Financial Statements Business Plan

Start-Up Cost Worksheet Estimated Monthly Expenses Starting Costs You Only Have To Pay Once Item Estimated Monthly Expense Salary of owner Fixtures and equipment Rent Decorating and remodeling Advertising Installation of fixtures and equipment Delivery expense Starting inventory Supplies Deposits with public utilities Telephone Legal and other professional fees Other utilities Licenses and permits Insurance Advertising and promotion Taxes, including Social Security Cash Maintenance Other Security Miscellaneous TOTAL Total Estimated Cash You Need to Start With $2,000 $30,000 $800 $10,000 $2,000 $5,000 $1,000 $100,000 $500 $5,000 $80 $5,000 $300 $5,000 $500 $20,000 $1,000 $5,000 $1,000 $500 $1,000 $10,680 $185,000

Projected Quarterly Income Statement Sales Less Returns & Allowances Net Sales $ Cost of Goods Sold Gross Profit 120,000 5,000 115,000 45,000 70,000 Operating Expenses Variable Expenses Advertising Automobile Dues and Subscriptions Legal and Accounting Miscellaneous Expenses Office Supplies Security Telephone Utilities Total Variable Expenses Fixed Expenses Depreciation Insurance Rent Salaries and Payroll Taxes Total Fixed Expenses Total Expenses (T. Variable + T. Fixed) $ Net Income from Operations (GP - TE) Other Income $ 0.00 Net Profit (or loss) 6,000 15,000 3,000 1,500 1,500 900 900 30,300 500 1,500 2,400 30,000 34,400 64,700 5,300 5,300

Cost-of-Living Budget for an Average Month Regular Monthly Payments Rent or mortgage Cars (including insurance) Appliances/TV Household Operating Expenses Telephone Gas and electricity Water and garbage Television/Internet Repairs/maintenance Food Expenses Food-at home Food-away from home TOTAL $ Personal Expenses Clothing, laundry Medications Doctors & dentists Education Dues Gifts Travel Newspapers, magazines Auto upkeep, gas Spending money BUDGET SUMMARY Regular Monthly Pmt. Household Oper. Exp. MONTHLY TOTAL 500 50 100 20 10 640 50 40 30 60 100 70 100 360 170 640 150 170 100 250 360 250 1,420