Cleaning Service Business Plan
Below is our cleaning service business plan template and sample plan created using our business plan generator.
I. Executive Summary
Company Overview
SparkleMaid Services, based in Salt Lake City, UT, emerges as a vibrant and dynamic cleaning service provider committed to offering superior cleaning solutions to both residents and businesses. Established to fill the noticeable gap in the market for high-quality cleaning services, we stand out through our unwavering dedication to excellence and customer satisfaction. Our broad range of services, including residential, commercial, deep cleaning, carpet and upholstery cleaning, and post-construction cleaning, cater to diverse needs. Our strategic location in Salt Lake City not only facilitates efficient service delivery but also demonstrates our deep understanding of the local market needs. SparkleMaid Services is driven by a founder with a wealth of experience in the cleaning industry, equipping us with the necessary insights and expertise to lead the market. Our journey began on January 4, 2024, as a S Corporation, marking the start of our mission to serve and enhance the Salt Lake City community with our cleaning excellence.
Success Factors
Our competitive edge in the cleaning service market is attributed to our comprehensive approach and dedication to service quality. Key milestones achieved since our inception, such as the development of a distinctive logo, selection of a resonant company name, and securing a prime operational location, highlight our commitment to building a strong and recognizable brand. These accomplishments reflect our strategic focus on excellence and customer satisfaction. Our foundation, bolstered by a founder with significant industry experience and a successful track record, positions us as a preferred partner for maintaining clean and hygienic environments in various settings. Through these strengths, we aim to foster growth and continue serving the Salt Lake City community effectively.
Industry Analysis
The Cleaning Service industry in the United States, valued at approximately $46 billion in 2021, is on a positive trajectory with an expected annual growth rate of 4.2%. This growth is propelled by the rising number of dual-income households and the demand for professional cleaning services. A significant industry trend is the shift towards eco-friendly and sustainable cleaning, a demand that SparkleMaid Services is well-prepared to meet with our environmentally friendly cleaning practices. Additionally, the popularity of on-demand and subscription-based services aligns with our offerings, including online booking and customizable cleaning packages. By embracing these trends, SparkleMaid Services is strategically positioned for success in the competitive Salt Lake City market.
Customer Analysis
SparkleMaid Services targets a diverse clientele in Salt Lake City, focusing primarily on busy professionals, families, and the elderly, as well as commercial entities such as small businesses, offices, and retail establishments. Our services are tailored to meet the specific needs of each segment, ensuring high levels of customer satisfaction and repeat business. Property managers, real estate agents, and event organizers represent additional key customer segments, benefiting from our efficient and thorough cleaning solutions. By catering to the varied requirements of these groups, we aim to establish strong relationships and secure ongoing contracts and referrals, contributing to our growth and reputation in the market.
Competitive Analysis
Key competitors in our market include Montenegro Solutions, Wasatch Janitorial, and Kosmic Kleanse, each offering a range of cleaning services at various price points. Montenegro Solutions is known for its high customer satisfaction but comes with higher pricing, whereas Wasatch Janitorial specializes in commercial cleaning with limited residential services. Kosmic Kleanse appeals to environmentally conscious customers with its eco-friendly practices. SparkleMaid Services distinguishes itself by offering comprehensive cleaning solutions, employing experienced staff, using eco-friendly products, and providing customizable services. Our meticulous attention to detail and commitment to customer service excellence are our competitive advantages, ensuring we meet and exceed client expectations.
Marketing Plan
SparkleMaid Services offers a wide range of cleaning services at competitive prices, aimed at delivering exceptional cleanliness and customer satisfaction. Our marketing strategy employs both online and offline approaches to attract and retain customers. By leveraging SEO, social media advertising, and engaging content, we aim to enhance our online visibility. Email marketing and referral programs will serve to deepen customer relationships and encourage loyalty. Community involvement and traditional print advertising will further increase our local presence. Promotional discounts and seasonal offers are planned to attract new clients and reward repeat business, ensuring SparkleMaid Services becomes a recognized and trusted name in Salt Lake City’s cleaning service industry.
Operations Plan
To ensure operational effectiveness, SparkleMaid Services will focus on key processes such as customer scheduling, staff allocation, inventory management, and quality control. Regular customer communication and feedback will enable us to refine our services, while ongoing employee training will ensure our team remains skilled and efficient. We will also prioritize health and safety compliance and monitor performance through key performance indicators. Our milestones for the coming months include launching our services, securing initial clients, and achieving a monthly revenue target of $15,000, among others. These steps will establish SparkleMaid Services as a premier cleaning service provider in Salt Lake City.
Management Team
Under the leadership of Maya Ortiz, President and experienced cleaning industry professional, SparkleMaid Services boasts a management team with the expertise necessary to achieve our strategic goals. Ortiz’s proven track record and operational excellence are fundamental to our business strategy, ensuring we deliver high-quality cleaning services and achieve customer satisfaction. With her guidance, we are poised to navigate the challenges of the cleaning service industry successfully and realize our vision of becoming Salt Lake City’s leading cleaning service provider.
Financial Plan
SparkleMaid Services seeks $103,000 in funding to achieve our growth objectives. This capital will be allocated towards essential investments such as location renovations, equipment purchases, and initial marketing efforts, as well as operational expenses including staff salaries and supply costs. With this financial foundation, we aim to quickly establish our market presence, attract a loyal customer base, and build a financially stable and profitable business in the competitive cleaning service market of Salt Lake City, UT.
Summary
Below is an overview of our expected financial performance over the next five years:
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | |
---|---|---|---|---|---|
Revenues | $1,978,649 | $2,142,540 | $2,320,007 | $2,512,174 | $2,720,258 |
Direct Expenses | $782,520 | $822,386 | $864,282 | $908,314 | $954,588 |
Gross Profit | $1,196,128 | $1,320,154 | $1,455,725 | $1,603,860 | $1,765,670 |
Gross Profit (%) | 60.5% | 61.6% | 62.7% | 63.8% | 64.9% |
Other Expenses | $97,085 | $100,030 | $103,065 | $106,192 | $109,414 |
EBITDA | $1,099,043 | $1,220,123 | $1,352,659 | $1,497,667 | $1,656,255 |
Depreciation | $7,400 | $7,400 | $7,400 | $7,400 | $7,400 |
Amortization | $0 | $0 | $0 | $0 | $0 |
Interest Expense | $10,300 | $10,300 | $10,300 | $10,300 | $10,300 |
Income Tax Expense | $378,470 | $420,848 | $467,235 | $517,988 | $573,494 |
Net Income | $702,873 | $781,575 | $867,723 | $961,979 | $1,065,061 |
II. Company Overview
SparkleMaid Services is a fresh and dynamic cleaning service dedicated to serving the residents and businesses of Salt Lake City, UT. As a local enterprise, we have recognized the gap in the market for high-quality cleaning services and are here to fill that void. Our commitment to excellence and customer satisfaction sets us apart, ensuring we are not just another cleaning service, but a partner in maintaining the pristine condition of your spaces.
Our offerings are comprehensive and designed to meet a wide range of needs. Whether you’re looking for regular residential cleaning to keep your home sparkling, need commercial cleaning services to maintain a professional atmosphere, or require a deep cleaning session to reset your space, we’ve got you covered. Additionally, our expertise extends to specialized services such as carpet and upholstery cleaning, as well as post-construction cleaning, ensuring that no matter the challenge, we have the solution.
Based in the heart of Salt Lake City, UT, SparkleMaid Services is perfectly positioned to serve the local community with ease and efficiency. Our understanding of the local environment, combined with a strategic location, allows us to provide timely and reliable services to our customers throughout the city.
Our edge in the competitive cleaning service market is our foundation and approach to service delivery. SparkleMaid Services was brought to life by a founder with a rich history of success in the cleaning industry, bringing invaluable experience and insights to the table. This background, coupled with our dedication to superior service quality, positions us as a leading choice for those seeking to maintain clean and hygienic environments. Our ability to cater to a variety of settings, from homes to offices and beyond, ensures we are equipped to handle any cleaning task with professionalism and attention to detail.
Since our establishment on January 4, 2024, as a S Corporation, we’ve hit several key milestones that underscore our commitment to building a strong and recognizable brand. These accomplishments include the creation of a distinctive logo that represents our values and ethos, the careful selection of a company name that reflects our mission and vision, and securing a prime location that enables us to serve our clients effectively. These steps mark the beginning of our journey, and we are excited about the opportunity to grow and serve the Salt Lake City community.
III. Industry Analysis
The Cleaning Service industry in the United States is a robust and growing market. As of 2021, the industry was valued at approximately $46 billion, with an expected annual growth rate of 4.2%. This growth is driven by an increasing number of dual-income households and busy lifestyles, leading more consumers to seek professional cleaning services to help maintain their homes.
One of the key trends in the Cleaning Service industry is the shift towards eco-friendly and sustainable cleaning practices. Consumers are becoming more conscious of the products and methods used in their homes, leading to a growing demand for green cleaning services. This trend bodes well for SparkleMaid Services, as the company prides itself on using environmentally friendly cleaning products and practices, catering to the growing segment of eco-conscious consumers in Salt Lake City, UT.
Another trend shaping the Cleaning Service industry is the increasing popularity of on-demand and subscription-based cleaning services. Consumers are looking for convenient and flexible options when it comes to scheduling cleaning services, and companies like SparkleMaid Services, which offer online booking and subscription packages, are well-positioned to capitalize on this trend. By staying ahead of industry trends and offering innovative services, SparkleMaid Services is poised for success in the competitive Cleaning Service market in Salt Lake City, UT.
IV. Customer Analysis
Below is a description of our target customers and their core needs.
Target Customers
We will target local residents who seek reliable and professional cleaning services for their homes. These customers are primarily busy professionals, families, and elderly individuals who require assistance in maintaining a clean and organized living space. Our services will be tailored to meet the specific needs of each household, ensuring satisfaction and repeat business.
We will also focus on commercial clients, including small businesses, offices, and retail establishments. These customers will benefit from our flexible scheduling and comprehensive cleaning packages that ensure their workspaces remain clean and presentable. By offering customized solutions, we will meet the diverse needs of various commercial environments.
Another key segment will be property managers and real estate agents who need cleaning services for rental properties and homes for sale. Our efficient and thorough cleaning services will help them maintain their properties in top condition, attracting potential tenants and buyers. By establishing strong relationships with these professionals, we will secure ongoing contracts and referrals.
We will target special event organizers who require cleaning services before, during, and after events. These customers will benefit from our ability to handle large-scale cleaning tasks with precision and attention to detail. By providing exceptional service, we will become the go-to cleaning provider for event planners in the area.
Customer Needs
Customers expect high-quality cleaning services to maintain the cleanliness and hygiene of their homes, offices, and other spaces. They desire prompt and reliable service that ensures their environments are well-maintained and presentable. In addition, clients seek flexibility in scheduling and consistency in service delivery.
Another critical need is trust and security, as clients want to feel confident that their property is in safe hands. Using eco-friendly and effective cleaning products is also a significant concern for many customers who prioritize a sustainable and healthy lifestyle. Professionalism, including well-trained staff and clear communication, further enhances customer satisfaction and trust.
Value for money is a crucial need, with customers looking for competitive pricing without compromising on service quality. Personalized service that caters to specific requirements and preferences adds a layer of convenience and satisfaction. Overall, clients seek a seamless and hassle-free experience that allows them to focus on their other priorities while enjoying a clean and well-maintained space.
V. Competitive Analysis
Direct Competitors
Montenegro Solutions
Montenegro Solutions offers a comprehensive range of cleaning services including residential cleaning, commercial cleaning, and specialized services such as carpet and upholstery cleaning. Their price points range from $25 to $50 per hour depending on the type of service. They have an annual revenue of approximately $1.2 million.
Montenegro Solutions is headquartered in Salt Lake City, UT, and serves the greater metropolitan area. Their customer segments include both residential homeowners and small-to-medium-sized businesses. A key strength of Montenegro Solutions is their high level of customer satisfaction and strong online reviews. However, a weakness is their relatively high pricing compared to other local competitors.
Wasatch Janitorial
Wasatch Janitorial specializes in commercial cleaning services, including office cleaning, medical facility cleaning, and industrial cleaning. They offer competitive pricing, typically ranging from $20 to $40 per hour. Their annual revenue is around $900,000.
Headquartered in Salt Lake City, UT, Wasatch Janitorial primarily serves the commercial sector within the city and its suburbs. Their main customer segments are corporate offices, healthcare facilities, and manufacturing plants. Wasatch Janitorial’s key strength lies in their focus on commercial clients and their specialized cleaning expertise. However, their weakness is the limited scope of residential services, which could restrict their market reach.
Kosmic Kleanse
Kosmic Kleanse offers a diverse range of cleaning services, including eco-friendly residential cleaning, commercial cleaning, and event cleaning. Their price points are mid-range, typically between $30 and $45 per hour. They generate annual revenues of about $750,000.
Kosmic Kleanse operates out of Salt Lake City, UT, and extends their services to nearby cities within a 30-mile radius. Their customer base includes environmentally conscious homeowners and small businesses.
A key strength of Kosmic Kleanse is their commitment to using eco-friendly products, which appeals to a growing market segment. However, a notable weakness is their relatively smaller scale of operations compared to larger competitors.
Competitive Advantages
At SparkleMaid Services, our comprehensive approach to cleaning ensures that our clients maintain pristine and hygienic environments, whether in residential, commercial, or post-construction settings. We pride ourselves on offering superior services compared to our competition by employing highly trained and experienced staff who use state-of-the-art equipment and eco-friendly cleaning products. Our commitment to excellence allows us to customize our services to meet the unique needs of each client, providing a level of flexibility and personalization that sets us apart.
One of our key competitive advantages is our meticulous attention to detail, ensuring that no corner is left untouched and that all surfaces are thoroughly sanitized. This dedication to thoroughness not only enhances the appearance of the spaces we clean but also promotes healthier living and working environments. Additionally, our prompt and reliable customer service guarantees that our clients can expect consistent and high-quality cleaning on a schedule that suits them best. By continually investing in our team’s training and adopting the latest cleaning technologies, we remain at the forefront of the industry, delivering exceptional value to our clients and maintaining our competitive edge.
VI. Marketing Plan
Our marketing plan, included below, details our products/services, pricing and promotions plan.
Products, Services & Pricing
SparkleMaid Services offers a comprehensive range of cleaning solutions tailored to meet the diverse needs of its customers. The primary service categories include Residential Cleaning, Commercial Cleaning, Deep Cleaning, Carpet and Upholstery Cleaning, and Post-Construction Cleaning. Each service is designed with a focus on delivering exceptional cleanliness and customer satisfaction.
Residential Cleaning is one of SparkleMaid Services’ core offerings, targeting homeowners who seek regular and thorough cleaning of their living spaces. The average price for a standard residential cleaning session ranges between $100 and $150, depending on the size of the home and specific customer requirements. This service typically includes dusting, vacuuming, mopping, and sanitizing various areas such as kitchens, bathrooms, and living rooms.
Commercial Cleaning caters to businesses looking for a clean and hygienic workplace environment. SparkleMaid Services can handle offices, retail spaces, and other commercial establishments. The pricing for commercial cleaning services varies widely based on the size and complexity of the space, generally averaging between $200 and $500 per session. This service often includes tasks such as trash removal, floor cleaning, and disinfecting high-touch surfaces.
Deep Cleaning is ideal for customers who need a more intensive cleaning solution. This service covers all areas of a standard cleaning but goes further to clean areas that are often overlooked. The average price for deep cleaning services is around $200 to $300. Customers can expect detailed cleaning of appliances, baseboards, vents, and other hard-to-reach areas, ensuring a thoroughly clean environment.
Carpet and Upholstery Cleaning is another specialized service offered. This service uses advanced cleaning techniques to remove dirt, stains, and allergens from carpets and upholstered furniture. The average cost for carpet and upholstery cleaning is approximately $100 to $200 per room, depending on the fabric and condition of the items being cleaned. This service can significantly extend the life of carpets and furniture while improving indoor air quality.
Post-Construction Cleaning is designed for clients who have recently completed construction or renovation projects. This service focuses on removing the dust, debris, and residue left behind after construction. Prices for post-construction cleaning typically range from $300 to $600, depending on the size of the area and the extent of the cleaning required. Services include thorough dusting, floor cleaning, and waste removal, ensuring the space is ready for occupancy.
SparkleMaid Services aims to provide high-quality cleaning solutions at competitive prices, ensuring customer satisfaction and a cleaner, healthier environment.
Promotions Plan
To attract and retain customers, we at SparkleMaid Services will employ a comprehensive promotional strategy that leverages both online and offline marketing tactics. Our approach will ensure maximum visibility and engagement with our target audience in Salt Lake City, UT.
First, we will employ Online Marketing strategies. A user-friendly and optimized website will serve as the cornerstone of our online presence. We will invest in Search Engine Optimization (SEO) to ensure our services rank highly on search engines, making it easier for potential customers to find us. Additionally, we will utilize Google Ads and social media advertising on platforms such as Facebook, Instagram, and LinkedIn to reach a broader audience. Engaging content, customer testimonials, and before-and-after photos will be featured prominently on our social media pages to build trust and credibility.
Next, we will implement an Email Marketing Campaign. By collecting email addresses through our website, social media, and in-person interactions, we will build a robust mailing list. Regular newsletters featuring special offers, cleaning tips, and company updates will keep us top-of-mind for our customers. Personalized emails to thank clients for their business and request reviews will also enhance customer loyalty and generate positive word-of-mouth.
Referral Programs will be another key component of our promotional strategy. We will encourage our satisfied customers to refer friends and family by offering discounts or free services for successful referrals. This not only incentivizes our current customers but also helps us reach new clients through trusted recommendations.
We will also engage in Community Involvement to build local awareness and goodwill. Sponsoring local events, participating in community clean-up days, and partnering with local charities will position SparkleMaid Services as a committed and caring business in the community. This involvement will be promoted through our social media channels and local press releases, further enhancing our reputation.
To capture the attention of potential customers who prefer traditional methods, we will utilize Print Advertising. Flyers, brochures, and direct mail campaigns will be distributed in strategic locations such as community centers, local businesses, and residential areas. These materials will highlight our unique selling propositions, competitive pricing, and contact information.
Lastly, we will offer Promotional Discounts and Seasonal Offers. Special discounts for first-time customers, holiday cleaning packages, and loyalty programs will attract new clients and encourage repeat business. These promotions will be advertised through all our marketing channels to ensure maximum reach.
By employing a diverse range of promotional methods, SparkleMaid Services aims to build a strong customer base and establish a reputable presence in Salt Lake City, UT. Our integrated approach will ensure we meet the needs and preferences of our target audience, ultimately driving growth and success for our business.
VII. Operations Plan
Our Operations Plan details:
- The key day-to-day processes that our business performs to serve our customers
- The key business milestones that our company expects to accomplish as we grow
Key Operational Processes
To ensure the success of SparkleMaid Services, there are several key day-to-day operational processes that we will perform:
- Customer Scheduling: We will manage and coordinate daily cleaning appointments, ensuring efficient use of time and resources.
- Staff Allocation: We will assign cleaning staff to various jobs based on their availability, skills, and proximity to job locations.
- Inventory Management: We will monitor and restock cleaning supplies and equipment to ensure that staff have everything they need to perform their duties effectively.
- Quality Control: We will implement quality control checks to ensure that all cleaning services meet our high standards, including customer feedback and follow-up inspections.
- Customer Communication: We will maintain regular communication with customers to confirm appointments, address concerns, and gather feedback to improve services.
- Employee Training: We will conduct regular training sessions to keep staff updated on the latest cleaning techniques and safety protocols.
- Billing and Invoicing: We will process payments and send invoices in a timely manner to maintain healthy cash flow and financial stability.
- Marketing and Promotion: We will engage in marketing activities such as social media promotion, local advertising, and customer referral programs to attract new clients and retain existing ones.
- Health and Safety Compliance: We will ensure that all operations comply with local health and safety regulations to protect both our staff and customers.
- Performance Monitoring: We will track key performance indicators (KPIs) such as customer satisfaction, employee productivity, and financial metrics to continually assess and improve our services.
Milestones
SparkleMaid Services expects to complete the following milestones in the coming months in order to ensure its success:
- Launch Our Cleaning Service: Officially roll out our cleaning services to the Salt Lake City market, complete with marketing and promotional activities.
- Obtain Necessary Permits and Licenses: Ensure all local, state, and federal permits and licenses are secured to operate legally.
- Establish Key Supplier Relationships: Secure reliable suppliers for cleaning products and equipment to ensure operational efficiency.
- Build an Effective Team: Hire and train a skilled and trustworthy team of cleaning professionals to deliver high-quality services.
- Implement Quality Control Measures: Develop and implement a robust quality control system to ensure consistently excellent service delivery.
- Secure Initial Client Base: Acquire a base of initial clients through targeted marketing and exceptional service, aiming for at least 50 regular clients within the first six months.
- Get to $15,000/Month in Revenue: Achieve a consistent monthly revenue of $15,000 by securing contracts with residential and commercial clients.
- Develop a Customer Feedback Loop: Create a system for gathering and acting on customer feedback to continuously improve our service.
- Expand Service Offerings: Introduce additional services such as deep cleaning, move-in/move-out cleaning, and eco-friendly cleaning options to attract a wider customer base.
- Build a Strong Online Presence: Develop and optimize a user-friendly website, and actively engage on social media platforms to build brand awareness and attract new clients.
VIII. Management Team
Our management team has the experience and expertise to successfully execute on our business plan.
Management Team Members
SparkleMaid Services management team, which includes the following members, has the experience and expertise to successfully execute on our business plan:
Maya Ortiz, President
Maya Ortiz has a history of success and has successfully run a cleaning service in the past. With years of experience in the cleaning industry, Maya brings a wealth of knowledge and a proven track record of operational excellence to SparkleMaid Services. Her leadership skills and strategic vision are instrumental in driving the company’s growth and ensuring high-quality service delivery. Maya’s hands-on experience in managing cleaning operations and her commitment to customer satisfaction make her a pivotal asset in achieving lasting success for SparkleMaid Services.
IX. Financial Plan
Summary
Below is an overview of our expected financial performance over the next five years:
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | |
---|---|---|---|---|---|
Revenues | $1,978,649 | $2,142,540 | $2,320,007 | $2,512,174 | $2,720,258 |
Direct Expenses | $782,520 | $822,386 | $864,282 | $908,314 | $954,588 |
Gross Profit | $1,196,128 | $1,320,154 | $1,455,725 | $1,603,860 | $1,765,670 |
Gross Profit (%) | 60.5% | 61.6% | 62.7% | 63.8% | 64.9% |
Other Expenses | $97,085 | $100,030 | $103,065 | $106,192 | $109,414 |
EBITDA | $1,099,043 | $1,220,123 | $1,352,659 | $1,497,667 | $1,656,255 |
Depreciation | $7,400 | $7,400 | $7,400 | $7,400 | $7,400 |
Amortization | $0 | $0 | $0 | $0 | $0 |
Interest Expense | $10,300 | $10,300 | $10,300 | $10,300 | $10,300 |
Income Tax Expense | $378,470 | $420,848 | $467,235 | $517,988 | $573,494 |
Net Income | $702,873 | $781,575 | $867,723 | $961,979 | $1,065,061 |
Funding Requirements/Use of Funds
To accomplish our growth goals, SparkleMaid Services needs $103,000 in funding. Key uses of this funding will be as follows:
Capital Investments | |
---|---|
Location Buildout/Renovations | $20,000 |
Furniture and Fixtures | $5,000 |
Equipment and Machines | $10,000 |
Computers and Technology | $2,000 |
Non Capital Investments | |
---|---|
Working Capital | $20,000 |
Initial Rent/Lease (3 months) | $6,000 |
Staff Salaries (for the first 3 months) | $30,000 |
Initial Marketing and Advertising | $5,000 |
Supplies | $2,000 |
Insurance (first year premium) | $3,000 |
Financial Projections
5 Year Annual Income Statement
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
Revenues | ||||||
Revenues | $1,978,649 | $2,142,540 | $2,320,007 | $2,512,174 | $2,720,258 | |
Total Revenues | $1,978,649 | $2,142,540 | $2,320,007 | $2,512,174 | $2,720,258 | |
Direct Costs | ||||||
Direct Costs | $782,520 | $822,386 | $864,282 | $908,314 | $954,588 | |
Total Direct Costs | $782,520 | $822,386 | $864,282 | $908,314 | $954,588 | |
GROSS PROFIT | $1,196,128 | $1,320,154 | $1,455,725 | $1,603,860 | $1,765,670 | |
GROSS PROFIT % | 60.5% | 61.6% | 62.7% | 63.8% | 64.9% | |
Other Expenses | ||||||
Salaries | $72,814 | $75,023 | $77,299 | $79,644 | $82,060 | |
Marketing Expenses | $6,067 | $6,251 | $6,441 | $6,637 | $6,838 | |
Rent/Utility Expenses | $6,067 | $6,251 | $6,441 | $6,637 | $6,838 | |
Other Expenses | $12,135 | $12,503 | $12,883 | $13,274 | $13,676 | |
Total Other Expenses | $97,085 | $100,030 | $103,065 | $106,192 | $109,414 | |
EBITDA | $1,099,043 | $1,220,123 | $1,352,659 | $1,497,667 | $1,656,255 | |
Depreciation | $7,400 | $7,400 | $7,400 | $7,400 | $7,400 | |
Amortization | $0 | $0 | $0 | $0 | $0 | |
EBIT | $1,091,643 | $1,212,723 | $1,345,259 | $1,490,267 | $1,648,855 | |
Interest Expense | $10,300 | $10,300 | $10,300 | $10,300 | $10,300 | |
PRETAX INCOME | $1,081,343 | $1,202,423 | $1,334,959 | $1,479,967 | $1,638,555 | |
Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
Use of Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
Taxable Income | $1,081,343 | $1,202,423 | $1,334,959 | $1,479,967 | $1,638,555 | |
Income Tax Expense | $378,470 | $420,848 | $467,235 | $517,988 | $573,494 | |
NET INCOME | $702,873 | $781,575 | $867,723 | $961,979 | $1,065,061 | |
Net Profit Margin (%) | 35.5% | 36.5% | 37.4% | 38.3% | 39.2% |
5 Year Annual Balance Sheet
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
ASSETS | ||||||
Cash | $681,044 | $1,459,584 | $2,323,287 | $3,284,945 | $4,241,191 | |
Other Current Assets | $169,840 | $183,907 | $199,141 | $209,347 | $226,688 | |
Total Current Assets | $850,884 | $1,643,492 | $2,522,428 | $3,494,293 | $4,467,879 | |
Intangible Assets | $0 | $0 | $0 | $0 | $0 | |
Acc Amortization | $0 | $0 | $0 | $0 | $0 | |
Net Intangibles | $0 | $0 | $0 | $0 | $0 | |
Fixed Assets | $37,000 | $37,000 | $37,000 | $37,000 | $37,000 | |
Accum Depreciation | $7,400 | $14,800 | $22,200 | $29,600 | $37,000 | |
Net fixed assets | $29,600 | $22,200 | $14,800 | $7,400 | $0 | |
Preliminary Exp | $0 | $0 | $0 | $0 | $0 | |
TOTAL ASSETS | $880,484 | $1,665,692 | $2,537,228 | $3,501,693 | $4,467,879 | |
LIABILITIES & EQUITY | ||||||
Current Liabilities | $74,611 | $78,243 | $82,056 | $84,542 | $88,666 | |
Debt outstanding | $103,000 | $103,000 | $103,000 | $103,000 | $0 | |
Total Liabilities | $177,611 | $181,243 | $185,056 | $187,542 | $88,666 | |
Share Capital | $0 | $0 | $0 | $0 | $0 | |
Retained earnings | $702,873 | $1,484,448 | $2,352,172 | $3,314,151 | $4,379,212 | |
Total Equity | $702,873 | $1,484,448 | $2,352,172 | $3,314,151 | $4,379,212 | |
TOTAL LIABILITIES & EQUITY | $880,484 | $1,665,692 | $2,537,228 | $3,501,693 | $4,467,879 |
5 Year Annual Cash Flow Statement
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
CASH FLOW FROM OPERATIONS | ||||||
Net Income (Loss) | $702,873 | $781,575 | $867,723 | $961,979 | $1,065,061 | |
Change in Working Capital | ($95,228) | ($10,435) | ($11,420) | ($7,721) | ($13,215) | |
Plus Depreciation | $7,400 | $7,400 | $7,400 | $7,400 | $7,400 | |
Plus Amortization | $0 | $0 | $0 | $0 | $0 | |
Net Cash Flow from Operations | $615,044 | $778,540 | $863,702 | $961,658 | $1,059,245 | |
CASH FLOW FROM INVESTMENTS | ||||||
Fixed Assets | ($37,000) | $0 | $0 | $0 | $0 | |
Intangible Assets | $0 | $0 | $0 | $0 | $0 | |
Net Cash Flow from Investments | ($37,000) | $0 | $0 | $0 | $0 | |
CASH FLOW FROM FINANCING | ||||||
Cash from Equity | $0 | $0 | $0 | $0 | $0 | |
Cash from Debt financing | $103,000 | $0 | $0 | $0 | ($103,000) | |
Net Cash Flow from Financing | $103,000 | $0 | $0 | $0 | ($103,000) | |
Net Cash Flow | $681,044 | $778,540 | $863,702 | $961,658 | $956,245 | |
Cash at Beginning of Period | $0 | $681,044 | $1,459,584 | $2,323,287 | $3,284,945 | |
$681,044 | $1,459,584 | $2,323,287 | $3,284,945 | $4,241,191 |