Don't bother with copy and paste.

Get this complete sample business plan as a free text document.

Download for free

Free Business Planning Webinar:

AI and Your Plan Register Now

Veterinary Practice icon Veterinary Clinic Business Plan

Start your plan

Southwest Veterinary Clinic

Executive Summary

The Southwest Veterinary Clinic will be located in southwest Richmond. The clinic will offer a full range of medical services to the area’s pet owners. Southwest Richmond is a mixture of industrial and residential property. There are approximately 20,000 moderate-income residents in the area. Many of these residents are elderly with multiple pets.

Currently, the three closest veterinary clinics are a fifteen minute drive for most southwest Richmond residents. Southwest Veterinary Clinic will be a five minute drive from most locations in southwest Richmond.

Edward Anderson, DVM, and Michelle Johnson, DVD, have seven years of veterinary experience. Edward has four years of experience with the Richmond Emergency Veterinary Hospital. Michelle has been a staff veterinarian at Blue Cross Hospital for three years.

Both Richmond Emergency and Blue Cross Hospitals serve residents in southwest Richmond. Edward and Michelle have treated numerous pets from the southwest section of town over the years. Most of these customers praised the service they received. Thirty customers have already confirmed that they will be using the new hospital services.

Veterinary clinic business plan, executive summary chart image

1.1 Mission

Our goal is to help customers’ pets live long, happy and healthy lives. We believe that a key element to a healthy pet is a great relationship with your veterinarian. Everyone at Southwest Veterinary Clinic is committed to professional, caring, personalized service. Southwest Veterinary Clinic takes pride in our dedication to the highest standards in veterinary medicine. We have a full service clinic offering state-of-the-art veterinary medical technology.

1.2 Keys to Success

  • We treat our patients as if they were our own pets and try to offer customers the service that they desire and deserve.
  • We take an individualized approach to the long-term care of each of our patients and are dedicated to providing our clients with enough information to make appropriate decisions concerning the health care of their animal companions.
LivePlan Logo

See why 1.2 million entrepreneurs have written their business plans with LivePlan

Create Your Plan

Company Summary

The Southwest Veterinary Clinic will be located in southwest Richmond. The clinic will offer its customers the full range of medical services to the area’s pet owners.

2.1 Company Ownership

Edward Anderson, DVM, and Michelle Johnson, DVD, are co-owners of Southwest Veterinary Clinic.

2.2 Start-up Summary

Southwest Veterinary Clinic’s start-up costs consist of medical, surgical, and lab equipment. In addition, there will a $30,000 interior remodeling cost for the clinic. Edward Anderson and Michelle Johnson will invest $80,000. In addition, they will secure a $70,000 SBA loan.

Veterinary clinic business plan, company summary chart image

Start-up
Requirements
Start-up Expenses
Legal $2,000
Stationery etc. $1,000
Medical/Surgical Equipment $40,000
Lab Equipment $30,000
Insurance $2,000
Rent $3,000
Clerical/Bookkeeping Setup $2,000
Kennel Equipment $5,000
Waiting Room/Examination Rooms Setup $10,000
Total Start-up Expenses $95,000
Start-up Assets
Cash Required $25,000
Other Current Assets $0
Long-term Assets $110,000
Total Assets $135,000
Total Requirements $230,000
Start-up Funding
Start-up Expenses to Fund $95,000
Start-up Assets to Fund $135,000
Total Funding Required $230,000
Assets
Non-cash Assets from Start-up $110,000
Cash Requirements from Start-up $25,000
Additional Cash Raised $0
Cash Balance on Starting Date $25,000
Total Assets $135,000
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $150,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $150,000
Capital
Planned Investment
Michelle Johnson $40,000
Edward Anderson $40,000
Additional Investment Requirement $0
Total Planned Investment $80,000
Loss at Start-up (Start-up Expenses) ($95,000)
Total Capital ($15,000)
Total Capital and Liabilities $135,000
Total Funding $230,000

2.3 Company Locations and Facilities

Southwest Veterinary Clinic will be located on the corner of 7th and Stewart, two of the busiest streets in southwest Richmond.

LivePlan Logo

See why 1.2 million entrepreneurs have written their business plans with LivePlan

Create Your Plan

Products and Services

Southwest Veterinary Clinic will offer the following services:

  • Internal medicine and surgery;
  • Orthopedics;
  • Dental care;
  • Skin disorders;
  • Geriatric care;
  • Endoscopy;
  • Reproductive services.
LivePlan Logo

See why 1.2 million entrepreneurs have written their business plans with LivePlan

Create Your Plan

Market Analysis Summary

Southwest Richmond is a section of the city that, in recent years, has become primarily industrial. There are approximately 20,000 residents in the area who are currently underserved in a number of basic services. The area’s residents can be put into three groups:

  • Elderly;
  • Moderate-income families;
  • Young single adults.

All three groups own pets but find it difficult to find local veterinary resources when needed. Southwest Veterinary Clinic will fill the community’s need for reasonably priced local veterinary services.

4.1 Market Segmentation

Southwest Veterinary Clinic will focus on three significant customer groups:

  • Elderly: This group is the first tier of customers that are pivotal to the success of the clinic. They are the most proactive to the health of their pets and demand a strong relationship with their pet’s veterinarian. In return, they will become loyal customers who will refer both friends and neighbors.
  • Moderate-income Families: The second tier of critical customers are the area’s families. This group is important for the sustained growth of the clinic. A veterinary service relationship with a family can last 10-20 years over which time the family can own numerous pets.
  • Young, Single Adults: This group represents the third tier of customers that the clinic will focus on. This group is primarily reactive to the health of their pets and will usually only visit the clinic for emergencies, reproduction services, and shots. This is still a significant source of customers from the community.
Veterinary clinic business plan, market analysis summary chart image

Market Analysis
Year 1 Year 2 Year 3 Year 4 Year 5
Potential Customers Growth CAGR
Elderly 5% 6,000 6,300 6,615 6,946 7,293 5.00%
Moderate-income Families 10% 10,000 11,000 12,100 13,310 14,641 10.00%
Young Adults 10% 4,000 4,400 4,840 5,324 5,856 10.00%
Total 8.57% 20,000 21,700 23,555 25,580 27,790 8.57%

LivePlan Logo

See why 1.2 million entrepreneurs have written their business plans with LivePlan

Create Your Plan

Strategy and Implementation Summary

The key to the clinic’s success is its visibility in the community.  The location is crucial. Southwest Veterinary Clinic will be located on the corner of 7th and Stewart, two of the busiest streets in southwest Richmond. The clinic will be visible in the community. The name “Southwest” will communicate that the clinic is local to residents who are scanning the phone book for veterinary services.

Edward Anderson and Michelle Johnson will meet with both the three Southwest Seniors Organizations and the five Southwest Neighborhood Associations to introduce the veterinary hospital to the community. At these meetings, Edward and Michelle, will distribute invitations to the clinic’s grand opening.

In addition, Southwest Veterinary Clinic will reward customers who refer friends and neighbors to the clinic with 15% off their pet’s next visit.

5.1 Competitive Edge

The competitive edge of Southwest Veterinary Clinic is:

  • Location:  Southwest Veterinary Clinic is located on the corner of 7th and Steward. The traffic on those two streets is very strong. The closest veterinary clinic to the Southwest area is a fifteen minute drive.
  • Southwest Area Focus: Currently there are no southwest-focused veterinary clinics in the area. Southwest Veterinary Clinic will the only one in the area.

5.2 Sales Strategy

The Southwest Veterinary Clinic’s sales strategy will be to grow the clinic through referrals. These referrals from satisfied customers will be the most important component to the success of Southwest Veterinary Clinic. To promote referrals from existing customers,  Southwest Veterinary Clinic will offer 15% off the next visit for referrals.

5.2.1 Sales Forecast

The following is the sales forecast for three years.

Veterinary clinic business plan, strategy and implementation summary chart image

Veterinary clinic business plan, strategy and implementation summary chart image

Sales Forecast
Year 1 Year 2 Year 3
Sales
Services $417,000 $450,000 $490,000
Other $0 $0 $0
Total Sales $417,000 $450,000 $490,000
Direct Cost of Sales Year 1 Year 2 Year 3
Services $98,700 $110,000 $120,000
Other $0 $0 $0
Subtotal Direct Cost of Sales $98,700 $110,000 $120,000

LivePlan Logo

See why 1.2 million entrepreneurs have written their business plans with LivePlan

Create Your Plan

Management Summary

Edward Anderson and Michelle Johnson will co-manage the clinics daily operation.

6.1 Personnel Plan

The Southwest Veterinary Clinic will have a staff of three.

  • Receptionist;
  • Veterinary assistants (2).
Personnel Plan
Year 1 Year 2 Year 3
Edward Anderson $45,600 $50,000 $55,000
Michelle Johnson $45,600 $50,000 $55,000
Receptionist/Clerical $24,000 $30,000 $33,000
Veterinary Assistants (2) $52,800 $53,000 $55,000
Total People 5 5 5
Total Payroll $168,000 $183,000 $198,000

LivePlan Logo

See why 1.2 million entrepreneurs have written their business plans with LivePlan

Create Your Plan

Financial Plan

The following is the financial plan for Southwest Veterinary Clinic.

7.1 Break-even Analysis

The monthly break-even point is $30,000.

Veterinary clinic business plan, financial plan chart image

Break-even Analysis
Monthly Revenue Break-even $28,351
Assumptions:
Average Percent Variable Cost 24%
Estimated Monthly Fixed Cost $21,641

7.2 Projected Profit and Loss

The following is the projected profit and loss for three years.

Veterinary clinic business plan, financial plan chart image

Veterinary clinic business plan, financial plan chart image

Pro Forma Profit and Loss
Year 1 Year 2 Year 3
Sales $417,000 $450,000 $490,000
Direct Cost of Sales $98,700 $110,000 $120,000
Other Production Expenses $0 $0 $0
Total Cost of Sales $98,700 $110,000 $120,000
Gross Margin $318,300 $340,000 $370,000
Gross Margin % 76.33% 75.56% 75.51%
Expenses
Payroll $168,000 $183,000 $198,000
Sales and Marketing and Other Expenses $6,000 $6,000 $6,000
Depreciation $11,424 $11,424 $11,424
Leased Equipment $0 $0 $0
Utilities $3,600 $3,600 $3,600
Insurance $7,200 $7,200 $7,200
Rent $36,000 $36,000 $36,000
Payroll Taxes $27,465 $30,300 $32,400
Other $0 $0 $0
Total Operating Expenses $259,689 $277,524 $294,624
Profit Before Interest and Taxes $58,611 $62,476 $75,376
EBITDA $70,035 $73,900 $86,800
Interest Expense $14,242 $12,901 $11,502
Taxes Incurred $13,311 $14,872 $19,162
Net Profit $31,058 $34,702 $44,712
Net Profit/Sales 7.45% 7.71% 9.12%

7.3 Projected Cash Flow

The following is the projected cash flow for three years.

Veterinary clinic business plan, financial plan chart image

Pro Forma Cash Flow
Year 1 Year 2 Year 3
Cash Received
Cash from Operations
Cash Sales $417,000 $450,000 $490,000
Subtotal Cash from Operations $417,000 $450,000 $490,000
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 $417,000 $450,000 $490,000
Expenditures Year 1 Year 2 Year 3
Expenditures from Operations
Cash Spending $168,000 $183,000 $198,000
Bill Payments $181,390 $227,847 $234,632
Subtotal Spent on Operations $349,390 $410,847 $432,632
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 $13,992 $13,992 $13,992
Purchase Other Current Assets $0 $0 $0
Purchase Long-term Assets $0 $0 $0
Dividends $0 $0 $0
Subtotal Cash Spent $363,382 $424,839 $446,624
Net Cash Flow $53,618 $25,161 $43,376
Cash Balance $78,618 $103,779 $147,154

7.4 Projected Balance Sheet

The following is the projected balance sheet for three years.

Pro Forma Balance Sheet
Year 1 Year 2 Year 3
Assets
Current Assets
Cash $78,618 $103,779 $147,154
Other Current Assets $0 $0 $0
Total Current Assets $78,618 $103,779 $147,154
Long-term Assets
Long-term Assets $110,000 $110,000 $110,000
Accumulated Depreciation $11,424 $22,848 $34,272
Total Long-term Assets $98,576 $87,152 $75,728
Total Assets $177,194 $190,931 $222,882
Liabilities and Capital Year 1 Year 2 Year 3
Current Liabilities
Accounts Payable $25,128 $18,154 $19,386
Current Borrowing $0 $0 $0
Other Current Liabilities $0 $0 $0
Subtotal Current Liabilities $25,128 $18,154 $19,386
Long-term Liabilities $136,008 $122,016 $108,024
Total Liabilities $161,136 $140,170 $127,410
Paid-in Capital $80,000 $80,000 $80,000
Retained Earnings ($95,000) ($63,942) ($29,239)
Earnings $31,058 $34,702 $44,712
Total Capital $16,058 $50,761 $95,472
Total Liabilities and Capital $177,194 $190,931 $222,882
Net Worth $16,058 $50,761 $95,472

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 0742, Veterinary Services, are shown for comparison.

Ratio Analysis
Year 1 Year 2 Year 3 Industry Profile
Sales Growth 0.00% 7.91% 8.89% -2.90%
Percent of Total Assets
Other Current Assets 0.00% 0.00% 0.00% 32.60%
Total Current Assets 44.37% 54.35% 66.02% 59.90%
Long-term Assets 55.63% 45.65% 33.98% 40.10%
Total Assets 100.00% 100.00% 100.00% 100.00%
Current Liabilities 14.18% 9.51% 8.70% 31.10%
Long-term Liabilities 76.76% 63.91% 48.47% 21.50%
Total Liabilities 90.94% 73.41% 57.16% 52.60%
Net Worth 9.06% 26.59% 42.84% 47.40%
Percent of Sales
Sales 100.00% 100.00% 100.00% 100.00%
Gross Margin 76.33% 75.56% 75.51% 40.00%
Selling, General & Administrative Expenses 71.42% 70.80% 68.96% 23.70%
Advertising Expenses 1.44% 1.33% 1.22% 0.50%
Profit Before Interest and Taxes 14.06% 13.88% 15.38% 3.60%
Main Ratios
Current 3.13 5.72 7.59 1.95
Quick 3.13 5.72 7.59 1.26
Total Debt to Total Assets 90.94% 73.41% 57.16% 52.60%
Pre-tax Return on Net Worth 276.30% 97.66% 66.90% 5.50%
Pre-tax Return on Assets 25.04% 25.96% 28.66% 11.60%
Additional Ratios Year 1 Year 2 Year 3
Net Profit Margin 7.45% 7.71% 9.12% n.a
Return on Equity 193.41% 68.36% 46.83% n.a
Activity Ratios
Accounts Payable Turnover 8.22 12.17 12.17 n.a
Payment Days 27 36 29 n.a
Total Asset Turnover 2.35 2.36 2.20 n.a
Debt Ratios
Debt to Net Worth 10.03 2.76 1.33 n.a
Current Liab. to Liab. 0.16 0.13 0.15 n.a
Liquidity Ratios
Net Working Capital $53,490 $85,625 $127,768 n.a
Interest Coverage 4.12 4.84 6.55 n.a
Additional Ratios
Assets to Sales 0.42 0.42 0.45 n.a
Current Debt/Total Assets 14% 10% 9% n.a
Acid Test 3.13 5.72 7.59 n.a
Sales/Net Worth 25.97 8.87 5.13 n.a
Dividend Payout 0.00 0.00 0.00 n.a

LivePlan Logo

See why 1.2 million entrepreneurs have written their business plans with LivePlan

Create Your Plan

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
Services 0% $15,000 $20,000 $23,000 $26,000 $30,000 $34,000 $36,000 $40,000 $44,000 $46,000 $50,000 $53,000
Other 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Sales $15,000 $20,000 $23,000 $26,000 $30,000 $34,000 $36,000 $40,000 $44,000 $46,000 $50,000 $53,000
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
Services $4,000 $5,000 $5,300 $6,000 $7,000 $8,000 $8,400 $9,000 $10,000 $11,000 $12,000 $13,000
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Direct Cost of Sales $4,000 $5,000 $5,300 $6,000 $7,000 $8,000 $8,400 $9,000 $10,000 $11,000 $12,000 $13,000
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
Edward Anderson 0% $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800
Michelle Johnson 0% $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800
Receptionist/Clerical 0% $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000
Veterinary Assistants (2) 0% $4,400 $4,400 $4,400 $4,400 $4,400 $4,400 $4,400 $4,400 $4,400 $4,400 $4,400 $4,400
Total People 5 5 5 5 5 5 5 5 5 5 5 5
Total Payroll $14,000 $14,000 $14,000 $14,000 $14,000 $14,000 $14,000 $14,000 $14,000 $14,000 $14,000 $14,000

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 $15,000 $20,000 $23,000 $26,000 $30,000 $34,000 $36,000 $40,000 $44,000 $46,000 $50,000 $53,000
Direct Cost of Sales $4,000 $5,000 $5,300 $6,000 $7,000 $8,000 $8,400 $9,000 $10,000 $11,000 $12,000 $13,000
Other Production Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost of Sales $4,000 $5,000 $5,300 $6,000 $7,000 $8,000 $8,400 $9,000 $10,000 $11,000 $12,000 $13,000
Gross Margin $11,000 $15,000 $17,700 $20,000 $23,000 $26,000 $27,600 $31,000 $34,000 $35,000 $38,000 $40,000
Gross Margin % 73.33% 75.00% 76.96% 76.92% 76.67% 76.47% 76.67% 77.50% 77.27% 76.09% 76.00% 75.47%
Expenses
Payroll $14,000 $14,000 $14,000 $14,000 $14,000 $14,000 $14,000 $14,000 $14,000 $14,000 $14,000 $14,000
Sales and Marketing and Other Expenses $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500
Depreciation $952 $952 $952 $952 $952 $952 $952 $952 $952 $952 $952 $952
Leased Equipment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Utilities $300 $300 $300 $300 $300 $300 $300 $300 $300 $300 $300 $300
Insurance $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600
Rent $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000
Payroll Taxes 15% $2,220 $2,295 $2,295 $2,295 $2,295 $2,295 $2,295 $2,295 $2,295 $2,295 $2,295 $2,295
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Operating Expenses $21,572 $21,647 $21,647 $21,647 $21,647 $21,647 $21,647 $21,647 $21,647 $21,647 $21,647 $21,647
Profit Before Interest and Taxes ($10,572) ($6,647) ($3,947) ($1,647) $1,353 $4,353 $5,953 $9,353 $12,353 $13,353 $16,353 $18,353
EBITDA ($9,620) ($5,695) ($2,995) ($695) $2,305 $5,305 $6,905 $10,305 $13,305 $14,305 $17,305 $19,305
Interest Expense $1,240 $1,231 $1,221 $1,211 $1,201 $1,192 $1,182 $1,172 $1,163 $1,153 $1,143 $1,133
Taxes Incurred ($3,544) ($2,363) ($1,550) ($857) $45 $948 $1,431 $2,454 $3,357 $3,660 $4,563 $5,166
Net Profit ($8,269) ($5,514) ($3,617) ($2,001) $106 $2,213 $3,340 $5,727 $7,833 $8,540 $10,647 $12,054
Net Profit/Sales -55.12% -27.57% -15.73% -7.69% 0.35% 6.51% 9.28% 14.32% 17.80% 18.57% 21.29% 22.74%

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 $15,000 $20,000 $23,000 $26,000 $30,000 $34,000 $36,000 $40,000 $44,000 $46,000 $50,000 $53,000
Subtotal Cash from Operations $15,000 $20,000 $23,000 $26,000 $30,000 $34,000 $36,000 $40,000 $44,000 $46,000 $50,000 $53,000
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 $15,000 $20,000 $23,000 $26,000 $30,000 $34,000 $36,000 $40,000 $44,000 $46,000 $50,000 $53,000
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 $14,000 $14,000 $14,000 $14,000 $14,000 $14,000 $14,000 $14,000 $14,000 $14,000 $14,000 $14,000
Bill Payments $277 $8,391 $10,599 $11,712 $13,112 $15,005 $16,864 $17,762 $19,385 $21,258 $22,571 $24,454
Subtotal Spent on Operations $14,277 $22,391 $24,599 $25,712 $27,112 $29,005 $30,864 $31,762 $33,385 $35,258 $36,571 $38,454
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 $1,166 $1,166 $1,166 $1,166 $1,166 $1,166 $1,166 $1,166 $1,166 $1,166 $1,166 $1,166
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 $15,443 $23,557 $25,765 $26,878 $28,278 $30,171 $32,030 $32,928 $34,551 $36,424 $37,737 $39,620
Net Cash Flow ($443) ($3,557) ($2,765) ($878) $1,722 $3,829 $3,970 $7,072 $9,449 $9,576 $12,263 $13,380
Cash Balance $24,557 $20,999 $18,234 $17,357 $19,079 $22,908 $26,878 $33,950 $43,399 $52,975 $65,238 $78,618
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 $25,000 $24,557 $20,999 $18,234 $17,357 $19,079 $22,908 $26,878 $33,950 $43,399 $52,975 $65,238 $78,618
Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Current Assets $25,000 $24,557 $20,999 $18,234 $17,357 $19,079 $22,908 $26,878 $33,950 $43,399 $52,975 $65,238 $78,618
Long-term Assets
Long-term Assets $110,000 $110,000 $110,000 $110,000 $110,000 $110,000 $110,000 $110,000 $110,000 $110,000 $110,000 $110,000 $110,000
Accumulated Depreciation $0 $952 $1,904 $2,856 $3,808 $4,760 $5,712 $6,664 $7,616 $8,568 $9,520 $10,472 $11,424
Total Long-term Assets $110,000 $109,048 $108,096 $107,144 $106,192 $105,240 $104,288 $103,336 $102,384 $101,432 $100,480 $99,528 $98,576
Total Assets $135,000 $133,605 $129,095 $125,378 $123,549 $124,319 $127,196 $130,214 $136,334 $144,831 $153,455 $164,766 $177,194
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 $8,039 $10,210 $11,277 $12,614 $14,444 $16,274 $17,118 $18,677 $20,508 $21,758 $23,588 $25,128
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 $8,039 $10,210 $11,277 $12,614 $14,444 $16,274 $17,118 $18,677 $20,508 $21,758 $23,588 $25,128
Long-term Liabilities $150,000 $148,834 $147,668 $146,502 $145,336 $144,170 $143,004 $141,838 $140,672 $139,506 $138,340 $137,174 $136,008
Total Liabilities $150,000 $156,873 $157,878 $157,779 $157,950 $158,614 $159,278 $158,956 $159,349 $160,014 $160,098 $160,762 $161,136
Paid-in Capital $80,000 $80,000 $80,000 $80,000 $80,000 $80,000 $80,000 $80,000 $80,000 $80,000 $80,000 $80,000 $80,000
Retained Earnings ($95,000) ($95,000) ($95,000) ($95,000) ($95,000) ($95,000) ($95,000) ($95,000) ($95,000) ($95,000) ($95,000) ($95,000) ($95,000)
Earnings $0 ($8,269) ($13,783) ($17,400) ($19,401) ($19,295) ($17,082) ($13,742) ($8,016) ($183) $8,358 $19,005 $31,058
Total Capital ($15,000) ($23,269) ($28,783) ($32,400) ($34,401) ($34,295) ($32,082) ($28,742) ($23,016) ($15,183) ($6,642) $4,005 $16,058
Total Liabilities and Capital $135,000 $133,605 $129,095 $125,378 $123,549 $124,319 $127,196 $130,214 $136,334 $144,831 $153,455 $164,766 $177,194
Net Worth ($15,000) ($23,269) ($28,783) ($32,400) ($34,401) ($34,295) ($32,082) ($28,742) ($23,016) ($15,183) ($6,642) $4,005 $16,058

LivePlan Logo

See why 1.2 million entrepreneurs have written their business plans with LivePlan

Create Your Plan