Notary Business Plan
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I. Executive Summary
Company Overview
Authentic Seal Notary Services, located in Lakewood, WA, is a newly established notary service provider aiming to fill the gap in high-quality local notary services within the area. We offer a comprehensive range of notary services including Document Notarization, Apostille and Authentication Services, Mobile Notary Services, Loan Signing Services, and Copy Certification. Our mission is to provide seamless, efficient notary services to the Lakewood community and surrounding areas, ensuring all legal, financial, and personal documents are authenticated in compliance with state laws. Our strategic location enhances our ability to serve our clients with speed and efficiency, particularly through our mobile notary services.
Success Factors
Our unique positioning for success is supported by the experience of our founder, who brings valuable insights from running a successful notary business previously. This experience, combined with our commitment to surpassing the capabilities of our competition by providing superior support for legal, financial, and business transactions, sets us apart. Since our founding on January 4, 2024, we have achieved significant milestones such as developing our company name, designing our logo, and securing a prime location for our operations. These accomplishments demonstrate our solid foundation and our potential to become Lakewood, WA’s leading notary service provider.
Industry Analysis
The Notary industry in the United States is a robust market with over 4.4 million registered Notaries, a number expected to rise in response to the growing demand for notary services fueled by the expanding real estate market, the shift towards remote online notarization, and the increasing need for legal document verification. Authentic Seal Notary Services is well-positioned to capitalize on these trends, particularly the shift towards digital and remote notarization services—a movement accelerated by the COVID-19 pandemic. Additionally, our commitment to authenticity and security in our notarization services enables us to leverage industry trends towards ensuring reliable and trustworthy notary services.
Customer Analysis
Our target clientele encompasses local residents in need of notarization for personal documents, small business owners and entrepreneurs requiring notarization for business documents, military personnel and their families, and senior citizens. We aim to provide unparalleled convenience and accessibility to these groups, tailoring our services to meet their diverse needs. By offering flexible scheduling and specialized services, such as mobile notary services for military-related documents and a compassionate approach for seniors, we ensure our services are both timely and efficient, catering specifically to the unique requirements of each customer segment.
Competitive Analysis
Our main competitors are Chase Mobile Notary, known for their mobile services and flexibility; The UPS Store, offering a wide range of services including notary public services; and Joseph Berezhnoy, recognized for his specialized notary services and personalized attention. Despite the strengths of these competitors, Authentic Seal Notary Services distinguishes itself through our emphasis on accuracy, thoroughness, and superior customer service. Our expertise in the latest regulations and commitment to continuous improvement enable us to offer the most efficient and up-to-date notarization services. Furthermore, our mobile notary services and flexible scheduling options provide the convenience and reliability that our clients, from busy professionals to individuals, seek.
Marketing Plan
Authentic Seal Notary Services offers a range of essential notary services, including Document Notarization, Apostille and Authentication Services, Mobile Notary Services, Loan Signing Services, and Copy Certification, all priced competitively to meet our clients’ needs. Our marketing strategy encompasses a strong online presence through social media and SEO to ensure high visibility. Our website serves as a comprehensive platform for information, bookings, and valuable content, complemented by direct email marketing campaigns and engagement in local events to foster community relations. Traditional marketing efforts such as flyers, business cards, and partnerships with local businesses further support our goal to be Lakewood, WA’s premier notary service provider.
Operations Plan
To achieve operational excellence, Authentic Seal Notary Services focuses on effective client scheduling, meticulous document and identity verification, compliance with state laws during the notarization process, secure record keeping, and responsive client communication. We also prioritize staying current with notary laws and participating in ongoing training. Financial management and strategic marketing and business development activities are integral to our operations plan. Upcoming milestones include obtaining necessary licenses and certifications, securing an office location, developing our online presence, launching our services, building client relationships, implementing a customer feedback system, and achieving targeted revenue goals within the first 24 months.
Management Team
Under the leadership of Hazel Kelly, our President with a proven track record in the notary industry, Authentic Seal Notary Services is poised for success. Hazel’s extensive experience and dedication to operational excellence and customer satisfaction are instrumental in driving our mission to provide top-notch notary services. Her vision for the company ensures that we are well-equipped to meet the highest standards of service and establish ourselves as a trusted pillar in the Lakewood community.
Financial Plan
To reach our growth objectives, Authentic Seal Notary Services requires $92,000 in funding. This capital will be allocated towards both capital and non-capital investments including location buildout, equipment, initial rent, staff salaries, marketing, and other operational expenses. This financial plan is designed to support our strategic goals, including expanding our service offerings and achieving sustainable revenue targets, thereby ensuring our profitability and long-term success in the notary industry.
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 | $1,731,317 | $1,874,723 | $2,030,006 | $2,198,152 | $2,380,226 |
| Direct Expenses | $489,075 | $513,991 | $540,176 | $567,696 | $596,617 |
| Gross Profit | $1,242,242 | $1,360,731 | $1,489,830 | $1,630,456 | $1,783,608 |
| Gross Profit (%) | 71.8% | 72.6% | 73.4% | 74.2% | 74.9% |
| Other Expenses | $97,085 | $100,030 | $103,065 | $106,192 | $109,414 |
| EBITDA | $1,145,157 | $1,260,701 | $1,386,764 | $1,524,263 | $1,674,193 |
| Depreciation | $6,100 | $6,100 | $6,100 | $6,100 | $6,100 |
| Amortization | $0 | $0 | $0 | $0 | $0 |
| Interest Expense | $9,200 | $9,200 | $9,200 | $9,200 | $9,200 |
| Income Tax Expense | $395,450 | $435,890 | $480,012 | $528,137 | $580,612 |
| Net Income | $734,407 | $809,510 | $891,451 | $980,826 | $1,078,281 |
II. Company Overview
Authentic Seal Notary Services is a new Notary serving customers in Lakewood, WA. We are a local notary. There are no high-quality local notaries in the area, which positions us uniquely to fill this gap. Our aim is to provide seamless, efficient notary services that our community can rely on for all their legal, financial, and personal documentation needs.
Our range of products and services caters to a variety of needs. We specialize in Document Notarization, ensuring that all your legal documents are authenticated in compliance with state laws. Our Apostille and Authentication Services are designed for those who require their documents to be recognized internationally. For our clients’ convenience, we offer Mobile Notary Services, bringing our services directly to your location. Our Loan Signing Services are tailored for the real estate sector, facilitating smooth closing processes for both buyers and sellers. Additionally, we provide Copy Certification, ensuring that your copies are certified true copies of the original documents.
Located in Lakewood, WA, Authentic Seal Notary Services is proud to serve the residents of Lakewood and the surrounding areas. Our strategic location allows us to reach our clients easily and facilitates a faster response time for all our mobile notary services.
We are uniquely qualified to succeed for several reasons. Our founder brings experience from previously running a successful notary, providing us with invaluable insights and a solid foundation from the get-go. Moreover, our commitment to providing better support for legal, financial, and business transactions sets us apart. We ensure that all documents are properly authenticated and legally recognized, surpassing the capabilities of our competition.
Authentic Seal Notary Services was founded on 2024-01-04, operating under the legal structure of an S Corporation. Since our inception, we have achieved several milestones, including designing our logo, developing our company name, and securing a prime location for our operations. These accomplishments mark just the beginning of our journey towards becoming the leading notary service provider in Lakewood, WA.
III. Industry Analysis
The Notary industry in the United States is a significant market, with over 4.4 million Notaries currently registered across the country. This number is expected to continue growing as the demand for Notary services increases due to various factors such as the growing real estate market, the rise in remote online notarization, and the need for legal document verification.
One of the key trends in the Notary industry is the shift towards digital and remote notarization services. This trend has been accelerated by the COVID-19 pandemic, which has made in-person interactions more challenging. Authentic Seal Notary Services, as a new Notary in Lakewood, WA, is well-positioned to take advantage of this trend by offering convenient and secure remote notarization services to customers in the area.
Furthermore, there is a growing emphasis on the importance of authenticity and security in notarization services, which bodes well for Authentic Seal Notary Services. With a commitment to providing reliable and trustworthy notarization services, Authentic Seal can capitalize on this trend and establish itself as a trusted provider in the industry.
IV. Customer Analysis
Below is a description of our target customers and their core needs.
Target Customers
We will target local residents who require notarization services for various personal documents such as wills, power of attorney forms, and real estate transactions. These customers will include homeowners, renters, and individuals involved in legal matters. We will tailor our services to provide convenience and accessibility to meet their needs.
We will also focus on small business owners and entrepreneurs in Lakewood, WA, who need notarization services for business-related documents such as contracts, agreements, and corporate forms. This segment will benefit from our reliable and professional services, ensuring that their documents are legally binding and properly authenticated. We will offer flexible scheduling to accommodate their busy work hours.
Another important customer segment will include military personnel and their families, given Lakewood’s proximity to Joint Base Lewis-McChord. We will provide specialized services for military-related documents, including deployment papers and affidavits. Our understanding of the unique needs of military families will ensure that we offer timely and efficient services.
Additionally, we will target senior citizens who may require notarization for estate planning, healthcare directives, and other important documents. By offering mobile notary services, we will make it easier for seniors to access our services without leaving their homes. Our compassionate and patient approach will cater specifically to this demographic.
Customer Needs
Customers seeking notary services often desire high-quality and reliable notarizations. Authentic Seal Notary Services can meet this need by ensuring that all documents are handled with the utmost precision and care. This level of professionalism instills confidence and trust in the clientele.
Timeliness and convenience are also critical needs for customers. Many individuals have busy schedules and require notary services that are flexible and accessible. Authentic Seal Notary Services can offer mobile notary options, allowing clients to have documents notarized at their preferred location and time.
Security and confidentiality are paramount when handling sensitive documents. Customers expect their personal and legal information to be protected during the notarization process. Authentic Seal Notary Services can maintain strict privacy protocols and use secure methods to safeguard client information.
Additionally, customers value excellent customer service and clear communication. Authentic Seal Notary Services can provide a friendly and knowledgeable staff to assist with any questions or concerns. This commitment to customer care enhances the overall experience and encourages repeat business.
V. Competitive Analysis
Direct Competitors
Authentic Seal Notary Services’s competitors include the following companies:
Chase Mobile Notary
Chase Mobile Notary offers a range of notary services including loan signings, general notary work, and estate planning document notarizations. They are known for their mobile services, providing convenience by traveling to the client’s location. Their prices vary based on the type of service, typically ranging from $50 to $150 per appointment. Chase Mobile Notary’s revenue is estimated to be in the mid to high five-figure range annually. They primarily serve the Lakewood, WA area and surrounding regions. Their customer segments include individuals needing personal notarizations and businesses requiring regular notary services. A key strength is their flexibility and convenience as a mobile service. However, a potential weakness is the limited geographical area they serve, which may restrict market expansion.
The UPS Store
The UPS Store offers a broad spectrum of services including notary public services, shipping, printing, and mailbox rentals. Their notary services are available during regular store hours, providing added convenience. The pricing for notary services usually starts at $10 per signature, with additional charges for more complex notarizations. Revenue for each store can range from mid-six figures to low-seven figures annually due to their diversified services. They have multiple locations in and around Lakewood, WA, catering to a wide range of customers including individuals, small businesses, and large corporations. The UPS Store serves a broad geography, leveraging its extensive network of locations. Their key strength lies in the variety of services offered in one place, making it a one-stop-shop for many needs. However, a weakness may be the potential lack of personalized service due to the high volume of customers.
Joseph Berezhnoy
Joseph Berezhnoy offers specialized notary services, including real estate document notarization, loan signings, and legal document notarizations. His services are known for their attention to detail and accuracy. Pricing for his services generally ranges from $75 to $200 depending on the complexity of the task. Joseph Berezhnoy’s revenue is estimated to be in the mid-five-figure range annually. He serves the Lakewood, WA area and nearby communities. His primary customer segments include real estate professionals, attorneys, and individuals requiring specialized notary services. A key strength is his specialized expertise and personalized service. However, a weakness may be the limited scalability of a single-person operation, potentially impacting availability during peak times.
Competitive Advantages
Authentic Seal Notary Services stands out by providing superior support for legal, financial, and business transactions. Our expertise ensures that documents are properly authenticated and legally recognized, offering peace of mind to our clients. Unlike our competitors, we place a strong emphasis on accuracy and thoroughness, which is crucial in preventing any potential legal complications down the line. Our team is well-versed in the latest regulations and best practices, making us a reliable partner for all notarization needs.
Additionally, we prioritize customer service, ensuring that our clients receive prompt and professional assistance. Our flexible scheduling options and mobile notary services cater to the diverse needs of our clients, whether they require services at home, the office, or another location. This level of convenience sets us apart and makes us the go-to choice for busy professionals and individuals alike. Furthermore, our commitment to continuous learning and improvement means that we stay ahead of industry trends, providing our clients with the most efficient and up-to-date notarization services.
VI. Marketing Plan
Our marketing plan, included below, details our products/services, pricing and promotions plan.
Products, Services & Pricing
Authentic Seal Notary Services offers a variety of essential notary services to meet your needs. One of the key services provided is Document Notarization. This service is ideal for individuals who need legal documents notarized to ensure their authenticity. The average price for document notarization is $15 per signature, which is competitive and in line with state regulations.
Another crucial service available is Apostille and Authentication Services. This is especially useful for documents that need to be recognized in foreign countries. The process involves certifying the document through a higher authority to validate its authenticity. The average price for apostille services is around $75 per document, making it an affordable option for international document requirements.
For those who prefer convenience, Mobile Notary Services are offered. This service allows a notary to come to your location, whether it be your home, office, or another agreed-upon place. This is particularly useful for clients with mobility issues or those with busy schedules. The average cost for mobile notary services is $50 per visit, plus the standard notarization fees per document.
Loan Signing Services are also provided, catering to the needs of individuals involved in real estate transactions. This specialized service ensures that all loan documents are properly signed and notarized, streamlining the closing process. The average fee for loan signing services is $150 per signing, which covers the comprehensive nature of this specialized service.
Lastly, Copy Certification services are available to verify that copies of documents are true and accurate representations of the originals. This service is often required for various legal and administrative processes. The average price for copy certification is $10 per copy, making it a cost-effective solution for ensuring the legitimacy of document copies.
Promotions Plan
At Authentic Seal Notary Services, we utilize a variety of promotional methods to attract and retain customers. Our online marketing strategy encompasses a robust social media presence on platforms like Facebook, Instagram, and LinkedIn to engage with our community and share valuable content related to notary services. We also leverage search engine optimization (SEO) to ensure our website ranks highly on search engines when potential customers look for notary services in Lakewood, WA.
We maintain an updated and informative website that provides detailed information about our services, pricing, and contact information. Our website also features an easy-to-use booking system, allowing customers to schedule appointments conveniently. To capture the interest of site visitors, we offer a blog section where we publish articles about notary services, legal updates, and other relevant topics.
To complement our online efforts, we engage in email marketing campaigns to keep our clients informed about our services, special offers, and important updates. We collect email addresses through our website and in-person interactions, ensuring our communications are targeted and effective.
We also participate in local events and community activities to establish our presence and build relationships with potential clients. By sponsoring local events and attending community meetings, we increase our visibility and demonstrate our commitment to serving the Lakewood community.
In addition to these methods, we utilize traditional marketing tactics such as distributing flyers and business cards in strategic locations like libraries, community centers, and local businesses. We also collaborate with local real estate agents, attorneys, and other professionals who frequently require notary services, creating a network of referral partners.
By combining these promotional methods, Authentic Seal Notary Services ensures a comprehensive approach to attracting and retaining customers in Lakewood, WA. Our commitment to quality service and community engagement establishes us as a trusted provider of notary services.
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 Authentic Seal Notary Services, there are several key day-to-day operational processes that we will perform:
- Client Scheduling:
- Maintain an organized appointment calendar to manage client bookings effectively.
- Offer multiple channels for booking, such as phone, email, and online scheduling tools.
- Document Verification:
- Verify the authenticity of documents presented by clients using standard notary procedures.
- Ensure all necessary documents are complete before proceeding with notarization.
- Identity Verification:
- Confirm the identity of signers using acceptable forms of identification.
- Record the identification details in a secure log for future reference.
- Notarization Process:
- Complete the notarization process by witnessing signatures and affixing the notary seal.
- Ensure each notarization is compliant with state laws and regulations.
- Record Keeping:
- Maintain accurate and up-to-date records of all notarized documents.
- Store records securely to protect client confidentiality.
- Client Communication:
- Respond promptly to client inquiries and provide clear information about services offered.
- Follow up with clients to ensure satisfaction and address any issues.
- Compliance and Training:
- Stay informed about changes in notary laws and regulations.
- Participate in ongoing training and certification programs to enhance skills and knowledge.
- Financial Management:
- Handle billing and invoicing efficiently to ensure timely payment for services rendered.
- Track expenses and manage the budget to maintain financial health.
- Marketing and Business Development:
- Promote services through online and offline channels to attract new clients.
- Network with local businesses and community organizations to build relationships and grow the client base.
Milestones
Authentic Seal Notary Services expects to complete the following milestones in the coming months in order to ensure its success:
- Obtain Necessary Licenses and Certifications: Secure all required notary licenses and certifications from the state of Washington to legally operate.
- Secure Office Location: Find and lease a suitable office space in Lakewood, WA, that is accessible to clients and meets operational needs.
- Develop Online Presence: Create a professional website and establish a presence on social media platforms to attract and engage clients.
- Launch Our Notary Services: Officially open for business and begin offering notary services to the public.
- Build Client Relationships: Network with local businesses, real estate agents, and legal professionals to establish partnerships and gain referrals.
- Implement Customer Feedback System: Develop a system to gather and analyze customer feedback to continually improve service quality.
- Achieve $7,500/Month in Revenue: Reach an initial revenue target of $7,500 per month within the first 12 months of operation.
- Expand Service Offerings: Introduce additional services such as mobile notary services, loan signing services, and document preparation assistance.
- Hire and Train Staff: Recruit and train additional notaries and support staff to handle increased demand and ensure high-quality service.
- Reach $15,000/Month in Revenue: Achieve a sustainable revenue target of $15,000 per month within 24 months to ensure profitability and business growth.
VIII. Management Team
Our management team has the experience and expertise to successfully execute on our business plan.
Management Team Members
Authentic Seal Notary Services management team, which includes the following members, has the experience and expertise to successfully execute on our business plan:
Hazel Kelly, President
Hazel Kelly has a history of success and has successfully run a notary in the past. With years of experience in the notary industry, Hazel has developed a deep understanding of the nuances and requirements necessary for efficient and reliable notarial services. Her leadership skills, coupled with her proven track record, make her an invaluable asset in steering Authentic Seal Notary Services towards sustainable growth and excellence. Hazel’s commitment to customer satisfaction and operational excellence ensures that the company consistently meets the highest standards of service.
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 | $1,731,317 | $1,874,723 | $2,030,006 | $2,198,152 | $2,380,226 |
| Direct Expenses | $489,075 | $513,991 | $540,176 | $567,696 | $596,617 |
| Gross Profit | $1,242,242 | $1,360,731 | $1,489,830 | $1,630,456 | $1,783,608 |
| Gross Profit (%) | 71.8% | 72.6% | 73.4% | 74.2% | 74.9% |
| Other Expenses | $97,085 | $100,030 | $103,065 | $106,192 | $109,414 |
| EBITDA | $1,145,157 | $1,260,701 | $1,386,764 | $1,524,263 | $1,674,193 |
| Depreciation | $6,100 | $6,100 | $6,100 | $6,100 | $6,100 |
| Amortization | $0 | $0 | $0 | $0 | $0 |
| Interest Expense | $9,200 | $9,200 | $9,200 | $9,200 | $9,200 |
| Income Tax Expense | $395,450 | $435,890 | $480,012 | $528,137 | $580,612 |
| Net Income | $734,407 | $809,510 | $891,451 | $980,826 | $1,078,281 |
Funding Requirements/Use of Funds
To accomplish our growth goals, Authentic Seal Notary Services needs $92,000 in funding. Key uses of this funding will be as follows:
| Capital Investments | |
|---|---|
| Location Buildout | $20,000 |
| Furniture | $5,000 |
| Equipment | $2,000 |
| Machines | $1,000 |
| Computers and Software | $2,500 |
| Non Capital Investments | |
|---|---|
| Working Capital | $20,000 |
| Initial Rent/Lease (3 months) | $4,500 |
| Staff Salaries (First 3 Months) | $30,000 |
| Initial Marketing and Advertising | $5,000 |
| Supplies | $1,000 |
| Insurance | $1,000 |
Financial Projections
5 Year Annual Income Statement
| FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
|---|---|---|---|---|---|---|
| Revenues | ||||||
| Revenues | $1,731,317 | $1,874,723 | $2,030,006 | $2,198,152 | $2,380,226 | |
| Total Revenues | $1,731,317 | $1,874,723 | $2,030,006 | $2,198,152 | $2,380,226 | |
| Direct Costs | ||||||
| Direct Costs | $489,075 | $513,991 | $540,176 | $567,696 | $596,617 | |
| Total Direct Costs | $489,075 | $513,991 | $540,176 | $567,696 | $596,617 | |
| GROSS PROFIT | $1,242,242 | $1,360,731 | $1,489,830 | $1,630,456 | $1,783,608 | |
| GROSS PROFIT % | 71.8% | 72.6% | 73.4% | 74.2% | 74.9% | |
| 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 | $1,145,157 | $1,260,701 | $1,386,764 | $1,524,263 | $1,674,193 | |
| Depreciation | $6,100 | $6,100 | $6,100 | $6,100 | $6,100 | |
| Amortization | $0 | $0 | $0 | $0 | $0 | |
| EBIT | $1,139,057 | $1,254,601 | $1,380,664 | $1,518,163 | $1,668,093 | |
| Interest Expense | $9,200 | $9,200 | $9,200 | $9,200 | $9,200 | |
| PRETAX INCOME | $1,129,857 | $1,245,401 | $1,371,464 | $1,508,963 | $1,658,893 | |
| Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
| Use of Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
| Taxable Income | $1,129,857 | $1,245,401 | $1,371,464 | $1,508,963 | $1,658,893 | |
| Income Tax Expense | $395,450 | $435,890 | $480,012 | $528,137 | $580,612 | |
| NET INCOME | $734,407 | $809,510 | $891,451 | $980,826 | $1,078,281 | |
| Net Profit Margin (%) | 42.4% | 43.2% | 43.9% | 44.6% | 45.3% |
5 Year Annual Balance Sheet
| FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Cash | $703,097 | $1,508,762 | $2,395,463 | $3,375,074 | $4,354,961 | |
| Other Current Assets | $148,610 | $160,919 | $174,248 | $183,179 | $198,352 | |
| Total Current Assets | $851,707 | $1,669,681 | $2,569,712 | $3,558,253 | $4,553,313 | |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | |
| Acc Amortization | $0 | $0 | $0 | $0 | $0 | |
| Net Intangibles | $0 | $0 | $0 | $0 | $0 | |
| Fixed Assets | $30,500 | $30,500 | $30,500 | $30,500 | $30,500 | |
| Accum Depreciation | $6,100 | $12,200 | $18,300 | $24,400 | $30,500 | |
| Net fixed assets | $24,400 | $18,300 | $12,200 | $6,100 | $0 | |
| Preliminary Exp | $0 | $0 | $0 | $0 | $0 | |
| TOTAL ASSETS | $876,107 | $1,687,981 | $2,581,912 | $3,564,353 | $4,553,313 | |
| LIABILITIES & EQUITY | ||||||
| Current Liabilities | $49,700 | $52,063 | $54,542 | $56,157 | $58,836 | |
| Debt outstanding | $92,000 | $92,000 | $92,000 | $92,000 | $0 | |
| Total Liabilities | $141,700 | $144,063 | $146,542 | $148,157 | $58,836 | |
| Share Capital | $0 | $0 | $0 | $0 | $0 | |
| Retained earnings | $734,407 | $1,543,917 | $2,435,369 | $3,416,196 | $4,494,477 | |
| Total Equity | $734,407 | $1,543,917 | $2,435,369 | $3,416,196 | $4,494,477 | |
| TOTAL LIABILITIES & EQUITY | $876,107 | $1,687,981 | $2,581,912 | $3,564,353 | $4,553,313 |
5 Year Annual Cash Flow Statement
| FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
|---|---|---|---|---|---|---|
| CASH FLOW FROM OPERATIONS | ||||||
| Net Income (Loss) | $734,407 | $809,510 | $891,451 | $980,826 | $1,078,281 | |
| Change in Working Capital | ($98,909) | ($9,945) | ($10,850) | ($7,315) | ($12,494) | |
| Plus Depreciation | $6,100 | $6,100 | $6,100 | $6,100 | $6,100 | |
| Plus Amortization | $0 | $0 | $0 | $0 | $0 | |
| Net Cash Flow from Operations | $641,597 | $805,664 | $886,701 | $979,610 | $1,071,886 | |
| CASH FLOW FROM INVESTMENTS | ||||||
| Fixed Assets | ($30,500) | $0 | $0 | $0 | $0 | |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | |
| Net Cash Flow from Investments | ($30,500) | $0 | $0 | $0 | $0 | |
| CASH FLOW FROM FINANCING | ||||||
| Cash from Equity | $0 | $0 | $0 | $0 | $0 | |
| Cash from Debt financing | $92,000 | $0 | $0 | $0 | ($92,000) | |
| Net Cash Flow from Financing | $92,000 | $0 | $0 | $0 | ($92,000) | |
| Net Cash Flow | $703,097 | $805,664 | $886,701 | $979,610 | $979,886 | |
| Cash at Beginning of Period | $0 | $703,097 | $1,508,762 | $2,395,463 | $3,375,074 | |
| $703,097 | $1,508,762 | $2,395,463 | $3,375,074 | $4,354,961 |