Contents
Inline Hockey Service Business Plan
The Skate Zone is a Miami-based company dedicated to promoting and providing inline skate hockey services. Our mission is to make the sport of hockey accessible to all.
Our initial strategy is to focus on Roller Hockey, one of the fastest growing sports leagues in the country. According to the National Sporting Goods Association (NSGA), participation in Roller Hockey has steadily increased since 1993. Our goal is to create a professional and safe environment for inline hockey, while also offering entertainment and physical fitness opportunities for players of all ages. We will also have a snack bar available for players and patrons to enjoy refreshments during games and practices. Additionally, we plan to establish an in-house Pro Shop offering a range of inline hockey products, including skates, body protection equipment, sticks, and jerseys with team logos.
We anticipate generating income through the following areas:
- Registration fees: Players will be required to pay a seasonal fee to participate in the league.
Company Summary
Legal Business Description
The Skate Zone was founded in May 1998 in Miami, Florida by Mr. James Dunn, President and CEO. It is a Florida corporation with offices in Miami.
Start-up
Requirements
Start-up Expenses
Legal $500
Stationery etc. $100
Brochures $250
Insurance $3,000
Equipment $9,000
Total Start-up Expenses $12,850
Start-up Assets
Cash Required $45,000
Start-up Inventory $5,000
Other Current Assets $0
Long-term Assets $405,000
Total Assets $455,000
Total Requirements $467,850
Start-up Funding
Start-up Expenses to Fund $12,850
Start-up Assets to Fund $455,000
Total Funding Required $467,850
Assets
Non-cash Assets from Start-up $410,000
Cash Requirements from Start-up $45,000
Additional Cash Raised $3,000
Cash Balance on Starting Date $48,000
Total Assets $458,000
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $350,000
Accounts Payable (Outstanding Bills) $3,850
Other Current Liabilities (interest-free) $0
Total Liabilities $353,850
Capital
Planned Investment
Owner $117,000
Investor $0
Additional Investment Requirement $0
Total Planned Investment $117,000
Loss at Start-up (Start-up Expenses) ($12,850)
Total Capital $104,150
Total Capital and Liabilities $458,000
Total Funding $470,850
Mission
The Skate Zone’s mission is to promote hockey and make it accessible to all. The facility encourages sports etiquette and provides a healthy environment for individuals to participate in competitive games, promoting inner strength and growth.
Objectives
The Skate Zone aims to establish the first professional inline roller hockey service in Miami. In the next year, the company plans to secure funding, complete building project, initiate league programs, procure inventory, and offer concession catering. Over the next 2-5 years, the goal is to expand programs (such as hockey camps and all-day leagues) and establish a Pro Shop. With the market growth in Miami, the company intends to build facilities in other areas of the city.
Strategic Alliances
The Skate Zone has alliances with Industrial Construction, In-line Hockey, the city of Miami, Dr. Pepper, and Ice Providers. These alliances are crucial for the development and construction of a professional facility for inline hockey. The company also plans to form a strategic alliance with USA Hockey Inline to ensure safe and competitive hockey through knowledge of rules and regulations.
The Skate Zone provides customers with the following advantages:
– Hockey league
– Concession
– Pro Shop
Market Analysis Summary
The company focuses on the sport recreation and entertainment market, taking advantage of the enormous potential in Miami, the fourth largest city in America. The Skate Zone targets the lucrative youth sports and extracurricular activities areas. Figures 2 and 3, in the following sections, provide insights into the inline skate sales and sporting goods industry.
Market Analysis
Figure 1 provides the market statistics for the sporting and recreation goods industry. This includes establishments engaged in wholesale distribution of sporting goods, accessories, billiard and pool supplies, firearms and ammunition, and marine pleasure craft, equipment, and supplies.
Figure 1. Market Size Statistics
Estimated number of U.S. establishments: 9,906
Number of people employed in this industry: 60
Total annual sales in this industry: $15 million
Average employees per establishment: 6
Average sales per establishment: $1.6 million
Figure 2. Inline skate sales
Year Skates Sold Total Sales
1996 5.4 million pairs $374 million
1997 6.4 million pairs $418 million
Figure 3 provides the breakdown of the top 20 inline skating areas in the United States. The number of skaters shown is in thousands, and inline hockey totals include players who also skate in other disciplines.
Figure 3. Top 20 Inline Skating Areas in the United States
Area Rec/Fitness All Skating Hockey only Total Skaters
New York City 1,438 255 657 1,503
Los Angeles 1,435 217 56 1,491
Chicago 911 153 39 950
Detroit 827 189 48 875
Washington DC 711 67 17 728
Philadelphia 577 84 21 598
San Francisco 502 46 13 515
Phoenix 459 65 17 476
Boston 463 32 8 471
Dallas/Fort Worth 406 79 21 427
Atlanta 429 24 6 435
South Florida 369 37 10 379
Minneapolis 360 25 7 367
Buffalo 311 21 6 317
San Diego 301 38 10 311
Houston 298 20 5 303
St. Louis 287 57 15 302
Tampa Bay Area 264 32 8 272
Denver 248 50 13 261
Cleveland 247 12 3 250
Market Segmentation
The company’s target customers are as follows:
Youths: Elementary, middle, and high school youth aged 8 to 18 years old. Potential new customers in this industry include Miami and its surrounding cities.
Customer Buying Criteria
The company believes that customers will choose The Skate Zone based on the following criteria:
Price: The league fee is price sensitive, and players typically pay between $20 and $60 per season.
Products and Services
League Fees
A person involved in a practice or game must fill out an application form and pay a fee to participate for one season of inline hockey. This fee covers charges incurred for insurance and regulatory practices by USA Hockey Inline. The application form will be used for databases to create marketing statistics and mailings for future enrollment.
Concessions
The snack bar is an essential part of the entertainment and recreation industry. The Skate Zone will offer a variety of food items and snacks without requiring certain licenses. This provides convenience for customers during athletic events.
Professional Hockey Shop
The Skate Zone plans to respond to market needs by offering products for purchase. This operation is expected to be introduced within one year from the start of business.
Competitive Comparison
Competitive threats come from roller skating rinks and ice skating rinks scattered throughout Miami.
Competitive Edge
The Skate Zone’s competitive advantage is its arena designed exclusively for inline hockey. Its size, dasher boards, and flooring give it the realism of true hockey play. Safety is the top priority to protect players and patrons from injury or dangers. The location and in-house facility also contribute to its competitive advantage.
Strategy and Implementation Summary
The Skate Zone plans to promote and facilitate one of the country’s fastest-growing sport leagues, Roller Hockey. The target market includes children, young adults aged 8 to 18, and adults aged 19 to 55. The company aims to create a family environment where players and their relatives contribute to the market as a whole.
| Sales Forecast | |||
| Year 1 | Year 2 | Year 3 | |
| Sales | |||
| Registration Fees | $76,500 | $100,000 | $150,000 |
| Skate Rentals | $22,300 | $50,000 | $75,000 |
| Concessions | $71,500 | $100,000 | $150,000 |
| Pro Shop | $5,500 | $15,000 | $25,000 |
| Special Functions | $5,700 | $6,500 | $10,000 |
| Total Sales | $181,500 | $271,500 | $410,000 |
| Direct Cost of Sales | Year 1 | Year 2 | Year 3 |
| Registration Fees | $0 | $0 | $0 |
| Skate Rentals | $0 | $0 | $0 |
| Concessions | $35,750 | $50,000 | $75,000 |
| Pro Shop | $2,750 | $7,500 | $12,500 |
| Special Functions | $0 | $0 | $0 |
| Subtotal Direct Cost of Sales | $38,500 | $57,500 | $87,500 |
Marketing Communications
The Skate Zone plans to be the first amateur inline hockey facility in Miami, Florida. Due to inline hockey’s overwhelming growth throughout the United States, the company’s promotional plans are open to various media and marketing communications. The following is a list of available options.
Public relations. Press releases are issued to technical trade journals and major business publications.
Tournaments. The Skate Zone will showcase its services at championship tournaments held annually across the United States.
Print advertising and article publishing. The company’s print advertising program includes advertisements in The Yellow Pages, Miami Express News, The Skate Zone Mailing, school flyers, and inline hockey trade magazines.
Internet. The Skate Zone currently has a website and has received several inquiries. Plans are underway to upgrade it to a more professional and effective site. In the future, this is expected to be one of the company’s primary marketing channels.
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Distribution Strategy
At The Skate Zone, the sales process is different for each of the company’s three areas: League fees, concessions, and the future Pro Shop. Sales processes are described below.
League fees. Sales are made by a person’s payment to participate in a planned program of games and practices. The sales process involves several steps that include completion and acceptance of an application form, yearly membership fees, and season league fees. This approach is used because of The Skate Zone’s legal and liability requirements to protect and guarantee safety in all areas.
Concessions. Sales are made by a person purchasing products from the snack bar facility. Individuals will have a variety of choices to buy with the ability to sit and enjoy their food or drink while watching the game.
Pro Hockey Shop. This is a future enterprise that The Skate Zone will develop within a year of its first day of operation. Sales are made by patrons purchasing products available in the store. Products offered will include hockey equipment, hockey memorabilia, and other mementos.
Pricing Strategy
The company sets pricing based on market and competitive rates. League fees will be a set charge for each season of play. The exception will be for the yearly membership fee every player, coach, and referee will render for insurance purpose. Concessions and the future Pro Shop prices will be subject to taxes and rate increases from each respective business or enterprise associated with The Skate Zone.
| Product/Service | Price Range |
| Fee: Membership | $10 |
| Fee: League | $60 |
| Concessions | $.50-$5 |
| Accessories | $.50-$250 |
| Rental (Arena) | $300-$500/day |
Management Summary
The company’s management philosophy is based on responsibility and mutual respect. The Skate Zone has an environment and structure that encourages productivity and respect for customers and fellow employees.
Officers and Key Employees
The Skate Zone’s management is highly experienced and qualified. Key members of The Skate Zone’s management teams, their backgrounds, and responsibilities are as follows.
Mr. James Dunn, President and CEO. Mr. Dunn will oversee all operations of the company and co-ordinate professional recruitment.
Mr. Joe Bailey, Vice President.
Note: Backgrounds have been removed for confidentiality.
| Personnel Plan | |||
| Year 1 | Year 2 | Year 3 | |
| Manager | $38,000 | $40,000 | $50,000 |
| Asst Manager | $12,250 | $21,600 | $25,000 |
| Concessions/Pro Shop | $21,500 | $25,000 | $37,500 |
| Janitor/Maintenance | $12,000 | $15,000 | $15,000 |
| Total People | 6 | 6 | 7 |
| Total Payroll | $83,750 | $101,600 | $127,500 |
Financial Plan
The following sections describe the financial information of The Skate Zone.
Important Assumptions
The detailed assumptions to the company’s financial projections can be found in the table below.
| General Assumptions | |||
| Year 1 | Year 2 | Year 3 | |
| Plan Month | 1 | 2 | 3 |
| Current Interest Rate | 8.50% | 8.50% | 8.50% |
| Long-term Interest Rate | 8.50% | 8.50% | 8.50% |
| Tax Rate | 2.50% | 0.00% | 2.50% |
| Other | 0 | 0 | 0 |
Projected Profit and Loss
The following table contains the profit and loss information for The Skate Zone.
Pro Forma Profit and Loss:
| Pro Forma Profit and Loss | |||
| Year 1 | Year 2 | Year 3 | |
| Sales | $181,500 | $271,500 | $410,000 |
| Direct Cost of Sales | $38,500 | $57,500 | $87,500 |
| Other | $0 | $0 | $0 |
| Total Cost of Sales | $38,500 | $57,500 | $87,500 |
| Gross Margin | $143,000 | $214,000 | $322,500 |
| Gross Margin % | 78.79% | 78.82% | 78.66% |
| Expenses | |||
| Payroll | $83,750 | $101,600 | $127,500 |
| Sales and Marketing and Other Expenses | $32,000 | $42,700 | $75,000 |
| Depreciation | $12,000 | $20,000 | $25,000 |
| Telephone | $1,800 | $1,800 | $2,000 |
| Cleaning Supplies | $3,000 | $4,000 | $7,500 |
| Contract Referees | $3,000 | $3,000 | $6,000 |
| Payroll Taxes | $12,563 | $15,240 | $19,125 |
| Other | $0 | $0 | $0 |
| Total Operating Expenses | $148,113 | $188,340 | $262,125 |
| Profit Before Interest and Taxes | ($5,113) | $25,660 | $60,375 |
| EBITDA | $6,888 | $45,660 | $85,375 |
| Interest Expense | $28,535 | $27,379 | $25,551 |
| Taxes Incurred | $0 | $0 | $871 |
| Net Profit | ($33,647) | ($1,719) | $33,953 |
| Net Profit/Sales | -18.54% | -0.63% | 8.28% |
Projected Cash Flow
The Skate Zone’s cash flow projections for the next three years:
Pro Forma Cash Flow
| Year 1 | Year 2 | Year 3 | |
| Cash Received | |||
| Cash from Operations | |||
| Cash Sales | $181,500 | $271,500 | $410,000 |
| Subtotal Cash from Operations | $181,500 | $271,500 | $410,000 |
| Additional Cash Received | |||
| Sales Tax, VAT, HST/GST Received | $0 | $0 | $0 |
| New Current Borrowing | $0 | $22,000 | $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 | $2,000 | $0 | $0 |
| Subtotal Cash Received | $183,500 | $293,500 | $410,000 |
| Expenditures | Year 1 | Year 2 | Year 3 |
| Expenditures from Operations | |||
| Cash Spending | $83,750 | $101,600 | $127,500 |
| Bill Payments | $112,137 | $153,311 | $221,968 |
| Subtotal Spent on Operations | $195,887 | $254,911 | $349,468 |
| Additional Cash Spent | |||
| Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 |
| Principal Repayment of Current Borrowing | $0 | $0 | $15,000 |
| Other Liabilities Principal Repayment | $0 | $0 | $0 |
| Long-term Liabilities Principal Repayment | $26,400 | $25,000 | $25,000 |
| Purchase Other Current Assets | $0 | $0 | $0 |
| Purchase Long-term Assets | $0 | $20,000 | $20,000 |
| Dividends | $0 | $0 | $0 |
| Subtotal Cash Spent | $222,287 | $299,911 | $409,468 |
| Net Cash Flow | ($38,787) | ($6,411) | $532 |
| Cash Balance | $9,213 | $2,802 | $3,334 |
Projected Balance Sheet
The Skate Zone’s projected Balance Sheet follows.
| Year 1 | Year 2 | Year 3 | |
| Assets | |||
| Current Assets | |||
| Cash | $9,213 | $2,802 | $3,334 |
| Inventory | $6,050 | $8,223 | $12,750 |
| Other Current Assets | $0 | $0 | $0 |
| Total Current Assets | $15,263 | $11,025 | $16,084 |
| Long-term Assets | |||
| Long-term Assets | $405,000 | $425,000 | $445,000 |
| Accumulated Depreciation | $12,000 | $32,000 | $57,000 |
| Total Long-term Assets | $393,000 | $393,000 | $388,000 |
| Total Assets | $408,263 | $404,025 | $404,084 |
| Liabilities and Capital | Year 1 | Year 2 | Year 3 |
| Current Liabilities | |||
| Accounts Payable | $12,160 | $12,640 | $18,746 |
| Current Borrowing | $0 | $22,000 | $7,000 |
| Other Current Liabilities | $0 | $0 | $0 |
| Subtotal Current Liabilities | $12,160 | $34,640 | $25,746 |
| Long-term Liabilities | $323,600 | $298,600 | $273,600 |
| Total Liabilities | $335,760 | $333,240 | $299,346 |
| Paid-in Capital | $119,000 | $119,000 | $119,000 |
| Retained Earnings | ($12,850) | ($46,497) | ($48,216) |
| Earnings | ($33,647) | ($1,719) | $33,953 |
| Total Capital | $72,503 | $70,785 | $104,738 |
| Total Liabilities and Capital | $408,263 | $404,025 | $404,084 |
| Net Worth | $72,503 | $70,785 | $104,738 |
Business Ratios
Business ratios for the years of this plan are shown below. Industry profile ratios based on the Standard Industrial Classification (SIC) code 7941, Sporting and Recreation Goods industry, are shown for comparison.
| Year 1 | Year 2 | Year 3 | Industry Profile | |
| Sales Growth | n.a. | 49.59% | 51.01% | 15.90% |
| Percent of Total Assets | ||||
| Inventory | 1.48% | 2.04% | 3.16% | 2.80% |
| Other Current Assets | 0.00% | 0.00% | 0.00% | 34.10% |
| Total Current Assets | 3.74% | 2.73% | 3.98% | 45.20% |
| Long-term Assets | 96.26% | 97.27% | 96.02% | 54.80% |
| Total Assets | 100.00% | 100.00% | 100.00% | 100.00% |
| Current Liabilities | ||||
| Accounts Payable | 12.16% | 12.64% | 18.75% | 39.60% |
| Current Debt/Total Assets | 3% | 9% | 6% | n.a |
| Acid Test | 0.76 | 0.08 | 0.13 | 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 | $8,600 | $9,350 | $9,400 | $12,250 | $12,250 | $14,600 | $14,800 | $18,100 | $18,700 | $19,250 | $24,600 | $19,600 | |
| 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 | |
| Registration Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Skate Rentals | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Concessions | $1,500 | $1,500 | $1,500 | $2,000 | $2,000 | $3,000 | $3,000 | $3,750 | $3,750 | $3,750 | $5,000 | $5,000 | |
| Pro Shop | $50 | $75 | $100 | $125 | $125 | $150 | $250 | $250 | $250 | $375 | $500 | $500 | |
| Special Functions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Direct Cost of Sales | $1,550 | $1,575 | $1,600 | $2,125 | $2,125 | $3,150 | $3,250 | $4,000 | $4,000 | $4,125 | $5,500 | $5,500 | |
Personnel Plan:
Manager: 0%, $2,500, $2,500, $2,500, $2,500, $2,500, $2,500, $2,500, $2,500, $4,500, $4,500, $4,500, $4,500
Assistant Manager: 0%, $0, $0, $0, $0, $0, $1,750, $1,750, $1,750, $1,750, $1,750, $1,750, $1,750
Concessions/Pro Shop: 0%, $1,500, $1,500, $1,500, $1,500, $1,500, $2,000, $2,000, $2,000, $2,000, $2,000, $2,000, $2,000
Janitor/Maintenance: 0%, $1,000, $1,000, $1,000, $1,000, $1,000, $1,000, $1,000, $1,000, $1,000, $1,000, $1,000, $1,000
Total People: 4, 4, 4, 4, 4, 6, 6, 6, 6, 6, 6, 6
Total Payroll: $5,000, $5,000, $5,000, $5,000, $5,000, $7,250, $7,250, $7,250, $9,250, $9,250, $9,250, $9,250
General Assumptions:
Plan Month: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12
Current Interest Rate: 8.50%, 8.50%, 8.50%, 8.50%, 8.50%, 8.50%, 8.50%, 8.50%, 8.50%, 8.50%, 8.50%, 8.50%, 8.50%
Long-term Interest Rate: 8.50%, 8.50%, 8.50%, 8.50%, 8.50%, 8.50%, 8.50%, 8.50%, 8.50%, 8.50%, 8.50%, 8.50%, 8.50%
Tax Rate: 30.00%, 0.00%, 0.00%, 0.00%, 0.00%, 0.00%, 0.00%, 0.00%, 0.00%, 0.00%, 0.00%, 0.00%, 0.00%
Other: 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0
Pro Forma Profit and Loss:
Sales: $8,600, $9,350, $9,400, $12,250, $12,250, $14,600, $14,800, $18,100, $18,700, $19,250, $24,600, $19,600
Direct Cost of Sales: $1,550, $1,575, $1,600, $2,125, $2,125, $3,150, $3,250, $4,000, $4,000, $4,125, $5,500, $5,500
Other: $0, $0, $0, $0, $0, $0, $0, $0, $0, $0, $0, $0, $0
Total Cost of Sales: $1,550, $1,575, $1,600, $2,125, $2,125, $3,150, $3,250, $4,000, $4,000, $4,125, $5,500, $5,500
Gross Margin: $7,050, $7,775, $7,800, $10,125, $10,125, $11,450, $11,550, $14,100, $14,700, $15,125, $19,100, $14,100
Gross Margin %: 81.98%, 83.16%, 82.98%, 82.65%, 82.65%, 78.42%, 78.04%, 77.90%, 78.61%, 78.57%, 77.64%, 71.94%
Expenses:
Payroll: $5,000, $5,000, $5,000, $5,000, $5,000, $7,250, $7,250, $7,250, $9,250, $9,250, $9,250, $9,250
Sales and Marketing and Other Expenses: $2,400, $2,400, $2,400, $2,400, $2,600, $3,100, $3,100, $3,100, $3,100, $2,600, $2,400, $2,400
Depreciation: $1,000, $1,000, $1,000, $1,000, $1,000, $1,000, $1,000, $1,000, $1,000, $1,000, $1,000, $1,000
Telephone: $150, $150, $150, $150, $150, $150, $150, $150, $150, $150, $150, $150
Cleaning Supplies: $250, $250, $250, $250, $250, $250, $250, $250, $250, $250, $250, $250
Contract Referees: $0, $0, $0, $0, $0, $300, $300, $300, $450, $450, $600, $600
Payroll Taxes: 15%, $750, $750, $750, $750, $750, $1,088, $1,088, $1,088, $1,388, $1,388, $1,388, $1,388
Other: $0, $0, $0, $0, $0, $0, $0, $0, $0, $0, $0, $0
Total Operating Expenses: $9,550, $9,550, $9,550, $9,550, $9,750, $13,138, 13,138, $13,138, $15,588, $15,088, $15,038, $15,038
Profit Before Interest and Taxes: ($2,500), ($1,775), ($1,750), $575, $375, ($1,688), ($1,588), $963, ($888), $38, $4,063, ($938)
EBITDA: ($1,500), ($775), ($750), $1,575, $1,375, ($688), ($588), $1,963, $113, $1,038, $5,063, $63
Interest Expense: $2,464, $2,448, $2,432, $2,417, $2,401, $2,386, $2,370, $2,355, $2,339, $2,323, $2,308, $2,292
Taxes Incurred: $0, $0, $0, $0, $0, $0, $0, $0, $0, $0, $0, $0
Net Profit: ($4,964), ($4,223), ($4,182), ($1,842), ($2,026), ($4,073), ($3,958), ($1,392), ($3,226), ($2,286), $1,755, ($3,230)
Net Profit/Sales: -57.72%, -45.17%, -44.49%, -15.04%, -16.54%, -27.90%, -26.74%, -7.69%, -17.25%, -11.87%, 7.13%, -16.48%
Pro Forma Cash Flow
| 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 | $8,600 | $9,350 | $9,400 | $12,250 | $12,250 | $14,600 | $14,800 | $18,100 | $18,700 | $19,250 | $24,600 | $19,600 | |
| Subtotal Cash from Operations | $8,600 | $9,350 | $9,400 | $12,250 | $12,250 | $14,600 | $14,800 | $18,100 | $18,700 | $19,250 | $24,600 | $19,600 | |
| Additional Cash Received | |||||||||||||
| Sales Tax, VAT, HST/GST Received | $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 | $2,000 | $0 | $0 | |
| Subtotal Cash Received | $8,600 | $9,350 | $9,400 | $12,250 | $12,250 | $14,600 | $14,800 | $18,100 | $18,700 | $21,250 | $24,600 | $19,600 | |
| 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 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $7,250 | $7,250 | $7,250 | $9,250 | $9,250 | $9,250 | $9,250 | |
| Bill Payments | $4,050 | $6,013 | $6,047 | $7,507 | $8,656 | $8,385 | $11,520 | $10,666 | $12,054 | $11,668 | $11,513 | $14,057 | |
| Subtotal Spent on Operations | $9,050 | $11,013 | $11,047 | $12,507 | $13,656 | $15,635 | $18,770 | $17,916 | $21,304 | $20,918 | $20,763 | $23,307 | |
| 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 | $2,200 | $2,200 | $2,200 | $2,200 | $2,200 | $2,200 | $2,200 | $2,200 | $2,200 | $2,200 | $2,200 | $2,200 | |
| Purchase Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| 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 | $11,250 | $13,213 | $13,247 | $14,707 | $15,856 | $17,835 | $20,970 | $20,116 | $23,504 | $23,118 | $22,963 | $25,507 | |
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I’m Andrew Brooks, a seasoned finance consultant from the USA and the mind behind phonenumber247.com.
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