Safe Kids Child Care
Financial Plan
Forecast
Key Assumptions
Our key assumptions are:
- 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.
- Adults sometimes have emergencies and they need to have a place to leave their children when they can’t be with them
- 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
Expenses by Month
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 |