General Freight Trucking Business Plan

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Mike's Trucking Service

Financial Plan

Forecast

Key Assumptions

Our assumptions:

  • Trucks are the best way to get food and supplies 
  • The market will pay the prices needed to support the trucks 

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

Sources of Funds

This business is owner operated and owner funded. 

Statements

Projected Profit & Loss

2020 2021 2022
Gross Margin $122,400 $178,800 $291,600
Operating Expenses
Salaries & Wages $79,200 $132,192 $187,271
Employee Related Expenses $15,840 $26,438 $37,455
Sales and Marketing $2,380 $1,500 $1,500
Utilities $2,400 $2,400 $2,400
Insurance $4,800 $4,800 $4,800
Interest Incurred $1,949 $1,183 $950
Depreciation and Amortization $3,600 $3,600 $3,600
Gain or Loss from Sale of Assets
Income Taxes $1,835 $1,003 $8,043
Total Expenses $193,604 $292,316 $440,418
Net Profit $10,396 $5,684 $45,582

Projected Balance Sheet

Starting Balances 2020 2021 2022
Cash $105,000 $91,370 $93,711 $131,140
Accounts Receivable $10,000 $26,400 $29,800 $48,600
Inventory
Other Current Assets
Total Current Assets $115,000 $117,770 $123,511 $179,740
Long-Term Assets $40,000 $40,000 $40,000 $40,000
Accumulated Depreciation ($4,000) ($7,600) ($11,200) ($14,800)
Total Long-Term Assets $36,000 $32,400 $28,800 $25,200
Accounts Payable $3,500 $14,167 $15,828 $25,134
Income Taxes Payable $1,672 $254 $2,013
Sales Taxes Payable $0 $0 $0
Short-Term Debt $23,565 $3,785 $4,018 $4,266
Prepaid Revenue
Total Current Liabilities $27,065 $19,624 $20,100 $31,413
Long-Term Debt $21,435 $17,650 $13,632 $9,366
Long-Term Liabilities $21,435 $17,650 $13,632 $9,366
Paid-In Capital $105,000 $105,000 $105,000 $105,000
Retained Earnings ($2,500) ($2,500) $7,896 $13,580
Earnings $10,396 $5,683 $45,582

Projected Cash Flow Statement

2020 2021 2022
Net Cash Flow from Operations
Net Profit $10,396 $5,684 $45,582
Depreciation & Amortization $3,600 $3,600 $3,600
Change in Accounts Receivable ($16,400) ($3,400) ($18,800)
Change in Inventory
Change in Accounts Payable $10,667 $1,661 $9,306
Change in Income Tax Payable $1,672 ($1,418) $1,759
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 ($19,780) $233 $248
Change in Long-Term Debt ($3,785) ($4,018) ($4,266)
Cash at Beginning of Period $105,000 $91,370 $93,711
Net Change in Cash ($13,630) $2,341 $37,429
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