Nightclub Business Plan

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The Spot

Financial Plan

Forecast

Key Assumptions

Our Key assumptions are: 

  • College kids like to go out and dance and drink 
  • They can pay some entrance fees but there is a threshold (ie too high) 
  • Our survival is based on popularity / the place to be. We keep key people happy and we will keep our club full. 

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 listed in retained earning december 2017: 

Legal $2,000

Stationery etc. $500

Insurance $1,000

Rent $4,000

Interior Refit $30,000

Expensed Equipment $20,000

Air Cond. Upgrade $5,000

Audio/Lighting $10,000

Bar Equipment/Supply $10,000

Fees and Permits $7,000

Bathroom Upgrades $5,000

Initial Marketing $3,000

Opening Salaries Deposits $15,000

TOTAL START-UP EXPENSES$112,500

Sources of Funds

We will be getting $210,000 from the three co owners: 

Robert Shaw $70,000

Jill Morse $70,000

Sheila Thompson $70,000

Statements

Projected Profit & Loss

2020 2021 2022
Gross Margin $1,133,760 $1,262,640 $1,338,871
Operating Expenses
Salaries & Wages $523,200 $533,664 $544,334
Employee Related Expenses $104,640 $106,733 $108,867
Rent $48,000 $48,000 $48,000
Utilities $3,600 $3,600 $3,600
Insurance $12,000 $12,000 $12,000
Leased Equipment $36,000 $36,000 $36,000
Sales $14,400 $14,400 $14,400
Marketing $9,000 $9,000 $9,000
Interest Incurred $2,767 $2,052 $389
Depreciation and Amortization $2,857 $2,857 $2,857
Gain or Loss from Sale of Assets
Income Taxes $56,594 $74,150 $83,914
Total Expenses $1,375,648 $1,454,816 $1,505,940
Net Profit $320,702 $420,184 $475,510

Projected Balance Sheet

Starting Balances 2020 2021 2022
Cash $77,500 $310,295 $680,490 $1,149,490
Accounts Receivable $0 $0 $0
Inventory $204,122 $214,194 $214,197
Other Current Assets
Total Current Assets $77,500 $514,417 $894,684 $1,363,687
Long-Term Assets $20,000 $20,000 $20,000 $20,000
Accumulated Depreciation ($2,857) ($5,714) ($8,571)
Total Long-Term Assets $20,000 $17,143 $14,286 $11,429
Accounts Payable $38,607 $40,193 $40,193
Income Taxes Payable $21,984 $18,571 $20,985
Sales Taxes Payable
Short-Term Debt $0 $52,767 $11,819 $41
Prepaid Revenue
Total Current Liabilities $0 $113,358 $70,584 $61,220
Long-Term Debt
Long-Term Liabilities
Paid-In Capital $210,000 $210,000 $210,000 $210,000
Retained Earnings ($112,500) ($112,500) $208,202 $628,386
Earnings $320,702 $420,184 $475,510

Projected Cash Flow Statement

2020 2021 2022
Net Cash Flow from Operations
Net Profit $320,702 $420,184 $475,510
Depreciation & Amortization $2,857 $2,857 $2,857
Change in Accounts Receivable $0 $0 $0
Change in Inventory ($204,122) ($10,072) ($3)
Change in Accounts Payable $38,607 $1,587 $0
Change in Income Tax Payable $21,984 ($3,413) $2,414
Change in Sales Tax Payable
Change in Prepaid Revenue
Investing & Financing
Assets Purchased or Sold
Investments Received
Dividends & Distributions
Change in Short-Term Debt $52,767 ($40,948) ($11,778)
Change in Long-Term Debt
Cash at Beginning of Period $77,500 $310,295 $680,490
Net Change in Cash $232,795 $370,195 $469,000
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