Convenience Store Business Plan

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MillenniumMart

Financial Plan

Forecast

Key Assumptions

Our early projections show more profit than is realistic.  We expect to revise regularly to manage cash flow based on realistic expectations for the short term, not the long term projections. 

The advantage of handling projections this way is that it allows a cushion for the real expenses as they occur. We will be less profitable, but with enough resources to grow and prosper. 

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

Legal $2,400

Pre-sale advertising/marketing $8,000

Land location and finders fee $8,000

Consultants $4,000

Insurance $1,780

Rent $12,000

Marketing / Promotion – 10000

Expensed equipment $50,0000

Research and Development $10,000

Other: $2000

TOTAL START-UP EXPENSES $96,180

 

 

 

Sources of Funds

We will be getting $268,000 from: 

Family and Friends: $158000

Martin-Bower management: $110,000

Statements

Projected Profit & Loss

2020 2021 2022
Gross Margin $1,000,637 $1,082,260 $1,180,980
Operating Expenses
Salaries & Wages $216,000 $257,040 $299,633
Employee Related Expenses $43,200 $51,408 $59,927
Leased Equipment $96,000
Rent $84,000 $84,000 $84,000
Utilities $28,800 $28,800 $28,800
Accounting / Bookkeeping $21,800 $30,000 $30,000
Insurance $7,200 $7,200 $7,200
Marketing / Promotions $20,000 $30,000 $30,000
Interest Incurred
Depreciation and Amortization $4,800 $14,800 $14,800
Gain or Loss from Sale of Assets
Income Taxes $0 $0 $0
Total Expenses $2,046,363 $2,134,988 $2,343,380
Net Profit $478,837 $579,012 $626,620

Projected Balance Sheet

Starting Balances 2020 2021 2022
Cash $89,820 $453,799 $729,812 $1,370,806
Accounts Receivable $7,142 $4,523 $4,950
Inventory $10,000 $135,978 $149,085 $149,085
Other Current Assets
Total Current Assets $99,820 $596,919 $883,420 $1,524,841
Long-Term Assets $72,000 $72,000 $222,000 $222,000
Accumulated Depreciation ($4,800) ($19,600) ($34,400)
Total Long-Term Assets $72,000 $67,200 $202,400 $187,600
Accounts Payable $8,000 $21,462 $22,151 $22,151
Income Taxes Payable $0 $0 $0
Sales Taxes Payable $0 $0 $0
Short-Term Debt
Prepaid Revenue
Total Current Liabilities $8,000 $21,462 $22,151 $22,151
Long-Term Debt
Long-Term Liabilities
Paid-In Capital $260,000 $260,000 $260,000 $260,000
Retained Earnings ($96,180) ($96,180) $224,657 $803,669
Earnings $478,837 $579,012 $626,620

Projected Cash Flow Statement

2020 2021 2022
Net Cash Flow from Operations
Net Profit $478,837 $579,012 $626,620
Depreciation & Amortization $4,800 $14,800 $14,800
Change in Accounts Receivable ($7,142) $2,619 ($427)
Change in Inventory ($125,978) ($13,107) $0
Change in Accounts Payable $13,462 $689 $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 ($150,000)
Investments Received
Dividends & Distributions ($158,000)
Change in Short-Term Debt
Change in Long-Term Debt
Cash at Beginning of Period $89,820 $453,799 $729,812
Net Change in Cash $363,979 $276,013 $640,994
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