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Batten-Hatchez Security

Financial Plan

Forecast

Key Assumptions

The long-term interest rate is 6% for a home equity loan taken out in year 2 to cover the cash needs for a move to an office space.

In addition to the assumptions shown in this table, the business makes the following assumptions:

  • That the security guard industry will experience an overall upswing in the next three years
  • That the sales record of Chindit Batten at his previous firm can be replicated at Batten-Hatchez

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 are 

Legal Fees $15,000

Surety Bond $1,200

Stationery $2,000

Insurance $10,000

Training $5,000

Website $2,000

Brochure $1,500

TOTAL START-UP EXPENSES $36,700

Sources of Funds

Our sources of funds are investors:  Louis Giordano, Jared Case, and family and friends. 

 

Statements

Projected Profit & Loss

2020 2021 2022
Gross Margin $359,926 $453,780 $555,330
Operating Expenses
Salaries & Wages $86,400 $271,728 $277,160
Employee Related Expenses $17,280 $54,346 $55,432
Marketing $19,200 $19,200 $19,200
Promotion $16,800 $16,800 $16,800
Surety Bond $1,380 $1,380 $1,380
Training $6,516 $6,516 $6,516
Licences and Permits $7,356 $7,356 $7,356
Interest Incurred $164
Depreciation and Amortization $0 $0 $0
Gain or Loss from Sale of Assets
Income Taxes $30,724 $11,469 $25,723
Total Expenses $739,266 $1,021,315 $1,108,237
Net Profit $174,106 $64,985 $145,763

Projected Balance Sheet

Starting Balances 2020 2021 2022
Cash $44,000 $169,832 $240,705 $379,875
Accounts Receivable $160,926 $108,630 $125,400
Inventory
Other Current Assets
Total Current Assets $44,000 $330,758 $349,335 $505,275
Long-Term Assets $1,000 $1,000 $1,000 $1,000
Accumulated Depreciation $0 $0 $0
Total Long-Term Assets $1,000 $1,000 $1,000 $1,000
Accounts Payable $100,614 $68,377 $74,992
Income Taxes Payable $17,039 $2,867 $6,429
Sales Taxes Payable $0 $0 $0
Short-Term Debt $5,000
Prepaid Revenue
Total Current Liabilities $5,000 $117,653 $71,244 $81,421
Long-Term Debt $0 $0 $0 $0
Long-Term Liabilities $0 $0 $0 $0
Paid-In Capital $76,700 $76,700 $76,700 $76,700
Retained Earnings ($36,700) ($36,700) $137,406 $202,391
Earnings $174,106 $64,985 $145,763

Projected Cash Flow Statement

2020 2021 2022
Net Cash Flow from Operations
Net Profit $174,106 $64,985 $145,763
Depreciation & Amortization $0 $0 $0
Change in Accounts Receivable ($160,926) $52,296 ($16,770)
Change in Inventory
Change in Accounts Payable $100,614 ($32,236) $6,615
Change in Income Tax Payable $17,039 ($14,172) $3,562
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 ($5,000)
Change in Long-Term Debt $0 $0 $0
Cash at Beginning of Period $44,000 $169,832 $240,705
Net Change in Cash $125,832 $70,873 $139,170