Greek Golf Training Center

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Golf Course Training Center Business Plan

Appendix

Sales Forecast
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
Membership Fees 0% $2,200 $4,400 $6,600 $8,800 $11,000 $13,200 $15,950 $17,600 $19,800 $22,000 $22,000 $22,000
Golf Equipment 0% $0 $0 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000
Food & Beverages 0% $180 $360 $540 $720 $900 $1,080 $1,260 $1,440 $1,620 $1,800 $1,800 $1,800
Cigars 0% $0 $0 $0 $0 $0 $0 $500 $500 $500 $500 $500 $500
Private Lessons 0% $0 $0 $0 $0 $0 $0 $250 $250 $250 $250 $250 $250
Equipment Rental 0% $0 $0 $0 $0 $0 $0 $250 $250 $250 $250 $250 $250
Advertising 0% $0 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000
Extra Performance Analysis 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $250 $250
Other 0% $0 $0 $0 $0 $0 $0 $100 $100 $100 $100 $100 $100
Total Sales $2,380 $7,760 $12,140 $14,520 $16,900 $19,280 $23,310 $25,140 $27,520 $29,900 $30,150 $30,150
Direct Cost of Sales Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Membership Fees $110 $220 $330 $440 $550 $660 $795 $880 $990 $1,100 $1,100 $1,100
Golf Equipment $0 $0 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500
Food & Beverages $36 $72 $108 $144 $180 $216 $252 $288 $324 $360 $360 $360
Cigars $0 $0 $0 $0 $0 $0 $125 $125 $125 $125 $125 $125
Private Lessons $0 $0 $0 $0 $0 $0 $190 $190 $190 $190 $190 $190
Equipment Rental $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Advertising $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Extra Performance Analysis $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other $0 $0 $0 $0 $0 $0 $50 $50 $50 $50 $50 $50
Subtotal Direct Cost of Sales $146 $292 $1,938 $2,084 $2,230 $2,376 $2,912 $3,033 $3,179 $3,325 $3,325 $3,325
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
Managing Director & consultant 0% $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000
Administration 1 - Part time 0% $800 $800 $1,200 $800 $1,200 $800 $800 $800 $800 $1,600 $800 $800
Administration 2 - Part time 0% $800 $800 $1,200 $800 $1,200 $800 $800 $800 $800 $1,600 $800 $800
Administration 3 - Part time 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Janitor 0% $900 $900 $1,350 $900 $1,350 $900 $900 $900 $900 $1,800 $900 $900
Janitor assistant 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Cleaning Person 1 - Part time 0% $800 $800 $1,200 $800 $1,200 $800 $800 $800 $800 $1,600 $800 $800
Cleaning Person 2 - Part time 0% $800 $800 $1,200 $800 $1,200 $800 $800 $800 $800 $1,600 $800 $800
Professional instructor 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Accountant 0% $300 $300 $300 $300 $300 $300 $300 $300 $300 $300 $300 $300
Guard 1 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Guard 2 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total People 7 7 7 7 7 7 7 7 7 7 7 7
Total Payroll $8,400 $8,400 $10,450 $8,400 $10,450 $8,400 $8,400 $8,400 $8,400 $12,500 $8,400 $8,400
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 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00%
Long-term Interest Rate 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00%
Tax Rate 30.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00%
Personnel Burden 0 0 0 0 0 0 0 0 0 0 0 0
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 $2,380 $7,760 $12,140 $14,520 $16,900 $19,280 $23,310 $25,140 $27,520 $29,900 $30,150 $30,150
Direct Cost of Sales $146 $292 $1,938 $2,084 $2,230 $2,376 $2,912 $3,033 $3,179 $3,325 $3,325 $3,325
Other Costs of Goods $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost of Sales $146 $292 $1,938 $2,084 $2,230 $2,376 $2,912 $3,033 $3,179 $3,325 $3,325 $3,325
Gross Margin $2,234 $7,468 $10,202 $12,436 $14,670 $16,904 $20,398 $22,107 $24,341 $26,575 $26,825 $26,825
Gross Margin % 93.87% 96.24% 84.04% 85.65% 86.80% 87.68% 87.51% 87.94% 88.45% 88.88% 88.97% 88.97%
Expenses
Payroll $8,400 $8,400 $10,450 $8,400 $10,450 $8,400 $8,400 $8,400 $8,400 $12,500 $8,400 $8,400
Sales and Marketing and Other Expenses $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500
Depreciation $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250
Rent (site) $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000
Supplies (Office & Janitorial) $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100
Web Site Expenses $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50
Utilities $250 $250 $250 $250 $250 $250 $250 $250 $250 $250 $250 $250
Insurance (fire,damages, loss) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $10,000
Payroll Taxes 15% $1,260 $1,260 $1,568 $1,260 $1,568 $1,260 $1,260 $1,260 $1,260 $1,875 $1,260 $1,260
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Operating Expenses $15,810 $15,810 $18,168 $15,810 $18,168 $15,810 $15,810 $15,810 $15,810 $20,525 $15,810 $25,810
Profit Before Interest and Taxes ($11,176) ($5,942) ($4,366) ($974) $103 $3,494 $6,988 $8,697 $8,531 $6,050 $11,015 $1,015
EBITDA ($9,926) ($4,692) ($3,116) $276 $1,353 $4,744 $8,238 $9,947 $9,781 $7,300 $12,265 $2,265
Interest Expense $814 $811 $808 $805 $802 $799 $796 $793 $790 $788 $785 $782
Taxes Incurred ($3,597) ($2,363) ($1,811) ($623) ($245) $943 $2,167 $2,766 $2,709 $1,842 $3,581 $82
Net Profit ($8,393) ($4,389) ($3,363) ($1,156) ($455) $1,752 $4,025 $5,137 $5,031 $3,421 $6,650 $152
Net Profit/Sales -352.64% -56.56% -27.70% -7.96% -2.69% 9.09% 17.27% 20.44% 18.28% 11.44% 22.06% 0.50%
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 $2,380 $7,760 $12,140 $14,520 $16,900 $19,280 $23,310 $25,140 $27,520 $29,900 $30,150 $30,150
Subtotal Cash from Operations $2,380 $7,760 $12,140 $14,520 $16,900 $19,280 $23,310 $25,140 $27,520 $29,900 $30,150 $30,150
Additional Cash Received
Non Operating (Other) Income $2,400 $2,400 $3,600 $2,400 $3,600 $2,400 $2,400 $2,400 $0 $0 $0 $0
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 $4,780 $10,160 $15,740 $16,920 $20,500 $21,680 $25,710 $27,540 $27,520 $29,900 $30,150 $30,150
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 $8,400 $8,400 $10,450 $8,400 $10,450 $8,400 $8,400 $8,400 $8,400 $12,500 $8,400 $8,400
Bill Payments $117 $3,569 $4,983 $7,437 $8,454 $9,289 $10,337 $12,059 $12,755 $12,835 $12,767 $14,067
Subtotal Spent on Operations $8,517 $11,969 $15,433 $15,837 $18,904 $17,689 $18,737 $20,459 $21,155 $25,335 $21,167 $22,467
Additional Cash Spent
Non Operating (Other) Expense $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
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 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500
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 $9,017 $12,469 $15,933 $16,337 $19,404 $18,189 $19,237 $20,959 $21,655 $25,835 $21,667 $22,967
Net Cash Flow ($4,237) ($2,309) ($193) $583 $1,096 $3,491 $6,473 $6,581 $5,865 $4,065 $8,483 $7,183
Cash Balance $9,763 $7,454 $7,261 $7,844 $8,940 $12,431 $18,904 $25,485 $31,350 $35,415 $43,898 $51,081
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 $14,000 $9,763 $7,454 $7,261 $7,844 $8,940 $12,431 $18,904 $25,485 $31,350 $35,415 $43,898 $51,081
Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Current Assets $14,000 $9,763 $7,454 $7,261 $7,844 $8,940 $12,431 $18,904 $25,485 $31,350 $35,415 $43,898 $51,081
Long-term Assets
Long-term Assets $65,000 $65,000 $65,000 $65,000 $65,000 $65,000 $65,000 $65,000 $65,000 $65,000 $65,000 $65,000 $65,000
Accumulated Depreciation $0 $1,250 $2,500 $3,750 $5,000 $6,250 $7,500 $8,750 $10,000 $11,250 $12,500 $13,750 $15,000
Total Long-term Assets $65,000 $63,750 $62,500 $61,250 $60,000 $58,750 $57,500 $56,250 $55,000 $53,750 $52,500 $51,250 $50,000
Total Assets $79,000 $73,513 $69,954 $68,511 $67,844 $67,690 $69,931 $75,154 $80,485 $85,100 $87,915 $95,148 $101,081
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 $3,405 $4,736 $7,156 $8,145 $8,946 $9,936 $11,634 $12,328 $12,411 $12,305 $13,389 $19,670
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 $3,405 $4,736 $7,156 $8,145 $8,946 $9,936 $11,634 $12,328 $12,411 $12,305 $13,389 $19,670
Long-term Liabilities $140,000 $139,500 $139,000 $138,500 $138,000 $137,500 $137,000 $136,500 $136,000 $135,500 $135,000 $134,500 $134,000
Total Liabilities $140,000 $142,905 $143,736 $145,656 $146,145 $146,446 $146,936 $148,134 $148,328 $147,911 $147,305 $147,889 $153,670
Paid-in Capital $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000
Retained Earnings ($261,000) ($261,000) ($261,000) ($261,000) ($261,000) ($261,000) ($261,000) ($261,000) ($261,000) ($261,000) ($261,000) ($261,000) ($261,000)
Earnings $0 ($8,393) ($12,782) ($16,145) ($17,301) ($17,756) ($16,004) ($11,980) ($6,842) ($1,811) $1,610 $8,259 $8,411
Total Capital ($61,000) ($69,393) ($73,782) ($77,145) ($78,301) ($78,756) ($77,004) ($72,980) ($67,842) ($62,811) ($59,390) ($52,741) ($52,589)
Total Liabilities and Capital $79,000 $73,513 $69,954 $68,511 $67,844 $67,690 $69,931 $75,154 $80,485 $85,100 $87,915 $95,148 $101,081
Net Worth ($61,000) ($69,393) ($73,782) ($77,145) ($78,301) ($78,756) ($77,004) ($72,980) ($67,842) ($62,811) ($59,390) ($52,741) ($52,589)