Spa Health Club Business Plan
Visions (VS) is a health club that prioritizes physical and mental well-being. Our club stands out from others due to its commitment to social and environmental consciousness. All products we use are both plant safe and cruelty free. At VS, we believe that taking care of our clients’ well-being contributes to the overall health of society. We address our clients’ specific health concerns through exercise, yoga, and meditation.
Our company aims to be profitable and establish a strong product line through name recognition. Our immediate goal is to introduce a new product line to the beauty market. In the long term, we plan to go public with multiple health club facilities and an active product line.
1.1 Keys to Success:
– Create a positive environment for people, both physically and mentally.
– Offer natural services for body strengthening and healing.
– Provide services for women in shelters and those struggling financially.
– Organize special activities for holidays.
1.2 Objectives:
– Break even by year two.
– Increase new clients quarterly.
– Gain media coverage for community work.
– Donate a higher percentage of profits to charities.
1.3 Mission:
– Enhance lives by providing relaxation techniques and health-conscious alternatives.
– Visions is a salon/health club/spa that nurtures mind, body, and spirit.
– Located in the Queen Anne Hill district of Seattle.
– Offers a magical and soothing environment in the heart of the target market.
2.1 Start-up Summary:
– The table below outlines projected starting costs.
Visions is a salon, spa, and health club that specializes in improving the mind, body, and soul. We offer haircuts, color, and styling in the salon, full-body pampering in the spa, and fitness classes in the health club. Our services are designed to nurture one’s complete self and improve self-image.
In the future, we plan to introduce a product line that is pure and natural, with no animal testing and only organic ingredients. We also aim to make our kitchen available for rent to start-up restaurants looking to introduce their food to our clientele. Our long-term goal is to open similar clubs in other cities.
Our initial market is Seattle, Washington, which has a growing population of moderate to high-income professionals. Seattle is one of the fastest-growing areas in the country, providing an ideal market with a continually expanding consumer base. The high level of travel to the area, especially among professionals, further increases our potential consumer base.
Our target market includes women between the ages of 18 and 70, with an emphasis on professional women in their mid-twenties through mid-fifties. We also target women battling or recovering from a serious injury or illness. For men, our main market consists of professionals concerned about their appearance, typically in their late twenties through mid-forties. We cater to anyone searching for a natural method to heal their body and soul, regardless of age or income.
We have identified two specific target groups within our market segmentation. The first group is corporate workers in Seattle, ranging from early twenties to mid-forties, who are in stressful jobs and could benefit from relaxation and exercise. The second group includes individuals recovering from an injury or those with specific needs for special attention. We provide a safe environment where they feel comfortable and can receive the attention they need.
Our market analysis indicates that women would take advantage of our services more frequently than men. We expect the number of potential customers to grow by 4% for women and 5% for the other target market each year, resulting in a total of 850,000 potential customers by year five.
To generate positive attention and publicity in our first year, we plan to open on Mother’s Day, offering facility tours, facials, manicures, and brunch. Additionally, we will create a monthly newsletter to keep customers informed about monthly specials and other important company events.
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4.3 Market Needs
Our market needs are simple: people want to look and feel good. We aim to please people who want this. Our target markets are also interested in social issues such as the environment and community. These ideals provide VS with a competitive edge because we are committed not only to the needs of the community, but its concerns as well.
4.3.1 Competition
Our indirect competition includes salons, health clubs, and spas in Seattle. Because VS is a full-service salon, there is no direct competition.
Strategy and Implementation Summary
The Visions name will become familiar to the Seattle community through various methods. Volunteering with local hospitals and survivor support groups makes the health and homeopathic healing area known. Community outreach to women’s shelters and special days at the salon and spa help women nurture their spirit to become more productive. Advertising in local magazines and newspapers helps get VS to the mass public. Initial corporate discounts create a demand on the salon as early as the grand opening, and mailings and newsletters keep our client base in touch.
All these promotional methods form a sturdy advertising base for the company to grow on.
5.1 Competitive Edge
Our competitive edge is that we offer a relaxing atmosphere that refreshes the mind, body, and soul. Offering special classes for those with serious health concerns sets us apart, as does the availability of all services under one roof.
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5.2 Sales Strategy
Our revenue is earned in several ways. First, with memberships that have a monthly charge, providing discounts on services; non-members are charged full price. Our main goal is to foster relationships with clients and keep them through quality of service and products. The second method of sales will be encouraged through repeat business and word-of-mouth advertising.
5.2.1 Sales Forecast
The Sales Forecast is detailed monthly in the chart, and the summary follows in the table.
Sales Forecast
| Sales Forecast | |||
| Year 1 | Year 2 | Year 3 | |
| Unit Sales | |||
| Salon | 3,275 | 6,500 | 9,000 |
| Exercise/Therapy | 14,755 | 18,000 | 22,000 |
| Spa | 2,425 | 3,500 | 4,300 |
| Other | 600 | 800 | 1,000 |
| Total Unit Sales | 21,055 | 28,800 | 36,300 |
| Unit Prices | Year 1 | Year 2 | Year 3 |
| Salon | $55.00 | $57.00 | $60.00 |
| Exercise/Therapy | $8.50 | $9.00 | $9.00 |
| Spa | $45.00 | $45.00 | $45.00 |
| Other | $10.00 | $12.00 | $15.00 |
| Sales | |||
| Salon | $180,125 | $370,500 | $540,000 |
| Exercise/Therapy | $125,418 | $162,000 | $198,000 |
| Spa | $109,125 | $157,500 | $193,500 |
| Other | $6,000 | $9,600 | $15,000 |
| Total Sales | $420,668 | $699,600 | $946,500 |
| Direct Unit Costs | Year 1 | Year 2 | Year 3 |
| Salon | $1.00 | $1.00 | $1.00 |
| Exercise/Therapy | $0.00 | $0.00 | $0.00 |
| Spa | $1.00 | $1.00 | $1.00 |
| Other | $3.00 | $3.00 | $3.00 |
| Direct Cost of Sales | |||
| Salon | $3,275 | $6,500 | $9,000 |
| Exercise/Therapy | $0 | $0 | $0 |
| Spa | $2,425 | $3,500 | $4,300 |
| Other | $1,800 | $2,400 | $3,000 |
| Subtotal Direct Cost of Sales | $7,500 | $12,400 | $16,300 |
Management Summary
Vision’s location in Seattle will have specialized staff: two full-time stylists in the salon, a full-time beauty technician and masseur in the spa, and three part-time instructors in the health department.
The management team consists of four managers, each overseeing a specific area: financials, publicity, human resources, and ongoing development.
6.1 Personnel Plan
The personnel plan is as follows. See appendix for details.
| Personnel Plan | |||
| Year 1 | Year 2 | Year 3 | |
| Management | $240,000 | $275,000 | $325,000 |
| Salon | $30,720 | $31,000 | $32,000 |
| Spa | $30,720 | $31,000 | $32,000 |
| Health | $34,560 | $35,000 | $36,000 |
| Other | $0 | $0 | $0 |
| Total People | 11 | 11 | 11 |
| Total Payroll | $336,000 | $372,000 | $425,000 |
The plan for Visions’ financial future is steady growth. With start-up investment from angel investors, VS has a solid cash base to establish itself and build name recognition. The ultimate goal is to go public with a product line and nationwide locations. The location will break even shortly after the second year, becoming self-supporting.
Leasing with the option to purchase the property is ideal and has been arranged. The equipment, including exercise equipment, was purchased with start-up funds, leaving VS with minimal monthly costs for rent, utilities, and payroll. VS has a small staff of service providers whose payroll is supplemented by client tips. The managers receive modest compensation tied to the company’s success.
7.1 Important Assumptions
The main assumptions are the continued market demand and our ability to meet it. Financial assumptions are provided below.
| General Assumptions | |||
| Year 1 | Year 2 | Year 3 | |
| Plan Month | 1 | 2 | 3 |
| Current Interest Rate | 8.00% | 8.00% | 8.00% |
| Long-term Interest Rate | 7.25% | 7.25% | 7.25% |
| Tax Rate | 25.42% | 25.00% | 25.42% |
| Other | 0 | 0 | 0 |
7.2 Key Financial Indicators
Continued annual growth is crucial to the financial success of VS. Although sales are expected to rise significantly during holiday periods, annual growth is essential. The small direct costs of our services mean that increasing the number of clients will benefit the bottom line. The slight increase in inventory turnover shown in the chart is due to rounding; our inventory remains steady at approximately two months’ worth.
Break-even Analysis in this plan makes assumptions to estimate costs. Most operational costs remain fixed, including employee salaries, lease, and utilities.
Break-even Analysis:
Monthly Units Break-even: 2,653
Monthly Revenue Break-even: $53,005
Assumptions:
Average Per-Unit Revenue: $19.98
Average Per-Unit Variable Cost: $0.36
Estimated Monthly Fixed Cost: $52,060
7.4 Projected Profit and Loss:
We anticipate higher profits in the coming three years.
Pro Forma Profit and Loss:
Sales:
– Year 1: $420,668
– Year 2: $699,600
– Year 3: $946,500
Direct Cost of Sales:
– Year 1: $7,500
– Year 2: $12,400
– Year 3: $16,300
Total Cost of Sales:
– Year 1: $7,500
– Year 2: $12,400
– Year 3: $16,300
Gross Margin:
– Year 1: $413,168
– Year 2: $687,200
– Year 3: $930,200
Gross Margin %:
– Year 1: 98.22%
– Year 2: 98.23%
– Year 3: 98.28%
Expenses:
Payroll:
– Year 1: $336,000
– Year 2: $372,000
– Year 3: $425,000
Sales and Marketing and Other Expenses:
– Year 1: $98,520
– Year 2: $107,000
– Year 3: $112,000
Depreciation:
– Year 1: $0
– Year 2: $0
– Year 3: $0
Leased Equipment:
– Year 1: $0
– Year 2: $0
– Year 3: $0
Utilities:
– Year 1: $40,200
– Year 2: $45,000
– Year 3: $45,000
Insurance:
– Year 1: $12,000
– Year 2: $12,000
– Year 3: $12,000
Rent:
– Year 1: $54,000
– Year 2: $54,000
– Year 3: $54,000
Payroll Taxes:
– Year 1: $84,000
– Year 2: $93,000
– Year 3: $106,250
Other:
– Year 1: $0
– Year 2: $0
– Year 3: $0
Total Operating Expenses:
– Year 1: $624,720
– Year 2: $683,000
– Year 3: $754,250
Profit Before Interest and Taxes:
– Year 1: ($211,553)
– Year 2: $4,200
– Year 3: $175,950
EBITDA:
– Year 1: ($211,553)
– Year 2: $4,200
– Year 3: $175,950
Interest Expense:
– Year 1: $0
– Year 2: $0
– Year 3: $0
Taxes Incurred:
– Year 1: $0
– Year 2: $1,050
– Year 3: $44,721
Net Profit:
– Year 1: ($211,553)
– Year 2: $3,150
– Year 3: $131,229
Net Profit/Sales:
– Year 1: -50.29%
– Year 2: 0.45%
– Year 3: 13.86%
7.5 Projected Cash Flow:
The cash flow for Visions is shown in the chart and table below.
Pro Forma Cash Flow:
| Pro Forma Cash Flow | |||
| Year 1 | Year 2 | Year 3 | |
| Cash Received | |||
| Cash from Operations | |||
| Cash Sales | $420,668 | $699,600 | $946,500 |
| Subtotal Cash from Operations | $420,668 | $699,600 | $946,500 |
| 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 | $420,668 | $699,600 | $946,500 |
| Expenditures | Year 1 | Year 2 | Year 3 |
| Expenditures from Operations | |||
| Cash Spending | $336,000 | $372,000 | $425,000 |
| Bill Payments | $272,635 | $323,767 | $385,657 |
| Subtotal Spent on Operations | $608,635 | $695,767 | $810,657 |
| 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 | $0 | $0 | $0 |
| Purchase Other Current Assets | $0 | $0 | $0 |
| Purchase Long-term Assets | $0 | $0 | $0 |
| Dividends | $0 | $0 | $0 |
| Subtotal Cash Spent | $608,635 | $695,767 | $810,657 |
| Net Cash Flow | ($187,968) | $3,833 | $135,843 |
| Cash Balance | $312,033 | $315,865 | $451,708 |
Projected Balance Sheet:
7.6 Projected Balance Sheet
The following table shows the projected Balance sheet.
| Pro Forma Balance Sheet | |||
| Year 1 | Year 2 | Year 3 | |
| Assets | |||
| Current Assets | |||
| Cash | $312,033 | $315,865 | $451,708 |
| Inventory | $1,500 | $2,480 | $3,260 |
| Other Current Assets | $75,000 | $75,000 | $75,000 |
| Total Current Assets | $388,533 | $393,345 | $529,968 |
| Long-term Assets | |||
| Long-term Assets | $0 | $0 | $0 |
| Accumulated Depreciation | $0 | $0 | $0 |
| Total Long-term Assets | $0 | $0 | $0 |
| Total Assets | $388,533 | $393,345 | $529,968 |
7.7 Business Ratios
Industry profile ratios based on the Standard Industrial Classification (SIC) code 7991, Physical Fitness Facilities, are shown for comparison.
| Ratio Analysis | ||||
| Year 1 | Year 2 | Year 3 | Industry Profile | |
| Sales Growth | 0.00% | 66.31% | 35.29% | 15.90% |
| Percent of Total Assets | ||||
| Inventory | 0.39% | 0.63% | 0.62% | 3.60% |
| Other Current Assets | 19.30% | 19.07% | 14.15% | 31.10% |
| Total Current Assets | 100.00% | 100.00% | 100.00% | 39.00% |
| Long-term Assets | 0.00% | 0.00% | 0.00% | 61.00% |
| Total Assets | 100.00% | 100.00% | 100.00% | 100.00% |
| Current Liabilities | ||||
| Accounts Payable | $25,085 | $26,748 | $32,141 | 34.80% |
| Current Borrowing | $0 | $0 | $0 | 27.60% |
| Other Current Liabilities | $0 | $0 | $0 | 62.40% |
| Subtotal Current Liabilities | $25,085 | $26,748 | $32,141 | 37.60% |
| Long-term Liabilities | $0 | $0 | $0 | |
| Total Liabilities | $25,085 | $26,748 | $32,141 | |
| Paid-in Capital | $600,000 | $600,000 | $600,000 | |
| Retained Earnings | ($25,000) | ($236,553) | ($233,403) | |
| Earnings | ($211,553) | $3,150 | $131,229 | |
| Total Capital | $363,448 | $366,598 | $497,827 | |
| Total Liabilities and Capital | $388,533 | $393,345 | $529,968 | |
| Net Worth | $363,448 | $366,598 | $497,827 | |
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 | ||
| Unit Sales | |||||||||||||
| Salon | 160 | 210 | 260 | 300 | 300 | 275 | 290 | 310 | 290 | 300 | 280 | 300 | |
| Exercise/Therapy | 900 | 960 | 1,100 | 1,100 | 1,200 | 1,350 | 1,350 | 1,275 | 1,430 | 1,390 | 1,350 | 1,350 | |
| Spa | 120 | 150 | 180 | 200 | 220 | 200 | 225 | 260 | 240 | 240 | 200 | 190 | |
| Other | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | |
| Total Unit Sales | 1,230 | 1,370 | 1,590 | 1,650 | 1,770 | 1,875 | 1,915 | 1,895 | 2,010 | 1,980 | 1,880 | 1,890 |
Unit Prices
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Salon | $55.00 | $55.00 | $55.00 | $55.00 | $55.00 | $55.00 | $55.00 | $55.00 | $55.00 | $55.00 | $55.00 | $55.00 |
| Exercise/Therapy | $8.50 | $8.50 | $8.50 | $8.50 | $8.50 | $8.50 | $8.50 | $8.50 | $8.50 | $8.50 | $8.50 | $8.50 |
| Spa | $45.00 | $45.00 | $45.00 | $45.00 | $45.00 | $45.00 | $45.00 | $45.00 | $45.00 | $45.00 | $45.00 | $45.00 |
| Other | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 |
Sales
| Salon | ||||||||||||
| Exercise/Therapy | ||||||||||||
| Spa | ||||||||||||
| Other | ||||||||||||
| Total Sales | $8,800 | $11,550 | $14,300 | $16,500 | $16,500 | $15,125 | $15,950 | $17,050 | $15,950 | $16,500 | $15,400 | $16,500 |
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 | |
| Management | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 |
| Salon | $2,560 | $2,560 | $2,560 | $2,560 | $2,560 | $2,560 | $2,560 | $2,560 | $2,560 | $2,560 | $2,560 | $2,560 |
| Spa | $2,560 | $2,560 | $2,560 | $2,560 | $2,560 | $2,560 | $2,560 | $2,560 | $2,560 | $2,560 | $2,560 | $2,560 |
| Health | $2,880 | $2,880 | $2,880 | $2,880 | $2,880 | $2,880 | $2,880 | $2,880 | $2,880 | $2,880 | $2,880 | $2,880 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total People | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Total Payroll | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 |
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 | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% |
| Long-term Interest Rate | 7.25% | 7.25% | 7.
Pro Forma Profit and Loss Sales: – Month 1: $22,350 – Month 2: $26,960 – Month 3: $32,250 – Month 4: $35,350 – Month 5: $37,100 – Month 6: $36,100 – Month 7: $38,050 – Month 8: $40,088 – Month 9: $39,405 – Month 10: $39,615 – Month 11: $36,375 – Month 12: $37,025 Direct Cost of Sales: – Month 1: $430 – Month 2: $510 – Month 3: $590 – Month 4: $650 – Month 5: $670 – Month 6: $625 – Month 7: $665 – Month 8: $720 – Month 9: $680 – Month 10: $690 – Month 11: $630 – Month 12: $640 Other: – Month 1 to 12: $0 Total Cost of Sales: – Month 1: $430 – Month 2: $510 – Month 3: $590 – Month 4: $650 – Month 5: $670 – Month 6: $625 – Month 7: $665 – Month 8: $720 – Month 9: $680 – Month 10: $690 – Month 11: $630 – Month 12: $640 Gross Margin: – Month 1: $21,920 – Month 2: $26,450 – Month 3: $31,660 – Month 4: $34,700 – Month 5: $36,430 – Month 6: $35,475 – Month 7: $37,385 – Month 8: $39,368 – Month 9: $38,725 – Month 10: $38,925 – Month 11: $35,745 – Month 12: $36,385 Gross Margin %: – Month 1: 98.08% – Month 2: 98.11% – Month 3: 98.17% – Month 4: 98.16% – Month 5: 98.19% – Month 6: 98.27% – Month 7: 98.25% – Month 8: 98.20% – Month 9: 98.27% – Month 10: 98.26% – Month 11: 98.27% – Month 12: 98.27% Expenses: – Payroll: $28,000 for months 1 to 12 – Sales and Marketing and Other Expenses: – Month 1: $5,000 – Month 2: $6,070 – Month 3: $6,700 – Month 4: $6,750 – Month 5: $9,250 – Month 6 to 10: $9,250 – Month 11 and 12: $9,250 – Depreciation: $0 for months 1 to 12 – Leased Equipment: $0 for months 1 to 12 – Utilities: – Month 1: $2,500 – Month 2: $3,300 – Month 3: $3,700 – Month 4: $3,800 – Month 5: $3,400 – Month 6: $2,800 – Month 7: $3,200 – Month 8: $3,700 – Month 9 and 10: $3,600 – Month 11 and 12: $3,400 – Insurance: $1,000 for months 1 to 12 – Rent: $4,500 for months 1 to 12 – Payroll Taxes: 25% of Payroll for months 1 to 12 – Other: $0 for months 1 to 12 Total Operating Expenses: – Month 1: $48,000 – Month 2: $49,870 – Month 3: $50,900 – Month 4: $51,050 – Month 5: $53,150 – Month 6: $52,550 – Month 7: $52,950 – Month 8: $53,450 – Month 9: $53,350 – Month 10: $53,350 – Month 11: $53,150 – Month 12: $52,950 Profit Before Interest and Taxes: – Month 1: ($26,080) – Month 2: ($23,420) – Month 3: ($19,240) – Month 4: ($16,350) – Month 5: ($16,720) – Month 6: ($17,075) – Month 7: ($15,565) – Month 8: ($14,083) – Month 9: ($14,625) – Month 10: ($14,425) – Month 11: ($17,405) – Month 12: ($16,565) EBITDA: – Month 1: ($26,080) – Month 2: ($23,420) – Month 3: ($19,240) – Month 4: ($16,350) – Month 5: ($16,720) – Month 6: ($17,075) – Month 7: ($15,565) – Month 8: ($14,083) – Month 9: ($14,625) – Month 10: ($14,425) – Month 11: ($17,405) – Month 12: ($16,565) Interest Expense: $0 for months 1 to 12 Taxes Incurred: $0 for months 1 to 12 Net Profit: – Month 1: ($26,080) – Month 2: ($23,420) – Month 3: ($19,240) – Month 4: ($16,350) – Month 5: ($16,720) – Month 6: ($17,075) – Month 7: ($15,565) – Month 8: ($14,083) – Month 9: ($14,625) – Month 10: ($14,425) – Month 11: ($17,405) – Month 12: ($16,565) Net Profit/Sales: – Month 1: -116.69% – Month 2: -86.87% – Month 3: -59.66% – Month 4: -46.25% – Month 5: -45.07% – Month 6: -47.30% – Month 7: -40.91% – Month 8: -35.13% – Month 9: -37.11% – Month 10: -36.41% – Month 11: -47.85% – Month 12: -44.74% Pro Forma Cash Flow Cash Received: – Cash from Operations: – Month 1 to 12: $22,350, $26,960, $32,250, $35,350, $37,100, $36,100, $38,050, $40,088, $39,405, $39,615, $36,375, $37,025 – Subtotal Cash from Operations: – Month 1 to 12: $22,350, $26,960, $32,250, $35,350, $37,100, $36,100, $38,050, $40,088, $39,405, $39,615, $36,375, $37,025 Additional Cash Received: – Sales Tax, VAT, HST/GST Received: – Month 1 to 12: $0 – New Current Borrowing: – Month 1 to 12: $0 – New Other Liabilities (interest-free): – Month 1 to 12: $0 – New Long-term Liabilities: – Month 1 to 12: $0 – Sales of Other Current Assets: – Month 1 to 12: $0 – Sales of Long-term Assets: – Month 1 to 12: $0 – New Investment Received: – Month 1 to 12: $0 – Subtotal Cash Received: – Month 1 to 12: $22,350, $26,960, $32,250, $35,350, $37,100, $36,100, $38,050, $40,088, $39,405, $39,615, $36,375, $37,025 Expenditures: – Expenditures from Operations: – Cash Spending: – Month 1 to 12: $28,000 – Bill Payments: – Month 1: $5,667 – Month 2: $20,062 – Month 3: $21,904 – Month 4: $22,905 – Month 5: $23,120 – Month 6 to 10: $25,130 – Month 11 and 12: $24,563 – Subtotal Spent on Operations: – Month 1 to 12: $33,667, $48,062, $49,904, $50,905, $51,120, $53,130, $52,563, $53,000, $54,447, $54,317, $53,377, $54,143 Additional Cash Spent: – Sales Tax, VAT, HST/GST Paid Out: – Month 1 to 12: $0 – Principal Repayment of Current Borrowing: – Month 1 to 12: $0 – Other Liabilities Principal Repayment: – Month 1 to 12: $0 – Long-term Liabilities Principal Repayment: – Month 1 to 12: $0 – Purchase Other Current Assets: – Month 1 to 12: $0 – Purchase Long-term Assets: – Month 1 to 12: $0 – Dividends: – Month 1 to 12: $0 – Subtotal Cash Spent: – Month 1 to 12: $33,667, $48,062, $49,904, $50,905, $51,120, $53,130, $52,563, $53,000, $54,447, $54,317, $53,377, $54,143 Net Cash Flow: – Month 1: ($11,317) – Month 2: ($21,102) – Month 3: ($17,654) – Month 4: ($15,555) – Month 5: ($14,020) – Month 6: ($17,030) – Month 7: ($14,513) – Month 8: ($12,913) – Month 9: ($15,042) – Month 10: ($14,702) – Month 11: ($17,002) – Month 12: ($17,118) Cash Balance: – Month 1: $488,683 – Month 2: $467,581 – Month 3: $449,927 – Month 4: $434,372 – Month 5: $420,352 – Month 6: $403,322 – Month 7: $388,808 – Month 8: $375,896 – Month 9: $360,854 – Month 10: $346,153 – Month 11: $329,151 – Month 12: $312,033 |
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