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Hunting & Fishing icon Fishing Shop Business Plan

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McKenzie Tackle and Bait Shop

Executive Summary

Located off Highway 126, next to the new Oakridge Plaza, McKenzie Tackle and Bait Shop will offer a convenient one-stop resource for all fishing products to travelers heading into the McKenzie National Parks System. Highway 126 is the gateway to over 130 public fishing locations and the Oakridge Plaza is the last commercial shopping and dining area before entering the McKenzie National Parks System. McKenzie Tackle and Bait Shop will capitalize on its location to pull in customers. It will offer a wide selection of fishing products as well as information on fishing conditions.

Brad West, owner of McKenzie Tackle and Bait Shop, has been an avid fisherman in the area for the past 25 years.  He knows all the area’s best fishing locations and has managed two fishing tackle and bait shops in the past seven years.

Fishing shop business plan, executive summary chart image

1.1 Objectives

  • To become a familiar and essential shopping destination for travelers heading out for a day of fishing.
  • Build a customer base that will grow each year.
  • Offer exceptional service and products to both the experienced and novice fishing enthusiast.

1.2 Keys to Success

The keys to success for McKenzie Tackle and Bait Shop are the following:

  • Location: McKenzie Tackle and Bait Shop is located off Highway 126, next to the new Oakridge Plaza. Highway 126 is the gateway to over 130 public fishing locations in the McKenzie National Park System. Oakridge Plaza is the last commercial shopping and dining location before entering the McKenzie National Park System. Many travelers routinely stop in the plaza at the beginning and end of their day in the park system.
  • Service: Brad West, owner of McKenzie Tackle and Bait Shop, knows that customers are not in his shop to browse. They need the right product or the best information on where to fish. McKenzie Tackle and Bait Shop will offer exceptional service and get the customers on their way so they can enjoy a day of fishing.

1.3 Mission

The mission of McKenzie Tackle and Bait Shop is to be the best, most visible, fishing product and information resource in the McKenzie National Parks area. We want travelers to plan stopping at our store as a important step in their day of fishing.

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Company Summary

McKenzie Tackle and Bait Shop will offer a convenient one-stop resource for all fishing products to travelers heading into the McKenzie National Parks System. The shop will be open April to November.

2.1 Company Ownership

McKenzie Tackle and Bait Shop is a sole proprietorship owned by Brad West.

2.2 Start-up Summary

Estimated start-up costs and expenses are set forth below. The start-up costs are to be financed by Brad West’s personal investment.

Fishing shop business plan, company summary chart image

Start-up Funding
Start-up Expenses to Fund $12,300
Start-up Assets to Fund $12,700
Total Funding Required $25,000
Assets
Non-cash Assets from Start-up $0
Cash Requirements from Start-up $12,700
Additional Cash Raised $0
Cash Balance on Starting Date $12,700
Total Assets $12,700
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $0
Capital
Planned Investment
Brad West $25,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $25,000
Loss at Start-up (Start-up Expenses) ($12,300)
Total Capital $12,700
Total Capital and Liabilities $12,700
Total Funding $25,000
Start-up
Requirements
Start-up Expenses
Legal $500
Insurance $0
Rent $800
Inventory $7,000
Display Equipment $2,000
Store Sign $2,000
Other $0
Total Start-up Expenses $12,300
Start-up Assets
Cash Required $12,700
Start-up Inventory $0
Other Current Assets $0
Long-term Assets $0
Total Assets $12,700
Total Requirements $25,000

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Products

Store products include:

  • Fly rods and reels.
  • Lines-leaders-tippets.
  • Fishing gadgets-net/retractors.
  • Fishing footgear.
  • Raingear.
  • Maps.
  • Flies and fly tying materials.
  • Gear bags.
  • Tubes.
  • Misc: drinks, snacks, souvenirs, etc.
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Market Analysis Summary

The McKenzie National Park System is dotted with a number of small fishing tackle and bait shops on small roads around the park system. Most of them only serve a few fishing areas and have irregular operating hours. Highway 126 is the only main traffic artery into the park system and yet there are currently no other tackle and bait shop located on Highway 126.  This is because the closest commercial center to the park system, Oakridge Plaza, is eight miles from the park’s entrance. Over 90% of the park visitors use Highway 126 to access the park system. Last year, the park system welcomed 100,000 fishing enthusiasts.

These enthusiasts were typically male between the ages of 20-45 years old.  A fishing party of three to five is the norm for the area. Approximately 70% of these fishing enthusiasts visit the park system several times a year and develop strong customer relationships with the area’s businesses.

The McKenzie Tackle and Bait Shop will create a base of loyal customers with quality service and fishing information that customers will come to depend.

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Strategy and Implementation Summary

Highway 126 is a four-lane highway running north to the park system and south to the town of Mapleton.  The McKenzie Tackle and Bait Shop is located just off the northbound lanes and is next to the Oakridge Plaza.  The shop will erect a large sign to grab customer attention to its location.

Once in the store, Brad West will provide the exceptional service that will build a loyal customer base.

5.1 Competitive Edge

McKenzie Tackle and Bait Shop’s competitive edge is two-fold:

  • Location: McKenzie Tackle and Bait Shop is located off Highway 126, next to the new Oakridge Plaza. Highway 126 is the gateway to over 130 public fishing locations in the McKenzie National Park System. Many travelers routinely stop in the plaza at the beginning and the end of their day in the park system.
  • Service: Brad West has the experience to provide exceptional service.

5.2 Sales Strategy

The key to customer satisfaction is a customer-friendly store that is easy to navigate and has knowledgeable people to help customers find what they want quickly. 

5.2.1 Sales Forecast

The following is the sales forecast for three years. The monthly estimates for the first year are included in the appendices.

Fishing shop business plan, strategy and implementation summary chart image

Fishing shop business plan, strategy and implementation summary chart image

Sales Forecast
Year 1 Year 2 Year 3
Sales
Fishing Products $48,400 $60,000 $70,000
Misc $7,600 $8,000 $9,000
Total Sales $56,000 $68,000 $79,000
Direct Cost of Sales Year 1 Year 2 Year 3
Fishing Products $7,000 $9,000 $10,000
Misc $1,500 $1,750 $2,000
Subtotal Direct Cost of Sales $8,500 $10,750 $12,000

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Personnel Plan

Brad West will operate the shop without any additional staff.

Personnel Plan
Year 1 Year 2 Year 3
Brad West $24,000 $28,000 $35,000
Other $0 $0 $0
Total People 1 1 1
Total Payroll $24,000 $28,000 $35,000

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Financial Plan

The following sections will outline the important financial assumptions, break-even analysis, profit and loss, cash flow, and the balance sheet.

7.1 Break-even Analysis

The break-even analysis indicates what is needed in monthly revenue to break even.

Fishing shop business plan, financial plan chart image

Break-even Analysis
Monthly Revenue Break-even $4,595
Assumptions:
Average Percent Variable Cost 15%
Estimated Monthly Fixed Cost $3,898

7.2 Projected Profit and Loss

The following table and charts will highlight projected profit and loss. The appendices include first year monthly P & L estimates.

Fishing shop business plan, financial plan chart image

Fishing shop business plan, financial plan chart image

Fishing shop business plan, financial plan chart image

Fishing shop business plan, financial plan chart image

Pro Forma Profit and Loss
Year 1 Year 2 Year 3
Sales $56,000 $68,000 $79,000
Direct Cost of Sales $8,500 $10,750 $12,000
Other Production Expenses $0 $0 $0
Total Cost of Sales $8,500 $10,750 $12,000
Gross Margin $47,500 $57,250 $67,000
Gross Margin % 84.82% 84.19% 84.81%
Expenses
Payroll $24,000 $28,000 $35,000
Sales and Marketing and Other Expenses $8,000 $10,000 $11,000
Depreciation $0 $0 $0
Leased Equipment $0 $0 $0
Utilities $1,470 $1,800 $1,800
Insurance $0 $0 $0
Rent $9,700 $9,700 $9,700
Payroll Taxes $3,600 $4,200 $5,250
Other $0 $0 $0
Total Operating Expenses $46,770 $53,700 $62,750
Profit Before Interest and Taxes $730 $3,550 $4,250
EBITDA $730 $3,550 $4,250
Interest Expense $0 $0 $0
Taxes Incurred $219 $1,065 $1,275
Net Profit $511 $2,485 $2,975
Net Profit/Sales 0.91% 3.65% 3.77%

7.3 Projected Cash Flow

The following is the projected cash flow for three years. First year monthlies are in the appendix.

Fishing shop business plan, financial plan chart image

Pro Forma Cash Flow
Year 1 Year 2 Year 3
Cash Received
Cash from Operations
Cash Sales $56,000 $68,000 $79,000
Subtotal Cash from Operations $56,000 $68,000 $79,000
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 $0 $0 $0
Subtotal Cash Received $56,000 $68,000 $79,000
Expenditures Year 1 Year 2 Year 3
Expenditures from Operations
Cash Spending $24,000 $28,000 $35,000
Bill Payments $32,132 $35,243 $40,920
Subtotal Spent on Operations $56,132 $63,243 $75,920
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 $0 $0 $0
Purchase Other Current Assets $0 $0 $0
Purchase Long-term Assets $0 $0 $0
Dividends $0 $0 $0
Subtotal Cash Spent $56,132 $63,243 $75,920
Net Cash Flow ($132) $4,757 $3,080
Cash Balance $12,568 $17,325 $20,405

7.4 Projected Balance Sheet

The following is the projected balance sheet for three years. The first year monthly projections can be seen in the appendix.

Pro Forma Balance Sheet
Year 1 Year 2 Year 3
Assets
Current Assets
Cash $12,568 $17,325 $20,405
Inventory $1,170 $1,480 $1,652
Other Current Assets $0 $0 $0
Total Current Assets $13,738 $18,805 $22,057
Long-term Assets
Long-term Assets $0 $0 $0
Accumulated Depreciation $0 $0 $0
Total Long-term Assets $0 $0 $0
Total Assets $13,738 $18,805 $22,057
Liabilities and Capital Year 1 Year 2 Year 3
Current Liabilities
Accounts Payable $527 $3,109 $3,386
Current Borrowing $0 $0 $0
Other Current Liabilities $0 $0 $0
Subtotal Current Liabilities $527 $3,109 $3,386
Long-term Liabilities $0 $0 $0
Total Liabilities $527 $3,109 $3,386
Paid-in Capital $25,000 $25,000 $25,000
Retained Earnings ($12,300) ($11,789) ($9,304)
Earnings $511 $2,485 $2,975
Total Capital $13,211 $15,696 $18,671
Total Liabilities and Capital $13,738 $18,805 $22,057
Net Worth $13,211 $15,696 $18,671

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 5091, Sporting & Recreational Goods, are shown for comparison.

Ratio Analysis
Year 1 Year 2 Year 3 Industry Profile
Sales Growth 0.00% 21.43% 16.18% 11.50%
Percent of Total Assets
Inventory 8.52% 7.87% 7.49% 28.00%
Other Current Assets 0.00% 0.00% 0.00% 29.00%
Total Current Assets 100.00% 100.00% 100.00% 88.70%
Long-term Assets 0.00% 0.00% 0.00% 11.30%
Total Assets 100.00% 100.00% 100.00% 100.00%
Current Liabilities 3.83% 16.53% 15.35% 38.00%
Long-term Liabilities 0.00% 0.00% 0.00% 9.00%
Total Liabilities 3.83% 16.53% 15.35% 47.00%
Net Worth 96.17% 83.47% 84.65% 53.00%
Percent of Sales
Sales 100.00% 100.00% 100.00% 100.00%
Gross Margin 84.82% 84.19% 84.81% 23.00%
Selling, General & Administrative Expenses 83.91% 80.54% 81.04% 14.80%
Advertising Expenses 14.29% 14.71% 13.92% 0.70%
Profit Before Interest and Taxes 1.30% 5.22% 5.38% 2.00%
Main Ratios
Current 26.08 6.05 6.51 2.19
Quick 23.86 5.57 6.03 1.22
Total Debt to Total Assets 3.83% 16.53% 15.35% 47.00%
Pre-tax Return on Net Worth 5.53% 22.62% 22.76% 5.30%
Pre-tax Return on Assets 5.31% 18.88% 19.27% 10.10%
Additional Ratios Year 1 Year 2 Year 3
Net Profit Margin 0.91% 3.65% 3.77% n.a
Return on Equity 3.87% 15.83% 15.93% n.a
Activity Ratios
Inventory Turnover 9.23 8.11 7.66 n.a
Accounts Payable Turnover 61.99 12.17 12.17 n.a
Payment Days 27 18 29 n.a
Total Asset Turnover 4.08 3.62 3.58 n.a
Debt Ratios
Debt to Net Worth 0.04 0.20 0.18 n.a
Current Liab. to Liab. 1.00 1.00 1.00 n.a
Liquidity Ratios
Net Working Capital $13,211 $15,696 $18,671 n.a
Interest Coverage 0.00 0.00 0.00 n.a
Additional Ratios
Assets to Sales 0.25 0.28 0.28 n.a
Current Debt/Total Assets 4% 17% 15% n.a
Acid Test 23.86 5.57 6.03 n.a
Sales/Net Worth 4.24 4.33 4.23 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
Fishing Products 0% $0 $0 $0 $4,000 $5,400 $6,000 $6,000 $7,000 $8,000 $7,000 $5,000 $0
Misc 0% $0 $0 $0 $800 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $800 $0
Total Sales $0 $0 $0 $4,800 $6,400 $7,000 $7,000 $8,000 $9,000 $8,000 $5,800 $0
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
Fishing Products $0 $0 $0 $700 $800 $800 $900 $1,000 $800 $1,000 $600 $400
Misc $0 $0 $0 $150 $200 $200 $200 $200 $200 $200 $150 $0
Subtotal Direct Cost of Sales $0 $0 $0 $850 $1,000 $1,000 $1,100 $1,200 $1,000 $1,200 $750 $400
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
Brad West 0% $0 $0 $0 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $0
Other 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total People 0 0 0 1 1 1 1 1 1 1 1 1
Total Payroll $0 $0 $0 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $0

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 $0 $0 $4,800 $6,400 $7,000 $7,000 $8,000 $9,000 $8,000 $5,800 $0
Direct Cost of Sales $0 $0 $0 $850 $1,000 $1,000 $1,100 $1,200 $1,000 $1,200 $750 $400
Other Production Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost of Sales $0 $0 $0 $850 $1,000 $1,000 $1,100 $1,200 $1,000 $1,200 $750 $400
Gross Margin $0 $0 $0 $3,950 $5,400 $6,000 $5,900 $6,800 $8,000 $6,800 $5,050 ($400)
Gross Margin % 0.00% 0.00% 0.00% 82.29% 84.38% 85.71% 84.29% 85.00% 88.89% 85.00% 87.07% 0.00%
Expenses
Payroll $0 $0 $0 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $0
Sales and Marketing and Other Expenses $0 $0 $0 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $0
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 $40 $40 $40 $150 $150 $150 $150 $150 $150 $150 $150 $150
Insurance $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Rent $900 $800 $800 $800 $800 $800 $800 $800 $800 $800 $800 $800
Payroll Taxes 15% $0 $0 $0 $450 $450 $450 $450 $450 $450 $450 $450 $0
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Operating Expenses $940 $840 $840 $5,400 $5,400 $5,400 $5,400 $5,400 $5,400 $5,400 $5,400 $950
Profit Before Interest and Taxes ($940) ($840) ($840) ($1,450) $0 $600 $500 $1,400 $2,600 $1,400 ($350) ($1,350)
EBITDA ($940) ($840) ($840) ($1,450) $0 $600 $500 $1,400 $2,600 $1,400 ($350) ($1,350)
Interest Expense $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Taxes Incurred ($282) ($252) ($252) ($435) $0 $180 $150 $420 $780 $420 ($105) ($405)
Net Profit ($658) ($588) ($588) ($1,015) $0 $420 $350 $980 $1,820 $980 ($245) ($945)
Net Profit/Sales 0.00% 0.00% 0.00% -21.15% 0.00% 6.00% 5.00% 12.25% 20.22% 12.25% -4.22% 0.00%

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 $0 $0 $4,800 $6,400 $7,000 $7,000 $8,000 $9,000 $8,000 $5,800 $0
Subtotal Cash from Operations $0 $0 $0 $4,800 $6,400 $7,000 $7,000 $8,000 $9,000 $8,000 $5,800 $0
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 $0 $0 $0 $0 $0 $0 $0
Subtotal Cash Received $0 $0 $0 $4,800 $6,400 $7,000 $7,000 $8,000 $9,000 $8,000 $5,800 $0
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 $0 $0 $0 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $0
Bill Payments $22 $656 $588 $693 $3,744 $3,566 $3,586 $3,772 $4,132 $4,175 $3,996 $3,203
Subtotal Spent on Operations $22 $656 $588 $3,693 $6,744 $6,566 $6,586 $6,772 $7,132 $7,175 $6,996 $3,203
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 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
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 $22 $656 $588 $3,693 $6,744 $6,566 $6,586 $6,772 $7,132 $7,175 $6,996 $3,203
Net Cash Flow ($22) ($656) ($588) $1,107 ($344) $435 $414 $1,228 $1,868 $825 ($1,196) ($3,203)
Cash Balance $12,678 $12,022 $11,434 $12,541 $12,197 $12,632 $13,046 $14,273 $16,142 $16,967 $15,771 $12,568
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 $12,700 $12,678 $12,022 $11,434 $12,541 $12,197 $12,632 $13,046 $14,273 $16,142 $16,967 $15,771 $12,568
Inventory $0 $0 $0 $0 $935 $1,100 $1,100 $1,210 $1,320 $1,320 $1,320 $1,570 $1,170
Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Current Assets $12,700 $12,678 $12,022 $11,434 $13,476 $13,297 $13,732 $14,256 $15,593 $17,462 $18,287 $17,341 $13,738
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 $12,700 $12,678 $12,022 $11,434 $13,476 $13,297 $13,732 $14,256 $15,593 $17,462 $18,287 $17,341 $13,738
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 $636 $568 $568 $3,625 $3,446 $3,461 $3,635 $3,992 $4,041 $3,886 $3,185 $527
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 $636 $568 $568 $3,625 $3,446 $3,461 $3,635 $3,992 $4,041 $3,886 $3,185 $527
Long-term Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Liabilities $0 $636 $568 $568 $3,625 $3,446 $3,461 $3,635 $3,992 $4,041 $3,886 $3,185 $527
Paid-in Capital $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000
Retained Earnings ($12,300) ($12,300) ($12,300) ($12,300) ($12,300) ($12,300) ($12,300) ($12,300) ($12,300) ($12,300) ($12,300) ($12,300) ($12,300)
Earnings $0 ($658) ($1,246) ($1,834) ($2,849) ($2,849) ($2,429) ($2,079) ($1,099) $721 $1,701 $1,456 $511
Total Capital $12,700 $12,042 $11,454 $10,866 $9,851 $9,851 $10,271 $10,621 $11,601 $13,421 $14,401 $14,156 $13,211
Total Liabilities and Capital $12,700 $12,678 $12,022 $11,434 $13,476 $13,297 $13,732 $14,256 $15,593 $17,462 $18,287 $17,341 $13,738
Net Worth $12,700 $12,042 $11,454 $10,866 $9,851 $9,851 $10,271 $10,621 $11,601 $13,421 $14,401 $14,156 $13,211

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