Lawn Care Business Plan
Below is our lawn care business plan template and sample plan created using our ai business plan generator.
I. Executive Summary
Company Overview
TurfElite Lawn Services is a pioneering lawn care provider based in Bismarck, ND, committed to delivering unparalleled lawn care solutions to the local community. Founded with a mission to address the noticeable lack of high-quality lawn maintenance services in the area, we aim to redefine standards through our comprehensive offerings. These include lawn fertilization, weed control, pest management, soil amendment, and seasonal care kits, all designed to ensure the health and beauty of your lawns year-round. Since our inception on January 6, 2024, as a C Corporation, we have made remarkable progress by securing an ideal location, developing a strong brand identity, and laying a solid foundation to become Bismarck’s leading lawn care service.
Success Factors
Our success is rooted in a combination of our industry expertise, commitment to excellence, and a customer-centric approach that prioritizes minimal effort for maximum impact. The experience gained from operating a successful lawn care business previously has equipped us with invaluable insights, enabling us to offer superior services that are tailored to the specific needs of each lawn. Our achievements to date, including the establishment of a recognizable brand identity and securing a strategic operational location, are just the beginning. As we move forward, our focus remains on providing exceptional service quality, flexibility, and eco-friendly solutions to set us apart from our competitors and meet the growing demands of the Bismarck community.
Industry Analysis
The Lawn Care industry in the United States is a vibrant sector valued at $99 billion in 2021, with projections suggesting growth to $113 billion by 2025. This growth is fueled by an aging demographic preferring to outsource lawn care, busier lifestyles, and an increasing awareness of the benefits associated with professional lawn services. Additionally, trends towards environmentally-friendly practices and the integration of technology for service efficiency present unique opportunities for TurfElite Lawn Services. By embracing these trends, we position ourselves to meet the rising demand for professional and sustainable lawn care in Bismarck, ND, and distinguish ourselves within the growing market.
Customer Analysis
Our target customers are residents of Bismarck, ND, who value a well-maintained exterior and have medium to large-sized lawns but may lack the time or expertise to care for them properly. We also aim to serve residential communities, homeowner associations, rental property owners, and commercial businesses seeking reliable, high-quality lawn maintenance. Our comprehensive services are designed to meet the needs of these diverse groups, providing everything from mowing and fertilization to seasonal clean-ups. By addressing the specific requirements of each customer segment with tailored solutions, we ensure satisfaction and foster long-term relationships.
Competitive Analysis
TurfElite Lawn Services distinguishes itself in a competitive landscape that includes CityScapes Landscaping, Lawntech Outdoor Services, and Donkey Dynamics, each offering a range of lawn care services in Bismarck, ND. Our edge lies in delivering personalized care, leveraging state-of-the-art equipment, and adopting sustainable practices to provide superior lawn care solutions. Our commitment to service excellence, competitive pricing, and flexible scheduling, combined with our eco-friendly approach, positions us as the preferred choice for customers seeking the best in lawn care. We focus on building strong customer relationships and delivering quality that exceeds expectations, setting us apart from our competitors.
Marketing Plan
At TurfElite Lawn Services, our comprehensive range of services, including lawn mowing, fertilization, aeration, weed control, and pest management, is designed to ensure optimal lawn health and aesthetics. Pricing is competitive, reflecting the quality and range of our offerings. To promote our services, we will utilize a mix of online and traditional marketing strategies. Our online presence will be bolstered by an SEO-optimized website, engaging social media content, targeted ads, and email marketing campaigns. Locally, we will deploy flyers, participate in community events, and engage in cross-promotional partnerships. A referral program will further drive word-of-mouth recommendations, ensuring that TurfElite Lawn Services becomes the go-to provider in Bismarck, ND.
Operations Plan
Our operational blueprint encompasses a range of daily activities essential for delivering exceptional lawn care services. These include maintaining a detailed customer appointment schedule, performing routine lawn care tasks, managing inventory, and ensuring equipment maintenance. Key milestones in the near term involve finalizing our service offerings, acquiring necessary equipment, securing permits, and launching a targeted marketing campaign to attract our initial customer base. By focusing on efficient operations, customer satisfaction, and continuous improvement, TurfElite Lawn Services aims to establish a strong market presence and achieve our goal of $15,000 in monthly revenue.
Management Team
Leading TurfElite Lawn Services is CEO Kayden Cox, whose extensive experience and successful track record in the lawn care industry form the backbone of our strategic direction. Kayden’s expertise in business development, customer service, and operational management is pivotal to our growth and success. Under his guidance, TurfElite is well-positioned to meet the evolving needs of our customers, adapt to market trends, and drive innovation in lawn care services. The collective experience and dedication of our management team ensure that TurfElite Lawn Services will excel in the competitive Bismarck market.
Financial Plan
To realize our growth ambitions, TurfElite Lawn Services requires an initial investment of $120,000. This funding will be allocated across various critical areas, including capital investments for equipment and location setup, as well as operational expenses such as staff salaries, marketing, and initial working capital. These investments will enable us to establish a solid foundation, optimize our service delivery, and position ourselves for sustainable growth and profitability in the lawn care 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 | $1,978,649 | $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 | $11,400 | $11,400 | $11,400 | $11,400 | $11,400 |
Amortization | $0 | $0 | $0 | $0 | $0 |
Interest Expense | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 |
Income Tax Expense | $376,475 | $418,853 | $465,240 | $515,993 | $571,499 |
Net Income | $699,168 | $777,870 | $864,018 | $958,274 | $1,061,356 |
II. Company Overview
TurfElite Lawn Services is a fresh and dynamic Lawn Care service catering to the residents of Bismarck, ND. As a local lawn care provider, we’ve identified a significant gap in the market for high-quality lawn care services. Our mission is clear: to fill this gap by offering superior lawn care solutions that our community can rely on. Recognizing the lack of exceptional local lawn care options, we are here to raise the bar and set a new standard for lawn maintenance in Bismarck.
Our offerings at TurfElite Lawn Services are comprehensive, designed to meet all your lawn care needs. We provide a range of products including lawn fertilization, weed control, pest management, soil amendment products, and seasonal lawn care kits. Each of these products plays a crucial role in ensuring the health and beauty of your lawn throughout the year. Based in Bismarck, ND, we are perfectly positioned to serve customers right here in our community, delivering personalized and effective lawn care solutions.
What sets TurfElite Lawn Services apart is our foundation of expertise and our commitment to excellence. Our founder brings valuable experience from running a successful lawn care business, equipping us with the insights and knowledge necessary to excel in this industry. Moreover, our approach to lawn care is focused on providing superior services that make it easy for our clients to maintain beautiful and healthy lawns. By prioritizing minimal effort for maximum impact, we ensure that your outdoor spaces remain well-cared for and visually stunning, surpassing what our competitors can offer.
Since our establishment on January 6, 2024, as a C Corporation, we’ve made significant strides in laying the groundwork for our business. Our achievements include the creation of a visually appealing and recognizable logo, the development of a unique and memorable company name, and securing an ideal location for our operations. These accomplishments mark just the beginning of our journey, as we continue to build TurfElite Lawn Services into a leading name in lawn care in Bismarck, ND.
III. Industry Analysis
The Lawn Care industry in the United States is a robust and growing market, with an estimated size of $99 billion in 2021. This industry includes a wide range of services such as lawn mowing, landscaping, weed control, and pest management. With an increasing focus on outdoor living spaces and curb appeal, the demand for professional lawn care services is expected to continue to rise in the coming years.
Market research projects a steady growth rate for the Lawn Care industry, with an expected market size of $113 billion by 2025. This growth is driven by factors such as an aging population that prefers to outsource lawn maintenance, busy lifestyles that leave homeowners with less time for yard work, and a growing awareness of the benefits of professional lawn care services. With increasing disposable income and a growing housing market, the demand for quality lawn care services is expected to remain strong.
Recent trends in the Lawn Care industry, such as the shift towards environmentally-friendly practices and the use of technology for efficient service delivery, bode well for TurfElite Lawn Services. As a new player in the Bismarck, ND market, TurfElite can leverage these trends to differentiate itself and attract environmentally-conscious customers. By offering sustainable lawn care solutions and utilizing technology for seamless customer experience, TurfElite can position itself as a leader in the local market and capitalize on the growing demand for professional lawn care services.
IV. Customer Analysis
Below is a description of our target customers and their core needs.
Target Customers
We will target local residents who take pride in maintaining their home exteriors, particularly homeowners with medium to large-sized lawns. These customers will appreciate our comprehensive lawn care services, which include mowing, fertilizing, weed control, and seasonal clean-ups. We will also focus on homeowners who lack the time or expertise to manage their lawns effectively but desire a professionally maintained landscape.
In addition to individual homeowners, we will target residential communities and homeowner associations (HOAs) that require consistent and reliable lawn maintenance services. These groups will benefit from our tailored packages that ensure all properties within the community are uniformly well-kept. We will establish contracts with these associations to provide ongoing services on a scheduled basis.
Another key customer segment will be rental property owners and property management companies who need to maintain curb appeal to attract and retain tenants. By providing regular lawn care, we will help these customers enhance the value and appearance of their properties. We will offer flexible service plans to accommodate the varying needs of multiple rental units.
We will also target commercial businesses and office parks that require aesthetically pleasing and well-maintained grounds to create a positive impression on clients and visitors. Our services will include tailored solutions for large green spaces, entryways, and common areas. By ensuring pristine outdoor environments, we will help businesses project a professional image and enhance employee satisfaction.
Customer Needs
Customers expect high-quality lawn care services that ensure both the health and aesthetic appeal of their lawns. They need a reliable service that provides routine maintenance, including mowing, fertilization, and pest control, to keep their lawns in top condition. Homeowners and businesses alike also desire expert advice on lawn care best practices and solutions tailored to their unique needs.
In addition to routine maintenance, customers have a need for specialized services such as aeration, overseeding, and seasonal clean-ups. These services help to address specific lawn issues and enhance the overall health of the grass. Convenience is a key requirement, with customers looking for flexible scheduling and hassle-free service delivery.
Safety and environmental responsibility are also important to customers, who expect the use of eco-friendly products and methods. They need assurance that the lawn care services provided are not only effective but also safe for their families, pets, and the environment. Clear communication and responsive customer service are essential to meet their expectations and build trust.
V. Competitive Analysis
Direct Competitors
TurfElite Lawn Services’s competitors include the following companies:
CityScapes Landscaping
CityScapes Landscaping offers a range of services including lawn maintenance, landscape design, snow removal, and irrigation system installation. Their price points vary, with basic lawn care starting at $40 per visit. Their annual revenues are estimated to be around $1.5 million.
They are located primarily in Bismarck, ND, but also serve surrounding areas. Their customer segments include residential homeowners, commercial properties, and municipal contracts. They are known for their comprehensive service offerings and quality customer service. Key strengths include a wide range of services and strong local presence. Weaknesses include higher price points and limited marketing efforts.
Lawntech Outdoor Services
Lawntech Outdoor Services provides lawn care, fertilization, pest control, and seasonal clean-ups. Their services are competitively priced, with lawn care packages starting at $30 per visit. Their annual revenues are around $900,000.
They operate in Bismarck, ND, and extend their services to nearby towns. Their main customer segments are residential clients and small businesses. They are appreciated for their reliability and affordable pricing. Key strengths include competitive pricing and a loyal customer base. Weaknesses are limited high-end landscaping services and a smaller operational team.
Donkey Dynamics
Donkey Dynamics specializes in eco-friendly lawn care, organic fertilization, and sustainable landscaping solutions. They offer premium services with prices starting at $50 per visit. Their estimated annual revenues are $1.2 million.
Based in Bismarck, ND, they also serve eco-conscious customers in the surrounding regions. Their customer segments include environmentally conscious homeowners and businesses. They are known for their sustainable practices and innovative solutions. Key strengths include a strong focus on sustainability and niche market appeal. Weaknesses are higher costs and limited service options for conventional lawn care.
Competitive Advantages
At TurfElite Lawn Services, we provide superior services that help our clients maintain beautiful, healthy lawns with minimal effort on their part. Our team of expert landscapers uses state-of-the-art equipment and sustainable practices to ensure that outdoor spaces are not only well-cared for but also visually appealing. Compared to our competition, we focus on personalized care and attention to detail, which means that each lawn receives a customized treatment plan tailored to its specific needs. This approach guarantees optimal growth and health, setting us apart in terms of quality and client satisfaction.
In addition to our exceptional service quality, we offer competitive pricing and flexible scheduling options to accommodate the busy lifestyles of our clients. We understand the importance of reliability and punctuality, which is why we prioritize timely service delivery without compromising on excellence. Our customer-centric approach ensures that clients can communicate their needs and preferences easily, making the entire process seamless and stress-free. Moreover, our commitment to eco-friendly solutions not only benefits the environment but also results in healthier and more resilient lawns. By combining expertise, innovation, and a client-focused mindset, TurfElite Lawn Services stands out as the premier choice for lawn care in our area.
VI. Marketing Plan
Our marketing plan, included below, details our products/services, pricing and promotions plan.
Products, Services & Pricing
TurfElite Lawn Services offers a comprehensive range of products and services to meet the diverse needs of homeowners and businesses. These services are designed to ensure that lawns remain healthy, beautiful, and well-maintained throughout the year.
One of the primary services provided is lawn mowing, which ensures that grass is kept at an optimal height for both aesthetics and health. The average cost for lawn mowing is approximately $40 per visit, depending on the size of the lawn.
Lawn fertilization is another essential service. This involves applying the right type and amount of fertilizer to promote healthy growth and lush green grass. The average price for a single application of lawn fertilization is around $60.
Aeration services are also available, which involve perforating the soil to allow air, water, and nutrients to penetrate the grass roots. This helps the roots grow deeply and produce a stronger, more vigorous lawn. The average cost for aeration is about $75 per session.
Weed control is a crucial service that helps to eliminate unwanted plants that can compete with the grass for nutrients and water. The average price for a weed control treatment is $50 per application.
Lastly, TurfElite Lawn Services offers pest control services to protect lawns from insects and other pests that can cause significant damage. The average cost for pest control treatments is approximately $70 per visit.
Promotions Plan
To attract customers, we at TurfElite Lawn Services will employ a range of effective promotional methods and tactics. A key component of our strategy will involve online marketing. We will establish a strong online presence through a well-designed, SEO-optimized website that highlights our services, customer testimonials, and contact information. Additionally, our website will feature a blog offering valuable lawn care tips, positioning us as experts in the field.
We will also leverage social media platforms like Facebook, Instagram, and Twitter to engage with our audience. Regular posts featuring before-and-after photos of lawns, seasonal tips, and customer testimonials will help build trust and credibility. We will also run targeted ads on these platforms to reach potential customers in the Bismarck area.
Email marketing will be another crucial tool in our promotional arsenal. We will collect email addresses through our website and social media channels, offering incentives like free lawn care guides or discounts. Our email campaigns will keep customers informed about seasonal services, special promotions, and useful lawn care advice.
Local SEO will be critical in ensuring that when residents of Bismarck search for lawn care services, we appear at the top of search results. We will list our business on local directories such as Google My Business, Yelp, and Angie’s List, ensuring that our contact information, service hours, and customer reviews are readily available.
In addition to online methods, we will utilize traditional promotional tactics to reach a broader audience. We will distribute flyers and door hangers in neighborhoods with potential customers, highlighting our services and special offers. Partnering with local businesses and community organizations for cross-promotional opportunities will also help us build brand recognition.
We will also participate in local events and sponsorships to increase our visibility in the community. By sponsoring local sports teams, participating in community fairs, and hosting lawn care workshops, we will establish ourselves as a committed and involved member of the Bismarck community.
Customer referrals will be encouraged through a referral program, offering discounts or free services to customers who refer new clients to us. This incentivizes word-of-mouth marketing, which is often one of the most effective forms of promotion.
By employing a comprehensive mix of online and traditional promotional methods, we expect to effectively attract and retain customers, establishing TurfElite Lawn Services as the go-to lawn care provider in Bismarck, ND.
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 TurfElite Lawn Services, there are several key day-to-day operational processes that we will perform:
- Maintain and manage a detailed schedule of customer appointments to ensure timely service delivery.
- Perform routine lawn care services such as mowing, trimming, edging, and aeration based on customer needs.
- Conduct soil testing and analysis to recommend appropriate fertilization and treatment plans.
- Apply fertilizers, pesticides, and herbicides as needed, adhering to safety standards and environmental regulations.
- Regularly inspect and maintain lawn care equipment to ensure optimal performance and safety.
- Communicate with customers to address any questions, concerns, or additional service requests promptly.
- Manage inventory of supplies, including seeds, fertilizers, and chemicals, to ensure they are adequately stocked.
- Handle billing and payment processing efficiently to maintain positive cash flow and customer satisfaction.
- Update and maintain accurate records of services provided, customer feedback, and payment status.
- Implement marketing strategies, such as social media updates and local advertising, to attract and retain customers.
- Train and supervise staff to ensure high-quality service and adherence to company standards.
- Monitor weather conditions to adjust schedules and service plans accordingly.
- Engage in continuous improvement by seeking customer feedback and integrating new lawn care techniques and products.
Milestones
TurfElite Lawn Services expects to complete the following milestones in the coming months in order to ensure its success:
- Finalize Service Offerings: Define and finalize the range of services TurfElite will offer, including lawn mowing, fertilization, weed control, pest control, and seasonal clean-up.
- Acquire Necessary Equipment: Purchase or lease high-quality lawn care equipment and tools necessary to deliver the services efficiently.
- Obtain Permits and Licenses: Secure all required licenses and permits for operating a lawn care business in Bismarck, ND, to ensure legal compliance.
- Launch Our Lawn Care Services: Officially launch TurfElite Lawn Services with an initial marketing push to attract early customers and generate initial revenue.
- Build a Reliable Team: Hire and train a skilled team of lawn care professionals to ensure high-quality service delivery and customer satisfaction.
- Establish Supplier Relationships: Develop strong relationships with suppliers for lawn care products, ensuring consistent and cost-effective supply.
- Implement Customer Relationship Management (CRM) System: Adopt a CRM system to manage customer interactions, schedule services, and track customer preferences.
- Reach $15,000/Month in Revenue: Achieve a consistent monthly revenue of $15,000 by expanding the customer base and optimizing service delivery.
- Customer Feedback and Improvement: Regularly collect and analyze customer feedback to make necessary improvements in service quality and customer satisfaction.
- Solidify Brand Presence: Enhance the TurfElite brand through continuous marketing efforts, including online presence, local advertising, and community engagement.
VIII. Management Team
Our management team has the experience and expertise to successfully execute on our business plan.
Management Team Members
TurfElite Lawn Services management team, which includes the following members, has the experience and expertise to successfully execute on our business plan:
Kayden Cox, CEO
Kayden Cox has a distinguished history of success in the lawn care industry. With a proven track record of running a successful lawn care business in the past, Kayden brings a wealth of experience and strategic insight to TurfElite Lawn Services. His deep understanding of the industry dynamics, customer preferences, and operational efficiencies positions him perfectly to lead the company towards sustainable growth and innovation.
Under Kayden’s leadership, TurfElite Lawn Services is poised to leverage his expertise in business development, customer satisfaction, and operational excellence. His vision for the company focuses on providing high-quality lawn care services while continuously improving and adapting to market trends. Kayden’s strategic mindset and hands-on experience ensure that TurfElite Lawn Services will thrive in a competitive market.
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 | $11,400 | $11,400 | $11,400 | $11,400 | $11,400 |
Amortization | $0 | $0 | $0 | $0 | $0 |
Interest Expense | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 |
Income Tax Expense | $376,475 | $418,853 | $465,240 | $515,993 | $571,499 |
Net Income | $699,168 | $777,870 | $864,018 | $958,274 | $1,061,356 |
Funding Requirements/Use of Funds
To accomplish our growth goals, TurfElite Lawn Services needs $120,000 in funding. Key uses of this funding will be as follows:
Capital Investments | |
---|---|
Location Buildout | $20,000 |
Furniture | $5,000 |
Equipment and Machines | $30,000 |
Computers and Software | $2,000 |
Non Capital Investments | |
---|---|
Working Capital | $20,000 |
Initial Rent/Lease | $3,000 |
Staff Salaries (First 3 Months) | $30,000 |
Initial Marketing and Advertising | $5,000 |
Supplies | $2,000 |
Insurance | $3,000 |
Financial Projections
5 Year Annual Income Statement
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
Revenues | ||||||
Revenues | $1,978,649 | $2,142,540 | $2,320,007 | $2,512,174 | $2,720,258 | |
Total Revenues | $1,978,649 | $2,142,540 | $2,320,007 | $2,512,174 | $2,720,258 | |
Direct Costs | ||||||
Direct Costs | $782,520 | $822,386 | $864,282 | $908,314 | $954,588 | |
Total Direct Costs | $782,520 | $822,386 | $864,282 | $908,314 | $954,588 | |
GROSS PROFIT | $1,196,128 | $1,320,154 | $1,455,725 | $1,603,860 | $1,765,670 | |
GROSS PROFIT % | 60.5% | 61.6% | 62.7% | 63.8% | 64.9% | |
Other Expenses | ||||||
Salaries | $72,814 | $75,023 | $77,299 | $79,644 | $82,060 | |
Marketing Expenses | $6,067 | $6,251 | $6,441 | $6,637 | $6,838 | |
Rent/Utility Expenses | $6,067 | $6,251 | $6,441 | $6,637 | $6,838 | |
Other Expenses | $12,135 | $12,503 | $12,883 | $13,274 | $13,676 | |
Total Other Expenses | $97,085 | $100,030 | $103,065 | $106,192 | $109,414 | |
EBITDA | $1,099,043 | $1,220,123 | $1,352,659 | $1,497,667 | $1,656,255 | |
Depreciation | $11,400 | $11,400 | $11,400 | $11,400 | $11,400 | |
Amortization | $0 | $0 | $0 | $0 | $0 | |
EBIT | $1,087,643 | $1,208,723 | $1,341,259 | $1,486,267 | $1,644,855 | |
Interest Expense | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | |
PRETAX INCOME | $1,075,643 | $1,196,723 | $1,329,259 | $1,474,267 | $1,632,855 | |
Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
Use of Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
Taxable Income | $1,075,643 | $1,196,723 | $1,329,259 | $1,474,267 | $1,632,855 | |
Income Tax Expense | $376,475 | $418,853 | $465,240 | $515,993 | $571,499 | |
NET INCOME | $699,168 | $777,870 | $864,018 | $958,274 | $1,061,356 | |
Net Profit Margin (%) | 35.3% | 36.3% | 37.2% | 38.1% | 39% |
5 Year Annual Balance Sheet
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
ASSETS | ||||||
Cash | $678,339 | $1,457,174 | $2,321,172 | $3,283,125 | $4,222,666 | |
Other Current Assets | $169,840 | $183,907 | $199,141 | $209,347 | $226,688 | |
Total Current Assets | $848,179 | $1,641,082 | $2,520,313 | $3,492,473 | $4,449,354 | |
Intangible Assets | $0 | $0 | $0 | $0 | $0 | |
Acc Amortization | $0 | $0 | $0 | $0 | $0 | |
Net Intangibles | $0 | $0 | $0 | $0 | $0 | |
Fixed Assets | $57,000 | $57,000 | $57,000 | $57,000 | $57,000 | |
Accum Depreciation | $11,400 | $22,800 | $34,200 | $45,600 | $57,000 | |
Net fixed assets | $45,600 | $34,200 | $22,800 | $11,400 | $0 | |
Preliminary Exp | $0 | $0 | $0 | $0 | $0 | |
TOTAL ASSETS | $893,779 | $1,675,282 | $2,543,113 | $3,503,873 | $4,449,354 | |
LIABILITIES & EQUITY | ||||||
Current Liabilities | $74,611 | $78,243 | $82,056 | $84,542 | $88,666 | |
Debt outstanding | $120,000 | $120,000 | $120,000 | $120,000 | $0 | |
Total Liabilities | $194,611 | $198,243 | $202,056 | $204,542 | $88,666 | |
Share Capital | $0 | $0 | $0 | $0 | $0 | |
Retained earnings | $699,168 | $1,477,038 | $2,341,057 | $3,299,331 | $4,360,687 | |
Total Equity | $699,168 | $1,477,038 | $2,341,057 | $3,299,331 | $4,360,687 | |
TOTAL LIABILITIES & EQUITY | $893,779 | $1,675,282 | $2,543,113 | $3,503,873 | $4,449,354 |
5 Year Annual Cash Flow Statement
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
CASH FLOW FROM OPERATIONS | ||||||
Net Income (Loss) | $699,168 | $777,870 | $864,018 | $958,274 | $1,061,356 | |
Change in Working Capital | ($95,228) | ($10,435) | ($11,420) | ($7,721) | ($13,215) | |
Plus Depreciation | $11,400 | $11,400 | $11,400 | $11,400 | $11,400 | |
Plus Amortization | $0 | $0 | $0 | $0 | $0 | |
Net Cash Flow from Operations | $615,339 | $778,835 | $863,997 | $961,953 | $1,059,540 | |
CASH FLOW FROM INVESTMENTS | ||||||
Fixed Assets | ($57,000) | $0 | $0 | $0 | $0 | |
Intangible Assets | $0 | $0 | $0 | $0 | $0 | |
Net Cash Flow from Investments | ($57,000) | $0 | $0 | $0 | $0 | |
CASH FLOW FROM FINANCING | ||||||
Cash from Equity | $0 | $0 | $0 | $0 | $0 | |
Cash from Debt financing | $120,000 | $0 | $0 | $0 | ($120,000) | |
Net Cash Flow from Financing | $120,000 | $0 | $0 | $0 | ($120,000) | |
Net Cash Flow | $678,339 | $778,835 | $863,997 | $961,953 | $939,540 | |
Cash at Beginning of Period | $0 | $678,339 | $1,457,174 | $2,321,172 | $3,283,125 | |
$678,339 | $1,457,174 | $2,321,172 | $3,283,125 | $4,222,666 |