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Sports Bar Business Plan

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Take Five Sports Bar and Grill

Financial Plan

Forecast

Key Assumptions

The financial plan depends on important assumptions, most of which are shown in the following table. The key underlying assumptions are:

  • We assume a slow-growth economy, without major recession.
  • We assume access to equity capital and financing sufficient to maintain our financial plan as shown in the tables.
  • We assume the continued popularity of sports in America and the growing demand for sports theme venues.

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

Expansion plans are already underway. The majority of the $625000 will be us buying long term assets such as store locations and equipment etc. We will also have starting inventory and plates and silverware etc. Once this location is up and running we open another location etc. 

Sources of Funds

The owners will be putting $625,000 from the already established business into the expansion. 

Statements

Projected Profit & Loss

2018 2019 2020
Gross Margin $1,142,450 $1,241,500 $1,330,550
Operating Expenses
Salaries & Wages $475,200 $636,192 $673,646
Employee Related Expenses $85,360 $111,082 $112,755
Rent $60,000 $60,000 $60,000
Insurance $36,000 $36,000 $36,000
Promotion $15,000
Marketing $12,000 $12,000 $12,000
Utilities $24,000 $24,000 $24,000
Amortization of Other Current Assets $0 $0 $0
Interest Incurred $1,592 $129
Depreciation and Amortization $22,289 $22,289 $22,289
Gain or Loss from Sale of Assets
Income Taxes $0 $0 $0
Total Expenses $1,346,606 $1,570,192 $1,657,141
Net Profit $411,009 $339,808 $389,859

Projected Balance Sheet

Starting Balances 2018 2019 2020
Cash $67,136 $408,913 $758,510 $1,170,088
Accounts Receivable $9,450 $7,958 $8,529
Inventory $15,197 $55,708 $59,704 $59,704
Other Current Assets $17,310 $17,310 $17,310 $17,310
Total Current Assets $99,643 $491,382 $843,483 $1,255,631
Long-Term Assets $475,495 $475,495 $475,495 $475,495
Accumulated Depreciation ($29,713) ($52,002) ($74,291) ($96,580)
Total Long-Term Assets $445,782 $423,493 $401,204 $378,915
Accounts Payable $20,040 $8,185 $8,484 $8,484
Income Taxes Payable $0 $0 $0
Sales Taxes Payable $0 $0 $0
Short-Term Debt $29,704 $10,296
Prepaid Revenue
Total Current Liabilities $49,744 $18,481 $8,484 $8,484
Long-Term Debt $10,296 $0 $0 $0
Long-Term Liabilities $10,296 $0 $0 $0
Paid-In Capital $625,000 $625,000 $625,000 $625,000
Retained Earnings ($139,615) ($139,615) $271,394 $611,202
Earnings $411,009 $339,808 $389,859

Projected Cash Flow Statement

2018 2019 2020
Net Cash Flow from Operations
Net Profit $411,009 $339,808 $389,859
Depreciation & Amortization $22,289 $22,289 $22,289
Change in Accounts Receivable ($9,450) $1,492 ($571)
Change in Inventory ($40,511) ($3,996) $0
Change in Accounts Payable ($11,855) $299 $0
Change in Income Tax Payable $0 $0 $0
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 ($19,408) ($10,296)
Change in Long-Term Debt ($10,296) $0 $0
Cash at Beginning of Period $67,136 $408,913 $758,510
Net Change in Cash $341,777 $349,597 $411,578

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