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Event Planning Business Plan

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Corporate Retreat Professionals

Financial Plan

Forecast

Key Assumptions

Our key assumptions are: 

  • Personnel are the difference between customers choosing one company over the other, training is key 
  • happy bonded coworkers mean longer hours and better products 
  • there are a set number of events we need to breakeven. more will make us a profit. 
  •  

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

Start-up Expenses

Legal 1,000

Stationery etc. $300

Brochures $300

Consultants $300

Insurance $200

Rent $1,000

Office equipment $300

TOTAL START-UP EXPENSES$3,400

 

In addition we will be having $5,000 of long term assets.  The remainder of the $50,000 will be used as cash to help fund the operations. 

Sources of Funds

We will be getting $50,000 from the owner. 

Statements

Projected Profit & Loss

2018 2019 2020
Gross Margin $678,300 $868,000 $948,500
Operating Expenses
Salaries & Wages $232,800 $308,880 $310,593
Employee Related Expenses $46,560 $61,776 $62,119
Rent $30,000 $30,000 $30,000
Marketing expenses $48,450 $62,000 $67,750
Interest Incurred $1,526 $357 $96
Depreciation and Amortization $1,250 $1,250 $1,250
Gain or Loss from Sale of Assets
Income Taxes $47,657 $60,561 $71,503
Total Expenses $698,943 $896,824 $949,811
Net Profit $270,057 $343,176 $405,189

Projected Balance Sheet

Starting Balances 2018 2019 2020
Cash $41,600 $224,158 $537,029 $928,803
Accounts Receivable $182,000 $206,667 $225,834
Inventory
Other Current Assets
Total Current Assets $41,600 $406,158 $743,696 $1,154,637
Long-Term Assets $5,000 $5,000 $5,000 $5,000
Accumulated Depreciation ($1,250) ($2,500) ($3,750)
Total Long-Term Assets $5,000 $3,750 $2,500 $1,250
Accounts Payable $14,200 $19,333 $21,010
Income Taxes Payable $17,525 $15,147 $17,875
Sales Taxes Payable $0 $0 $0
Short-Term Debt $0 $11,526 $1,883 $1,979
Prepaid Revenue
Total Current Liabilities $0 $43,251 $36,363 $40,865
Long-Term Debt
Long-Term Liabilities
Paid-In Capital $50,000 $100,000 $100,000 $100,000
Retained Earnings ($3,400) ($3,400) $266,657 $609,833
Earnings $270,057 $343,176 $405,189

Projected Cash Flow Statement

2018 2019 2020
Net Cash Flow from Operations
Net Profit $270,057 $343,176 $405,189
Depreciation & Amortization $1,250 $1,250 $1,250
Change in Accounts Receivable ($182,000) ($24,667) ($19,167)
Change in Inventory
Change in Accounts Payable $14,200 $5,133 $1,677
Change in Income Tax Payable $17,525 ($2,378) $2,728
Change in Sales Tax Payable $0 $0 $0
Change in Prepaid Revenue
Investing & Financing
Assets Purchased or Sold
Investments Received $50,000
Dividends & Distributions
Change in Short-Term Debt $11,526 ($9,643) $96
Change in Long-Term Debt
Cash at Beginning of Period $41,600 $224,158 $537,029
Net Change in Cash $182,558 $312,871 $391,773

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