Nursery Business Plan
BUSINESS PLAN WONDERLAND NURSERY
416 S. Turner Street Spokane, Washington 99204
This plan outlines how this business will provide Spokane with a specialty nursery and garden center that is stylish, respected, and consistent, and which is intelligently staffed with caring and well-informed employees. An unusual feature of this nursery is its café. This plan was provided by Ameriwest Business Consultants, Inc.
- EXECUTIVE SUMMARY
- OBJECTIVES & GOALS, AND STRATEGIES FOR ACHIEVING THEM
- BUSINESS DESCRIPTION, STATUS, & OUTLOOK
- MANAGEMENT & OWNERSHIP
- THE SERVICE (AN UNFILLED NEED) & UNIQUENESS OF SERVICE
- MARKET ANALYSIS
- MARKETING STRATEGIES
- FINANCIAL PLANS
The purpose of Wonderland Nursery is to provide Spokane with a nursery and garden center that is stylish, respected, and consistent, and which is intelligently staffed with caring and well-informed employees. The atmosphere is friendly and open. The nursery displays a new attitude. It treats customers like first-class citizens and tries to make them feel like they are at home. On the premises will also be a café to help our customers extend and enhance their visit to our premises. We offer a variety of related items such as pottery, specialty decorations, etc. The facility has a first-rate greenhouse. The services are offered at a competitive price and pricing will be reviewed periodically.
The nursery is normally open Monday, Tuesday, Wednesday, Thursday, Friday, and Saturday, from 9:00 A.M. through 5:00 P.M., and 10:00 A.M. to 4:00 P.M. on Sunday. The café hours are 9:00 A.M. to 5:00 P.M., Monday through Wednesday, 9:00 A.M. through 8:00 P.M. on Thursday through Saturday, and from 10:00 A.M. to 4:00 P.M. on Sunday.
CURRENT POSITION AND FUTURE OUTLOOK
The business is in a restructure mode. It is currently past due on its mortgage payment. Plans call for infusion of new investment in the amount of approximately $275,000 and a new loan of $800,000. Operations are conducted on a 5-acre site, located at 416 S. Turner Street, Spokane, Washington. On the average we serve from 10,000 to 12,000 customers per year. With new funding we plan to increase this amount by at least 15% per year in the future. This is a conservative estimate considering the past year saw a 25% increase in sales. To attain these goals we will use a combination of media advertising, flyers, and word-of mouth. Upon securing the new funding, the future appears very bright. The customers are there, the experience and ability are there, and with a restructure of the organization we are convinced the profit would be there. The café will only get better in its second full year of operation.
MANAGEMENT AND OWNERSHIP
The company is set up as a corporation with Susan Smyth and her husband Robert owning 100% of all outstanding stock. Susan serves as president, chief executive officer, and manager. She provides the leadership to run this company. She has over 5 years of experience as owner and operator of a nursery. Her retail sales background will continue to provide the guiding light for the operation. Susan oversees the entire operation and concentrates on advertising, legal matters, banking, insurance, purchasing, equipment purchases, public relations, and labor. Robert Smyth serves as treasurer and handles all maintenance and development. Helen Brown, office manager, handles sales, display, and backs up Susan in banking, purchasing, and planning. The business employs up to ten additional employees. These employees will be involved in cooking in the café, waiting on tables, and working as laborers. They will be a combination of part-time and full-time. When volume picks up, additional part-time or full-time employees will be hired as the workload requires. Ameriwest Business Consultants, Inc. will provide help in additional areas such as planning and general business advising when necessary and to supplement Susan's overall business knowledge. The services of an accountant, attorney, and a qualified insurance agent have been retained.
UNIQUENESS AND DIFFERENTIATION OF THE SERVICE
Wonderland Nursery is a specialty nursery and provides the ultimate in service and advice to customers. We tend to appeal to upper-end clientele, serious gardeners, and gardening professionals. Nowhere else in Washington does an operation combine the services of a nursery along with those of a café.
The idea of nursery and café is to provide customers with a informal, social setting, and atmosphere that does not exist in this part of the state. In addition we will cater to private parties and special groups in the café throughout the year.
The growth potential is virtually unlimited for the greater Spokane, Washington, area. The population is growing at an accelerated rate. It is rare in today's business world to find a true market void. That is exactly what Wonderland Nursery has done. It is a nursery along with a café for nursery customers and others in the community. Our facility has little true competition in Spokane.
FUNDS REQUIRED AND USAGE
Restructuring expenses will be approximately $1,075,0000. New investors will furnish approximately $275,000, and a new loan will furnish the balance of $800,000 in new funding.
The new funding will be used as follows: A) $1,000,000 to repay existing debt, B) $20,000 for paving, C) $5,000 for irrigation improvements, D) $10,000 in new inventory, E) $40,000 for reserves and miscellaneous expenses. The paving will make the property much more attractive to both nursery and café customers. The irrigation will save labor and cut losses. The inventory will bring in new customers and help even out the cash flow throughout the year.
PROJECTED 5-YEAR INCOME STATEMENT SUMMARY
|(MOST LIKELY CASE)|
|Projected 1999||Projected 2000||Projected 2001||Projected 2002||Projected 2003|
|Cost of Sales||514,229||591,364||680,068||782,079||899,390|
|Selling, General, Expense||344,137||371,264||402,338||437,939||478,734|
|Income Before Taxes||74,634||109,722||150,183||196,829||250,603|
|INCOME AFTER TAXES||57,244||79,375||104,866||134,252||168,130|
|Cost of Sales||617,075||709,637||816,082||938,495||1,079,268|
|Selling, General, Expense||412,964||445,517||482,806||525,527||574,481|
|Income Before Taxes||89,561||131,666||180,220||236,195||300,724|
|INCOME AFTER TAXES||68,693||95,250||125,839||161,102||201,756|
|Projected 1999||Projected 2000||Projected 2001||Projected 2002||Projected 2003|
|Cost of Sales||411,383||473,091||544,054||625,663||719,512|
|Selling, General, Expense||275,310||297,011||321,870||350,351||382,987|
|Income Before Taxes||59,707||87,778||120,146||157,463||200,482|
|INCOME AFTER TAXES||45,795||63,500||83,893||107,402||134,504|
- The most likely case assumes 11,000 customers the first year after the restructuring. The optimistic case assumes revenues and expenses will increase 15% over the most likely case. The pessimistic case assumes revenues and expenses will decrease 15% below the most likely case above.
- Cost of goods sold for the nursery will equal 55% of sales and 35% for the cafe.
OBJECTIVES & GOALS, AND STRATEGIES FOR ACHIEVING THEM
- To provide a high quality service so that customers will perceive great value and give them the opportunity to interact with our professional staff.
- To service an average of 12,000 customers in 1999 and increase that by about 15% over the next four years.
- To repay the entire loan amount by the end of the fifteenth year and to provide the shareholders with an exceptionally stable income.
- Our goal is to become the premier nursery destination in Spokane, Washington, during the next two years.
- Wonderland Nursery plans to closely monitor changing technology to be certain that the company is using the latest and most cost effective equipment and that it keeps up with current trends in the marketplace.
When growth has stabilized we plan to add extra services for customer convenience such as organic produce, greater selection of products, especially seasonal, and continued growth of the food operations. In addition to the above goals we will survey our customers and make changes in our programs and add services to meet their changing ideas in the marketplace.
To obtain the first two sets of goals we will try to maximize sales with an extensive campaign to promote our services. We will utilize the radio stations and newspaper along with brochures, media advertising, pamphlets, use of coupons, referrals, and a variety of other advertising and marketing tools to reach the customer base of Spokane, Washington. We expect to flood the market with advertising until consumers become aware of us and more comfortable with our company. As we grow, word-of-mouth referrals will bring in increasing numbers of customers and we will reduce our reliance on advertising.
The dominant driving force behind our company will be profit and income and to provide the best possible related products and service.
To become the premier nursery in Spokane, Washington, we will offer outstanding quality, good hours, exceptional service, and reasonable pricing. We will listen to our customers and conduct surveys.
We will offer frequent user discounts. In the future we may consider diversification and enter new market areas such as providing organic produce.
BUSINESS DESCRIPTION, STATUS, & OUTLOOK
According to the Nursery Retailer, lawn and garden sales nationwide are expected to top $83 billion in 1999. Of this total, nearly $1 billion will be in Washington. In 1998, lawn and garden sales showed its first slow-down in growth since 1968. Even so, sales still topped the 1997 levels. Most experts attribute this aberrant downturn to one reason, namely El Nino. This year's growth rates are expected to return to normal levels of around 6% to 9%. With Spokane's exploding growth in population that has occurred during the last decade, local nursery sales should continue to be well in excess of national averages. In fact, when most nurseries experienced a flat growth rate in 1998, Wonderland Nursery experienced a 25% growth in sales.
Wonderland Nursery is a full service nursery and combines entertainment and limited dining at a competitive price. We have a bigger selection of products, more specialized plant selection and offer a much higher level of service than do our competitors. We try to promote an atmosphere that gives people a comfortable place to spend their time and money. Combining a nursery with a café is a relatively new concept for this part of the country. Susan Smyth will continue to operate the business as a corporation. The principal shareholders will be Susan and her husband. New investors will be brought on board and will assume up to a 49% share in ownership. With our new equipment, inventory selections, and property improvements we will also have definite market advantages. Ultimately, we will expand the business to achieve its full potential.
The biggest problem we face is restructuring the operation to give us the time and money needed to fully implement our plans and achieve our goals.
To maintain operations, the business maintains a nursery license, scale license, seed dealers license, health license, occupational use license, and sales tax license.
The future holds the promise for almost unlimited growth and income as the business matures and considers other markets and products. Complementary products such as organic produce, water gardening, newsletter, additional seasonal products, dances, and other functions at the café also can be considered in the future in response to customer surveys indicating their wants and needs. Enhanced food services will be offered in the future as the needs are demonstrated.
MANAGEMENT & OWNERSHIP
Susan Smyth once was a gardener for upper-class clients. She used this experience to develop Wonderland Nursery. The business was successful until the lease was lost on its original location. This precipitated a move to our present location. The move caused us to open grossly undercapitalized. We have managed to survive the past couple of years, but the restructuring we are planning will put us over the top toward achieving our full potential.
Wonderland Nursery will supplement its skills by using outside consultants in areas such as legal work, income tax preparation, insurance, and general business advising.
The business was set up as a corporation primarily for liability reasons and makes it easier to secure investors. To continue operation, as many as thirteen full-and part-time employees will be utilized to help in areas such as bartending, waiting on tables, and for labor. As the business grows, additional part-time or full-time employees may be added to handle the increased workload.
THE SERVICE (AN UNFILLED NEED) & UNIQUENESS OF THE SERVICE
The growth in families in Washington state is the ninth greatest in the country. The past decade has seen this segment of the population grow by more than thirty percent. It is growing five and a half times as fast as the general population.
The few existing nurseries that cater to our clientele are not nearly as knowledgeable or service oriented. They pay little attention to detail and customer satisfaction. Wonderland Nursery and its ownership will embrace the concept of trying to become a focal point for our clientele.
The timing for such a business is perfect. Given the proper kind of financial restructuring, a significant window of opportunity exists for Wonderland Nursery to take advantage of the huge growth of the area. This business will be providing the "Right Service at the Right Time."
It is rare in today's world that a true market void exists. Our service will meet the "unfilled need" described above by providing customers with competitively priced, high service nursery facilities combined with the services of a café on the premises. We are unique to Spokane, and indeed all of Washington.
Customers will be attracted to the nursery because our atmosphere, pricing, and facilities. They will be made to feel welcome and as part of the family.
Some major advantages Wonderland Nursery will have over potential competition and conventional nurseries are:
- Larger and newer facility
- Lower operating expenses than most
- Full service café on site (new concept)
- 6,000 name mailing list
- Wonderland Nursery will sponsor ethnic festivals and holidays
MARKET OVERVIEW, SIZE, AND SEGMENTS
This market segment has been relatively stable over the past five years.
The market areas we will concentrate on are Central and Western Spokane, Washington. These areas have been growing rapidly for the past several years and should continue for the foreseeable future. Once the concept catches on locally, we feel the potential is unlimited. As we grow we will have the financial capacity to carry on an advertising campaign on a regional basis.
The economy is in the midst of a particularly strong growth period. Many new jobs are being added to the local community. Ever increasing numbers of Californians are coming to this location. All of these factors are cause for a much greater interest in nurseries. All of this activity can only help our attempts to restructure this nursery.
Listed below are just some of the reasons that the Spokane, Washington, area is growing and why it is a good time to be running any kind of business that caters to this growth:
- The local economy is booming and virtually busting at the seams.
- Spokane, Washington, has become a magnet for religious organizations. More than 65 nationally based Christian organizations are headquartered here.
- Spokane, Washington, has a new airport and a nearby Free Trade Enterprise Zone that should grow and attract even more new businesses.
- The new Seattle Airport is open and provides an economic boost to the entire state, including Spokane, Washington.
- Gambling in nearby Oregon continues to draw many visitors and some new businesses.
- Every week, we see articles in the newspapers of California residents and companies relocating here.
- The world-renowned Five Star Hotel has completed an extensive remodeling.
- MCI and Quantum Electronics are undergoing large increases in their operations here that should add many hundreds of employees.
- Many experts predict Spokane, Washington, will become the second fastest growing city in the state between now and the year 2007.
- King County is predicted to become the largest county in the state by the year 2003.
- The local economy is now more diversified than it was when troubles occurred in the local economy in the late 1980s and early 1990s.
The estimated population of King County in 1999 is 500,000 people. The number of households is approaching 200,000. Currently, this market is growing at an annual rate of 3-5%. Projections see this trend continuing for the balance of this decade.
From the above figures it can readily be seen that the potential market for our services is huge. We feel with our pricing and value we will become a price and industry leader within two years.
Our surveys have shown the following mix of patrons for our facilities:
- Majority are women
- Income of typical customers is in the $50,000 and up range
- Large numbers of professional gardeners
- Range of age of clientele is 35-75
- Majority of patrons are in the upper-income brackets
- Majority of our customers come from the 12345, 12346, 12347, 12348, and 12349 Zip code areas
Beyond the local market we could eventually tap into a more regional market. The advantage of our service is that it could appeal to all segments of the community. By expanding the role of the café, we can continue to become an even greater focal point for the local community.
Our primary competition is the nurseries listed below. On a limited basis there are few competitors such as nurseries, landscapers, and related businesses.
The following table summarizes the local competition:
|Handles Nursery1004 N. Main||Well established Good local supportWell maintainedBrings in popular brandsPotential to expandOwner well known in areaServes large portion of Mexicanpopulation||Dirty and has bad smellFilthy & small restroomsPoor securityAllow underage patronsPoor facilities/maintenanceLack of parking|
|Figures Nursery1000 E. State||Good locationGood local supportOwner prominent in Hispaniccommunity||Always filthyOutdated facilitiesFailure to keep up withrecent trends|
|Gardners Palace2815 Warner||Newly remodeledSufficient parkingFair neighborhoodSpecialty nurseryNew owner||Caters to upper classLocation is hard to findVery smallUnfriendly personnelNo amenities|
The marketplace is currently shared by the above outlined 3 major participants. This market is stable and increasing about 5-7% per year.
The driving force behind Wonderland Nursery is Susan Smyth. She has able support from her husband, Robert, and from Helen Brown, office manager, and Nancy White, file manager.
|Industry (Maturity and Cyclicality)||X|
|Dependence upon other Companies||X|
|Vulnerability to Substitutes||X|
Identification of Strengths & Weaknesses
|Functions||Strong||Average||Weak||Major Strengths and/or Weaknesses|
|(+)||(O)||(-)||Compared to Competitors|
|General Administration||X||Hardworking, direct, effective, charismatic|
|Marketing||X||Original, consistently appealing|
|Finance/Planning||X||Will hire consultants to help|
|Human Resources||X||Better performance achievable|
|Operations||X||Energy to accomplish tasks|
|Purchasing||X||High perceived quality|
|Servicing||X||High customer satisfaction|
|Quality of Service||X|
|Product Mix||X||Several choices available|
|Reliability||X||Best product and service available|
|Advertising||X||Hire consultants to improve, lack of money|
|Market Leadership||X||Best independent around|
|Overhead||X||Existing levels are too high; can be greatly|
|reduced with new funding|
|Pricing||X||Low for service|
|Facilities||X||Best combination around|
We feel we will have strengths in product features, management, marketing, human resources, quality of service, operations, product mix, reliability, desirability, highly trained sales force, pricing, location, and facilities.
We will have low risk exposure in the areas of technology, inflation/interest rates, regulatory environment, management ability, location, facilities, and suppliers.
We perceive medium risk exposure in the local economy, strategy, and vulnerability to substitutes, finance, and planning. We have retained the services of specialists to help in various areas such as marketing, accounting, legal, and general overall business operation advice.
We have a high degree of risk in this overhead and lack of working capital. With our proposed new funding, we should overcome most of our weaknesses.
PRICING AND VALUE
Our intention is to raise the public's awareness of our company. We plan to review our prices and those of our competitors every three months. We will review direct material costs, direct labor costs, and total overhead expenses. We will continually monitor the cost of providing our service to each customer. We will offer various free or reduced rate programs to get customers acquainted with us.
Numerous package deals will be available to customers. The following examples are various marketing strategies we may try:
- Discounts for larger or repeat purchases
- Special party rates for the café
- We will continue the use of our newsletter to help promote value to our customers
Our company's marketing strategy will incorporate plans to promote our line of services through several different channels and on different levels of use. We will advertise heavily on the popular local radio stations and in newspapers.
We will try to satisfy the market void in this area for indoor entertainment. We will flood the market with advertising and try to go after our specific targets. We will try to capture their attention, pique their interest, and make them feel that they must have our services.
We will offer continuous promotional rates. The results sell themselves. We will offer discounts to frequent users. The more a customer uses our services the cheaper it will become for them.
We also are a MasterCard and Visa charge card merchant which enables us to more readily serve our customers.
In order to market our facility, we shall consider a variety of promotions including:
- Reserve certain hours for unique groups such as children, senior citizens, service clubs, adults, etc.
- Conduct special theme nights, use ethnic holidays, family night, charity promotion night, game night, contest night, etc.
- Cultivate local churches and women's organizations.
- Promote birthday parties.
- Early bird specials.
ADVERTISING, PROMOTION, AND DISTRIBUTION OF SERVICES
We recognize that the key to success at this time requires extensive promotion. Advertising goals include all of the following:
- Position the company as the premier nursery in Central/Western Spokane, Washington.
- Increase public awareness of Wonderland Nursery and its benefits.
- Increase public awareness of our company and establish a professional image.
- Maximize efficiency by continually monitoring media effectiveness.
- Consider a possible credit coupon in some of the advertisements.
- Develop a brochure or pamphlet to explain our service and company.
- Continue use of a distinctive business card and company letterhead.
- Use a mix of media to saturate the marketplace.
We will develop a public relations policy that will help increase awareness of our company and product. To achieve these goals we will consider some or all of the following:
- Develop a press release and a company backgrounder as a public relations tool.
- Develop a telephone script to handle customer and advertiser contact.
- Develop a survey to be completed by customers to help determine the following:
- 1. How did they hear about us?
- 2. What influenced them to use our service?
- 3. How well did our service satisfy their needs?
- 4. How efficient was our service?
- 5. Did they have any problems getting through to us?
- 6. Did they shop competitors before selecting us?
- 7. How did they initially perceive our company and product?
- 8. Where are most of our customers located?
- 9. Do they have suggestions for improving our service or our approach to advertising?
- 10. What additional services would they like us to offer?
- 11. Would they recommend us to others?
- Maintain membership in the Chamber of Commerce to keep abreast of developments in the community and market trends.
Data Sheet #1
Fiscal Year in which Projections/Calculations are to start ..............................................................................................1999
Number of Months in which Projections/Calculations are to start..........................................................................................1
The purpose for this analysis is Business Start-Up, Expansion, or Review ........................................................... START-UP
Owner's contribution to business (include both cash and time in dollar equivalency) ........................................$6,000,000.00
Indicate below if the figures are actual, annualized, or projected for each year in the analysis:
INDICATE THE TYPE OF BUSINESS ENTITY YOU HAVE IN THE BOX TO THE RIGHT: C
|START-UP/EXPANSION EXPENSES:||EXPENSES FOR YEAR:|
|% of Sales||$ Amounts|
|Inventory||160,000.00||Advertising & Marketing Expenses||2.59%||0.00|
|Organizational Expenses||0.00||Direct Labor Expenses||3.28%||0.00|
|Furniture/Fixtures||0.00||Dues, Subscriptions, and Memberships||0.00%||1,000.00|
|Land||750,000.00||Employee Reimbursement Expenses||0.00%||.0.00|
|Machinery/Equipment||65,000.00||Furniture or Fixtures Purchases||0.00%||1,000.00|
|Leasehold Improvements||0.00||Leasehold Expenses||0.00%||0.00|
|Licenses/Fees/Permits||0.00||Machinery & Equipment Purchases||0.00%||0.00|
|Miscellaneous||0.00||Office Supplies and Postage||0.16%||0.00|
|Property Improvements||25,000.00||Professional Fees||0.00%||4,250.00|
|Other #4||0.00||Repair & Maintenance||0.00%||1,700.00|
|LOAN data:(If Needed)||Salaries-Administrative||0.00%||0.00|
|Amount of Loan 1||$800,000.00||Salaries and Wages-Other||10.56%||0.00|
|Term of Loan 1 (Months)||180||Salaries-Manager||0.00%||0.00|
|Interest Rate for Loan 1||11%||Telephone/Utilities||0.00%||11,700.00|
|First Year of Loan 1||1999||Property Improvements||0.00%||2,550.00|
|First Payment Month||8||Property Taxes||0.00%||9,000.00|
|Amount of Loan 2||$0.00||Other #4||0.00%||0.00|
|Term of Loan 2 (Months)||60||Miscellaneous/Contingency Expenses||2.50%||0.00|
|Interest Rate for Loan 2||0.00%||TOTAL FIRST YEAR EXPENSES INCLUDING INTEREST PAID|
|First Year of Loan 2||1999||AND COST OF GOODS SOLD:||$858,366|
|First Payment Month||1|
|PERCENTAGE OF TOTAL PAYROLL ALLOTTED TO PAYROLL TAXES AND BENEFITS||10.00%|
|PERCENTAGE OF NET SALES EXPECTED FOR THE COST OF GOODS SOLD: Café||35.00%|
|PERCENTAGE OF NET SALES EXPECTED FOR THE COST OF GOODS SOLD: Nursery||55.00%|
Data Sheet #2
|SOURCE/AMOUNTS OF INCOME FOR YEAR||1999|
|Source of Income #3||$0.00|
|Source of Income #4||$0.00|
|Other Income/Exp. (Net)||$6,000.00|
|PERCENTAGE OF INCOME GROWTH|
|For Second Year||2000||15.00%|
|For Third Year||2001||15.00%|
|For Fourth Year||2002||15.00%|
|For Fifth Year||2003||15.00%|
|PERCENTAGE OF INCREASE IN EXPENSES:|
|For Second Year||5.00%|
|For Third Year||5.25%|
|For Fourth Year||5.50%|
|For Fifth Year||5.75%|
|PERCENTAGE OF NET INCOME TO BE PAID OUT IN DIVIDENDS|
|For First Year||1999||50.00%|
|For Second Year||2000||60.00%|
|For Third Year||2001||65.00%|
|For Fourth Year||2002||70.00%|
|For Fifth Year||2003||75.00%|
Number of Customers Expected to Serve the First Year: 12,000
Average Income received from each Customer: $77.75
|Days Sales in Accounts Receivable||20.0||20.0||20.0||20.0||20.0|
|Days Materials Cost in Inventory||30.0||30.0||30.0||30.0||30.0|
|Days Finished Goods in Inventory||45.0||45.0||45.0||45.0||45.0|
|Days Materials Cost in Payables||20.0||20.0||20.0||20.0||20.0|
|Days Payroll Expenses accrued||20.0||20.0||20.0||20.0||20.0|
|Days Operating Expenses accrued||25.0||25.0||25.0||25.0||25.0|
|Cash and Working Capital||$28,150|
|Furniture and Fixtures||25,500|
|Insurance (First year paid in advance)||1,800|
|Utilities & Telephone||500|
|Legal, Professional, and Consulting Fees||1,500|
|Security System & Leasehold Improvements||5,000|
|Initial Entertainment Budget||6,000|
|Opening Advertisement & Promotion||3,000|
Projected First-Year Monthly Budget 1999
|Month||Start-Up||Month 1||Month 2||Month 3||Month 4||Month 5||Month 6||Month 7|
|Source of Income #3||$0||$0||$0||$0||$0||$0||$0|
|Source of Income #4||$0||$0||$0||$0||$0||$0||$0|
|Other Income/Expense (Net)||$500||$500||$500||$500||$500||$500||$500|
|Owner 's Equity||600,000|
|Total Cash Received||1,400,000||8,792||15,818||20,583||54,023||309,187||188,687||98,626|
|Cost of Goods Sold/Inventory||160,000||$3,859||$7,593||$10,058||$28,138||$167,178||$99,499||$49,965|
|Advertising / Marketing Exp.||0||$215||$397||$520||$1,386||$7,992||$4,872||$2,540|
|Employee Reimbursement Exp.||$0||$0||$0||$0||$0||$0||$0|
|Freight / Shipping||$22||$41||$54||$144||$832||$508||$265|
|Furniture or Fixtures Purchases||0||$83||$83||$83||$83||$83||$83||$83|
|Office Supplies and Postage||$13||$25||$32||$87||$499||$305||$159|
|Payroll Taxes/Employee Benefits||$435||$532||$598||$1,060||$4,590||$2,923||$1,677|
|Permits / Licenses||0||$162||$162||$162||$162||$162||$162||$162|
|Repair & Maintenance||$142||$142||$142||$142||$142||$142||$142|
|Salaries and Wages-Other||$875||$1,617||$2,120||$5,650||$32,587||$19,866||$10,359|
|Telephone / Utilities||0||$975||$975||$975||$975||$975||$975||$975|
|Total Cash Paid Out||1,300,000||13,043||18,283||21,770||47,019||240,763||147,250||78,409|
|Cash Pyts to Loans||9,093||9,093||9,093||9,093||9,093||9,093||9,093|
|Income Tax (State & Federal)||1,449||1,449||1,449||1,449||1,449||1,449||1,449|
|Month 8||Month 9||Month 10||Month 11||Month 12||TOTALS|
Projected Second-Year Monthly Budget 2000
|Month||Month 13||Month 14||Month 15||Month 16||Month 17||Month 18||Month 19||Month 20|
|Source of Income #3||$0||$0||$0||$0||$0||$0||$0||$0|
|Source of Income #4||$0||$0||$0||$0||$0||$0||$0||$0|
|Other Income/Expense (Net)||$525||$525||$525||$525||$525||$525||$525||$525|
|Owner 's Equity|
|Total Cash Received||10,061||18,141||23,620||62,076||355,515||216,940||113,370||79,126|
|Cost of Goods Sold/Inventory||$4,437||$8,732||$11,566||$32,358||$192,255||$114,424||$57,460||$39,792|
|Advertising / Marketing Exp.||$247||$456||$598||$1,594||$9,191||$5,603||$2,922||$2,035|
|Employee Reimbursement Exp.||$0||$0||$0||$0||$0||$0||$0||$0|
|Freight / Shipping||$26||$48||$62||$166||$957||$584||$304||$212|
|Furniture or Fixtures Purchases||$88||$88||$88||$88||$88||$88||$88||$88|
|Office Supplies and Postage||$144||$144||$144||$144||$144||$144||$144||$144|
|Payroll Taxes/Employee Benefits||$468||$580||$655||$1,187||$5,247||$3,330||$1,897||$1,423|
|Permits / Licenses||$170||$170||$170||$170||$170||$170||$170||$170|
|Repair & Maintenance||$149||$149||$149||$149||$149||$149||$149||$149|
|Salaries and Wages-Other||$1,007||$1,860||$2,438||$6,498||$37,475||$22,846||$11,913||$8,298|
|Telephone / Utilities||$1,024||$1,024||$1,024||$1,024||$1,024||$1,024||$1,024||$1,024|
|Total Cash Paid Out||14,387||20,400||24,401||53,375||275,706||168,391||89,390||64,437|
|Cash Pyts to Loans||9,093||9,093||9,093||9,093||9,093||9,093||9,093||9,093|
|Income Tax (State & Federal)||2,529||2,529||2,529||2,529||2,529||2,529||2,529||2,529<