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Table of Contents
Table of Contents
......................................................................................................................................................................2
Table: General Assumptions........................................................................................................................3
......................................................................................................................................................................3
Table: Profit and Loss..................................................................................................................................4
......................................................................................................................................................................4
Table: Cash Flow.........................................................................................................................................5
......................................................................................................................................................................6
Table: Balance Sheet....................................................................................................................................7
Page 2
Studio67 - Restaurant
Page 1
Studio67 - Restaurant
Chart: Highlights
1.1 Objectives
1. Sales of $350K the first year, more than half a million the second.
2. Personnel costs less than $300K the first year, less than $400K the second year.
3. Profitable in year two, better than 7.5% profits on sales by year three.
1.2 Mission
Studio67 is a great place to eat, combining an intriguing atmosphere with excellent, interesting
food that is also very good for the people who eat there. We want fair profit for the owners, and
a rewarding place to work for the employees.
2.0 Company Summary
Studio67 is a single-unit, medium-sized restaurant. We focus on organic and creative food. The
restaurant will be located in a prime neighborhood of Portland. Most important to us is our
financial success, but we believe this will be achieved by offering high-quality service and
extremely clean, non-greasy food with interesting twists.
2.1 Company Ownership
The restaurant will start out as a simple sole proprietorship, owned by its founders.
2.2 Start-up Summary
The founders of the company are Andrew Flounderson and his companion Jane Flap. Jane
focuses on the financial issues and Andrew on the personnel issues. Jane earned her business
major undergraduate degree from the University of Berkeley.
Page 2
Studio67 - Restaurant
We have found the location and secured the lease for $2,000 per month. We will be able to set
up shop in time to begin turning back a profit by the end of month eleven and be profitable in
the second year. The place is already equipped as a restaurant so we plan to come up with a
total of $40,000 in capital, plus a $100,000 SBA-guaranteed loan, to start up the company.
Table: Start-up Funding
Start-up Funding
Start-up Expenses to Fund
Start-up Assets to Fund
Total Funding Required
$3,000
$138,000
$141,000
Assets
Non-cash Assets from Start-up
Cash Requirements from Start-up
Additional Cash Raised
Cash Balance on Starting Date
Total Assets
$50,000
$88,000
$0
$88,000
$138,000
$0
$100,000
$1,000
$0
$101,000
Capital
Planned Investment
Investor 1
Investor 2
Additional Investment Requirement
Total Planned Investment
$25,000
$15,000
$0
$40,000
($3,000)
$37,000
$138,000
Total Funding
$141,000
Page 3
Studio67 - Restaurant
Chart: Start-up
Table: Start-up
Start-up
Requirements
Start-up Expenses
Legal
Stationery etc.
Other
Total Start-up Expenses
$1,000
$1,000
$1,000
$3,000
Start-up Assets
Cash Required
Other Current Assets
Long-term Assets
Total Assets
$88,000
$50,000
$0
$138,000
Total Requirements
$141,000
3.0 Services
The Menu
The menu is going to be extremely simple but changing every day. We will keep a small group
of constants on the menu and then feature a chef's recommendation that we plan to have 85%
of meals ordering. This will help us to reduce waste and plan ingredients and purchasing.
Organic Ingredients
The organic ingredient element will allow us to price to the extremely wealthy Internet
entrepreneurs who are looking to spend an exorbitant amount of money to have peace of mind
that their money is still coming back to themselves. We will be extremely ecologically conscious
Page 4
Studio67 - Restaurant
as well, and spread this across our literature. Eating at Studio67 will feel like having contributed
to the Sierra Club and drinking fresh squeezed orange juice.
Ethnic Ingredients and Recipes
Our chef will have great latitude in designing and producing menu offerings from many different
world cultures. We will endeavor to procure all the traditional, authentic ingredients necessary
to hold true to these varied and interesting cultural recipes.
Interior Accoutrements
People need to keep life interesting, and our artwork will reflect the world influences that are
core to the attitude of the Studio67 chef.
4.0 Market Analysis Summary
Because of the founders' connections within the very trendy area of Portland, we have an
excellent feel for the area and its core group of customers. They will all share something alike,
which is a feeling of being in the "in crowd" and having "gotten it" in life. Although the crew will
be different and not connect with each other in each segment, each segment is complementary
to the others. We do plan to raise menu rates as the restaurant gets more and more crowded,
and to make sure we are charging a premium for the feeling of being in the "in crowd."
4.1 Market Segmentation
The Lonely Rich
Most of the lonely rich are tech workers these days, and most of those tech workers are
Internet workers. Their life has become their website servers and code they write, and the
people who help them to make the decisions in that world. They hang out with each other, but
desperately want to get away from it and use the money they are racking up. Because this
wealth has come fairly easily for them, it is particularly easy to separate them from their money
again - they spend the most on drinks, appetizers and tips.
Young Happy Couples
The restaurant will have an atmosphere that encourages people to bring dates and to have
couples arrive. It won't be awkward for others, and Studio67 does want to be a social place
where people meet each other and develop a network. These young couples are generally very
successful but balanced and won't be spending as much on drinks.
The Rich Hippies
The rich hippies in Portland are a massive group with tremendous influence over the city's
government and private enterprise. They wear tie-die but drive BMWs and crave the feeling of
being in a social circle that is changing the world - even if in different ways than in their glory
days. We will cater to their ecological ideology and contribute to charities to help them part with
more of their money.
Dieting Women
The organic food menu will always have a line of extremely delicious very low-fat meals.
Studio67 will have tables of women meeting like they do in shows like Sex and the City, to
discuss all types of matters while feeling good about the food they eat.
Page 5
Studio67 - Restaurant
Growth
Lonely Rich
Young Happy Couples
Rich Hippies
Dieting Women
Other
Total
10%
8%
6%
7%
5%
7.87%
Year 1
Year 2
Year 3
Year 4
Year 5
400,000
150,000
250,000
350,000
50,000
1,200,000
440,000
162,000
265,000
374,500
52,500
1,294,000
484,000
174,960
280,900
400,715
55,125
1,395,700
532,400
188,957
297,754
428,765
57,881
1,505,757
585,640
204,074
315,619
458,779
60,775
1,624,887
CAGR
10.00%
8.00%
6.00%
7.00%
5.00%
7.87%
Page 6
Studio67 - Restaurant
Year 2
Year 3
Meals
Drinks
Other
Total Unit Sales
22,822
11,415
240
34,477
35,000
17,500
500
53,000
45,000
22,500
1,000
68,500
Unit Prices
Meals
Drinks
Other
Year 1
$15.00
$2.00
$10.00
Year 2
$15.00
$2.00
$10.00
Year 3
$15.00
$2.00
$10.00
$342,330
$22,830
$2,400
$367,560
$525,000
$35,000
$5,000
$565,000
$675,000
$45,000
$10,000
$730,000
Year 1
$2.00
$0.50
$1.00
Year 2
$2.00
$0.50
$1.00
Year 3
$2.00
$0.50
$1.00
$45,644
$5,708
$70,000
$8,750
$90,000
$11,250
Unit Sales
Sales
Meals
Drinks
Other
Total Sales
Direct Unit Costs
Meals
Drinks
Other
Direct Cost of Sales
Meals
Drinks
Page 7
Studio67 - Restaurant
Other
Subtotal Direct Cost of Sales
$240
$51,592
$500
$79,250
$1,000
$102,250
Year 2
Year 3
$60,000
$42,000
$54,000
$30,000
$72,000
$24,000
8
$65,000
$45,000
$60,000
$35,000
$100,000
$52,000
10
$70,000
$50,000
$65,000
$40,000
$130,000
$55,000
12
$282,000
$357,000
$410,000
Manager
Hostess
Chef
Cleaning
Waiters
Other
Total People
Total Payroll
Break-even Analysis
Monthly Units Break-even
Monthly Revenue Break-even
3,205
$34,171
Assumptions:
Average Per-Unit Revenue
Average Per-Unit Variable Cost
Estimated Monthly Fixed Cost
$10.66
$1.50
$29,375
Page 8
Studio67 - Restaurant
Page 9
Studio67 - Restaurant
Year 2
Year 3
Sales
Direct Cost of Sales
Other
Total Cost of Sales
$367,560
$51,592
$0
$51,592
$565,000
$79,250
$0
$79,250
$730,000
$102,250
$0
$102,250
Gross Margin
Gross Margin %
$315,969
85.96%
$485,750
85.97%
$627,750
85.99%
Payroll
Sales and Marketing and Other Expenses
Depreciation
Utilities
Payroll Taxes
Other
$282,000
$27,000
$0
$1,200
$42,300
$0
$357,000
$35,830
$0
$1,260
$53,550
$0
$410,000
$72,122
$0
$1,323
$61,500
$0
$352,500
$447,640
$544,945
($36,532)
($36,532)
$9,673
$0
$38,110
$38,110
$8,887
$7,306
$82,806
$82,806
$7,637
$19,105
Net Profit
Net Profit/Sales
($46,204)
-12.57%
$21,917
3.88%
$56,063
7.68%
Expenses
Page 10
Studio67 - Restaurant
Year 2
Year 3
$367,560
$367,560
$565,000
$565,000
$730,000
$730,000
$0
$0
$0
$0
$0
$0
$0
$367,560
$0
$0
$0
$0
$0
$0
$0
$565,000
$0
$0
$0
$0
$0
$0
$0
$730,000
Year 1
Year 2
Year 3
$282,000
$117,968
$399,968
$357,000
$185,584
$542,584
$410,000
$257,538
$667,538
$0
$0
$0
$6,133
$0
$0
$0
$406,101
$0
$0
$0
$10,000
$0
$0
$0
$552,584
$0
$0
$0
$15,000
$0
$0
$0
$682,538
($38,541)
$49,459
$12,416
$61,875
$47,462
$109,337
Cash Received
Cash from Operations
Cash Sales
Subtotal Cash from Operations
Additional Cash Received
Sales Tax, VAT, HST/GST Received
New Current Borrowing
New Other Liabilities (interest-free)
New Long-term Liabilities
Sales of Other Current Assets
Sales of Long-term Assets
New Investment Received
Subtotal Cash Received
Expenditures
Expenditures from Operations
Cash Spending
Bill Payments
Subtotal Spent on Operations
Additional Cash Spent
Page 11
Studio67 - Restaurant
Chart: Cash
Page 12
Studio67 - Restaurant
Year 2
Year 3
$49,459
$50,000
$99,459
$61,875
$50,000
$111,875
$109,337
$50,000
$159,337
$0
$0
$0
$99,459
$0
$0
$0
$111,875
$0
$0
$0
$159,337
Year 1
Year 2
Year 3
$14,796
$0
$0
$14,796
$15,294
$0
$0
$15,294
$21,693
$0
$0
$21,693
Long-term Liabilities
Total Liabilities
$93,867
$108,663
$83,867
$99,161
$68,867
$90,560
Paid-in Capital
Retained Earnings
Earnings
Total Capital
Total Liabilities and Capital
$40,000
($3,000)
($46,204)
($9,204)
$99,459
$40,000
($49,204)
$21,917
$12,713
$111,875
$40,000
($27,287)
$56,063
$68,776
$159,337
($9,204)
$12,713
$68,776
Assets
Current Assets
Cash
Other Current Assets
Total Current Assets
Long-term Assets
Long-term Assets
Accumulated Depreciation
Total Long-term Assets
Total Assets
Liabilities and Capital
Current Liabilities
Accounts Payable
Current Borrowing
Other Current Liabilities
Subtotal Current Liabilities
Net Worth
Page 13
Studio67 - Restaurant
Table: Ratios
Ratio Analysis
Year 1
Year 2
Year 3
Industry Profile
n.a.
53.72%
29.20%
7.60%
50.27%
100.00%
0.00%
100.00%
44.69%
100.00%
0.00%
100.00%
31.38%
100.00%
0.00%
100.00%
35.60%
43.70%
56.30%
100.00%
Current Liabilities
Long-term Liabilities
Total Liabilities
Net Worth
14.88%
94.38%
109.25%
-9.25%
13.67%
74.97%
88.64%
11.36%
13.61%
43.22%
56.84%
43.16%
32.70%
28.50%
61.20%
38.80%
100.00%
85.96%
98.90%
0.65%
-9.94%
100.00%
85.97%
82.32%
1.77%
6.75%
100.00%
85.99%
78.45%
6.16%
11.34%
100.00%
60.50%
39.80%
3.20%
0.70%
6.72
6.72
109.25%
501.98%
-46.46%
7.31
7.31
88.64%
229.87%
26.12%
7.34
7.34
56.84%
109.29%
47.18%
0.98
0.65
61.20%
1.70%
4.30%
Sales Growth
Percent of Total Assets
Percent of Sales
Sales
Gross Margin
Selling, General & Administrative Expenses
Advertising Expenses
Profit Before Interest and Taxes
Main Ratios
Current
Quick
Total Debt to Total Assets
Pre-tax Return on Net Worth
Pre-tax Return on Assets
Additional Ratios
Year 1
Year 2
Year 3
-12.57%
0.00%
3.88%
172.40%
7.68%
81.52%
n.a
n.a
8.91
27
3.70
12.17
30
5.05
12.17
26
4.58
n.a
n.a
n.a
0.00
0.14
7.80
0.15
1.32
0.24
n.a
n.a
$84,663
-3.78
$96,580
4.29
$137,643
10.84
n.a
n.a
0.27
15%
6.72
0.00
0.00
0.20
14%
7.31
44.44
0.00
0.22
14%
7.34
10.61
0.00
n.a
n.a
n.a
n.a
n.a
Activity Ratios
Accounts Payable Turnover
Payment Days
Total Asset Turnover
Debt Ratios
Debt to Net Worth
Current Liab. to Liab.
Liquidity Ratios
Net Working Capital
Interest Coverage
Additional Ratios
Assets to Sales
Current Debt/Total Assets
Acid Test
Sales/Net Worth
Dividend Payout
Page 14
Appendix
Table: Sales Forecast
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
779
390
20
1,189
1,053
527
20
1,600
1,505
753
20
2,278
1,553
777
20
2,350
1,652
826
20
2,498
1,633
817
20
2,470
1,173
587
20
1,780
1,520
760
20
2,300
2,066
1,033
20
3,119
2,602
1,301
20
3,923
3,451
1,726
20
5,197
3,835
1,918
20
5,773
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
Meals
$15.00
$15.00
$15.00
$15.00
$15.00
$15.00
$15.00
$15.00
$15.00
$15.00
$15.00
$15.00
Drinks
$2.00
$2.00
$2.00
$2.00
$2.00
$2.00
$2.00
$2.00
$2.00
$2.00
$2.00
$2.00
Other
$10.00
$10.00
$10.00
$10.00
$10.00
$10.00
$10.00
$10.00
$10.00
$10.00
$10.00
$10.00
Meals
$11,685
$15,795
$22,575
$23,295
$24,780
$24,495
$17,595
$22,800
$30,990
$39,030
$51,765
$57,525
Drinks
$780
$1,054
$1,506
$1,554
$1,652
$1,634
$1,174
$1,520
$2,066
$2,602
$3,452
$3,836
Other
$200
$200
$200
$200
$200
$200
$200
$200
$200
$200
$200
$200
$12,665
$17,049
$24,281
$25,049
$26,632
$26,329
$18,969
$24,520
$33,256
$41,832
$55,417
$61,561
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
$2.00
$0.50
$1.00
$2.00
$0.50
$1.00
$2.00
$0.50
$1.00
$2.00
$0.50
$1.00
$2.00
$0.50
$1.00
$2.00
$0.50
$1.00
$2.00
$0.50
$1.00
$2.00
$0.50
$1.00
$2.00
$0.50
$1.00
$2.00
$0.50
$1.00
$2.00
$0.50
$1.00
$2.00
$0.50
$1.00
Meals
$1,558
$2,106
$3,010
$3,106
$3,304
$3,266
$2,346
$3,040
$4,132
$5,204
$6,902
$7,670
Drinks
$195
$264
$377
$389
$413
$409
$294
$380
$517
$651
$863
$959
Other
$20
$20
$20
$20
$20
$20
$20
$20
$20
$20
$20
$20
$1,773
$2,390
$3,407
$3,515
$3,737
$3,695
$2,660
$3,440
$4,669
$5,875
$7,785
$8,649
Unit Sales
Meals
Drinks
Other
Total Unit Sales
0%
50%
0%
Sales
Total Sales
Direct Unit Costs
Meals
Drinks
Other
0.00%
0.00%
0.00%
Page 1
Appendix
Table: Personnel
Personnel Plan
Manager
Hostess
Chef
Cleaning
Waiters
Other
Total People
Total Payroll
0%
0%
0%
0%
0%
0%
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
$5,000
$3,500
$4,500
$2,500
$6,000
$2,000
8
$5,000
$3,500
$4,500
$2,500
$6,000
$2,000
8
$5,000
$3,500
$4,500
$2,500
$6,000
$2,000
8
$5,000
$3,500
$4,500
$2,500
$6,000
$2,000
8
$5,000
$3,500
$4,500
$2,500
$6,000
$2,000
8
$5,000
$3,500
$4,500
$2,500
$6,000
$2,000
8
$5,000
$3,500
$4,500
$2,500
$6,000
$2,000
8
$5,000
$3,500
$4,500
$2,500
$6,000
$2,000
8
$5,000
$3,500
$4,500
$2,500
$6,000
$2,000
8
$5,000
$3,500
$4,500
$2,500
$6,000
$2,000
8
$5,000
$3,500
$4,500
$2,500
$6,000
$2,000
8
$5,000
$3,500
$4,500
$2,500
$6,000
$2,000
8
$23,500
$23,500
$23,500
$23,500
$23,500
$23,500
$23,500
$23,500
$23,500
$23,500
$23,500
$23,500
Page 2
Appendix
Table: General Assumptions
General Assumptions
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
10
11
12
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
Tax Rate
30.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
Plan Month
Other
Month 12
Page 3
Appendix
Table: Profit and Loss
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
$12,665
$17,049
$24,281
$25,049
$26,632
$26,329
$18,969
$24,520
$33,256
$41,832
$55,417
$61,561
$1,773
$2,390
$3,407
$3,515
$3,737
$3,695
$2,660
$3,440
$4,669
$5,875
$7,785
$8,649
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$1,773
$2,390
$3,407
$3,515
$3,737
$3,695
$2,660
$3,440
$4,669
$5,875
$7,785
$8,649
Gross Margin
$10,892
$14,660
$20,875
$21,535
$22,895
$22,635
$16,310
$21,080
$28,588
$35,958
$47,632
$52,912
Gross Margin %
86.00%
85.98%
85.97%
85.97%
85.97%
85.97%
85.98%
85.97%
85.96%
85.96%
85.95%
85.95%
$23,500
$23,500
$23,500
$23,500
$23,500
$23,500
$23,500
$23,500
$23,500
$23,500
$23,500
$23,500
$2,250
$2,250
$2,250
$2,250
$2,250
$2,250
$2,250
$2,250
$2,250
$2,250
$2,250
$2,250
$0
$100
$3,525
$0
$0
$100
$3,525
$0
$0
$100
$3,525
$0
$0
$100
$3,525
$0
$0
$100
$3,525
$0
$0
$100
$3,525
$0
$0
$100
$3,525
$0
$0
$100
$3,525
$0
$0
$100
$3,525
$0
$0
$100
$3,525
$0
$0
$100
$3,525
$0
$0
$100
$3,525
$0
$29,375
$29,375
$29,375
$29,375
$29,375
$29,375
$29,375
$29,375
$29,375
$29,375
$29,375
$29,375
($18,483)
($14,716)
($8,501)
($7,841)
($6,480)
($6,741)
($13,066)
($8,295)
($788)
$6,583
$18,257
$23,537
EBITDA
($18,483)
($14,716)
($8,501)
($7,841)
($6,480)
($6,741)
($13,066)
($8,295)
($788)
$6,583
$18,257
$23,537
$829
$825
$821
$817
$813
$808
$804
$800
$795
$791
$787
$782
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Net Profit
($19,312)
($15,541)
($9,322)
($8,657)
($7,293)
($7,549)
($13,870)
($9,095)
($1,583)
$5,791
$17,470
$22,755
Net Profit/Sales
-152.49%
-91.15%
-38.39%
-34.56%
-27.38%
-28.67%
-73.12%
-37.09%
-4.76%
13.84%
31.53%
36.96%
Sales
Direct Cost of Sales
Other
Total Cost of Sales
Expenses
Payroll
Sales and Marketing and Other
Expenses
Depreciation
Utilities
Payroll Taxes
Other
Total Operating Expenses
Interest Expense
Taxes Incurred
5%
5%
15%
Page 4
Appendix
Table: Cash Flow
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 Sales
$12,665
$17,049
$24,281
$25,049
$26,632
$26,329
$18,969
$24,520
$33,256
$41,832
$55,417
$61,561
$12,665
$17,049
$24,281
$25,049
$26,632
$26,329
$18,969
$24,520
$33,256
$41,832
$55,417
$61,561
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$12,665
$17,049
$24,281
$25,049
$26,632
$26,329
$18,969
$24,520
$33,256
$41,832
$55,417
$61,561
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
$23,500
$23,500
$23,500
$23,500
$23,500
$23,500
$23,500
$23,500
$23,500
$23,500
$23,500
$23,500
$1,283
$8,498
$9,123
$10,106
$10,214
$10,423
$10,343
$9,365
$10,156
$11,379
$12,604
$14,475
$24,783
$31,998
$32,623
$33,606
$33,714
$33,923
$33,843
$32,865
$33,656
$34,879
$36,104
$37,975
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$488
$492
$496
$500
$505
$509
$513
$517
$522
$526
$530
$535
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Dividends
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$25,271
$32,490
$33,119
$34,106
$34,219
$34,432
$34,356
$33,382
$34,178
$35,405
$36,634
$38,510
($12,606)
($15,441)
($8,838)
($9,057)
($7,587)
($8,103)
($15,387)
($8,862)
($922)
$6,427
$18,783
$23,051
Cash Balance
$75,394
$59,954
$51,115
$42,058
$34,472
$26,369
$10,981
$2,120
$1,198
$7,625
$26,408
$49,459
Cash Received
Cash from Operations
0.00%
Page 5
Appendix
Page 6
Appendix
Table: Balance Sheet
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
$88,000
$50,000
$138,000
$75,394
$50,000
$125,394
$59,954
$50,000
$109,954
$51,115
$50,000
$101,115
$42,058
$50,000
$92,058
$34,472
$50,000
$84,472
$26,369
$50,000
$76,369
$10,981
$50,000
$60,981
$2,120
$50,000
$52,120
$1,198
$50,000
$51,198
$7,625
$50,000
$57,625
$26,408
$50,000
$76,408
$49,459
$50,000
$99,459
$0
$0
$0
$138,000
$0
$0
$0
$125,394
$0
$0
$0
$109,954
$0
$0
$0
$101,115
$0
$0
$0
$92,058
$0
$0
$0
$84,472
$0
$0
$0
$76,369
$0
$0
$0
$60,981
$0
$0
$0
$52,120
$0
$0
$0
$51,198
$0
$0
$0
$57,625
$0
$0
$0
$76,408
$0
$0
$0
$99,459
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
$1,000
$0
$0
$1,000
$8,195
$0
$0
$8,195
$8,787
$0
$0
$8,787
$9,766
$0
$0
$9,766
$9,866
$0
$0
$9,866
$10,077
$0
$0
$10,077
$10,032
$0
$0
$10,032
$9,027
$0
$0
$9,027
$9,778
$0
$0
$9,778
$10,961
$0
$0
$10,961
$12,123
$0
$0
$12,123
$13,965
$0
$0
$13,965
$14,796
$0
$0
$14,796
Long-term Liabilities
Total Liabilities
$100,000
$101,000
$99,512
$107,707
$99,020
$107,807
$98,524
$108,290
$98,024
$107,890
$97,519
$107,596
$97,010
$107,042
$96,497
$105,524
$95,980
$105,758
$95,458
$106,419
$94,932
$107,055
$94,402
$108,367
$93,867
$108,663
Paid-in Capital
Retained Earnings
Earnings
Total Capital
Total Liabilities and Capital
$40,000
($3,000)
$0
$37,000
$138,000
$40,000
($3,000)
($19,312)
$17,688
$125,394
$40,000
($3,000)
($34,853)
$2,147
$109,954
$40,000
($3,000)
($44,174)
($7,174)
$101,115
$40,000
($3,000)
($52,832)
($15,832)
$92,058
$40,000
($3,000)
($60,124)
($23,124)
$84,472
$40,000
($3,000)
($67,673)
($30,673)
$76,369
$40,000
($3,000)
($81,543)
($44,543)
$60,981
$40,000
($3,000)
($90,638)
($53,638)
$52,120
$40,000
($3,000)
($92,221)
($55,221)
$51,198
$40,000
($3,000)
($86,429)
($49,429)
$57,625
$40,000
($3,000)
($68,959)
($31,959)
$76,408
$40,000
($3,000)
($46,204)
($9,204)
$99,459
$37,000
$17,688
$2,147
($7,174)
($15,832)
($23,124)
($30,673)
($44,543)
($53,638)
($55,221)
($49,429)
($31,959)
($9,204)
Assets
Starting Balances
Current Assets
Cash
Other Current Assets
Total Current Assets
Long-term Assets
Long-term Assets
Accumulated Depreciation
Total Long-term Assets
Total Assets
Liabilities and Capital
Current Liabilities
Accounts Payable
Current Borrowing
Other Current Liabilities
Subtotal Current Liabilities
Net Worth
Page 7