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Small Business Financial Plan: Mattress Shop

This business financial plan is the example of projected financials of a start up venture in Miami, FL. The purpose of this plan is to establish loan investment. These mattresses are made of natural fibers; The Open wooden slat base (replaces box-spring) contours to the spines every movement in Bedroom furniture. The Natural fiber Duvets pillows make the sleeping environment just the right temperature.

 

The business will advertise for combined forces with local living associations and other businesses to increase exposure. The website, Swiss Magazines, industrial exhibit events, local newspaper, participate in the Home Show/ Boat Show, E-mail blast to designers, Social Media (Face book, Twitter, Etc.) are the modes of marketing to be used for the business with the following budget:

 

First year

 $100,000  

Second year

$90,000

Third year      

$90,000

 

The company is expecting to sale 700 units with average price of $1,500

 

 

The Pricing List of the Mattresses is given below:

 

Corona Soft:

Half-Queen          

$660

Twin                     

$680

Full Size               

$1,070

Queen Size (2HQ)

$1,320

Queen Size (1)      

$1,200

King Size (2TW)   

$1,360

 

 

Viscomania

Half-Queen          

$640

Twin                     

$660

Full Size               

$980

Queen Size (2HQ)

$1,280

Queen Size (1)      

$1,097

King Size (2TW)   

$1,980

 

 

Slat-Bases

Half-Queen

$880

Twin

$915

Full Size

 $1,275

Queen Size (2HQ)

$1,760

King(2TW)

 $1,830

 

 

Manual Adjustment Slatbases Epsilon

Half-Queen

$730

Twin

$775

Full Size

$1,095

Queen Size (2HQ)

$1,460

King (2TW)

$1,550



 

Fixed Slatbases Epsilon

Half-Queen

$490

Twin

 $540

Full Size                  

 $804

Queen Size (2HQ)   

 $980

King (2TW)              

$1,080

 

Following are the expected start ups expenses of the company:

Licenses $300

Accountant $400

Lawyer$500

6-Month Payroll $20,000

6-Month Lease $ 45,000

Insurance property

Lease Deposit

Advertising

Delivery vehicle

Insurance (vehicle)

Office furniture and supplies

Computer equipment and phones

Inventory for merchandise $120,000

 

Other operating expenses apart from the few given in start ups are as follows:

Property Lease $4,500

Insurance for Property Lease $

Insurance for Vehicle $

The Total Loan Amount the company willing to apply is $500,000

 

Income Statement

Income Statement 5 Years
- Year-1 Year-2 Year-3 Year-4 Year-5
No. of customers 700 910 1183 1537.9 1999.27
Average payment/customer  $                1,500  $                1,500  $                1,500  $                1,500  $                1,500
Revenues  $        1,050,000  $        1,365,000  $        1,774,500  $        2,306,850  $        2,998,905
Licenses   $                   300        
Accountant   $                   400        
Lawyer  $                   500        
Payroll   $              60,000  $              63,000  $              66,150  $              69,458  $              72,930
Lease   $              90,000  $              90,000  $              90,000  $              90,000  $              90,000
Insurance property   $                3,000  $                3,000  $                3,000  $                3,000  $                3,000
Advertising  $              84,000  $              88,200  $              92,610  $              97,241  $            102,103
Web & Logo Expense  $              20,000        
Insurance (vehicle)  $                3,000  $                3,150  $                3,308  $                3,473  $                3,647
Interest  $              22,950  $              18,331  $              13,476  $                8,372  $                3,008
Depreciation  $                   700  $                   700  $                   700  $                   700  $                   700
Total Operating Expenses  $            284,850  $            266,381  $            269,243  $            272,243  $            275,387
Operating Income  $           765,150  $        1,098,619  $        1,505,257  $        2,034,607  $        2,723,518
Tax @ 7%  $              53,561  $              76,903  $            105,368  $            142,422  $            190,646
Net Income  $           711,590  $        1,021,716  $        1,399,889  $        1,892,184  $        2,532,871

 

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 customers 50 53 54 56 57 56 59 61 62 63 65 64
Average payment/customer  $                1,500  $                1,500  $                1,500  $                1,500  $                1,500  $          1,500  $          1,500  $          1,500  $          1,500  $          1,500  $          1,500  $              1,500
Revenues  $              75,600  $              78,750  $              80,850  $              84,000  $              86,100  $       84,000  $       88,200  $       91,350  $       93,450  $       94,500  $       97,650  $           95,550
Licenses   $                   300                      
Accountant   $                   400                      
Lawyer  $                   500                      
Payroll   $                5,000  $                5,000  $                5,000  $                5,000  $                5,000  $          5,000  $          5,000  $          5,000  $          5,000  $          5,000  $          5,000  $              5,000
Lease   $                7,500  $                7,500  $                7,500  $                7,500  $                7,500  $          7,500  $          7,500  $          7,500  $          7,500  $          7,500  $          7,500  $              7,500
Insurance property   $                   250  $                   250  $                   250  $                   250  $                   250  $             250  $             250  $             250  $             250  $             250  $             250  $                 250
Advertising  $                7,000  $                7,000  $                7,000  $                7,000  $                7,000  $          7,000  $          7,000  $          7,000  $          7,000  $          7,000  $          7,000  $              7,000
Web & Logo Expense 20000                      
Insurance (vehicle)  $                   250  $                   250  $                   250  $                   250  $                   250  $             250  $             250  $             250  $             250  $             250  $             250  $                 250
Interest  $                2,083  $                2,053  $                2,022  $                1,991  $                1,960  $          1,929  $          1,898  $          1,866  $          1,835  $          1,803  $          1,771  $              1,739
Depreciation                        $                 700
Total Operating Expenses  $              43,283  $              22,053  $              22,022  $              21,991  $              21,960  $       21,929  $       21,898  $       21,866  $       21,835  $        21,803  $        21,771  $            22,439
Operating Income  $              32,317  $              56,697  $              58,828  $              62,009  $              64,140  $       62,071  $       66,302  $       69,484  $       71,615  $       72,697  $       75,879  $           73,111
Tax @ 7%                        $            53,561
Net Income  $              32,317  $              56,697  $              58,828  $              62,009  $              64,140  $       62,071  $       66,302  $       69,484  $       71,615  $       72,697  $       75,879  $           19,550

 

Cash Flow

Cash Flow Statement 5 Years
- Year-1 Year-2 Year-3 Year-4 Year-5
Net Income  $          711,590  $        1,021,716  $        1,399,889  $        1,892,184  $        2,532,871
Add Depreciation  $                 700  $                   700  $                   700  $                   700  $                   700
Inventory  $        (120,000)  $            (20,000)  $            (10,000)  $              30,000  $            (10,000)
Cash Flow From Operating Activities  $         592,290  $        1,002,416  $        1,390,589  $        1,922,884  $        2,523,571
Lease Deposit  $          (23,000)        
Delivery vehicle  $             (5,000)        
Office furniture and supplies   $             (2,000)        
Cash Flow From investing Activities  $          (30,000)  $                       -    $                       -    $                       -    $                       -  
Bank Loan Received  $          500,000        
Loan repayment  $          (90,278)  $            (94,896)  $            (99,751)  $          (104,855)  $          (110,219)
Cash Flow From Financing Activates  $         409,722  $            (94,896)  $            (99,751)  $         (104,855)  $         (110,219)
Opening Cash Balance  $                     -    $            972,012  $        1,879,531  $        3,170,368  $        4,988,398
Ending Cash Balance  $         972,012  $        1,879,531  $        3,170,368  $        4,988,398  $        7,401,750

 

Cash Flow Statement Monthly Break Ups Year-1
- Month-1 Month-2 Month-3 Month-4 Month-5 Month-6
Net Income  $            32,317  $              56,697  $              58,828  $              62,009  $              64,140  $          62,071
Add Depreciation  $                     -    $                       -    $                       -    $                       -    $                       -    $                   -  
Inventory  $        (120,000)  $                2,000  $                3,000  $                5,000  $            (10,000)  $             2,000
Cash Flow From Operating Activities  $          (87,683)  $              58,697  $              61,828  $              67,009  $              54,140  $          64,071
Lease Deposit  $          (23,000)          
Delivery vehicle  $             (5,000)          
Office furniture and supplies   $             (2,000)          
Cash Flow From investing Activities  $          (30,000)  $                       -    $                       -    $                       -    $                       -    $                   -  
Bank Loan Received  $          500,000          
Loan repayment  $             (7,352)  $               (7,383)  $               (7,414)  $               (7,445)  $               (7,476)  $           (7,507)
Cash Flow From Financing Activates  $         492,648  $              (7,383)  $              (7,414)  $              (7,445)  $              (7,476)  $          (7,507)
Opening Cash Balance  $                     -    $            374,964  $            426,279  $            480,693  $            540,258  $        586,922
Ending Cash Balance  $         374,964  $           426,279  $           480,693  $           540,258  $           586,922  $        643,486

 

Month-7 Month-8 Month-9 Month-10 Month-11 Month-12
 $          66,302  $          69,484  $          71,615  $          72,697  $              75,879  $              19,550
 $                   -    $                   -    $                   -    $                   -    $                      -    $                   700
 $             3,000  $             5,000  $         (10,000)  $             5,000  $                5,000  $            (10,000)
 $          69,302  $          74,484  $          61,615  $          77,697  $             80,879  $             10,250
           
           
           
 $                   -    $                   -    $                   -    $                   -    $                      -    $                      -  
           
 $           (7,538)  $           (7,569)  $           (7,601)  $           (7,633)  $              (7,664)  $              (7,696)
 $          (7,538)  $          (7,569)  $          (7,601)  $          (7,633)  $              (7,664)  $              (7,696)
 $        643,486  $        705,251  $        772,165  $        826,179  $           896,244  $           969,458
 $        705,251  $        772,165  $        826,179  $        896,244  $           969,458  $           972,012


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