business plan proforma - from mike leonard - public domain

Financial Projection Model

This spreadsheet walks you through the process of developing an integrated set of financial projections.

To use this model, simply complete any information asked for found in the color yellow.

Example: Fill in boxes that look like this -

A number found in the color green is optional information that you can complete.

Example: Check these assumptions -

Otherwise, any information found in black type is automatically calculated for you.

Although the cells that are calculated are locked (or protected), you can turn off this protection to modify the sheets.

To do this, select "Tools" from the menu bar at the top of the screen. Then select, "Protection."

Finally, select "Unprotect Sheet" and you will be able to edit any labels or formulas.

Before you begin, we need some information about your business to best customize your financial statements.

Please enter the name of your business in the box below:

TakeCharge, Inc.

The first six worksheets in this workbook are steps you will need to complete. They are titled:

1. Required Start-Up Funds

2. Salaries and Wages

3. Fixed Operating Expenses

4. Projected Sales Forecast (2 sheets)

5. Cash Receipts and Disbursements

The sixth step titled, "Beginning Balance Sheet" is for existing businesses only.

Begin by clicking on the tabs below

TakeCharge, Inc. 9-Apr-14

Required Start-Up Funds

Required Start-Up Funds Amount Totals Depreciation Notes

Fixed Assets

Real Estate 3,000

Buildings - 20.00 years

Leasehold Improvements 2,000 7.00 years

Equipment 2,500 7.00 years

Furniture and Fixtures 3,000 5.00 years

Vehicles 25,000 5.00 years

Other Fixed Assets 2,000 5.00 years

Total Fixed Assets 37,500

Operating Capital

Pre-Opening Salaries and Wages 5,500

Prepaid Insurance Premiums 1,100

Beginning Inventory 1,000

Legal and Accounting Fees 600

Rent Deposits 5,000

Utility Deposits 233

Supplies 550

Advertising and Promotions 1,000

Licenses 10

Other Initial Start-Up Costs 6,700

Working Capital (Cash On Hand) 50,000

Total Operating Capital 71,693

Total Required Funds 109,193$

Sources of Funding Amount Totals Loan Rate Term in Months Monthly Payments

Owner's Cash Injection 27.47% 30,000

Outside Investors 54.95% 60,000

Additional Loans or Debt

Commercial Loan 15.38% 16,793 9.00% 84.00 $270.18

Commercial Mortgage 2.20% 2,400 9.00% 240.00 $21.59

Total Sources of Funding 100.00% 109,193$ $291.78

A line of credit is also required in the amount of 4,047$


Salaries and Wages

Salaries and Related Expenses # Assumptions Wage Base Monthly Year One Year Two Year Three

Percent Change 20.00% 10.00%

Salaries and Wages

Owner's Compensation 6 6,000$ 72,000 86,400 95,040

Salaries 2 1PT yr2, 1FT yr3 2,500 30,000 30,000 66,000

Wages

Full-Time Employees 10 1-yr2, 2-yr3 43,333 520,000 52,000 114,400

Estimated Hours Per Week 40.00

Estimated Rate Per Hour 25.00$

Part-Time Employees 5 10,833 130,000 156,000 171,600

Estimated Hours Per Week 20.00

Estimated Rate Per Hour 25.00$

Independent Contractors - - - -

Total Salaries and Wages 23 62,667 752,000 324,400 447,040

Payroll Taxes and Benefits

Social Security 6.20% 102,000$ 3,885 46,624 20,113 27,716

Medicare 1.45% 909 10,904 4,704 6,482

Federal Unemployment Tax (FUTA) 0.80% 7,000$ 107 1,288 1,288 1,288

State Unemployment Tax (SUTA) 2.70% 7,000$ 362 4,347 4,347 4,347

Employee Pension Programs 0.00% - - - -

Worker's Compensation 3.00% 1,880 22,560 27,072 29,779

Employee Health Insurance 0.00% - - - -

Other Employee Benefit Programs 0.00% - - - -

Total Payroll Taxes and Benefits 7,144 85,723 57,524 69,613

Total Salaries and Related Expenses 69,810 837,723 381,924 516,653


Fixed Operating Expenses

Fixed Operating Expenses Monthly Year One Year Two Year Three Notes

Percent Change 3.00% 3.00%

Expenses

Advertising 250$ 3,000 3,090 3,183

Car and Truck Expenses 700 8,400 17,304 17,823

Commissions and Fees - - - -

Contract Labor 200 2,400 2,472 2,546

Credit Card and Bank Charges - - - -

Customer Discounts and Refunds 150 1,800 1,854 1,910

Dues and Subscriptions - - - -

Entertainment - - - -

Insurance (Liability and Property) 1,100 13,200 13,596 14,004

Internet 100 1,200 1,236 1,273

Legal and Professional Fees 200 2,400 2,472 2,546

Office Expenses 50 600 618 637

Postage and Delivery 12 144 148 153

Rent (on business property) - - - -

Rent of Vehicles and Equipment 500 6,000 6,180 6,365

Repairs and Maintenance 200 2,400 2,472 2,546

Supplies 50 600 618 637

Telephone and Communications 233 2,796 2,880 2,966

Travel 200 2,400 2,472 2,546

Utilities - - - -

Total Expenses 3,945 47,340 57,412 59,135

Other Expenses

Depreciation 554 6,643 6,643 6,643

Interest

Commercial Loan 120 1,438 1,269 1,084

Commercial Mortgage 18 214 210 205

Line of Credit 28 334 - -

Total Other Expenses 719 8,629 8,122 7,932

Total Fixed Operating Expenses 4,664 55,969 65,534 67,067


Projected Sales Forecast

Products and Services 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 Totals

Product/Service A - Billable Hrs.

Price Per Unit 68.00$ 100.00%

Variable Cost Per Unit 10.00$ 14.71%

Gross Margin Per Unit 58.00$ 85.29%

Projected Unit Sales

Seasonality Factor 8.33% 8.33% 8.33% 8.33% 8.33% 8.33% 8.33% 8.33% 8.33% 8.33% 8.33% 8.33% 100.00%

Year One 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 150,000

Year Two Growth 150.00% 31,250 31,250 31,250 31,250 31,250 31,250 31,250 31,250 31,250 31,250 31,250 31,250 375,000

Year Three Growth 150.00% 78,125 78,125 78,125 78,125 78,125 78,125 78,125 78,125 78,125 78,125 78,125 78,125 937,500

Fixed Expense Allocation 50.00%

Projected Revenue 10,200,000$

Variable Costs 1,500,000

Gross Margin 8,700,000

Fixed Expenses 27,985

Profit 8,672,015 85.02%

Breakeven Sales Revenue 32,809.46$

Breakeven Sales Units 482

Product/Service B

Price Per Unit -$ 100.00%

Variable Cost Per Unit -$ 0.00%

Gross Margin Per Unit -$ 0.00%



Year One - - - - - - - - - - - - -

Year Two Growth 10.00% - - - - - - - - - - - - -

Year Three Growth 10.00% - - - - - - - - - - - - -


Projected Revenue -$

Variable Costs -

Gross Margin -


Profit (9,328) 0.00%

Breakeven Sales Revenue -$

Breakeven Sales Units -


Projected Sales Forecast - Page 2

Products and Services 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 Totals

Product/Service C






Year One - - - - - - - - - - - - -

Year Two Growth 10.00% - - - - - - - - - - - - -




Variable Costs -

Gross Margin -


Profit (9,328) 0.00%



Product/Service D






Year One - - - - - - - - - - - - -

Year Two Growth 10.00% - - - - - - - - - - - - -




Variable Costs -

Gross Margin -


Profit (9,328) 0.00%




Cash Receipts and Disbursements

Accounts Receivable Collections

Percent of Collections

0 to 30 days 0.00%

31 to 60 days 25.00%

More than 60 days 75.00%

Total Collections Percentage 100.00%

Accounts Payable Disbursements

Number of Days to Pay Suppliers

0 to 30 days 0.00%

31 to 60 days 100.00%

More than 60 days 0.00%

Total Disbursements Percentage 100.00%

Line of Credit Assumptions

Desired Minimum Cash Balance 10,000.00$

Line of Credit Interest Rate 9.00%

Income Tax Assumptions

Effective Income Tax Rate 28.00%

4,664 389

Amortization of Start-Up Expenses 2,233 186

Amortization Period in Years 3.00 575

TakeCharge, Inc.

Balance Sheet (For Existing Businesses Only)

9/30/2009 %

Assets

Current Assets

Cash 30,000

Accounts Receivable -

Inventory 6,000

Prepaid Expenses -

Other Current -

Total Current Assets 36,000

Fixed Assets

Real Estate -

Buildings -

Leasehold Improvements -

Equipment 5,000

Furniture and Fixtures -

Vehicles 25,000

Other Fixed Assets -

Total Fixed Assets 30,000

Less: Accumulated Depreciation -

Total Assets 66,000

Liabilities and Owner's Equity

Liabilities

Accounts Payable -

Notes Payable -

Mortgage Payable -

Line of Credit Balance -

Total Liabilities -

Owner's Equity

Common Stock 66,000

Retained Earnings -

Dividends Dispersed -

Total Owner's Equity 66,000

Total Liabilities and Owner's Equity 66,000

Statement Balances

TakeCharge, Inc.

Projected Income Statement - Year One

Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Totals

Income

Product/Service A - Billable Hrs. 850,000 850,000 850,000 850,000 850,000 850,000 850,000 850,000 850,000 850,000 850,000 850,000 10,200,000

Product/Service B - - - - - - - - - - - - -

-

-

Total Income 850,000 850,000 850,000 850,000 850,000 850,000 850,000 850,000 850,000 850,000 850,000 850,000 10,200,000

Cost of Sales



-

-

Total Cost of Sales 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 1,500,000

Gross Margin 725,000 725,000 725,000 725,000 725,000 725,000 725,000 725,000 725,000 725,000 725,000 725,000 8,700,000

Total Salary and Wages 69,810 69,810 69,810 69,810 69,810 69,810 69,810 69,810 69,810 69,810 69,810 69,810 837,723

Fixed Business Expenses

Advertising 250 250 250 250 250 250 250 250 250 250 250 250 3,000

Car and Truck Expenses 700 700 700 700 700 700 700 700 700 700 700 700 8,400

Commissions and Fees - - - - - - - - - - - - -

Contract Labor 200 200 200 200 200 200 200 200 200 200 200 200 2,400

Credit Card and Bank Charges - - - - - - - - - - - - -

Customer Discounts and Refunds 150 150 150 150 150 150 150 150 150 150 150 150 1,800

Dues and Subscriptions - - - - - - - - - - - - -

Entertainment - - - - - - - - - - - - -

Insurance (Liability and Property) 1,100 1,100 1,100 1,100 1,100 1,100 1,100 1,100 1,100 1,100 1,100 1,100 13,200

Internet 100 100 100 100 100 100 100 100 100 100 100 100 1,200

Legal and Professional Fees 200 200 200 200 200 200 200 200 200 200 200 200 2,400

Office Expenses 50 50 50 50 50 50 50 50 50 50 50 50 600

Postage and Delivery 12 12 12 12 12 12 12 12 12 12 12 12 144

Rent (on business property) - - - - - - - - - - - - -

Rent of Vehicles and Equipment 500 500 500 500 500 500 500 500 500 500 500 500 6,000

Repairs and Maintenance 200 200 200 200 200 200 200 200 200 200 200 200 2,400

Supplies 50 50 50 50 50 50 50 50 50 50 50 50 600

Telephone and Communications 233 233 233 233 233 233 233 233 233 233 233 233 2,796

Travel 200 200 200 200 200 200 200 200 200 200 200 200 2,400

Utilities - - - - - - - - - - - - -

Total Fixed Business Expenses 3,945 3,945 3,945 3,945 3,945 3,945 3,945 3,945 3,945 3,945 3,945 3,945 47,340

Total Other Expenses 183,426 183,447 183,446 183,445 183,444 183,443 183,443 183,442 183,441 183,440 183,439 183,438 2,201,293

Net Income 467,819 467,798 467,799 467,800 467,801 467,801 467,802 467,803 467,804 467,805 467,806 467,806 5,613,644

TakeCharge, Inc.

Projected Cash Flow Statement - Year One


Beginning Cash Balance 80,000 10,000 23,423 127,902 778,824 1,429,747 1,534,232 2,185,154 2,836,077 2,940,559 3,591,481 4,242,404

Cash Inflows

Income from Sales - - - - - - - - - - - - -

Accounts Receivable - 212,500 850,000 850,000 850,000 850,000 850,000 850,000 850,000 850,000 850,000 850,000 8,712,500

Total Cash Inflows - 212,500 850,000 850,000 850,000 850,000 850,000 850,000 850,000 850,000 850,000 850,000 8,712,500

Cash Outflows

Investing Activities

New Capital Purchases - - - - - - - - - - - - -

Inventory Purchases - - - - - - - - - - - - -

Cost of Sales - 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 1,375,000

Operating Activities

Salaries and Wages 69,810 69,810 69,810 69,810 69,810 69,810 69,810 69,810 69,810 69,810 69,810 69,810 837,723

Fixed Business Expenses 3,945 3,945 3,945 3,945 3,945 3,945 3,945 3,945 3,945 3,945 3,945 3,945 47,340

Taxes - - 546,444 - - 546,438 - - 546,441 - - 546,444 2,185,766

Financing Activities -

Loan Payments 292 292 292 292 292 292 292 292 292 292 292 292 3,501

Line of Credit Interest - 30 30 30 30 30 30 30 30 30 30 30 334

Line of Credit Repayments - - - - - - - - - - - - -

Dividends Paid - - - - - - - - - - - - -

Total Cash Outflows 74,047 199,077 745,521 199,077 199,077 745,515 199,077 199,077 745,518 199,077 199,077 745,521 4,449,664

Cash Flow (74,047) 13,423 104,479 650,923 650,923 104,485 650,923 650,923 104,482 650,923 650,923 104,479 4,262,836

Operating Cash Balance 5,953 23,423 127,902 778,824 1,429,747 1,534,232 2,185,154 2,836,077 2,940,559 3,591,481 4,242,404 4,346,883

Line of Credit Drawdowns 4,047 - - - - - - - - - - - 4,047

Ending Cash Balance 10,000 23,423 127,902 778,824 1,429,747 1,534,232 2,185,154 2,836,077 2,940,559 3,591,481 4,242,404 4,346,883

Line of Credit Balance 4,047 4,047 4,047 4,047 4,047 4,047 4,047 4,047 4,047 4,047 4,047 4,047

TakeCharge, Inc.

Balance Sheet - Year One

Base Period End of Year One

Assets

Current Assets

Cash 80,000 4,346,883

Accounts Receivable - 1,487,500

Inventory 7,000 7,000

Prepaid Expenses 13,993 9,329

Other Current 6,700 4,467

Total Current Assets 107,693 5,855,178

Fixed Assets

Real Estate 3,000 3,000

Buildings - -

Leasehold Improvements 2,000 2,000

Equipment 7,500 7,500

Furniture and Fixtures 3,000 3,000

Vehicles 50,000 50,000

Other Fixed Assets 2,000 2,000

Total Fixed Assets 67,500 67,500

Less: Accumulated Depreciation - 6,643

Total Assets 175,193 5,916,035


Liabilities

Accounts Payable - 125,000

Notes Payable 16,793 14,989

Mortgage Payable 2,400 2,355

Line of Credit Balance - 4,047

Total Liabilities 19,193 146,391

Owner's Equity

Common Stock 156,000 156,000

Retained Earnings - 5,613,644

Dividends Dispersed - -

Total Owner's Equity 156,000 5,769,644

Total Liabilities and Owner's Equity 175,193 5,916,035

Statement Balances Statement Balances

TakeCharge, Inc.

Year End SummaryYear One Year Two Year Three

Total Income 10,200,000 25,500,000 63,750,000

Total Cost of Sales 1,500,000 3,750,000 9,375,000

Gross Margin 8,700,000 21,750,000 54,375,000

Total Salary and Wages 837,723 381,924 516,653


Advertising 3,000 3,090 3,183

Car and Truck Expenses 8,400 17,304 17,823

Contract Labor 2,400 2,472 2,546

Customer Discounts and Refunds 1,800 1,854 1,910

Insurance (Liability and Property) 13,200 13,596 14,004

Internet 1,200 1,236 1,273

Legal and Professional Fees 2,400 2,472 2,546

Office Expenses 600 618 637

Postage and Delivery 144 148 153

Rent of Vehicles and Equipment 6,000 6,180 6,365

Repairs and Maintenance 2,400 2,472 2,546

Supplies 600 618 637

Telephone and Communications 2,796 2,880 2,966

Travel 2,400 2,472 2,546

Total Fixed Business Expenses 47,340 57,412 59,135

Other Expenses

Amortized Start-up Expenses 6,898 6,898 6,898

Depreciation 6,643 6,643 6,643

Interest

1,438 1,269 1,084

214 210 205

334 364 364

Taxes 2,185,766 5,964,610 15,061,457

Total Other Expenses 2,201,293 5,979,994 15,076,651

Net Income 5,613,644 15,330,671 38,722,562

Commercial Loan

Commercial Mortgage

Line of Credit

TakeCharge, Inc.

Projected Income Statement - Year Two


Total Income 2,125,000 2,125,000 2,125,000 2,125,000 2,125,000 2,125,000 2,125,000 2,125,000 2,125,000 2,125,000 2,125,000 2,125,000 25,500,000


Gross Margin 1,812,500 1,812,500 1,812,500 1,812,500 1,812,500 1,812,500 1,812,500 1,812,500 1,812,500 1,812,500 1,812,500 1,812,500 21,750,000



Advertising 258 258 258 258 258 258 258 258 258 258 258 258 3,090

Car and Truck Expenses 1,442 1,442 1,442 1,442 1,442 1,442 1,442 1,442 1,442 1,442 1,442 1,442 17,304


Contract Labor 206 206 206 206 206 206 206 206 206 206 206 206 2,472




Entertainment - - - - - - - - - - - - -


Internet 103 103 103 103 103 103 103 103 103 103 103 103 1,236


Office Expenses 52 52 52 52 52 52 52 52 52 52 52 52 618





Supplies 52 52 52 52 52 52 52 52 52 52 52 52 618


Travel 206 206 206 206 206 206 206 206 206 206 206 206 2,472

Utilities - - - - - - - - - - - - -


Total Other Expenses 498,338 498,337 498,336 498,335 498,334 498,333 498,332 498,331 498,331 498,330 498,329 498,328 5,979,994

Net Income 1,277,551 1,277,552 1,277,553 1,277,554 1,277,554 1,277,555 1,277,556 1,277,557 1,277,558 1,277,559 1,277,560 1,277,561 15,330,671

TakeCharge, Inc.

Projected Cash Flow Statement - Year Two


Beginning Cash Balance 4,346,883 5,034,949 5,854,266 6,138,685 7,914,251 9,689,818 9,974,233 ######### ######### ######### ######### #########

Cash Inflows


Accounts Receivable 850,000 1,168,750 2,125,000 2,125,000 2,125,000 2,125,000 2,125,000 2,125,000 2,125,000 2,125,000 2,125,000 2,125,000 23,268,750

Total Cash Inflows 850,000 1,168,750 2,125,000 2,125,000 2,125,000 2,125,000 2,125,000 2,125,000 2,125,000 2,125,000 2,125,000 2,125,000 23,268,750

Cash Outflows




Cost of Sales 125,000 312,500 312,500 312,500 312,500 312,500 312,500 312,500 312,500 312,500 312,500 312,500 3,562,500




Taxes - - 1,491,148 - - 1,491,151 - - 1,491,154 - - 1,491,157 5,964,610


Loan Payments 292 292 292 292 292 292 292 292 292 292 292 292 3,501

Line of Credit Interest 30 30 30 30 30 30 30 30 30 30 30 30 364


Dividends Paid - - - - - - - - - - - - -

Total Cash Outflows 161,933 349,433 1,840,581 349,433 349,433 1,840,584 349,433 349,433 1,840,587 349,433 349,433 1,840,591 9,970,311

Cash Flow 688,067 819,317 284,419 1,775,567 1,775,567 284,416 1,775,567 1,775,567 284,413 1,775,567 1,775,567 284,409 13,298,439

Operating Cash Balance 5,034,949 5,854,266 6,138,685 7,914,251 9,689,818 9,974,233 ######### ######### ######### ######### ######### #########

Line of Credit Drawdowns - - - - - - - - - - - - -

Ending Cash Balance 5,034,949 5,854,266 6,138,685 7,914,251 9,689,818 9,974,233 ######### ######### ######### ######### ######### #########


TakeCharge, Inc.

Balance Sheet - Year Two

End of Year One End of Year Two

Assets

Current Assets

Cash 4,346,883 17,645,321

Accounts Receivable 1,487,500 3,718,750


Prepaid Expenses 9,329 4,664

Other Current 4,467 2,233

Total Current Assets 5,855,178 21,377,969

Fixed Assets


Buildings - -




Vehicles 50,000 50,000



Less: Accumulated Depreciation 6,643 13,286

Total Assets 5,916,035 21,432,183


Liabilities

Accounts Payable 125,000 312,500



Line of Credit Balance 4,047 4,047


Owner's Equity

Common Stock 156,000 156,000

Retained Earnings 5,613,644 20,944,315


Total Owner's Equity 5,769,644 21,100,315

Total Liabilities and Owner's Equity 5,916,035 21,432,183


TakeCharge, Inc.

Projected Income Statement - Year Three


Income

Product/Service A - Billable Hrs. 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 63,750,000


-

-

Total Income 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 63,750,000

Cost of Sales



-

-


Gross Margin 4,531,250 4,531,250 4,531,250 4,531,250 4,531,250 4,531,250 4,531,250 4,531,250 4,531,250 4,531,250 4,531,250 4,531,250 54,375,000



Advertising 265 265 265 265 265 265 265 265 265 265 265 265 3,183

Car and Truck Expenses 1,485 1,485 1,485 1,485 1,485 1,485 1,485 1,485 1,485 1,485 1,485 1,485 17,823


Contract Labor 212 212 212 212 212 212 212 212 212 212 212 212 2,546




Entertainment - - - - - - - - - - - - -


Internet 106 106 106 106 106 106 106 106 106 106 106 106 1,273


Office Expenses 53 53 53 53 53 53 53 53 53 53 53 53 637





Supplies 53 53 53 53 53 53 53 53 53 53 53 53 637


Travel 212 212 212 212 212 212 212 212 212 212 212 212 2,546

Utilities - - - - - - - - - - - - -


Total Other Expenses 1,256,393 1,256,392 1,256,391 1,256,390 1,256,389 1,256,388 1,256,387 1,256,386 1,256,385 1,256,384 1,256,383 1,256,382 15,076,651

Net Income 3,226,875 3,226,876 3,226,877 3,226,878 3,226,879 3,226,880 3,226,881 3,226,882 3,226,883 3,226,884 3,226,885 3,226,886 38,722,562

TakeCharge, Inc.

Projected Cash Flow Statement - Year Three


Beginning Cash Balance ######### ######### ######### ######### ######### ######### ######### ######### ######### ######### ######### #########

Cash Inflows


Accounts Receivable 2,125,000 2,921,875 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 58,171,875

Total Cash Inflows 2,125,000 2,921,875 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 5,312,500 58,171,875

Cash Outflows




Cost of Sales 312,500 781,250 781,250 781,250 781,250 781,250 781,250 781,250 781,250 781,250 781,250 781,250 8,906,250




Taxes - - 3,765,359 - - 3,765,362 - - 3,765,366 - - 3,765,369 15,061,457


Loan Payments 292 292 292 292 292 292 292 292 292 292 292 292 3,501

Line of Credit Interest 30 30 30 30 30 30 30 30 30 30 30 30 364


Dividends Paid - - - - - - - - - - - - -

Total Cash Outflows 360,804 829,554 4,594,913 829,554 829,554 4,594,917 829,554 829,554 4,594,920 829,554 829,554 4,594,924 24,547,359

Cash Flow 1,764,196 2,092,321 717,587 4,482,946 4,482,946 717,583 4,482,946 4,482,946 717,580 4,482,946 4,482,946 717,576 33,624,516

Operating Cash Balance ######### ######### ######### ######### ######### ######### ######### ######### ######### ######### ######### #########

Line of Credit Drawdowns - - - - - - - - - - - - -

Ending Cash Balance ######### ######### ######### ######### ######### ######### ######### ######### ######### ######### ######### #########


TakeCharge, Inc.

Balance Sheet - Year Three

End of Year Two End of Year Three

Assets

Current Assets

Cash 17,645,321 51,269,837

Accounts Receivable 3,718,750 9,296,875


Prepaid Expenses 4,664 0

Other Current 2,233 (0)

Total Current Assets 21,377,969 60,573,712

Fixed Assets


Buildings - -




Vehicles 50,000 50,000



Less: Accumulated Depreciation 13,286 19,929

Total Assets 21,432,183 60,621,283


Liabilities

Accounts Payable 312,500 781,250



Line of Credit Balance 4,047 4,047


Owner's Equity

Common Stock 156,000 156,000

Retained Earnings 20,944,315 59,666,877


Total Owner's Equity 21,100,315 59,822,877

Total Liabilities and Owner's Equity 21,432,183 60,621,283


TakeCharge, Inc.

Financial Ratios

Ratio Year One Year Two Year Three

Liquidity

Current Ratio 40.00 64.42 75.87

Quick Ratio 39.85 64.38 75.86

Safety

Debt to Equity Ratio 0.03 0.02 0.01

Debt to Coverage Ratio 38.39 46.22 48.51

Profitability

Sales Growth - 1.50 1.50

COGS to Sales 0.15 0.15 0.15

Gross Profit Margin 0.85 0.85 0.85

SG&A to Sales 0.09 0.02 0.01

Net Profit Margin 0.55 0.60 0.61

Return on Equity 0.97 0.73 0.65

Return on Assets 0.95 0.72 0.64

Owner's Compensation to Sales 0.01 0.00 0.00

Efficiency

Days in Receivables 52.50 52.50 52.50

Accounts Receivable Turnover 6.86 6.86 6.86

Days in Inventory 1.68 0.67 0.27

Inventory Turnover 214.29 535.71 1,339.29

Sales to Total Assets 1.72 1.19 1.05

TakeCharge, Inc.

Breakeven Analysis

Breakeven Analysis Dollars Percent

Annual Sales Revenue 10,200,000$ 100.00%

Cost of Sales 1,500,000 14.71%

Gross Margin 8,700,000 85.29%

Salaries and Wages 837,723

Fixed Operating Expenses 55,969

Total Fixed Business Expenses 893,692

Breakeven Sales Calculation 893,692

85.29%

Breakeven Sales in Dollars 1,047,777$

TakeCharge, Inc.

Amortization Schedule

Loan Type 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 Totals

Commercial Loan

Principal Amount 16,793$

Interest Rate 9.00%

Loan Term in Months 84.00

Monthly Payment Amount $270.18

Year One

Interest 126 125 124 123 122 120 119 118 117 116 115 114 1,438

Principal 144 145 146 148 149 150 151 152 153 154 155 157 1,804

Loan Balance 16,649 16,503 16,357 16,210 16,061 15,911 15,760 15,608 15,455 15,301 15,146 14,989

Year Two

Interest 112 111 110 109 108 106 105 104 103 101 100 99 1,269

Principal 158 159 160 161 163 164 165 166 167 169 170 171 1,973

Loan Balance 14,831 14,672 14,512 14,351 14,188 14,024 13,859 13,693 13,526 13,357 13,187 13,016

Year Three

Interest 98 96 95 94 92 91 90 88 87 86 84 83 1,084

Principal 173 174 175 176 178 179 180 182 183 185 186 187 2,158

Loan Balance 12,843 12,669 12,494 12,318 12,140 11,961 11,780 11,598 11,415 11,231 11,045 10,857

Commercial Mortgage

Principal Amount 2,400.00$

Interest Rate 9.00%

Loan Term in Months 240.00

Monthly Payment Amount $21.59

Year One

Interest 18 18 18 18 18 18 18 18 18 18 18 18 214

Principal 4 4 4 4 4 4 4 4 4 4 4 4 45

Loan Balance 2,396 2,393 2,389 2,385 2,382 2,378 2,374 2,370 2,367 2,363 2,359 2,355

Year Two

Interest 18 18 18 18 18 18 17 17 17 17 17 17 210

Principal 4 4 4 4 4 4 4 4 4 4 4 4 49

Loan Balance 2,351 2,347 2,343 2,339 2,335 2,331 2,327 2,323 2,319 2,314 2,310 2,306

Year Three

Interest 17 17 17 17 17 17 17 17 17 17 17 17 205

Principal 4 4 4 4 4 4 4 5 5 5 5 5 54

Loan Balance 2,302 2,297 2,293 2,289 2,284 2,280 2,275 2,271 2,266 2,261 2,257 2,252

TakeCharge, Inc.

Financial Diagnostics

This sheet performs a few tests on your numbers to see if they seem within certain reasonable ranges.

Remember, no computer can tell whether your projections are truly well-constructed, only a human can do that.

But these tests can at least look for values that are critically out of range.

Financial Diagnostics Value Findings

General Financing Assumptions

Owner's Cash Injection into the Business 27.47% Owner's injection is reasonable

Cash Request as percent of Total Required Funds 45.79% Cash request exceeds 20% which might be high

Loan Assumptions

Commercial Loan Interest rate 9.00% Interest rate seems reasonable

Commercial Loan Term in Months 84 Loan term seems within range for this type of loan

Commercial Mortgage Interest rate 9.00% Interest rate seems reasonable

Commercial Mortgage Term in Months 240.00 Loan term seems within range for this type of loan

Loan Payments as a Percent of Projected Sales 0.00% Calculated loan payments as a percent of sales seem resonable

Income Statement

Gross Margin as a Percent of Sales #REF! #REF!

Owner's Compensation Lower Limit Check 72,000$ An owner's compensation amount has been established

Owner's Compensation Upper Limit Check 1.28% Owner's compensation seems reasonable

Advertising Expense Levels as a Percent of Sales 0.03% Advertising as a percent of sales may be too low

Profitability Levels 5,613,644$ The business is showing a profit

Profitability as a Percent of Sales #REF! #REF!

Cash Flow Statement

Desired Operating cash Flow Levels 4,047$ The financial projection does not provide the desired level of cash flow

Line of Credit Drawdowns 4,047$ The business will need at least this level of a line of credit

Accounts Receivable Ratio to Sales 14.58% Accounts receivable amount as a percent of sales seems reasonable

Balance Sheet

Does the Base Period Balance Sheet Balance? - The balance sheet does balance

Does the Final Balance Sheet Balance - The balance sheet does balance

Debt to Equity Ratio 2.54% The debt to equity ratio seems reasonable

Breakeven Analysis

Breakeven Levels 9,152,223$ The sales projection exceeds the projected break-even sales level

End of Year One End of Year Two End of Year Three

Assets

Current Assets

Cash 4,346,882.60$ 17,645,321.34$ 51,269,836.85$

Accounts Receivable 1,487,500.00$ 3,718,750.00$ 9,296,875.00$

Inventory 7,000.00$ 7,000.00$ 7,000.00$

Prepaid Expenses 9,328.67$ 4,664.33$ 0.00$

Other Current 4,466.67$ 2,233.33$ (0.00)$

Total Current Assets 5,855,177.93$ 21,377,969.00$ 60,573,711.85$

Fixed Assets

Real Estate 3,000.00$ 3,000.00$ 3,000.00$

Buildings -$ -$ -$

Leasehold Improvements 2,000.00$ 2,000.00$ 2,000.00$

Equipment 7,500.00$ 7,500.00$ 7,500.00$

Furniture and Fixtures 3,000.00$ 3,000.00$ 3,000.00$

Vehicles 50,000.00$ 50,000.00$ 50,000.00$

Other Fixed Assets 2,000.00$ 2,000.00$ 2,000.00$

Total Fixed Assets 67,500.00$ 67,500.00$ 67,500.00$

Less: Accumulated Depreciation 6,642.86$ 13,285.71$ 19,928.57$

Total Assets 5,916,035.00$ 21,432,183.00$ 60,621,283.00$


Liabilities

Accounts Payable 125,000.00$ 312,500.00$ 781,250.00$

Notes Payable 14,988.95$ 13,015.67$ 10,857.28$

Mortgage Payable 2,355.05$ 2,305.89$ 2,252.12$

Line of Credit Balance 4,047.03$ 4,047.03$ 4,047.03$

Total Liabilities 146,391.03$ 331,868.59$ 798,406.43$

Owner's Equity

Common Stock 156,000.00$ 156,000.00$ 156,000.00$

Retained Earnings 5,613,644.04$ 20,944,314.70$ 59,666,876.85$

Dividends Dispersed -$ -$ -$

Total Owner's Equity 5,769,644.04$ 21,100,314.70$ 59,822,876.85$

Total Liabilities and Owner's Equity 5,916,035.00$ 21,432,183.00$ 60,621,283.00$

Statement Balances Statement Balances Statement Balances

Statement Balances

business plan proforma - from mike leonard - public domain

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