Beruflich Dokumente
Kultur Dokumente
This sample business plan has been made available to users of Business Plan Pro, business planning software published by Palo Alto Software. Names, locations and numbers may have been changed, and substantial portions of the original plan text may have been omitted to preserve confidentiality and proprietary information. You are welcome to use this plan as a starting point to create your own, but you do not have permission to reproduce, publish, distribute or even copy this plan as it exists here. Requests for reprints, academic use, and other dissemination of this sample plan should be emailed to the marketing department of Palo Alto Software at marketing@paloalto.com. For product information visit our Website: www.paloalto.com or call: 1-800-229-7526. Copyright Palo Alto Software, Inc., 1995-2002 All rights reserved.
Confidentiality Agreement
The undersigned reader acknowledges that the information provided by _________________________ in this business plan is confidential; therefore, reader agrees not to disclose it without the express written permission of _________________________. It is acknowledged by reader that information to be furnished in this business plan is in all respects confidential in nature, other than information which is in the public domain through other means and that any disclosure or use of same by reader, may cause serious harm or damage to _________________________. Upon request, this document is to be immediately returned to _________________________. ___________________ Signature ___________________ Name (typed or printed) ___________________ Date This is a business plan. It does not imply an offering of securities.
Table of Contents
1.0 Executive Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.1 Objectives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.2 Mission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.3 Keys to Success . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Company Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.1 Company Ownership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.2 Start-up Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.3 Company Locations and Facilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.1 Competitive Comparison . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.2 Sales Literature . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.3 Fulfillment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.4 Technology . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.5 Future Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Market Analysis Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.1 Market Segmentation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.2 Target Market Segment Strategy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.2.1 Market Needs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.2.2 Market Trends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.2.3 Market Growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Strategy and Implementation Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.1 Competitive Edge . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.2 Marketing Strategy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.2.1 Positioning Statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.2.2 Pricing Strategy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.2.3 Promotion Strategy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.2.4 Distribution Strategy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.2.5 Marketing Programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.3 Sales Strategy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.3.1 Sales Forecast . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.3.2 Sales Programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.4 Strategic Alliances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.5 Milestones . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Management Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.1 Organizational Structure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.2 Management Team . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.3 Management Team Gaps . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.4 Personnel Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Financial Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.1 Important Assumptions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.2 Key Financial Indicators . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.3 Break-even Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.4 Projected Profit and Loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.5 Projected Cash Flow . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.6 Projected Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.7 Business Ratios . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 2 3 3 3 3 5 6 6 6 6 7 7 7 8 9 9 9 9 10 10 10 10 11 11 11 11 12 12 13 13 13 14 14 14 15 15 15 16 17 18 19 20 22 22
2.0
3.0
4.0
5.0
6.0
7.0
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Highlights
$700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 ($100,000) 1999 2000 2001
1.1 Objectives
1. 2. 3. 4. Sales of $430,000 in 1999 and $600,000 by the year 2001. Gross margin higher than 50%. Net profit/sales to be positive by the second year. Have a crime rate of 0.
1.2 Mission
MSN Real Estate provides high-quality, comfortable rental units in Eugene and other areas of Oregon. MSN's apartment units offer state-of-the-art living conditions reflective of the rapid advancements in technology and a growing need for quality housing. Our company is dedicated to a hassle free living environment in which our tenants can enjoy all of the benefits of safe, attractive, and inviting units. Unlike many other realty companies that are solely concerned with turning profits, our primary objective at MSN is to maintain the highest level of customer satisfaction that is achievable. Tenant safety, happiness, and comfort are our main goals. MSN maintains competitive market prices, while working toward expanding the number of units owned, and increasing total profits earned. Within the company we will strive to work as a cohesive, harmonious unit focused on exemplifying our mission. Just as customer satisfaction is an intricate part of MSN's success, so is employee satisfaction. That is why the founders of MSN Real Estate believe that employee satisfaction will make the company a success and will be the key to their longevity. Initial focus will be to buy and develop existing apartment complexes. We will modify and remodel the acquired real estate so as to meet MSN standards and increase long-term assets and income. Housing units will predominantly be located in the University neighborhood targeting both students and professionals. MSN fosters the ideals of the importance of tenant needs along with healthy and understanding relationships and a professional commitment to satisfaction. Page 2
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Start-up
$1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 Expenses Assets Investment Loans
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3.3 Fulfillment
1. MSN's key fulfillment will be provided by management's dedication to a higher quality product. This is achieved through the solid network of contractors, and cutting edge architects who are all dedicated to helping MSN. We are hard workers who have a solid backing from our developers. We will maintain a pool of professionals in which to pull from for our needed services. This will help us develop a rapport with our contractors as well maintaining our high expectations.
2.
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20,000
15,000
10,000
5,000
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2.
3.
Table: Market Analysis Market Analysis Potential Customers Students Professionals Faculty/Staff Other Total Growth 7% 4% 5% 3% 5.20% 1999 18,000 12,000 6,000 4,000 40,000 2000 19,170 12,480 6,300 4,120 42,070 2001 20,416 12,979 6,615 4,244 44,254 2002 21,743 13,498 6,946 4,371 46,558 2003 23,156 14,038 7,293 4,502 48,989 CAGR 6.50% 4.00% 5.00% 3.00% 5.20%
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3.
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Sales Monthly
$60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
5.5 Milestones
The accompanying table lists our company's milestones, including dates, management responsibility, and budgets. This table indicates our expectations from the company as well as outlining our plan for start up. The table shows the anticipated divisions that are to occur within the company as it grows, as well as an increase in units owned. This is an initial assessment, and MSN will continually adjust in order to sustain our business in all the different departments.
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Benchmarks
1.4 1.2 1.0 0.8 0.6 0.4 0.2 0.0 Sales Gross Margin% Operating Expenses
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Break-even Analysis
$15,000 $10,000 $5,000 $0 ($5,000) ($10,000) ($15,000) 0 10 20 30 40 50
Table: Break-even Analysis Break-even Analysis: Monthly Units Break-even Monthly Revenue Break-even Assumptions: Average Per-Unit Revenue Average Per-Unit Variable Cost Estimated Monthly Fixed Cost 29 $24,139 $820.00 $375.00 $13,100
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$90,600 $105,000 $128,000 $13,800 $14,000 $17,700 $12,221 $13,000 $19,333 $2,400 $2,600 $2,800 $7,200 $8,200 $8,500 $14,400 $15,500 $1,600 $0 $12,000 $15,000 $3,000 $4,000 $5,000 $13,590 $15,750 $19,200 $0 $0 $0 ---------------------------------$157,211 $190,050 $217,133 $50,160 $92,708 $122,487 $66,014 $83,294 $100,922 $0 $2,354 $5,391 ($15,854) $7,061 $16,174 -3.62% 1.31% 2.64% FALSE TRUE TRUE
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Cash
$200,000 $0 ($200,000) ($400,000) ($600,000) ($800,000) ($1,000,000) ($1,200,000) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
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$437,380 $0 $437,380 $0 $0 $8,400 $1,802 $4,500 $0 $0 $5,862 $457,944 1999 $28,677 $386,726 $415,403 $0 $0 $0 $650 ($12,127) $0 $1,080,000 $0 $1,483,926 ($1,025,982) $85,348
$538,498 $0 $538,498 $0 $0 $15,000 $2,500 $513,000 $0 $0 $6,000 $1,074,998 2000 $33,047 $480,894 $513,941 $0 $0 $0 $0 ($14,470) $0 $570,000 $0 $1,069,471 $5,527 $90,875
$612,756 $0 $612,756 $0 $0 $12,000 $2,000 $2,500 $0 $0 $4,000 $633,256 2001 $34,991 $540,259 $575,250 $0 $0 $0 $0 ($21,646) $0 $0 $0 $553,604 $79,652 $170,526
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Appendix
Appendix Table: Sales Forecast Sales Forecast Unit Sales Single Units Double Units Quad Units Luxury Suite Other Total Unit Sales Unit Prices Single Units Double Units Quad Units Luxury Suite Other Sales Single Units Double Units Quad Units Luxury Suite Other Total Sales Direct Unit Costs Single Units Double Units Quad Units Luxury Suite Other Direct Cost of Sales Single Units Double Units Quad Units Luxury Suite Other Subtotal Direct Cost of Sales Jan 24 10 8 2 0 44 Jan $425.00 $820.00 $1,200.00 $675.00 $0.00 $10,200 $8,200 $9,600 $1,350 $0 $29,350 Jan $260.00 $428.00 $511.00 $302.00 $0.00 Jan $6,240 $4,280 $4,088 $604 $0 $15,212 Feb 24 10 8 2 0 44 Feb $425.00 $820.00 $1,200.00 $675.00 $0.00 $10,200 $8,200 $9,600 $1,350 $0 $29,350 Feb $260.00 $428.00 $511.00 $302.00 $0.00 Feb $6,240 $4,280 $4,088 $604 $0 $15,212 Mar 24 10 8 2 0 44 Mar $425.00 $820.00 $1,200.00 $675.00 $0.00 $10,200 $8,200 $9,600 $1,350 $0 $29,350 Mar $260.00 $428.00 $511.00 $302.00 $0.00 Mar $6,240 $4,280 $4,088 $604 $0 $15,212 Apr 24 10 8 2 0 44 Apr $425.00 $820.00 $1,200.00 $675.00 $0.00 $10,200 $8,200 $9,600 $1,350 $0 $29,350 Apr $260.00 $428.00 $511.00 $302.00 $0.00 Apr $6,240 $4,280 $4,088 $604 $0 $15,212 May 24 10 8 2 0 44 May $425.00 $820.00 $1,200.00 $675.00 $0.00 $10,200 $8,200 $9,600 $1,350 $0 $29,350 May $260.00 $428.00 $511.00 $302.00 $0.00 May $6,240 $4,280 $4,088 $604 $0 $15,212 Jun 24 10 8 2 0 44 Jun $350.00 $820.00 $1,200.00 $675.00 $0.00 $8,400 $8,200 $9,600 $1,350 $0 $27,550 Jun $260.00 $428.00 $511.00 $302.00 $0.00 Jun $6,240 $4,280 $4,088 $604 $0 $15,212 Jul 24 16 12 2 0 54 Jul $350.00 $740.00 $1,000.00 $600.00 $0.00 $8,400 $11,840 $12,000 $1,200 $0 $33,440 Jul $260.00 $428.00 $511.00 $302.00 $0.00 Jul $6,240 $6,848 $6,132 $604 $0 $19,824 Aug 24 16 12 2 0 54 Aug $350.00 $740.00 $1,000.00 $600.00 $0.00 $8,400 $11,840 $12,000 $1,200 $0 $33,440 Aug $260.00 $428.00 $511.00 $302.00 $0.00 Aug $6,240 $6,848 $6,132 $604 $0 $19,824 Sep 29 20 14 3 0 66 Sep $350.00 $740.00 $1,000.00 $600.00 $0.00 $10,150 $14,800 $14,000 $1,800 $0 $40,750 Sep $260.00 $428.00 $511.00 $302.00 $0.00 Sep $7,540 $8,560 $7,154 $906 $0 $24,160 Oct 29 20 14 3 0 66 Oct $440.00 $850.00 $1,300.00 $725.00 $0.00 $12,760 $17,000 $18,200 $2,175 $0 $50,135 Oct $260.00 $428.00 $511.00 $302.00 $0.00 Oct $7,540 $8,560 $7,154 $906 $0 $24,160 Nov 29 20 14 3 0 66 Nov $440.00 $850.00 $1,300.00 $725.00 $0.00 $12,760 $17,000 $18,200 $2,175 $0 $50,135 Nov $260.00 $428.00 $511.00 $302.00 $0.00 Nov $7,540 $8,560 $7,154 $906 $0 $24,160 Dec 32 22 15 4 0 73 Dec $440.00 $850.00 $1,300.00 $725.00 $0.00 $14,080 $18,700 $19,500 $2,900 $0 $55,180 Dec $260.00 $428.00 $511.00 $302.00 $0.00 Dec $8,320 $9,416 $7,665 $1,208 $0 $26,609
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Appendix
Appendix Table: Personnel Personnel Plan Nathan Koach CFO Shawn Menashe CEO Denise Richards (Admin. Mgr.) Joe Nash (Brokerage Manager) Head Contractor (Develop. Mgr.) Other Total People Total Payroll Jan $1,200 $1,200 $800 $950 $1,150 $2,000 18 $7,300 Feb $1,200 $1,200 $800 $950 $1,150 $2,000 18 $7,300 Mar $1,200 $1,200 $800 $950 $1,150 $2,000 18 $7,300 Apr $1,200 $1,200 $800 $950 $1,150 $2,000 18 $7,300 May $1,200 $1,200 $800 $950 $1,150 $2,000 18 $7,300 Jun $1,200 $1,200 $800 $950 $1,150 $2,000 18 $7,300 Jul $1,400 $1,400 $800 $1,000 $1,200 $2,000 18 $7,800 Aug $1,400 $1,400 $800 $1,000 $1,200 $2,000 18 $7,800 Sep $1,400 $1,400 $800 $1,000 $1,200 $2,000 18 $7,800 Oct $1,400 $1,400 $800 $1,000 $1,200 $2,000 18 $7,800 Nov $1,400 $1,400 $800 $1,000 $1,200 $2,000 18 $7,800 Dec $1,400 $1,400 $800 $1,000 $1,200 $2,000 18 $7,800
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Appendix
Appendix Table: General Assumptions General Assumptions Plan Month Current Interest Rate Long-term Interest Rate Tax Rate Other Calculated Totals Payroll Expense New Accounts Payable Jan 1 8.00% 6.00% 25.00% 0.00% $7,300 $30,712 Feb 2 8.00% 6.00% 25.00% 0.00% $7,300 $30,722 Mar 3 8.00% 6.00% 25.00% 0.00% $7,300 $30,733 Apr 4 8.00% 6.00% 25.00% 0.00% $7,300 $30,743 May 5 8.00% 6.00% 25.00% 0.00% $7,300 $30,753 Jun 6 8.00% 6.00% 25.00% 0.00% $7,300 $30,811 Jul 7 8.00% 6.00% 25.00% 0.00% $7,800 $35,343 Aug 8 8.00% 6.00% 25.00% 0.00% $7,800 $35,120 Sep 9 8.00% 6.00% 25.00% 0.00% $7,800 $39,003 Oct 10 8.00% 6.00% 25.00% 0.00% $7,800 $38,783 Nov 11 8.00% 6.00% 25.00% 0.00% $7,800 $38,752 Dec 12 8.00% 6.00% 25.00% 0.00% $7,800 $40,861
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Appendix
Appendix Table: Profit and Loss Pro Forma Profit and Loss Sales Direct Cost of Sales Production Payroll Other Total Cost of Sales Gross Margin Gross Margin % Expenses: Payroll Sales and Marketing and Other Expenses Depreciation Leased Equipment Utilities Insurance Maintenance Rent Payroll Taxes Other Total Operating Expenses Profit Before Interest and Taxes Interest Expense Taxes Incurred Net Profit Net Profit/Sales Include Negative Taxes Jan $29,350 $15,212 $0 $0 -----------$15,212 $14,138 48.17% $7,300 $1,350 $0 $200 $600 $1,200 $0 $250 $1,095 $0 -----------$11,995 $2,143 $5,440 $0 ($3,297) -11.23% Feb $29,350 $15,212 $0 $0 -----------$15,212 $14,138 48.17% $7,300 $1,350 $1,111 $200 $600 $1,200 $0 $250 $1,095 $0 -----------$13,106 $1,032 $5,451 $0 ($4,419) -15.06% Mar $29,350 $15,212 $0 $0 -----------$15,212 $14,138 48.17% $7,300 $1,350 $1,111 $200 $600 $1,200 $0 $250 $1,095 $0 -----------$13,106 $1,032 $5,461 $0 ($4,429) -15.09% Apr $29,350 $15,212 $0 $0 -----------$15,212 $14,138 48.17% $7,300 $1,350 $1,111 $200 $600 $1,200 $0 $250 $1,095 $0 -----------$13,106 $1,032 $5,472 $0 ($4,440) -15.13% May $29,350 $15,212 $0 $0 -----------$15,212 $14,138 48.17% $7,300 $1,350 $1,111 $200 $600 $1,200 $0 $250 $1,095 $0 -----------$13,106 $1,032 $5,483 $0 ($4,451) -15.17% Jun $27,550 $15,212 $0 $0 -----------$15,212 $12,338 44.78% $7,300 $1,350 $1,111 $200 $600 $1,200 $0 $250 $1,095 $0 -----------$13,106 ($768) $5,496 $0 ($6,264) -22.74% Jul $33,440 $19,824 $0 $0 -----------$19,824 $13,616 40.72% $7,800 $1,150 $1,111 $200 $600 $1,200 $0 $250 $1,170 $0 -----------$13,481 $135 $5,505 $0 ($5,370) -16.06% Aug $33,440 $19,824 $0 $0 -----------$19,824 $13,616 40.72% $7,800 $900 $1,111 $200 $600 $1,200 $0 $250 $1,170 $0 -----------$13,231 $385 $5,514 $0 ($5,129) -15.34% Sep $40,750 $24,160 $0 $0 -----------$24,160 $16,590 40.71% $7,800 $950 $1,111 $200 $600 $1,200 $0 $250 $1,170 $0 -----------$13,281 $3,309 $5,523 $0 ($2,214) -5.43% Oct $50,135 $24,160 $0 $0 -----------$24,160 $25,975 51.81% $7,800 $950 $1,111 $200 $600 $1,200 $0 $250 $1,170 $0 -----------$13,281 $12,694 $5,540 $0 $7,154 14.27% Nov $50,135 $24,160 $0 $0 -----------$24,160 $25,975 51.81% $7,800 $900 $1,111 $200 $600 $1,200 $0 $250 $1,170 $0 -----------$13,231 $12,744 $5,556 $0 $7,188 14.34% Dec $55,180 $26,609 $0 $0 -----------$26,609 $28,571 51.78% $7,800 $850 $1,111 $200 $600 $1,200 $0 $250 $1,170 $0 -----------$13,181 $15,390 $5,572 $0 $9,818 17.79%
15%
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Appendix
Appendix Table: Cash Flow Pro Forma Cash Flow Cash Received Cash from Operations: Cash Sales Cash from Receivables Subtotal Cash from Operations Additional Cash Received Non Operating (Other) Income 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 Payment of Accounts Payable Subtotal Spent on Operations Additional Cash Spent Non Operating (Other) Expense 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 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
$29,350 $0 $29,350 $0 $0 $1,000 $200 $0 $0 $0 $100 $30,650 Jan $1,935 $17,770 $19,704 $0 $0 $0 $0 $0 $0 $1,080,000 $0 $1,099,704 ($1,069,05 4) $42,276
$29,350 $0 $29,350 $0 $0 $800 $0 $0 $0 $0 $150 $30,300 Feb $1,935 $30,718 $32,653 $0 $0 $0 $200 ($1,075) $0 $0 $0 $31,778 ($1,478) $40,797
$29,350 $0 $29,350 $0 $0 $800 $0 $0 $0 $0 $150 $30,300 Mar $1,936 $30,728 $32,664 $0 $0 $0 $200 ($1,081) $0 $0 $0 $31,784 ($1,484) $39,314
$29,350 $0 $29,350 $0 $0 $800 $200 $0 $0 $0 $150 $30,500 Apr $1,936 $30,739 $32,675 $0 $0 $0 $0 ($1,086) $0 $0 $0 $31,589 ($1,089) $38,225
$29,350 $0 $29,350 $0 $0 $800 $200 $0 $0 $0 $1,000 $31,350 May $1,937 $30,749 $32,686 $0 $0 $0 $0 ($1,091) $0 $0 $0 $31,594 ($244) $37,981
$27,550 $0 $27,550 $0 $0 $1,200 $200 $0 $0 $0 $1,000 $29,950 Jun $1,893 $31,196 $33,088 $0 $0 $0 $0 ($1,097) $0 $0 $0 $31,992 ($2,042) $35,939
$33,440 $0 $33,440 $0 $0 $500 $200 $0 $0 $0 $1,011 $35,151 Jul $2,357 $31,305 $33,662 $0 $0 $0 $0 ($1,102) $0 $0 $0 $32,559 $2,592 $38,530
$33,440 $0 $33,440 $0 $0 $500 $200 $0 $0 $0 $1,001 $35,141 Aug $2,338 $35,280 $37,619 $0 $0 $0 $0 ($1,108) $0 $0 $0 $36,511 ($1,370) $37,161
$40,750 $0 $40,750 $0 $0 $500 $200 $0 $0 $0 $100 $41,550 Sep $2,850 $34,548 $37,399 $0 $0 $0 $0 ($1,113) $0 $0 $0 $36,285 $5,265 $42,425
$50,135 $0 $50,135 $0 $0 $500 $202 $1,500 $0 $0 $100 $52,437 Oct $3,086 $36,731 $39,817 $0 $0 $0 $0 ($1,119) $0 $0 $0 $38,699 $13,738 $56,164
$50,135 $0 $50,135 $0 $0 $500 $0 $1,500 $0 $0 $1,000 $53,135 Nov $3,084 $38,774 $41,858 $0 $0 $0 $250 ($1,125) $0 $0 $0 $40,983 $12,152 $68,316
$55,180 $0 $55,180 $0 $0 $500 $200 $1,500 $0 $0 $100 $57,480 Dec $3,391 $38,187 $41,578 $0 $0 $0 $0 ($1,130) $0 $0 $0 $40,448 $17,032 $85,348
0.00%
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Appendix
Appendix Table: Balance Sheet Pro Forma Balance Sheet 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 Accounts Payable Current Borrowing Other Current Liabilities Subtotal Current Liabilities Long-term Liabilities Total Liabilities Paid-in Capital Retained Earnings Earnings Total Capital Total Liabilities and Capital Net Worth $3,890 $5,000 $0 $8,890 $1,080,000 $1,088,890 $246,000 ($91,560) $0 $154,440 $1,243,330 $154,440 Jan $16,833 $6,000 $200 $23,033 $1,080,000 $1,103,033 $246,100 ($91,560) ($3,297) $151,243 $1,254,276 $151,243 Feb $16,837 $6,800 $0 $23,637 $1,081,075 $1,104,712 $246,250 ($91,560) ($7,716) $146,974 $1,251,686 $146,974 Mar $16,841 $7,600 ($200) $24,241 $1,082,156 $1,106,397 $246,400 ($91,560) ($12,145) $142,695 $1,249,092 $142,695 Apr $16,846 $8,400 $0 $25,246 $1,083,242 $1,108,487 $246,550 ($91,560) ($16,585) $138,405 $1,246,892 $138,405 May $16,850 $9,200 $200 $26,250 $1,084,333 $1,110,583 $247,550 ($91,560) ($21,036) $134,954 $1,245,537 $134,954 Jun $16,465 $10,400 $400 $27,265 $1,085,430 $1,112,695 $248,550 ($91,560) ($27,301) $129,689 $1,242,384 $129,689 Jul $20,503 $10,900 $600 $32,003 $1,086,532 $1,118,535 $249,561 ($91,560) ($32,671) $125,330 $1,243,864 $125,330 Aug $20,342 $11,400 $800 $32,542 $1,087,640 $1,120,182 $250,562 ($91,560) ($37,800) $121,202 $1,241,384 $121,202 Sep $24,797 $11,900 $1,000 $37,697 $1,088,753 $1,126,450 $250,662 ($91,560) ($40,014) $119,088 $1,245,537 $119,088 Oct $26,849 $12,400 $1,202 $40,451 $1,091,372 $1,131,823 $250,762 ($91,560) ($32,860) $126,342 $1,258,165 $126,342 Nov $26,827 $12,900 $952 $40,679 $1,093,997 $1,134,676 $251,762 ($91,560) ($25,672) $134,530 $1,269,206 $134,530 Dec $29,501 $13,400 $1,152 $44,053 $1,096,627 $1,140,679 $251,862 ($91,560) ($15,854) $144,448 $1,285,127 $144,448 Starting Balances $1,111,330 $12,000 $1,123,330 $120,000 $0 $120,000 $1,243,330 Jan $42,276 $12,000 $54,276 $1,200,000 $0 $1,200,000 $1,254,276 Feb $40,797 $12,000 $52,797 $1,200,000 $1,111 $1,198,889 $1,251,686 Mar $39,314 $12,000 $51,314 $1,200,000 $2,222 $1,197,778 $1,249,092 Apr $38,225 $12,000 $50,225 $1,200,000 $3,333 $1,196,667 $1,246,892 May $37,981 $12,000 $49,981 $1,200,000 $4,444 $1,195,556 $1,245,537 Jun $35,939 $12,000 $47,939 $1,200,000 $5,555 $1,194,445 $1,242,384 Jul $38,530 $12,000 $50,530 $1,200,000 $6,666 $1,193,334 $1,243,864 Aug $37,161 $12,000 $49,161 $1,200,000 $7,777 $1,192,223 $1,241,384 Sep $42,425 $12,000 $54,425 $1,200,000 $8,888 $1,191,112 $1,245,537 Oct $56,164 $12,000 $68,164 $1,200,000 $9,999 $1,190,001 $1,258,165 Nov $68,316 $12,000 $80,316 $1,200,000 $11,110 $1,188,890 $1,269,206 Dec $85,348 $12,000 $97,348 $1,200,000 $12,221 $1,187,779 $1,285,127
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