how to start a Tattoo Parlor

Embed Size (px)

Citation preview

  • 8/9/2019 how to start a Tattoo Parlor

    1/16

    NEEDLE INC TATTOO PARLOUR

    Group Members

    Vaidehi Dave (12)

    Swapnil Pacharne (32)

    Pintu Rajan (39)

    Praful Shettigar (48)

    Ajay Yadav (59)

  • 8/9/2019 how to start a Tattoo Parlor

    2/16

    Vision

    Needle Inc. seeks to be the most preferred tattoo parlor in the city while ensuring customer

    satisfaction.

    Mission

    We are dedicated to quality work and customer service and the philosophy that every tattoo,

    whether a tiny tattoo or a full body art should be an experience worth remembering. Making the

    health and care of customers and tattoos a top priority to ensure the safety of the customers,

    employees, and business.

    Address

    Location: Shop no.32, Centrium Mall,

    Lokhandwala Complex,

    Kandivali (East), Mumbai: - 400101.

    Contact no.

    +91-22-28493215

    Website

    www.needleinc.in

    Service/Product

    y Customized permanent tattoosy Products for sale:

    1. Temporary tattoo stencils2. Glitter tattoos3. Anti-scar cream4. Herbal skin products

  • 8/9/2019 how to start a Tattoo Parlor

    3/16

    Company Summary

    Needle Inc., will open a small tattoo parlor in suburban Kandivali, Lokhandwala within a

    centrally-located mall, will be launched in 2011. The business will be founded and run by

    Swapnil Pacharrne, Praful Shettigar, Ajay Yadav, Pintu Rajan and Vaidehi Dave. Two tattoo

    artists will be hired by the company on contract basis. At Needle Inc. both tattoo first-timers and

    collectors will be able to work with two established, talented artists. The business will provide

    color tattoos both from original designs by the artists and basic public domain designs. It will

    also provide small, introductory tattoos from existing designs, basic tattoos that can be executed

    in one hour, and full half-day sessions with the artists. The artists can offer extended

    consultations and custom design work with the customers as needed. Customers will include

    both those new to tattoos and tattoo collectors, all predominantly between the ages of 20 and 40.

    The business needs only Rs.10, 00, 000 to launch, due to the low capital requirements of the

    business and the intention to use low-cost marketing techniques and direct selling to find initial

    customers.

  • 8/9/2019 how to start a Tattoo Parlor

    4/16

    Industry Analysis

    With todays youth increasingly getting body art done for style and self expression, the time

    seems right to set up body art studios and organize this industry.

    19% of Indias population falling in the 15-24 years age bracket, i.e. the segment of customers

    that dominates this business, and with the ever so increasing influence of celebrities on them, the

    craze is rapidly rubbing off on to the general public as well. Indias youth is using body art not

    only to make a fashion statement but also as a means of self-expression.

    With several body art studios for tattoos, temporary tattoos and even henna opening up in the

    country, this business is poised to grow. And thanks to the raging demand, and dearth of trained

    talent, there is scope for many such chains to be set up across the country.

    Tattoos Now and Then

    Culturally, body art is not a new phenomenon to us. Most of us have seen our grandparents with

    an Om or Trishul tattooed on their hand. Women of that generation were also often seen with

    three black dots tattooed on their chin. Tattoos have also been common amongst certain tribes in

    India, where they were symbols of group loyalties and held a social importance. Its a revival of

    an old art by Western culture. When this trend went abroad, better products and methods were

    introduced. Ink, for example, was black, made out of charcoal and mixed with water. The

    Westerners started using fruit and vegetable extracts, mixed it with glycerin and produced

    colored dyes.

    Taking from these trends, the Indian tattoo industry although still highly unorganized, is

    flourishing. When customers see a proper studio, following the correct hygiene and safety

    protocols, they feel safe and dont even mind paying a premium price. Yet, there arent many

    such parlors, perhaps because there arent any proper training schools in India for this art.

    There is a lot of interest being generated for the business. However, it is still a nascent industry

    and only time will tell who is eventually going to survive in the market.

  • 8/9/2019 how to start a Tattoo Parlor

    5/16

    Legal Requirements:

    1. Shop Establishment License

    2. Leave and License Specimen

    AGREEMENT OF LEAVE AND LICENSE

    THIS LEAVE AND LICENSE AGREEMENT is made and executed at Mumbai on this __ Day of _________

    Two Thousand and Seven between Mr. _____________ residing at

    ________________________________________________________________________, hereinafter

    called the LICENSOR (which the expression unless be repugnant to the context and meaning thereof

    be deemed to include her heirs, executors and administrators) of the ONE PART

  • 8/9/2019 how to start a Tattoo Parlor

    6/16

    Initial Capital : Rs. 10 Lakhs

    1. Rent of the Shop: Rs.35, 000 per month.

    2. Initial Refundable Deposit: Rs.2, 10,000

    3. Cost of 2 tattoo kits: Rs.60, 000(Rs. 30000 per kit)

    Description of the kit:

    Tattoo Kit Set includes:

    2 x Professional stainless steel Tattoo machines (gun) for shader and liner (10 coil wraps)

    1 x Top Quality Aluminum Carrying Case with Lock & Keys (Black leather) . Carrying Case Size (mm)

    * 242 * 113

  • 8/9/2019 how to start a Tattoo Parlor

    7/16

    7 X 10 ml Tattoo Ink

    1 x ink holder

    100 x ink cups

    1 x great quality power supply ( Available work under 110V or 220V and 230V ,240 V,output 1.2V-14.

    1 x Foot switch

    1 X Clip Cord

  • 8/9/2019 how to start a Tattoo Parlor

    8/16

    1 X PowerPlug ( US Standard )

    50 x pre made sterile tattoo needles

    50 x needle pad

    9 x mixed plastic disposable tips

    8 x stainless steel tips

    4 x high quality stainless steel grips

    50 x o ring

    50 x rubber bands

    2 x Practice Skins

  • 8/9/2019 how to start a Tattoo Parlor

    9/16

    2 x prevent scar cream

    1 X Tool Kits set

    1 x Instruction & DIY demo disc

    2 X Copier FCC & CE Safety Verification ( Which is not only the safety and quality test verification but

    permission of export by North American & European Union )

    1 X factory ex-works test report

    4. Hiring 2 Tattoo Artists on contract basis. (Giving them 40% of the cut)

    5. Interiors of the shop including Computers, Air Conditioner, Tattoo Setup etc

    Rs. 5, 00,000

    Computers: - Rs. 60.000/- [30,000 x 2]

    Air conditioner: - Rs. 40,000/-

    Name Board: - Rs.30,000

  • 8/9/2019 how to start a Tattoo Parlor

    10/16

    Interiors and furniture:

    y Office desk- Rs. 36, 000y Office chair- Rs. 5, 000y Sofa- Rs. 10, 000

    Advertisement:

    y Flyers- Rs. 350 for 1000 flyersy Business Card- Rs. 950 for 1000 cardsy 10 Catalogues- Rs. 300 @ Rs 30/catalogue

    6. Cost of Installing a Telephone Rs. 600/-

    7. Cost of Registering a website on net Rs. 2,000/-

    TOTAL EXPENSES : - Rs. 9,90,200/-

    The location will be in a mall in Lokhandwala and will feature an open space for

    reception, waiting room and two tattoo stations, a sterilization room, a small office space, and

    a single bathroom.

    Start-up inventory includes the inks and dyes needed to stock the store for launch. Other current

    assets include a security deposit for the shop location.

    Long-term assets include signage for the exterior of the shop, reception area items (a reception

    desk, chair, phone), tattoo station equipment (two tattoo chairs, mirrors, lights, tattoo kit, covered

    trash bin) and a sound system.

  • 8/9/2019 how to start a Tattoo Parlor

    11/16

    Financial Plan

    The financial plan for Needle Inc. is to raise Rs 10 lakhs from personal savings. The business

    will achieve break-even in the third month of operation and net profit will be achieved in the first

    year.

    Start-up Funding

    The start-up funding will be from investment by the co-owners and founders, Praful Shettigar,

    Swapnil Pacharne, Pintu Rajan, Ajay Yadav and Vaidehi Dave, who will each contribute Rs. 2

    lakhs.

    Objectives

    1. Achieve salesof 10, 15 and 25 tattoos in the first, second and third months respectively.2. Achieve Break-even sales of 33 tattoos in the first three months of operation.3. Achieve an average growth in sales of about 25% per year.4. To deliver superior value through quality, price and reliability.

    Break-even Analysis

    Average Revenue / tattoo Rs. 10000

    Average variable cost/ tattoo Rs. 7000

    Average contribution/tattoo Rs. 3000

    Fixed cost Rs. 1,00,000

    Break-even volume = Rs.1,00,000/Rs.3000 = 33 tattoos.

  • 8/9/2019 how to start a Tattoo Parlor

    12/16

    Market Segmentation

    The market segments in Kandivali, Lokhandwala area include residents of Kandivali and

    surrounding Areas like Borivali and Malad who may travel to Needle Inc.

    Tattoos first-timers: People who may want to get a tattoo done simply 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. These individuals may be mostly in their 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, simple designs,

    and become used to the pain or discomfort involved.

    Target Market

    Needle Inc.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 first-timers with

    introductory tattoos. The shop will be appropriate for tattoo collectors, with entertaining music

    playing and products available for sale.

    Positioning

    Needle Inc. will position itself as a value-for-money brand, one that is safe and trustworthy. Its

    appeal will be variety, customization and affordability.

  • 8/9/2019 how to start a Tattoo Parlor

    13/16

    Marketing Mix

    y Product :Needle Inc. will provide the following services to customers:

    1. Introductory/shop-minimum tattoos2. Basic tattoos (~1 hour session)3. Full sessions (2-6 hour sessions)

    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.

    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.

    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.

    y Price: The price of the tattoo will range from Rs.5000-Rs.15,000. A discount of 10%will be offered to the customers during the first week of operation.

    y Place:Needle Inc. is located in an area mall. Initially we expect to have customers fromLokhandwala Complex. In the seventh month of operation, we intend to offer our

    services to customers in Borivali and Malad.

    y Promotion: The basic promotional route will be internet advertising,websites, referralsand word-of-mouth.

    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.

  • 8/9/2019 how to start a Tattoo Parlor

    14/16

    Print 1,000 flyers advertising the grand opening of the business to post in the area of the

    shop, at local establishments and hand out at events and on the street in the preceding

    week.

    Create a basic website with contact information and directions, the prices for services,

    pages with galleries of art of the two artists, and images of products for sale in the shop

    and prices

    List the website on search engines, local business databases, tattoo shop databases and

    the Yellow Pages

    Competitors

    There are some established tattoo parlors in the area from Borivali to Malad like Micky's Tattoo

    Yard and Atikk in Borivali (West), Taatau in Malad(West),etc.

    Procedure of making a Tattoo

    Step 1: Making a 3d image of the tattoo as required by the customer.

  • 8/9/2019 how to start a Tattoo Parlor

    15/16

  • 8/9/2019 how to start a Tattoo Parlor

    16/16