Catering Business Plan

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Bright Future Youth and Family Services

Financial Plan

Forecast

Key Assumptions

The financial plan depends on important assumptions, most of which are shown in the following table. The key underlying assumptions are:

  • We assume direct food costs will be equal to or less than 30% of total direct costs.
  • We assume a slow-growth economy, without major recession or crisis in food contamination.
  • We assume that there are no unforeseen changes in government grant funding availability.
  • We assume a continued interest in restaurant and hospitality services by students of the Chambers School. It has proved to be a highly popular program in the past and we have no reason to believe this situation will change.
  • We assume a continued interest in using catering services by organizations and businesses in the Eugene/Springfield area.

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

Start-up Expenses

Dept. of Health Fees $100

Lease (Commercial kitchen) $8,000

Expensed Equipment $1,500

Software $500

TOTAL START-UP EXPENSES $10,000

 

We will also have $30,000 in mostly culinary equipment as long-term assets when we start. 

Sources of Funds

We will get our $40,000 from initial fundraising to a specific grantor that will front us the money, plus an annual $15,000 grant from the Eugene Downtown Commission. Our plan assumes $2K per month in donations. 

Statements

Projected Profit & Loss

2017 2018 2019
Gross Margin $49,718 $50,000 $50,248
Operating Expenses
Salaries & Wages $36,000 $36,000 $36,000
Employee Related Expenses $7,200 $7,200 $7,200
Marketing $2,500 $500 $500
Admin etc $3,600 $3,600 $3,600
Interest Incurred
Depreciation and Amortization $6,000 $6,000 $6,000
Gain or Loss from Sale of Assets
Income Taxes $0 $0 $0
Total Expenses $68,654 $67,781 $68,772
Net Profit ($5,582) ($3,299) ($3,052)

Projected Balance Sheet

Starting Balances 2017 2018 2019
Cash $10,000 $418 $3,119 $6,067
Accounts Receivable $0 $0 $0
Inventory
Other Current Assets
Total Current Assets $10,000 $418 $3,119 $6,067
Long-Term Assets $30,000 $30,000 $30,000 $30,000
Accumulated Depreciation ($6,000) ($12,000) ($18,000)
Total Long-Term Assets $30,000 $24,000 $18,000 $12,000
Accounts Payable $10,000 $0 $0 $0
Income Taxes Payable $0 $0 $0
Sales Taxes Payable $0 $0 $0
Short-Term Debt
Prepaid Revenue
Total Current Liabilities $10,000 $0 $0 $0
Long-Term Debt
Long-Term Liabilities
Paid-In Capital $40,000 $40,000 $40,000 $40,000
Retained Earnings ($10,000) ($10,000) ($15,582) ($18,881)
Earnings ($5,582) ($3,300) ($3,052)

Projected Cash Flow Statement

2017 2018 2019
Net Cash Flow from Operations
Net Profit ($5,582) ($3,299) ($3,052)
Depreciation & Amortization $6,000 $6,000 $6,000
Change in Accounts Receivable $0 $0 $0
Change in Inventory
Change in Accounts Payable ($10,000) $0 $0
Change in Income Tax Payable $0 $0 $0
Change in Sales Tax Payable $0 $0 $0
Change in Prepaid Revenue
Investing & Financing
Assets Purchased or Sold
Investments Received
Dividends & Distributions
Change in Short-Term Debt
Change in Long-Term Debt
Cash at Beginning of Period $10,000 $418 $3,119
Net Change in Cash ($9,582) $2,700 $2,948
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