dividend Payout | 0 | 0 | 0 | N.A. |
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Post by admin | Apr. 08, 2021
As a tattoo artist, one of your goals must be to start a tattoo business. One that is profitable-most certainly.
But the road to becoming one of the highly paid tattooists like Scott Campbell and Ami James is not an easy one. It takes patience, hard work, and commitment. Being the earliest stage of your startup, planning too becomes essential. But we are getting ahead of ourselves, aren’t we?
Let’s go over some of the main steps involved in starting a potentially long-lasting body ink business.
Table of Contents
Think about location.
Of course, capital comes first. But since you are thinking about starting a parlor, it means you have some stacks stocked somewhere, which is why location becomes the next important thing.
Tattoo shops are mainly for the bold urban dwellers. As such, you want to target high traffic zones-particularly where there are plenty of nightlife activities. Campuses, flea markets (swap meets), and heavily packed retail centers are ideal as well.
You need to abide by municipal rules before selecting a location to open a tattoo business. Ensure you are familiar with those regulations and, if necessary, get legal help to smoothen any possible bumps.
One last thing about location. Urban centers may come with strict rules and steep rental charges; they are the perfect spot to get clients fast. Remote areas don’t come with so many hassles, but you are likely to witness a significant amount of customer dry spells.
Tattoo shops do much more than just inking. There is tattoo removal, body piercing, cosmetic tattooing, tattoo cover-ups, design work, and much more. Focusing on a few niches helps you become an unmatched expert.
The level of competition in your area should help you decide what to offer. Also, with statistics pointing out the lucrative nature of removal services, it might be worth looking into it.
Wondering how to start a tattoo removal business? Well, it’s a little complicated. Most tattoo removal laws demand the use of FDA-approved devices, laser training, safety certification, and that a trained medical director in laser procedures should handle the process. If you can navigate these regulations, then there is nothing significant to stop you.
You know what you want to sell, right? Excellent. It’s time to put that idea down into a business plan. Why? You ask. For starters, studies indicate that having a business plan increases the chances of starting a successful venture.
Secondly, most financial institutions will demand to see a business plan to support your business. As such, you need to draft it with the same precision as your tattooing skill.
Here is what a tattoo shop business plan should entail:
Quite frankly, not many people can put together a good plan. If you feel incapable, then find a tattoo shop business plan. Templates can show you every step of the way and reduce some of the massive legwork involved in preparing such documents.
It massively helps if you have tattoo studio software to assist with your daily ops , such as managing customers, sales, marketing, and even your employees.
You could have the best product in the world, but it will not sell if customers are unaware of its existence. Similarly, it doesn’t matter if you offer affordable services or are the most skilled artist in the area. You still have to market yourself aggressively if need be.
Do some t-shirt printing and sell them to your existing clients at a lower price so they can popularize your shop. If you have lots of bucks, why not advertise in the local newspaper or print some leaflets for distribution?
Better yet, launch your website and showcase some of your exceptional designs in a gallery. Other affordable ways to advertise your tattoo business include listing your shop in tattoo directories or asking your customers to spread the word about your shop. Be creative in your marketing efforts; don’t just stop with standard methods.
How would you like to go about pricing? Before we answer that, note that prices are determined by an artist’s skill, tattoo store hygiene standards , economic standards of the community, tattooist reputation, and much more.
Here’s some eye-opening truth; Clients already know what your competitors are charging. This means you have to set your prices based on what already exists. If you must offer discounts and promotions, make sure not to dig too deep into your profits.
Just because you are supremely skillful at tattooing doesn’t mean you can open a shop whenever you want. Some states insist on licensing ink artists after they have proved to be worthy through several years of apprenticeship. If this step is not a barrier, then you can proceed with opening your tattoo business.
Depending on where you live, it can take a lot or less to start a tattoo parlor business. You may need to fulfill other things, including hiring a team, fulfilling all legal rights, getting all the necessary certification, looking for funds, and coming up with a great name.
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All businesses come with challenges.
If you know someone who has done this before, talk to them for guidance. They might just save you thousands of dollars in either pointing out pitfalls or directing you to a place you can buy affordable equipment.
Secondly, anticipate downfalls by setting up a safety net. This could be in the form of savings, a tattoo community, and anything else that will save your tattoo business from going under.
Be ready for the change.
As we speak, the tattoo industry has been ravaged by the pandemic, and many artists have lost a lot. But it’s not all doom. The tattoo industry is projected to grow by 8% for the next couple of years.
See more tattoo industry statistics here .
So to remain afloat, you must be willing to adapt. This could mean jumping on board with the new tattoo industry trends or teaming up with others (shop bonding activities) to keep your talent and name alive for as long as necessary.
Last but not least, spend when necessary. If it is not yet time to upgrade your computers and chairs, then wait. There is no point in spending more when your business is still trying to take off. There will always be other good times and opportunities to spend more. For now, be frugal.
How much does it cost to start a tattoo business.
Conventionally, many studies estimate that it takes around $50,000 to start a tattoo parlor. Here’s something we both can agree to; it is nearly impossible for most beginner tattooists to fetch such an amount.
The best way to know what your startup costs will amount to is by totaling the expenses. Let’s find out what you might need to launch a profitable tattoo business successfully.
Here are some of the equipment you’ll need and their approximate costs (per item):
1. Tattoo gun-( $400-$900) 2. Ink-as little as $7 3. Tables/chairs-$300+ 4. Autoclaves-$100+ 5. Needless-$10+(set) 6. Mirrors-$100 7. Sanitizer-$10+ 8. Disposable razors-$10 (set) 9. Disposable latex gloves-$15 (set) 10. Business permit-($200-$300 in the US) check rates with your local authorities 11. Insurance policy-($55-$75 per month in the US) 12. Furniture for the waiting area $200+ 13. Working capital for the first couple of months 14. Computers and scanners-$1000+ 15. Tattoo Software
As for legal documents, variations exist from country to country. You might need to have things like a business plan, employer identification number, shop employment policies and procedures, operating agreement, and more in the US.
Research shows that it is easy to start a tattoo shop and take a short time to recoup all your expenses. On average, established tattooists earn upwards of $50,000 a year. So yes, it’s a profitable business.
With Covid 19 raking havoc to many parts of the world, it makes sense to see why anyone would want to start a tattoo business at home. The truth is, it is very much possible. You don’t need to worry about steep rental costs, daily commute, and other costly local government requirements in this model.
However, you will still need to market yourself and have all the necessary equipment and legal papers. Keeping yourself on the right side of the law means protecting your assets from unnecessary costly lawsuits.
Honestly, this isn’t a question one should be obsessed with when starting. However, for the sake of having a figure in mind to work, let’s answer that. Beginner tattoo artists in the US earn between $15,000 and $23,000 annually. This figure tends to vary from one country to another.
When starting, it will be hard to charge those insane hourly rates as an accomplished artist. You need to start small and expand your audience before you can reexamine your rates. Also, you’ll be forced to charge depending on the economic lifestyle of your region.
Alright, get going then and good luck!
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The Tattoo Studio Guide to Shop Ownership & Operations
This course is designed to guide tattoo artists and piercers through the journey of becoming successful studio owners and managers. It emphasizes practical skills, industry-specific knowledge, and real-world strategies to ensure participants are well-equipped to handle the challenges and opportunities of running their own tattoo studios.
Course / Setting the Foundation of Your Tattoo Studio
1. transitioning from artist to owner.
4. building a strong client base for new tattoo studios, 5. digital marketing and online presence for tattoo studios, 6. recruiting and hiring the right team for your tattoo studio, 7. streamlining studio operations, 8. expanding services and growth strategies, 9. navigating challenges in studio management, 10. sustaining and evolving your tattoo business, creating a business plan.
A comprehensive business plan is not just a document; it’s a roadmap for your tattoo studio’s journey from conception to reality and beyond. It serves as a strategic guide, laying out the steps you need to take to establish and grow your business successfully.
Role of a Business Plan: The primary role of a business plan is to provide a structured outline of your business goals and the strategies to achieve them. It helps in identifying potential challenges and planning ways to mitigate them. Moreover, a well-crafted business plan is essential for securing funding from investors or loans from banks, as it demonstrates the viability and profitability of your business idea.
Resources and Templates: Numerous resources and templates are available online for crafting a business plan. Websites like the U.S. Small Business Administration (SBA) offer free templates and guides that can be particularly helpful. Additionally, business planning software and tools can provide structured frameworks and financial models to simplify the process.
Executive Summary: This section provides an overview of your business plan, including your studio’s mission, the services you’ll offer, and your unique selling propositions. It should be compelling enough to capture the interest of potential investors or partners.
Market Analysis: Conduct thorough research to understand the tattoo industry, including current trends, customer demographics, and competition. This analysis should provide insights into where your studio fits within the market and how it can stand out.
Marketing Strategy: Outline how you plan to attract and retain clients. This should include your branding strategy, advertising plans (both online and offline), promotional activities, and public relations efforts.
Financial Plan: Probably the most critical component, the financial plan should detail your startup costs, ongoing operational expenses, pricing strategy, revenue projections, and break-even analysis. This section should provide a clear picture of your studio’s financial viability.
Building a strong client base, digital marketing and online presence, recruiting and hiring the right team for your tattoo studio, streamlining studio operations, expanding services and growth strategies, navigating challenges in studio management, sustaining and evolving your tattoo business.
All you need to know about starting and running your business.
In this article
A tattoo artist is a type of professional artist who creates permanent images, words or symbols on a person’s skin.
Tattoos are one of the oldest art forms, with evidence of tattoos dating back more than 5,000 years. Tattoos can be done for decorative purposes, or in some cultures for religious purposes or as a symbol of a person’s status.
Tattoos are done by injecting ink under the surface of the skin using a small needle. Tattoos can range significantly in size, style, design and colour.
Many tattoo artists specialise in a specific style of tattooing, such as:
Many tattoo businesses usually have a gallery of existing images and designs for customers to choose from. You could also offer custom tattoos or allow your customers to provide their own designs.
When creating your tattoos, you will usually first transfer an outline of the design onto your customer’s skin. This allows the customer to see the placement of the tattoo and gives you a guide from which to begin the tattooing process. You will begin with the outline of the tattoo before adding any shading, colouring or detail. You may need to use different sized needles for different parts of the tattoo.
Some of the daily duties you will likely need to fulfil as part of your tattoo business include:
There are several different ways you can set up a tattoo business; you can choose to:
If you are thinking of starting up a tattoo business, there are some skills and traits you will need to have. You will need to be artistic with a flair for design and creativity. You will also need a steady hand, patience and great attention to detail.
To make your business succeed, you will also need to have a flair for business and good advertising and marketing strategies.
Although tattoos are most often associated with younger people or bikers, in fact, people of all demographics visit tattoo studios.
Tattoo customers choose specific tattoo studios for different reasons.
Some of the factors that may influence the typical customers who attend your business include:
Your business name, logo and the aesthetic and design of your shop will all influence your customer base. Some customers will be attracted to studios that look dark, mysterious and edgy, whereas others would prefer a shop that looks bright, clean and stylish.
This will be one of the biggest influences on your typical customer base. Many potential customers will already have a tattoo idea in mind when they visit your business. The style of tattoos you specialise in will impact which customers choose your tattoo studio.
How you opt to advertise and market your business can impact the potential customers you reach. For example, you will reach different customers if you advertise on social media, compared to if you use flyers as your main form of advertising. To reach more customers, you could also attend tattoo conventions and other events in your area.
Equipment is an essential part of a tattoo business. You will need to purchase the equipment before your business begins operating and much of it will need to be replenished regularly.
Your equipment requirements will vary depending on the type of tattoo business you set up. For example, if you are a freelancer in an already existing tattoo studio, you will likely not need to purchase any furniture. You should therefore consider the type of business you will run and your business plan when determining which equipment you require.
Some of the equipment your tattoo business may need is listed below.
You will need multiple different types of equipment for tattooing including:
This type of equipment will help you keep your equipment and your tattoo studio sterilised and clean at all times. You will also need some of the equipment for cleaning the area before you begin tattooing and for tattoo aftercare.
Some of the medical and sterilisation equipment you may need includes:
You will need to furnish your tattoo studio with all the appropriate furnishings and equipment to allow you to run your tattoo business. Your furnishings should be clean, in good working order and in fitting with your business’s aesthetic.
Some of the furniture you may require in your studio includes:
Being aware of the typical costs associated with setting up and running a tattoo business can help you to better plan your business and maximise your profits.
Some of the typical costs associated with a tattoo business include:
A full set of tattoo equipment usually costs between £500 and £3,000. The more equipment you require and the higher the specification of the equipment, the more money you can expect to pay. If you need to furnish your tattoo studio and purchase tattoo beds and chairs, you can expect to pay an additional £2,000–£10,000.
This will likely be your biggest expenditure. You will likely rent your studio on a monthly or annual basis. Rental prices will vary significantly, with city-centre locations typically having the highest prices. Prices will also vary depending on the size of the studio. Rental costs are often calculated per square metre. They can range significantly, from £500 to £15,000 per square metre annually.
You will likely need to renovate or refurbish your premises to fit your business aesthetic and make it fit for purpose. Your studio should be attractive to your customers, easy to clean and have appropriate spacing for the tattooing areas. Renovation costs can vary, depending on the level and scale of work required.
Much of the equipment that you use such as the needles, latex gloves and disposable cleaning materials can only be used once, meaning these will need to be replenished regularly. You will also need to make sure you have enough ink and the other equipment you will need to conduct your business. You will likely need to make monthly orders to replenish your equipment.
Branding can help you to establish your tattoo business’s identity and help your business to stand out from any local competition. Branding could include creating your business’s visual identity, a logo, your business name, your business website and the design and aesthetic of your studio. You can hire a professional to help you with branding or do some of the work yourself. Branding can cost between £500 and £10,000, depending on the amount of branding you require.
Advertising and marketing are essential ways to attract clients and grow your business. It is recommended that you spend between 1% and 3% of your annual turnover on marketing. For example, if your annual turnover is £100,000, it is recommended you spend between £1,000 and £3,000 per year on marketing. You may need to invest more money in advertising and marketing when you first set up your business, in order to ensure your business is well-known and potential clients are aware of you. You may be able to save on your advertising costs by advertising online via social media. This could include advertising on Instagram, Facebook or TikTok.
These are the everyday costs associated with running your tattoo business. Most of these costs will be paid monthly, although some will be paid annually. Your running costs could include your overhead costs such as electricity, gas and water. If you keep the running costs as low as possible, this can help to maximise your profits.
You may initially operate your business independently and then hire staff as your business grows. You could hire staff as permanent employees or as independent freelancers. If you hire staff permanently, you will need to pay them at least the national minimum wage of £9.50 per hour and account for other expenses such as holiday pay, sick pay and maternity/paternity pay. Alternatively, you can hire them as freelance tattoo artists and take a cut of their profits or charge them a flat fee.
Some of the insurance you may need for your tattoo business includes:
Insurance prices start at £10 per month, depending on your insurance provider and the level of coverage you need.
Once you have determined the costs associated with your tattoo business, you can then determine your pricing policy. You can choose whether to charge customers per tattoo or per hour.
Your pricing policy will depend on several factors:
Tattoo artists in the UK tend to charge between £50 and £150 per hour, although in-demand tattoo artists tend to charge higher rates.
A tattoo business can be a high-risk business with the potential for injury, unsafe practices or even the transmission of infections or diseases.
Ensuring safe practices is therefore essential. Some ways you can safely run your tattoo business include:
As you will be dealing with blood, it is important you protect yourself and all of your customers from potentially dangerous pathogens and diseases that can be transferred through blood and other bodily fluids. This includes discarding needles after every customer and sterilising all tattooing equipment thoroughly.
Ensuring proper tattoo aftercare is a great way of ensuring the health and safety of your customers. Before beginning the tattoo and during the tattoo process you will need to ensure the area remains clean. You should also educate your customers on the importance of cleaning the tattoo regularly to prevent infection and encourage healing, and keeping it moisturised. Ensure you recommend the correct moisturiser or ointment depending on the type of ink you use and where the tattoo is located.
All furnishings and flooring should be made of a wipe-clean material. Ensuring they are resistant to liquid, such as bodily fluid, can make them much easier to clean and result in better hygienic practices. You should also cover the tattoo beds and chairs with a disposable covering that is changed between clients.
Strict cleaning procedures must be in place in your tattoo studio. This includes cleaning, disinfecting and sanitising all equipment and surfaces and employing ultrasonication cleaning techniques. You should clean between every customer and then perform an intensive clean at regular intervals, such as every day. If you hire any other tattoo artists or other members of staff, you must also ensure they are following your cleaning procedures.
Some of the PPE you may require include latex gloves, arm coverings, face masks, protective aprons, protective footwear and eye protection. Some PPE, such as your gloves, will need to be changed between every customer.
A good filtration system can reduce the number of airborne microorganisms and germs in your studio. It can reduce the spread of infection and keep your tattoo studio safe.
Germs and bacteria spread very easily on hands. Even if you wear gloves, correct handwashing procedures can help protect the health and safety of everyone who visits your tattoo business.
All tattoo businesses must have an appointed first-aider on the premises at all times. In the event of an accident or injury, you will then be able to administer the necessary first aid. Although a first aid qualification or certificate is not legally required, it is the easiest way to demonstrate your first aid training.
Many people think that use-by and best before dates only apply to food. However, inks, creams, ointments and other products all have dates that you must pay attention to. Check the date before using any products and never use products that are out of date.
Poor lighting can be potentially hazardous when tattooing. If you do not have complete and clear vision of the area and a good view of the tattoo and your machine, you may nick the skin, do the tattoo incorrectly or cause an injury. Ideally, you should aim for a good mix of natural and artificial light. If this is not possible, ensure the artificial light gives you a good enough view.
As the business owner, it is your responsibility to protect your staff from threats or abuse. Implement procedures for dealing with threatening behaviour, record any incidents and ensure you support your staff as much as possible.
This includes tattoo equipment, needles and cleaning products. Any potentially dangerous objects should be kept out of the reach of customers, and where possible in separate rooms.
Security measures can help protect your business from potential break-ins or protect you if a customer accuses you of causing an injury or not protecting their safety. Install a CCTV system and ensure your studio is properly secured when you are not on site.
You should identify any potential hazards and risks in your business and how these can be reduced or eliminated.
As part of your risk assessment, you should:
Complying with all legal requirements is essential when setting up and running your tattoo business.
Some legal requirements you should be aware of include:
All tattoo artists in the UK must register with the Environmental Health department of their local authority. As part of your registration, you will need to undergo an inspection. Once your registration has been approved, you must display your registration certificate visibly on your premises. You will then undergo regular inspections in order to maintain your registration.
Tattoos are prohibited in people below 18 years of age in the UK. Ensure your business is complying with this Act by asking for a form of photo ID before agreeing to give a tattoo.
These regulations apply to you and any other employees or freelance tattoo artists who use tattooing equipment. You must ensure the equipment is fit for purpose, is maintained and inspected regularly, that health and safety risks are minimised to an acceptable level, that you have the correct knowledge and training to use the equipment, and that protective measures are put into place. You must also ensure the equipment is used under appropriate conditions.
Under these regulations , if your business has five or more employees you must ensure you conduct appropriate risk assessments, minimise any risks and maintain all equipment. Under the regulations, you (the business owner) must ensure correct ventilation, room temperature and lighting are maintained in your studio at all times. You must also make sure high levels of cleanliness are maintained and you have appropriate spacing.
The COSHH regulations state that you must control any substances that are potentially hazardous. You should also assess, control and reduce any risks or potential hazards and protect people from harm. This could include chemicals in the ink, sterilising materials and any other substances you use as part of your business.
RIDDOR states that you must report all injuries, diseases and dangerous events that occur when your business is operating. Reports must be made to the Health and Safety Executive (HSE) using an appropriate recording document.
Manual handling is an inevitable part of tattooing. The strain on your fingers, hands, wrists and arm could result in pain or injury. Following manual handling regulations can help to protect you and your employees from sustaining an injury or illness as a result of manual handling tasks.
You must comply with both pieces of legislation when storing or sharing personal information, such as your customers’ contact details. You must also apply for a Notification to Process Personal Data Licence. If you use a CCTV system or process personal information such as payroll information or customer accounts and records, you will need to apply for a licence with the Information Commissioner’s Office and renew your registration every year.
If you copy another artist’s design or work, you could be infringing on copyright laws. Ensure you do not knowingly copy anyone’s work and register your own work with the Intellectual Property Office (IPO) to prevent it from being copied by another tattoo artist.
Some of your business’s waste will be classified as clinical or hazardous waste. This includes needles, materials containing blood or other bodily fluid and disposable gloves. This waste must be disposed of by a registered, authorised waste carrier. Contact your local Environmental Health department for more details.
All businesses should have health and safety policies that help to manage health and safety in your business. They protect the health and safety of you, your customers and your business. You are also responsible for fire safety on your premises (if relevant). This could include conducting fire risk assessments and implementing fire safety measures and emergency procedures.
You must register your business with HMRC before you begin operating. You can register as a sole trader or as a limited company. You will need to register your business name and any other relevant information.
This allows you to calculate and pay your own taxes each year. You will need to track your finances every month and submit any expenses as part of your tax assessment.
Owning a tattoo business can be extremely rewarding in many ways.
Some of the main pros associated with this type of business are:
The tattoo community is very close-knit and can be a great community to be part of. You will likely create connections with other studios, tattoo artists and even tattoo lovers. People within the tattoo community frequently inspire each other and teach each other new techniques and styles.
Tattoo artists are usually passionate artists and love their work. You can create beautiful artwork and design your own art and apply it to your customers’ bodies forever. If you love being artistic and tattoos, running a tattoo business is a great career choice.
As the business owner, you can choose which days of the week to work, your working hours and when you are going to take holiday. You will have the complete freedom to design your schedule. You can choose how little or often to work.
Seeing your artwork on other people’s skin and seeing your customers’ satisfaction can be extremely rewarding. Doing what you love for a profit is extremely rewarding. Many tattoo artists consider tattooing a vocation.
Regardless of what type of tattoo business you choose to open, you can design your perfect business. This includes the style of tattoos you offer, your pricing, your business aesthetic, and your branding.
A tattoo studio can be a great place to work. You will likely be working with other tattoo artists who will all bring something different to the studio. You will also be sitting with your customers for hours at a time, giving you the chance to chat and really get to know them.
Once people find a tattoo artist that they like, they usually use the same artist or studio every time. This repeat business is not only flattering but is also great for your business growth. Satisfied customers may also recommend you to friends and family or to people online.
Compared to many other businesses; a tattoo business is a relatively low-cost enterprise. You can increase the amount of equipment you have as your profits grow and start with just the basic equipment. You could even begin by operating a mobile or at-home business and then open a tattoo studio once your business has grown and you have more expendable income.
You won’t need any specific qualifications to set up a tattoo business. What is most important is your creativity and a steady hand, although previous experience will also be beneficial.
You will have the power to accept or decline any potential customers. If a potential customer seems difficult, or you don’t think the type of tattoo they want plays to your strengths, you can decline to work with them and recommend them another artist instead.
You can offer customer consultations where you discuss what your customer wants and offer advice and insight. Your customer will receive a personalised experience and the possibility for you to design them an individual tattoo. With a personalised experience, the customer is more likely to be more satisfied with your service and recommend you to their family and friends.
Gaining exposure as a tattoo artist is relatively easy, especially with the rise of social media. You can post your designs online and utilise platforms such as Instagram and TikTok to reach more people. Your customers may also tag your business in photos of their tattoos that they post online. Attending tattoo conventions is another great way to gain exposure.
The more experience and exposure you gain, the higher prices you will be able to charge. If you find yourself consistently busy and have a waitlist, you can begin to charge premium prices. You can also increase your income by expanding your studio, hiring more staff or partnering with freelancers and opening other studios. A tattoo business can be extremely lucrative.
If you enjoy being around other people and connecting with new people, running a tattoo business can be extremely rewarding. Most of your day, every day, will be spent with other people and you can meet lots of people in your local community.
However, there are some negative aspects of owning a tattoo business that you should be aware of:
Successful tattoo artists often spend years building up their client base. This could mean you initially receive less custom and earn a lower income. If you have invested a lot of money into your business and can’t initially make a profit, this could result in your business failing.
Particularly in your first few years of operation, your business can have periods with less custom and you can experience a drop in your profits. The instability that can exist in the tattoo industry can have a detrimental impact on your finances, especially if you have consistent outgoings, such as rent and overhead costs to pay.
Most tattoo artists are busier at the weekend when most of their customers aren’t at work. Although this can mean more business at the weekend, it does mean you are working less sociable hours and miss out on important family and social events.
You may think you’ll get to sit down for a lot of the day but don’t underestimate the physical strain on your fingers, hands and wrists. You will need to keep the tattoo machine completely steady at all times to ensure you don’t make any mistakes and this can cause a lot of strain and even result in pain or injury. You may also experience neck and back pain or strain from leaning forward so much.
No matter how skilled a tattoo artist you are, mistakes can always happen. Whether the mistake is through your error, the customer moving or something out of your control, mistakes will be on the customer’s skin forever and can have a negative impact on your business.
Tattooing can be a competitive industry, with there already being many established tattoo studios in the UK. If you have an already established, successful tattoo studio in your area, this can make it more difficult for your business to succeed.
Not only is there a lot of pressure to get every tattoo perfect, but as the business owner, you will face the additional pressure of trying to make your business succeed. You will have a lot of important responsibilities, such as ensuring health and safety. As the business owner, you will also need to make sure the other tattoo artists are happy and that your customers are satisfied.
A tattoo business has many potential risks that could result in liability issues for you and your business. This could include employee accidents or injuries, the risks associated with using certain products and equipment, incorrect tattoos or mistakes and the risks of causing injury to your clients. Not only can this be stressful, but it can also be detrimental to your business.
Tattoo businesses are often more popular in the evening and on weekends. This could result in you working unsociable hours. You also need to factor in the time you will need to spend on administrative duties, ordering equipment, cleaning, and advertising and marketing. Running your tattoo business can be time-consuming.
Starting up a tattoo business can be risky. Many new businesses fail which could result in you losing money or getting into debt. Your business could fail for several reasons, such as high local competition, an ineffective business plan or if the UK encounters another recession or period of financial difficulty.
As you are self-employed, you won’t receive benefits such as pension contributions. You will also be responsible for doing your own taxes and organising your National Insurance contributions.
An effective and well-designed business plan is an essential tool when setting up your tattoo business.
Your business plan should include data such as:
When creating your business plan, you will need to make the following considerations:
Consider your artistic strengths and your local competition when deciding what style of tattoos you will specialise in. Many people look for a specific style of tattoo when searching for a tattoo artist so the style of tattoos you offer can impact your customer base. If you prefer not to specialise, you can offer a variety of styles.
Are you going to set up your own studio, work as a freelancer in an already established studio or work as a mobile or at-home tattooist? You can set up one type of business initially and change your business as your profits grow.
Determining the types of customers you are likely to have can help you to plan your branding and your marketing and advertising strategies. Your typical customers can also influence your price points.
What other tattoo businesses operate in your local area? Are there any businesses specialising in the same tattoo style as you? If so, consider their pricing, the services they offer, their branding, marketing and advertising strategies and what they do well.
Consult the list above to determine your equipment requirements. The equipment you require will depend on the type of tattoo business you run. The types of needles, ink and other equipment you purchase will also depend on the tattoo style you use. Once you have determined your equipment requirements, you can then calculate the initial costs of purchasing the equipment and the monthly replenishment costs.
Consult the list above to help you calculate the approximate costs of setting up and running your tattoo business. Estimate how much initial investment you require and when you are likely to start turning a profit. Calculating your start-up costs can help you determine whether you can finance the business yourself or whether you need to source outside investment. Creating your budget is an important step in your business plan.
There are several considerations you need to make in relation to pricing, such as:
Your business objectives are crucial for creating a successful business plan. Your business objectives highlight the targets and goals of your tattoo business and help you to create a one-year, three-year and five-year business plan to help you grow your business.
Your business objectives should be SMART:
Consult the list of legal requirements above to check you have complied with all requirements and regulations and that all your paperwork is accurate. Failure to comply with legal requirements could have a detrimental effect on your business or could result in a fine, the forced closure of your business or, in serious cases, prosecution.
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Written by Elma Steven | Updated on June, 2024
Tattoo Studio Business Plan is an outline of your overall Tattoo Studio business. The business plan includes a 5 year projection, marketing plan, industry analysis, organizational overview, operational overview and finally the executive summary. Remember to write your executive summary at the end as it is considered as a snapshot of the overall business plan. The creation of a plan requires careful consideration of various factors that might impact the business’s success.
Executive summary.
Overview: East Coast Worldwide Tattoo and Piercing Studio, We are the top-rated studio in the North Florida region. We believe in complete openness with all of our customers. Each consumer deserves the highest level of protection and happiness. We provide a relaxing environment with a competent body art team dedicated to delivering high-quality art and comfort. We can also confidently state that no studio in Florida is cleaner.
Mission: it is our objective to offer you high-quality, personalized tattoos and piercings created by our brilliant artists and excellent customer service
Vision: To become the world’s most respected, successful, and well-known tattoo and piercing studio, not just by deed but also through friendship, understanding, and integrity. Industry Overview: The tattoo industry has witnessed a dynamic evolution, particularly in recent years. As of 2023, it’s valued at approximately $3 billion in the United States alone, with a steady growth trajectory influenced by increasing societal acceptance and a broader demographic appeal. The industry is marked by a rising demand for customized and unique tattoo designs, driven by a younger, diverse clientele seeking self-expression through body art. Additionally, technological advancements in tattoo equipment and inks have enhanced both the safety and quality of tattoos, contributing to the sector’s expanding popularity and professionalization.
Check out this guide on how to write an executive summary? If you don’t have the time to write on then you can use this custom Executive Summary Writer to save Hrs. of your precious time.
Financial Overview:
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The tattoo industry, a vibrant and ever-evolving sector, has become a significant part of the global beauty and personal expression market. As of 2023, the industry in the United States is estimated to be worth around $3 billion, reflecting a consistent growth trend. This expansion can be attributed to various factors, including increased social acceptance of tattoos, a rise in the number of skilled tattoo artists, and an expanding demographic of consumers across all age groups.
Technological advancements have played a crucial role in this growth. Innovations in tattooing equipment and inks have made the process safer and more efficient, thereby attracting a broader client base. These advancements have also allowed for more intricate and diverse designs, catering to the growing demand for personalized and unique tattoos. Furthermore, the rise of social media platforms has provided artists with a powerful tool to showcase their work, reaching wider audiences and fostering a global community of tattoo enthusiasts.
The industry is not without its challenges, however. Stringent regulations, varying by region, impact the operation of tattoo studios, particularly concerning health and safety standards. Additionally, the market faces competition from temporary tattoo alternatives and digital simulation technologies. However, the industry’s resilience is evident in its ability to adapt and innovate, meeting the changing tastes and preferences of consumers. The future of the tattoo industry appears promising, with forecasts suggesting continued growth, driven by an ongoing fascination with body art as a form of personal and artistic expression.
Source: marineagency
While working on the industry analysis section make sure that you add significant number of stats to support your claims and use proper referencing so that your lender can validate the data.
According to market research, the tattoo business will earn an expected $1.7 billion in sales in 2020, up from $1.6 billion in 2019. U.S. Tattoo Parlors, Tattoo Removal, and Body Piercing Services: Research Director and Author, an Industry Analysis weigh-in. “Tattoos and body art have recently gained popularity in the United States, particularly among Millennials, supporting an industry of 20,000 tattoo parlors or studios.” The $3 billion markets, including body piercing and tattoo removal, are rapidly expanding.”
The industry is predicted to increase at almost 8% each year over the next ten years. Its cultural significance may be attributed to its success. This nearly 8% rise is due to the growing popularity of tattoos and younger generations opting for more costly bespoke work over less expensive predesigned (or flash) graphics. Customer return rates skyrocket once they’ve been tattooed. While the overall number of tattoo customers grew, earnings per tattoo grew, with millennials between the ages of 18 to 35 leading the way.
According to the Harris Poll, a small company industry research organization, about 47% of millennials have at least one tattoo, 37% have two, and 15% have five or more. Tattoo removal has become more common as the tattoo business has grown in prominence. According to American Academy for Dermatologic Surgery, 687,450 tattoos have been erased since 2010. today’s tattoos, the operation is not only time-consuming but also costly.
The global tattoo market has been developing quicker with considerable growth rates in recent years, and it is expected to rise considerably in the anticipated period, 2019 to 2026.
For the projected period (2017–2026), the Global Tattoo Industry study offers a comprehensive market analysis. The research is divided into sections and includes an analysis of the market’s trends and dynamics. These elements, referred to as market dynamics, have the drivers, constraints, opportunities, and challenges and the market’s effect on these aspects. Market intrinsic variables are drivers and restrictions, while extrinsic market aspects are opportunities and challenges. The Global Tattoo Market report forecasts revenue growth throughout the forecast period.
In 2022, the Tattoo Artists sector will have a market size of 1.4 billion dollars in sales. In 2022, the Tattoo Artists market is estimated to grow by 5.4%. Between 2017 and 2022, the Tattoo Artists market in the United States grew at an annual rate of 8.4 percent. The Tattoo Artists industry grew at a greater rate than the real economy in the United States. The Tattoo Artists industry grew faster than the Consumer Goods and Services sector in the United States. The number of people aged 20 to 64 is the most significant negative element impacting this business. At the same time, an increasing life cycle stage is the most important positive aspect. Tattoo demand is driven mainly by adults between the ages of 20 and 64. This group is the most likely to have a tattoo, mainly before 50. The number of persons aged 20 to 64 is predicted to rise in 2021, providing the business with a potential opportunity.
A marketing plan outlines the company’s strategy to promote its products or services to its target audience. It includes specific tactics and channels the business will use to reach potential customers. This section defines the company’s unique value proposition, identifies the target market segments, and discusses the competitive landscape. It also includes insight into budget allocation, projected outcomes and key performance indicators to measure success. Marketing plan helps businesses demonstrate their understanding of the market dynamics, their positioning within the industry and their approach to driving customer engagement and sales.
Content Marketing : Create a blog on the website with material catering to prospective customers of East Coast Worldwide Tattoo and Piercing Studio.
Discounts : Provide multiple rewards or incentives where members of East Coast Worldwide Tattoo and Piercing Studio get a deal if they successfully recommend someone.
Social Media: Engage and promote on Twitter, publish news on Facebook, and utilize Instagram to promote curated photos of your space and events. Think about if you have a place in your budget for Facebook Marketing or other social media-focused ads.
SEO (Search Engine Optimization) Local SEO makes it easier for local consumers to find out what you have to offer. It creates trust with potential members seeking what your place offers. Email Marketing: Sending automated in-product and website communications to reach out to consumers at the right time. Remember that if your client or target views your email as really important, they are more likely to forward it or share it with others, so include social media share buttons in every email.
A financial plan of a Barber Studio business plan provides a comprehensive projection of a company’s financial health and its anticipated monetary performance over a specified period. This section encompasses a range of financial statements and projections such as profit and loss statements, balance sheets, cash flow statements and capital expenditure budgets. It outlines the business’s funding requirements, sources of finance and return on investment predictions. The financial plan gives stakeholders particularly potential investors and lenders a clear understanding of the company’s current financial position. A financial plan helps businesses demonstrate their financial prudence, sustainability, and growth potential.
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July 30, 2024 By Good Giant
“Our mission is to create a distinctive tattoo experience for each of our clients,” said Charles Payne, owner of Prison Blues Tattoo Studio. “We pride ourselves on our quick-fire creativity and passion for exceptional artistry, and all guests will get to enjoy phenomenal tattooing in the heart of Reno.”
Payne has been tattooing for nearly 30 years, picking up a machine in 1996, he has since gone on to ink thousands of people creating lasting art pieces. No stranger to Nevada, Payne ran Payneless Tattoo in Fernley for six years, earning the trust from clients as the go-to shop for high-quality tattoos. During this time, he also owned and operated a mobile tattoo truck, reaching clients at events including Night in the Country and Armed Forces Days. Following his time in Fernley, Payne packed up and hit the Strip, setting up at Vegas Ink for two years, honing his craft and learning from some of the world’s best artists.
Returning to Northern Nevada, Payne spent time tattooing in Tahoe, where he decided it was time to pursue his goal of creating a destination tattoo shop. Payne approached the GSR with an idea of a unique location catering to both locals and tourists. After months of preparation, Prison Blues Tattoo Studio was born. The name is inspired by all of the incredible concert acts that have played at the Grand Theatre, and the studio hopes to honor those acts in ways that guests won’t want to miss.
Prison Blues Tattoo Studio will offer a wide-range of services to clients, including free tattoo consultations with five talented artists each with 10 years of experience, making it easy to explore options and make informed decisions. In addition to the studio’s tattooing services, Prison Blues Tattoo Studio also provides ear, body and facial piercings, from two experienced piercers, offering guests a full spectrum of body art possibilities.
Walk-in sessions are available, but clients are encouraged to book an appointment via the studio’s flexible online booking.
The studio’s prime location within the GSR provides clients with access to an array of amenities that go beyond the classic tattoo shop experience. Following a session, guests can enjoy the resort’s diverse dining selection and exciting entertainment options — all just steps away from the studio.
Prison Blues Tattoo Studio is open Thursday through Monday from 10 a.m. to 2 a.m. and Tuesday through Wednesday from 5 p.m. to 12 a.m.
For more information, or to book an appointment, visit prisonbluestattoo.com or grandsierraresort.com .
ABOUT GRAND SIERRA RESORT Located in the heart of the beautiful Reno-Tahoe region, Grand Sierra Resort (GSR) is an all-encompassing casino-resort with nearly 2,000 newly renovated guest rooms and suites, 200,000 square feet of meeting and convention space, 1,400 slot machines, 45 table games, a poker room featuring seven tables and the Infinity High Limit Room. The destination’s premier gaming property offers visitors a wide variety of amenities including the 2,500+ capacity, critically-acclaimed Grand Theatre, home to Reno-Tahoe’s finest entertainment experience, exhilarating nightlife at the spectacular LEX Nightclub, more than a dozen delectable restaurant and dining choices including Charlie Palmer Steak and Lounge, a spa, branded retail shopping, a remarkable year-round outdoor pool and fire pit experience, Reno’s largest outdoor ice skating rink, a two-screen cinema, a 50-lane bowling center, adrenaline-pumping rides and an aqua golf driving range. GSR players can also enjoy the perks of an Infinity Rewards membership, a joint loyalty program between GSR and its sister resort SAHARA Las Vegas, that gives players the opportunity to earn and redeem rewards across both destinations. GSR is a minority-owned business certified by the Western Regional Minority Supplier Development Council. For more information, please visit grandsierraresort.com or to make reservations call 1-800-648-5080. For the latest and greatest news on GSR, find us on Facebook, Instagram and Twitter.
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Lionsgate to eliminate studio’s dual-class share structure.
Investors will get to vote on a plan to collapse two classes of shares into one class and offer a 12 percent premium to class A voting shareholders.
By Etan Vlessing
Canada Bureau Chief
Lionsgate is moving ahead with a plan to collapse its dual-class share structure into a single class of stock by offering a 12 percent premium to class A voting shareholders.
The studio, led by CEO Jon Feltheimer, in an SEC filing on Monday said a special committee of the board explored ending the dual-class voting structure ahead of a spinoff of its studio business, and that Lionsgate’s board of directors approved the proposed plan at a meeting on July 25.
Nicolas cage's 'the surfer' lands at lionsgate, roadside attractions, lionsgate nabs 'power ballad' musical comedy starring paul rudd, nick jonas.
To that end, Lionsgate’s standalone film and TV studio business, Lionsgate Studios, has begun trading on the NASDAQ Exchange separate from the major studio’s Starz business and under the ticket symbol LION. Lionsgae expected to raise $350 million in proceeds from that corporate move.
Launching Lionsgate Studios on NASDAQ aimed to give the Hollywood studio options before completing a long-awaited separation of the film and TV studios and Starz, including raising fresh capital and merging with existing businesses.
Lionsgate Studios is made up of Lionsgate’s Motion Picture Group and Television Studio business, along with a 20,000-strong film and TV library.
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FILE – Paul Whelan, a former U.S. Marine who was arrested on espionage charges, listens to the verdict in court in Moscow, Russia, June 15, 2020. (Sofia Sandurskaya/Moscow News Agency via AP, File)
FILE – Wall Street Journal reporter Evan Gershkovich stands listening to the verdict in a glass cage of a courtroom inside the building of “Palace of justice,” in Yekaterinburg, Russia, July 19, 2024. (AP Photo, File)
By ERIC TUCKER, DASHA LITVINOVA and MATTHEW LEE WASHINGTON (AP) — A massive prisoner swap involving the United States and Russia was underway Thursday, a person familiar with the matter said. The person, who spoke on the condition of anonymity because details had not been publicly disclosed, did not specify who is included in the […]
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Nicolás Maduro was declared the winner of Venezuela’s presidential election despite widespread irregularities. Here are some tools autocrats like Mr. Maduro use to stay in power.
By Eve Sampson
President Nicolás Maduro was declared the winner of Venezuela’s presidential vote on Monday despite glaring election irregularities, plunging the country into widespread protests .
The vote came after millions of Venezuelans had rallied behind the opposition candidate, Edmundo González , who stood in for the popular opposition leader, María Corina Machado , who was barred from running by Mr. Maduro’s government. Mr. Maduro was declared the winner by the country’s electoral authority, which did not release a full vote count, fueling suspicions about the credibility Mr. Maduro’s claim of victory.
Ms. Machado called the results “impossible,” and many pointed to government interference at polling stations.
This is not the first time Mr. Maduro’s administration has been accused of reporting false election results . Like other authoritarian leaders across the world, Mr. Maduro has employed myriad tactics to rig elections in an attempt to garner legitimacy by skewing the democratic process.
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Co-opting different arms of the government, such as the judiciary or its legislative body is a common tool used by authoritarian governments to rig elections.
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If you're looking to start a tattoo shop or grow your existing tattoo studio, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your tattoo shop to improve your chances of success. Your business plan is a living document that should be updated annually as your company grows and changes.
Explore a real-world tattoo parlor business plan example and download a free template with this information to start writing your own business plan. ... increasing legal pressure from tax authorities to reclassify these artists as employees as most work primarily in one studio. $100 is a standard market rate for one hour with a tattoo artist ...
July 23, 2024. Business Plan. Creating a comprehensive business plan is crucial for launching and running a successful tattoo parlor. This plan serves as your roadmap, detailing your vision, operational strategies, and financial plan. It helps establish your tattoo parlor's identity, navigate the competitive market, and secure funding for growth.
Writing a tattoo shop business plan is a crucial step toward the success of your business. Here are the key steps to consider when writing a business plan: 1. Executive Summary. An executive summary is the first section planned to offer an overview of the entire business plan. However, it is written after the entire business plan is ready and ...
July 14, 2023. Starting a tattoo shop business is a great idea because it is a profitable industry and provides customers with a unique and personal service. Additionally, it is a creative and artistic outlet for entrepreneurs to express themselves and build a successful career. However, prior to that, you must have a business plan.
Tattoo Shop Business Plan Template. You've come to the right place to create your Tattoo Shop business plan. We have helped over 1,000 entrepreneurs and business owners create business plans and many have used them to start or grow their Tattoo Shops. Below is a template to help you create each section of your Tattoo Shop business plan.
Sample Tattoo will be involved only in tattooing where the artists will perform ordinary and customized tattoos based on the client's needs and requirements. The pricing is based on a per hour basis. The pricing for tattoo service is provided below: Consultation. $250 deposit (non-refundable) Customized Tattoos.
Step 3: Brainstorm a Tattoo Studio Name. Here are some ideas for brainstorming your business name: Short, unique, and catchy names tend to stand out. Names that are easy to say and spell tend to do better. Name should be relevant to your product or service offerings.
Opening a tattoo shop can normally cost between $20,000 and $25,000. However, it can exceed based on your size, services, setup, and marketing costs. On the other hand, costs for opening a small home-based tattoo studio may range between $2,000 and $5,000, depending on the equipment and supplies you need to purchase.
4. Register your business. Registering your business with state and local governments is a key step that allows you to legally run your tattoo shop under your chosen business name. To begin, use the Small Business Association's tool to identify the agency that regulates business formations in your state.
Business Plan: Tattoo Haven Studio. Using Tattoo Haven Studio as our brand name, here is an example of a template for your tattoo studio: 1. Executive Summary. Tattoo Haven Studio is a premium tattoo establishment that aims to provide high-quality tattoo artistry in a safe, welcoming, and creative environment.
How to Write a Tattoo Studio Business Plan in 7 Steps: 1. Describe the Purpose of Your Tattoo Studio Business. The first step to writing your business plan is to describe the purpose of your tattoo studio business. This includes describing why you are starting this type of business, and what problems it will solve for customers.
2. Draft a tattoo studio business plan. Creating a well-structured business plan is a crucial step in launching a successful tattoo studio. It serves as a roadmap that outlines your business goals, strategies, and how you plan to achieve them. Below are key points to include in your tattoo studio business plan:
Business incorporating fees in the United States of America will cost - $750. The budget for Liability insurance, permits and license will cost - $3,500. Acquiring a facility for our tattoo studio for at least 6 months (Re - Construction of the facility inclusive) will cost - $100,000.
2.1 The Business. Jerry's Tattoo Studio will be a licensed and registered tattoo studio which will provide customized tattooing, body piercing and tattoo maintenance and removal services. The business will be based in downtown Chicago which is an ideal location for starting a tattoo shop.
Let's go over some of the main steps involved in starting a potentially long-lasting body ink business. Table of Contents. Steps on how to start a tattoo business. Think about location. Decide what to sell. Draft your tattoo shop business plan. Begin marketing & advertising. Get your prices right. Get licensed to ink.
The Tattoo Studio Guide toShop Ownership & Operations. Executive Summary: This section provides an overview of your business plan, including your studio's mission, the services you'll offer, and your unique selling propositions. It should be compelling enough to capture the interest of potential investors or partners.
A full set of tattoo equipment usually costs between £500 and £3,000. The more equipment you require and the higher the specification of the equipment, the more money you can expect to pay. If you need to furnish your tattoo studio and purchase tattoo beds and chairs, you can expect to pay an additional £2,000-£10,000.
Tattoo Studio Business Plan is an outline of your overall Tattoo Studio business. The business plan includes a 5 year projection, marketing plan, (+1) 9784800910, (+44) 020 3097 1639 [email protected] 0 Items. GET FUNDED. Get Funded. We have helped raise more than $300 million using our business plans!
In addition to the studio's tattooing services, Prison Blues Tattoo Studio also provides ear, body and facial piercings, from two experienced piercers, offering guests a full spectrum of body art possibilities. Walk-in sessions are available, but clients are encouraged to book an appointment via the studio's flexible online booking.
Bitterroot Tattoo Studio was founded in August 2013 by Simon Gentry and has grown to include his apprentice Karla Dagovitz. The Studio passed down to Karla, and now to owners and tattooers Keiffer Becker, and Jasán Lagrimanta. We also have tattooer Nick Kaltenbach and shop assistant extraordinaire Ronnie Davis.
Business profile of Falling Moon Tattoo Studio, located at 610 South Main St, Moscow, ID 83843. Browse reviews, directions, phone numbers and more info on Falling Moon Tattoo Studio.
Untamed Art Tattoo Studio is located at 122 E 3rd St in Moscow, Idaho 83843. Untamed Art Tattoo Studio can be contacted via phone at (208) 883-9690 for pricing, hours and directions.
The Village, June 2017. The Village and the Faux Pas tattoo studio again offer to confess their eternal love for Moscow in the most radical way - to get a tattoo at the 'Lastochka' festival. At the request of the publisher the artists of the studio offered their vision of the symbols of the modern capital. More.
Specialties: Here at Sparrow Tattoo Studio, we take pride in satisfying our customers with what they want in a tattoo. Tattoos tell a story. They tell YOUR story. Words are just words that can go through one ear and out the other, but a tattoo separates your story from the rest of the world. Let us help tell your story. Come in today!
Warner Bros Discovery has discussed a dramatic plan to split its digital streaming and studio businesses from its legacy television networks as the US media giant behind CNN and HBO weighs options ...
Lionsgate to Eliminate Studio's Dual-Class Share Structure. Investors will get to vote on a plan to collapse two classes of shares into one class and offer a 12 percent premium to class A voting ...
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By ERIC TUCKER, DASHA LITVINOVA and MATTHEW LEE WASHINGTON (AP) — A massive prisoner swap involving the United States and Russia was underway Thursday, a person familiar with the matter said.
Co-opting different arms of the government. Co-opting different arms of the government, such as the judiciary or its legislative body is a common tool used by authoritarian governments to rig ...