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Day Care icon Day Care Business Plan

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Safe Kids Child Care

Financial Plan

Forecast

Key Assumptions

Our key assumptions are: 

  1. There are children from families where both parents work or need to work. The children need somewhere safe and enriching where they can grow and make friends while their parents get a chance to get back to him.
  2. Adults sometimes have emergencies and they need to have a place to leave their children when they can’t be with them 
  3. The community appreciates the it takes a village mentality. They appreciate we have resources and experts that will answer their questions. We assume they will come to us if they need help, we won’t go out of our way to advise. 

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

Our Start-up Expenses are $3000 including: 

Legal $1,000

Brochures $350

Stationery etc. $100

Activity Supplies $250

Food Preparation Supplies $300

First Aid Supplies $200

Cleaning Supplies $150

Nap Time Bedding $250

Other $400

Sources of Funds

Our two owners will put up 20,000 dollars each, totaling 40,000. 

Statements

Projected Profit & Loss

2020 2021 2022
Revenue $696,000 $875,000 $1,092,000
Direct Costs $117,240 $80,000 $88,680
Gross Margin $578,760 $795,000 $1,003,320
Gross Margin % 83% 91% 92%
Operating Expenses
Salaries & Wages $381,000 $559,800 $658,218
Employee Related Expenses $76,200 $111,960 $131,644
Leased Equipment $1,800 $1,800 $1,800
Certifications $2,400 $2,400 $2,400
Utilities $1,800 $1,800 $1,800
Insurance $3,000 $3,000 $3,000
Rent $24,000 $24,000 $24,000
Startup Expenses – Listed in Use of Funds $3,000
Total Operating Expenses $493,200 $704,760 $822,862
Operating Income $85,560 $90,240 $180,458
Interest Incurred
Depreciation and Amortization
Gain or Loss from Sale of Assets
Income Taxes $6,845 $7,219 $14,437
Total Expenses $617,285 $791,979 $925,979
Net Profit $78,715 $83,021 $166,021
Net Profit/Sales 11% 9% 15%

Projected Balance Sheet

2020 2021 2022
Cash $139,493 $168,779 $190,402
Accounts Receivable $0 $0 $0
Inventory
Other Current Assets
Total Current Assets $139,493 $168,779 $190,402
Long-Term Assets
Accumulated Depreciation
Total Long-Term Assets
Total Assets $139,493 $168,779 $190,402
Accounts Payable $0 $0 $0
Income Taxes Payable $3,689 $1,766 $3,570
Sales Taxes Payable $17,089 $15,277 $19,075
Short-Term Debt
Prepaid Revenue
Total Current Liabilities $20,778 $17,043 $22,645
Long-Term Debt
Long-Term Liabilities
Total Liabilities $20,778 $17,043 $22,645
Paid-In Capital $40,000 $40,000 $40,000
Retained Earnings $28,715 ($38,264)
Earnings $78,715 $83,021 $166,021
Total Owner’s Equity $118,715 $151,736 $167,757
Total Liabilities & Equity $139,493 $168,779 $190,402

Projected Cash Flow Statement

2020 2021 2022
Net Cash Flow from Operations
Net Profit $78,715 $83,021 $166,021
Depreciation & Amortization
Change in Accounts Receivable $0 $0 $0
Change in Inventory
Change in Accounts Payable $0 $0 $0
Change in Income Tax Payable $3,689 ($1,923) $1,804
Change in Sales Tax Payable $17,089 ($1,812) $3,798
Change in Prepaid Revenue
Net Cash Flow from Operations $99,493 $79,286 $171,623
Investing & Financing
Assets Purchased or Sold
Net Cash from Investing
Investments Received $40,000
Dividends & Distributions ($50,000) ($150,000)
Change in Short-Term Debt
Change in Long-Term Debt
Net Cash from Financing $40,000 ($50,000) ($150,000)
Cash at Beginning of Period $0 $139,493 $168,779
Net Change in Cash $139,493 $29,286 $21,623
Cash at End of Period $139,493 $168,779 $190,402