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Mechanic Auto Repair Sample Business Plan
Mechanic Auto Repair Sample Business Plan
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Table of Contents
1.0 Executive Summary.............................................................................................................................1
1.1 Mission........................................................................................................................................1
1.2 Objectives ...................................................................................................................................2
1.3 Keys to Success ........................................................................................................................2
2.0 Company Summary.............................................................................................................................2
2.1 Company History........................................................................................................................2
3.0 Products and Services........................................................................................................................4
4.0 Market Analysis Summary..................................................................................................................5
4.1 Market Segmentation ................................................................................................................5
4.2 Target Market Segment Strategy.............................................................................................6
4.3 Service Business Analysis........................................................................................................7
4.3.1 Competition and Buying Patterns .........................................................................................7
5.0 Strategy and Implementation Summary ............................................................................................7
5.1 Competitive Edge ......................................................................................................................7
5.2 Marketing Strategy.....................................................................................................................7
5.3 Sales Strategy............................................................................................................................8
5.3.1 Sales Forecast........................................................................................................................8
5.4 Milestones...................................................................................................................................9
6.0 Web Plan Summary ..........................................................................................................................11
6.1 Website Marketing Strategy...................................................................................................12
6.2 Development Requirements ...................................................................................................13
6.2.1 Technical Specifications......................................................................................................14
7.0 Management Summary ....................................................................................................................14
7.1 Personnel Plan.........................................................................................................................15
8.0 Financial Plan ....................................................................................................................................16
8.1 Break-even Analysis................................................................................................................17
8.2 Projected Profit and Loss .......................................................................................................18
8.3 Projected Cash Flow...............................................................................................................21
8.4 Projected Balance Sheet ........................................................................................................24
8.5 Business Ratios .......................................................................................................................24
8.6 Financial Risks and Contingencies-2....................................................................................26
Page 1
Mad Keen Motors
Mad Keen Motors is a family-owned business loc ated in Bac kwater Downs, a suburb of London. It
has been under the ownership of the Keen family for 35 years and has grown from a single
mec hanical repair shop to five loc ations that deal with body and mechanical repairs, vehicle
storage and towing, washing and valeting and used car sales.
This plan is an internal document, outlining the effects on the company of adding a website. The
Mad Keen Motors website will ac t as an additional customer service element for all our garages,
offering basic advice on car maintenance, information about our services, staff, and loc ation,
and regular disc ount offers for website visitors on featured repairs and maintenance.
Our current phone-based and fac e-to-fac e customer service is excellent, but requires that
potential customers make ac tive contac t with the company to learn about us. Most of our new
business comes from referrals from current satisfied customers. We hope to make the referral
proc ess easier, by encouraging existing customers to point out our website to their friends,
colleagues, neighbours and family members, building familiarity with our company long before
they need emergency car care or consider buying another car. The "advice" section will be
crucial in establishing customers' trust in our expertise, as will our affiliation with nationally-
syndicated car experts.
By helping loc al customers help themselves, Mad Keen hopes to build trust and relationships with
existing and potential customers.
1.1 Mission
Mad Keen Motors provides excellent automotive care and service to all of our customers,
whether they need to buy a used car, contrac t major body work or get a simple wash and wax.
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Mad Keen Motors
1.2 Objectives
1. Compiling an extensive and thorough listing of questions and answers that will encourage
customers to return to the site whenever they have a problem with their cars.
2. Providing additional expert advice for answers that customers don't find in the base list of
questions in a timely and thorough manner.
3. Offering Web-based promotions that will encourage customers to book cars into the garage
through the website.
4. Communicating the site's existence to the businesses and residents within the loc al area.
5. Getting existing customers to rec ommend the website to others.
Mad Keen Motors is a family-owned business loc ated in Bac kwater Downs, a suburb of London. It
has been under the ownership of the Keen family for 35 years and has grown from a single
mec hanical repair shop to five loc ations that deal with body and mechanical repairs, vehicle
storage and towing, washing and valeting and used car sales.
Mad Keen Motors has done very well. Annual net profits have exceeded 30,000 for the last two
years. We dec reased the marketing budget last year, which led to a small dec line in sales. By
directing the missing amount (and a bit more) towards the creation of a website, we hope to
increase overall sales and net profits. The table shows only last year's performance.
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Mad Keen Motors
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Mad Keen Motors
Balance Sheet
FY 2003 FY 2004 FY 2005
Current Assets
Cash 0 0 203,488
Stock 0 0 12,040
Other Current Assets 0 0 70,000
Total Current Assets 0 0 285,528
Fixed Assets
Capital Assets 0 0 1,250,000
Accumulated Depreciation 0 0 15,000
Total Fixed Assets 0 0 1,235,000
Current Liabilities
Accounts Payable 0 0 20,000
Current Borrowing 0 0 0
Other Current Liabilities (interest free) 0 0 0
Total Current Liabilities 0 0 20,000
Other Inputs
Payment Days 0 0 30
Mad Keen Motors offers body and mec hanical repairs, vehicle storage and towing, washing and
valeting and used car sales.
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Mad Keen Motors
Mad Keen will target the following market segments with its website:
Mad Keen Motors segments its customers by type of car ownership. We believe that the type of
car that a person owns says volumes about their driving and therefore their garage
requirements.
1. New car owners: owners of newer cars are likely not to use the company's garage repair
service. If they do have problems with their car, they will return to the dealer where they
bought it. These owners, though, will take great pride in their cars and will bring them often
to the wash and valet service. The goal with these customers is to promote regular use of
the wash and valet service. Eventually, as their warranty runs out, the goal will be to sell
them on the efficiency, excellent service and price competitiveness of Mad Keen Motors'
repair services.
2. Older luxury car owners: people who have either owned their high-end luxury cars for
some years, or are unable to afford the expense of a brand new luxury car but want the feel
of relaxed driving. Both of these groups want to keep their cars in the best shape possible.
Those who have bought second-hand cars will often spend many hours in their cars and will
plac e much importance on reliability. These owners will bring their cars in for regular services
and oc casional valets.
3. Sports car owners: people who are younger, or middle-aged men, and will regard
performance as important. They will also pride themselves on the look of their car and if
involved in a minor sc rape will have the body repaired very quickly, since looks are also
important. These people will have regular service and tune-ups on their cars.
4. Lifetime owners: many of these people have owned their cars for more than five or six
years. They are more likely to be women. They are attac hed to their cars as friends and
though it may be more sensible for them to purchase a new car, they will continue to have
repairs done on their "old faithful."
5. Buyers: the site will provide links to information on new and used car prices and include tips
on what to look for when buying a car.
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Mad Keen Motors
Aside from the washing and valet services, we are currently targeting owners of older cars or
cars in need of much maintenance, since that will provide us the greatest revenue.
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Mad Keen Motors
The garage repair business as a whole is fragmented. There are a few major dealerships in eac h
area, with a larger number of small garage repair shops, like Mad Keen Motors. Dealers target
customers who buy new and used cars from them. Small garages rely on word of mouth and get
most new customers bec ause of emergency car care needs.
Word of mouth is important in the car repair business, since people are very wary of garages,
due to their lac k of knowledge of cars and engines. Mad Keen Motors leads the loc al competition
in regards to word of mouth, having been in business for over three dec ades under the same
ownership.
Competition from dealerships is bec oming stiffer. Car design is bec oming more and more
specialized, as car manufacturers aim to encourage owners of their vehicles to have services
carried out at their franchised dealerships. However, small garages like Mad Keen have a price
advantage over dealership, usually charging 50-70% less per hour for repair work.
The marketing budget for this website is limited, so we will be relying on grassroots and viral
marketing to spread the word about the site. In addition, the narrow geographical foc us of the
business does not necessitate large sc ale advertising and marketing support. We will foc us on
communicating with neighbours, nearby businesses, and existing customers to get the word out
about the new website.
1. Provides a loc al service for Bac kwater Downs car owners and wannabe car owners;
2. Has the benefit of over 60 years of automobile repair experience to draw from;
3. Provides an additional mode of communication for customers.
In addition, the website itself will be a competitive edge for the company as a whole, opening up
new methods of communicating with our customers and potential customers, and making
bookings and customer service faster and more convenient.
Each of the car-owning groups identified in the Market Segmentation will be targeted, with
different portions of the website directed at their unique needs.
Our marketing strategy for the website itself involves mailing fliers to all existing customers in our
database, as well as to nearby neighbours and businesses. The fliers will include a special
savings code - by going to the website and entering the code on the mailer, they ac cess a 10%
off coupon they can use on their next visit.
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Mad Keen Motors
Mad Keen c loses the sale by always putting our best fac e forward. Employees are thoroughly
trained in c ustomer service, the fac ilities are attrac tive and clean, and estimates for repair work
are prepared promptly. A customer who is not suffering an immediate emergency will "shop
around" until he finds a shop that feels trustworthy - it is our job to earn that trust in every
encounter and contrac t.
"Standard revenues" represents projec tions of existing revenue streams over the next three
years. The second line shows projec tions for additional sales and costs directly related to the
new website, either from increased visibility or online coupons.
By the end of the 2006, we expec t almost 2.5% of monthly sales to be directly trac eable to the
website, rising to 4% by the end of 2008.
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Mad Keen Motors
5.4 Milestones
The following milestones illustrate the timeline for the development and implementation of our
website.
Table: Milestones
Milestones
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Mad Keen Motors
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Mad Keen Motors
The key champion for the development of the website is the co-owner of Mad Keen Motors, Mark
Keen. He will be responsible for managing the development of the site and will work closely with
Adrian Monkey on the design and creation. He will also be responsible for implementing the
promotions that will be run at least monthly on the site and will maintain the "Ask the Mechanic"
section on the site.
Most of the site development will be carried out by the consultant, Adrian Monkey. He will
initially be paid a pre-arranged fee as he completes eac h stage of development. Later he will be
paid a monthly retainer to maintain the site.
Barry Keen will work with Mark to develop the content section of the site dealing with typical car
problems and tips on maintaining your vehicle during the different seasons.
Traffic Forecast
The following traffic forec ast has been c reated after researching other small loc al service
websites, and based on the size of the potential market with Internet presence in the Bac kwater
Downs area. It is a conservative estimate of monthly page views and unique user sessions.
Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
Unique 100 175 250 450 600 400 400 600 600 500 400 600
Users
Page 500 800 1250 2200 2900 2000 2000 2900 2900 2400 2000 2900
Views
Total 600 975 1500 2650 3500 2400 2400 3500 3500 2900 2400 3500
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Mad Keen Motors
1. To provide potential and existing customers with information about their cars through the
provision of a typical problems area, plus an Ask the Mechanic Question and Answer section,
where they can have specific questions about their cars answered.
2. To ease the service experience and improve customer service through online booking
database section that will allow them to review their cars service and repair rec ords.
For older luxury car owners who value personal service, Mad Keen Motors website will provide
another way for them to interac t with the garage and provide excellent customer service. Unlike
dealerships websites, it will not simply foc us on new cars, it will provide them valuable
information on their make and model of older luxury car as well as a full database of information
on their car that they will be able to ac cess at any time.
For buyers who require an abundance of information when making a purchase, Mad Keen Motors
website will provide an extensive list of online resources, so will ac t as a starting point for their
search for information eac h time they ac cess the Web. Unlike other online sites it will also give
customers information about what to look for in a used car, that may save them the time and
money of a mec hanics inspec tion.
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Mad Keen Motors
Website Outline
The site will be designed with the following technology: ColdFusion, SQL and HTML.
Home Page: explains the website's relation to the company, with visible links to the other
sections of the site.
Section 1 - Q&A: begins with search. Visible links will go off to the subsections below.
Ask the Mechanic: simple form that sends directly to the head mechanic.
Q&A Browse: users will be able to browse through other customer's Q&A sessions.
Section 2 - Booking
Page 1: first page will display available dates, customer clicks on preferred available time,
and proc eeds to the next page.
Page 2: customer fills out name, phone number, and car problem.
Page 3: confirmation page for customer to print off as a reminder.
User Car Information: first page has two links: "Buying a car" and "Selling a car."
Buying a car: first half of page with summary information, bottom half contains links to helpful
sites.
Selling a car: first half of page with summary information, bottom half contains links to helpful
sites.
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Mad Keen Motors
Front End
Bec ause most people in the UK currently ac cess the Web from their homes at 56.6k or less, the
user interfac e will be a simple as possible, though still looking professional. Graphics will be kept
to a minimum in order to keep download times short. Though pictures of cars for sale will take up
room, thumbnail views with access to larger views will be used.
Information will be organized in buckets listed on front of eac h page so navigation will be as
simple as possible for users.
The Objectives of the User Interfac e will be:
1. To allow easy and fast navigation for the users.
2. To create interest so that people will use and return to the site.
3. Display a lot of content information in a simple a manner as possible.
4. To encourage user interac tion, i.e. bookings online and questions to the mec hanics.
Back End
The bac k end of the site will be very simple, since it is really an information only website. There
will be a number of areas where a visitor can send an email to request an answer to an expert
question, to get information about a used car for sale or to book in their car for service.
Visitors will be able to interac t with the site in two ways:
1. Send an email requesting an appointment to have their car cleaned, valeted or repaired.
2. To ask questions about problems they may be having with their car, for example "I had new
brake pads fitted on my car approximately eight moths ago and they have started squeaking.
Is it possible that they are worn out already?"
We will be hiring a Web engineer, Adrian Monkey, to build the website, so he will build this
functionality into the site. We will rely on Adrian to give us rec ommendations for the database
we will use to support the site.
Resource Requirements
Mad Keen Motors will hire the services of a consultant, Adrian Monkey, to build the website. Both
the bac k end and the front end will be outsourced. The contents of the Website will be
developed by the company owners, who between them have over 60 years of automobile repair
experience, and the secretary who has excellent writing skills.
Future Development
Future development will be assessed after the website has been launched and user tested. It is
hoped that the site will be popular enough to include an area for online repair bookings.
Mad Keen Motors is a family business, in which eac h employed family member oversees the area
of operations best suited to his or her talents.
Mark Keen is in c harge of marketing and advertising, and non-mec hanic employee training and
personnel issues. Mark will oversee the company's new website
Barry Keen is head mec hanic, and supervises all the mec hanics working for Mad Keen Motors.
Elisabeth Keen oversees the financial aspec ts of the business, including billing, ac counting,
and taxes.
In weekly meetings, these managers follow up on planned goals and deadlines and plan for the
ongoing operations of the business.
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Mad Keen Motors
Mad Keen employees ten full-time mec hanics, as well as eight other full-time workers who serve
as rec eptionists, car wash and valet attendants, and salespeople.
Table: Personnel
Personnel Plan
FY 2006 FY 2007 FY 2008
Mark Keen, Co-Owner 24,000 20,000 20,000
Barry Keen, Co-Owner 18,000 20,000 20,000
Mechanics 240,000 242,000 243,000
Other Staff 102,000 103,000 104,000
Elisabeth Keen, Admin 18,000 20,000 20,000
Total People 17 17 19
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Mad Keen Motors
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Mad Keen Motors
The following table and chart show our break-even analysis with the website in plac e.
Assumptions:
Average Percent Variable Cost 4%
Estimated Monthly Fixed Cost 38,925
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Mad Keen Motors
This table outlines additions to the standard operating expenses for developing and maintaining
the website. Detailed monthly numbers can be found in the appendix.
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Mad Keen Motors
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Mad Keen Motors
Expenses
Payroll 402,000 405,000 407,000
Other Expense Account Name 0 0 0
Depreciation 4,800 4,800 4,800
Standard Operating Expenses 0 190,000 196,000
Website Infrastructure 0 0 0
Website Development 0 0 0
Website Maintenance 0 1,500 1,500
Expensed Equipment 0 2,000 1,200
Payroll Taxes (National Insurance, etc.) 60,300 60,750 61,050
Other 0 0 0
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Mad Keen Motors
Mad Keen Motors is in a strong c ash position right now, and can afford the relatively small
expenses to start up the website. The following table and chart show our projected cash flow
and cash balance.
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Mad Keen Motors
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Mad Keen Motors
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Mad Keen Motors
Our Net Worth will continue to grow as we pay off the mortgage for the two newest Mad Keen
Motors loc ations.
Current Assets
Cash 399,575 535,794 723,438
Stock 2,748 2,817 2,912
Other Current Assets 70,000 70,000 70,000
Total Current Assets 472,323 608,611 796,350
Fixed Assets
Fixed Assets 1,250,000 1,250,000 1,250,000
Accumulated Depreciation 19,800 24,600 29,400
Total Fixed Assets 1,230,200 1,225,400 1,220,600
Total Assets 1,702,523 1,834,011 2,016,950
Current Liabilities
Accounts Payable 19,446 20,233 20,830
Current Borrowing 0 0 0
Other Current Liabilities 130,738 263,250 400,485
Subtotal Current Liabilities 150,183 283,483 421,316
The following table outlines some of the more important ratios from the General Automotive
Repair Shop industry. The final column, Industry Profile, details specific ratios based on the
industry.
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Mad Keen Motors
Table: Ratios
Ratio Analysis
FY 2006 FY 2007 FY 2008 Industry Profile
Sales Growth 3.05% 2.52% 3.37% 5.37%
Percent of Sales
Sales 100.00% 100.00% 100.00% 100.00%
Gross Margin 96.00% 96.00% 96.00% 100.00%
Selling, General & Administrative Expenses 74.83% 73.80% 72.32% 71.18%
Advertising Expenses 0.00% 0.00% 0.00% 1.75%
Profit Before Interest and Taxes 39.20% 40.19% 41.74% 2.37%
Main Ratios
Current 3.14 2.15 1.89 1.48
Quick 3.13 2.14 1.88 0.91
Total Debt to Total Assets 51.46% 53.73% 54.50% 54.67%
Pre-tax Return on Net Worth 30.09% 31.51% 32.12% 3.63%
Pre-tax Return on Assets 14.61% 14.58% 14.61% 8.00%
Activity Ratios
Stock Turnover 8.86 12.12 12.17 n.a
Accounts Payable Turnover 11.94 12.17 12.17 n.a
Payment Days 30 29 30 n.a
Total Asset Turnover 0.48 0.46 0.43 n.a
Debt Ratios
Debt to Net Worth 1.06 1.16 1.20 n.a
Current Liab. to Liab. 0.17 0.29 0.38 n.a
Liquidity Ratios
Net Working Capital 322,140 325,128 375,034 n.a
Interest Coverage 4.37 4.75 5.27 n.a
Additional Ratios
Assets to Sales 2.07 2.18 2.31 n.a
Current Debt/Total Assets 9% 15% 21% n.a
Acid Test 3.13 2.14 1.88 n.a
Sales/Net Worth 1.00 0.99 0.95 n.a
Dividend Payout 0.00 0.00 0.00 n.a
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Mad Keen Motors
If the site is not supported properly and people do not get quick answers to their questions,
they may assume that service from the garage itself is lac king too. Therefore, emails must be
answered promptly, the site must be updated regularly and the garage workers should also be
aware of information and features on the website, and be educated about it when they speak to
customers.
Contingency Plan
Since there will be minimal integration between the website and Mad Keen Motors' c ore business,
a contingency plan is not a huge concern. If use of the site falls well below forec asted levels
and it proves not to be cost effective to continue the site in its current format, the site will be
changed to essentially a business card site, where people can get information about the garage,
loc ation, hours, ownership information, etc.
Page 26
Appendix
Table: Sales Forecast
Sales Forecast
Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
Sales VAT Rate
Revenue from all Standard Streams 17.50% 67,000 67,000 67,000 67,000 67,000 67,000 67,000 67,000 67,000 67,000 67,000 67,000
Increased Sales through website 17.50% 660 1,000 1,400 1,700 1,350 1,350 1,350 1,700 2,050 2,400 1,700 1,700
Other 17.50% 0 0 0 0 0 0 0 0 0 0 0 0
Total Sales 67,660 68,000 68,400 68,700 68,350 68,350 68,350 68,700 69,050 69,400 68,700 68,700
Direct Cost of Sales VAT Rate Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
Direct Costs 17.50% 2,706 2,720 2,736 2,748 2,734 2,734 2,734 2,748 2,762 2,776 2,748 2,748
Other 17.50% 0 0 0 0 0 0 0 0 0 0 0 0
Subtotal Direct Cost of Sales 2,706 2,720 2,736 2,748 2,734 2,734 2,734 2,748 2,762 2,776 2,748 2,748
Page 1
Appendix
Table: Personnel
Personnel Plan
Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
Mark Keen, Co-Owner 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
Barry Keen, Co-Owner 0% 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500
Mechanics 0% 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000
Other Staff 0% 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500
Elisabeth Keen, Admin 0% 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500 1,500
Total People 17 17 17 17 17 17 17 17 17 17 17 17
Total Payroll 33,500 33,500 33,500 33,500 33,500 33,500 33,500 33,500 33,500 33,500 33,500 33,500
Page 2
Appendix
Table: Profit and Loss
Gross Margin 64,954 65,280 65,664 65,952 65,616 65,616 65,616 65,952 66,288 66,624 65,952 65,952
Gross Margin % 96.00% 96.00% 96.00% 96.00% 96.00% 96.00% 96.00% 96.00% 96.00% 96.00% 96.00% 96.00%
Total Operating Expenses VAT Rate 38,925 38,925 38,925 38,925 38,925 38,925 38,925 38,925 38,925 38,925 38,925 38,925
Profit Before Interest and Taxes 26,029 26,355 26,739 27,027 26,691 26,691 26,691 27,027 27,363 27,699 27,027 27,027
EBITDA 26,429 26,755 27,139 27,427 27,091 27,091 27,091 27,427 27,763 28,099 27,427 27,427
Interest Expense 6,233 6,217 6,200 6,183 6,167 6,150 6,133 6,117 6,100 6,083 6,067 6,050
Taxes Incurred 5,939 6,041 6,162 6,253 6,157 6,162 6,167 6,273 6,379 6,485 6,288 6,293
Net Profit 13,857 14,097 14,377 14,591 14,367 14,379 14,390 14,637 14,884 15,131 14,672 14,684
Net Profit/Sales 20.48% 20.73% 21.02% 21.24% 21.02% 21.04% 21.05% 21.31% 21.56% 21.80% 21.36% 21.37%
Page 3
Appendix
Table: Cash Flow
Expenditures Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
Net Cash Flow 22,674 26,446 26,830 (6,707) 24,469 23,510 (8,938) 23,922 24,214 (7,839) 23,619 23,888
Cash Balance 226,162 252,608 279,438 272,731 297,199 320,709 311,772 335,693 359,907 352,068 375,688 399,575
Page 4
Appendix
Table: Balance Sheet
Current Assets
Cash 203,488 226,162 252,608 279,438 272,731 297,199 320,709 311,772 335,693 359,907 352,068 375,688 399,575
Stock 12,040 9,334 6,614 3,878 2,748 2,734 2,734 2,734 2,748 2,762 2,776 2,748 2,748
Other Current Assets 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000
Total Current Assets 285,528 305,495 329,222 353,315 345,479 369,933 393,443 384,506 408,441 432,669 424,844 448,436 472,323
Fix ed Assets
Fix ed Assets 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000 1,250,000
Accumulated Depreciation 15,000 15,400 15,800 16,200 16,600 17,000 17,400 17,800 18,200 18,600 19,000 19,400 19,800
Total Fixed Assets 1,235,000 1,234,600 1,234,200 1,233,800 1,233,400 1,233,000 1,232,600 1,232,200 1,231,800 1,231,400 1,231,000 1,230,600 1,230,200
Total Assets 1,520,528 1,540,095 1,563,422 1,587,115 1,578,879 1,602,933 1,626,043 1,616,706 1,640,241 1,664,069 1,655,844 1,679,036 1,702,523
Liabilities and Capital Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
Current Liabilities
Accounts Payable 20,000 16,624 16,707 16,807 18,444 19,400 19,402 19,391 19,504 19,604 19,704 19,430 19,446
Current Borrowing 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 0 11,087 22,233 33,449 44,435 55,166 65,895 76,624 87,410 98,254 109,157 119,950 130,738
Subtotal Current Liabilities 20,000 27,710 38,940 50,256 62,879 74,566 85,298 96,015 106,914 117,858 128,861 139,380 150,183
Fix ed Liabilities 750,000 748,000 746,000 744,000 742,000 740,000 738,000 736,000 734,000 732,000 730,000 728,000 726,000
Total Liabilities 770,000 775,710 784,940 794,256 804,879 814,566 823,298 832,015 840,914 849,858 858,861 867,380 876,183
Paid-in Capital 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000
Retained Earnings 314,488 350,528 350,528 350,528 350,528 350,528 350,528 350,528 350,528 350,528 350,528 350,528 350,528
Earnings 36,040 13,857 27,954 42,331 56,921 71,288 85,667 100,057 114,695 129,579 144,710 159,382 174,066
Total Capital 750,528 764,385 778,482 792,859 807,449 821,816 836,195 850,585 865,223 880,107 895,238 909,910 924,594
Total Liabilities and Capital 1,520,528 1,540,095 1,563,422 1,587,115 1,612,328 1,636,383 1,659,493 1,682,601 1,706,137 1,729,965 1,754,098 1,777,290 1,800,777
Net Worth 750,528 764,385 778,482 792,859 774,000 788,367 802,746 784,690 799,327 814,211 796,984 811,656 826,340
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