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Premiere Electric

Financial Plan

Forecast

Key Assumptions

Our key assumptions are: 

  • Buildings need electricity 
  • Electricity wires fray and need repair 
  • As technology gets more advanced it needs more electricity to accomplish its tasks
  • Tech boom never dies, just changes. We will always have customers looking for services 

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 Startup Expenses are: 

Stationery etc.$100

Brochures$200

Start-up Inventory$10,000

TOTAL $10,300

Sources of Funds

We will be getting $69,000. Robin will invest $47,000 and we will get a $22,000 long term loan to cover the inventory as well as some machinery. 

Statements

Projected Profit & Loss

2018 2019 2020
Gross Margin $133,770 $157,500 $180,600
Operating Expenses
Salaries & Wages $48,000 $48,960 $49,939
Employee Related Expenses $9,600 $9,792 $9,988
Leased Equipment $12,000 $12,000 $12,000
Utilities $7,800 $7,800 $7,800
Rent $36,000 $36,000 $36,000
Sales $7,644 $9,000 $10,320
Marketing $7,644 $9,000 $10,320
Interest Incurred $794 $600 $398
Depreciation and Amortization $7,333 $7,334 $7,333
Gain or Loss from Sale of Assets
Income Taxes $0 $0 $0
Total Expenses $385,245 $432,985 $479,499
Net Profit ($3,045) $17,015 $36,501

Projected Balance Sheet

Starting Balances 2018 2019 2020
Cash $36,700 $13,095 $33,137 $68,169
Accounts Receivable $39,300 $37,500 $43,000
Inventory $24,375 $27,950 $27,950
Other Current Assets
Total Current Assets $36,700 $76,770 $98,587 $139,119
Long-Term Assets $22,000 $22,000 $22,000 $22,000
Accumulated Depreciation ($7,333) ($14,667) ($22,000)
Total Long-Term Assets $22,000 $14,667 $7,333 $0
Accounts Payable $40,532 $42,945 $44,788
Income Taxes Payable $0 $0 $0
Sales Taxes Payable $0 $0 $0
Short-Term Debt $4,750 $4,944 $5,145 $5,355
Prepaid Revenue
Total Current Liabilities $4,750 $45,476 $48,091 $50,143
Long-Term Debt $17,250 $12,306 $7,160 $1,805
Long-Term Liabilities $17,250 $12,306 $7,160 $1,805
Paid-In Capital $47,000 $47,000 $47,000 $47,000
Retained Earnings ($10,300) ($10,300) ($13,345) $3,670
Earnings ($3,045) $17,015 $36,501

Projected Cash Flow Statement

2018 2019 2020
Net Cash Flow from Operations
Net Profit ($3,045) $17,015 $36,501
Depreciation & Amortization $7,333 $7,333 $7,333
Change in Accounts Receivable ($39,300) $1,800 ($5,500)
Change in Inventory ($24,375) ($3,575) $0
Change in Accounts Payable $40,532 $2,413 $1,842
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
Investments Received
Dividends & Distributions
Change in Short-Term Debt $194 $201 $210
Change in Long-Term Debt ($4,944) ($5,145) ($5,355)
Cash at Beginning of Period $36,700 $13,095 $33,137
Net Change in Cash ($23,605) $20,042 $35,031