Indoor Soccer Facility Business Plan

Dribbling Indoor Soccer

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Financial Plan

The following is the financial plan for Dribbling Indoor Soccer.   

7.1 Break-even Analysis

The monthly break-even as shown below, is based upon forecasted sales, listed earlier in this plan, and all our anticipated monthly expenses.   

Break-even Analysis
Monthly Revenue Break-even $32,741
Assumptions:
Average Percent Variable Cost 13%
Estimated Monthly Fixed Cost $28,618

7.2 Projected Profit and Loss

The following table and charts will highlight projected profit and loss for the next three years.   

Pro Forma Profit and Loss
Year 1 Year 2 Year 3
Sales $405,000 $466,000 $532,000
Direct Cost of Sales $51,000 $56,000 $63,000
Other Production Expenses $0 $0 $0
Total Cost of Sales $51,000 $56,000 $63,000
Gross Margin $354,000 $410,000 $469,000
Gross Margin % 87.41% 87.98% 88.16%
Expenses
Payroll $214,800 $227,000 $240,000
Sales and Marketing and Other Expenses $31,600 $33,600 $33,600
Depreciation $6,000 $6,000 $6,000
Leased Equipment $0 $0 $0
Utilities $4,800 $4,800 $4,800
Insurance $6,000 $6,000 $6,000
Rent $48,000 $48,000 $48,000
Payroll Taxes $32,220 $34,050 $36,000
Other $0 $0 $0
Total Operating Expenses $343,420 $359,450 $374,400
Profit Before Interest and Taxes $10,580 $50,550 $94,600
EBITDA $16,580 $56,550 $100,600
Interest Expense $10,000 $10,000 $10,000
Taxes Incurred $174 $12,165 $25,380
Net Profit $406 $28,385 $59,220
Net Profit/Sales 0.10% 6.09% 11.13%

7.3 Projected Cash Flow

The following table and chart highlight the projected cash flow for three years.   

Pro Forma Cash Flow
Year 1 Year 2 Year 3
Cash Received
Cash from Operations
Cash Sales $405,000 $466,000 $532,000
Subtotal Cash from Operations $405,000 $466,000 $532,000
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 $0 $0 $0
Subtotal Cash Received $405,000 $466,000 $532,000
Expenditures Year 1 Year 2 Year 3
Expenditures from Operations
Cash Spending $214,800 $227,000 $240,000
Bill Payments $166,660 $205,627 $225,659
Subtotal Spent on Operations $381,460 $432,627 $465,659
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 $381,460 $432,627 $465,659
Net Cash Flow $23,540 $33,373 $66,341
Cash Balance $53,540 $86,914 $153,255

7.4 Projected Balance Sheet

The following table highlights the projected balance sheet for three years.   

Pro Forma Balance Sheet
Year 1 Year 2 Year 3
Assets
Current Assets
Cash $53,540 $86,914 $153,255
Inventory $5,225 $5,737 $6,454
Other Current Assets $5,000 $5,000 $5,000
Total Current Assets $63,765 $97,651 $164,709
Long-term Assets
Long-term Assets $40,000 $40,000 $40,000
Accumulated Depreciation $6,000 $12,000 $18,000
Total Long-term Assets $34,000 $28,000 $22,000
Total Assets $97,765 $125,651 $186,709
Liabilities and Capital Year 1 Year 2 Year 3
Current Liabilities
Accounts Payable $17,359 $16,860 $18,698
Current Borrowing $0 $0 $0
Other Current Liabilities $0 $0 $0
Subtotal Current Liabilities $17,359 $16,860 $18,698
Long-term Liabilities $100,000 $100,000 $100,000
Total Liabilities $117,359 $116,860 $118,698
Paid-in Capital $60,000 $60,000 $60,000
Retained Earnings ($80,000) ($79,594) ($51,209)
Earnings $406 $28,385 $59,220
Total Capital ($19,594) $8,791 $68,011
Total Liabilities and Capital $97,765 $125,651 $186,709
Net Worth ($19,594) $8,791 $68,011

7.5 Business Ratios

Business ratios for the years of this plan are shown below.  Industry profile ratios based on the Standard Industrial Classification (SIC) code 7997, Sport and Recreation Club, are shown for comparison.   

Ratio Analysis
Year 1 Year 2 Year 3 Industry Profile
Sales Growth 0.00% 15.06% 14.16% 2.76%
Percent of Total Assets
Inventory 5.34% 4.57% 3.46% 4.78%
Other Current Assets 5.11% 3.98% 2.68% 28.67%
Total Current Assets 65.22% 77.72% 88.22% 37.98%
Long-term Assets 34.78% 22.28% 11.78% 62.02%
Total Assets 100.00% 100.00% 100.00% 100.00%
Current Liabilities 17.76% 13.42% 10.01% 16.07%
Long-term Liabilities 102.29% 79.59% 53.56% 26.99%
Total Liabilities 120.04% 93.00% 63.57% 43.06%
Net Worth -20.04% 7.00% 36.43% 56.94%
Percent of Sales
Sales 100.00% 100.00% 100.00% 100.00%
Gross Margin 87.41% 87.98% 88.16% 100.00%
Selling, General & Administrative Expenses 87.19% 81.62% 76.64% 73.13%
Advertising Expenses 1.48% 1.29% 1.13% 2.52%
Profit Before Interest and Taxes 2.61% 10.85% 17.78% 2.03%
Main Ratios
Current 3.67 5.79 8.81 1.43
Quick 3.37 5.45 8.46 0.97
Total Debt to Total Assets 120.04% 93.00% 63.57% 54.86%
Pre-tax Return on Net Worth -2.96% 461.27% 124.39% 3.12%
Pre-tax Return on Assets 0.59% 32.27% 45.31% 6.92%
Additional Ratios Year 1 Year 2 Year 3
Net Profit Margin 0.10% 6.09% 11.13% n.a
Return on Equity 0.00% 322.89% 87.07% n.a
Activity Ratios
Inventory Turnover 10.77 10.22 10.33 n.a
Accounts Payable Turnover 10.60 12.17 12.17 n.a
Payment Days 27 30 29 n.a
Total Asset Turnover 4.14 3.71 2.85 n.a
Debt Ratios
Debt to Net Worth 0.00 13.29 1.75 n.a
Current Liab. to Liab. 0.15 0.14 0.16 n.a
Liquidity Ratios
Net Working Capital $46,406 $80,791 $146,011 n.a
Interest Coverage 1.06 5.06 9.46 n.a
Additional Ratios
Assets to Sales 0.24 0.27 0.35 n.a
Current Debt/Total Assets 18% 13% 10% n.a
Acid Test 3.37 5.45 8.46 n.a
Sales/Net Worth 0.00 53.01 7.82 n.a
Dividend Payout 0.00 0.00 0.00 n.a
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Break-even Analysis
Monthly Revenue Break-even $32,741
Assumptions:
Average Percent Variable Cost 13%
Estimated Monthly Fixed Cost $28,618
Pro Forma Profit and Loss
Year 1 Year 2 Year 3
Sales $405,000 $466,000 $532,000
Direct Cost of Sales $51,000 $56,000 $63,000
Other Production Expenses $0 $0 $0
Total Cost of Sales $51,000 $56,000 $63,000
Gross Margin $354,000 $410,000 $469,000
Gross Margin % 87.41% 87.98% 88.16%
Expenses
Payroll $214,800 $227,000 $240,000
Sales and Marketing and Other Expenses $31,600 $33,600 $33,600
Depreciation $6,000 $6,000 $6,000
Leased Equipment $0 $0 $0
Utilities $4,800 $4,800 $4,800
Insurance $6,000 $6,000 $6,000
Rent $48,000 $48,000 $48,000
Payroll Taxes $32,220 $34,050 $36,000
Other $0 $0 $0
Total Operating Expenses $343,420 $359,450 $374,400
Profit Before Interest and Taxes $10,580 $50,550 $94,600
EBITDA $16,580 $56,550 $100,600
Interest Expense $10,000 $10,000 $10,000
Taxes Incurred $174 $12,165 $25,380
Net Profit $406 $28,385 $59,220
Net Profit/Sales 0.10% 6.09% 11.13%
Pro Forma Cash Flow
Year 1 Year 2 Year 3
Cash Received
Cash from Operations
Cash Sales $405,000 $466,000 $532,000
Subtotal Cash from Operations $405,000 $466,000 $532,000
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 $0 $0 $0
Subtotal Cash Received $405,000 $466,000 $532,000
Expenditures Year 1 Year 2 Year 3
Expenditures from Operations
Cash Spending $214,800 $227,000 $240,000
Bill Payments $166,660 $205,627 $225,659
Subtotal Spent on Operations $381,460 $432,627 $465,659
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 $381,460 $432,627 $465,659
Net Cash Flow $23,540 $33,373 $66,341
Cash Balance $53,540 $86,914 $153,255
Pro Forma Balance Sheet
Year 1 Year 2 Year 3
Assets
Current Assets
Cash $53,540 $86,914 $153,255
Inventory $5,225 $5,737 $6,454
Other Current Assets $5,000 $5,000 $5,000
Total Current Assets $63,765 $97,651 $164,709
Long-term Assets
Long-term Assets $40,000 $40,000 $40,000
Accumulated Depreciation $6,000 $12,000 $18,000
Total Long-term Assets $34,000 $28,000 $22,000
Total Assets $97,765 $125,651 $186,709
Liabilities and Capital Year 1 Year 2 Year 3
Current Liabilities
Accounts Payable $17,359 $16,860 $18,698
Current Borrowing $0 $0 $0
Other Current Liabilities $0 $0 $0
Subtotal Current Liabilities $17,359 $16,860 $18,698
Long-term Liabilities $100,000 $100,000 $100,000
Total Liabilities $117,359 $116,860 $118,698
Paid-in Capital $60,000 $60,000 $60,000
Retained Earnings ($80,000) ($79,594) ($51,209)
Earnings $406 $28,385 $59,220
Total Capital ($19,594) $8,791 $68,011
Total Liabilities and Capital $97,765 $125,651 $186,709
Net Worth ($19,594) $8,791 $68,011
Ratio Analysis
Year 1 Year 2 Year 3 Industry Profile
Sales Growth 0.00% 15.06% 14.16% 2.76%
Percent of Total Assets
Inventory 5.34% 4.57% 3.46% 4.78%
Other Current Assets 5.11% 3.98% 2.68% 28.67%
Total Current Assets 65.22% 77.72% 88.22% 37.98%
Long-term Assets 34.78% 22.28% 11.78% 62.02%
Total Assets 100.00% 100.00% 100.00% 100.00%
Current Liabilities 17.76% 13.42% 10.01% 16.07%
Long-term Liabilities 102.29% 79.59% 53.56% 26.99%
Total Liabilities 120.04% 93.00% 63.57% 43.06%
Net Worth -20.04% 7.00% 36.43% 56.94%
Percent of Sales
Sales 100.00% 100.00% 100.00% 100.00%
Gross Margin 87.41% 87.98% 88.16% 100.00%
Selling, General & Administrative Expenses 87.19% 81.62% 76.64% 73.13%
Advertising Expenses 1.48% 1.29% 1.13% 2.52%
Profit Before Interest and Taxes 2.61% 10.85% 17.78% 2.03%
Main Ratios
Current 3.67 5.79 8.81 1.43
Quick 3.37 5.45 8.46 0.97
Total Debt to Total Assets 120.04% 93.00% 63.57% 54.86%
Pre-tax Return on Net Worth -2.96% 461.27% 124.39% 3.12%
Pre-tax Return on Assets 0.59% 32.27% 45.31% 6.92%
Additional Ratios Year 1 Year 2 Year 3
Net Profit Margin 0.10% 6.09% 11.13% n.a
Return on Equity 0.00% 322.89% 87.07% n.a
Activity Ratios
Inventory Turnover 10.77 10.22 10.33 n.a
Accounts Payable Turnover 10.60 12.17 12.17 n.a
Payment Days 27 30 29 n.a
Total Asset Turnover 4.14 3.71 2.85 n.a
Debt Ratios
Debt to Net Worth 0.00 13.29 1.75 n.a
Current Liab. to Liab. 0.15 0.14 0.16 n.a
Liquidity Ratios
Net Working Capital $46,406 $80,791 $146,011 n.a
Interest Coverage 1.06 5.06 9.46 n.a
Additional Ratios
Assets to Sales 0.24 0.27 0.35 n.a
Current Debt/Total Assets 18% 13% 10% n.a
Acid Test 3.37 5.45 8.46 n.a
Sales/Net Worth 0.00 53.01 7.82 n.a
Dividend Payout 0.00 0.00 0.00 n.a