The business seeks to create a full-time livelihood for Jack and Julie Hunt, the owners, while sharing revenue generously with an additional employed artist who will help to build the business.
The artists can offer extended consultations and custom design work with the customers as needed. The business will also sell a wide range of clothing items and posters featuring designs created by the two artists at the business. The founders, husband and wife Jake and Julie Hunt (a tattoo artist and retail administrator), seek a ?10,000, three-year loan to launch the business.
The business needs only ?22,200 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.
This low startup cost and the high margins on tattoo work (around 75%) will lead to positive cash flow within 6 months and the ability to repay this loan easily, as well as provide impressive dividends to the owners and a generous salary to the additional freelance artist contracted by the business.
Sales will exceed ?300,000 by the third year based on the full-time work of these three individuals.
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