Errand Service Business Plan
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I. Executive Summary
Company Overview
RunEase Errands, based in El Cajon, California, is a comprehensive errand and personal assistant service designed to meet the needs of busy individuals and businesses alike. Our services range from grocery shopping to dry cleaning pick-up, and everything in between. We pride ourselves on providing a high level of convenience, reliability, and personalized service to our clients. By leveraging local knowledge and a strong community network, we aim to become an indispensable part of our clients’ daily lives, offering solutions that simplify tasks and free up valuable time. Our location in El Cajon, with plans to expand our reach, positions us to tap into a wide market of potential clients seeking to balance their busy schedules with personal and professional demands.
Success Factors
Our success is driven by a combination of key factors and accomplishments. We have established a strong local presence in El Cajon, providing a wide range of errand services that cater to the busy lifestyles of our clients. Our team’s expertise in logistics and customer service enables us to offer personalized, efficient solutions. With an initial focus on building a loyal customer base through exceptional service, we have laid a foundation for expansion. Our strategic approach to marketing and community engagement has further strengthened our position in the market. Looking ahead, we are committed to leveraging technology to enhance our service offerings and streamline operations, ensuring sustainable growth and customer satisfaction.
Industry Analysis
The errand services industry is experiencing growth, driven by increasing demand from time-poor consumers and businesses looking for efficiency in their daily operations. Technological advancements have enabled service providers to offer more personalized and convenient solutions, leading to a competitive market landscape. In El Cajon and the broader San Diego area, the sector’s expansion is particularly notable among working professionals and small to medium-sized businesses seeking to outsource non-core tasks. Factors such as population growth, urbanization, and the rise of the gig economy contribute to the industry’s dynamics, presenting opportunities for companies like RunEase Errands to innovate and capture market share through differentiated service offerings.
Customer Analysis
Our target customers include busy professionals, elderly residents, small to medium-sized businesses, and anyone looking to reclaim time from their hectic schedules. These individuals value convenience, reliability, and quality service above all. They reside in El Cajon and its surrounding areas, where the demand for personal assistant services is on the rise due to the fast-paced lifestyle and the growing economy. Our services are tailored to meet the diverse needs of our clients, offering them a way to efficiently manage their daily tasks with our help. By understanding our customers’ preferences and challenges, we aim to provide solutions that not only meet but exceed their expectations.
Competitive Analysis
- Haelo Express Pick-up & Delivery: Known for their reliability and a broad range of services catering to both personal and business needs in the San Diego area.
- Rapidus: Offers on-demand delivery services with advanced technology, serving a wide range of customers, including e-commerce businesses, across California.
- Lizzy Johnston Style Solutions: Specializes in personal shopping and styling, providing high-quality, personalized services to high-net-worth individuals and busy professionals in San Diego.
Our competitive advantages include a strong focus on personalized service, local market knowledge, and a comprehensive range of services designed to meet the unique needs of our clients in El Cajon and beyond. These strengths position us well against competitors and allow us to build lasting relationships with our clients.
Marketing Plan
Our marketing strategy emphasizes the breadth and quality of our services, competitive pricing, and exceptional customer service. We offer a wide array of errands and personal assistant services, priced competitively to attract diverse customer segments. We leverage a multi-channel promotions plan, including social media, local advertising, and community events, to increase brand awareness and engage potential clients. Our promotions are designed to highlight the convenience, reliability, and personalized nature of our services, differentiating us in the competitive market. Through targeted outreach and strategic partnerships, we aim to expand our customer base and establish RunEase Errands as a leading service provider in the region.
Operations Plan
Our operational processes are designed to ensure efficiency and high customer satisfaction. Key processes include client onboarding, service customization, and continuous feedback mechanisms. We prioritize operational milestones such as the expansion of our service offerings, technological enhancements for service booking and management, and geographic expansion within and beyond El Cajon. By focusing on these areas, we aim to streamline our operations, improve service delivery, and achieve sustainable growth.
Management Team
The RunEase Errands management team, led by CEO Emily Green, brings together a wealth of experience and expertise across operations, finance, and technology. Emily Green’s background in running successful errand services, combined with Michael Johnson’s operational excellence, Sarah Lee’s financial stewardship, and David Kim’s technological innovations, form a solid foundation for our business. Our leadership team’s diverse skill set and shared vision for excellence position RunEase Errands for success and growth in the errand services industry.
Financial Plan
We are seeking an initial investment to fuel our growth objectives, which include expanding our service offerings, enhancing our technology platform, and broadening our market reach. This funding will enable us to capitalize on the growing demand for errand services in El Cajon and beyond, ensuring we have the resources necessary to scale our operations effectively and sustain our competitive edge in the market.
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 | $8,700 | $8,700 | $8,700 | $8,700 | $8,700 |
| Income Tax Expense | $379,030 | $421,408 | $467,795 | $518,548 | $574,054 |
| Net Income | $703,913 | $782,615 | $868,763 | $963,019 | $1,066,101 |
II. Company Overview
RunEase Errands is a new Errand Service dedicated to serving customers in El Cajon, CA. As a local errand service, we’ve recognized a gap in the market for high-quality, reliable errand services within our community. Our mission is to fill this void and provide unparalleled service to our residents, helping them to save time, reduce stress, and enhance the management of their daily responsibilities.
At RunEase Errands, our range of services is designed to cater to the varied needs of our customers. Our offerings include Grocery Shopping and Delivery, Prescription Pickup and Delivery, Dry Cleaning and Laundry Services, Mail and Package Handling, as well as Personal Shopping and Gift Buying. By entrusting us with these tasks, our customers can enjoy more free time, focus on what’s important, and leave the errands to us.
Operating out of El Cajon, CA, RunEase Errands is perfectly positioned to serve the local community of El Cajon. Our intimate knowledge of the area and its residents allows us to provide personalized, efficient, and timely service to every one of our customers.
Our success is built on a solid foundation. The founder of RunEase Errands brings valuable experience from previously running a successful errand service. This experience, combined with our commitment to offering superior services, sets us apart from the competition and positions us for success. Our services are designed to help our clients save time, reduce stress, and manage their daily tasks more effectively, making us the go-to errand service in El Cajon.
Since our founding on January 3, 2024, as a S Corporation, we have achieved several key milestones. These accomplishments include the creation of our brand identity with a professionally designed logo, the development of our company name, and securing an ideal location for our operations. These achievements mark the beginning of our journey towards becoming the leading errand service in El Cajon, and we are excited about the opportunities that lie ahead.
III. Industry Analysis
The Errand Service industry in the United States is a rapidly growing sector, with a current market size of approximately $2.3 billion. This figure is expected to continue expanding, with a projected annual growth rate of 4.5% over the next five years. This growth is driven by an increasing demand for convenience and time-saving services among busy professionals and families.
One of the key trends in the Errand Service industry is the rise of on-demand services, where customers can request and schedule errands quickly and easily through mobile apps or websites. This trend bodes well for RunEase Errands, as their convenient online platform allows customers in El Cajon, CA to book and manage their errands with ease. With the increasing reliance on technology for everyday tasks, RunEase Errands is well-positioned to capitalize on this trend and attract a growing customer base.
Another trend in the Errand Service industry is the emphasis on personalized and tailored services to meet the unique needs of each customer. RunEase Errands differentiates itself by offering customizable errand packages and exceptional customer service. By focusing on delivering high-quality, personalized experiences, RunEase Errands has the opportunity to stand out in a competitive market and build a loyal customer following in El Cajon, CA.
IV. Customer Analysis
Below is a description of our target customers and their core needs.
Target Customers
We will target local residents in El Cajon, CA, who seek convenience and time-saving solutions for their daily tasks. This group will include busy professionals who need assistance with grocery shopping, prescription pick-ups, and other routine errands. Families with young children will also benefit from our services, as managing household chores can be particularly challenging for them.
We will also focus on elderly residents who may require additional support to maintain their independence. These customers will appreciate help with medical appointments, prescription deliveries, and other essential services. Additionally, individuals with disabilities will find our services invaluable for managing their day-to-day activities.
Small business owners in the area will be another critical customer segment for us. We will offer services such as document delivery, supply pick-up, and other administrative tasks that can help them streamline their operations. By catering to these diverse groups, we will ensure that our services meet the varied needs of the El Cajon community.
Customer Needs
RunEase Errands can fulfill the needs of customers who require assistance with managing their daily tasks efficiently. Customers expect high-quality services that save them time and reduce the stress associated with managing a busy lifestyle. By offering services such as grocery shopping, prescription pick-ups, and package deliveries, RunEase Errands meets the demand for convenience and reliability.
Clients have the need for flexibility and personalization in the services provided. RunEase Errands can offer tailored solutions that accommodate unique schedules and preferences, ensuring that each customer feels valued and understood. This level of customization enhances customer satisfaction and fosters long-term loyalty.
Safety and trust are paramount concerns for customers entrusting someone with their personal errands. RunEase Errands ensures a secure and dependable service by employing thoroughly vetted and trained professionals. This commitment to safety builds confidence and peace of mind among clients, addressing their need for a trustworthy service.
In addition to task management, customers may seek cost-effective solutions that provide value for money. RunEase Errands can offer competitive pricing and transparent billing practices, making high-quality errand services accessible to a broader audience. This approach not only meets financial considerations but also strengthens the perceived value of the service.
V. Competitive Analysis
Direct Competitors
RunEase Errands’s competitors include the following companies:
Haelo Express Pick-up & Delivery
Haelo Express Pick-up & Delivery offers a range of services including same-day delivery, scheduled deliveries, and custom logistics solutions. They cater to both personal and business needs. Price points for Haelo Express vary based on the urgency and distance of the delivery, typically ranging from $10 to $50 per task. Detailed pricing is available upon request.
Haelo Express generates an estimated revenue of $2 million annually. They have their main office in San Diego, CA, and serve the greater San Diego area, including El Cajon. Their customer segments include individuals needing personal errands, small businesses, and larger corporate clients. They are known for their reliability and speed.
Strengths include a strong local presence and a diversified service offering. Weaknesses include limited national reach and higher prices compared to some competitors.
Rapidus
Rapidus provides on-demand delivery services that are available 24/7. They offer quick and reliable delivery for packages of all sizes and weights. Their pricing starts at around $9 for local deliveries and can go up based on distance and service type. They provide transparent pricing through their app and website.
Rapidus has an estimated annual revenue of $5 million. They operate widely across California, including El Cajon, and have a growing presence in other states. Rapidus serves a wide range of customers, from individual users to large businesses needing frequent deliveries. They are especially popular with e-commerce companies.
Key strengths include their advanced technology platform and wide service area. However, their weaknesses include less personalized service and potential reliability issues during peak times.
Lizzy Johnston Style Solutions
Lizzy Johnston Style Solutions specializes in personal shopping, styling, and wardrobe management. They also offer concierge services including errand running. Prices for their services start at $50 per hour for personal shopping and styling, with packages available for more comprehensive services. Errand services are typically charged at a lower rate.
With an estimated annual revenue of $1 million, Lizzy Johnston Style Solutions has a boutique approach. They are based in San Diego but serve clients throughout the San Diego County, including El Cajon. Their primary customer segments are high-net-worth individuals and busy professionals looking for personalized lifestyle management. They have a loyal client base.
Strengths include high-quality, personalized services and strong client relationships. Weaknesses involve high cost and limited scalability compared to more generalized errand services.
Competitive Advantages
At RunEase Errands, we pride ourselves on providing superior services that help our clients save time, reduce stress, and manage their daily responsibilities more effectively than our competition. Our dedicated team of professionals is trained to handle a wide array of tasks, from grocery shopping to prescription pickups, with efficiency and a personal touch. We understand that our clients lead busy lives, and our services are designed to alleviate the burden of everyday errands, allowing them to focus on what truly matters. By offering customizable service packages, we ensure that our clients receive exactly the assistance they need, when they need it.
Additionally, we leverage technology to streamline operations and enhance customer experience. Our easy-to-use app allows clients to schedule, track, and manage their errands with just a few taps, providing transparency and peace of mind. We also prioritize the safety and security of our clients by conducting thorough background checks and continuous training for our staff. Our commitment to excellence and customer satisfaction sets us apart in the competitive market, making RunEase Errands the go-to solution for residents in El Cajon seeking reliable and high-quality errand services.
VI. Marketing Plan
Our marketing plan, included below, details our products/services, pricing and promotions plan.
Products, Services & Pricing
RunEase Errands offers a variety of essential services designed to make life easier for their customers. Among their key services is Grocery Shopping and Delivery, where customers can have their weekly or emergency groceries delivered right to their doorstep. This service typically comes with an average price of $20 per delivery, not including the cost of groceries.
Another vital service provided is Prescription Pickup and Delivery. Customers who have difficulty visiting pharmacies or prefer the convenience of home delivery can rely on RunEase Errands to handle this task. The average price for this service is $15 per delivery, ensuring timely and secure delivery of medications.
Dry Cleaning and Laundry Services are also available, catering to busy individuals who need their clothes cleaned and returned without the hassle of visiting a laundromat. This service generally costs around $25 per delivery, covering the pickup and drop-off of laundry or dry cleaning items.
Mail and Package Handling is another service offered, perfect for customers who need assistance with sending or receiving packages. Whether it’s a regular mail run or handling larger parcels, this service typically costs $10 per trip, providing a reliable solution for mail and package needs.
Personal Shopping and Gift Buying rounds out the suite of services. Customers can have RunEase Errands shop for personal items or purchase gifts for special occasions. This service averages $30 per shopping trip, offering a convenient way to manage personal shopping tasks efficiently.
Promotions Plan
RunEase Errands expects to attract customers through a variety of promotional methods and tactics. One of the primary methods we will employ is online marketing. We will leverage social media platforms such as Facebook, Instagram, and Twitter to create engaging content, promotions, and updates that resonate with our target audience. This will include sponsored posts and targeted ads to reach potential customers in El Cajon, CA.
We will also develop a user-friendly website optimized for search engines (SEO) to ensure that our services appear at the top of search results for relevant keywords. This will help us capture organic traffic from individuals looking for errand services in our area. Additionally, we will implement a blog on our website that provides useful tips, industry news, and updates about our services, which will further enhance our SEO efforts and position us as an authority in the errand service industry.
Email marketing campaigns will be another key tactic. We will collect email addresses through our website and social media channels, and send out regular newsletters with special offers, updates, and useful information. This will help keep our audience engaged and encourage repeat business.
Furthermore, we will employ traditional marketing methods such as distributing flyers, brochures, and business cards in local businesses and community centers. Partnering with local businesses for cross-promotions and offering introductory discounts to first-time customers will also help us gain visibility and attract new clients.
Word-of-mouth referrals will be encouraged through a referral program, where existing customers receive discounts or incentives for referring friends and family to our services. Positive customer reviews and testimonials will be prominently featured on our website and social media profiles to build trust and credibility.
By utilizing these promotional methods and tactics, RunEase Errands expects to effectively attract and retain customers, establishing a strong presence in the El Cajon community.
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 RunEase Errands, there are several key day-to-day operational processes that we will perform:
- Customer Service Management:
- Answer customer inquiries promptly through phone, email, and social media.
- Schedule and confirm errand appointments with customers.
- Address complaints and resolve issues to ensure customer satisfaction.
- Logistics and Scheduling:
- Optimize daily routes for efficiency and time management.
- Coordinate with errand runners to ensure punctuality and reliability.
- Monitor traffic and weather conditions to adjust schedules as needed.
- Task Execution:
- Perform a variety of errands such as grocery shopping, prescription pickups, and package deliveries.
- Complete tasks accurately and within the specified timeframe.
- Provide real-time updates to customers on the status of their errands.
- Financial Management:
- Process payments and issue receipts for services rendered.
- Track expenses and revenues to ensure profitability.
- Manage invoicing and follow up on outstanding payments.
- Marketing and Customer Retention:
- Implement marketing campaigns to attract new customers.
- Use social media and other digital platforms to promote services.
- Offer loyalty programs or discounts to retain existing customers.
- Quality Control:
- Regularly review customer feedback to identify areas for improvement.
- Conduct periodic performance evaluations for errand runners.
- Ensure all errands meet the company’s quality standards.
- Compliance and Safety:
- Adhere to local regulations and licensing requirements.
- Ensure all errand runners are trained in safety protocols.
- Maintain insurance coverage for liability and vehicle use.
- Technology Utilization:
- Use scheduling and route optimization software to enhance efficiency.
- Implement a customer relationship management (CRM) system to track interactions and preferences.
- Maintain an up-to-date website and mobile app for easy customer access.
Milestones
RunEase Errands expects to complete the following milestones in the coming months in order to ensure its success:
- Launch Our Errand Service: Officially start offering and promoting our errand services to the community in El Cajon, CA.
- Secure Initial Customer Base: Acquire a minimum of 50 recurring customers within the first 3 months of operation to ensure a steady cash flow.
- Hire and Train Reliable Staff: Recruit and train a team of reliable and trustworthy personnel to handle errands efficiently and professionally.
- Implement Robust Scheduling System: Develop and integrate a user-friendly scheduling and dispatch system to optimize workflow and service delivery.
- Achieve $15,000/Month in Revenue: Generate at least $15,000 in monthly revenue within the first 6 months to ensure financial sustainability and operational growth.
- Establish Strategic Partnerships: Form partnerships with local businesses, such as grocery stores and pharmacies, to provide added value and exclusive services to our customers.
- Expand Service Offerings: Introduce additional errand services based on customer feedback and market demand to increase revenue streams.
- Enhance Marketing Efforts: Launch targeted marketing campaigns to increase brand awareness and attract new customers, including leveraging social media and local advertising.
- Implement Customer Feedback Mechanism: Establish a system for collecting and acting on customer feedback to continuously improve service quality and customer satisfaction.
- Financial Health Check: Conduct a comprehensive financial review at the 12-month mark to assess profitability and make any necessary adjustments to the business model.
VIII. Management Team
Our management team has the experience and expertise to successfully execute on our business plan.
Management Team Members
RunEase Errands management team, which includes the following members, has the experience and expertise to successfully execute on our business plan:
Emily Green, CEO
Emily Green has a history of success and has successfully run an errand service in the past. With a proven track record in operational excellence and a knack for scaling service-oriented businesses, Emily brings a wealth of experience to RunEase Errands. Her leadership has been marked by innovative strategies and a deep understanding of customer needs, positioning the company for long-term growth and success.
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 | $8,700 | $8,700 | $8,700 | $8,700 | $8,700 |
| Income Tax Expense | $379,030 | $421,408 | $467,795 | $518,548 | $574,054 |
| Net Income | $703,913 | $782,615 | $868,763 | $963,019 | $1,066,101 |
Funding Requirements/Use of Funds
To accomplish our growth goals, RunEase Errands needs $87,000 in funding. Key uses of this funding will be as follows:
| Capital Investments | |
|---|---|
| Location Buildout/Renovations | $20,000 |
| Furniture | $5,000 |
| Equipment | $10,000 |
| Computers and Software | $2,000 |
| Non Capital Investments | |
|---|---|
| Working Capital | $20,000 |
| Initial Rent/Lease (3 months advance) | $6,000 |
| Staff Salaries for the First 3 Months | $15,000 |
| Initial Marketing and Advertising | $5,000 |
| Supplies | $2,000 |
| Insurance | $2,000 |
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 | $8,700 | $8,700 | $8,700 | $8,700 | $8,700 | |
| PRETAX INCOME | $1,082,943 | $1,204,023 | $1,336,559 | $1,481,567 | $1,640,155 | |
| Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
| Use of Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
| Taxable Income | $1,082,943 | $1,204,023 | $1,336,559 | $1,481,567 | $1,640,155 | |
| Income Tax Expense | $379,030 | $421,408 | $467,795 | $518,548 | $574,054 | |
| NET INCOME | $703,913 | $782,615 | $868,763 | $963,019 | $1,066,101 | |
| Net Profit Margin (%) | 35.6% | 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 | $666,084 | $1,445,664 | $2,310,407 | $3,273,105 | $4,246,391 | |
| Other Current Assets | $169,840 | $183,907 | $199,141 | $209,347 | $226,688 | |
| Total Current Assets | $835,924 | $1,629,572 | $2,509,548 | $3,482,453 | $4,473,079 | |
| 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 | $865,524 | $1,651,772 | $2,524,348 | $3,489,853 | $4,473,079 | |
| LIABILITIES & EQUITY | ||||||
| Current Liabilities | $74,611 | $78,243 | $82,056 | $84,542 | $88,666 | |
| Debt outstanding | $87,000 | $87,000 | $87,000 | $87,000 | $0 | |
| Total Liabilities | $161,611 | $165,243 | $169,056 | $171,542 | $88,666 | |
| Share Capital | $0 | $0 | $0 | $0 | $0 | |
| Retained earnings | $703,913 | $1,486,528 | $2,355,292 | $3,318,311 | $4,384,412 | |
| Total Equity | $703,913 | $1,486,528 | $2,355,292 | $3,318,311 | $4,384,412 | |
| TOTAL LIABILITIES & EQUITY | $865,524 | $1,651,772 | $2,524,348 | $3,489,853 | $4,473,079 |
5 Year Annual Cash Flow Statement
| FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
|---|---|---|---|---|---|---|
| CASH FLOW FROM OPERATIONS | ||||||
| Net Income (Loss) | $703,913 | $782,615 | $868,763 | $963,019 | $1,066,101 | |
| 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 | $616,084 | $779,580 | $864,742 | $962,698 | $1,060,285 | |
| 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 | $87,000 | $0 | $0 | $0 | ($87,000) | |
| Net Cash Flow from Financing | $87,000 | $0 | $0 | $0 | ($87,000) | |
| Net Cash Flow | $666,084 | $779,580 | $864,742 | $962,698 | $973,285 | |
| Cash at Beginning of Period | $0 | $666,084 | $1,445,664 | $2,310,407 | $3,273,105 | |
| $666,084 | $1,445,664 | $2,310,407 | $3,273,105 | $4,246,391 |