projected financial statements for a business plan pdf

Cash Out This financial plan projections template comes as a set of pro forma templates designed to help startups. Return to top Income Statement Items: (Projected Year 1) $300 represents the cost of maintaining a business chequing account. • Expenses: Revenue, The projected revenue is $658,782 in year 1, $804,171 in year 2, and $876,432 in year 3. 70% of the sales will be collected in cash upon completion of the job. This includes gasoline and maintenance and repairs. $3,455 represents the annual payment of loan interest to ABC Bank during the first year. $900 is the budget for miscellaneous office supplies. Financial Assumptions $82,325 is • Office Supplies: Investors, lenders and others reading your plan will want to see realistic projections and expect your assumptions to be supported with facts. • Principle Payment: See appendix G for a copy of a sample lease agreement. $7,639 represents teh annual repayment of loan principle to ABC Bank during the first year of operations. ABC Cleaners derives its revenue from the following residential services: • Projected 3 year income statement The terms of the loan are 8.25% interest repayable over a period of 5 years. • Purchases: Cash Flow Items (Projected Year 1): $6,000 is the budgeted cost for electricity and gas. All financial assumptions have been completed. • Office Manager: • Owner's Wages: • Up selling of products (ie: deodorizer, disinfectant, Scotch Guard) • Revenue: • Telephone: • Cash From Sales: $2,550 represents the cost of implementing an accounting system, training, and the preparation of quarterly and year end financial statements, and tax returns for the business. They often include different scenarios so you can see how changes to one aspect of your finances (such as higher sales or lower operating expenses) might affect your profitability. This represents the required equity contribution of capital and operating costs. $600 represents the annual budget for cost of maintaining a security system. $685,782 is the projected gross annual sales for the carpet cleaning business for the first year of operations. • SPA $12,950 is the cash equity investment required by Jackie Borton towards the establishment of the project. It might not necessarily be what the business is about to become based on financial forecasts. • Crew Cost: As described in the previous section. • Trucks: Two full time sales staff equivalents will be required to perform the telephone customer solicitations. The template set includes a 12-month profit and loss statement, a balance sheet, and a cash flow statement for you to detail the current and projected financial position of a business. Fixed assets have been depreciated straight line over a period of five years. The square footage is 2,500 feet. var _kiq=_kiq||[];(function(){setTimeout(function(){var d=document,f=d.getElementsByTagName('script')[0],s=d.createElement('script');s.type='text/javascript';s.async=true;s.src='//s3.amazonaws.com/ki.js/50366/bKV.js';f.parentNode.insertBefore(s,f);},1);})(); Financial planning should be completed at least once a year and revised monthly to incorporate actual results. This is a complete finanical plan with 3 year financial projects (12 month cash flow included). • Sample cost and financing for ABC Cleaners Cash In All financial assumptions have been completed. • Rent: It must be short, to the point and very well written. As the business starts to establish itself, ABC Cleaners will eventually explore opportunities in the commercial and vehicle cleaning markets in year 4. Your summary shouldn't be any longer than a page and a half long. • 3 year projected balance sheet $15,000 is the cost of the periodic advertising and promotion that will be carried out, as described in the marketing plan. • Commercial Loans: includes detailed financial statements and projections, forms the core of your overall business plan. Avoid making unsubstantiated claims or sweeping statements. $21,900 has been allocated for depreciation expense. $600 has been budgeted for additional office expenses. Here are the rest of the financial plan (in order): I strongly suggest you study the numbers and apply them to your paritcular situation. This is felt to be sufficient to cover his personal living expenses. There is a total of $124,500 in start up capital purchases. • Depreciation $45,325 is the amount requested from the ABC Bank for the establishment of ABC Carpet Cleaners. • Miscellaneous: The following financial plan example is for a fictitous carpet cleaning company called ABC Cleaners. • Other • Carpet and upholstery cleaning; ABC Bank will provide the bridge financing. This includes benefits. $9,000 per year has been budgeted for the rental of office space at the Clear Springs Mall in Clear Springs. Please refer to the amortization table in the financial plan. Remember, when completing your executive summary, stick to the facts, get to the point, and keep the fluff out! • Advertising and Promotion: This includes office furniture, computer & telephone equipment, leasehold improvements, vehicles (3), cleaning equipment, start up inventory, and a sign. A total of $281,422 has been allocated towards agricultural products. Financial projections use existing or estimated financial data to forecast your business’s future income and expenses. • Insurance: Jackie Borton will draw a total of $20,000 from the business in the first year after the establishment. (function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){(i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)})(window,document,'script','//www.google-analytics.com/analytics.js','ga');ga('create','UA-53365401-1','auto');ga('require','displayfeatures');ga('send','pageview'); Sample cost and financing for ABC Cleaners. Based on the market research, it is expected that the sales projections over the next three years should be attainable. • Office Security • Projected 3 year cash flow statement It requires a financial projection to see what must be the outcome and its effect on the financial statements … $1,500 has been budgeted for any unforseen expenses that may occur. This consists of $71,225 for capital and operating costs, $3,600 for marketing costs, and $7,500 for business support. • Utilities: This template includes instructions for each section of the business plan, followed by … socializeit({pack:2,domain:"business-plans-guide.com",share_horizontal_label:"Share this page:",share_sticky_label:"Share",payItText:"",payItExpanded:"",szColor:"",whatIsThisLabel:"What’s this? $30,000 is the cost to hire a full time office manager to assist with the administration of the business. ‌ Download Startup Financial Projections Template We will start off with our financial assumptions and head into the projections. For more information on preparing a business plan, refer to ED&T’s Starting a Small Business. “Financial Projections”, “Financial Model” and “Pro Forma Financials”. Exponses $7,500 is the annual cost of insuring the three vehicles and the other assets of teh business for ABC Cleaners. the amount of the non repayable contribution requested from the SPA. • Accounting: $26,000 has been budgeted to install and operate four telephone lines, one fax line, and five cellular phones. This is arguably the most important part of the business plan. Here are the rest of the financial plan (in order): • Sample cost and financing for ABC Cleaners • Projected 3 year income statement • 12 Month projected cash flow statement • Projected 3 year cash flow statement • 3 year projected balance sheet

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