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SIC 8082 Health Services - Home health care services
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Home Health Care Services Business Plan
Wheatland Health Services
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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 | |||||||||||||
| Home Health Care Sales | 0% | $25,000 | $27,000 | $27,900 | $29,390 | $31,000 | $33,000 | $35,000 | $37,000 | $39,000 | $41,000 | $42,900 | $45,550 |
| Personal Injury Case Management Sales | 0% | $900 | $1,000 | $1,200 | $1,200 | $1,400 | $1,500 | $1,600 | $1,800 | $1,900 | $2,000 | $2,200 | $2,500 |
| Total Sales | $25,900 | $28,000 | $29,100 | $30,590 | $32,400 | $34,500 | $36,600 | $38,800 | $40,900 | $43,000 | $45,100 | $48,050 | |
| 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 | |
| Home Health Care Sales | $1,313 | $1,418 | $1,465 | $1,543 | $1,628 | $1,733 | $1,838 | $1,943 | $2,048 | $2,153 | $2,252 | $2,391 | |
| Personal Injury Case Management Sales | $113 | $125 | $150 | $150 | $175 | $188 | $200 | $225 | $238 | $250 | $275 | $313 | |
| Subtotal Direct Cost of Sales | $1,425 | $1,543 | $1,615 | $1,693 | $1,803 | $1,920 | $2,038 | $2,168 | $2,285 | $2,403 | $2,527 | $2,704 | |
| 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 | ||
| Administrative Director - Elizabeth Patzer, MSW/MPA | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Clinical Director - Kellene Walker, RN | 0% | $4,333 | $4,333 | $4,333 | $4,333 | $4,333 | $4,333 | $4,333 | $4,333 | $4,333 | $4,333 | $4,333 | $4,333 |
| Administrative Assistant | 0% | $1,560 | $1,560 | $1,560 | $1,560 | $1,560 | $1,560 | $1,560 | $1,560 | $1,560 | $1,560 | $1,560 | $1,560 |
| Skilled Nurse | 0% | $0 | $0 | $2,011 | $2,011 | $2,011 | $2,011 | $2,011 | $2,011 | $2,011 | $2,011 | $2,011 | $2,011 |
| Nurses Aide | 0% | $867 | $867 | $867 | $867 | $867 | $876 | $867 | $867 | $867 | $867 | $867 | $867 |
| Social Worker | 0% | $0 | $0 | $810 | $810 | $810 | $810 | $810 | $810 | $810 | $810 | $810 | $810 |
| Total People | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | |
| Total Payroll | $6,760 | $6,760 | $9,581 | $9,581 | $9,581 | $9,590 | $9,581 | $9,581 | $9,581 | $9,581 | $9,581 | $9,581 | |
| 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 | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | |
| 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 | $25,900 | $28,000 | $29,100 | $30,590 | $32,400 | $34,500 | $36,600 | $38,800 | $40,900 | $43,000 | $45,100 | $48,050 | |
| Direct Cost of Sales | $1,425 | $1,543 | $1,615 | $1,693 | $1,803 | $1,920 | $2,038 | $2,168 | $2,285 | $2,403 | $2,527 | $2,704 | |
| Other Costs of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Cost of Sales | $1,425 | $1,543 | $1,615 | $1,693 | $1,803 | $1,920 | $2,038 | $2,168 | $2,285 | $2,403 | $2,527 | $2,704 | |
| Gross Margin | $24,475 | $26,458 | $27,485 | $28,897 | $30,598 | $32,580 | $34,563 | $36,633 | $38,615 | $40,598 | $42,573 | $45,346 | |
| Gross Margin % | 94.50% | 94.49% | 94.45% | 94.47% | 94.44% | 94.43% | 94.43% | 94.41% | 94.41% | 94.41% | 94.40% | 94.37% | |
| Expenses | |||||||||||||
| Payroll | $6,760 | $6,760 | $9,581 | $9,581 | $9,581 | $9,590 | $9,581 | $9,581 | $9,581 | $9,581 | $9,581 | $9,581 | |
| Payroll Taxes | 15% | $2,493 | $2,493 | $2,493 | $2,493 | $2,493 | $2,493 | $2,493 | $2,493 | $2,493 | $2,493 | $2,493 | $2,493 |
| Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Rent | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | |
| Heat and Lights | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | |
| Phone | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | |
| Cell Phones | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | |
| Water and Garbage | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | |
| Internet Access | $25 | $25 | $25 | $25 | $25 | $25 | $25 | $25 | $25 | $25 | $25 | $25 | |
| Professional Liability Insurance | $750 | $750 | $750 | $750 | $750 | $750 | $750 | $750 | $750 | $750 | $750 | $750 | |
| Workman's Comp Insurance | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | |
| Premises and Content Insurance | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | |
| Advertising and Marketing | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | |
| Meals and Entertainment | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | |
| Professional Development | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | |
| Office Equipment and Supplies | 15% | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 |
| Contracted Therapists: OT/PT/ST | 15% | $1,625 | $1,625 | $1,625 | $1,625 | $1,625 | $1,625 | $1,625 | $1,625 | $1,625 | $1,625 | $1,625 | $1,625 |
| Nursing Supplies | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | |
| Total Operating Expenses | $14,204 | $14,204 | $17,025 | $17,025 | $17,025 | $17,034 | $17,025 | $17,025 | $17,025 | $17,025 | $17,025 | $17,025 | |
| Profit Before Interest and Taxes | $10,271 | $12,254 | $10,461 | $11,872 | $13,573 | $15,546 | $17,538 | $19,608 | $21,590 | $23,573 | $25,548 | $28,321 | |
| EBITDA | $10,271 | $12,254 | $10,461 | $11,872 | $13,573 | $15,546 | $17,538 | $19,608 | $21,590 | $23,573 | $25,548 | $28,321 | |
| Interest Expense | $333 | $333 | $333 | $333 | $333 | $333 | $333 | $333 | $333 | $333 | $333 | $333 | |
| Taxes Incurred | $2,981 | $3,576 | $3,038 | $3,462 | $3,972 | $4,564 | $5,161 | $5,782 | $6,377 | $6,972 | $7,564 | $8,396 | |
| Net Profit | $6,957 | $8,344 | $7,089 | $8,077 | $9,268 | $10,649 | $12,043 | $13,492 | $14,880 | $16,268 | $17,650 | $19,592 | |
| Net Profit/Sales | 26.86% | 29.80% | 24.36% | 26.41% | 28.60% | 30.87% | 32.90% | 34.77% | 36.38% | 37.83% | 39.14% | 40.77% | |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Cash from Receivables | $0 | $863 | $25,970 | $28,037 | $29,150 | $30,650 | $32,470 | $34,570 | $36,673 | $38,870 | $40,970 | $43,070 | |
| Subtotal Cash from Operations | $0 | $863 | $25,970 | $28,037 | $29,150 | $30,650 | $32,470 | $34,570 | $36,673 | $38,870 | $40,970 | $43,070 | |
| 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 | $0 | $863 | $25,970 | $28,037 | $29,150 | $30,650 | $32,470 | $34,570 | $36,673 | $38,870 | $40,970 | $43,070 | |
| 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 | $6,760 | $6,760 | $9,581 | $9,581 | $9,581 | $9,590 | $9,581 | $9,581 | $9,581 | $9,581 | $9,581 | $9,581 | |
| Bill Payments | $406 | $12,207 | $12,880 | $12,446 | $12,952 | $13,575 | $14,284 | $15,001 | $15,750 | $16,462 | $17,175 | $17,902 | |
| Subtotal Spent on Operations | $7,166 | $18,967 | $22,461 | $22,028 | $22,533 | $23,165 | $23,866 | $24,582 | $25,332 | $26,044 | $26,756 | $27,483 | |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| 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 | $7,166 | $18,967 | $22,461 | $22,028 | $22,533 | $23,165 | $23,866 | $24,582 | $25,332 | $26,044 | $26,756 | $27,483 | |
| Net Cash Flow | ($7,166) | ($18,104) | $3,509 | $6,009 | $6,616 | $7,485 | $8,604 | $9,988 | $11,342 | $12,826 | $14,214 | $15,587 | |
| Cash Balance | $37,433 | $19,329 | $22,838 | $28,847 | $35,463 | $42,948 | $51,553 | $61,541 | $72,883 | $85,709 | $99,923 | $115,509 | |
| 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 | $44,599 | $37,433 | $19,329 | $22,838 | $28,847 | $35,463 | $42,948 | $51,553 | $61,541 | $72,883 | $85,709 | $99,923 | $115,509 |
| Accounts Receivable | $0 | $25,900 | $53,037 | $56,167 | $58,720 | $61,970 | $65,820 | $69,950 | $74,180 | $78,407 | $82,537 | $86,667 | $91,647 |
| Other Current Assets | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 |
| Total Current Assets | $48,099 | $66,833 | $75,865 | $82,504 | $91,067 | $100,933 | $112,268 | $125,003 | $139,221 | $154,789 | $171,745 | $190,089 | $210,656 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accumulated Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $48,099 | $66,833 | $75,865 | $82,504 | $91,067 | $100,933 | $112,268 | $125,003 | $139,221 | $154,789 | $171,745 | $190,089 | $210,656 |
| 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 | $11,777 | $12,465 | $12,015 | $12,500 | $13,099 | $13,785 | $14,476 | $15,202 | $15,891 | $16,579 | $17,273 | $18,248 |
| 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 | $11,777 | $12,465 | $12,015 | $12,500 | $13,099 | $13,785 | $14,476 | $15,202 | $15,891 | $16,579 | $17,273 | $18,248 |
| Long-term Liabilities | $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 |
| Total Liabilities | $50,000 | $61,777 | $62,465 | $62,015 | $62,500 | $63,099 | $63,785 | $64,476 | $65,202 | $65,891 | $66,579 | $67,273 | $68,248 |
| Paid-in Capital | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 | $20,000 |
| Retained Earnings | ($21,901) | ($21,901) | ($21,901) | ($21,901) | ($21,901) | ($21,901) | ($21,901) | ($21,901) | ($21,901) | ($21,901) | ($21,901) | ($21,901) | ($21,901) |
| Earnings | $0 | $6,957 | $15,301 | $22,390 | $30,467 | $39,735 | $50,384 | $62,427 | $75,920 | $90,800 | $107,067 | $124,718 | $144,309 |
| Total Capital | ($1,901) | $5,056 | $13,400 | $20,489 | $28,566 | $37,834 | $48,483 | $60,526 | $74,019 | $88,899 | $105,166 | $122,817 | $142,408 |
| Total Liabilities and Capital | $48,099 | $66,833 | $75,865 | $82,504 | $91,067 | $100,933 | $112,268 | $125,003 | $139,221 | $154,789 | $171,745 | $190,089 | $210,656 |
| Net Worth | ($1,901) | $5,056 | $13,400 | $20,489 | $28,566 | $37,834 | $48,483 | $60,526 | $74,019 | $88,899 | $105,166 | $122,817 | $142,408 |
