Makeup Artist Business Plan Template

Written by Dave Lavinsky

makeup artist business plan template
Table of Contents
Table of Contents

If you’re looking to create a makeup artist business plan, you’ve come to the right place!

Over the past 25 years, the PlanPros team has helped over 1 million entrepreneurs and business owners write business plans….and many of them have started and grown successful makeup artist businesses. Our makeup artist business plan example below is sure to help you!

Makeup Artist Business Plan Example

Below is our makeup artist business plan template and sample plan created using what we consider the best ai business plan generator:
 

I. Executive Summary

Company Overview

At Flawless Radiance Makeup Artistry, we are thrilled to offer our top-notch makeup artistry services to the bustling community of Richland, WA. Our mission is to fill the market gap by providing high-quality, affordable makeup services for any occasion, whether it be a bride’s special day, a milestone photoshoot, or a professional commercial project. Our team is committed to delivering exceptional makeup applications that highlight and enhance each client’s unique beauty. From bridal makeup and hair to special occasions styling, our comprehensive suite of services ensures that every client leaves feeling confident and radiant. Based in the heart of Richland, WA, we are dedicated to becoming a foundational pillar for beauty services within our cherished city and its surrounding regions.

Success Factors

Our confidence in the success of Flawless Radiance Makeup Artistry is rooted in our collective experience and unwavering commitment to excellence. Our team’s extensive knowledge and skill in makeup artistry, coupled with our unmatched client service, uniquely position us in the beauty industry of Richland, WA. Since our establishment as a Limited Liability Company on December 18, 2023, we have achieved several milestones: we’ve established our brand identity, secured a prime office space, built relationships with top-notch suppliers, and formed a strategic partnership with a local wedding venue. These accomplishments demonstrate our strong foundation in the beauty sector and our readiness to serve our community with unparalleled makeup services.

Industry Analysis

The Makeup Artist industry in the United States is experiencing significant growth, with a market size that reached approximately $5 billion in 2020. This growth is driven by factors like the rising influence of social media and the increasing demand for professional makeup services for special events. The industry is projected to continue growing at a compound annual growth rate of 3.4% from 2020 to 2025, fueled by a consumer preference for personalized beauty experiences and a heightened awareness of skincare and makeup routines. Flawless Radiance Makeup Artistry is perfectly positioned to leverage these positive industry trends. The growing demand for makeup services in Richland, WA, combined with our commitment to using high-quality, eco-friendly makeup products, sets us up for success and establishes us as a leading choice for makeup artistry in the region.

Customer Analysis

Flawless Radiance Makeup Artistry targets primarily brides and bridesmaids, offering them exceptional makeup services to ensure they look their best on the big day. By tailoring our services to each bride’s unique needs and preferences, we guarantee confidence and radiance. Additionally, we cater to women attending special events or participating in photoshoots, providing customized makeup looks suited to the occasion. Our versatility in creating both glamorous and natural looks attracts a wide range of customers seeking professional makeup services. Moreover, we extend our offerings to individuals interested in personal makeup consultations and tutorials, building a loyal customer base that values expert advice and high-quality makeup artistry.

Competitive Analysis

Our main competitors include REBEL, Atlas Beauty, and Miss Sam Microblading & Permanent Makeup Academy, each offering unique beauty services in our region. Unlike REBEL’s focus on avant-garde makeup, Atlas Beauty’s broad service range, and Miss Sam’s specialization in permanent makeup, Flawless Radiance Makeup Artistry prides itself on our extensive experience and ability to create diverse, tailored looks that enhance each client’s natural beauty. Our focus on customer satisfaction, coupled with our strategic location in Richland and our use of high-quality products, allows us to provide a personalized and convenient service that sets us apart in the market.

Marketing Plan

Flawless Radiance Makeup Artistry offers a wide range of beauty services, from bridal makeup and hair to special occasion styling, at competitive prices. Our dedication to excellence ensures that every client’s experience is memorable and flawless. We leverage both traditional and digital marketing strategies, including participating in local events, maintaining a strong social media presence, and implementing a referral program, to build and maintain our clientele. Additionally, forming partnerships with local businesses and engaging in content marketing will further establish our presence in the beauty industry and attract a diverse customer base in Richland, WA.

Operations Plan

Our daily operations include managing bookings, maintaining a well-stocked inventory, implementing strict hygiene practices, and staying current with the latest makeup trends. Networking with local professionals and engaging with customers on social media are also key components of our operational plan. We aim to complete several milestones in the coming months, such as securing a physical location, developing a portfolio, launching a marketing campaign, and reaching financial and customer service goals, to ensure the success and growth of Flawless Radiance Makeup Artistry.

Management Team

Under the leadership of Madelyn Ramos, our CEO with 15 years of experience in the makeup industry, our management team possesses the expertise required to successfully execute our business plan. Madelyn’s artistic vision, in-depth knowledge of beauty trends, and operational skills are instrumental in guiding Flawless Radiance Makeup Artistry towards achieving our mission of delivering beauty and confidence to our clientele.

Financial Plan

To achieve our growth goals, Flawless Radiance Makeup Artistry requires $106,750 in funding. This investment will be allocated towards capital and non-capital investments such as location buildout, equipment, initial working capital, staff salaries, marketing and advertising, supplies, and insurance. These funds will lay the foundation for our business to expand operations, reach a wider client base, and achieve financial sustainability.

Summary

Below is an overview of our expected financial performance over the next five years:

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues $385,198 $459,850 $548,971 $655,363 $782,375
Direct Expenses $0 $0 $0 $0 $0
Gross Profit $385,198 $459,850 $548,971 $655,363 $782,375
Gross Profit (%) 100% 100% 100% 100% 100%
Other Expenses $327,663 $337,604 $347,846 $358,400 $369,273
EBITDA $57,535 $122,246 $201,124 $296,963 $413,101
Depreciation $7,000 $7,000 $7,000 $7,000 $7,000
Amortization $0 $0 $0 $0 $0
Interest Expense $10,675 $10,675 $10,675 $10,675 $10,675
Income Tax Expense $13,951 $36,600 $64,207 $97,750 $138,399
Net Income $25,909 $67,971 $119,242 $181,537 $257,027

 

II. Company Overview

Welcome to Flawless Radiance Makeup Artistry, a fresh and innovative Makeup Artist service located in Richland, WA. Our mission is to provide exceptional makeup services for weddings, special events, photoshoots, videos, and commercials. Recognizing a gap in the market for high-quality, yet affordable makeup artistry, we are here to fill that void and offer unparalleled services to our customers.

Products & Services

At Flawless Radiance Makeup Artistry, we offer a wide range of services tailored to meet the needs of our clients for their special day or event. Our pricing is as follows:

  • Bridal Makeup & Hair: $500
  • Bridal Makeup: $250
  • Bridal Hair: $250
  • Bridal Touch-ups per hour: $225
  • Bridesmaids Makeup & Hair: $200
  • Bridesmaids Makeup: $100
  • Bridesmaids Hair: $100
  • Special/Other Occasions Makeup & Hair: $250
  • Special/Other Occasions Hair: $150
  • Special/Other Occasions Makeup: $150

Location

Our base is in the heart of Richland, WA, enabling us to conveniently serve customers within this vibrant community and its surrounding areas. Our location is central, making it easy for clients to visit us for consultations and trial sessions.

Why We Will Succeed

We are confident in our path to success for several reasons. Our team comprises experienced makeup artists who are passionate about what they do. We are committed to delivering the highest quality service, ensuring that our clients look and feel their best for any occasion. Our extensive experience in makeup artistry sets us apart, further enhanced by our dedication to making our clientele feel good and look flawless.

Our Journey So Far

Since our inception on December 18, 2023, Flawless Radiance Makeup Artistry has achieved significant milestones as a Limited Liability Company. Our achievements include naming our company, securing office space, establishing relationships with top-tier suppliers, and forming a strategic partnership with a local wedding venue. These accomplishments mark just the beginning of our journey, and we are excited about the future of providing unparalleled makeup artistry services in Richland, WA.

 

III. Industry Analysis

The Makeup Artist industry in the United States is currently experiencing significant growth and shows no signs of slowing down. According to a report by IBISWorld, the market size of the industry reached approximately $5 billion in 2020. This growth can be attributed to various factors such as the rising popularity of social media influencers and the increasing demand for professional makeup services for special events like weddings and parties.

Furthermore, the Makeup Artist industry is expected to continue its upward trajectory in the coming years. The same IBISWorld report predicts a compound annual growth rate of 3.4% from 2020 to 2025. This projected growth is driven by the growing consumer preference for personalized beauty experiences and the increasing awareness of the importance of skincare and makeup routines. As a result, the market offers ample opportunities for new entrants like Flawless Radiance Makeup Artistry to thrive and establish a strong presence in the industry.

Flawless Radiance Makeup Artistry is well-positioned to capitalize on the positive trends in the Makeup Artist industry. The growing demand for makeup services, particularly in Richland, WA, presents a lucrative market for the business. Moreover, the increasing emphasis on natural and organic beauty products aligns well with Flawless Radiance’s commitment to using high-quality, eco-friendly makeup products. By staying up-to-date with the latest makeup trends and techniques, Flawless Radiance can attract a loyal customer base and establish itself as a go-to destination for all makeup needs in the region.

 

IV. Customer Analysis

Below is a description of our target customers and their core needs.

Target Customers

Flawless Radiance Makeup Artistry will target brides and bridesmaids as their primary customer segment. These clients are looking for exceptional makeup services for their big day, seeking to look their best in person and in photographs. The business will tailor its offerings to meet the unique needs and preferences of each bride, ensuring they feel confident and radiant.

Additionally, women attending special events, participating in photoshoots, or celebrating other special occasions will also form a significant part of the clientele. Flawless Radiance Makeup Artistry will offer customized makeup looks that cater to the specific requirements of these events, whether it’s a glamorous evening look or a more natural, daytime appearance. This versatility will attract a diverse range of customers seeking professional makeup services.

Flawless Radiance Makeup Artistry will also extend its services to individuals looking for personal makeup consultations and tutorials. This segment includes women interested in learning about makeup application techniques and finding the products that best suit their skin type and tone. By providing these personalized services, the business will build a loyal customer base that values expert advice and high-quality makeup artistry.

Customer Needs

Customers expect high-quality makeup services that enhance their natural beauty without compromising on the product’s integrity. Flawless Radiance Makeup Artistry understands this need and ensures that only the best products are used, keeping the client’s skin health and aesthetic preferences in mind. This commitment to quality guarantees satisfaction and helps build a loyal customer base.

Alongside excellence in service, fair pricing remains a critical factor for customers seeking professional makeup artistry. Flawless Radiance Makeup Artistry addresses this by offering competitive rates that reflect the value and expertise provided. Clients appreciate the transparent pricing model, which allows them to access premium services without breaking the bank.

In addition to quality and affordability, convenience and personalized experiences are paramount. Clients can expect a seamless booking process and consultations that cater to their unique needs and occasions. This personalized approach not only elevates the customer’s experience but also ensures that every look created by Flawless Radiance Makeup Artistry is as unique as the individual wearing it.

 

V. Competitive Analysis

Direct Competitors

Flawless Radiance Makeup Artistry’s competitors include the following companies:

REBEL specializes in offering a wide range of makeup services, including bridal makeup, editorial looks, and personalized makeup consultations. Their price points are competitively set, aiming to cater to mid to high-end market segments. REBEL operates primarily in urban areas, emphasizing their presence in fashion-forward cities. This brand’s key strength lies in its bold and innovative makeup styles, appealing to a younger demographic looking for unique and trend-setting looks. However, a potential weakness could be its narrower appeal to mainly younger customers, possibly limiting its market reach.

Atlas Beauty offers a comprehensive suite of beauty services beyond makeup, including skincare consultations and treatments, which broadens its market. Their services are priced to attract a diverse clientele, from budget-conscious individuals seeking quality makeup services to those willing to invest in more luxurious beauty treatments. Atlas Beauty serves customers across a variety of locations, with a strong online presence that allows for booking and consultations. Their key strength is the holistic approach to beauty, offering services that complement their makeup artistry, such as skincare. This could also be seen as a weakness, as the broad focus might dilute their branding as makeup specialists.

Miss Sam Microblading & Permanent Makeup Academy focuses on long-term beauty solutions, offering microblading, eyeliner tattooing, and other permanent makeup services. They target a niche market, appealing to customers interested in semi-permanent makeup solutions. Their services are at a higher price point, reflecting the specialized nature and longevity of the treatments offered. Located in areas with high demand for permanent makeup services, they cater to customers across various demographics, including those with busy lifestyles or specific beauty needs. A key strength is their specialization in permanent makeup, establishing them as experts in this field. However, this specialization might limit their customer base to those specifically seeking permanent makeup solutions.

Competitive Advantages

At Flawless Radiance Makeup Artistry, our extensive experience in makeup artistry sets us apart from the competition, offering a superior level of skill and creativity to our clientele. Our team possesses a deep understanding of various makeup techniques and trends, enabling us to cater to a wide range of preferences and occasions. We pride ourselves on our ability to enhance each client’s natural beauty, ensuring they feel confident and radiant. By staying abreast of the latest developments in the beauty industry, we continuously refine our craft, guaranteeing our clients receive nothing but the best.

Moreover, our commitment to making our clientele feel good about themselves is at the core of what we do. We understand that makeup is not just about appearances; it’s about feeling empowered and self-assured. Our personalized approach means we take the time to listen to our clients, understand their needs, and tailor our services to suit their individual requirements. This empathetic and attentive service creates a comfortable and enjoyable experience, fostering a sense of trust and loyalty among our clientele. In addition to our expertise and dedication to customer satisfaction, we also leverage high-quality products and innovative techniques, further ensuring an impeccable finish every time. These competitive advantages allow us to deliver unparalleled makeup artistry services in our community.

 

VI. Marketing Plan

Our marketing plan, included below, details our products/services, pricing and promotions plan.

Products, Services & Pricing

Flawless Radiance Makeup Artistry offers an exquisite range of beauty services tailored to meet the unique needs of every client. Whether you are a bride-to-be, a bridesmaid, or looking to shine at a special occasion, our expert team is dedicated to ensuring you look and feel your absolute best. Explore our diverse range of services and their respective prices below.

Bridal Beauty Services

Our bridal services are designed to make every bride glow on her special day. We offer comprehensive Bridal Makeup & Hair packages for $500, ensuring a harmonious and stunning look that lasts throughout the day. For brides focusing on specific aspects of their look, we provide Bridal Makeup and Bridal Hair services individually, each priced at $250. Understanding the importance of maintaining perfection, we also offer Bridal Touch-ups at $225 per hour, keeping you flawless from ceremony to reception.

Bridesmaids Beauty Services

A bridesmaid’s look complements the bride’s, enhancing the overall aesthetic of the wedding. For this reason, we offer specialized Bridesmaids Makeup & Hair packages at $200. These packages are crafted to ensure each bridesmaid feels beautiful and confident. Individual services for makeup or hair are also available at $100 each, allowing for flexible options to suit different needs.

Special/Other Occasions

Flawless Radiance Makeup Artistry isn’t just for weddings. We cater to all types of special occasions, from proms to galas, ensuring you look your best no matter the event. Our Special/Other Occasions Makeup & Hair package is available at $250, offering a complete makeover that will surely turn heads. For those focusing on either makeup or hair styling, we provide each service at $150, allowing for a tailored approach to beauty.

At Flawless Radiance Makeup Artistry, we are committed to providing exceptional beauty services that reflect your personal style and preferences. Our professionals use only the highest quality products and techniques to ensure your look is nothing short of perfection. Contact us today to schedule your appointment and experience the transformative power of expert makeup and hair styling.

Promotions Plan

Flawless Radiance Makeup Artistry employs a dynamic array of promotional methods to attract and maintain a robust clientele base in Richland, WA. Understanding the power of visibility and word-of-mouth, this enterprise leverages both traditional and innovative tactics to ensure its services are not only recognized but also preferred among potential customers.

Networking

At the forefront of its promotional efforts, Flawless Radiance Makeup Artistry places a significant emphasis on networking. By actively participating in local events, beauty trade shows, and bridal fairs, the business establishes strong connections with potential clients and other industry professionals. Networking allows for the direct engagement with the community, building trust and recognition that is invaluable for a service-oriented business.

Digital Marketing

In today’s digital age, Flawless Radiance Makeup Artistry embraces the power of online platforms. The business will maintain a strong social media presence across various channels such as Instagram, Facebook, and Pinterest. By showcasing before-and-after photos, sharing makeup tips and tutorials, and highlighting customer testimonials, the business will engage with its audience in an interactive and personal way. Additionally, a well-designed website will serve as a central hub for showcasing services, prices, and booking information, making it easy for clients to make informed decisions.

Referral Programs

Understanding the value of word-of-mouth referrals, Flawless Radiance Makeup Artistry will implement a referral program. Satisfied customers will be encouraged to refer friends and family, receiving discounts or special offers in return. This method not only fosters a sense of community but also incentivizes repeat business and attracts new clients through trusted recommendations.

Local Partnerships

Building relationships with local businesses such as bridal shops, hair salons, and photography studios will be another cornerstone of the promotional strategy. These partnerships will allow for cross-promotion, where each party can refer clients to one another. It’s a mutually beneficial arrangement that increases visibility and customer base for all involved.

Content Marketing

To further establish its authority and expertise in the beauty industry, Flawless Radiance Makeup Artistry will engage in content marketing. By creating and sharing informative blog posts, how-to guides, and video tutorials, the business will not only provide value to its audience but also improve its search engine ranking, making it more likely to be found by potential clients searching for makeup services online.

Email Marketing

Last but not least, Flawless Radiance Makeup Artistry will utilize email marketing to keep in touch with its clients. Through regular newsletters that highlight new services, special promotions, and beauty tips, the business will stay top of mind for its clientele, encouraging repeat bookings and fostering a loyal customer base.

In summary, Flawless Radiance Makeup Artistry employs a comprehensive mix of promotional methods designed to attract and retain customers. Through a combination of networking, digital marketing, referral programs, local partnerships, content marketing, and email marketing, the business is well-poised to thrive and emerge as a leading makeup artistry provider in Richland, WA.

VII. Operations Plan

Our Operations Plan details:

  1. The key day-to-day processes that our business performs to serve our customers
  2. The key business milestones that our company expects to accomplish as we grow

 

Key Operational Processes

To ensure the success of Flawless Radiance Makeup Artistry, there are several key day-to-day operational processes that we will perform.

  • Appointment Scheduling: We maintain an organized and up-to-date scheduling system to book, confirm, and manage appointments efficiently. This includes sending reminders to clients to reduce no-shows.
  • Client Consultations: We conduct thorough consultations with new clients to understand their preferences, skin types, and desired looks. This ensures personalized and satisfactory service.
  • Inventory Management: We regularly check and restock makeup supplies, tools, and products to ensure we always have what we need to cater to our clients’ diverse needs.
  • Sanitation and Hygiene: We uphold strict sanitation practices, cleaning and disinfecting all makeup tools and work areas before and after each client to maintain a safe and hygienic environment.
  • Financial Management: We diligently record all transactions, including income and expenses, to monitor the financial health of the business and make informed decisions.
  • Marketing and Promotion: We actively engage in marketing activities, such as social media promotion and email marketing, to attract new clients and retain existing ones.
  • Client Feedback Collection: We seek and review feedback from clients after each service to identify areas for improvement and ensure high client satisfaction.
  • Professional Development: We stay informed about the latest makeup trends, techniques, and products by attending workshops, training sessions, and industry events to enhance our skills and services.
  • Quality Control: We perform regular assessments of the services provided to ensure they meet our high standards of quality and professionalism.
  • Networking: We establish and maintain relationships with suppliers, other beauty professionals, and local businesses to facilitate referrals and collaborative opportunities.

Milestones

Flawless Radiance Makeup Artistry expects to complete the following milestones in the coming months in order to ensure its success:

  • Establishing a Strong Digital Presence: Launch an attractive, user-friendly website and active social media profiles on platforms popular with our target market (e.g., Instagram, Facebook, TikTok) within the first 3 months. This presence will help in showcasing our work, sharing customer testimonials, and engaging with potential clients.
  • Building a Robust Portfolio: Compile a diverse and high-quality portfolio of work within the first 6 months. This portfolio should include before-and-after photos of clients to demonstrate the range and quality of makeup artistry skills, potentially attracting a wider client base.
  • Securing Key Partnerships and Supplier Agreements: Form partnerships with local businesses (e.g., wedding planners, photography studios, event organizers) and secure favorable terms with makeup suppliers within the first 9 months. These partnerships can provide a steady stream of referrals and ensure cost-effective procurement of makeup supplies.
  • Implementing a Customer Loyalty and Referral Program: Develop and launch a customer loyalty and referral program by the end of the first year. This program should offer incentives for repeat business and referrals, which can accelerate client base growth and enhance customer retention.
  • Serve 1,000 Clients: Aim to serve at least 1,000 clients by the end of the 18th month. Achieving this milestone will not only generate significant word-of-mouth but also provide a substantial portfolio of work and client testimonials to attract new business.
  • Reach $100,000 in Sales: Strive to reach $100,000 in sales by the end of the 24th month. This financial milestone is critical for demonstrating the business’s growth trajectory and sustainability. It will also provide a buffer for reinvestment into the business for further expansion or to cushion against unforeseen expenses.
  • Establishing a Physical Presence: Depending on demand and the success of initial operations, consider opening a studio or a small storefront by the end of the 24 months. This physical presence can serve as a base for operations, a venue for clients, and a tangible brand presence in the community.

 

VIII. Management Team

Our management team has the experience and expertise to successfully execute on our business plan.

Management Team Members

Flawless Radiance Makeup Artistry management team, which includes the following members, has the experience and expertise to successfully execute on our business plan:

Madelyn Ramos, CEO

With a career spanning over 15 years as a professional makeup artist, Madelyn Ramos is the visionary leader behind Flawless Radiance Makeup Artistry. Her exceptional talent and dedication to her craft have earned her a loyal client base that repeatedly seeks her expertise for their makeup needs. Madelyn’s extensive experience in the beauty industry has not only honed her artistic skills but also equipped her with a deep understanding of market dynamics and consumer preferences. Her leadership is characterized by a passionate commitment to excellence and innovation, making her uniquely qualified to steer Flawless Radiance Makeup Artistry towards achieving lasting success in the competitive world of beauty and makeup artistry.

 

IX. Financial Plan

Summary

Below is an overview of our expected financial performance over the next five years:

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues $385,198 $459,850 $548,971 $655,363 $782,375
Direct Expenses $0 $0 $0 $0 $0
Gross Profit $385,198 $459,850 $548,971 $655,363 $782,375
Gross Profit (%) 100% 100% 100% 100% 100%
Other Expenses $327,663 $337,604 $347,846 $358,400 $369,273
EBITDA $57,535 $122,246 $201,124 $296,963 $413,101
Depreciation $7,000 $7,000 $7,000 $7,000 $7,000
Amortization $0 $0 $0 $0 $0
Interest Expense $10,675 $10,675 $10,675 $10,675 $10,675
Income Tax Expense $13,951 $36,600 $64,207 $97,750 $138,399
Net Income $25,909 $67,971 $119,242 $181,537 $257,027

Funding Requirements/Use of Funds

To accomplish our growth goals, Flawless Radiance Makeup Artistry needs $106,750 in funding. Key uses of this funding will be as follows:

Capital Investments
Location Buildout $20,000
Furniture $2,000
Equipment and Machines $10,000
Computers $3,000
Non Capital Investments
Initial working capital $10,000
First 3 month’s rent $6,250
Staff salaries for the first 3 months (for 5 staff) $45,000
Initial Marketing and Advertising $5,000
Supplies $1,500
Insurance (per year) $4,000

Financial Projections

financial projection makeup artist business plan

5 Year Annual Income Statement

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues
Revenues $385,198 $459,850 $548,971 $655,363 $782,375
Total Revenues $385,198 $459,850 $548,971 $655,363 $782,375
Direct Costs
Direct Costs $0 $0 $0 $0 $0
Total Direct Costs $0 $0 $0 $0 $0
GROSS PROFIT $385,198 $459,850 $548,971 $655,363 $782,375
GROSS PROFIT % 100% 100% 100% 100% 100%
Other Expenses
Salaries $303,391 $312,596 $322,080 $331,852 $341,920
Marketing Expenses $12,135 $12,503 $12,883 $13,274 $13,676
Rent/Utility Expenses $6,067 $6,251 $6,441 $6,637 $6,838
Other Expenses $6,067 $6,251 $6,441 $6,637 $6,838
Total Other Expenses $327,663 $337,604 $347,846 $358,400 $369,273
EBITDA $57,535 $122,246 $201,124 $296,963 $413,101
Depreciation $7,000 $7,000 $7,000 $7,000 $7,000
Amortization $0 $0 $0 $0 $0
EBIT $50,535 $115,246 $194,124 $289,963 $406,101
Interest Expense $10,675 $10,675 $10,675 $10,675 $10,675
PRETAX INCOME $39,860 $104,571 $183,449 $279,288 $395,426
Net Operating Loss $0 $0 $0 $0 $0
Use of Net Operating Loss $0 $0 $0 $0 $0
Taxable Income $39,860 $104,571 $183,449 $279,288 $395,426
Income Tax Expense $13,951 $36,600 $64,207 $97,750 $138,399
NET INCOME $25,909 $67,971 $119,242 $181,537 $257,027
Net Profit Margin (%) 6.7% 14.8% 21.7% 27.7% 32.9%

5 Year Annual Balance Sheet

FY 1 FY 2 FY 3 FY 4 FY 5
ASSETS
Cash $98,008 $167,177 $286,355 $469,663 $617,262
Other Current Assets $34,262 $40,902 $48,829 $54,613 $65,197
Total Current Assets $132,271 $208,080 $335,185 $524,276 $682,460
Intangible Assets $0 $0 $0 $0 $0
Acc Amortization $0 $0 $0 $0 $0
Net Intangibles $0 $0 $0 $0 $0
Fixed Assets $35,000 $35,000 $35,000 $35,000 $35,000
Accum Depreciation $7,000 $14,000 $21,000 $28,000 $35,000
Net fixed assets $28,000 $21,000 $14,000 $7,000 $0
Preliminary Exp $0 $0 $0 $0 $0
TOTAL ASSETS $160,271 $229,080 $349,185 $531,276 $682,460
LIABILITIES & EQUITY
Current Liabilities $27,612 $28,449 $29,312 $29,866 $30,772
Debt outstanding $106,750 $106,750 $106,750 $106,750 $0
Total Liabilities $134,362 $135,199 $136,062 $136,616 $30,772
Share Capital $0 $0 $0 $0 $0
Retained earnings $25,909 $93,880 $213,122 $394,660 $651,687
Total Equity $25,909 $93,880 $213,122 $394,660 $651,687
TOTAL LIABILITIES & EQUITY $160,271 $229,080 $349,185 $531,276 $682,460

5 Year Annual Cash Flow Statement

FY 1 FY 2 FY 3 FY 4 FY 5
CASH FLOW FROM OPERATIONS
Net Income (Loss) $25,909 $67,971 $119,242 $181,537 $257,027
Change in Working Capital ($6,650) ($5,802) ($7,063) ($5,229) ($9,678)
Plus Depreciation $7,000 $7,000 $7,000 $7,000 $7,000
Plus Amortization $0 $0 $0 $0 $0
Net Cash Flow from Operations $26,258 $69,169 $119,178 $183,307 $254,348
CASH FLOW FROM INVESTMENTS
Fixed Assets ($35,000) $0 $0 $0 $0
Intangible Assets $0 $0 $0 $0 $0
Net Cash Flow from Investments ($35,000) $0 $0 $0 $0
CASH FLOW FROM FINANCING
Cash from Equity $0 $0 $0 $0 $0
Cash from Debt financing $106,750 $0 $0 $0 ($106,750)
Net Cash Flow from Financing $106,750 $0 $0 $0 ($106,750)
Net Cash Flow $98,008 $69,169 $119,178 $183,307 $147,598
Cash at Beginning of Period $0 $98,008 $167,177 $286,355 $469,663
$98,008 $167,177 $286,355 $469,663 $617,262

 

What Is a Makeup Artist Business Plan?

A makeup artist business plan is a document that outlines the strategies you have developed to start and/or grow your makeup artist business. Among other things, it details information about your industry, customers and competitors to help ensure your company is positioned properly to succeed. Your makeup artist business plan also assesses how much funding you will need to grow your business and proves, via your financial forecasts, why the business is viable.
 

Why You Need a Business Plan for your Makeup Artist Business

A business plan is required if you are seeking funding for your makeup artist business. Investors and lenders will review your plan to ensure it meets their criteria before providing you with capital. In addition, a makeup artist business plan helps you and your team stay focused. It documents the strategies you must follow and gives you financial projections you should strive to achieve and against which you can judge your performance.
 

Makeup Artist Business Plan Template PDF

Download our Makeup Artist Business Plan PDF to help guide you as you create your business plan for your own makeup artist company.
 

Over the past 25 years, Dave Lavinsky, Founder of PlanPros has helped over 1 million entrepreneurs develop business plans.
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