Dance Studio Business Plan

Start your plan
Start my business plan

Start your own dance studio business plan

U&Me Dance

Appendix

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
Owners Salary/Distribution 0% $2,000 $3,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000
Instructors Compensation 0% $1,250 $1,250 $1,250 $2,500 $2,500 $2,800 $2,800 $2,800 $4,000 $4,000 $4,000 $4,000
Other 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total People 5 5 5 5 5 5 5 5 5 5 5 5
Total Payroll $3,250 $4,250 $7,250 $8,500 $8,500 $8,800 $8,800 $8,800 $10,000 $10,000 $10,000 $10,000
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% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
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 $15,600 $17,100 $23,740 $25,950 $27,000 $28,200 $26,500 $26,100 $28,100 $26,800 $27,950 $28,950
Direct Cost of Sales $1,496 $1,496 $2,312 $2,312 $2,771 $2,771 $2,771 $2,771 $2,771 $2,771 $3,001 $3,001
Other Production Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost of Sales $1,496 $1,496 $2,312 $2,312 $2,771 $2,771 $2,771 $2,771 $2,771 $2,771 $3,001 $3,001
Gross Margin $14,104 $15,604 $21,428 $23,638 $24,229 $25,429 $23,729 $23,329 $25,329 $24,029 $24,949 $25,949
Gross Margin % 90.41% 91.25% 90.26% 91.09% 89.74% 90.17% 89.54% 89.38% 90.14% 89.66% 89.26% 89.63%
Expenses
Payroll $3,250 $4,250 $7,250 $8,500 $8,500 $8,800 $8,800 $8,800 $10,000 $10,000 $10,000 $10,000
Sales and Marketing and Other Expenses $3,500 $3,600 $3,600 $5,600 $3,600 $3,600 $3,600 $3,600 $3,600 $3,600 $3,600 $3,600
Depreciation $295 $295 $295 $295 $295 $295 $295 $295 $295 $295 $295 $295
Utilities $750 $750 $750 $750 $750 $750 $750 $750 $750 $750 $750 $750
Telephone $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200
Insurance $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150
Rent $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000
Payroll Taxes 10% $325 $425 $725 $850 $850 $880 $880 $880 $1,000 $1,000 $1,000 $1,000
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Operating Expenses $14,470 $15,670 $18,970 $22,345 $20,345 $20,675 $20,675 $20,675 $21,995 $21,995 $21,995 $21,995
Profit Before Interest and Taxes ($366) ($66) $2,458 $1,293 $3,884 $4,754 $3,054 $2,654 $3,334 $2,034 $2,954 $3,954
EBITDA ($71) $229 $2,753 $1,588 $4,179 $5,049 $3,349 $2,949 $3,629 $2,329 $3,249 $4,249
Interest Expense $0 ($8) ($17) ($25) ($33) ($42) ($50) ($58) ($67) ($75) ($83) ($92)
Taxes Incurred ($110) ($17) $742 $395 $1,175 $1,439 $931 $814 $1,020 $633 $911 $1,214
Net Profit ($256) ($40) $1,732 $923 $2,742 $3,357 $2,173 $1,899 $2,380 $1,476 $2,126 $2,832
Net Profit/Sales -1.64% -0.24% 7.30% 3.56% 10.16% 11.90% 8.20% 7.27% 8.47% 5.51% 7.61% 9.78%

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 $15,600 $17,100 $23,740 $25,950 $27,000 $28,200 $26,500 $26,100 $28,100 $26,800 $27,950 $28,950
Subtotal Cash from Operations $15,600 $17,100 $23,740 $25,950 $27,000 $28,200 $26,500 $26,100 $28,100 $26,800 $27,950 $28,950
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 $0 $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 $15,600 $17,100 $23,740 $25,950 $27,000 $28,200 $26,500 $26,100 $28,100 $26,800 $27,950 $28,950
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 $3,250 $4,250 $7,250 $8,500 $8,500 $8,800 $8,800 $8,800 $10,000 $10,000 $10,000 $10,000
Bill Payments $410 $12,321 $12,658 $14,522 $16,207 $15,472 $15,731 $15,228 $15,117 $15,411 $15,045 $15,539
Subtotal Spent on Operations $3,660 $16,571 $19,908 $23,022 $24,707 $24,272 $24,531 $24,028 $25,117 $25,411 $25,045 $25,539
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 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Liabilities Principal Repayment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Long-term Liabilities Principal Repayment $0 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000
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 $3,660 $17,571 $20,908 $24,022 $25,707 $25,272 $25,531 $25,028 $26,117 $26,411 $26,045 $26,539
Net Cash Flow $11,940 ($471) $2,832 $1,928 $1,293 $2,928 $969 $1,072 $1,983 $389 $1,905 $2,411
Cash Balance $22,690 $22,219 $25,051 $26,980 $28,273 $31,200 $32,170 $33,242 $35,225 $35,613 $37,518 $39,929

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 $10,750 $22,690 $22,219 $25,051 $26,980 $28,273 $31,200 $32,170 $33,242 $35,225 $35,613 $37,518 $39,929
Other Current Assets $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000
Total Current Assets $22,750 $34,690 $34,219 $37,051 $38,980 $40,273 $43,200 $44,170 $45,242 $47,225 $47,613 $49,518 $51,929
Long-term Assets
Long-term Assets $17,700 $17,700 $17,700 $17,700 $17,700 $17,700 $17,700 $17,700 $17,700 $17,700 $17,700 $17,700 $17,700
Accumulated Depreciation $0 $295 $590 $885 $1,180 $1,475 $1,770 $2,065 $2,360 $2,655 $2,950 $3,245 $3,540
Total Long-term Assets $17,700 $17,405 $17,110 $16,815 $16,520 $16,225 $15,930 $15,635 $15,340 $15,045 $14,750 $14,455 $14,160
Total Assets $40,450 $52,095 $51,329 $53,866 $55,500 $56,498 $59,130 $59,805 $60,582 $62,270 $62,363 $63,973 $66,089
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 $11,901 $12,176 $13,981 $15,691 $14,947 $15,223 $14,724 $14,603 $14,910 $14,528 $15,011 $15,296
Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Current Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Current Liabilities $0 $11,901 $12,176 $13,981 $15,691 $14,947 $15,223 $14,724 $14,603 $14,910 $14,528 $15,011 $15,296
Long-term Liabilities $0 $0 ($1,000) ($2,000) ($3,000) ($4,000) ($5,000) ($6,000) ($7,000) ($8,000) ($9,000) ($10,000) ($11,000)
Total Liabilities $0 $11,901 $11,176 $11,981 $12,691 $10,947 $10,223 $8,724 $7,603 $6,910 $5,528 $5,011 $4,296
Paid-in Capital $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000
Retained Earnings ($9,550) ($9,550) ($9,550) ($9,550) ($9,550) ($9,550) ($9,550) ($9,550) ($9,550) ($9,550) ($9,550) ($9,550) ($9,550)
Earnings $0 ($256) ($297) $1,436 $2,358 $5,100 $8,457 $10,630 $12,529 $14,909 $16,386 $18,512 $21,344
Total Capital $40,450 $40,194 $40,153 $41,886 $42,808 $45,550 $48,907 $51,080 $52,979 $55,359 $56,836 $58,962 $61,794
Total Liabilities and Capital $40,450 $52,095 $51,329 $53,866 $55,500 $56,498 $59,130 $59,805 $60,582 $62,270 $62,363 $63,973 $66,089
Net Worth $40,450 $40,194 $40,153 $41,886 $42,808 $45,550 $48,907 $51,080 $52,979 $55,359 $56,836 $58,962 $61,794

Download link edge graphic Download this plan

Start your own dance studio business plan

Start your own business plan

LivePlan logo Start planning

Your business plan can look as polished and professional as this sample plan. It's fast and easy, with LivePlan.

Get the Bplans newsletter:

Expert business tips and advice delivered weekly.