Womens Clothing Boutique Business Plan

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De Kliek Style Studio

Financial Plan

Forecast

Key Assumptions

Having a good location in a high-shopping area makes a huge difference. We need our customers to be able to find us and be able to park easily 

Quality product and good relationships with vendors make a huge difference. We will keep inventory, however we lose our customers if they have to wait around for key pieces of their wardrobe to come in. 

Outstanding customer service will make our customers return.  Every browser is a opportunity to make a sale. We will make sure personnel have the right blend of sales technique with knowledge of high fashion 

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

We estimate startup expenses as follows: 

And, of course, for planning purposes we round up to an even $50,000. 

We will also need startup assets including: inventory and getting the tailoring equipment we need to fit our clothes to our clients, plus of course cash on hand as reserve. 

 

Sources of Funds

We will need $175,000 to get this up and running. The owner will invest $40,000. The cofounder will invest $45,000 and we intend to take out a business loan, from [name omitted bank] with an SBA guarantee, for $90,000. 

Statements

Projected Profit & Loss

2020 2021 2022
Gross Margin $312,174 $378,350 $498,200
Operating Expenses
Salaries & Wages $131,600 $188,000 $238,000
Employee Related Expenses $26,320 $37,600 $47,600
Rent $36,000 $36,000 $36,000
Telephone / Internet $1,440 $1,440 $1,440
Leased Equipment $2,004 $2,004 $2,004
Utilities $2,100 $2,100 $2,100
Office $6,600 $6,600 $6,600
Security $348 $348 $348
Repairs $600 $600 $600
Accounting Fees $1,500 $1,500 $1,500
Postage $600 $600 $600
Printing $1,200 $1,200 $1,200
PR $9,600 $10,000 $10,000
Insurance – Workman’s + Property Liability $9,576 $9,576 $9,576
Miscellaneous $3,600 $3,600 $3,600
Advertising $4,800 $4,800 $4,800
Education $1,200 $1,200 $1,200
Traveling $8,500 $10,000 $10,000
Startup expenses in Use of Funds $50,000
Interest Incurred $4,590 $4,070 $3,032
Depreciation and Amortization $4,880 $4,880 $4,880
Gain or Loss from Sale of Assets
Income Taxes $512 $5,223 $11,312
Total Expenses $659,596 $757,991 $958,192
Net Profit $4,604 $47,009 $101,808

Projected Balance Sheet

2020 2021 2022
Cash $75,147 $54,243 $72,948
Accounts Receivable $4,140 $3,857 $5,079
Inventory $106,663 $140,450 $140,449
Other Current Assets
Total Current Assets $185,950 $198,551 $218,476
Long-Term Assets $48,800 $48,800 $48,800
Accumulated Depreciation ($4,880) ($9,760) ($14,640)
Total Long-Term Assets $43,920 $39,040 $34,160
Accounts Payable $32,114 $40,836 $40,835
Income Taxes Payable $512 $1,315 $2,838
Sales Taxes Payable $32,190 $30,187 $39,750
Short-Term Debt $16,810 $17,847 $18,948
Prepaid Revenue
Total Current Liabilities $81,626 $90,185 $102,371
Long-Term Debt $58,640 $40,792 $21,845
Long-Term Liabilities $58,640 $40,792 $21,845
Paid-In Capital $85,000 $85,000 $85,000
Retained Earnings ($25,396) ($58,387)
Earnings $4,604 $47,009 $101,807

Projected Cash Flow Statement

2020 2021 2022
Net Cash Flow from Operations
Net Profit $4,604 $47,009 $101,808
Depreciation & Amortization $4,880 $4,880 $4,880
Change in Accounts Receivable ($4,140) $283 ($1,222)
Change in Inventory ($106,663) ($33,788) $1
Change in Accounts Payable $32,114 $8,722 $0
Change in Income Tax Payable $512 $803 $1,523
Change in Sales Tax Payable $32,190 ($2,003) $9,563
Change in Prepaid Revenue
Investing & Financing
Assets Purchased or Sold ($48,800)
Investments Received $85,000
Dividends & Distributions ($30,000) ($80,000)
Change in Short-Term Debt $16,810 $1,037 $1,101
Change in Long-Term Debt $58,640 ($17,847) ($18,948)
Cash at Beginning of Period $0 $75,147 $54,243
Net Change in Cash $75,147 ($20,904) $18,704
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