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Kennel & Pet Boarding icon Animal Day Care Business Plan

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Doggie Pause

Executive Summary

Doggie Pause is a canine daycare facility catering to professionals who have disposable income and the desire to provide quality care for their pets while they are work. It is a response to a real market need in a high-end high-income market.

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1.1 Objectives

  1. To launch the business and develop sales approaching $25K per month by the end of the first year.
  2. To break even in the second year, and be profitable by the third year.
  3. To increase sales by 20% per year in the second and third year while also becoming profitable.

 

1.2 Mission

We will be the leaders in the market of canine care for the upscale community by providing a positive environment for the animals that we house. Our operations will instill in owners confidence in our ability to care for their pets in appropriate ways. We will control significant market share and increase profit as we grow and expand. We will develop our business conservatively, financing our growth through operational revenue.

1.3 Keys to Success

  1. The initial location will be in an upscale community on the outskirts of the metropolitan area.
  2. We will cater to the needs of our canine owners as much as possible.
  3. We will uphold the statement ‘the customer is always right’ because when it comes to canines, owners know best.
  4. The business finances will be run in an organized and timely manner.
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Company Summary

Doggie Pause will be established as a Subchapter S corporation owned in equal shares by two founders, Barque Oldeyeller and Rufe Rintintin. We are working with the local legal firm Akita, Shar-Pei, Pug & Kesshond, to establish the legal entity.

2.1 Start-up Summary

The start up for Doggie Pause will be simple and cost efficient. Rent and utilities will be the main expense, which will consist of a large building space and office. There will be many advertising expenses in the beginning that will promote the service, and this expense will lessen as months go on and people become aware of our service. Start-up inventory will be mainly shampoo and grooming supplies, food for the dogs, and other supplies like bedding. Assets will be the kennels and play structures for the dogs, and the bathing facilities.

Loans will be needed to start up the company, and we will also be investing some of our own funds. At this point we’re planning to invest $10,000 each as founders, and to take a small business loan of $42K. The loan will be paid off over three years as shown in the cash flow.

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Start-up Funding
Start-up Expenses to Fund $32,500
Start-up Assets to Fund $27,500
Total Funding Required $60,000
Assets
Non-cash Assets from Start-up $10,140
Cash Requirements from Start-up $20,000
Additional Cash Raised $0
Cash Balance on Starting Date $20,000
Total Assets $30,140
Liabilities and Capital
Liabilities
Current Borrowing $40,000
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $40,000
Capital
Planned Investment
Barque Oldeyeller $10,000
Rufe Rintintin $10,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $20,000
Loss at Start-up (Start-up Expenses) ($32,500)
Total Capital ($12,500)
Total Capital and Liabilities $27,500
Total Funding $60,000
Start-up
Requirements
Start-up Expenses
Legal $1,500
Brochures $1,500
Insurance $5,000
Rent $2,500
Expensed equipment $20,000
Other $2,000
Total Start-up Expenses $32,500
Start-up Assets
Cash Required $20,000
Other Current Assets $0
Long-term Assets $7,500
Total Assets $27,500
Total Requirements $60,000

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Services

Doggie Pause offers upscale dog owners a place where they can leave their pets while at work, and away for weekend trips or on vacation. It also offers feeding and exercising, as well as washing, grooming and low-level veterinary services. The location will be a large lot on the outskirts of a high-income residential area. Our projections include a heavy rent because of the location requirements. Customers pay by the day, by the hour, or by the month. Our assumption is that the average customer generates about $250 per month. 

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Market Analysis Summary

The market for Doggie Pause is all of the dog owners in the metropolitan area and surrounding areas of the city. We believe that this is going to be 2/3 of the population, and we have a goal of gaining a 50% market share. We have a target of a 20% yearly profit increase as the business continues.

4.1 Target Market Segment Strategy

We have chosen our target market because they own canines and have the ability to afford a service such as Doggie Pause. We are aware that our service is an extra in life, not a necessity. We anticipate and expect to cater to the upper-class citizens within our geographical area.

4.2 Service Business Analysis

Our familiarity with this business indicates that the service we offer is not currently available anywhere within the metropolitan area. We think our marketing problem will be more a matter of making dog owners aware of the Doggie Pause, than it will be related to the competition.

4.3 Market Segmentation

Our target market consists of canine owners that have the financial capabilities to care for their dogs in an elaborate manner. Most will be from double income homes with high profile jobs that require an extensive amount of time away from the home. Our target market consists of men and women primarily between the ages of 35 and 65. They live in the upscale suburbs surrounding the metropolitan area. Our market segment customers will lead a lifestyle in which their canines play a large part, and these pets are often seen as “children” by their owners. 

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Market Analysis
Year 1 Year 2 Year 3 Year 4 Year 5
Potential Customers Growth CAGR
Canine Owners 20% 15,000 18,000 21,600 25,920 31,104 20.00%
Other 0% 0 0 0 0 0 0.00%
Total 20.00% 15,000 18,000 21,600 25,920 31,104 20.00%

4.4 Competition and Buying Patterns

Our real competition is owners choosing to leave their dogs at home unattended. We recognize that only relatively wealthy people will be interested in spending an average of $250 monthly to provide daycare for their dogs. Still, there should be sufficient market.

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Strategy and Implementation Summary

Doggie Pause will focus on the geographical market of upper-class suburbs surrounding the metropolitan area. Our initial site will be in West Linn, a suburb of Portland. Our target market consists mainly of men and women ages 35-65.

5.1 Competitive Edge

Doggie Pause is the first canine daycare facility of its kind. Never before has there been a place where a canine owner could take their dog to be cared for, for the day. The owner feels no guilt in leaving the dog because it is a secure, safe and fun environment.

5.2 Sales Forecast

Sales are based on an hourly fee for each dog. There will be a $15.00/hour charge for the “day care.” This includes the care of the dogs, and grooming services. Forecasted sales are based on the estimated number of dogs that will be cared for daily, and an average of how many hours each dog will be housed per day. There is an assumption that we will initially be offering services Monday through Friday, 7 AM  to 6 PM, with time for owners to drop off and pick up their pets before and after work. Sales will increase as months go on, due to an increase in number of dogs per day that we are caring for.

Services will expand to include weekends and long-term “vacation” boarding as the need and demand arises.

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Sales Forecast
Year 1 Year 2 Year 3
Sales
Doggie care hours (all inclusive) $135,479 $163,000 $196,000
Other $14,250 $17,000 $20,000
Total Sales $149,729 $180,000 $216,000
Direct Cost of Sales Year 1 Year 2 Year 3
Doggie care hours (all inclusive) $13,548 $16,300 $19,600
Other $4,988 $5,950 $7,000
Subtotal Direct Cost of Sales $18,535 $22,250 $26,600

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Management Summary

The management team will consist of the two co-founders, Barque Oldeyeller and Rufe Rintintin. We do not anticipate taking on other managers until locations are opened in other metropolitan areas. As we grow we expect to need outside guidance in the areas of accounting and financial advising. 

Personnel Plan
Year 1 Year 2 Year 3
Dog care assistants/groomers $56,000 $76,800 $76,800
Admin/etc. $8,800 $15,000 $25,000
Total People 6 6 7
Total Payroll $64,800 $91,800 $101,800

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Financial Plan

We want to finance the start-up of our company mainly through personal investment and a short-term business loan.  We think this is a good risk/return situation and we will provide the necessary personal guarantees to secure the business loan. We will finance growth through the collection of the fees for our services. We understand that without these payments we will not be able to be a profitable business.

7.1 Important Assumptions

Our important financial assumptions are shown below.

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

According to our break-even projections, we need more than $12,000 in monthly sales to break even. We think this is a manageable sales amount. Furthermore, a significant portion of our fixed cost is our own salaries, so that reduces risk as well.

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Break-even Analysis
Monthly Revenue Break-even $12,197
Assumptions:
Average Percent Variable Cost 12%
Estimated Monthly Fixed Cost $10,687

7.3 Projected Profit and Loss

The projections show how we intend to almost break even in the first year (a loss of less than $1,000), make a small profit in the second year and show profit of 9% on sales in the third year. We are confident that even though we have a loss in the first months after opening, we will be profitable in the future as years go on and business increases.

Pro Forma Profit and Loss
Year 1 Year 2 Year 3
Sales $149,729 $180,000 $216,000
Direct Cost of Sales $18,535 $22,250 $26,600
Other $0 $0 $0
Total Cost of Sales $18,535 $22,250 $26,600
Gross Margin $131,194 $157,750 $189,400
Gross Margin % 87.62% 87.64% 87.69%
Expenses
Payroll $64,800 $91,800 $101,800
Sales and Marketing and Other Expenses $15,000 $9,000 $6,000
Depreciation $0 $0 $0
Leased Equipment $0 $0 $0
Utilities $2,725 $3,000 $3,000
Insurance $6,000 $6,000 $6,000
Rent $30,000 $30,000 $30,000
Payroll Taxes $9,720 $13,770 $15,270
Other $0 $0 $0
Total Operating Expenses $128,245 $153,570 $162,070
Profit Before Interest and Taxes $2,949 $4,180 $27,330
EBITDA $2,949 $4,180 $27,330
Interest Expense $3,324 $2,032 $666
Taxes Incurred $0 $537 $6,777
Net Profit ($375) $1,611 $19,887
Net Profit/Sales -0.25% 0.89% 9.21%

7.4 Projected Cash Flow

For Doggie Pause to be successful we need a steady growth in clientele. Without customers bringing in their canines we have no cash flow, no profit, and no business. The cash flow depends on a bridge loan in mid-year from the founders, to be repaid at the end of the year.

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Pro Forma Cash Flow
Year 1 Year 2 Year 3
Cash Received
Cash from Operations
Cash Sales $149,729 $180,000 $216,000
Subtotal Cash from Operations $149,729 $180,000 $216,000
Additional Cash Received
Sales Tax, VAT, HST/GST Received $0 $0 $0
New Current Borrowing $0 $0 $0
New Other Liabilities (interest-free) $10,000 $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 $159,729 $180,000 $216,000
Expenditures Year 1 Year 2 Year 3
Expenditures from Operations
Cash Spending $64,800 $91,800 $101,800
Bill Payments $77,005 $87,772 $93,678
Subtotal Spent on Operations $141,805 $179,572 $195,478
Additional Cash Spent
Sales Tax, VAT, HST/GST Paid Out $0 $0 $0
Principal Repayment of Current Borrowing $12,673 $14,004 $13,322
Other Liabilities Principal Repayment $10,000 $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 $164,478 $193,576 $208,800
Net Cash Flow ($4,749) ($13,576) $7,200
Cash Balance $15,251 $1,675 $8,874

7.5 Projected Balance Sheet

The projected balance sheet shows stability and a gradual increase of net worth.

Pro Forma Balance Sheet
Year 1 Year 2 Year 3
Assets
Current Assets
Cash $15,251 $1,675 $8,874
Other Current Assets $0 $0 $0
Total Current Assets $15,251 $1,675 $8,874
Long-term Assets
Long-term Assets $7,500 $7,500 $7,500
Accumulated Depreciation $0 $0 $0
Total Long-term Assets $7,500 $7,500 $7,500
Total Assets $22,751 $9,175 $16,374
Liabilities and Capital Year 1 Year 2 Year 3
Current Liabilities
Accounts Payable $8,299 $7,117 $7,752
Current Borrowing $27,327 $13,322 $0
Other Current Liabilities $0 $0 $0
Subtotal Current Liabilities $35,626 $20,439 $7,752
Long-term Liabilities $0 $0 $0
Total Liabilities $35,626 $20,439 $7,752
Paid-in Capital $20,000 $20,000 $20,000
Retained Earnings ($32,500) ($32,875) ($31,265)
Earnings ($375) $1,611 $19,887
Total Capital ($12,875) ($11,265) $8,622
Total Liabilities and Capital $22,751 $9,175 $16,374
Net Worth ($12,875) ($11,265) $8,622

7.6 Business Ratios

Ratio Analysis
Year 1 Year 2 Year 3 Industry Profile
Sales Growth 0.00% 20.22% 20.00% -2.90%
Percent of Total Assets
Other Current Assets 0.00% 0.00% 0.00% 31.90%
Total Current Assets 67.03% 18.25% 54.20% 55.90%
Long-term Assets 32.97% 81.75% 45.80% 44.10%
Total Assets 100.00% 100.00% 100.00% 100.00%
Current Liabilities 156.59% 222.78% 47.34% 32.70%
Long-term Liabilities 0.00% 0.00% 0.00% 19.90%
Total Liabilities 156.59% 222.78% 47.34% 52.60%
Net Worth -56.59% -122.78% 52.66% 47.40%
Percent of Sales
Sales 100.00% 100.00% 100.00% 100.00%
Gross Margin 87.62% 87.64% 87.69% 42.50%
Selling, General & Administrative Expenses 88.01% 86.83% 78.47% 26.40%
Advertising Expenses 10.02% 5.00% 2.78% 0.50%
Profit Before Interest and Taxes 1.97% 2.32% 12.65% 2.40%
Main Ratios
Current 0.43 0.08 1.14 2.19
Quick 0.43 0.08 1.14 1.48
Total Debt to Total Assets 156.59% 222.78% 47.34% 52.60%
Pre-tax Return on Net Worth 2.92% -19.06% 309.25% 4.50%
Pre-tax Return on Assets -1.65% 23.41% 162.84% 9.40%
Additional Ratios Year 1 Year 2 Year 3
Net Profit Margin -0.25% 0.89% 9.21% n.a
Return on Equity 0.00% 0.00% 230.65% n.a
Activity Ratios
Accounts Payable Turnover 10.28 12.17 12.17 n.a
Payment Days 27 32 29 n.a
Total Asset Turnover 6.58 19.62 13.19 n.a
Debt Ratios
Debt to Net Worth 0.00 0.00 0.90 n.a
Current Liab. to Liab. 1.00 1.00 1.00 n.a
Liquidity Ratios
Net Working Capital ($20,375) ($18,765) $1,122 n.a
Interest Coverage 0.89 2.06 41.03 n.a
Additional Ratios
Assets to Sales 0.15 0.05 0.08 n.a
Current Debt/Total Assets 157% 223% 47% n.a
Acid Test 0.43 0.08 1.14 n.a
Sales/Net Worth 0.00 0.00 25.05 n.a
Dividend Payout 0.00 0.00 0.00 n.a

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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
Doggie care hours (all inclusive) 20% $5,125 $5,395 $6,835 $12,595 $9,265 $7,825 $8,095 $8,635 $11,245 $15,714 $20,395 $24,355
Other 20% $765 $585 $705 $1,215 $585 $705 $1,215 $1,095 $1,305 $1,785 $2,055 $2,235
Total Sales $5,890 $5,980 $7,540 $13,810 $9,850 $8,530 $9,310 $9,730 $12,550 $17,499 $22,450 $26,590
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
Doggie care hours (all inclusive) 10% $513 $540 $684 $1,260 $927 $783 $810 $864 $1,125 $1,571 $2,040 $2,436
Other 35% $268 $205 $247 $425 $205 $247 $425 $383 $457 $625 $719 $782
Subtotal Direct Cost of Sales $780 $744 $930 $1,685 $1,131 $1,029 $1,235 $1,247 $1,581 $2,196 $2,759 $3,218
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
Dog care assistants/groomers 0% $3,200 $3,200 $3,200 $4,800 $4,800 $4,800 $4,800 $4,800 $4,800 $4,800 $6,400 $6,400
Admin/etc. 0% $500 $500 $500 $500 $500 $500 $500 $500 $1,200 $1,200 $1,200 $1,200
Total People 3 3 3 4 4 4 4 4 5 5 6 6
Total Payroll $3,700 $3,700 $3,700 $5,300 $5,300 $5,300 $5,300 $5,300 $6,000 $6,000 $7,600 $7,600

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% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
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 $5,890 $5,980 $7,540 $13,810 $9,850 $8,530 $9,310 $9,730 $12,550 $17,499 $22,450 $26,590
Direct Cost of Sales $780 $744 $930 $1,685 $1,131 $1,029 $1,235 $1,247 $1,581 $2,196 $2,759 $3,218
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost of Sales $780 $744 $930 $1,685 $1,131 $1,029 $1,235 $1,247 $1,581 $2,196 $2,759 $3,218
Gross Margin $5,110 $5,236 $6,610 $12,125 $8,719 $7,501 $8,075 $8,483 $10,969 $15,303 $19,691 $23,372
Gross Margin % 86.75% 87.55% 87.66% 87.80% 88.52% 87.93% 86.74% 87.19% 87.40% 87.45% 87.71% 87.90%
Expenses
Payroll $3,700 $3,700 $3,700 $5,300 $5,300 $5,300 $5,300 $5,300 $6,000 $6,000 $7,600 $7,600
Sales and Marketing and Other Expenses $3,000 $2,000 $2,000 $1,000 $1,000 $1,000 $1,000 $1,000 $750 $750 $750 $750
Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Leased Equipment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Utilities $200 $200 $200 $225 $225 $225 $225 $225 $250 $250 $250 $250
Insurance $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500
Rent $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500
Payroll Taxes 15% $555 $555 $555 $795 $795 $795 $795 $795 $900 $900 $1,140 $1,140
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Operating Expenses $10,455 $9,455 $9,455 $10,320 $10,320 $10,320 $10,320 $10,320 $10,900 $10,900 $12,740 $12,740
Profit Before Interest and Taxes ($5,345) ($4,219) ($2,845) $1,805 ($1,601) ($2,819) ($2,245) ($1,837) $69 $4,403 $6,951 $10,632
EBITDA ($5,345) ($4,219) ($2,845) $1,805 ($1,601) ($2,819) ($2,245) ($1,837) $69 $4,403 $6,951 $10,632
Interest Expense $325 $316 $308 $299 $291 $282 $273 $264 $255 $246 $237 $228
Taxes Incurred $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Net Profit ($5,670) ($4,536) ($3,153) $1,506 ($1,892) ($3,101) ($2,518) ($2,101) ($186) $4,157 $6,714 $10,405
Net Profit/Sales -96.27% -75.85% -41.82% 10.90% -19.21% -36.36% -27.04% -21.59% -1.49% 23.75% 29.91% 39.13%

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 $5,890 $5,980 $7,540 $13,810 $9,850 $8,530 $9,310 $9,730 $12,550 $17,499 $22,450 $26,590
Subtotal Cash from Operations $5,890 $5,980 $7,540 $13,810 $9,850 $8,530 $9,310 $9,730 $12,550 $17,499 $22,450 $26,590
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 $10,000 $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 $5,890 $5,980 $7,540 $13,810 $9,850 $8,530 $19,310 $9,730 $12,550 $17,499 $22,450 $26,590
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 $3,700 $3,700 $3,700 $5,300 $5,300 $5,300 $5,300 $5,300 $6,000 $6,000 $7,600 $7,600
Bill Payments $262 $7,825 $6,822 $6,994 $6,985 $6,438 $6,338 $6,528 $6,538 $6,757 $7,369 $8,151
Subtotal Spent on Operations $3,962 $11,525 $10,522 $12,294 $12,285 $11,738 $11,638 $11,828 $12,538 $12,757 $14,969 $15,751
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 $1,009 $1,017 $1,025 $1,034 $1,043 $1,051 $1,060 $1,069 $1,078 $1,087 $1,096 $1,105
Other Liabilities Principal Repayment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $10,000
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 $4,971 $12,542 $11,547 $13,328 $13,328 $12,789 $12,698 $12,897 $13,616 $13,843 $16,065 $26,856
Net Cash Flow $919 ($6,562) ($4,007) $482 ($3,478) ($4,259) $6,612 ($3,167) ($1,066) $3,656 $6,385 ($266)
Cash Balance $20,919 $14,357 $10,350 $10,832 $7,355 $3,095 $9,707 $6,541 $5,475 $9,131 $15,516 $15,251
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 $20,000 $20,919 $14,357 $10,350 $10,832 $7,355 $3,095 $9,707 $6,541 $5,475 $9,131 $15,516 $15,251
Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Current Assets $20,000 $20,919 $14,357 $10,350 $10,832 $7,355 $3,095 $9,707 $6,541 $5,475 $9,131 $15,516 $15,251
Long-term Assets
Long-term Assets $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500
Accumulated Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Long-term Assets $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500
Total Assets $27,500 $28,419 $21,857 $17,850 $18,332 $14,855 $10,595 $17,207 $14,041 $12,975 $16,631 $23,016 $22,751
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 $7,598 $6,589 $6,760 $6,771 $6,227 $6,120 $6,310 $6,313 $6,512 $7,097 $7,864 $8,299
Current Borrowing $40,000 $38,991 $37,974 $36,949 $35,915 $34,872 $33,821 $32,761 $31,692 $30,614 $29,528 $28,432 $27,327
Other Current Liabilities $0 $0 $0 $0 $0 $0 $0 $10,000 $10,000 $10,000 $10,000 $10,000 $0
Subtotal Current Liabilities $40,000 $46,590 $44,563 $43,709 $42,686 $41,100 $39,941 $49,071 $48,005 $47,126 $46,625 $46,296 $35,626
Long-term Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Liabilities $40,000 $46,590 $44,563 $43,709 $42,686 $41,100 $39,941 $49,071 $48,005 $47,126 $46,625 $46,296 $35,626
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 ($32,500) ($32,500) ($32,500) ($32,500) ($32,500) ($32,500) ($32,500) ($32,500) ($32,500) ($32,500) ($32,500) ($32,500) ($32,500)
Earnings $0 ($5,670) ($10,206) ($13,359) ($11,853) ($13,745) ($16,846) ($19,364) ($21,465) ($21,651) ($17,494) ($10,780) ($375)
Total Capital ($12,500) ($18,170) ($22,706) ($25,859) ($24,353) ($26,245) ($29,346) ($31,864) ($33,965) ($34,151) ($29,994) ($23,280) ($12,875)
Total Liabilities and Capital $27,500 $28,419 $21,857 $17,850 $18,332 $14,855 $10,595 $17,207 $14,041 $12,975 $16,631 $23,016 $22,751
Net Worth ($12,500) ($18,170) ($22,706) ($25,859) ($24,353) ($26,245) ($29,346) ($31,864) ($33,965) ($34,151) ($29,994) ($23,280) ($12,875)

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