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Shaw's Records Management and Data Storage

Executive Summary

Shaw’s Records Management & Data Storage (Shaw’s) is a full-service, computerized records management company providing secure storage and indexing of paper records, digital media and other business-critical information, including computer disks and tapes, optical disks, microfilm, audio and video tapes, medical records, and blueprints.

Our customer’s records are safe in our 30,000 square foot facility. Our comprehensive security system features exterior and interior cameras for 24-hour monitoring of the premises.

Shaw’s personalized service includes retention schedules, data conversion and ORC, and records relocation.  We provide specially designed boxes and other supplies which make handling records easier.

At Shaw’s, we give our customers the competitive edge through state-of-the-art technology, unprecedented security and quick-response service. Our computerized facility is strategically located in the northeast corridor within easy reach of Monroe and Tracy.  The northeast corridor is home to over 5,000 companies that are constantly seeking advantage in the marketplace.

In today’s business environment, quick and easy access to critical information gives our customers a competitive advantage. By outsourcing their records management and storage to Shaw’s, they can store their records in an organized environment and improve the speed and ease of access to those records.

Martin Shaw, owner of Shaw’s Record Management and Data Storage, has over twenty years of experience in the field.  He has been instrumental in establishing record management systems with Alco Industries, Axiom, and Promerit.

Document storage business plan, executive summary chart image

1.1 Mission

The mission of Shaw’s is to assure that our customers can control all of their information, improving their regulatory compliance, and enhancing their cost effectiveness.

1.2 Objectives

Shaw’s objectives are as follows:

  • Achieve sales goal during first year of operation.
  • Achieve a customer base of 200 companies.
  • Increase sales with modest stability during the second year of operation.
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Company Summary

Shaw’s Records Management & Data Storage is a full-service, computerized records management company providing secure storage and indexing of paper records, digital media and other business-critical information. The company will be organized as a limited partnership.

Our computerized facility is strategically located in the northeast corridor within easy reach of Monroe and Tracy.  Records are safe in our 30,000 square foot facility. Our comprehensive security system features exterior and interior cameras for 24-hour monitoring of the premises. Interior doors accessing the archive are locked, as are all dock doors and gates. Intrusion alarms and motion detectors are connected to the local police department and we have 24-hour off-site alarm monitoring. Surveillance cameras monitor all activity throughout the building and the archives section is surrounded by a 20′ high wired fence with locked gates.

2.1 Company Ownership

Shaw’s is owned by Martin Shaw and an investing partner.

2.2 Start-up Summary

The start-up expense for the Shaw’s is focused primarily on equipment, storage space, and materials needed for storage.  Martin Shaw and the investing partner will contribute equally. In addition, Shaw will secure a long-term business loan.

Document storage business plan, company summary chart image

Start-up Funding
Start-up Expenses to Fund $342,600
Start-up Assets to Fund $157,400
Total Funding Required $500,000
Assets
Non-cash Assets from Start-up $0
Cash Requirements from Start-up $157,400
Additional Cash Raised $0
Cash Balance on Starting Date $157,400
Total Assets $157,400
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $150,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $150,000
Capital
Planned Investment
Martin Shaw $150,000
Silent Partner $200,000
Additional Investment Requirement $0
Total Planned Investment $350,000
Loss at Start-up (Start-up Expenses) ($342,600)
Total Capital $7,400
Total Capital and Liabilities $157,400
Total Funding $500,000
Start-up
Requirements
Start-up Expenses
Legal $2,000
Stationery etc. $600
Brochures $4,000
Insurance $1,000
Rent $5,000
Leased Equipment $180,000
Storage Space Setup $100,000
Security $50,000
Total Start-up Expenses $342,600
Start-up Assets
Cash Required $157,400
Other Current Assets $0
Long-term Assets $0
Total Assets $157,400
Total Requirements $500,000

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Products and Services

Shaw’s Records Management & Data Storage is a full-service, computerized records management company providing secure storage and indexing of paper records, digital media and other business-critical information, including computer disks and tapes, optical disks, microfilm, audio and video tapes, medical records, and  blueprints.

Shaw’s personalized service includes retention schedules, data conversion and ORC, and records relocation.  We provide specially designed boxes and other supplies which make handling records easier.

Shaw’s offers a Windows® based environment with a suite of coding and data management tools that can track a work order from the moment a container is requested until it is safely back in storage. This unique data system integrates every aspect of quality records management: request, retrieval, loading, curbside auditing, delivery validation, and return. Our system helps customers manage all their records–paper or electronic–and verifies the chain of custody at every step.

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Market Analysis Summary

The northeast corridor is home to over 5,000 companies that are constantly seeking advantage in the marketplace. These companies represented over $3 billion in cumulative sales last year alone. 

Companies located in the northeast corridor can be divided up in the following groups:

  • Small Companies: 60% of the companies located in the northeast corridor are small companies.  These companies have 50 to 150 employee and annual sales at around $5-$15 million. They represent a significant market since space and resources are critical to their growth and survival.  Outsourcing record management is an excellent solution for a growing company that wants to control record compliance cost and needs more space.
  • Medium-sized Companies: 25% of the companies located in the northeast corridor are medium-sized companies. These companies have over 300+ employees and their annual sales are between $20-50 million.  Record management is a large part of their operating budget and is usually poorly organized and inefficient.  Outsourcing record management can cap cost and improve retrieval time of critical documents.
  • Large Companies: 15% of the companies located in the northeast corridor are large companies with over 1,000+ employees.  These companies annual sales are $100-$300 million.  Record management is now at the core of the strategic performance of the company.  Archiving some percentage of cumulative records is an excellent strategy in protecting records and improving retrieval time.

4.1 Market Segmentation

Shaw’s will focus on the following target customers:

  • Small companies;
  • Medium companies;
  • Large companies.
Document storage business plan, market analysis summary chart image

Market Analysis
Year 1 Year 2 Year 3 Year 4 Year 5
Potential Customers Growth CAGR
Small Companies 2% 3,250 3,299 3,348 3,398 3,449 1.50%
Medium Companies 1% 1,750 1,762 1,774 1,786 1,799 0.69%
Large Companies 0% 250 251 252 253 254 0.40%
Total 1.18% 5,250 5,312 5,374 5,437 5,502 1.18%

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Strategy and Implementation Summary

Shaw’s Records Management and Data Storage has a strong sales advantage that will be the focus of our marketing.  The advantage is the  reputation and success of Martin Shaw in records management.  For the past ten years, Mr. Shaw has been a valuable resource for record managers in the northeast corridor.  His successes in improving the efficiency and accessibility of critical records are well documented and has been duplicated at a number of companies.

5.1 Sales Strategy

Martin Shaw will be the hub of our sales strategy.  He will visit potential customers and deliver outsourcing proposals.  Initially, Shaw’s will offer a 15% discount on storage rates for the first year.  We anticipate that first month sales will be flat.  Sales will pick up quickly in the second month.

5.1.1 Sales Forecast

The following is the sales forecast for three years.

Document storage business plan, strategy and implementation summary chart image

Document storage business plan, strategy and implementation summary chart image

Sales Forecast
Year 1 Year 2 Year 3
Sales
Storage $506,000 $590,000 $700,000
Storage Materials $138,000 $170,000 $200,000
Other $0 $0 $0
Total Sales $644,000 $760,000 $900,000
Direct Cost of Sales Year 1 Year 2 Year 3
Storage $0 $0 $0
Storage Materials $59,550 $85,000 $100,000
Other $0 $0 $0
Subtotal Direct Cost of Sales $59,550 $85,000 $100,000

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Management Summary

Shaw’s management system will be as follows:

  • Martin Shaw will be responsible for day-to-day operation of the facility.  He will also manage the sales team.
  • A facility team will oversee the record storage and retrieval.
  • A security team will be responsible for monitoring facility access.
  • A customer service Team will be responsible for processing customer’s requests.

6.1 Personnel Plan

Shaw’s personnel are as follows:

  • Martin Shaw
  • Facility manager
  • Security manager
  • Customer service manager
  • Facility/transport staff (4)
  • Security staff (2)
  • Customer service staff (2)
  • Sales staff (2)
Personnel Plan
Year 1 Year 2 Year 3
Martin Shaw $36,000 $36,000 $38,000
Facility Manager $36,000 $38,000 $40,000
Security Manager $30,000 $32,000 $34,000
Customer Service Manager $36,000 $38,000 $40,000
Facility Staff $96,000 $102,000 $108,000
Security Staff $38,400 $40,000 $42,000
Customer Service Staff $40,800 $42,000 $44,000
Sales Staff $72,000 $76,000 $80,000
Total People 14 14 14
Total Payroll $385,200 $404,000 $426,000

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Financial Plan

The following is the financial plan for Shaw’s Records Management and Data Storage.

7.1 Break-even Analysis

The monthly break-even point is calculated in the following table and chart.

Document storage business plan, financial plan chart image

Break-even Analysis
Monthly Revenue Break-even $51,695
Assumptions:
Average Percent Variable Cost 9%
Estimated Monthly Fixed Cost $46,915

7.2 Projected Profit and Loss

The following table and charts highlight the projected profit and loss for three years.

Document storage business plan, financial plan chart image

Document storage business plan, financial plan chart image

Document storage business plan, financial plan chart image

Document storage business plan, financial plan chart image

Pro Forma Profit and Loss
Year 1 Year 2 Year 3
Sales $644,000 $760,000 $900,000
Direct Cost of Sales $59,550 $85,000 $100,000
Other Production Expenses $0 $0 $0
Total Cost of Sales $59,550 $85,000 $100,000
Gross Margin $584,450 $675,000 $800,000
Gross Margin % 90.75% 88.82% 88.89%
Expenses
Payroll $385,200 $404,000 $426,000
Sales and Marketing and Other Expenses $36,000 $40,000 $50,000
Depreciation $0 $0 $0
Leased Equipment $0 $0 $0
Utilities $12,000 $12,000 $12,000
Insurance $12,000 $12,000 $12,000
Rent $60,000 $60,000 $60,000
Payroll Taxes $57,780 $60,600 $63,900
Other $0 $0 $0
Total Operating Expenses $562,980 $588,600 $623,900
Profit Before Interest and Taxes $21,470 $86,400 $176,100
EBITDA $21,470 $86,400 $176,100
Interest Expense $13,375 $10,500 $7,500
Taxes Incurred $2,428 $22,770 $50,580
Net Profit $5,666 $53,130 $118,020
Net Profit/Sales 0.88% 6.99% 13.11%

7.3 Projected Cash Flow

The following table and chart highlight the projected cash flow for three years.

Document storage business plan, financial plan chart image

Pro Forma Cash Flow
Year 1 Year 2 Year 3
Cash Received
Cash from Operations
Cash Sales $161,000 $190,000 $225,000
Cash from Receivables $347,325 $545,562 $645,505
Subtotal Cash from Operations $508,325 $735,562 $870,505
Additional Cash Received
Sales Tax, VAT, HST/GST Received $0 $0 $0
New Current Borrowing $0 $0 $0
New Other Liabilities (interest-free) $0 $0 $0
New Long-term Liabilities $0 $0 $0
Sales of Other Current Assets $0 $0 $0
Sales of Long-term Assets $0 $0 $0
New Investment Received $15,000 $0 $0
Subtotal Cash Received $523,325 $735,562 $870,505
Expenditures Year 1 Year 2 Year 3
Expenditures from Operations
Cash Spending $385,200 $404,000 $426,000
Bill Payments $224,641 $306,470 $351,615
Subtotal Spent on Operations $609,841 $710,470 $777,615
Additional Cash Spent
Sales Tax, VAT, HST/GST Paid Out $0 $0 $0
Principal Repayment of Current Borrowing $0 $0 $0
Other Liabilities Principal Repayment $0 $0 $0
Long-term Liabilities Principal Repayment $30,000 $30,000 $30,000
Purchase Other Current Assets $0 $0 $0
Purchase Long-term Assets $0 $0 $0
Dividends $0 $0 $0
Subtotal Cash Spent $639,841 $740,470 $807,615
Net Cash Flow ($116,516) ($4,908) $62,891
Cash Balance $40,884 $35,977 $98,867

7.4 Projected Balance Sheet

The following table highlights the projected balance sheet for three years.

Pro Forma Balance Sheet
Year 1 Year 2 Year 3
Assets
Current Assets
Cash $40,884 $35,977 $98,867
Accounts Receivable $135,675 $160,113 $189,608
Other Current Assets $0 $0 $0
Total Current Assets $176,559 $196,090 $288,475
Long-term Assets
Long-term Assets $0 $0 $0
Accumulated Depreciation $0 $0 $0
Total Long-term Assets $0 $0 $0
Total Assets $176,559 $196,090 $288,475
Liabilities and Capital Year 1 Year 2 Year 3
Current Liabilities
Accounts Payable $28,493 $24,893 $29,259
Current Borrowing $0 $0 $0
Other Current Liabilities $0 $0 $0
Subtotal Current Liabilities $28,493 $24,893 $29,259
Long-term Liabilities $120,000 $90,000 $60,000
Total Liabilities $148,493 $114,893 $89,259
Paid-in Capital $365,000 $365,000 $365,000
Retained Earnings ($342,600) ($336,934) ($283,804)
Earnings $5,666 $53,130 $118,020
Total Capital $28,066 $81,197 $199,217
Total Liabilities and Capital $176,559 $196,090 $288,475
Net Worth $28,067 $81,197 $199,217

7.5 Business Ratios

Business ratios for the years of this plan are shown below. Industry profile ratios based on the Standard Industrial Classification (SIC) code 4226, Special Warehouse and Storage, are shown for comparison.

Ratio Analysis
Year 1 Year 2 Year 3 Industry Profile
Sales Growth 0.00% 18.01% 18.42% 1.00%
Percent of Total Assets
Accounts Receivable 76.84% 81.65% 65.73% 23.10%
Other Current Assets 0.00% 0.00% 0.00% 22.30%
Total Current Assets 100.00% 100.00% 100.00% 46.50%
Long-term Assets 0.00% 0.00% 0.00% 53.50%
Total Assets 100.00% 100.00% 100.00% 100.00%
Current Liabilities 16.14% 12.69% 10.14% 31.00%
Long-term Liabilities 67.97% 45.90% 20.80% 25.60%
Total Liabilities 84.10% 58.59% 30.94% 56.60%
Net Worth 15.90% 41.41% 69.06% 43.40%
Percent of Sales
Sales 100.00% 100.00% 100.00% 100.00%
Gross Margin 90.75% 88.82% 88.89% 100.00%
Selling, General & Administrative Expenses 89.87% 81.83% 75.78% 79.70%
Advertising Expenses 5.59% 5.26% 5.56% 0.30%
Profit Before Interest and Taxes 3.33% 11.37% 19.57% 1.50%
Main Ratios
Current 6.20 7.88 9.86 1.50
Quick 6.20 7.88 9.86 1.22
Total Debt to Total Assets 84.10% 58.59% 30.94% 56.60%
Pre-tax Return on Net Worth 28.84% 93.48% 84.63% 3.10%
Pre-tax Return on Assets 4.58% 38.71% 58.45% 7.20%
Additional Ratios Year 1 Year 2 Year 3
Net Profit Margin 0.88% 6.99% 13.11% n.a
Return on Equity 20.19% 65.43% 59.24% n.a
Activity Ratios
Accounts Receivable Turnover 3.56 3.56 3.56 n.a
Collection Days 56 95 95 n.a
Accounts Payable Turnover 8.88 12.17 12.17 n.a
Payment Days 27 32 28 n.a
Total Asset Turnover 3.65 3.88 3.12 n.a
Debt Ratios
Debt to Net Worth 5.29 1.42 0.45 n.a
Current Liab. to Liab. 0.19 0.22 0.33 n.a
Liquidity Ratios
Net Working Capital $148,067 $171,197 $259,217 n.a
Interest Coverage 1.61 8.23 23.48 n.a
Additional Ratios
Assets to Sales 0.27 0.26 0.32 n.a
Current Debt/Total Assets 16% 13% 10% n.a
Acid Test 1.43 1.45 3.38 n.a
Sales/Net Worth 22.95 9.36 4.52 n.a
Dividend Payout 0.00 0.00 0.00 n.a

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Appendix

Sales Forecast
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
Storage 0% $0 $15,000 $20,000 $27,000 $36,000 $43,000 $50,000 $50,000 $60,000 $65,000 $70,000 $70,000
Storage Materials 0% $0 $2,000 $3,000 $5,000 $8,000 $10,000 $13,000 $15,000 $18,000 $20,000 $23,000 $21,000
Other 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Sales $0 $17,000 $23,000 $32,000 $44,000 $53,000 $63,000 $65,000 $78,000 $85,000 $93,000 $91,000
Direct Cost of Sales Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Storage $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Storage Materials $0 $1,000 $1,500 $2,500 $4,000 $5,000 $6,500 $7,500 $9,000 $10,000 $11,500 $1,050
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Direct Cost of Sales $0 $1,000 $1,500 $2,500 $4,000 $5,000 $6,500 $7,500 $9,000 $10,000 $11,500 $1,050
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
Martin Shaw 0% $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000
Facility Manager 0% $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000
Security Manager 0% $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500
Customer Service Manager 0% $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000
Facility Staff 0% $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000
Security Staff 0% $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200
Customer Service Staff 0% $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400
Sales Staff 0% $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000
Total People 14 14 14 14 14 14 14 14 14 14 14 14
Total Payroll $32,100 $32,100 $32,100 $32,100 $32,100 $32,100 $32,100 $32,100 $32,100 $32,100 $32,100 $32,100

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 $0 $17,000 $23,000 $32,000 $44,000 $53,000 $63,000 $65,000 $78,000 $85,000 $93,000 $91,000
Direct Cost of Sales $0 $1,000 $1,500 $2,500 $4,000 $5,000 $6,500 $7,500 $9,000 $10,000 $11,500 $1,050
Other Production Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost of Sales $0 $1,000 $1,500 $2,500 $4,000 $5,000 $6,500 $7,500 $9,000 $10,000 $11,500 $1,050
Gross Margin $0 $16,000 $21,500 $29,500 $40,000 $48,000 $56,500 $57,500 $69,000 $75,000 $81,500 $89,950
Gross Margin % 0.00% 94.12% 93.48% 92.19% 90.91% 90.57% 89.68% 88.46% 88.46% 88.24% 87.63% 98.85%
Expenses
Payroll $32,100 $32,100 $32,100 $32,100 $32,100 $32,100 $32,100 $32,100 $32,100 $32,100 $32,100 $32,100
Sales and Marketing and Other Expenses $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000
Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Leased Equipment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Utilities $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000
Insurance $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000
Rent $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000 $5,000
Payroll Taxes 15% $4,815 $4,815 $4,815 $4,815 $4,815 $4,815 $4,815 $4,815 $4,815 $4,815 $4,815 $4,815
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Operating Expenses $46,915 $46,915 $46,915 $46,915 $46,915 $46,915 $46,915 $46,915 $46,915 $46,915 $46,915 $46,915
Profit Before Interest and Taxes ($46,915) ($30,915) ($25,415) ($17,415) ($6,915) $1,085 $9,585 $10,585 $22,085 $28,085 $34,585 $43,035
EBITDA ($46,915) ($30,915) ($25,415) ($17,415) ($6,915) $1,085 $9,585 $10,585 $22,085 $28,085 $34,585 $43,035
Interest Expense $1,229 $1,208 $1,188 $1,167 $1,146 $1,125 $1,104 $1,083 $1,063 $1,042 $1,021 $1,000
Taxes Incurred ($14,443) ($9,637) ($7,981) ($5,575) ($2,418) ($12) $2,544 $2,850 $6,307 $8,113 $10,069 $12,611
Net Profit ($33,701) ($22,486) ($18,622) ($13,007) ($5,643) ($28) $5,937 $6,651 $14,716 $18,930 $23,495 $29,425
Net Profit/Sales 0.00% -132.27% -80.96% -40.65% -12.82% -0.05% 9.42% 10.23% 18.87% 22.27% 25.26% 32.33%

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 $0 $4,250 $5,750 $8,000 $11,000 $13,250 $15,750 $16,250 $19,500 $21,250 $23,250 $22,750
Cash from Receivables $0 $0 $425 $12,900 $17,475 $24,300 $33,225 $40,000 $47,300 $49,075 $58,675 $63,950
Subtotal Cash from Operations $0 $4,250 $6,175 $20,900 $28,475 $37,550 $48,975 $56,250 $66,800 $70,325 $81,925 $86,700
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 $15,000 $0 $0 $0 $0 $0 $0
Subtotal Cash Received $0 $4,250 $6,175 $20,900 $28,475 $52,550 $48,975 $56,250 $66,800 $70,325 $81,925 $86,700
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 $32,100 $32,100 $32,100 $32,100 $32,100 $32,100 $32,100 $32,100 $32,100 $32,100 $32,100 $32,100
Bill Payments $53 $1,794 $7,458 $9,635 $13,062 $17,655 $21,063 $25,006 $26,413 $31,277 $34,084 $37,141
Subtotal Spent on Operations $32,153 $33,894 $39,558 $41,735 $45,162 $49,755 $53,163 $57,106 $58,513 $63,377 $66,184 $69,241
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 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500
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 $34,653 $36,394 $42,058 $44,235 $47,662 $52,255 $55,663 $59,606 $61,013 $65,877 $68,684 $71,741
Net Cash Flow ($34,653) ($32,144) ($35,883) ($23,335) ($19,187) $295 ($6,688) ($3,356) $5,787 $4,448 $13,241 $14,959
Cash Balance $122,747 $90,603 $54,720 $31,386 $12,199 $12,494 $5,806 $2,450 $8,237 $12,684 $25,925 $40,884
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 $157,400 $122,747 $90,603 $54,720 $31,386 $12,199 $12,494 $5,806 $2,450 $8,237 $12,684 $25,925 $40,884
Accounts Receivable $0 $0 $12,750 $29,575 $40,675 $56,200 $71,650 $85,675 $94,425 $105,625 $120,300 $131,375 $135,675
Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Current Assets $157,400 $122,747 $103,353 $84,295 $72,061 $68,399 $84,144 $91,481 $96,875 $113,862 $132,984 $157,300 $176,559
Long-term Assets
Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Accumulated Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Assets $157,400 $122,747 $103,353 $84,295 $72,061 $68,399 $84,144 $91,481 $96,875 $113,862 $132,984 $157,300 $176,559
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 $1,548 $7,140 $9,204 $12,477 $16,958 $20,230 $24,131 $25,374 $30,145 $32,837 $36,158 $28,493
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 $1,548 $7,140 $9,204 $12,477 $16,958 $20,230 $24,131 $25,374 $30,145 $32,837 $36,158 $28,493
Long-term Liabilities $150,000 $147,500 $145,000 $142,500 $140,000 $137,500 $135,000 $132,500 $130,000 $127,500 $125,000 $122,500 $120,000
Total Liabilities $150,000 $149,048 $152,140 $151,704 $152,477 $154,458 $155,230 $156,631 $155,374 $157,645 $157,837 $158,658 $148,493
Paid-in Capital $350,000 $350,000 $350,000 $350,000 $350,000 $350,000 $365,000 $365,000 $365,000 $365,000 $365,000 $365,000 $365,000
Retained Earnings ($342,600) ($342,600) ($342,600) ($342,600) ($342,600) ($342,600) ($342,600) ($342,600) ($342,600) ($342,600) ($342,600) ($342,600) ($342,600)
Earnings $0 ($33,701) ($56,187) ($74,809) ($87,816) ($93,459) ($93,487) ($87,550) ($80,899) ($66,183) ($47,253) ($23,758) $5,666
Total Capital $7,400 ($26,301) ($48,787) ($67,409) ($80,416) ($86,059) ($71,087) ($65,150) ($58,499) ($43,783) ($24,853) ($1,358) $28,066
Total Liabilities and Capital $157,400 $122,747 $103,353 $84,295 $72,061 $68,399 $84,144 $91,481 $96,875 $113,862 $132,984 $157,300 $176,559
Net Worth $7,400 ($26,301) ($48,787) ($67,409) ($80,416) ($86,059) ($71,087) ($65,150) ($58,499) ($43,783) ($24,853) ($1,358) $28,067

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