Bakery Business Plan

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Jolly's Java and Bakery

Financial Plan

Forecast

Revenue Forecast

  FY2019 FY2020 FY2021
Revenue      
Coffee $475,065 $517,500 $569,250
Pastries $223,750 $250,000 $275,000
Other $12,930 $15,000 $20,000
Direct Cost      
Coffee $190,026 $207,000 $227,700
Pastries $89,500 $100,000 $110,000
Other $5,172 $6,000 $8,000
Direct Labor      
Gross margin $427,047 $469,500 $518,550

Revenue by Month

Chart visualizing the data for Revenue by Month

Expenses by Month

Chart visualizing the data for Expenses by Month

Net Profit (or Loss) by Year

Chart visualizing the data for Net Profit (or Loss) by Year

Financing

Use of Funds

We will be financing initial assets of $65,000 long-term assets (equipment, etc.) and $12,000 current assets plus initial inventory and the early months before break-even occurs. 

Sources of Funds

Two owners each investing $70,000. Total startup investment is $140,000

Statements

Projected Profit & Loss

  FY2019 FY2020 FY2021
       
       
Gross Margin $427,047 $469,500 $518,550
Operating Expenses      
Salaries & Wages $265,000 $291,500 $320,650
Employee Related Expenses $53,000 $58,300 $64,130
Rent $60,000 $65,000 $70,000
Marketing and Promotion $30,500 $33,000 $35,000
       
       
Interest Incurred $2,881 $2,616 $2,343
Depreciation and Amortization $13,000 $13,000 $13,000
Gain or Loss from Sale of Assets      
Income Taxes $400 $913 $2,014
Total Expenses $709,479 $777,329 $852,837
Net Profit $2,266 $5,171 $11,413

Projected Balance Sheet

  Starting Balances FY2019 FY2020 FY2021
Cash $70,000 $91,886 $98,613 $115,920
Accounts Receivable $0 $0 $0 $0
Inventory $12,000 $26,083 $28,809 $28,809
Other Current Assets        
Total Current Assets $82,000 $117,969 $127,421 $144,729
         
Long-Term Assets $65,000 $65,000 $65,000 $65,000
Accumulated Depreciation $0 ($13,000) ($26,000) ($39,000)
Total Long-Term Assets $65,000 $52,000 $39,000 $26,000
         
         
Accounts Payable $1,000 $13,233 $14,790 $15,024
Income Taxes Payable   $400 $231 $506
Sales Taxes Payable   $16,781 $15,650 $17,285
Short-Term Debt $8,711 $8,976 $9,249 $9,530
Prepaid Revenue        
Total Current Liabilities $9,711 $39,390 $39,920 $42,345
Long-Term Debt $91,289 $82,313 $73,064 $63,533
Long-Term Liabilities $91,289 $82,313 $73,064 $63,533
         
         
Paid-In Capital $110,000 $110,000 $110,000 $110,000
Retained Earnings ($64,000) ($64,000) ($61,734) ($56,563)
Earnings   $2,266 $5,171 $11,413
         

Projected Cash Flow Statement

  FY2019 FY2020 FY2021
Net Cash Flow from Operations      
Net Profit $2,266 $5,171 $11,413
Depreciation & Amortization $13,000 $13,000 $13,000
Change in Accounts Receivable $0 $0 $0
Change in Inventory ($14,083) ($2,726) $0
Change in Accounts Payable $12,233 $1,557 $233
Change in Income Tax Payable $400 ($169) $275
Change in Sales Tax Payable $16,781 ($1,131) $1,635
Change in Prepaid Revenue      
Investing & Financing      
Assets Purchased or Sold      
Investments Received      
Dividends & Distributions      
Change in Short-Term Debt $265 $273 $281
Change in Long-Term Debt ($8,976) ($9,249) ($9,530)
Cash at Beginning of Period $70,000 $91,886 $98,613
Net Change in Cash $21,886 $6,726 $17,307
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