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Thursday, February 13, 2014 11:22:06 PM
Management will assemble a development team, which will be employed specifically for the
purpose of enabling the company’s acquisition growth. Managements goal is the acquisition of a
minimum of 10 new salons a year for 5 years. The development team will identify, and with
management’s approval, acquire salons in the Dallas/Fort Worth, Tx. Metroplex area that fit our
expansion criteria.
Upon acquisition of a new salon, the development team will then ensure that, the acquired salon
complies with the company’s operational procedures, as well as ensuring proper staffing, and
determining other issues such as possible name changes to the Split Endings brand. With access
to the equities market, management believes that a $2.5 - 3 Million dollar infusion of investment
capital in the company will allow them to achieve the goal of 10 salon acquisitions a year for 5
years. Additionally, management believes that the company could be self funding by year 3 of
their 5 year expansion plan.
The cosmetology industry generally works on profit margins of 25-50% for services and 50% or
greater margins on retail sales. Because we will be acquiring existing, ongoing revenue
producing salons, the acquisition of at least 10 salons per year for 5 years by the company would
grow our profit margins exponentially to the company’s current revenues and profit margins.
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