The following sections will detail important financial information.
The following table highlights some of the important financial assumptions for the Vette Kat Harbour Bed & Breakfast.
The Break-even Analysis indicates the monthly revenue we must exceed to break even. This will fluctuate as the business plan is recalculated in the first twelve months of usage of utilities and advertising costs.
The following table indicates projected, modest profits.
The following chart and table will indicate projected cash flow.
The following table will indicate the projected balance sheet. Bankers and CPA's will notice that excessive funds are reported being raised, initially. This is a contingency and prudent safety fund. It may prove cost effective and intelligent to place that into the SBA PE bank's savings fund or mutually accessible program yielding a good rate.
The business ratios reflect both a cross-sectional analysis and time-series analysis of the company's risk and profitability. The cross-sectional analysis consists of a comparison of our firm's ratios and those of the hotel and motel industry, NAICS code 72110, averages. The reader will note that there are some significant differences in the ratios, especially in regards to the way our company is leveraged. This is due to the fact that industry averages also include very large hotel chains that usually have much higher capital costs and investments in long-term assets. Furthermore, the Vette Kat Harbour B & B has lower SG&A costs than other hotels and motels since B & Bs usually provide fewer services than larger competitors.
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