Resume Writing Business Plan
Below is our resume writing business plan template and sample plan created using our ai business plan generator.
I. Executive Summary
Company Overview
EliteCareer Resume Services is a burgeoning organization headquartered in La Mirada, CA, dedicated to empowering job seekers by providing top-tier resume writing services. Our mission is to enhance our clients’ chances of securing their dream jobs by crafting resumes that stand out in the competitive job market. Our team comprises experienced professionals passionate about delivering personalized services that cater to the unique needs of each client, whether they are entering the job market for the first time, aiming for career progression, or seeking to transition into new roles. We are committed to excellence and client satisfaction, making us a trusted partner in our clients’ career journeys.
Success Factors
Our success is driven by our commitment to personalized service, expertise in various industries, and a deep understanding of what makes a resume stand out. We have accomplished significant milestones, including developing a comprehensive portfolio of resume samples and testimonials, forming strategic partnerships with local educational institutions, and implementing a targeted marketing strategy. These accomplishments, coupled with our dedication to client satisfaction and continuous improvement, position us for sustained growth and success in the resume writing industry.
Industry Analysis
The resume writing services industry is experiencing growth, driven by increasing job market competitiveness and the evolving needs of job seekers. With the advent of digital platforms and the importance of personal branding, professionals are recognizing the value of having a professionally crafted resume. This industry trend underscores the demand for services like ours, especially in a dynamic job market where standing out is crucial. Our strategic location in La Mirada, CA, positions us to tap into a diverse client base, from recent graduates to senior executives, further supporting our growth trajectory in this expanding industry.
Customer Analysis
Our primary customer base includes local residents of La Mirada, CA, ranging from recent graduates to professionals seeking career advancement and individuals transitioning into new industries. We understand the importance of tailoring our services to meet the specific needs of each segment, ensuring their resumes effectively capture the attention of potential employers. Additionally, we cater to small and medium-sized businesses looking for outplacement services or professional development for their employees. By focusing on customized, high-impact resumes, we aim to accelerate our clients’ career progression and support local businesses in their development efforts.
Competitive Analysis
While the resume writing market is competitive, EliteCareer Resume Services distinguishes itself through personalized service, industry expertise, and a commitment to client satisfaction. Our top competitors include local and national resume writing firms that offer similar services. However, our competitive advantage lies in our ability to provide tailored services that meet the unique needs of each client, our strategic partnerships with educational institutions, and our targeted marketing strategy that enhances our visibility in the local market.
Marketing Plan
Our marketing strategy focuses on highlighting our comprehensive range of resume writing services, including cover letter writing, LinkedIn profile optimization, and career coaching. We aim to attract clients through competitive pricing and by showcasing our expertise across various industries. Our promotional efforts include targeted digital marketing campaigns, leveraging SEO, social media, and local advertising to increase our online presence and drive traffic to our website. Additionally, we plan to implement a referral program to encourage satisfied clients to refer others, further expanding our reach and client base.
Operations Plan
Key operational processes include launching our business, developing a portfolio of work, building strategic partnerships, and implementing targeted marketing strategies. We aim to achieve significant milestones such as establishing a referral program, expanding our service offerings, and optimizing operational efficiency to handle a larger volume of clients. Our goal is to reach $15,000/month in revenue by increasing client volume, upselling additional services, and regularly adjusting our pricing strategy to reflect the value we offer.
Management Team
Our management team is comprised of experienced professionals with diverse backgrounds in human resources, marketing, and career coaching. This diversity ensures a comprehensive understanding of the job market and the ability to deliver exceptional services tailored to our clients’ needs. Our team’s expertise and dedication are foundational to our strategy, enabling us to navigate the competitive landscape successfully and achieve our business objectives.
Financial Plan
To reach our growth goals, we require funding to cover operational costs, marketing initiatives, and the expansion of our service offerings. This investment will enable us to build on our current successes, increase our market share, and ultimately achieve our revenue targets. Our financial plan is designed to ensure we utilize resources efficiently, maximizing return on investment while maintaining the highest quality of service for our clients.
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 | $4,328,294 | $4,686,808 | $5,075,017 | $5,495,381 | $5,950,565 |
Direct Expenses | $2,078,569 | $2,184,463 | $2,295,751 | $2,412,709 | $2,535,625 |
Gross Profit | $2,249,725 | $2,502,345 | $2,779,266 | $3,082,672 | $3,414,939 |
Gross Profit (%) | 52% | 53.4% | 54.8% | 56.1% | 57.4% |
Other Expenses | $97,085 | $100,030 | $103,065 | $106,192 | $109,414 |
EBITDA | $2,152,639 | $2,402,314 | $2,676,200 | $2,976,480 | $3,305,525 |
Depreciation | $9,200 | $9,200 | $9,200 | $9,200 | $9,200 |
Amortization | $0 | $0 | $0 | $0 | $0 |
Interest Expense | $9,850 | $9,850 | $9,850 | $9,850 | $9,850 |
Income Tax Expense | $746,756 | $834,142 | $930,002 | $1,035,100 | $1,150,266 |
Net Income | $1,386,833 | $1,549,121 | $1,727,147 | $1,922,329 | $2,136,209 |
II. Company Overview
EliteCareer Resume Services is a fresh and dynamic Resume Writing service catering to clients in La Mirada, CA. As a local resume writing business, we’ve identified a gap in the market for high-quality resume services, and we’re here to fill that void. Understanding the local job landscape allows us to tailor our services uniquely for our clients, ensuring they stand out in the job market.
Our offerings are designed to cover every aspect of your career advancement needs. From crafting compelling resumes that highlight your skills and experiences, to writing personalized cover letters that speak to your individuality. We also specialize in optimizing LinkedIn profiles to make sure you’re seen by the right people in your industry. But our services don’t stop there; we provide career coaching and consultation to navigate the complexities of career growth, alongside job search assistance to help you land your next opportunity efficiently.
Located in the heart of La Mirada, CA, EliteCareer Resume Services is strategically positioned to serve our community with unparalleled dedication. Our local presence means we’re readily available to meet our clients’ needs, providing personalized services that online-only firms can’t match.
We are poised for success for several reasons. Our founder brings invaluable experience from a previously successful resume writing venture, ensuring we have the expertise to deliver top-notch services. Furthermore, our commitment to providing comprehensive job search assistance and a wider array of resume services sets us apart from the competition, making us a one-stop shop for all career-related needs.
Since our inception on January 6, 2024, as an S Corporation, we’ve hit significant milestones that mark our journey towards becoming a leading name in resume services. We’ve developed a unique company name and logo that resonates with our mission and values, and we’ve secured an ideal location that enables us to connect with our clients in a meaningful way. These accomplishments are just the beginning of our story, and we’re excited for what the future holds.
III. Industry Analysis
The Resume Writing industry in the United States is currently estimated to be worth around $1 billion. With an increasing number of job seekers looking to stand out in a competitive market, the demand for professional resume writing services is on the rise. This has created a lucrative market for companies like EliteCareer Resume Services to capitalize on.
Market research projects a steady growth rate of 4% annually for the Resume Writing industry in the United States. This growth is attributed to the growing importance of a well-crafted resume in securing job opportunities. As more individuals recognize the value of professional resume writing services, the market is expected to continue expanding. EliteCareer Resume Services is well-positioned to benefit from this trend with its high-quality services and competitive prices.
Recent trends in the Resume Writing industry indicate a shift towards personalized and tailored resume services. Job seekers are increasingly seeking customized resumes that highlight their unique skills and experiences. EliteCareer Resume Services, with its focus on providing individualized resume writing solutions, is in a prime position to cater to this growing demand. By staying ahead of industry trends and offering top-notch services, EliteCareer Resume Services is poised for success in the competitive La Mirada, CA market.
IV. Customer Analysis
Below is a description of our target customers and their core needs.
Target Customers
EliteCareer Resume Services will target local residents in La Mirada, CA who are actively seeking employment or looking to advance their careers. This primary customer segment includes recent graduates entering the job market for the first time, professionals aiming for career progression, and individuals looking to transition into new industries or roles. We will tailor our services to meet the unique needs of each client, ensuring their resumes stand out in a competitive job market.
We will also cater to the needs of senior executives and individuals with specialized professions seeking high-impact resumes that highlight their achievements and expertise. Our approach will focus on creating customized, compelling resumes that effectively capture the attention of hiring managers and recruiters in various industries. This strategy is designed to assist our clients in securing interviews for coveted positions, thereby accelerating their career advancement.
In addition to serving individual clients, EliteCareer Resume Services will target small and medium-sized businesses in La Mirada, CA looking to outsource resume writing services for their employees. This will include companies undergoing restructuring processes, offering outplacement services to their staff, or those aiming to enhance their team’s professional development. By extending our services to this segment, we will provide valuable support to local businesses, ensuring their employees possess well-crafted resumes that reflect their skills and contributions to the company.
Customer Needs
EliteCareer Resume Services meets the critical need for high-quality job search assistance among residents who are actively seeking employment or career advancement. Customers can expect personalized and professional support tailored to their specific career goals. This service ensures that each client’s unique skills and experiences are effectively showcased to potential employers, significantly improving their chances of securing job interviews.
In today’s competitive job market, having a standout resume is more important than ever. EliteCareer Resume Services understands this and provides expert guidance on crafting resumes that capture the attention of hiring managers. Clients can also rely on receiving up-to-date advice on current job market trends and employer expectations, which are crucial for making informed career decisions.
Moreover, EliteCareer Resume Services extends its offerings beyond resume writing to include cover letter creation and LinkedIn profile optimization. This comprehensive approach addresses the multifaceted nature of job hunting, ensuring clients have a strong online presence and compelling application materials. By fulfilling these essential needs, EliteCareer Resume Services positions its clients for successful career transitions and growth.
V. Competitive Analysis
Direct Competitors
EliteCareer Resume Services’s competitors include the following companies:
AAA McKinstry Resume Service offers a comprehensive range of services including resume writing, cover letters, career counseling, and job interview preparation. Their price points vary depending on the complexity of the service, but they generally cater to mid-level and executive professionals. AAA McKinstry generates revenue through their tiered service offerings, appealing to a broad customer base by customizing solutions according to individual career needs. They are based in Southern California and have a strong local presence, but also serve clients nationwide through their online services. Their key strength lies in their extensive experience and personalized approach, boasting over 60 years in the business. However, their weakness may be perceived in their pricing, which can be higher than some of their competitors, potentially alienating entry-level job seekers.
Resume and Cover Letter Help specializes in affordable resume writing and cover letter services. Their products are geared towards entry-level and mid-career professionals, offering a flat rate for their services. This simplicity in pricing and a focus on quick turnaround times are significant aspects of their revenue model. This company operates primarily online, serving clients across the United States. Their key strength is their affordability and efficiency, making them attractive to recent graduates and those looking to quickly jumpstart their job search. A potential weakness is their less customized approach, which might not meet the needs of those with complex career histories or seeking executive positions.
Sean’s Resume Shop is another competitor, known for its individualized and consultative approach to resume writing and career coaching. They offer packages that include resume writing, LinkedIn profile optimization, and interview coaching, with prices varying based on the level of service and expertise required. Their revenue comes from these personalized service packages, targeting professionals and executives. Located in a major metropolitan area, Sean’s Resume Shop serves customers both locally and nationally, capitalizing on its urban setting to attract a diverse clientele. The key strength of Sean’s Resume Shop is its personalized service and the high level of expertise provided by its founder, Sean. A potential weakness is the reliance on a single individual’s bandwidth, which might limit scalability and the number of clients they can serve at any given time.
Competitive Advantages
At EliteCareer Resume Services, we stand out in the competitive landscape through our unparalleled job search assistance and comprehensive range of resume writing services. Our team understands the intricacies of the job market and leverages this expertise to provide our clients with personalized strategies that significantly enhance their employment prospects. Unlike our competitors, our approach is not one-size-fits-all; we tailor our support to meet the unique needs of each client, ensuring they can navigate the job search process with confidence and ease. This bespoke service, combined with our deep understanding of what employers are looking for, positions our clients at a significant advantage.
Furthermore, our array of resume writing services sets us apart from the competition. We recognize that a standout resume is a key to making a great first impression. Therefore, we offer a variety of specialized services, including entry-level, professional, and executive resume writing, as well as industry-specific resumes. Our team comprises experienced writers who are adept at crafting resumes that highlight our clients’ strengths and achievements in the most compelling way. By staying abreast of the latest trends in resume writing and employer expectations, we ensure our clients’ resumes are not just noticed but remembered. This comprehensive approach and dedication to excellence are what make us the go-to choice for individuals aiming to accelerate their career path.
VI. Marketing Plan
Our marketing plan, included below, details our products/services, pricing and promotions plan.
Products, Services & Pricing
EliteCareer Resume Services offers a comprehensive suite of services designed to enhance the job-seeking process for its clients. With a focus on quality and client satisfaction, the range of services provided caters to various needs, from crafting a compelling resume to navigating the job market effectively.
The cornerstone of EliteCareer Resume Services is its Resume Writing and Editing service. This offering is meticulously designed to articulate the client’s professional experience, skills, and achievements in a manner that is both engaging and impactful to potential employers. Clients can expect to invest an average of $200 for a professionally written resume that stands out in the competitive job market.
Complementing the resume services, Cover Letter Writing is another critical offering. Understanding that a cover letter is often the first impression a job seeker makes on an employer, EliteCareer crafts personalized cover letters that highlight the unique value and capabilities of each client. This service is priced at an average of $100, ensuring clients can present a cohesive and compelling narrative alongside their resumes.
LinkedIn Profile Optimization is an essential service in today’s digital age, where networking and online presence play a significant role in job hunting. EliteCareer offers this service to enhance and optimize clients’ LinkedIn profiles, making them more attractive to recruiters and potential employers. Clients can expect to pay an average of $150 for a service that covers everything from crafting a professional headline to optimizing the summary and experience sections.
Career Coaching and Consultation is tailored for individuals seeking guidance and strategies to navigate their career paths effectively. EliteCareer provides personalized coaching sessions that cover various aspects of career development, including goal setting, interview preparation, and salary negotiation techniques. This service is available for an average price of $250, offering clients valuable insights and tools to advance their careers.
Finally, Job Search Assistance is a service designed to support clients in identifying and securing suitable job opportunities. From developing job search strategies to leveraging industry-specific job boards, EliteCareer assists clients throughout the job search process. This comprehensive service is offered at an average price of $200, helping clients to streamline their job search and increase their chances of success.
Overall, EliteCareer Resume Services provides a full spectrum of career-related services, each priced to offer value while ensuring clients can present themselves as exceptional candidates in their job search endeavors. With a focus on personalized service and client success, EliteCareer is poised to be a valuable partner for job seekers in navigating their career journeys.
Promotions Plan
At EliteCareer Resume Services, we understand the importance of standing out in a competitive job market, and our promotional strategy reflects our commitment to reaching clients who seek unparalleled support in crafting their resumes. To attract a broad spectrum of clients in La Mirada, CA, and beyond, we will employ a multifaceted promotional approach, focusing heavily on online marketing while incorporating additional methods to ensure comprehensive market penetration.
Online marketing will serve as the cornerstone of our promotional efforts. We will leverage the power of social media platforms such as LinkedIn, Facebook, and Twitter to engage with potential clients. Through these channels, we will share success stories, resume tips, and industry insights to establish our brand as a thought leader in the resume writing space. Moreover, targeted advertising campaigns will enable us to reach individuals actively seeking career advancement opportunities, ensuring our services are visible to those in need.
In addition to social media, we will develop a robust content marketing strategy. Our blog will feature articles on career development, interview preparation, and networking strategies, all designed to drive traffic to our website while providing valuable information to job seekers. This content will be optimized for search engines to improve our visibility online and attract organic traffic.
Email marketing will also play a vital role in our promotional activities. By building a mailing list of interested prospects and clients, we will send out regular newsletters that highlight our services, offer resume writing tips, and share client testimonials. This direct form of communication will keep our brand top-of-mind and encourage repeat business and referrals.
Beyond online marketing, we will engage in networking within local business communities and professional groups in La Mirada, CA. Participating in job fairs, career workshops, and industry meetups will allow us to connect directly with potential clients and establish partnerships with other businesses that can refer clients to our services.
Referral programs will further augment our promotional strategy. We will incentivize our satisfied clients to refer friends and colleagues to our services, creating a word-of-mouth effect that will expand our client base organically. This approach not only rewards our loyal customers but also leverages their networks to reach potential clients.
Finally, strategic partnerships with local universities, colleges, and career centers will enable us to offer our services to students and alumni, a demographic that often requires professional assistance with resume writing as they enter the job market.
In conclusion, EliteCareer Resume Services will utilize a comprehensive promotional strategy that combines the far-reaching capabilities of online marketing with the personal touch of local engagement and strategic partnerships. By doing so, we expect to not only attract clients in La Mirada, CA, but also build a reputation as a trusted leader in resume writing 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 EliteCareer Resume Services, there are several key day-to-day operational processes that we will perform.
- Client Consultation: Conduct initial consultations with new clients to understand their career goals, work history, skills, and other relevant information. This can include phone calls, video conferences, or in-person meetings.
- Resume Writing and Editing: Write, review, and edit resumes based on the information gathered during consultations. Ensure each resume is tailored to the client’s career goals and optimizes their chances of success in the job market.
- Cover Letter Development: Offer services to create personalized cover letters that complement the resume and enhance the client’s application.
- Feedback Incorporation: Provide drafts to clients and incorporate their feedback to ensure the final product meets or exceeds their expectations.
- Market Research: Continuously research job market trends, hiring practices, and industry-specific requirements to keep our services current and effective.
- Professional Development: Attend workshops, seminars, and training sessions to improve writing skills, understand new resume formats, and stay updated on industry standards.
- Customer Service: Manage communications with clients, including follow-ups, answering queries, and providing post-delivery support for any additional modifications or advice.
- Marketing and Promotion: Execute marketing strategies to attract new clients. This can include social media marketing, content creation, networking events, and referral programs.
- Quality Control: Review all documents for quality assurance before final delivery to ensure they meet the company’s standards and client’s needs.
- Invoicing and Payment Processing: Manage the invoicing, payment collection, and financial record-keeping to ensure timely payments and accurate financial tracking.
- Website and Online Presence Management: Regularly update the company website, blog, and social media profiles to engage with potential clients, showcase success stories, and provide valuable career advice.
Milestones
EliteCareer Resume Services expects to complete the following milestones in the coming months in order to ensure its success:
- Launch our resume writing business: Officially start operations by setting up the necessary business structure, such as forming an LLC, and launching a professional website that outlines our services, pricing, and offers an easy way for clients to get started.
- Develop a comprehensive portfolio: Create a diverse portfolio of resume samples and testimonials from initial clients to establish credibility and showcase our expertise in various industries.
- Build strategic partnerships: Form partnerships with local colleges, universities, and career centers in La Mirada, CA, to offer services to students and alumni, providing a steady stream of potential clients.
- Implement a targeted marketing strategy: Launch targeted digital marketing campaigns focusing on SEO, social media, and local advertising to increase visibility in the La Mirada area and drive traffic to our website.
- Establish a referral program: Create a referral program that incentivizes satisfied clients to refer friends and colleagues to our services, helping to organically grow our customer base.
- Expand service offerings: Beyond individual resume writing, expand offerings to include cover letter writing, LinkedIn profile optimization, and career coaching services to increase average transaction size and client value.
- Optimize operational processes: Streamline client onboarding, document handling, and follow-up processes to increase efficiency and client satisfaction, enabling the handling of a larger volume of clients without sacrificing quality.
- Monitor and adjust pricing strategy: Regularly review and adjust pricing based on market demand, competitor pricing, and our value proposition to ensure competitiveness and profitability.
- Get to $15,000/month in revenue: Achieve this financial milestone through a combination of increasing client volume, upselling additional services, and possibly adjusting pricing strategies to reflect the value and expertise we offer.
VIII. Management Team
Our management team has the experience and expertise to successfully execute on our business plan.
Management Team Members
EliteCareer Resume Services management team, which includes the following members, has the experience and expertise to successfully execute on our business plan:
Jacob Mendoza, CEO
Jacob Mendoza brings a wealth of expertise and a proven track record to his role as CEO of EliteCareer Resume Services. With a history of success in the resume writing industry, Jacob has demonstrated his ability to lead and grow a successful business from the ground up. His previous experience running a resume writing business has equipped him with the necessary skills in strategic planning, operations management, and customer service excellence. Jacob’s leadership is characterized by his innovative approach to business strategy and his commitment to delivering high-quality services. His vision for EliteCareer Resume Services is to provide unparalleled resume writing and career coaching services that empower clients to achieve their career goals. Jacob’s deep understanding of the job market and his ability to anticipate industry trends make him uniquely qualified to lead EliteCareer Resume Services towards lasting 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 | $4,328,294 | $4,686,808 | $5,075,017 | $5,495,381 | $5,950,565 |
Direct Expenses | $2,078,569 | $2,184,463 | $2,295,751 | $2,412,709 | $2,535,625 |
Gross Profit | $2,249,725 | $2,502,345 | $2,779,266 | $3,082,672 | $3,414,939 |
Gross Profit (%) | 52% | 53.4% | 54.8% | 56.1% | 57.4% |
Other Expenses | $97,085 | $100,030 | $103,065 | $106,192 | $109,414 |
EBITDA | $2,152,639 | $2,402,314 | $2,676,200 | $2,976,480 | $3,305,525 |
Depreciation | $9,200 | $9,200 | $9,200 | $9,200 | $9,200 |
Amortization | $0 | $0 | $0 | $0 | $0 |
Interest Expense | $9,850 | $9,850 | $9,850 | $9,850 | $9,850 |
Income Tax Expense | $746,756 | $834,142 | $930,002 | $1,035,100 | $1,150,266 |
Net Income | $1,386,833 | $1,549,121 | $1,727,147 | $1,922,329 | $2,136,209 |
Funding Requirements/Use of Funds
To accomplish our growth goals, EliteCareer Resume Services needs $98,500 in funding. Key uses of this funding will be as follows:
Capital Investments | |
---|---|
Location Buildout | $30,000 |
Furniture | $5,000 |
Computers and Software | $8,000 |
Office Equipment | $3,000 |
Non Capital Investments | |
---|---|
Working Capital | $10,000 |
Initial Rent/Lease (3 months) | $6,000 |
Staff Salaries (First 3 Months) | $30,000 |
Marketing and Advertising (Initial) | $5,000 |
Supplies | $500 |
Insurance | $1,000 |
Financial Projections
5 Year Annual Income Statement
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
Revenues | ||||||
Revenues | $4,328,294 | $4,686,808 | $5,075,017 | $5,495,381 | $5,950,565 | |
Total Revenues | $4,328,294 | $4,686,808 | $5,075,017 | $5,495,381 | $5,950,565 | |
Direct Costs | ||||||
Direct Costs | $2,078,569 | $2,184,463 | $2,295,751 | $2,412,709 | $2,535,625 | |
Total Direct Costs | $2,078,569 | $2,184,463 | $2,295,751 | $2,412,709 | $2,535,625 | |
GROSS PROFIT | $2,249,725 | $2,502,345 | $2,779,266 | $3,082,672 | $3,414,939 | |
GROSS PROFIT % | 52% | 53.4% | 54.8% | 56.1% | 57.4% | |
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 | $2,152,639 | $2,402,314 | $2,676,200 | $2,976,480 | $3,305,525 | |
Depreciation | $9,200 | $9,200 | $9,200 | $9,200 | $9,200 | |
Amortization | $0 | $0 | $0 | $0 | $0 | |
EBIT | $2,143,439 | $2,393,114 | $2,667,000 | $2,967,280 | $3,296,325 | |
Interest Expense | $9,850 | $9,850 | $9,850 | $9,850 | $9,850 | |
PRETAX INCOME | $2,133,589 | $2,383,264 | $2,657,150 | $2,957,430 | $3,286,475 | |
Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
Use of Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
Taxable Income | $2,133,589 | $2,383,264 | $2,657,150 | $2,957,430 | $3,286,475 | |
Income Tax Expense | $746,756 | $834,142 | $930,002 | $1,035,100 | $1,150,266 | |
NET INCOME | $1,386,833 | $1,549,121 | $1,727,147 | $1,922,329 | $2,136,209 | |
Net Profit Margin (%) | 32% | 33.1% | 34% | 35% | 35.9% |
5 Year Annual Balance Sheet
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
ASSETS | ||||||
Cash | $1,261,644 | $2,798,430 | $4,511,159 | $6,426,692 | $8,446,180 | |
Other Current Assets | $371,525 | $402,298 | $435,621 | $457,948 | $495,880 | |
Total Current Assets | $1,633,169 | $3,200,729 | $4,946,780 | $6,884,640 | $8,942,061 | |
Intangible Assets | $0 | $0 | $0 | $0 | $0 | |
Acc Amortization | $0 | $0 | $0 | $0 | $0 | |
Net Intangibles | $0 | $0 | $0 | $0 | $0 | |
Fixed Assets | $46,000 | $46,000 | $46,000 | $46,000 | $46,000 | |
Accum Depreciation | $9,200 | $18,400 | $27,600 | $36,800 | $46,000 | |
Net fixed assets | $36,800 | $27,600 | $18,400 | $9,200 | $0 | |
Preliminary Exp | $0 | $0 | $0 | $0 | $0 | |
TOTAL ASSETS | $1,669,969 | $3,228,329 | $4,965,180 | $6,893,840 | $8,942,061 | |
LIABILITIES & EQUITY | ||||||
Current Liabilities | $184,636 | $193,874 | $203,577 | $209,908 | $220,419 | |
Debt outstanding | $98,500 | $98,500 | $98,500 | $98,500 | $0 | |
Total Liabilities | $283,136 | $292,374 | $302,077 | $308,408 | $220,419 | |
Share Capital | $0 | $0 | $0 | $0 | $0 | |
Retained earnings | $1,386,833 | $2,935,955 | $4,663,102 | $6,585,432 | $8,721,641 | |
Total Equity | $1,386,833 | $2,935,955 | $4,663,102 | $6,585,432 | $8,721,641 | |
TOTAL LIABILITIES & EQUITY | $1,669,969 | $3,228,329 | $4,965,180 | $6,893,840 | $8,942,061 |
5 Year Annual Cash Flow Statement
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
CASH FLOW FROM OPERATIONS | ||||||
Net Income (Loss) | $1,386,833 | $1,549,121 | $1,727,147 | $1,922,329 | $2,136,209 | |
Change in Working Capital | ($186,888) | ($21,535) | ($23,619) | ($15,996) | ($27,420) | |
Plus Depreciation | $9,200 | $9,200 | $9,200 | $9,200 | $9,200 | |
Plus Amortization | $0 | $0 | $0 | $0 | $0 | |
Net Cash Flow from Operations | $1,209,144 | $1,536,786 | $1,712,728 | $1,915,533 | $2,117,988 | |
CASH FLOW FROM INVESTMENTS | ||||||
Fixed Assets | ($46,000) | $0 | $0 | $0 | $0 | |
Intangible Assets | $0 | $0 | $0 | $0 | $0 | |
Net Cash Flow from Investments | ($46,000) | $0 | $0 | $0 | $0 | |
CASH FLOW FROM FINANCING | ||||||
Cash from Equity | $0 | $0 | $0 | $0 | $0 | |
Cash from Debt financing | $98,500 | $0 | $0 | $0 | ($98,500) | |
Net Cash Flow from Financing | $98,500 | $0 | $0 | $0 | ($98,500) | |
Net Cash Flow | $1,261,644 | $1,536,786 | $1,712,728 | $1,915,533 | $2,019,488 | |
Cash at Beginning of Period | $0 | $1,261,644 | $2,798,430 | $4,511,159 | $6,426,692 | |
$1,261,644 | $2,798,430 | $4,511,159 | $6,426,692 | $8,446,180 |