Home Interior Design Business Plan

START YOUR OWN BUSINESS PLAN

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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
Remodeling Projects 0% $2,100 $2,200 $3,020 $6,000 $8,500 $12,000 $14,000 $18,000 $10,022 $5,210 $3,820 $2,800
New Home Construction 0% $0 $0 $2,000 $3,000 $4,000 $5,000 $7,000 $8,000 $5,000 $3,000 $2,000 $2,000
Interior Design of Existing Home 0% $3,000 $3,000 $4,240 $6,300 $9,000 $11,000 $14,000 $17,000 $13,000 $4,322 $3,222 $2,655
Total Sales $5,100 $5,200 $9,260 $15,300 $21,500 $28,000 $35,000 $43,000 $28,022 $12,532 $9,042 $7,455
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
Remodeling Projects $0 $230 $433 $630 $950 $1,201 $1,550 $1,700 $850 $530 $300 $260
New Home Construction $0 $0 $300 $400 $500 $600 $700 $900 $800 $600 $400 $300
Interior Design of Existing Home $0 $320 $590 $800 $1,002 $1,202 $1,409 $1,650 $1,200 $390 $280 $248
Subtotal Direct Cost of Sales $0 $550 $1,323 $1,830 $2,452 $3,003 $3,659 $4,250 $2,850 $1,520 $980 $808
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
Courtney Hamlin 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
Katherine Park 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
Total People 2 2 2 2 2 2 2 2 2 2 2 2
Total Payroll $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000
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 $5,100 $5,200 $9,260 $15,300 $21,500 $28,000 $35,000 $43,000 $28,022 $12,532 $9,042 $7,455
Direct Cost of Sales $0 $550 $1,323 $1,830 $2,452 $3,003 $3,659 $4,250 $2,850 $1,520 $980 $808
Other Production Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost of Sales $0 $550 $1,323 $1,830 $2,452 $3,003 $3,659 $4,250 $2,850 $1,520 $980 $808
Gross Margin $5,100 $4,650 $7,937 $13,470 $19,048 $24,997 $31,341 $38,750 $25,172 $11,012 $8,062 $6,647
Gross Margin % 100.00% 89.42% 85.71% 88.04% 88.60% 89.28% 89.55% 90.12% 89.83% 87.87% 89.16% 89.16%
Expenses
Payroll $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000
Sales and Marketing and Other Expenses $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500
Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Leased Equipment $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200
Utilities $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200
Insurance $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200
Rent $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000
Payroll Taxes 15% $1,200 $1,200 $1,200 $1,200 $1,200 $1,200 $1,200 $1,200 $1,200 $1,200 $1,200 $1,200
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Operating Expenses $13,300 $13,300 $13,300 $13,300 $13,300 $13,300 $13,300 $13,300 $13,300 $13,300 $13,300 $13,300
Profit Before Interest and Taxes ($8,200) ($8,650) ($5,363) $170 $5,748 $11,697 $18,041 $25,450 $11,872 ($2,288) ($5,238) ($6,653)
EBITDA ($8,200) ($8,650) ($5,363) $170 $5,748 $11,697 $18,041 $25,450 $11,872 ($2,288) ($5,238) ($6,653)
Interest Expense $245 $241 $236 $232 $227 $223 $218 $213 $209 $204 $200 $195
Taxes Incurred ($2,534) ($2,667) ($1,680) ($18) $1,656 $3,442 $5,347 $7,571 $3,499 ($748) ($1,631) ($2,054)
Net Profit ($5,912) ($6,224) ($3,919) ($43) $3,865 $8,032 $12,476 $17,666 $8,164 ($1,745) ($3,806) ($4,794)
Net Profit/Sales -115.92% -119.68% -42.33% -0.28% 17.98% 28.69% 35.65% 41.08% 29.14% -13.92% -42.10% -64.30%
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 $2,550 $2,600 $4,630 $7,650 $10,750 $14,000 $17,500 $21,500 $14,011 $6,266 $4,521 $3,728
Cash from Receivables $0 $85 $2,552 $2,668 $4,731 $7,753 $10,858 $14,117 $17,633 $21,250 $13,753 $6,208
Subtotal Cash from Operations $2,550 $2,685 $7,182 $10,318 $15,481 $21,753 $28,358 $35,617 $31,644 $27,516 $18,274 $9,935
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 $2,550 $2,685 $7,182 $10,318 $15,481 $21,753 $28,358 $35,617 $31,644 $27,516 $18,274 $9,935
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 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000
Bill Payments $10,100 $3,026 $3,482 $5,252 $7,420 $9,713 $12,053 $14,618 $17,152 $11,672 $6,229 $4,828
Subtotal Spent on Operations $18,100 $11,026 $11,482 $13,252 $15,420 $17,713 $20,053 $22,618 $25,152 $19,672 $14,229 $12,828
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 $550 $550 $550 $550 $550 $550 $550 $550 $550 $550 $550 $550
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 $18,650 $11,576 $12,032 $13,802 $15,970 $18,263 $20,603 $23,168 $25,702 $20,222 $14,779 $13,378
Net Cash Flow ($16,100) ($8,891) ($4,850) ($3,484) ($489) $3,490 $7,755 $12,449 $5,943 $7,295 $3,495 ($3,443)
Cash Balance $43,350 $34,459 $29,609 $26,125 $25,636 $29,126 $36,881 $49,330 $55,273 $62,568 $66,063 $62,620
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 $59,450 $43,350 $34,459 $29,609 $26,125 $25,636 $29,126 $36,881 $49,330 $55,273 $62,568 $66,063 $62,620
Accounts Receivable $0 $2,550 $5,065 $7,143 $12,126 $18,145 $24,392 $31,033 $38,417 $34,794 $19,810 $10,578 $8,098
Other Current Assets $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
Total Current Assets $79,450 $65,900 $59,524 $56,752 $58,250 $63,781 $73,518 $87,915 $107,747 $110,067 $102,378 $96,641 $90,717
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 $79,450 $65,900 $59,524 $56,752 $58,250 $63,781 $73,518 $87,915 $107,747 $110,067 $102,378 $96,641 $90,717
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 $10,000 $2,911 $3,309 $5,007 $7,098 $9,314 $11,569 $14,040 $16,757 $11,462 $6,067 $4,687 $4,107
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 $10,000 $2,911 $3,309 $5,007 $7,098 $9,314 $11,569 $14,040 $16,757 $11,462 $6,067 $4,687 $4,107
Long-term Liabilities $30,000 $29,450 $28,900 $28,350 $27,800 $27,250 $26,700 $26,150 $25,600 $25,050 $24,500 $23,950 $23,400
Total Liabilities $40,000 $32,361 $32,209 $33,357 $34,898 $36,564 $38,269 $40,190 $42,357 $36,512 $30,567 $28,637 $27,507
Paid-in Capital $60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000
Retained Earnings ($20,550) ($20,550) ($20,550) ($20,550) ($20,550) ($20,550) ($20,550) ($20,550) ($20,550) ($20,550) ($20,550) ($20,550) ($20,550)
Earnings $0 ($5,912) ($12,135) ($16,055) ($16,098) ($12,233) ($4,201) $8,275 $25,941 $34,105 $32,360 $28,554 $23,760
Total Capital $39,450 $33,538 $27,315 $23,395 $23,352 $27,217 $35,249 $47,725 $65,391 $73,555 $71,810 $68,004 $63,210
Total Liabilities and Capital $79,450 $65,900 $59,524 $56,752 $58,250 $63,781 $73,518 $87,915 $107,747 $110,067 $102,378 $96,641 $90,717
Net Worth $39,450 $33,538 $27,315 $23,395 $23,352 $27,217 $35,249 $47,725 $65,391 $73,555 $71,810 $68,004 $63,210