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Event Planning Business Plan
Corporate Retreat Professionals
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Financial Plan
The following subtopics will provide financial information.
7.1 Important Assumptions
See the following table for the company's general assumptions.
| General Assumptions | |||
| Year 1 | Year 2 | Year 3 | |
| Plan Month | 1 | 2 | 3 |
| Current Interest Rate | 10.00% | 10.00% | 10.00% |
| Long-term Interest Rate | 10.00% | 10.00% | 10.00% |
| Tax Rate | 25.42% | 25.00% | 25.42% |
| Other | 0 | 0 | 0 |
7.2 Break-even Analysis
This Break-even Analysis projects the figure of approximately $10,000 as the monthly sales Break-even point.
| Break-even Analysis | |
| Monthly Revenue Break-even | $10,174 |
| Assumptions: | |
| Average Percent Variable Cost | 25% |
| Estimated Monthly Fixed Cost | $7,660 |
7.3 Projected Profit and Loss
The following table indicates the projected profit and loss.
| Pro Forma Profit and Loss | |||
| Year 1 | Year 2 | Year 3 | |
| Sales | $94,366 | $188,005 | $214,813 |
| Direct Cost of Sales | $23,314 | $32,065 | $38,130 |
| Other | $0 | $0 | $0 |
| Total Cost of Sales | $23,314 | $32,065 | $38,130 |
| Gross Margin | $71,052 | $155,940 | $176,683 |
| Gross Margin % | 75.29% | 82.94% | 82.25% |
| Expenses | |||
| Payroll | $60,700 | $73,200 | $80,000 |
| Sales and Marketing and Other Expenses | $1,100 | $1,200 | $1,200 |
| Depreciation | $1,668 | $1,668 | $1,664 |
| Leased Equipment | $0 | $0 | $0 |
| Utilities | $1,200 | $1,200 | $1,200 |
| Insurance | $2,400 | $2,400 | $2,400 |
| Rent | $14,400 | $14,400 | $14,400 |
| Payroll Taxes | $10,455 | $15,030 | $16,050 |
| Other | $0 | $0 | $0 |
| Total Operating Expenses | $91,923 | $109,098 | $116,914 |
| Profit Before Interest and Taxes | ($20,871) | $46,842 | $59,769 |
| EBITDA | ($19,203) | $48,510 | $61,433 |
| Interest Expense | $0 | $0 | $0 |
| Taxes Incurred | $0 | $11,711 | $15,191 |
| Net Profit | ($20,871) | $35,132 | $44,578 |
| Net Profit/Sales | -22.12% | 18.69% | 20.75% |
7.4 Projected Cash Flow
The following table indicates projected cash flow.
| Pro Forma Cash Flow | |||
| Year 1 | Year 2 | Year 3 | |
| Cash Received | |||
| Cash from Operations | |||
| Cash Sales | $23,592 | $47,001 | $53,703 |
| Cash from Receivables | $49,432 | $119,826 | $155,047 |
| Subtotal Cash from Operations | $73,023 | $166,827 | $208,750 |
| 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 | $12,000 | $0 | $0 |
| Subtotal Cash Received | $85,023 | $166,827 | $208,750 |
| Expenditures | Year 1 | Year 2 | Year 3 |
| Expenditures from Operations | |||
| Cash Spending | $60,700 | $73,200 | $80,000 |
| Bill Payments | $50,527 | $79,651 | $88,849 |
| Subtotal Spent on Operations | $111,227 | $152,851 | $168,849 |
| 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 | $111,227 | $152,851 | $168,849 |
| Net Cash Flow | ($26,203) | $13,976 | $39,901 |
| Cash Balance | $15,397 | $29,372 | $69,273 |
7.5 Projected Balance Sheet
The following table indicates the projected balance sheet.
| Pro Forma Balance Sheet | |||
| Year 1 | Year 2 | Year 3 | |
| Assets | |||
| Current Assets | |||
| Cash | $15,397 | $29,372 | $69,273 |
| Accounts Receivable | $21,343 | $42,521 | $48,584 |
| Inventory | $4,250 | $5,846 | $6,952 |
| Other Current Assets | $0 | $0 | $0 |
| Total Current Assets | $40,990 | $77,739 | $124,809 |
| Long-term Assets | |||
| Long-term Assets | $5,000 | $5,000 | $5,000 |
| Accumulated Depreciation | $1,668 | $3,336 | $5,000 |
| Total Long-term Assets | $3,332 | $1,664 | $0 |
| Total Assets | $44,322 | $79,403 | $124,809 |
| Liabilities and Capital | Year 1 | Year 2 | Year 3 |
| Current Liabilities | |||
| Accounts Payable | $6,593 | $6,543 | $7,371 |
| Current Borrowing | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 |
| Subtotal Current Liabilities | $6,593 | $6,543 | $7,371 |
| Long-term Liabilities | $0 | $0 | $0 |
| Total Liabilities | $6,593 | $6,543 | $7,371 |
| Paid-in Capital | $62,000 | $62,000 | $62,000 |
| Retained Earnings | ($3,400) | ($24,271) | $10,861 |
| Earnings | ($20,871) | $35,132 | $44,578 |
| Total Capital | $37,729 | $72,861 | $117,438 |
| Total Liabilities and Capital | $44,322 | $79,403 | $124,809 |
| Net Worth | $37,729 | $72,861 | $117,438 |
