Catering Company Business Plan

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Fressen Catering

Financial Plan

Forecast

Key Assumptions

With experience and after doing research we assume the following is true: 

1- there is a need for high quality kosher food in philadelphia 

2 – we will be serving a higher end income population 

3 – we have the knowledge and equipment to give our customers clean and kosher food. 

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

Fressen Catering will incur the following start-up costs:

  • Two commercial stoves with ovens.
  • Dishwasher.
  • Two sets of cookware.
  • Two sets of dishware.
  • One van with rolling racks built in (a rolling rack is a wheeled rolling cart system that is insulated for both hot and cold food).
  • Assorted serving trays and utensils, knives and cutting boards (two each). 
  • Desk and chair.
  • Computer with printer, CD-RW, Microsoft Office, and QuickBooks Pro. 
  • Copier and fax machine.

Please note that the following items which are considered assets to be used for more than a year will be labeled long-term assets and will be depreciated using G.A.A.P. approved straight-line depreciation method.

Sources of Funds

Susan will be contributing 40000. Susan’s  friends and family will be contributing 90,000 to the business

Statements

Projected Profit & Loss

2020 2021 2022
Gross Margin $164,193 $261,360 $360,360
Operating Expenses
Salaries & Wages $145,200 $239,664 $244,217
Employee Related Expenses $29,040 $47,933 $48,843
Sales and Marketing expense $1,800 $1,800 $1,800
Utilities $600 $600 $600
Insurance $1,800 $1,800 $1,800
Rent $8,400 $8,400 $8,400
Interest Incurred
Depreciation and Amortization $6,504 $6,504 $6,504
Gain or Loss from Sale of Assets
Income Taxes $0 $0 $0
Total Expenses $277,928 $441,341 $497,804
Net Profit ($29,151) ($45,341) $48,196

Projected Balance Sheet

2020 2021 2022
Cash $45,453 $6,789 $62,636
Accounts Receivable $0 $0 $0
Inventory
Other Current Assets
Total Current Assets $45,453 $6,789 $62,636
Long-Term Assets $65,040 $65,040 $65,040
Accumulated Depreciation ($6,504) ($13,008) ($19,512)
Total Long-Term Assets $58,536 $52,032 $45,528
Accounts Payable $3,140 $3,313 $4,460
Income Taxes Payable $0 $0 $0
Sales Taxes Payable $0 $0 $0
Short-Term Debt
Prepaid Revenue
Total Current Liabilities $3,140 $3,313 $4,460
Long-Term Debt
Long-Term Liabilities
Paid-In Capital $130,000 $130,000 $130,000
Retained Earnings ($29,151) ($74,492)
Earnings ($29,151) ($45,341) $48,196

Projected Cash Flow Statement

2020 2021 2022
Net Cash Flow from Operations
Net Profit ($29,151) ($45,341) $48,196
Depreciation & Amortization $6,504 $6,504 $6,504
Change in Accounts Receivable $0 $0 $0
Change in Inventory
Change in Accounts Payable $3,140 $173 $1,148
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 ($65,040)
Investments Received $130,000
Dividends & Distributions
Change in Short-Term Debt
Change in Long-Term Debt
Cash at Beginning of Period $0 $45,453 $6,789
Net Change in Cash $45,453 ($38,664) $55,847
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