Plan Outline
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SIC 7911 Amusement and Recreation Services - Dance studios, schools, and halls
*Reports start as low as $89
Dance Studio Business Plan
U&Me Dance
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Appendix
| 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 | ||
| Owners Salary/Distribution | 0% | $2,000 | $3,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 |
| Instructors Compensation | 0% | $1,250 | $1,250 | $1,250 | $2,500 | $2,500 | $2,800 | $2,800 | $2,800 | $4,000 | $4,000 | $4,000 | $4,000 |
| Other | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total People | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |
| Total Payroll | $3,250 | $4,250 | $7,250 | $8,500 | $8,500 | $8,800 | $8,800 | $8,800 | $10,000 | $10,000 | $10,000 | $10,000 | |
| 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 | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Long-term Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Tax Rate | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | |
| Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pro Forma Profit and Loss | |||||||||||||
| 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 | $15,600 | $17,100 | $23,740 | $25,950 | $27,000 | $28,200 | $26,500 | $26,100 | $28,100 | $26,800 | $27,950 | $28,950 | |
| Direct Cost of Sales | $1,496 | $1,496 | $2,312 | $2,312 | $2,771 | $2,771 | $2,771 | $2,771 | $2,771 | $2,771 | $3,001 | $3,001 | |
| Other Production Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Cost of Sales | $1,496 | $1,496 | $2,312 | $2,312 | $2,771 | $2,771 | $2,771 | $2,771 | $2,771 | $2,771 | $3,001 | $3,001 | |
| Gross Margin | $14,104 | $15,604 | $21,428 | $23,638 | $24,229 | $25,429 | $23,729 | $23,329 | $25,329 | $24,029 | $24,949 | $25,949 | |
| Gross Margin % | 90.41% | 91.25% | 90.26% | 91.09% | 89.74% | 90.17% | 89.54% | 89.38% | 90.14% | 89.66% | 89.26% | 89.63% | |
| Expenses | |||||||||||||
| Payroll | $3,250 | $4,250 | $7,250 | $8,500 | $8,500 | $8,800 | $8,800 | $8,800 | $10,000 | $10,000 | $10,000 | $10,000 | |
| Sales and Marketing and Other Expenses | $3,500 | $3,600 | $3,600 | $5,600 | $3,600 | $3,600 | $3,600 | $3,600 | $3,600 | $3,600 | $3,600 | $3,600 | |
| Depreciation | $295 | $295 | $295 | $295 | $295 | $295 | $295 | $295 | $295 | $295 | $295 | $295 | |
| Utilities | $750 | $750 | $750 | $750 | $750 | $750 | $750 | $750 | $750 | $750 | $750 | $750 | |
| Telephone | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | |
| Insurance | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | |
| Rent | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | |
| Payroll Taxes | 10% | $325 | $425 | $725 | $850 | $850 | $880 | $880 | $880 | $1,000 | $1,000 | $1,000 | $1,000 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Operating Expenses | $14,470 | $15,670 | $18,970 | $22,345 | $20,345 | $20,675 | $20,675 | $20,675 | $21,995 | $21,995 | $21,995 | $21,995 | |
| Profit Before Interest and Taxes | ($366) | ($66) | $2,458 | $1,293 | $3,884 | $4,754 | $3,054 | $2,654 | $3,334 | $2,034 | $2,954 | $3,954 | |
| EBITDA | ($71) | $229 | $2,753 | $1,588 | $4,179 | $5,049 | $3,349 | $2,949 | $3,629 | $2,329 | $3,249 | $4,249 | |
| Interest Expense | $0 | ($8) | ($17) | ($25) | ($33) | ($42) | ($50) | ($58) | ($67) | ($75) | ($83) | ($92) | |
| Taxes Incurred | ($110) | ($17) | $742 | $395 | $1,175 | $1,439 | $931 | $814 | $1,020 | $633 | $911 | $1,214 | |
| Net Profit | ($256) | ($40) | $1,732 | $923 | $2,742 | $3,357 | $2,173 | $1,899 | $2,380 | $1,476 | $2,126 | $2,832 | |
| Net Profit/Sales | -1.64% | -0.24% | 7.30% | 3.56% | 10.16% | 11.90% | 8.20% | 7.27% | 8.47% | 5.51% | 7.61% | 9.78% | |
| 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 | $15,600 | $17,100 | $23,740 | $25,950 | $27,000 | $28,200 | $26,500 | $26,100 | $28,100 | $26,800 | $27,950 | $28,950 | |
| Subtotal Cash from Operations | $15,600 | $17,100 | $23,740 | $25,950 | $27,000 | $28,200 | $26,500 | $26,100 | $28,100 | $26,800 | $27,950 | $28,950 | |
| Additional Cash Received | |||||||||||||
| Sales Tax, VAT, HST/GST Received | 0.00% | $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 | $0 | $0 | $0 | |
| Subtotal Cash Received | $15,600 | $17,100 | $23,740 | $25,950 | $27,000 | $28,200 | $26,500 | $26,100 | $28,100 | $26,800 | $27,950 | $28,950 | |
| 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 | $3,250 | $4,250 | $7,250 | $8,500 | $8,500 | $8,800 | $8,800 | $8,800 | $10,000 | $10,000 | $10,000 | $10,000 | |
| Bill Payments | $410 | $12,321 | $12,658 | $14,522 | $16,207 | $15,472 | $15,731 | $15,228 | $15,117 | $15,411 | $15,045 | $15,539 | |
| Subtotal Spent on Operations | $3,660 | $16,571 | $19,908 | $23,022 | $24,707 | $24,272 | $24,531 | $24,028 | $25,117 | $25,411 | $25,045 | $25,539 | |
| 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 | $0 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | |
| 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 | $3,660 | $17,571 | $20,908 | $24,022 | $25,707 | $25,272 | $25,531 | $25,028 | $26,117 | $26,411 | $26,045 | $26,539 | |
| Net Cash Flow | $11,940 | ($471) | $2,832 | $1,928 | $1,293 | $2,928 | $969 | $1,072 | $1,983 | $389 | $1,905 | $2,411 | |
| Cash Balance | $22,690 | $22,219 | $25,051 | $26,980 | $28,273 | $31,200 | $32,170 | $33,242 | $35,225 | $35,613 | $37,518 | $39,929 | |
| Pro Forma Balance Sheet | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Assets | Starting Balances | ||||||||||||
| Current Assets | |||||||||||||
| Cash | $10,750 | $22,690 | $22,219 | $25,051 | $26,980 | $28,273 | $31,200 | $32,170 | $33,242 | $35,225 | $35,613 | $37,518 | $39,929 |
| Other Current Assets | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 |
| Total Current Assets | $22,750 | $34,690 | $34,219 | $37,051 | $38,980 | $40,273 | $43,200 | $44,170 | $45,242 | $47,225 | $47,613 | $49,518 | $51,929 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $17,700 | $17,700 | $17,700 | $17,700 | $17,700 | $17,700 | $17,700 | $17,700 | $17,700 | $17,700 | $17,700 | $17,700 | $17,700 |
| Accumulated Depreciation | $0 | $295 | $590 | $885 | $1,180 | $1,475 | $1,770 | $2,065 | $2,360 | $2,655 | $2,950 | $3,245 | $3,540 |
| Total Long-term Assets | $17,700 | $17,405 | $17,110 | $16,815 | $16,520 | $16,225 | $15,930 | $15,635 | $15,340 | $15,045 | $14,750 | $14,455 | $14,160 |
| Total Assets | $40,450 | $52,095 | $51,329 | $53,866 | $55,500 | $56,498 | $59,130 | $59,805 | $60,582 | $62,270 | $62,363 | $63,973 | $66,089 |
| Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Current Liabilities | |||||||||||||
| Accounts Payable | $0 | $11,901 | $12,176 | $13,981 | $15,691 | $14,947 | $15,223 | $14,724 | $14,603 | $14,910 | $14,528 | $15,011 | $15,296 |
| Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Subtotal Current Liabilities | $0 | $11,901 | $12,176 | $13,981 | $15,691 | $14,947 | $15,223 | $14,724 | $14,603 | $14,910 | $14,528 | $15,011 | $15,296 |
| Long-term Liabilities | $0 | $0 | ($1,000) | ($2,000) | ($3,000) | ($4,000) | ($5,000) | ($6,000) | ($7,000) | ($8,000) | ($9,000) | ($10,000) | ($11,000) |
| Total Liabilities | $0 | $11,901 | $11,176 | $11,981 | $12,691 | $10,947 | $10,223 | $8,724 | $7,603 | $6,910 | $5,528 | $5,011 | $4,296 |
| Paid-in Capital | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 | $50,000 |
| Retained Earnings | ($9,550) | ($9,550) | ($9,550) | ($9,550) | ($9,550) | ($9,550) | ($9,550) | ($9,550) | ($9,550) | ($9,550) | ($9,550) | ($9,550) | ($9,550) |
| Earnings | $0 | ($256) | ($297) | $1,436 | $2,358 | $5,100 | $8,457 | $10,630 | $12,529 | $14,909 | $16,386 | $18,512 | $21,344 |
| Total Capital | $40,450 | $40,194 | $40,153 | $41,886 | $42,808 | $45,550 | $48,907 | $51,080 | $52,979 | $55,359 | $56,836 | $58,962 | $61,794 |
| Total Liabilities and Capital | $40,450 | $52,095 | $51,329 | $53,866 | $55,500 | $56,498 | $59,130 | $59,805 | $60,582 | $62,270 | $62,363 | $63,973 | $66,089 |
| Net Worth | $40,450 | $40,194 | $40,153 | $41,886 | $42,808 | $45,550 | $48,907 | $51,080 | $52,979 | $55,359 | $56,836 | $58,962 | $61,794 |
