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Business Financial Plan

This post is another example of business financial plan. The financial plan given in this post is made for a new business venture setting up in Washington DC which provides its services of cleaning to the commercial business centers. This post guides you from the financial statements to the financial analysis for setting up a new business venture. If ever you have to present your financial projections then you will have to provide the accurate, specific, realistic and technically perfect figures increase the chances of its success. 
 
 

Income Statment

 
Income Statement 5 Years
 -   Year-1   Year-2   Year-3   Year-4   Year-5 
No. of hours work 7200 8640 10080 11520 12960
Average Payment per hour  $             35  $             35  $             35  $             35  $             35
Revenues  $   252,000  $   302,400  $   352,800  $   403,200  $   453,600
Cost of services Material  $   108,000  $   129,600  $   151,200  $   172,800  $   194,400
Labor  $     72,000  $     86,400  $   100,800  $   115,200  $   129,600
Cost of Services rendered  $   180,000  $   216,000  $   252,000  $   288,000  $   324,000
Gross Profit  $     72,000  $     86,400  $   100,800  $   115,200  $   129,600
Advertising  $     20,000  $     40,000  $     40,000  $     50,000  $     50,000
Operating profit  $     52,000  $     46,400  $     60,800  $     65,200  $     79,600
Tax @ 30%  $     15,600  $     13,920  $     18,240  $     19,560  $     23,880
Net Profit  $     36,400  $     32,480  $     42,560  $     45,640  $     55,720

 

Income Statement Monthly Break Ups Year-1
- Month-1 Month-2 Month-3 Month-4 Month-5 Month-6 Month-7 Month-8 Month-9 Month-10 Month-11 Month-12
No. of hours work  $           600  $           600  $           600  $           600  $           600  $           600  $           600  $           600  $           600  $             600  $             600  $             600
Average Payment per hour  $             35  $             35  $             35  $             35  $             35  $             35  $             35  $             35  $             35  $               35  $               35  $               35
Revenues  $     21,000  $     21,000  $     21,000  $     21,000  $     21,000  $     21,000  $     21,000  $     21,000  $     21,000  $       21,000  $       21,000  $       21,000
Cost of services Material  $        9,000  $        9,000  $        9,000  $        9,000  $        9,000  $        9,000  $        9,000  $        9,000  $        9,000  $          9,000  $          9,000  $          9,000
Labor  $        6,000  $        6,000  $        6,000  $        6,000  $        6,000  $        6,000  $        6,000  $        6,000  $        6,000  $          6,000  $          6,000  $          6,000
Cost of Services rendered  $     15,000  $     15,000  $     15,000  $     15,000  $     15,000  $     15,000  $     15,000  $     15,000  $     15,000  $        15,000  $        15,000  $        15,000
Gross Profit  $       6,000  $       6,000  $       6,000  $       6,000  $       6,000  $       6,000  $       6,000  $       6,000  $       6,000  $          6,000  $          6,000  $          6,000
Advertising  $        1,667  $        1,667  $        1,667  $        1,667  $        1,667  $        1,667  $        1,667  $        1,667  $        1,667  $          1,667  $          1,667  $          1,667
Operating profit  $       4,333  $       4,333  $       4,333  $       4,333  $       4,333  $       4,333  $       4,333  $       4,333  $       4,333  $          4,333  $          4,333  $          4,333
Tax @ 30%                        $        15,600
Net Profit  $       4,333  $       4,333  $       4,333  $       4,333  $       4,333  $       4,333  $       4,333  $       4,333  $       4,333  $          4,333  $          4,333  $     (11,267)

 

Cash Flow Statement

Cash Flow Statement 5 Years
 -   Year-1   Year-2   Year-3   Year-4   Year-5 
 Net Income   $       36,400  $       32,480  $       42,560  $       45,640  $       55,720
 Cash Flow From Operating Activities   $       36,400  $       32,480  $       42,560  $       45,640  $       55,720
 Cash Flow From Investing Activities   $                -    $                -    $                -    $                -    $                -  
 Equity Investment   $       16,667        
 Cash Flow From Financing Activities   $       16,667  $                -    $                -    $                -    $                -  
 Cash Opening Balance   $                -    $       53,067  $       85,547  $     128,107  $     173,747
 Net Cash Balance   $       53,067  $       85,547  $     128,107  $     173,747  $     229,467

 

 Cash Flow Statement Monthly Break Ups Year-1 
 -   Month-1   Month-2   Month-3   Month-4   Month-5   Month-6   Month-7   Month-8   Month-9   Month-10   Month-11   Month-12 
 Net Income   $          4,333  $          4,333  $          4,333  $          4,333  $          4,333  $          4,333  $          4,333  $          4,333  $          4,333  $            4,333  $            4,333  $        (11,267)
 Cash Flow From Operating Activities   $         4,333  $         4,333  $         4,333  $         4,333  $         4,333  $         4,333  $         4,333  $         4,333  $         4,333  $            4,333  $            4,333  $       (11,267)
 Cash Flow From Investing Activities   $                -    $                -    $                -    $                -    $                -    $                -    $                -    $                -    $                -    $                  -    $                  -    $                  -  
 Equity Investment   $       16,667                      
 Cash Flow From Financing Activities   $       16,667  $                -    $                -    $                -    $                -    $                -    $                -    $                -    $                -    $                  -    $                  -    $                  -  
 Cash Opening Balance   $                -    $       21,000  $       25,333  $       29,667  $       34,000  $       38,333  $       42,667  $       47,000  $       51,333  $          55,667  $          60,000  $          64,333
 Net Cash Balance   $       21,000  $       25,333  $       29,667  $       34,000  $       38,333  $       42,667  $       47,000  $       51,333  $       55,667  $         60,000  $         64,333  $         53,067
                         

 

Balance Sheet

Balance Sheet Statement 5 Years
- Year-1 Year-2 Year-3 Year-4 Year-5
Cash   $     53,067  $     85,547  $   128,107  $   173,747  $   229,467
Current Assets  $     53,067  $     85,547  $   128,107  $   173,747  $   229,467
Fixed Assets  $              -    $              -    $              -    $              -    $              -  
Total Assets  $     53,067  $     85,547  $   128,107  $   173,747  $   229,467
Current liabilities          
Long term liabilities          
Total Liabilities  $              -    $              -    $              -    $              -    $              -  
Capital  $     16,667  $     16,667  $     16,667  $     16,667  $     16,667
Reserves  $     36,400  $     68,880  $   111,440  $   157,080  $   212,800
Total Equity  $     53,067  $     85,547  $   128,107  $   173,747  $   229,467
Total Liabilities & Equity  $     53,067  $     85,547  $   128,107  $   173,747  $   229,467

 

Cash Flow Statement Monthly Break Ups Year-1
- 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           21,000          25,333          29,667          34,000          38,333          42,667          47,000          51,333          55,667            60,000            64,333            53,067
Current Assets          21,000          25,333          29,667          34,000          38,333          42,667          47,000          51,333          55,667            60,000            64,333            53,067
Fixed Assets                  -                    -                    -                    -                    -                    -                    -                    -                    -                       -                       -                       -  
Total Assets         21,000         25,333         29,667         34,000         38,333         42,667         47,000         51,333         55,667            60,000            64,333            53,067
Current liabilities                  -                    -                    -                    -                    -                    -                    -                    -                    -                       -                       -                       -  
Long term liabilities                  -                    -                    -                    -                    -                    -                    -                    -                    -                       -                       -                       -  
Total Liabilities                  -                    -                    -                    -                    -                    -                    -                    -                    -                       -                       -                       -  
Capital          16,667          16,667          16,667          16,667          16,667          16,667          16,667          16,667          16,667            16,667            16,667            16,667
Reserves            4,333            8,667          13,000          17,333          21,667          26,000          30,333          34,667          39,000            43,333            47,667            36,400
Total Liabilities & Equity         21,000         25,333         29,667         34,000         38,333         42,667         47,000         51,333         55,667            60,000            64,333            53,067

 

Revenues

Revenues Monthly Break Ups Year-1
- Month-1 Month-2 Month-3 Month-4 Month-5 Month-6 Month-7 Month-8 Month-9 Month-10 Month-11 Month-12
No. of hours work 600 600 600 600 600 600 600 600 600 600 600 600
Average Payment per hour 35 35 35 35 35 35 35 35 35 35 35 35
Revenues 21000 21000 21000 21000 21000 21000 21000 21000 21000 21000 21000 21000

 

Revenues Monthly Break Ups Year-2
- Month-1 Month-2 Month-3 Month-4 Month-5 Month-6 Month-7 Month-8 Month-9 Month-10 Month-11 Month-12
No. of hours work 720 720 720 720 720 720 720 720 720 720 720 720
Average Payment per hour 35 35 35 35 35 35 35 35 35 35 35 35
Revenues 25200 25200 25200 25200 25200 25200 25200 25200 25200 25200 25200 25200

 

Revenues Monthly Break Ups Year-3
- Month-1 Month-2 Month-3 Month-4 Month-5 Month-6 Month-7 Month-8 Month-9 Month-10 Month-11 Month-12
No. of hours work 840 840 840 840 840 840 840 840 840 840 840 840
Average Payment per hour 35 35 35 35 35 35 35 35 35 35 35 35
Revenues 29400 29400 29400 29400 29400 29400 29400 29400 29400 29400 29400 29400
 

 

Start UPs

- Start Ups
Cost of services Material  $    9,000
Labor  $    6,000
Advertising  $    1,667
Total  $ 16,667

 

Assumptions

It is assumed that there will be 10 customers in the start of the years Each Customer will be served 60 hours a month Average payment per hour by each customer is $35 Every 4 customers will cost material $ 3600 a month The labor will be paid $10 an hour Company will make $ 20,000 expenses for the first year and the 40,000 for next two and $50,000 for preceding 2 years The tax on operating income is 30% The owner invested $20,000 in the start of the business.

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