Example of a Business Plan from USA:

Source: http://www.bplans.com/resort_hotel_ski_lodge_business_plan/appendix_fc.cfm#ixzz1E2xdVkae
From a number of further examples there, the following business plan was selected because of its clear structure and its professional relevance for this AEHT seminar on hospitality management:

Ski Lodge Business Plan
Plan Outline



Read more: http://www.bplans.com/resort_hotel_ski_lodge_business_plan/executive_summary_fc.cfm#ixzz1E2vBw4wr

Executive Summary

The Silver Bear Lodge is located three blocks from Crest Lake Village, mid-mountain at Bear Valley Resort and on the free shuttle system. Located in the recently expanded Crest Canyon area, Silver Bear Lodge will offer customers 12 two-bedroom units with underground parking, fully-equipped kitchens, laundry facilities and stone fireplaces. Silver Bear Lodge also will offer a common-area outdoor hot tub as well as a on-site store and on-site front desk service.

Each year, over 150,000 skiers and nature lovers visit the Bear Valley Resort area. On average, visitors spend over $250 million, annually, for lodging, food, and recreational activities at Bear Valley Resort.

Marty Snyderman and Luke Roth, co-owners of the Silver Bear Lodge, will operate the lodge as a ski resort during the months of November to April. During the Spring and Summer months (May to August), the Silver Bear Lodge will operate as a summer resort. The lodge will be closed during the months of September and October.

1.1 Objectives

The objectives of the Silver Bear Lodge for the first three years of operation include:

  • Exceeding customer's expectations for luxury apres ski accommodations.
  • Maintaining an 90% occupancy rate during the peak periods.
  • Assembling an experienced and effective staff.

1.2 Mission

The mission of Silver Bear Lodge is to become the number one lodge of choice with visitors to Bear Valley Resort.

Company Summary

The Silver Bear Lodge, located in the recently opened Crest Canyon area, has 12 two-bedroom units with underground parking, fully-equipped kitchens, laundry facilities and stone fireplaces. Silver Bear Lodge also has a common-area outdoor hot tub as well as an on-site store and on-site front desk service.

2.1 Company Ownership

Marty Snyderman and Luke Roth are co-owners of the Silver Bear Lodge.

2.2 Start-up Summary

Marty Snyderman and Luke Roth will each invest $100,000. They will also secure a mortgage to purchase the property for $250,000 and an SBA loan for $100,000.

Start-up Funding
Start-up Expenses to Fund $185,400
Start-up Assets to Fund $364,600
Total Funding Required $550,000
Assets
Non-cash Assets from Start-up $350,000
Cash Requirements from Start-up $14,600
Additional Cash Raised $0
Cash Balance on Starting Date $14,600
Total Assets $364,600
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $350,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $350,000
Capital
Planned Investment
Marty Snyderman $100,000
Luke Roth $100,000
Additional Investment Requirement $0
Total Planned Investment $200,000
Loss at Start-up (Start-up Expenses) ($185,400)
Total Capital $14,600
Total Capital and Liabilities $364,600
Total Funding $550,000

Start-up
Requirements
Start-up Expenses
Legal $5,000
Stationery etc. $400
Brochures $6,000
Rental Shop Setup $50,000
Property Downpayment $50,000
Lodge Setup $20,000
Store Setup $50,000
Insurance $4,000
Total Start-up Expenses $185,400
Start-up Assets
Cash Required $14,600
Other Current Assets $0
Long-term Assets $350,000
Total Assets $364,600
Total Requirements $550,000

2.3 Company Locations and Facilities

The charm and solitude of Bear Valley's secluded mountain setting is found just 36 miles from the Richmond International Airport.

Products

Silver Bear Lodge will offer customers 12 two-bedroom units, fully-equipped kitchens, laundry facilities and stone fireplaces. Silver Bear Lodge will offer a common-area outdoor hot tub as well as the following services on-site:

  • Food store
  • Ski rental/clothing shop
  • Front desk service

Market Analysis Summary

Resort hotel development and operation in the Bear Valley Resort area has been very profitable and successful due to the economic upturn experienced in the early and mid 90's. Time-share / resort hotel development and investments into ski resorts nationwide are currently going strong. In the past two years, sales of time-shares in the Bear Valley Resort area have increased by over 35 percent. There are forty condominiums, lodges, inns and hotels within two miles of the resort. Each year, room occupancy is close to 100% during the peak skiing season. New construction is planned in the spring for two condo complexes and a hotel.

4.1 Market Segmentation

Our customers can be broadly divided into two groups:

  • Skiers. The Bear Valley Resort area is quickly becoming one of the best ski resorts in the U.S. The resort is located 36 miles from Richmond International Airport and is easily accessible.
  • Summer Visitors. During the summer months, the Bear Valley Resort area is a beautiful wilderness retreat with over 50 hiking trails and other outdoor recreational activities.
Market Analysis
Year 1 Year 2 Year 3 Year 4 Year 5
Potential Customers Growth CAGR
Skiers 15% 90,000 103,500 119,025 136,879 157,411 15.00%
Summer Visitors 15% 60,000 69,000 79,350 91,253 104,941 15.00%
Total 15.00% 150,000 172,500 198,375 228,132 262,352 15.00%

Strategy and Implementation Summary

Silver Bear Lodge will aggressively market to both winter and summer visitors of the Bear Valley Resort area. The Bear Valley Resort has activities occuring year round. During the winter there is skiing but in the summer months, the resort has hot-air balloon trips, white water adventures, day hikes into Bear Valley, and other recreational activities that take advantage of valley's spectacular beauty.

There are only thirteen lodges and inns in the Bear Valley Resort. These facilities represent only 580 room units of the total of 4,000 room units in the resort area. The majority of room units in the area are condos.

Our customers are looking for a different lodging experience that cannot be found in any of the area's condo complexes or hotels. We will offer our customers a comfortable, congenial environment that will assure return visits to the Silver Bear Lodge.

The lodge will cost a little more but we will offer our customers all the services they need to make their stay memorable. We will offer a food shop that will be able to take special orders daily. There will be a ski rental shop where customers can outfit themselves and purchase ski passes. Each evening, guests can gather in the lodge's main room where there is a large fireplace, drinks and light music.

5.1 Competitive Edge

The competitive edge of Silver Bear Lodge is the service, first and foremost. Marty Snyderman and Luke Roth, co-owners of the Silver Bear Lodge, have over twenty years experience in managing ski lodging facilities.

Marty is the manager-owner of the Crest Lake Inn. He has owned the inn for ten years.

Luke recently was the manager of the Village Resort Hotel. He held that position for the last five years. Before this position, Luke was the manager of The Ridge, a 60 unit condo complex in Silver Lake Village.

Another significant advantage for the Silver Bear Lodge is its location. Being located in the recently opened Crest Canyon area, Silver Bear Lodge is uniquely positioned to be centrally located to both Crest Lake Village (.5 miles) and the Bear Valley Resort ski area (.5 miles).

5.2 Sales Strategy

The Silver Bear Lodge's sales strategy is to harness the existing Bear Valley Resort booking system that has been critical to the success of all of the area's lodges and inns. Room rates for the lodge will range from $150 - $250 per night in peak season. In the off season prices will range from $100 to $175 per night.

5.2.1 Sales Forecast

The following is the sales forecast for three years.

 

Sales Forecast
Year 1 Year 2 Year 3
Sales
Rooms $430,000 $560,000 $600,000
Food $121,000 $140,000 $180,000
Ski Rentals $132,000 $145,000 $160,000
Clothing $58,000 $70,000 $82,000
Total Sales $741,000 $915,000 $1,022,000
Direct Cost of Sales Year 1 Year 2 Year 3
Rooms $0 $0 $0
Food $59,500 $71,000 $90,000
Ski Rentals $0 $0 $0
Clothing $23,700 $30,000 $38,000
Subtotal Direct Cost of Sales $83,200 $101,000 $128,000

5.3 Marketing Strategy

The Bear Valley Resort area has its own website and advertising/promotion program that promotes the area's lodging. Currently, 70% of the area's visitors use the website to identify lodging and service options.

The Silver Bear Lodge is positioned as a new upscale facility that is focused on the high-income visitors to Bear Valley Resort. The area's lodges and inns receive approximately 80% of their guests from the Bear Valley Resort booking system. Since the total number of room units are few with the area's lodges and inns, these lodging units fill up quickly.

In addition, the Silver Bear Lodge will be highlighted in a promotional piece for Bear Valley Resort in the December issue of Ski Magazine.

Management Summary

Luke Roth will be the manager of the daily operations of the Silver Bear Lodge.

6.1 Personnel Plan

The personnel needed for the Silver Bear Lodge are the following:

  • Manager.
  • Assistant manager.
  • Lodge staff (7).
  • Food store staff (3).
  • Ski rental/clothing store (3).
  • Maintenance staff (3).
  • Cleaning staff (4).
Personnel Plan
Year 1 Year 2 Year 3
Manager $36,000 $39,000 $42,000
Assistant Manager $42,000 $45,000 $48,000
Lodge Staff $110,000 $120,000 $126,000
Food Store Staff $39,000 $43,000 $46,000
Ski Rental/Clothing Store Staff $35,000 $39,000 $42,000
Maintenance Staff $48,000 $52,000 $55,000
Cleaning Staff $72,000 $76,000 $79,000
Total People 9 22 22
Total Payroll $382,000 $414,000 $438,000

Financial Plan

The following is the financial plan for the Silver Bear Lodge.

7.1 Break-even Analysis

The monthly break-even point is approximately $52,900.

Break-even Analysis
Monthly Revenue Break-even $52,905
Assumptions:
Average Percent Variable Cost 11%
Estimated Monthly Fixed Cost $46,965

7.2 Projected Profit and Loss

The following is the projected profit and loss for three years.

Pro Forma Profit and Loss
Year 1 Year 2 Year 3
Sales $741,000 $915,000 $1,022,000
Direct Cost of Sales $83,200 $101,000 $128,000
Other Production Expenses $0 $0 $0
Total Cost of Sales $83,200 $101,000 $128,000
Gross Margin $657,800 $814,000 $894,000
Gross Margin % 88.77% 88.96% 87.48%
Expenses
Payroll $382,000 $414,000 $438,000
Sales and Marketing and Other Expenses $60,000 $80,000 $100,000
Depreciation $14,280 $14,280 $14,280
Leased Equipment $0 $0 $0
Utilities $26,000 $26,000 $26,000
Insurance $24,000 $24,000 $24,000
Lease $0 $0 $0
Payroll Taxes $57,300 $62,100 $65,700
Other $0 $0 $0
Total Operating Expenses $563,580 $620,380 $667,980
Profit Before Interest and Taxes $94,220 $193,620 $226,020
EBITDA $108,500 $207,900 $240,300
Interest Expense $33,375 $30,500 $27,500
Taxes Incurred $18,254 $48,936 $59,556
Net Profit $42,592 $114,184 $138,964
Net Profit/Sales 5.75% 12.48% 13.60%

7.3 Projected Balance Sheet

The following is the projected balance sheet for three years.

Pro Forma Balance Sheet
Year 1 Year 2 Year 3
Assets
Current Assets
Cash $31,437 $118,555 $165,584
Other Current Assets $14,000 $32,000 $53,000
Total Current Assets $45,437 $150,555 $218,584
Long-term Assets
Long-term Assets $350,000 $370,000 $430,000
Accumulated Depreciation $14,280 $28,560 $42,840
Total Long-term Assets $335,720 $341,440 $387,160
Total Assets $381,157 $491,995 $605,744
Liabilities and Capital Year 1 Year 2 Year 3
Current Liabilities
Accounts Payable $3,965 $30,619 $35,405
Current Borrowing $0 $0 $0
Other Current Liabilities $0 $0 $0
Subtotal Current Liabilities $3,965 $30,619 $35,405
Long-term Liabilities $320,000 $290,000 $260,000
Total Liabilities $323,965 $320,619 $295,405
Paid-in Capital $200,000 $200,000 $200,000
Retained Earnings ($185,400) ($142,809) ($28,625)
Earnings $42,592 $114,184 $138,964
Total Capital $57,192 $171,376 $310,340
Total Liabilities and Capital $381,157 $491,995 $605,744
Net Worth $57,192 $171,376 $310,340

7.4 Projected Cash Flow

The following is the projected cash flow for three years.

 

Pro Forma Cash Flow
Year 1 Year 2 Year 3
Cash Received
Cash from Operations
Cash Sales $741,000 $915,000 $1,022,000
Subtotal Cash from Operations $741,000 $915,000 $1,022,000
Additional Cash Received
Sales Tax, VAT, HST/GST Received $0 $0 $0
New Current Borrowing $0 $0 $0
New Other Liabilities (interest-free) $0 $0 $0
New Long-term Liabilities $0 $0 $0
Sales of Other Current Assets $0 $0 $0
Sales of Long-term Assets $0 $0 $0
New Investment Received $0 $0 $0
Subtotal Cash Received $741,000 $915,000 $1,022,000
Expenditures Year 1 Year 2 Year 3
Expenditures from Operations
Cash Spending $382,000 $414,000 $438,000
Bill Payments $298,163 $345,882 $425,971
Subtotal Spent on Operations $680,163 $759,882 $863,971
Additional Cash Spent
Sales Tax, VAT, HST/GST Paid Out $0 $0 $0
Principal Repayment of Current Borrowing $0 $0 $0
Other Liabilities Principal Repayment $0 $0 $0
Long-term Liabilities Principal Repayment $30,000 $30,000 $30,000
Purchase Other Current Assets $14,000 $18,000 $21,000
Purchase Long-term Assets $0 $20,000 $60,000
Dividends $0 $0 $0
Subtotal Cash Spent $724,163 $827,882 $974,971
Net Cash Flow $16,837 $87,118 $47,029
Cash Balance $31,437 $118,555 $165,584

7.5 Business Ratios

Business ratios for the years of this plan are shown below. Industry profile ratios based on the Standard Industrial Classification (SIC) code 7011, Hotels and Motels, are shown for comparison.

Ratio Analysis
Year 1 Year 2 Year 3 Industry Profile
Sales Growth 0.00% 23.48% 11.69% 5.90%
Percent of Total Assets
Other Current Assets 3.67% 6.50% 8.75% 26.00%
Total Current Assets 11.92% 30.60% 36.09% 32.00%
Long-term Assets 88.08% 69.40% 63.91% 68.00%
Total Assets 100.00% 100.00% 100.00% 100.00%
Current Liabilities 1.04% 6.22% 5.84% 19.40%
Long-term Liabilities 83.95% 58.94% 42.92% 34.60%
Total Liabilities 85.00% 65.17% 48.77% 54.00%
Net Worth 15.00% 34.83% 51.23% 46.00%
Percent of Sales
Sales 100.00% 100.00% 100.00% 100.00%
Gross Margin 88.77% 88.96% 87.48% 0.00%
Selling, General & Administrative Expenses 83.02% 76.48% 73.88% 75.10%
Advertising Expenses 8.10% 8.74% 9.78% 1.90%
Profit Before Interest and Taxes 12.72% 21.16% 22.12% 2.50%
Main Ratios
Current 11.46 4.92 6.17 1.45
Quick 11.46 4.92 6.17 1.05
Total Debt to Total Assets 85.00% 65.17% 48.77% 54.00%
Pre-tax Return on Net Worth 106.39% 95.18% 63.97% 1.70%
Pre-tax Return on Assets 15.96% 33.15% 32.77% 3.70%
Additional Ratios Year 1 Year 2 Year 3
Net Profit Margin 5.75% 12.48% 13.60% n.a
Return on Equity 74.47% 66.63% 44.78% n.a
Activity Ratios
Accounts Payable Turnover 76.19 12.17 12.17 n.a
Payment Days 27 17 28 n.a
Total Asset Turnover 1.94 1.86 1.69 n.a
Debt Ratios
Debt to Net Worth 5.66 1.87 0.95 n.a
Current Liab. to Liab. 0.01 0.10 0.12 n.a
Liquidity Ratios
Net Working Capital $41,472 $119,936 $183,180 n.a
Interest Coverage 2.82 6.35 8.22 n.a
Additional Ratios
Assets to Sales 0.51 0.54 0.59 n.a
Current Debt/Total Assets 1% 6% 6% n.a
Acid Test 11.46 4.92 6.17 n.a
Sales/Net Worth 12.96 5.34 3.29 n.a
Dividend Payout 0.00 0.00 0.00 n.a

Appendix

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
Sales
Rooms 0% $40,000 $60,000 $60,000 $50,000 $50,000 $50,000 $30,000 $30,000 $30,000 $30,000 $0 $0
Food 0% $8,000 $16,000 $20,000 $18,000 $18,000 $12,000 $8,000 $7,000 $7,000 $7,000 $0 $0
Ski Rentals 0% $16,000 $24,000 $24,000 $24,000 $24,000 $20,000 $0 $0 $0 $0 $0 $0
Clothing 0% $4,000 $10,000 $8,000 $7,000 $7,000 $6,000 $4,000 $4,000 $4,000 $4,000 $0 $0
Total Sales $68,000 $110,000 $112,000 $99,000 $99,000 $88,000 $42,000 $41,000 $41,000 $41,000 $0 $0
Direct Cost of Sales Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Rooms $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Food $4,000 $8,000 $10,000 $9,000 $9,000 $6,000 $3,000 $3,500 $3,500 $3,500 $0 $0
Ski Rentals $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Clothing $1,400 $4,000 $3,600 $3,000 $3,000 $2,700 $1,500 $1,500 $1,500 $1,500 $0 $0
Subtotal Direct Cost of Sales $5,400 $12,000 $13,600 $12,000 $12,000 $8,700 $4,500 $5,000 $5,000 $5,000 $0 $0

Personnel Plan
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Manager 0% $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000
Assistant Manager 0% $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500
Lodge Staff 0% $13,000 $13,000 $13,000 $13,000 $13,000 $13,000 $8,000 $8,000 $8,000 $8,000 $0 $0
Food Store Staff 0% $4,500 $4,500 $4,500 $4,500 $4,500 $4,500 $3,000 $3,000 $3,000 $3,000 $0 $0
Ski Rental/Clothing Store Staff 0% $4,500 $4,500 $4,500 $4,500 $4,500 $4,500 $2,000 $2,000 $2,000 $2,000 $0 $0
Maintenance Staff 0% $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000
Cleaning Staff 0% $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000
Total People 22 22 22 22 22 22 18 18 18 18 9 9
Total Payroll $38,500 $38,500 $38,500 $38,500 $38,500 $38,500 $29,500 $29,500 $29,500 $29,500 $16,500 $16,500

 

General Assumptions
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Plan Month 1 2 3 4 5 6 7 8 9 10 11 12
Current Interest Rate 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Long-term Interest Rate 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% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
Other 0 0 0 0 0 0 0 0 0 0 0 0

 

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
Sales $68,000 $110,000 $112,000 $99,000 $99,000 $88,000 $42,000 $41,000 $41,000 $41,000 $0 $0
Direct Cost of Sales $5,400 $12,000 $13,600 $12,000 $12,000 $8,700 $4,500 $5,000 $5,000 $5,000 $0 $0
Other Production Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost of Sales $5,400 $12,000 $13,600 $12,000 $12,000 $8,700 $4,500 $5,000 $5,000 $5,000 $0 $0
Gross Margin $62,600 $98,000 $98,400 $87,000 $87,000 $79,300 $37,500 $36,000 $36,000 $36,000 $0 $0
Gross Margin % 92.06% 89.09% 87.86% 87.88% 87.88% 90.11% 89.29% 87.80% 87.80% 87.80% 0.00% 0.00%
Expenses
Payroll $38,500 $38,500 $38,500 $38,500 $38,500 $38,500 $29,500 $29,500 $29,500 $29,500 $16,500 $16,500
Sales and Marketing and Other Expenses $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000
Depreciation $1,190 $1,190 $1,190 $1,190 $1,190 $1,190 $1,190 $1,190 $1,190 $1,190 $1,190 $1,190
Leased Equipment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Utilities $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $1,500 $1,300 $1,300 $1,300 $1,300 $1,300
Insurance $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000
Lease $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Payroll Taxes 15% $5,775 $5,775 $5,775 $5,775 $5,775 $5,775 $4,425 $4,425 $4,425 $4,425 $2,475 $2,475
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Operating Expenses $55,465 $55,465 $55,465 $55,465 $55,465 $55,465 $43,615 $43,415 $43,415 $43,415 $28,465 $28,465
Profit Before Interest and Taxes $7,135 $42,535 $42,935 $31,535 $31,535 $23,835 ($6,115) ($7,415) ($7,415) ($7,415) ($28,465) ($28,465)
EBITDA $8,325 $43,725 $44,125 $32,725 $32,725 $25,025 ($4,925) ($6,225) ($6,225) ($6,225) ($27,275) ($27,275)
Interest Expense $2,896 $2,875 $2,854 $2,833 $2,813 $2,792 $2,771 $2,750 $2,729 $2,708 $2,688 $2,667
Taxes Incurred $1,272 $11,898 $12,024 $8,611 $8,617 $6,313 ($2,666) ($3,050) ($3,043) ($3,037) ($9,346) ($9,340)
Net Profit $2,967 $27,762 $28,057 $20,091 $20,106 $14,730 ($6,220) ($7,116) ($7,101) ($7,086) ($21,807) ($21,792)
Net Profit/Sales 4.36% 25.24% 25.05% 20.29% 20.31% 16.74% -14.81% -17.35% -17.32% -17.28% 0.00% 0.00%

 

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 Received
Cash from Operations
Cash Sales $68,000 $110,000 $112,000 $99,000 $99,000 $88,000 $42,000 $41,000 $41,000 $41,000 $0 $0
Subtotal Cash from Operations $68,000 $110,000 $112,000 $99,000 $99,000 $88,000 $42,000 $41,000 $41,000 $41,000 $0 $0
Additional Cash Received
Sales Tax, VAT, HST/GST Received 0.00% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Other Liabilities (interest-free) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Long-term Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Sales of Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Sales of Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Investment Received $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Cash Received $68,000 $110,000 $112,000 $99,000 $99,000 $88,000 $42,000 $41,000 $41,000 $41,000 $0 $0
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
Expenditures from Operations
Cash Spending $38,500 $38,500 $38,500 $38,500 $38,500 $38,500 $29,500 $29,500 $29,500 $29,500 $16,500 $16,500
Bill Payments $845 $25,916 $42,605 $44,086 $39,218 $39,017 $33,045 $17,527 $17,425 $17,410 $16,954 $4,116
Subtotal Spent on Operations $39,345 $64,416 $81,105 $82,586 $77,718 $77,517 $62,545 $47,027 $46,925 $46,910 $33,454 $20,616
Additional Cash Spent
Sales Tax, VAT, HST/GST Paid Out $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Principal Repayment of Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Liabilities Principal Repayment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Long-term Liabilities Principal Repayment $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500
Purchase Other Current Assets $0 $3,000 $1,000 $0 $3,000 $0 $2,000 $0 $2,000 $0 $0 $3,000
Purchase Long-term Assets $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
Subtotal Cash Spent $41,845 $69,916 $84,605 $85,086 $83,218 $80,017 $67,045 $49,527 $51,425 $49,410 $35,954 $26,116
Net Cash Flow $26,155 $40,084 $27,395 $13,914 $15,782 $7,983 ($25,045) ($8,527) ($10,425) ($8,410) ($35,954) ($26,116)
Cash Balance $40,755 $80,839 $108,234 $122,149 $137,930 $145,914 $120,869 $112,342 $101,917 $93,507 $57,553 $31,437

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
Assets Starting Balances
Current Assets
Cash $14,600 $40,755 $80,839 $108,234 $122,149 $137,930 $145,914 $120,869 $112,342 $101,917 $93,507 $57,553 $31,437
Other Current Assets $0 $0 $3,000 $4,000 $4,000 $7,000 $7,000 $9,000 $9,000 $11,000 $11,000 $11,000 $14,000
Total Current Assets $14,600 $40,755 $83,839 $112,234 $126,149 $144,930 $152,914 $129,869 $121,342 $112,917 $104,507 $68,553 $45,437
Long-term Assets
Long-term Assets $350,000 $350,000 $350,000 $350,000 $350,000 $350,000 $350,000 $350,000 $350,000 $350,000 $350,000 $350,000 $350,000
Accumulated Depreciation $0 $1,190 $2,380 $3,570 $4,760 $5,950 $7,140 $8,330 $9,520 $10,710 $11,900 $13,090 $14,280
Total Long-term Assets $350,000 $348,810 $347,620 $346,430 $345,240 $344,050 $342,860 $341,670 $340,480 $339,290 $338,100 $336,910 $335,720
Total Assets $364,600 $389,565 $431,459 $458,664 $471,389 $488,980 $495,774 $471,539 $461,822 $452,207 $442,607 $405,463 $381,157
Liabilities and Capital Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Current Liabilities
Accounts Payable $0 $24,498 $41,130 $42,778 $37,912 $37,897 $32,460 $16,946 $16,845 $16,831 $16,816 $3,980 $3,965
Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Current Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Current Liabilities $0 $24,498 $41,130 $42,778 $37,912 $37,897 $32,460 $16,946 $16,845 $16,831 $16,816 $3,980 $3,965
Long-term Liabilities $350,000 $347,500 $345,000 $342,500 $340,000 $337,500 $335,000 $332,500 $330,000 $327,500 $325,000 $322,500 $320,000
Total Liabilities $350,000 $371,998 $386,130 $385,278 $377,912 $375,397 $367,460 $349,446 $346,845 $344,331 $341,816 $326,480 $323,965
Paid-in Capital $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000
Retained Earnings ($185,400) ($185,400) ($185,400) ($185,400) ($185,400) ($185,400) ($185,400) ($185,400) ($185,400) ($185,400) ($185,400) ($185,400) ($185,400)
Earnings $0 $2,967 $30,729 $58,786 $78,877 $98,983 $113,713 $107,493 $100,378 $93,277 $86,190 $64,384 $42,592
Total Capital $14,600 $17,567 $45,329 $73,386 $93,477 $113,583 $128,313 $122,093 $114,978 $107,877 $100,790 $78,984 $57,192
Total Liabilities and Capital $364,600 $389,565 $431,459 $458,664 $471,389 $488,980 $495,774 $471,539 $461,822 $452,207 $442,607 $405,463 $381,157
Net Worth $14,600 $17,567 $45,329 $73,386 $93,477 $113,583 $128,313 $122,093 $114,978 $107,877 $100,790 $78,984 $57,192

 

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