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Car Wash Business Plan
Car Wash Business Plan
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Executive Summary
Soapy Rides is a prominent hand car wash serving the East Meadow, Long Island, NY community. Soapy Rides will be run by Mark Deshpande, of the prominent Deshpande family. The Deshpande family has been serving the Long Island area with a car repair business and property development /management for over 30 years. Mark will be leveraging the incredible good will and brand recognition of the Deshpande family name to quickly gain market penetration. The Business Soapy Rides will be providing customers with three services: exterior car washing, , interior cleaning, and detailing. Soapy Rides has no true competitors that are trying to offer a high quality service for a reasonable rate. Most are trying to compete on price alone. Soapy Rides' ability to provide a high quality service, both in regards to the actual washing as well as customer service is all based on their ability to find the best employees. Hiring the best employees is cost effective because it decreases HR costs associated with turnover and other employee costs. Hiring the best employees and making sure that they are well taken care of ensures that they in turn take care of the customers. Study after study proves that a happy employee is far more likely to provide the highest level of customer service compared to an employee who is not happy and feels that they are being taken advantage of. The Customers
Soapy Rides will target three main groups of customers: individual car owner and leasers, car dealerships, and local businesses. The surrounding area is quite affluent, 40% of the residents earn over $70,000 a year. Consequently, they have nice cars and want them to look nice. There are five different car dealerships within a three-mile radius which will require car washing services for the various fleets. Lastly, there are many different local businesses that have company cars and that require clean appearances. Management The strength of Mark's experience and his family's name equity and assistance is Soapy Rides' competitive edge as well as a significant asset. Mark has been involved in the family's car repair business for the last ten years. He has worked his way through the organization and has been the manager for the last five years overseeing operations of $1.2 million annually. Before the family venture, Mark received his MBA from Cornell University. With 30 years invested in the community, the Deshpande family name has generated significant value as a fair, active member of the community. Lastly, Soapy Rides will be able to leverage several of the Deshpande's for their business expertise. Soapy Rides is positioning itself as the premier hand car wash serving the Long Island area. Mark has forecasted a 20% market share. The business will generate a very high gross margin and a modest net margin after year one and comfortable margin after year three. By year three the business will have developed a respectable yearly net profit.
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1.1 Objectives
The objectives for Soapy Rides Car Wash and Detail Service are: 1. 2. 3. 4. To be viewed as a premium car wash and detail service in East Meadow. Maintain a very high gross profit margin. Maintain a modest, steadily growing net profit margin. Expand to two locations after third year of operation.
1.2 Mission
The mission of Soapy Ride is to provide top-quality washing and detail service for luxury car owners in East Meadow, NY. Soapy Rides will work to keep employees satisfied in order to maintain impeccable customer service.
Company Summary
The company is solely owned by Mark Deshpande and will be funded by an initial personal investment. Soapy Rides is New York State registered C corporation.
cleaners, two computer terminals, and one cash register. All of the equipment will be depreciated over three years. The location was previously used as a quick stop automobile service shop, so it is set up to move vehicles quickly through the premises, but does not have all the necessary systems in place to host a car wash and detail facility. The services of a contracting company will be sought to convert the use of the facility and to improve the customer waiting room facilities.
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Start-up Requirements Start-up Expenses Legal Stationery etc. Brochures Consultants Insurance Rent $500 $400 $450 $0 $200 $1,200
Research and Development $300 Expensed Equipment $4,100 Signs Building Materials Building Labor $700 $1,200 $1,000
Total Start-up Expenses Start-up Assets Cash Required Start-up Inventory Other Current Assets Long-term Assets Total Assets Total Requirements
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Start-up Funding Start-up Expenses to Fund Start-up Assets to Fund Total Funding Required Assets Non-cash Assets from Start-up Cash Requirements from Start-up Additional Cash Raised Cash Balance on Starting Date Total Assets Liabilities and Capital Liabilities Current Borrowing Long-term Liabilities $0 $0 $10,050 $19,950 $30,000 $11,250 $8,700 $0 $8,700 $19,950
Accounts Payable (Outstanding Bills) $0 Other Current Liabilities (interest-free) $0 Total Liabilities $0 Capital Planned Investment Investor 1 Investor 2 Other Additional Investment Requirement Total Planned Investment Loss at Start-up (Start-up Expenses) Total Capital Total Capital and Liabilities Total Funding $30,000 $0 $0 $0 $30,000 ($10,050) $19,950 $19,950 $30,000
Services
Soapy Rides will provide three services to its customers:
For this reason, they will not have a detail carried out on their car unless they are selling it. 5. Dealerships: There are five new and used car dealerships within three miles of the proposed location of Soapy Rides. These dealerships often use outside car wash services to detail their vehicles before they are put up for sale. In addition, there are fifteen other car dealerships within a seven mile radius of Soapy Rides. 6. Local businesses: Some local businesses have fleets of cars and small vans that must be kept clean to maintain their company image. These businesses will be looking for a cost effective, efficient car washing service to perform this service, and will prefer to use a car wash service during the week rather than during weekends, like the general public.
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Market Analysis Year 1 Potential Customers New Car Owners Older Luxury Car Owners Sports Car Owners Lifetime Owners New and Used Car Dealerships Total 10% 15% 15% 10% 7% 12.28% Growth 7,200 12,500 6,500 17,000 9 43,209 7,920 14,375 7,475 18,700 10 48,480 8,712 16,531 8,596 20,570 11 54,420 9,583 19,011 9,885 22,627 12 61,118 10,541 21,863 11,368 24,890 13 68,675 Year 2 Year 3 Year 4 Year 5 CAGR 10.00% 15.00% 15.00% 10.00% 9.63% 12.28%
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Business owners (new car owners) tend to be very busy people, but are often able to make their own hours. Retired people (older luxury car owners) are not restricted by typical work schedules so will be able to frequent the car wash during the week. Dealerships will need cars detailed and washed regardless of the time of the day and week. This will supply a constant flow of traffic. Businesses will need their fleet cars washed during the week during regular business hours.
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Sales Forecast Year 1 Unit Sales Full Wash Exterior Wash Interior Clean End User Detail Business Fleet Washes Car Dealership Details Total Unit Sales Unit Prices Full Wash Exterior Wash Interior Clean End User Detail Business Fleet Washes Car Dealership Details Sales Full Wash Exterior Wash Interior Clean End User Detail Business Fleet Washes Car Dealership Details Total Sales Direct Unit Costs Full Wash Exterior Wash Interior Clean End User Detail Business Fleet Washes Car Dealership Details Direct Cost of Sales Full Wash Exterior Wash Interior Clean End User Detail Business Fleet Washes Car Dealership Details Subtotal Direct Cost of Sales 1,760 2,050 770 129 615 494 5,818 2,288 2,665 1,001 193 923 642 7,712 2,974 3,465 1,301 290 1,384 963 10,376 Year 2 Year 3
Year 1 Year 2 Year 3 $15.00 $15.00 $15.00 $9.00 $8.00 $140.00 $10.00 $70.00 $26,400 $18,450 $6,160 $18,060 $6,150 $10.00 $9.00 $145.00 $10.00 $75.00 $34,320 $26,650 $9,009 $27,985 $9,225 $12.00 $9.00 $150.00 $10.00 $80.00 $44,616 $41,574 $11,712 $43,425 $13,838
$34,580 $48,150 $77,040 $109,800 $155,339 $232,204 Year 1 Year 2 Year 3 $0.70 $0.80 $0.90 $0.40 $0.30 $3.00 $0.70 $3.00 $1,232 $820 $231 $387 $431 $1,482 $4,583 $0.45 $0.35 $3.50 $0.75 $3.50 $1,830 $1,199 $350 $676 $692 $2,247 $6,994 $0.50 $0.40 $4.00 $0.80 $4.00 $2,677 $1,732 $521 $1,158 $1,107 $3,852 $11,047
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5.3 Milestones
The following table outlines the important milestones in the planning and implementation of Soapy Rides.
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Milestones Milestone Complete Business Plan Sign Rental Contract Convert Premises Hire Car Wash Staff Hire Admin Staff Open for Business Distribute Flyers Press Release Start Date End Date 2/1/2001 5/1/2001 $0 3/20/2001 4/1/2001 4/20/2001 4/20/2001 5/1/2001 4/28/2001 4/29/2001 3/20/2001 4/30/2001 4/20/2001 4/20/2001 5/1/2001 5/5/2001 4/29/2001 4/30/2001 $475 $0 $200 $200 $0 $75 $25 $0 $975 Budget Manager Department ABC Department Mark Owner Contractors Contractors Mark Owner Mark Staff Friends Mark Mark Owner Staff Friends Owner Owner
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Management Summary
Mark Deshpande is the sole owner and manager of Soapy Rides. In addition, he will be helped (on an unofficial basis) by his father, Barry Deshpande. Barry has over 30 years experience as an entrepreneur, both in the car business and in property development and management. Mark will also have the assistance of John Shine, the family accountant, in creating a long-term strategic vision for the company. John is a family friend and has worked with the Deshpande family for 23 years. He has worked with hundreds of small- and medium-sized businesses during his career.
Personnel Plan Owner Car Washers Admin/Sales Total People Total Payroll Year 1 Year 2 Year 3 $18,000 $30,000 $40,000 $30,240 $43,312 $51,174 $13,440 $15,000 $22,000 0 0 0 $61,680 $88,312 $113,174
Financial Plan
The following plan outlines the financial development of Soapy Rides. The business will be initially financed by a personal investment by Mark Deshpande and will finance growth through cash flow. This will mean that the company will grow more slowly than it could, but it will ensure that Mark retains control over the direction of the company. In year three, it is hoped that the company will be able to open a second location. It is envisioned that an outside loan or equity funding will be sought at that time.
General Assumptions Plan Month Year 1 1 Year 2 2 10.00% 10.00% 25.00% 0 Year 3 3 10.00% 10.00% 25.42% 0
Current Interest Rate 10.00% Long-term Interest Rate 10.00% Tax Rate Other 25.42% 0
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423 $7,974
Average Per-Unit Revenue $18.87 Average Per-Unit Variable Cost $0.79 Estimated Monthly Fixed Cost $7,641
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Need actual charts? We recommend using Business Plan Pro as the easiest way to create graphs for your own business plan. Edit this sample plan
Need actual charts? We recommend using Business Plan Pro as the easiest way to create graphs for your own business plan.
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Pro Forma Profit and Loss Year 1 Sales Direct Cost of Sales Other Total Cost of Sales Gross Margin Gross Margin % Expenses $109,800 $4,583 $0 $4,583 $105,218 95.83% $155,339 $6,994 $0 $6,994 $148,345 95.50% $88,312 $1,550 $2,070 $0 $3,500 $1,800 $5,500 $22,078 $0 $124,810 $23,535 Year 2 $232,204 $11,047 $0 $11,047 $221,157 95.24% $113,174 $1,700 $2,070 $0 $3,750 $1,800 $6,000 $28,294 $0 $156,788 $64,370 Year 3
Payroll $61,680 Sales and Marketing and Other Expenses $2,600 Depreciation $2,070 Leased Equipment Utilities Insurance Rent Payroll Taxes Other Total Operating Expenses Profit Before Interest and Taxes $0 $3,325 $1,800 $4,800 $15,420 $0 $91,695 $13,523
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Pro Forma Cash Flow Year 1 Cash Received Cash from Operations Cash Sales Cash from Receivables Subtotal Cash from Operations Additional Cash Received Sales Tax, VAT, HST/GST Received New Current Borrowing $93,330 $13,097 $106,427 $0 $0 $132,038 $21,902 $153,940 $0 $0 $197,374 $32,470 $229,843 $0 $0 Year 2 Year 3
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
$0 $0 $0 $0 $0
$0 $0 $0 $0 $0
$0 $0 $0 $0 $0
$106,427 $153,940 $229,843 Year 1 Year 2 Year 3 $61,680 $33,052 $94,732 $88,312 $46,837 $135,149 $0 $0 $0 $0 $0 $0 $0 $135,149 $18,791 $39,186 $113,174 $67,743 $180,917 $0 $0 $0 $0 $0 $0 $0 $180,917 $48,927 $88,112
Sales Tax, VAT, HST/GST Paid Out $0 Principal Repayment of Current Borrowing $0 Other Liabilities Principal Repayment $0 Long-term Liabilities Principal Repayment $0 Purchase Other Current Assets Purchase Long-term Assets Dividends Subtotal Cash Spent Net Cash Flow Cash Balance $0 $0 $0 $94,732 $11,695 $20,395
Pro Forma Balance Sheet Year 1 Assets Current Assets Cash Accounts Receivable Inventory Other Current Assets Total Current Assets Long-term Assets $20,395 $3,373 $668 $1,000 $25,435 $39,186 $4,772 $1,019 $1,000 $45,976 $10,000 $4,140 $5,860 $51,836 Year 2 $3,917 $0 $0 $3,917 $88,112 $7,133 $1,609 $1,000 $97,854 $10,000 $6,210 $3,790 $101,644 Year 3 $5,716 $0 $0 $5,716 Year 2 Year 3
Long-term Assets $10,000 Accumulated Depreciation $2,070 Total Long-term Assets Total Assets Liabilities and Capital Current Liabilities Accounts Payable Current Borrowing Other Current Liabilities $7,930 $33,365 Year 1 $3,097 $0 $0
$0 $3,097 $30,000
$0 $3,917 $30,000
Total Capital $30,268 Total Liabilities and Capital $33,365 Net Worth $30,268
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Ratio Analysis Year 1 Sales Growth Percent of Total Assets Accounts Receivable Inventory Other Current Assets Total Current Assets Long-term Assets Total Assets Current Liabilities Long-term Liabilities Total Liabilities Net Worth Percent of Sales Sales Gross Margin 0.00% 10.11% 2.00% 3.00% 76.23% 23.77% 100.00% 9.28% 0.00% 9.28% 90.72% 100.00% 95.83% 41.47% 9.21% 1.97% 1.93% 88.69% 11.31% 100.00% 7.56% 0.00% 7.56% 92.44% 100.00% 95.50% 84.13% 0.74% 15.15% 11.74 11.48 7.56% 49.11% 45.40% Year 1 Year 2 Year 2 49.48% 7.02% 1.58% 0.98% 96.27% 3.73% 100.00% 5.62% 0.00% 5.62% 94.38% 100.00% 95.24% 74.45% 0.56% 27.72% 17.12 16.84 5.62% 67.10% 63.33% Year 3 Year 3 Industry Profile 3.00% 8.70% 9.50% 26.40% 44.60% 55.40% 100.00% 29.30% 27.80% 57.10% 42.90% 100.00% 0.00% 68.20% 1.50% 2.70% 1.53 0.88 57.10% 3.40% 8.00%
Selling, General & Administrative Expenses 86.59% Advertising Expenses 0.91% Profit Before Interest and Taxes 12.32% Main Ratios Current Quick Total Debt to Total Assets Pre-tax Return on Net Worth Pre-tax Return on Assets Additional Ratios 8.21 8.00 9.28% 44.68% 40.53%
Net Profit Margin Return on Equity Activity Ratios Accounts Receivable Turnover Collection Days Inventory Turnover 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
9.40% 34.09% 4.88 57 5.45 11.67 27 3.29 0.10 1.00 $22,338 0.00 0.30 9% 6.91 3.63 0.00
11.36% 36.83% 4.88 64 8.30 12.17 27 3.00 0.08 1.00 $42,059 0.00 0.33 8% 10.26 3.24 0.00
20.68% 50.05% 4.88 62 8.41 12.17 25 2.28 0.06 1.00 $92,139 0.00 0.44 6% 15.59 2.42 0.00
n.a n.a n.a n.a n.a n.a n.a n.a n.a n.a n.a n.a n.a n.a n.a n.a n.a
Appendix
Sales Forecast Month 1 Unit Sales Full Wash Exterior Wash Interior Clean End User Detail Business Fleet Washes Car Dealership Details Total Unit Sales Unit Prices Full Wash Exterior Wash Interior Clean End User Detail Business Fleet Washes Car Dealership Details Sales Full Wash Exterior Wash Interior Clean End User Detail Business Fleet Washes Car Dealership Details Total Sales Direct Unit Costs Full Wash Exterior Wash Interior Clean 0.00% 0.00% 0.00% $1,350 $810 $320 $420 $250 $1,050 $4,200 Month 1 $0.70 $0.40 $0.30 $1,950 $1,170 $400 $700 $400 $1,190 $5,810 Month 2 $0.70 $0.40 $0.30 $2,550 $1,665 $400 $980 $550 $1,400 $7,545 Month 3 $0.70 $0.40 $0.30 $2,850 $1,980 $440 $1,400 $600 $1,820 $9,090 Month 4 $0.70 $0.40 $0.30 $2,850 $2,070 $480 $1,680 $600 $2,240 $9,920 Month 5 $0.70 $0.40 $0.30 $2,775 $1,980 $520 $1,680 $550 $2,800 $10,305 Month 6 $0.70 $0.40 $0.30 $2,025 $1,620 $560 $1,960 $550 $3,920 $10,635 Month 7 $0.70 $0.40 $0.30 $2,025 $1,530 $640 $1,260 $550 $3,150 $9,155 Month 8 $0.70 $0.40 $0.30 $1,800 $1,350 $640 $1,540 $550 $3,920 $9,800 $0.70 $0.40 $0.30 $1,800 $1,350 $680 $1,960 $500 $4,200 $10,490 $0.70 $0.40 $0.30 $2,100 $1,440 $600 $2,100 $500 $4,200 $10,940 $0.70 $0.40 $0.30 $2,325 $1,485 $480 $2,380 $550 $4,690 $11,910 $0.70 $0.40 $0.30 0% 0% 0% 0% 0% 0% 90 90 40 3 25 15 263 Month 1 $15.00 $9.00 $8.00 $140.00 $10.00 $70.00 130 130 50 5 40 17 372 Month 2 $15.00 $9.00 $8.00 $140.00 $10.00 $70.00 170 185 50 7 55 20 487 Month 3 $15.00 $9.00 $8.00 $140.00 $10.00 $70.00 190 220 55 10 60 26 561 Month 4 $15.00 $9.00 $8.00 $140.00 $10.00 $70.00 190 230 60 12 60 32 584 Month 5 $15.00 $9.00 $8.00 $140.00 $10.00 $70.00 185 220 65 12 55 40 577 Month 6 $15.00 $9.00 $8.00 $140.00 $10.00 $70.00 135 180 70 14 55 56 510 Month 7 $15.00 $9.00 $8.00 $140.00 $10.00 $70.00 135 170 80 9 55 45 494 Month 8 $15.00 $9.00 $8.00 $140.00 $10.00 $70.00 120 150 80 11 55 56 472 $15.00 $9.00 $8.00 $140.00 $10.00 $70.00 120 150 85 14 50 60 479 $15.00 $9.00 $8.00 $140.00 $10.00 $70.00 140 160 75 15 50 60 500 $15.00 $9.00 $8.00 $140.00 $10.00 $70.00 155 165 60 17 55 67 519 $15.00 $9.00 $8.00 $140.00 $10.00 $70.00 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
End User Detail Business Fleet Washes Car Dealership Details Direct Cost of Sales Full Wash Exterior Wash Interior Clean End User Detail Business Fleet Washes Car Dealership Details Subtotal Direct Cost of Sales
$3.00 $0.70 $3.00 $91 $52 $15 $15 $28 $51 $252
$3.00 $0.70 $3.00 $119 $74 $15 $21 $39 $60 $328
$3.00 $0.70 $3.00 $133 $88 $17 $30 $42 $78 $388
$3.00 $0.70 $3.00 $133 $92 $18 $36 $42 $96 $417
$3.00 $0.70 $3.00 $130 $88 $20 $36 $39 $120 $432
$3.00 $0.70 $3.00 $95 $72 $21 $42 $39 $168 $436
$3.00 $0.70 $3.00 $95 $68 $24 $27 $39 $135 $387
$3.00 $0.70 $3.00 $84 $60 $24 $33 $39 $168 $408
$3.00 $0.70 $3.00 $84 $60 $26 $42 $35 $180 $427
$3.00 $0.70 $3.00 $98 $64 $23 $45 $35 $180 $445
$3.00 $0.70 $3.00 $109 $66 $18 $51 $39 $201 $483
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Personnel Plan Month 1 Owner Car Washers Admin/Sales Total People Total Payroll 0% 0% 0% $1,500 $2,240 $1,120 0 $4,860 Month 2 $1,500 $2,240 $1,120 0 $4,860 Month 3 $1,500 $3,360 $1,120 0 $5,980 Month 4 $1,500 $3,360 $1,120 0 $5,980 Month 5 $1,500 $3,360 $1,120 0 $5,980 Month 6 $1,500 $2,240 $1,120 0 $4,860 Month 7 $1,500 $2,240 $1,120 0 $4,860 Month 8 $1,500 $2,240 $1,120 0 $4,860 Month 9 Month 10 Month 11 Month 12 $1,500 $2,240 $1,120 0 $4,860 $1,500 $2,240 $1,120 0 $4,860 $1,500 $2,240 $1,120 0 $4,860 $1,500 $2,240 $1,120 0 $4,860
General Assumptions Month 1 Plan Month Current Interest Rate Long-term Interest Rate Tax Rate Other 10.00% 10.00% 30.00% 0 1 10.00% 10.00% 25.00% 0 Month 2 2 10.00% 10.00% 25.00% 0 Month 3 3 10.00% 10.00% 25.00% 0 Month 4 4 10.00% 10.00% 25.00% 0 Month 5 5 10.00% 10.00% 25.00% 0 Month 6 6 10.00% 10.00% 25.00% 0 Month 7 7 10.00% 10.00% 25.00% 0 Month 8 8 10.00% 10.00% 25.00% 0 Month 9 9 10.00% 10.00% 25.00% 0 Month 10 10 10.00% 10.00% 25.00% 0 Month 11 11 Month 12 12 10.00% 10.00% 25.00% 0
Pro Forma Profit and Loss Month 1 Sales Direct Cost of Sales Other Total Cost of Sales Gross Margin Gross Margin % Expenses Payroll Sales and Marketing and Other Expenses Depreciation Leased Equipment Utilities Insurance Rent Payroll Taxes Other Total Operating Expenses Profit Before Interest and Taxes EBITDA Interest Expense Taxes Incurred 25% $4,860 $500 $172 $0 $250 $150 $400 $1,215 $0 $7,547 ($3,530) ($3,358) $0 ($1,059) $4,860 $300 $172 $0 $275 $150 $400 $1,215 $0 $7,372 ($1,814) ($1,642) $0 ($454) $5,980 $300 $172 $0 $300 $150 $400 $1,495 $0 $8,797 ($1,580) ($1,407) $0 ($395) $5,980 $300 $172 $0 $300 $150 $400 $1,495 $0 $8,797 ($95) $78 $0 ($24) $5,980 $300 $172 $0 $300 $150 $400 $1,495 $0 $8,797 $706 $878 $0 $176 $4,860 $100 $172 $0 $275 $150 $400 $1,215 $0 $7,172 $2,701 $2,874 $0 $675 $4,860 $100 $172 $0 $275 $150 $400 $1,215 $0 $7,172 $3,027 $3,199 $0 $757 $4,860 $100 $172 $0 $275 $150 $400 $1,215 $0 $7,172 $1,596 $1,768 $0 $399 $4,860 $300 $172 $0 $275 $150 $400 $1,215 $0 $7,372 $2,020 $2,193 $0 $505 $4,860 $100 $172 $0 $275 $150 $400 $1,215 $0 $7,172 $2,891 $3,064 $0 $723 $4,860 $100 $172 $0 $250 $150 $400 $1,215 $0 $7,147 $3,348 $3,521 $0 $837 $4,860 $100 $172 $0 $275 $150 $400 $1,215 $0 $7,172 $4,255 $4,427 $0 $1,064 $4,200 $183 $0 $183 $4,018 95.65% Month 2 $5,810 $252 $0 $252 $5,558 95.66% Month 3 $7,545 $328 $0 $328 $7,218 95.66% Month 4 $9,090 $388 $0 $388 $8,703 95.74% Month 5 $9,920 $417 $0 $417 $9,503 95.80% Month 6 $10,305 $432 $0 $432 $9,874 95.81% Month 7 $10,635 $436 $0 $436 $10,199 95.90% Month 8 $9,155 $387 $0 $387 $8,768 95.77% Month 9 $9,800 $408 $0 $408 $9,393 95.84% Month 10 $10,490 $427 $0 $427 $10,064 95.93% Month 11 $10,940 $445 $0 $445 $10,496 95.94% Month 12 $11,910 $483 $0 $483 $11,427 95.94%
($2,471) -58.83%
($1,361) -23.42%
($1,185) -15.71%
($71) -0.78%
$529 5.33%
$2,026 19.66%
$2,270 21.34%
$1,197 13.07%
$1,515 15.46%
$2,168 20.67%
$2,511 22.95%
$3,191 26.79%
Pro Forma Cash Flow Month 1 Cash Received Cash from Operations Cash Sales Cash from Receivables Subtotal Cash from Operations Additional Cash Received Sales Tax, VAT, HST/GST Received 0.00% 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 Sales Tax, VAT, HST/GST Paid Out Principal Repayment of Current Borrowing Other Liabilities Principal Repayment Long-term Liabilities Principal Repayment Purchase Other Current Assets Purchase Long-term Assets Dividends Subtotal Cash Spent Net Cash Flow Cash Balance $0 $0 $0 $0 $0 $0 $0 $4,942 ($1,372) $7,328 $0 $0 $0 $0 $0 $0 $0 $7,297 ($2,338) $4,991 $0 $0 $0 $0 $0 $0 $0 $7,878 ($827) $4,163 $0 $0 $0 $0 $0 $0 $0 $8,276 $331 $4,494 $0 $0 $0 $0 $0 $0 $0 $9,575 ($3) $4,491 $0 $0 $0 $0 $0 $0 $0 $7,715 $2,412 $6,904 $0 $0 $0 $0 $0 $0 $0 $8,645 $1,885 $8,789 $0 $0 $0 $0 $0 $0 $0 $7,745 $1,584 $10,373 $0 $0 $0 $0 $0 $0 $0 $7,442 $2,475 $12,849 $0 $0 $0 $0 $0 $0 $0 $8,672 $1,621 $14,469 $0 $0 $0 $0 $0 $0 $0 $7,759 $3,013 $17,483 $0 $0 $0 $0 $0 $0 $0 $8,787 $2,912 $20,395 $4,860 $82 $4,942 $4,860 $2,437 $7,297 $5,980 $1,898 $7,878 $5,980 $2,296 $8,276 $5,980 $3,595 $9,575 $4,860 $2,855 $7,715 $4,860 $3,785 $8,645 $4,860 $2,885 $7,745 $4,860 $2,582 $7,442 $4,860 $3,812 $8,672 $4,860 $2,899 $7,759 $4,860 $3,927 $8,787 $0 $0 $0 $0 $0 $0 $0 $3,570 Month 1 $0 $0 $0 $0 $0 $0 $0 $4,960 Month 2 $0 $0 $0 $0 $0 $0 $0 $7,051 Month 3 $0 $0 $0 $0 $0 $0 $0 $8,607 Month 4 $0 $0 $0 $0 $0 $0 $0 $9,571 Month 5 $0 $0 $0 $0 $0 $0 $0 $10,127 Month 6 $0 $0 $0 $0 $0 $0 $0 $10,530 Month 7 $0 $0 $0 $0 $0 $0 $0 $9,329 Month 8 $0 $0 $0 $0 $0 $0 $0 $9,918 Month 9 $0 $0 $0 $0 $0 $0 $0 $10,293 Month 10 $0 $0 $0 $0 $0 $0 $0 $10,772 Month 11 $0 $0 $0 $0 $0 $0 $0 $11,699 Month 12 $3,570 $0 $3,570 $4,939 $21 $4,960 $6,413 $638 $7,051 $7,727 $880 $8,607 $8,432 $1,139 $9,571 $8,759 $1,368 $10,127 $9,040 $1,490 $10,530 $7,782 $1,547 $9,329 $8,330 $1,588 $9,918 $8,917 $1,376 $10,293 $9,299 $1,473 $10,772 $10,124 $1,576 $11,699 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
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Pro Forma Balance Sheet Month 1 Assets Current Assets Cash Accounts Receivable Inventory 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 $0 $0 $0 $0 $2,374 $0 $0 $2,374 $1,823 $0 $0 $1,823 $2,175 $0 $0 $2,175 $3,501 $0 $0 $3,501 $2,727 $0 $0 $2,727 $3,688 $0 $0 $3,688 $2,800 $0 $0 $2,800 $2,454 $0 $0 $2,454 $3,717 $0 $0 $3,717 $2,767 $0 $0 $2,767 $3,820 $0 $0 $3,820 $3,097 $0 $0 $3,097 $10,000 $0 $10,000 $19,950 $10,000 $172 $9,828 $19,853 Month 1 $10,000 $345 $9,655 $17,942 Month 2 $10,000 $517 $9,483 $17,108 Month 3 $10,000 $690 $9,310 $18,362 Month 4 $10,000 $862 $9,138 $18,118 Month 5 $10,000 $1,035 $8,965 $21,105 Month 6 $10,000 $1,207 $8,793 $22,487 Month 7 $10,000 $1,380 $8,620 $23,338 Month 8 $10,000 $1,552 $8,448 $26,115 Month 9 $10,000 $1,725 $8,275 $27,334 Month 10 $10,000 $1,897 $8,103 $30,898 Month 11 $10,000 $2,070 $7,930 $33,365 Month 12 $8,700 $0 $250 $1,000 $9,950 $7,328 $630 $1,068 $1,000 $10,026 $4,991 $1,481 $816 $1,000 $8,287 $4,163 $1,974 $488 $1,000 $7,626 $4,494 $2,458 $1,101 $1,000 $9,052 $4,491 $2,806 $684 $1,000 $8,981 $6,904 $2,984 $1,252 $1,000 $12,140 $8,789 $3,089 $816 $1,000 $13,694 $10,373 $2,915 $429 $1,000 $14,717 $12,849 $2,797 $1,022 $1,000 $17,668 $14,469 $2,994 $595 $1,000 $19,059 $17,483 $3,162 $1,151 $1,000 $22,795 $20,395 $3,373 $668 $1,000 $25,435 Starting Balances Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Long-term Liabilities Total Liabilities Paid-in Capital Retained Earnings Earnings Total Capital Total Liabilities and Capital Net Worth