Business Plan Proforma - From Mike Leonard - Public Domain

Financial Projection Model
This spreadsheet walks you through the process of developing an integrated set of financial projections.
To use this model, simply complete any information asked for found in the color yellow.
Example: Fill in boxes that look like this
A number found in the color green is optional information that you can complete.
Example: Check these assumptions
Otherwise, any information found in black type is automatically calculated for you.
Although the cells that are calculated are locked (or protected), you can turn off this protection to modify the sheets.
To do this, select "Tools" from the menu bar at the top of the screen. Then select, "Protection."
Finally, select "Unprotect Sheet" and you will be able to edit any labels or formulas.
Before you begin, we need some information about your business to best customize your financial statements.
Please enter the name of your business in the box below:
TakeCharge, Inc.
The first six worksheets in this workbook are steps you will need to complete. They are titled:
1. Required Start-Up Funds
2. Salaries and Wages
3. Fixed Operating Expenses
4. Projected Sales Forecast (2 sheets)
5. Cash Receipts and Disbursements
The sixth step titled, "Beginning Balance Sheet" is for existing businesses only.
Begin by clicking on the tabs below
TakeCharge, Inc.
Required Start-Up Funds
Required Start-Up Funds

Fixed Assets
Real Estate
Buildings
Leasehold Improvements
Equipment
Furniture and Fixtures
Vehicles
Other Fixed Assets
Total Fixed Assets
Operating Capital
Pre-Opening Salaries and Wages
Prepaid Insurance Premiums
Beginning Inventory
Legal and Accounting Fees
Rent Deposits
Utility Deposits
Supplies
Advertising and Promotions
Licenses
Other Initial Start-Up Costs
Working Capital (Cash On Hand)
Total Operating Capital
9-Apr-14
Amount
Totals
3,000
2,000
2,500
3,000
25,000
2,000
20.00
7.00
7.00
5.00
5.00
5.00
Notes
years
years
years
years
years
years
37,500
5,500
1,100
1,000
600
5,000
233
550
1,000
10
6,700
50,000
71,693
Total Required Funds
109,193
Sources of Funding
Owner's Cash Injection
Outside Investors
Additional Loans or Debt
Commercial Loan
Commercial Mortgage
Amount
27.47%
54.95%
Totals
30,000
60,000
15.38%
2.20%
16,793
2,400
Total Sources of Funding
100.00%
A line of credit is also required in the amount of
Depreciation
109,193
4,047
Loan Rate
9.00%
9.00%
Term in Months
84.00
240.00
Monthly Payments
$270.18
$21.59
$291.78
TakeCharge, Inc.
Salaries and Wages
Salaries and Related Expenses
9-Apr-14
Assumptions
Wage Base
Monthly
Year One
Percent Change
Salaries and Wages
Owner's Compensation
Salaries
Wages
Full-Time Employees
Estimated Hours Per Week
Estimated Rate Per Hour
Part-Time Employees
Estimated Hours Per Week
Estimated Rate Per Hour
Independent Contractors
Total Salaries and Wages
Payroll Taxes and Benefits
Social Security
Medicare
Federal Unemployment Tax (FUTA)
State Unemployment Tax (SUTA)
Employee Pension Programs
Worker's Compensation
Employee Health Insurance
Other Employee Benefit Programs
Total Payroll Taxes and Benefits
Total Salaries and Related Expenses
6
2
10
$
1PT yr2, 1FT yr3
1-yr2, 2-yr3
40.00
$
25.00
5
$
Year Two
Year Three
20.00%
10.00%
6,000
2,500
72,000
30,000
86,400
30,000
95,040
66,000
43,333
520,000
52,000
114,400
10,833
130,000
156,000
171,600
62,667
752,000
324,400
447,040
3,885
909
107
362
1,880
7,144
46,624
10,904
1,288
4,347
22,560
85,723
20,113
4,704
1,288
4,347
27,072
57,524
27,716
6,482
1,288
4,347
29,779
69,613
69,810
837,723
381,924
516,653
20.00
25.00
23
6.20%
1.45%
0.80%
2.70%
0.00%
3.00%
0.00%
0.00%
102,000
$
$
7,000
7,000
TakeCharge, Inc.
Fixed Operating Expenses
9-Apr-14
Monthly
Year One
Percent Change
Expenses
Advertising
Car and Truck Expenses
Commissions and Fees
Contract Labor
Credit Card and Bank Charges
Customer Discounts and Refunds
Dues and Subscriptions
Entertainment
Insurance (Liability and Property)
Internet
Legal and Professional Fees
Office Expenses
Postage and Delivery
Rent (on business property)
Rent of Vehicles and Equipment
Repairs and Maintenance
Supplies
Telephone and Communications
Travel
Utilities
Total Expenses
Other Expenses
Depreciation
Interest
Commercial Loan
Commercial Mortgage
Line of Credit
Total Other Expenses
Total Fixed Operating Expenses
Year Two
Year Three
3.00%
3.00%
250
700
200
150
1,100
100
200
50
12
500
200
50
233
200
3,945
3,000
8,400
2,400
1,800
13,200
1,200
2,400
600
144
6,000
2,400
600
2,796
2,400
47,340
3,090
17,304
2,472
1,854
13,596
1,236
2,472
618
148
6,180
2,472
618
2,880
2,472
57,412
3,183
17,823
2,546
1,910
14,004
1,273
2,546
637
153
6,365
2,546
637
2,966
2,546
59,135
554
6,643
6,643
6,643
120
18
28
719
1,438
214
334
8,629
1,269
210
8,122
1,084
205
7,932
4,664
55,969
65,534
67,067
Notes
TakeCharge, Inc.
Projected Sales Forecast
Products and Services
Assumptions
Product/Service A - Billable Hrs.

Price Per Unit
$
Variable Cost Per Unit
$
Gross Margin Per Unit
$
Projected Unit Sales
Seasonality Factor
Year One
Year Two Growth
Year Three Growth
Fixed Expense Allocation
Projected Revenue
Variable Costs
Gross Margin
Fixed Expenses
Profit
Breakeven Sales Revenue $

Breakeven Sales Units
Product/Service B
Price Per Unit
$
$
$
Seasonality Factor
Year One
Year Two Growth
Year Three Growth
Projected Revenue
Variable Costs
Gross Margin
Fixed Expenses
Profit
9-Apr-14

68.00
10.00
58.00
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
Totals
8.33%
12,500
31,250
78,125
8.33%
12,500
31,250
78,125
8.33%
12,500
31,250
78,125
8.33%
12,500
31,250
78,125
8.33%
12,500
31,250
78,125
8.33%
12,500
31,250
78,125
8.33%
12,500
31,250
78,125
8.33%
12,500
31,250
78,125
8.33%
12,500
31,250
78,125
8.33%
12,500
31,250
78,125
8.33%
12,500
31,250
78,125
8.33%
12,500
31,250
78,125
100.00%
150,000
375,000
937,500
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
100.00%
14.71%
85.29%
150.00%
150.00%
50.00%
10,200,000
1,500,000
8,700,000
27,985
8,672,015
Month 1
85.02%
32,809.46
482
100.00%
0.00%
0.00%
10.00%
10.00%
16.67%
9,328
(9,328)
-
0.00%
TakeCharge, Inc.
Projected Sales Forecast - Page 2
Products and Services
Assumptions
Product/Service C
Price Per Unit
$
$
$
Seasonality Factor
Year One
Year Two Growth
Year Three Growth
Projected Revenue
Variable Costs
Gross Margin
Fixed Expenses
Profit

Product/Service D
Price Per Unit
$
$
$
Seasonality Factor
Year One
Year Two Growth
Year Three Growth
Projected Revenue
Variable Costs
Gross Margin
Fixed Expenses
Profit

9-Apr-14
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
Totals
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
0.00%
-
100.00%
0.00%
0.00%
10.00%
10.00%
16.67%
9,328
(9,328)
Month 1
0.00%
100.00%
0.00%
0.00%
10.00%
10.00%
16.67%
9,328
(9,328)
-
0.00%
TakeCharge, Inc.
Cash Receipts and Disbursements
9-Apr-14
Accounts Receivable Collections

Percent of Collections
0 to 30 days
31 to 60 days
More than 60 days
Total Collections Percentage
0.00%
25.00%
75.00%
100.00%
Accounts Payable Disbursements

Number of Days to Pay Suppliers
0 to 30 days
31 to 60 days
More than 60 days
Total Disbursements Percentage
0.00%
100.00%
0.00%
100.00%
Line of Credit Assumptions

Desired Minimum Cash Balance
Line of Credit Interest Rate
Income Tax Assumptions
Effective Income Tax Rate
Amortization of Start-Up Expenses
Amortization Period in Years
10,000.00
9.00%
28.00%
4,664
2,233
3.00
389
186
575
TakeCharge, Inc.
Balance Sheet (For Existing Businesses Only)
9/30/2009
Assets
Current Assets
Cash
Accounts Receivable
Inventory
Prepaid Expenses
Other Current
Total Current Assets
Fixed Assets
Real Estate
Buildings
Equipment
Vehicles
Other Fixed Assets
Total Fixed Assets
Less: Accumulated Depreciation
Total Assets
Liabilities and Owner's Equity

Liabilities
Accounts Payable
Notes Payable
Mortgage Payable
Line of Credit Balance
Total Liabilities
Owner's Equity
Common Stock
Retained Earnings
Dividends Dispersed
Total Owner's Equity
Total Liabilities and Owner's Equity
30,000
6,000
36,000
5,000
25,000
30,000
66,000
66,000
66,000
66,000
Statement Balances
TakeCharge, Inc.
Projected Income Statement - Year One
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
Income
Product/Service B
850,000
-
850,000
-
850,000
-
850,000
-
850,000
-
850,000
-
850,000
-
850,000
-
850,000
-
850,000
-
850,000
-
850,000
-
Total Income
850,000
850,000
850,000
850,000
850,000
850,000
850,000
850,000
850,000
850,000
850,000
850,000
Cost of Sales
Product/Service B
125,000
-
125,000
-
125,000
-
125,000
-
125,000
-
125,000
-
125,000
-
125,000
-
125,000
-
125,000
-
125,000
-
125,000
-
Total Cost of Sales
125,000
125,000
125,000
125,000
125,000
125,000
125,000
125,000
125,000
125,000
125,000
125,000
1,500,000
1,500,000
Gross Margin
725,000
725,000
725,000
725,000
725,000
725,000
725,000
725,000
725,000
725,000
725,000
725,000
8,700,000
69,810
69,810
69,810
69,810
69,810
69,810
69,810
69,810
69,810
69,810
69,810
69,810
837,723
250
700
200
150
1,100
100
200
50
12
500
200
50
233
200
3,945
250
700
200
150
1,100
100
200
50
12
500
200
50
233
200
3,945
250
700
200
150
1,100
100
200
50
12
500
200
50
233
200
3,945
250
700
200
150
1,100
100
200
50
12
500
200
50
233
200
3,945
250
700
200
150
1,100
100
200
50
12
500
200
50
233
200
3,945
250
700
200
150
1,100
100
200
50
12
500
200
50
233
200
3,945
250
700
200
150
1,100
100
200
50
12
500
200
50
233
200
3,945
250
700
200
150
1,100
100
200
50
12
500
200
50
233
200
3,945
250
700
200
150
1,100
100
200
50
12
500
200
50
233
200
3,945
250
700
200
150
1,100
100
200
50
12
500
200
50
233
200
3,945
250
700
200
150
1,100
100
200
50
12
500
200
50
233
200
3,945
250
700
200
150
1,100
100
200
50
12
500
200
50
233
200
3,945
3,000
8,400
2,400
1,800
13,200
1,200
2,400
600
144
6,000
2,400
600
2,796
2,400
47,340
183,426
183,447
183,446
183,445
183,444
183,443
183,443
183,442
183,441
183,440
183,439
183,438
2,201,293
Net Income
467,819
467,798
467,799
467,800
467,801
467,801
467,802
467,803
467,804
467,805
467,806
467,806
5,613,644
Total Salary and Wages

Fixed Business Expenses
Advertising
Contract Labor
Entertainment
Internet
Office Expenses
Supplies
Travel
Utilities
Total Fixed Business Expenses
Totals
10,200,000
10,200,000
TakeCharge, Inc.
Projected Cash Flow Statement - Year One
Month 1
Month 2
Month 3
Month 4
Month 5
Beginning Cash Balance
80,000
10,000
23,423
127,902
778,824
1,429,747
1,534,232
2,185,154
2,836,077
2,940,559
3,591,481
4,242,404
Cash Inflows
Income from Sales
Accounts Receivable
Total Cash Inflows
212,500
212,500
850,000
850,000
850,000
850,000
850,000
850,000
850,000
850,000
850,000
850,000
850,000
850,000
850,000
850,000
850,000
850,000
850,000
850,000
850,000
850,000
8,712,500
8,712,500
125,000
125,000
125,000
125,000
125,000
125,000
125,000
125,000
125,000
125,000
125,000
1,375,000
69,810
3,945
-
69,810
3,945
-
69,810
3,945
546,444
69,810
3,945
-
69,810
3,945
-
69,810
3,945
546,438
69,810
3,945
-
69,810
3,945
-
69,810
3,945
546,441
69,810
3,945
-
69,810
3,945
-
69,810
3,945
546,444
292
74,047
292
30
199,077
292
30
745,521
292
30
199,077
292
30
199,077
292
30
745,515
292
30
199,077
292
30
199,077
292
30
745,518
292
30
199,077
292
30
199,077
292
30
745,521
837,723
47,340
2,185,766
3,501
334
4,449,664
(74,047)
13,423
104,479
650,923
650,923
104,485
650,923
650,923
104,482
650,923
650,923
104,479
4,262,836
Operating Cash Balance
5,953
23,423
127,902
778,824
1,429,747
1,534,232
2,185,154
2,836,077
2,940,559
3,591,481
4,242,404
4,346,883
Line of Credit Drawdowns
4,047
Ending Cash Balance
10,000
23,423
127,902
778,824
1,429,747
1,534,232
2,185,154
2,836,077
2,940,559
3,591,481
4,242,404
4,346,883
4,047
4,047
4,047
4,047
4,047
4,047
4,047
4,047
4,047
4,047
4,047
4,047
Cash Outflows
Investing Activities
New Capital Purchases
Inventory Purchases
Cost of Sales
Operating Activities
Salaries and Wages
Taxes
Financing Activities
Loan Payments
Line of Credit Interest
Line of Credit Repayments
Dividends Paid
Total Cash Outflows
Cash Flow
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
Totals
4,047
TakeCharge, Inc.
Balance Sheet - Year One
Base Period
Assets
Current Assets
Cash
Accounts Receivable
Inventory
Prepaid Expenses
Other Current
Fixed Assets
Real Estate
Buildings
Equipment
Vehicles
Other Fixed Assets
Total Fixed Assets
Total Assets

Liabilities
Accounts Payable
Notes Payable
Mortgage Payable
Total Liabilities
Owner's Equity
Common Stock
Retained Earnings
Dividends Dispersed
End of Year One
80,000
7,000
13,993
6,700
107,693
4,346,883
1,487,500
7,000
9,329
4,467
5,855,178
3,000
2,000
7,500
3,000
50,000
2,000
67,500
3,000
2,000
7,500
3,000
50,000
2,000
67,500
6,643
175,193
5,916,035
16,793
2,400
19,193
125,000
14,989
2,355
4,047
146,391
156,000
156,000
156,000
5,613,644
5,769,644
175,193
5,916,035
Statement Balances
Statement Balances
TakeCharge, Inc.
Year End Summary
Year One
Total Income
Total Cost of Sales
Gross Margin
Advertising
Contract Labor
Internet
Office Expenses
Supplies
Travel
Other Expenses
Amortized Start-up Expenses
Depreciation
Interest
Commercial Loan
Commercial Mortgage
Line of Credit
Taxes
Net Income
Year Two
Year Three
10,200,000
1,500,000
8,700,000
837,723
25,500,000
3,750,000
21,750,000
381,924
63,750,000
9,375,000
54,375,000
516,653
3,000
8,400
2,400
1,800
13,200
1,200
2,400
600
144
6,000
2,400
600
2,796
2,400
47,340
3,090
17,304
2,472
1,854
13,596
1,236
2,472
618
148
6,180
2,472
618
2,880
2,472
57,412
3,183
17,823
2,546
1,910
14,004
1,273
2,546
637
153
6,365
2,546
637
2,966
2,546
59,135
6,898
6,643
6,898
6,643
6,898
6,643
1,438
214
334
2,185,766
2,201,293
5,613,644
1,269
210
364
5,964,610
5,979,994
15,330,671
1,084
205
364
15,061,457
15,076,651
38,722,562
TakeCharge, Inc.
Projected Income Statement - Year Two
Month 1
Total Income
Total Cost of Sales
Gross Margin
Advertising
Contract Labor
Entertainment
Internet
Office Expenses
Supplies
Travel
Utilities
Net Income
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
Totals
2,125,000
2,125,000
2,125,000
2,125,000
2,125,000
2,125,000
2,125,000
2,125,000
2,125,000
2,125,000
2,125,000
2,125,000
25,500,000
312,500
312,500
312,500
312,500
312,500
312,500
312,500
312,500
312,500
312,500
312,500
312,500
3,750,000
1,812,500
1,812,500
1,812,500
1,812,500
1,812,500
1,812,500
1,812,500
1,812,500
1,812,500
1,812,500
1,812,500
1,812,500
21,750,000
31,827
31,827
31,827
31,827
31,827
31,827
31,827
31,827
31,827
31,827
31,827
31,827
381,924
258
1,442
206
155
1,133
103
206
52
12
515
206
52
240
206
4,784
258
1,442
206
155
1,133
103
206
52
12
515
206
52
240
206
4,784
258
1,442
206
155
1,133
103
206
52
12
515
206
52
240
206
4,784
258
1,442
206
155
1,133
103
206
52
12
515
206
52
240
206
4,784
258
1,442
206
155
1,133
103
206
52
12
515
206
52
240
206
4,784
258
1,442
206
155
1,133
103
206
52
12
515
206
52
240
206
4,784
258
1,442
206
155
1,133
103
206
52
12
515
206
52
240
206
4,784
258
1,442
206
155
1,133
103
206
52
12
515
206
52
240
206
4,784
258
1,442
206
155
1,133
103
206
52
12
515
206
52
240
206
4,784
258
1,442
206
155
1,133
103
206
52
12
515
206
52
240
206
4,784
258
1,442
206
155
1,133
103
206
52
12
515
206
52
240
206
4,784
258
1,442
206
155
1,133
103
206
52
12
515
206
52
240
206
4,784
3,090
17,304
2,472
1,854
13,596
1,236
2,472
618
148
6,180
2,472
618
2,880
2,472
57,412
498,338
498,337
498,336
498,335
498,334
498,333
498,332
498,331
498,331
498,330
498,329
498,328
5,979,994
1,277,551
1,277,552
1,277,553
1,277,554
1,277,554
1,277,555
1,277,556
1,277,557
1,277,558
1,277,559
1,277,560
1,277,561
15,330,671
TakeCharge, Inc.
Projected Cash Flow Statement - Year Two
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
Totals
4,346,883
5,034,949
5,854,266
6,138,685
7,914,251
9,689,818
9,974,233
#########
#########
#########
#########
#########
Cash Inflows
Income from Sales
Accounts Receivable
Total Cash Inflows
850,000
850,000
1,168,750
1,168,750
2,125,000
2,125,000
2,125,000
2,125,000
2,125,000
2,125,000
2,125,000
2,125,000
2,125,000
2,125,000
2,125,000
2,125,000
2,125,000
2,125,000
2,125,000
2,125,000
2,125,000
2,125,000
2,125,000
2,125,000
23,268,750
23,268,750
125,000
312,500
312,500
312,500
312,500
312,500
312,500
312,500
312,500
312,500
312,500
312,500
3,562,500
31,827
4,784
-
31,827
4,784
-
31,827
4,784
1,491,148
31,827
4,784
-
31,827
4,784
-
31,827
4,784
1,491,151
31,827
4,784
-
31,827
4,784
-
31,827
4,784
1,491,154
31,827
4,784
-
31,827
4,784
-
31,827
4,784
1,491,157
292
30
161,933
292
30
349,433
292
30
1,840,581
292
30
349,433
292
30
349,433
292
30
1,840,584
292
30
349,433
292
30
349,433
292
30
1,840,587
292
30
349,433
292
30
349,433
292
30
1,840,591
381,924
57,412
5,964,610
3,501
364
9,970,311
688,067
819,317
284,419
1,775,567
1,775,567
284,416
1,775,567
1,775,567
284,413
1,775,567
1,775,567
284,409
13,298,439
5,034,949
5,854,266
6,138,685
7,914,251
9,689,818
9,974,233
#########
#########
#########
#########
Cash Outflows
Inventory Purchases
Cost of Sales
Salaries and Wages
Taxes
Loan Payments
Dividends Paid
Total Cash Outflows
Cash Flow
Ending Cash Balance
5,034,949
5,854,266
6,138,685
7,914,251
9,689,818
9,974,233
4,047
4,047
4,047
4,047
4,047
4,047
#########
4,047
#########
4,047
#########
#########
4,047
#########
4,047
#########
4,047
#########
#########
4,047
TakeCharge, Inc.
Balance Sheet - Year Two
End of Year One

Assets
Current Assets
Cash
Accounts Receivable
Inventory
Prepaid Expenses
Other Current
Fixed Assets
Real Estate
Buildings
Equipment
Vehicles
Other Fixed Assets
Total Fixed Assets
Total Assets

Liabilities
Accounts Payable
Notes Payable
Mortgage Payable
Total Liabilities
Owner's Equity
Common Stock
Retained Earnings
Dividends Dispersed
End of Year Two
4,346,883
1,487,500
7,000
9,329
4,467
5,855,178
17,645,321
3,718,750
7,000
4,664
2,233
21,377,969
3,000
2,000
7,500
3,000
50,000
2,000
67,500
3,000
2,000
7,500
3,000
50,000
2,000
67,500
6,643
13,286
5,916,035
21,432,183
125,000
14,989
2,355
4,047
146,391
312,500
13,016
2,306
4,047
331,869
156,000
5,613,644
5,769,644
156,000
20,944,315
21,100,315
5,916,035
21,432,183
Statement Balances
Statement Balances
TakeCharge, Inc.
Projected Income Statement - Year Three
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
Totals
Income
Product/Service B
5,312,500
-
5,312,500
-
5,312,500
-
5,312,500
-
5,312,500
-
5,312,500
-
5,312,500
-
5,312,500
-
5,312,500
-
5,312,500
-
5,312,500
-
5,312,500
-
Total Income
5,312,500
5,312,500
5,312,500
5,312,500
5,312,500
5,312,500
5,312,500
5,312,500
5,312,500
5,312,500
5,312,500
5,312,500
Cost of Sales
Product/Service B
781,250
-
781,250
-
781,250
-
781,250
-
781,250
-
781,250
-
781,250
-
781,250
-
781,250
-
781,250
-
781,250
-
781,250
-
Total Cost of Sales
781,250
781,250
781,250
781,250
781,250
781,250
781,250
781,250
781,250
781,250
781,250
781,250
9,375,000
9,375,000
4,531,250
4,531,250
4,531,250
4,531,250
4,531,250
4,531,250
4,531,250
4,531,250
4,531,250
4,531,250
4,531,250
4,531,250
54,375,000
43,054
43,054
43,054
43,054
43,054
43,054
43,054
43,054
43,054
43,054
43,054
43,054
516,653
265
1,485
212
159
1,167
106
212
53
13
530
212
53
247
212
4,928
265
1,485
212
159
1,167
106
212
53
13
530
212
53
247
212
4,928
265
1,485
212
159
1,167
106
212
53
13
530
212
53
247
212
4,928
265
1,485
212
159
1,167
106
212
53
13
530
212
53
247
212
4,928
265
1,485
212
159
1,167
106
212
53
13
530
212
53
247
212
4,928
265
1,485
212
159
1,167
106
212
53
13
530
212
53
247
212
4,928
265
1,485
212
159
1,167
106
212
53
13
530
212
53
247
212
4,928
265
1,485
212
159
1,167
106
212
53
13
530
212
53
247
212
4,928
265
1,485
212
159
1,167
106
212
53
13
530
212
53
247
212
4,928
265
1,485
212
159
1,167
106
212
53
13
530
212
53
247
212
4,928
265
1,485
212
159
1,167
106
212
53
13
530
212
53
247
212
4,928
265
1,485
212
159
1,167
106
212
53
13
530
212
53
247
212
4,928
3,183
17,823
2,546
1,910
14,004
1,273
2,546
637
153
6,365
2,546
637
2,966
2,546
59,135
1,256,393
1,256,392
1,256,391
1,256,390
1,256,389
1,256,388
1,256,387
1,256,386
1,256,385
1,256,384
1,256,383
1,256,382
15,076,651
Net Income
3,226,875
3,226,876
3,226,877
3,226,878
3,226,879
3,226,880
3,226,881
3,226,882
3,226,883
3,226,884
3,226,885
3,226,886
38,722,562
Gross Margin
Advertising
Contract Labor
Entertainment
Internet
Office Expenses
Supplies
Travel
Utilities
63,750,000
63,750,000
TakeCharge, Inc.
Projected Cash Flow Statement - Year Three
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 Inflows
Income from Sales
Accounts Receivable
Total Cash Inflows
2,125,000
2,125,000
2,921,875
2,921,875
5,312,500
5,312,500
5,312,500
5,312,500
5,312,500
5,312,500
5,312,500
5,312,500
5,312,500
5,312,500
5,312,500
5,312,500
5,312,500
5,312,500
5,312,500
5,312,500
5,312,500
5,312,500
5,312,500
5,312,500
58,171,875
58,171,875
312,500
781,250
781,250
781,250
781,250
781,250
781,250
781,250
781,250
781,250
781,250
781,250
8,906,250
43,054
4,928
-
43,054
4,928
-
43,054
4,928
3,765,359
43,054
4,928
-
43,054
4,928
-
43,054
4,928
3,765,362
43,054
4,928
-
43,054
4,928
-
43,054
4,928
3,765,366
43,054
4,928
-
43,054
4,928
-
43,054
4,928
3,765,369
292
30
360,804
292
30
829,554
292
30
4,594,913
292
30
829,554
292
30
829,554
292
30
4,594,917
292
30
829,554
292
30
829,554
292
30
4,594,920
292
30
829,554
292
30
829,554
292
30
4,594,924
516,653
59,135
15,061,457
3,501
364
24,547,359
Cash Flow
1,764,196
2,092,321
717,587
4,482,946
4,482,946
717,583
4,482,946
4,482,946
717,580
4,482,946
4,482,946
717,576
33,624,516
#########
#########
#########
#########
#########
#########
#########
#########
Cash Outflows
Inventory Purchases
Cost of Sales
Salaries and Wages
Taxes
Loan Payments
Dividends Paid
Total Cash Outflows

Ending Cash Balance
#########
4,047
#########
4,047
#########
#########
4,047
#########
4,047
#########
4,047
#########
#########
4,047
#########
4,047
#########
4,047
#########
#########
4,047
#########
4,047
#########
4,047
Totals
#########
#########
4,047
TakeCharge, Inc.
Balance Sheet - Year Three
End of Year Two

Assets
Current Assets
Cash
Accounts Receivable
Inventory
Prepaid Expenses
Other Current
17,645,321
3,718,750
7,000
4,664
2,233
21,377,969
End of Year Three
51,269,837
9,296,875
7,000
0
(0)
60,573,712
Fixed Assets
Real Estate
Buildings
Equipment
Vehicles
Other Fixed Assets
Total Fixed Assets
3,000
2,000
7,500
3,000
50,000
2,000
67,500
3,000
2,000
7,500
3,000
50,000
2,000
67,500
13,286
19,929
21,432,183
60,621,283
312,500
13,016
2,306
4,047
331,869
781,250
10,857
2,252
4,047
798,406
156,000
20,944,315
21,100,315
156,000
59,666,877
59,822,877
21,432,183
60,621,283
Total Assets

Liabilities
Accounts Payable
Notes Payable
Mortgage Payable
Total Liabilities
Owner's Equity
Common Stock
Retained Earnings
Dividends Dispersed
Statement Balances
Statement Balances
TakeCharge, Inc.
Financial Ratios
Ratio
Liquidity
Current Ratio
Quick Ratio
Safety
Debt to Equity Ratio
Debt to Coverage Ratio
Profitability
Sales Growth
COGS to Sales
Gross Profit Margin
SG&A to Sales
Net Profit Margin
Return on Equity
Return on Assets
Owner's Compensation to Sales
Efficiency
Days in Receivables
Accounts Receivable Turnover
Days in Inventory
Inventory Turnover
Sales to Total Assets
Year One
Year Two
Year Three
40.00
39.85
64.42
64.38
75.87
75.86
0.03
38.39
0.02
46.22
0.01
48.51
0.15
0.85
0.09
0.55
0.97
0.95
0.01
1.50
0.15
0.85
0.02
0.60
0.73
0.72
0.00
1.50
0.15
0.85
0.01
0.61
0.65
0.64
0.00
52.50
6.86
1.68
214.29
1.72
52.50
6.86
0.67
535.71
1.19
52.50
6.86
0.27
1,339.29
1.05
TakeCharge, Inc.
Breakeven Analysis
Breakeven Analysis
Annual Sales Revenue
Cost of Sales
Gross Margin
Dollars
10,200,000
1,500,000
8,700,000
Salaries and Wages

837,723
55,969
893,692
Breakeven Sales Calculation
893,692
85.29%
Breakeven Sales in Dollars
1,047,777
Percent
100.00%
14.71%
85.29%
TakeCharge, Inc.
Amortization Schedule
Loan Type
Commercial Loan
Principal Amount
$
Interest Rate
Loan Term in Months
Monthly Payment Amount
Assumptions
Year One
Interest
Principal
Loan Balance
Year Two
Interest
Principal
Loan Balance
Year Three
Interest
Principal
Loan Balance
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
Totals
126
144
16,649
125
145
16,503
124
146
16,357
123
148
16,210
122
149
16,061
120
150
15,911
119
151
15,760
118
152
15,608
117
153
15,455
116
154
15,301
115
155
15,146
114
157
14,989
1,438
1,804
112
158
14,831
111
159
14,672
110
160
14,512
109
161
14,351
108
163
14,188
106
164
14,024
105
165
13,859
104
166
13,693
103
167
13,526
101
169
13,357
100
170
13,187
99
171
13,016
1,269
1,973
98
173
12,843
96
174
12,669
95
175
12,494
94
176
12,318
92
178
12,140
91
179
11,961
90
180
11,780
88
182
11,598
87
183
11,415
86
185
11,231
84
186
11,045
83
187
10,857
1,084
2,158
18
4
2,396
18
4
2,393
18
4
2,389
18
4
2,385
18
4
2,382
18
4
2,378
18
4
2,374
18
4
2,370
18
4
2,367
18
4
2,363
18
4
2,359
18
4
2,355
214
45
18
4
2,351
18
4
2,347
18
4
2,343
18
4
2,339
18
4
2,335
18
4
2,331
17
4
2,327
17
4
2,323
17
4
2,319
17
4
2,314
17
4
2,310
17
4
2,306
210
49
17
4
2,302
17
4
2,297
17
4
2,293
17
4
2,289
17
4
2,284
17
4
2,280
17
4
2,275
17
5
2,271
17
5
2,266
17
5
2,261
17
5
2,257
17
5
2,252
205
54
16,793
9.00%
84.00
$270.18
Year One
Interest
Principal
Loan Balance
Year Two
Interest
Principal
Loan Balance
Year Three
Interest
Principal
Loan Balance
Commercial Mortgage
Principal Amount
$
Interest Rate
Loan Term in Months
Monthly Payment Amount
Month 1
2,400.00
9.00%
240.00
$21.59
TakeCharge, Inc.
Financial Diagnostics
This sheet performs a few tests on your numbers to see if they seem within certain reasonable ranges.
Remember, no computer can tell whether your projections are truly well-constructed, only a human can do that.
But these tests can at least look for values that are critically out of range.
Financial Diagnostics
General Financing Assumptions
Owner's Cash Injection into the Business
Cash Request as percent of Total Required Funds
Value
27.47%
45.79%
Loan Assumptions
Commercial Loan Interest rate
Commercial Loan Term in Months
Commercial Mortgage Interest rate
Commercial Mortgage Term in Months
Loan Payments as a Percent of Projected Sales
Cash Flow Statement

Desired Operating cash Flow Levels
Accounts Receivable Ratio to Sales
$
$
Balance Sheet
Does the Base Period Balance Sheet Balance?
Does the Final Balance Sheet Balance
Debt to Equity Ratio
Breakeven Analysis
Breakeven Levels
Interest rate seems reasonable

Loan term seems within range for this type of loan
9.00%
240.00
Interest rate seems reasonable

Loan term seems within range for this type of loan
#REF!
72,000
1.28%
0.03%
5,613,644
#REF!
4,047
4,047
14.58%
2.54%
Owner's injection is reasonable

Cash request exceeds 20% which might be high
9.00%
84
0.00%
Income Statement
Gross Margin as a Percent of Sales
Owner's Compensation Lower Limit Check
$
Owner's Compensation Upper Limit Check
Advertising Expense Levels as a Percent of Sales
Profitability Levels
$
Profitability as a Percent of Sales
Findings
9,152,223
Calculated loan payments as a percent of sales seem resonable
#REF!
An owner's compensation amount has been established
Owner's compensation seems reasonable
Advertising as a percent of sales may be too low
The business is showing a profit
#REF!
The financial projection does not provide the desired level of cash flow
The business will need at least this level of a line of credit
Accounts receivable amount as a percent of sales seems reasonable
The balance sheet does balance

The balance sheet does balance
The debt to equity ratio seems reasonable
The sales projection exceeds the projected break-even sales level
End of Year One
End of Year Two
End of Year Three
Assets
Current Assets
Cash
Accounts Receivable
Inventory
Prepaid Expenses
Other Current
$
$
$
$
$
$
4,346,882.60
1,487,500.00
7,000.00
9,328.67
4,466.67
5,855,177.93
$
$
$
$
$
$
17,645,321.34
3,718,750.00
7,000.00
4,664.33
2,233.33
21,377,969.00
$
$
$
$
$
$
Fixed Assets
Real Estate
Buildings
Equipment
Vehicles
Other Fixed Assets
Total Fixed Assets
$
$
$
$
$
$
$
$
3,000.00
2,000.00
7,500.00
3,000.00
50,000.00
2,000.00
67,500.00
$
$
$
$
$
$
$
$
3,000.00
2,000.00
7,500.00
3,000.00
50,000.00
2,000.00
67,500.00
$
$
$
$
$
$
$
$
3,000.00
2,000.00
7,500.00
3,000.00
50,000.00
2,000.00
67,500.00
6,642.86
13,285.71
19,928.57
Total Assets
5,916,035.00
21,432,183.00
60,621,283.00

Liabilities
Accounts Payable
Notes Payable
Mortgage Payable
Total Liabilities
$
$
$
$
$
125,000.00
14,988.95
2,355.05
4,047.03
146,391.03
$
$
$
$
$
312,500.00
13,015.67
2,305.89
4,047.03
331,868.59
$
$
$
$
$
781,250.00
10,857.28
2,252.12
4,047.03
798,406.43
$
$
$
$
156,000.00
5,613,644.04
5,769,644.04
$
$
$
$
156,000.00
20,944,314.70
21,100,314.70
$
$
$
$
156,000.00
59,666,876.85
59,822,876.85
5,916,035.00
21,432,183.00
60,621,283.00
Owner's Equity
Common Stock
Retained Earnings
Dividends Dispersed
Statement Balances
Statement Balances
51,269,836.85
9,296,875.00
7,000.00
0.00
(0.00)
60,573,711.85
Statement Balances
ent Balances

Business Plan Proforma - From Mike Leonard - Public Domain

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Business Plan Proforma - From Mike Leonard - Public Domain

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Financial Projection Model

Begin by clicking on the tabs below

Required Start-Up Funds

Total Required Funds

Total Sources of Funding

A line of credit is also required in the amount of

Salaries and Related Expenses

Total Salaries and Related Expenses

Fixed Operating Expenses

Total Fixed Operating Expenses

Products and Services

Product/Service A - Billable Hrs.

Breakeven Sales Revenue $

Breakeven Sales Revenue $

Products and Services

Breakeven Sales Revenue $

Breakeven Sales Revenue $

Accounts Receivable Collections

Accounts Payable Disbursements

Line of Credit Assumptions

Liabilities and Owner's Equity

Total Cost of Sales

Total Other Expenses

Total Salary and Wages

Beginning Cash Balance

Operating Cash Balance

Line of Credit Drawdowns

Ending Cash Balance

Line of Credit Balance

Liabilities and Owner's Equity

End of Year One

Beginning Cash Balance

Line of Credit Balance

End of Year One

Liabilities and Owner's Equity

End of Year Two

Total Cost of Sales

Total Other Expenses

Beginning Cash Balance

Operating Cash Balance

Line of Credit Drawdowns

Line of Credit Balance

End of Year Two

End of Year Three

Less: Accumulated Depreciation

Liabilities and Owner's Equity

Salaries and Wages

Breakeven Sales Calculation

Breakeven Sales in Dollars

Cash Flow Statement

Interest rate seems reasonable

Interest rate seems reasonable

Owner's injection is reasonable

Calculated loan payments as a percent of sales seem resonable

The balance sheet does balance

The sales projection exceeds the projected break-even sales level

End of Year One

End of Year Two

End of Year Three