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Dog Grooming Business Plan Template

Written by Dave Lavinsky

Dog Grooming Business Plan Template
Table of Contents
Table of Contents

Dog Grooming Business Plan

Below is our dog grooming business plan template and sample plan created using what we consider the best free ai business plan generator.

I. Executive Summary

Company Overview

At GroomWag Services, we are pioneering a new standard for dog grooming in Fargo, ND. Recognizing a gap in high-quality grooming services within our community, we established our enterprise to offer comprehensive care for your canine companions. From essential bathing and shampooing to detailed haircuts, styling, nail trimming, and even dental care, our services are designed to ensure your dog’s well-being and style. Our facility, rooted in the heart of Fargo, is committed to providing a convenient, top-tier grooming experience, making us the go-to solution for local dog owners wanting the best for their pets.

Success Factors

Our confidence in becoming Fargo’s premier dog grooming service is backed by our founder’s extensive experience and our unwavering dedication to pet care. Since our inception on January 8, 2024, we’ve successfully established a strong brand identity, secured an ideal location, and laid a solid groundwork for our operations. Our comprehensive approach to grooming, prioritizing pets’ health, comfort, and style, alongside our state-of-the-art facility, sets us apart from the competition. We’re committed to fostering a safe, welcoming environment for our furry clients, ensuring their happiness and health above all.

Industry Analysis

The dog grooming industry in the U.S., valued at over $9 billion annually, is on an upward trajectory, thanks to the increasing number of pet owners who view their pets as family members and invest in high-quality grooming services. GroomWag Services is perfectly positioned to capitalize on this booming market, especially with trends favoring natural and organic products, personalized services, and mobile grooming options. Our alignment with these trends, combined with our commitment to excellence, places us at a competitive advantage in Fargo, ND, promising a bright future in meeting the growing demand for premium dog grooming services.

Customer Analysis

Our target market includes Fargo’s diverse community of dog owners, from busy professionals to families and elderly pet owners. We cater to a wide range of breeds and sizes, ensuring a personalized grooming experience for each dog. Our services are designed to appeal to those who value convenience without compromising on quality, including offering flexible scheduling and mobile grooming options. Additionally, by partnering with local pet rescue organizations and shelters, we aim to support our community’s efforts in caring for and rehoming pets, further solidifying our reputation as a caring and committed service provider.

Competitive Analysis

Our main competitors are South Bark, Natural Pet Center, and Ears to Rears Grooming, each offering a mix of grooming services and products. Despite their strengths, GroomWag Services distinguishes itself through a focus on personalized care, utilizing the latest techniques and high-quality products. Our experienced team and modern facility ensure a superior grooming experience, while our central location and flexible scheduling options provide unmatched convenience for pet owners in Fargo, ND. Our comprehensive and compassionate approach to pet grooming positions us as the preferred choice for discerning pet owners.

Marketing Plan

GroomWag Services’ marketing strategy revolves around offering a full suite of grooming services at competitive prices, from basic bathing and shampooing to specialized dental care. Our promotional efforts will leverage online marketing, social media engagement, and SEO to enhance our visibility and attract customers. Local advertising, referral programs, and partnerships with other businesses will further our reach within the Fargo community. We are committed to building a loyal customer base through exceptional service, special offers, and engaging content that resonates with pet owners, ensuring GroomWag Services becomes the go-to dog grooming destination in Fargo, ND.

Operations Plan

To achieve success, GroomWag Services will focus on efficient day-to-day operations, including a convenient online booking system, comprehensive grooming services, and strict safety protocols. Our commitment to maintaining a well-organized inventory, ongoing staff training, and exceptional customer service will support our operational excellence. Upcoming milestones include securing a prime location, obtaining necessary permits, and launching targeted marketing campaigns to establish our brand and attract customers. Our goal is to reach a consistent monthly revenue of $15,000 by delivering high-quality services and fostering strong customer relationships.

Management Team

Aubrey Rogers, our President, brings a wealth of experience and a proven track record from the pet grooming industry to GroomWag Services. Her leadership and strategic vision are instrumental in guiding our company towards achieving lasting success. Aubrey’s passion for pets and her expertise in business management will ensure we deliver on our promise of excellence in dog grooming services, setting us apart as leaders in the Fargo, ND market.

Financial Plan

To achieve our growth objectives, GroomWag Services requires an initial investment of $82,000. This funding will be allocated towards capital investments such as facility buildout and equipment, as well as operational expenses including staff salaries, marketing, and initial inventory. By securing this funding, we will establish a solid foundation for our business, enabling us to quickly become a leading dog grooming service in Fargo, ND, and achieve our financial goals.

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 $2,225,980 $2,410,358 $2,610,008 $2,826,196 $3,060,290
Direct Expenses $917,016 $963,733 $1,012,831 $1,064,430 $1,118,658
Gross Profit $1,308,964 $1,446,624 $1,597,177 $1,761,765 $1,941,632
Gross Profit (%) 58.8% 60% 61.2% 62.3% 63.4%
Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $1,211,878 $1,346,593 $1,494,111 $1,655,573 $1,832,217
Depreciation $9,600 $9,600 $9,600 $9,600 $9,600
Amortization $0 $0 $0 $0 $0
Interest Expense $8,200 $8,200 $8,200 $8,200 $8,200
Income Tax Expense $417,927 $465,077 $516,709 $573,220 $635,046
Net Income $776,151 $863,716 $959,602 $1,064,552 $1,179,371

 

II. Company Overview

GroomWag Services is a pioneering Dog Grooming enterprise catering to the beloved canine residents of Fargo, ND. As a fresh face in the local dog grooming scene, we’ve noticed a gap in high-quality grooming services in the area and are here to fill it. Our establishment is rooted in the belief that every dog deserves to look and feel their best, without their owners having to go too far from home.

At GroomWag Services, our range of offerings is designed with your dog’s well-being in mind. From bathing and shampooing to ensure a clean, fresh coat, to haircuts and styling that cater to both your preferences and your pet’s comfort. We also provide meticulous nail trimming and grinding, ear cleaning and care, as well as teeth brushing and dental care services. Our goal is to be a one-stop solution for all your dog grooming needs in Fargo, ND, ensuring a happy, healthy, and stylish pet.

Located in the heart of Fargo, ND, GroomWag Services is ideally positioned to serve the local community and its canine members. Our commitment to excellence and convenience is what sets us apart. We understand the importance of having a reliable, high-quality dog grooming service right in your neighborhood, and we are dedicated to being just that.

Our confidence in GroomWag Services’ success stems from several key factors. Firstly, our founder brings invaluable experience from successfully managing a previous dog grooming establishment, ensuring a solid foundation and a deep understanding of the industry’s needs. Additionally, our focus on providing comprehensive services aimed at keeping dogs clean, healthy, and comfortable sets us apart from our competition. We don’t just groom; we care for your dogs as if they were our own.

Since our founding on January 8, 2024, GroomWag Services has made significant strides as a C Corporation. We’ve successfully created a brand identity with our distinctive logo and company name, and have secured an ideal location for our operations. These accomplishments reflect our commitment to establishing a solid presence in Fargo and our dedication to becoming the go-to dog grooming service in the area. As we continue to grow and serve our community, we look forward to welcoming your furry friends to GroomWag Services and giving them the pampering they deserve.

 

III. Industry Analysis

The dog grooming industry in the United States is a booming market, with an estimated size of over $9 billion annually. This figure includes revenue from grooming services, products, and accessories for dogs. The industry has been experiencing steady growth over the past few years, driven by the increasing number of pet owners who are willing to invest in grooming services for their furry companions.

Market research indicates that the dog grooming industry is expected to continue growing at a healthy rate in the coming years. This growth is fueled by several factors, including the rising trend of humanization of pets, where pets are considered as family members and are pampered with high-quality grooming services. As more pet owners prioritize the grooming and well-being of their dogs, the demand for professional grooming services is expected to increase, presenting a lucrative opportunity for businesses like GroomWag Services.

Recent trends in the dog grooming industry, such as the emphasis on natural and organic grooming products, personalized grooming services, and mobile grooming options, align well with the services offered by GroomWag Services. As a new dog grooming business serving customers in Fargo, ND, GroomWag is well-positioned to capitalize on these trends and cater to the growing demand for premium grooming services. By staying ahead of industry trends and providing exceptional services, GroomWag Services can establish a strong presence in the market and attract a loyal customer base.

 

IV. Customer Analysis

Below is a description of our target customers and their core needs.

Target Customers

We will target local residents in Fargo, ND, who own dogs and seek professional grooming services to maintain their pets’ health and appearance. Our services will cater to a wide range of dog breeds and sizes, ensuring that we address the diverse needs of the local pet-owning community. By offering convenient appointment scheduling and exceptional customer service, we will build a loyal customer base among local dog owners.

In addition to local residents, we will also focus on professionals and families with busy schedules who require a reliable and efficient grooming service. Our flexible hours and mobile grooming options will cater to this segment, ensuring that their pets receive top-notch grooming without disrupting their daily routines. We will emphasize convenience and quality to attract these time-conscious customers.

Furthermore, we will target elderly pet owners who may have difficulty handling grooming tasks on their own. By offering gentle and patient grooming services, we will provide a valuable solution for seniors who want to ensure their pets are well-groomed and healthy. Our compassionate approach will resonate with this demographic, fostering trust and long-term relationships.

We will also tailor our services to appeal to pet rescue organizations and shelters in the Fargo area. By providing discounted grooming services for rescued dogs, we will support these organizations in their mission to care for and rehome pets. This partnership will not only help the animals but also enhance our reputation as a community-minded business.

Customer Needs

Customers expect high-quality grooming services that keep their pets clean, healthy, and looking their best. They seek professionals who can handle their pets with care and expertise, ensuring that grooming is a positive experience for both the pet and the owner. The assurance of a safe and hygienic environment is crucial for pet owners who want to trust someone with their beloved animals.

Pet owners also value convenience and flexibility in scheduling appointments, as well as the availability of a range of services from basic grooming to specialized care. They desire transparency in pricing and clear communication about the services provided. Additionally, customers appreciate personalized care tailored to the specific needs and preferences of their pets.

Another significant need is the provision of grooming products that are safe and beneficial for pets’ health. Customers look for groomers who use high-quality, pet-friendly products to ensure the best care for their animals. Moreover, they prefer services that offer additional amenities such as pet daycare or boarding to support their busy lifestyles.

 

V. Competitive Analysis

Direct Competitors

GroomWag Services’s competitors include the following companies:

South Bark

South Bark offers a comprehensive range of grooming services including baths, haircuts, nail trimming, and ear cleaning. They also provide additional services like de-shedding treatments and flea baths. Price points range from $30 for basic grooming to $100 for full-service packages. South Bark generates an estimated annual revenue of $500,000. Their location is in the heart of Fargo, ND, making it easily accessible to local residents. The primary customer segments include pet owners who prioritize holistic and natural treatments.

They serve the Fargo-Moorhead metropolitan area. Key strengths include a strong reputation for natural and high-quality grooming products. However, their higher price points may deter budget-conscious customers. Additionally, their focus on natural products limits their service offerings to some extent.

Natural Pet Center

Natural Pet Center provides grooming services such as baths, haircuts, and nail trimming. They also sell a range of natural pet foods and supplements. Prices for grooming services range from $25 to $90 depending on the package. The company generates an estimated annual revenue of $750,000. Located in Fargo, ND, they cater to pet owners who are interested in holistic care for their pets. They primarily serve the Fargo and surrounding areas.

Key strengths include a diverse range of products and services under one roof. The center has a loyal customer base due to its focus on natural and organic products. One of their weaknesses is the limited availability of appointment slots due to high demand. Additionally, their focus on natural products can sometimes lead to higher prices.

Ears to Rears Grooming

Ears to Rears Grooming offers a variety of services including haircuts, baths, nail trims, and ear cleaning. They also provide specialized services like teeth cleaning and skin treatments. Prices range from $20 for basic services to $85 for more comprehensive packages. The company generates an estimated annual revenue of $400,000. Located in Fargo, ND, they serve a broad customer segment that includes both budget-conscious and premium service seekers. Their primary geography is the Fargo area.

Key strengths include a wide range of services and competitive pricing. They are also known for their friendly and experienced staff. However, their location is less central compared to competitors, which can be a disadvantage. Additionally, their focus on a wide range of services may sometimes lead to inconsistencies in quality.

Competitive Advantages

At GroomWag Services, our primary competitive advantage lies in our commitment to ensuring that dogs remain clean, healthy, and comfortable. Our team of experienced groomers utilizes the latest techniques and highest quality products to provide a comprehensive grooming experience. We prioritize the well-being of each pet, offering personalized care tailored to the specific needs of every dog. This focus on individualized attention sets us apart from competitors who may take a more one-size-fits-all approach.

Additionally, our state-of-the-art facility is designed to create a stress-free environment for both pets and their owners. We employ advanced equipment and maintain stringent cleanliness standards to ensure a safe and hygienic grooming experience. Our convenient location in Fargo, ND, coupled with flexible scheduling options, makes it easy for pet owners to access our services. By combining expert care, a comfortable environment, and customer convenience, we provide a superior grooming experience that fosters the health and happiness of pets.

VI. Marketing Plan

Our marketing plan, included below, details our products/services, pricing and promotions plan.

Products, Services & Pricing

GroomWag Services offers a comprehensive range of dog grooming services designed to meet the varied needs of pet owners. At the heart of their offerings is Bathing and Shampooing, priced at an average of $30. This service includes a thorough wash using high-quality, pet-safe shampoos that ensure dogs are not only clean but also have a healthy, shiny coat. Customers can expect their pets to leave looking and feeling refreshed.

In addition to basic bathing, GroomWag Services provides Haircuts and Styling at an average price of $50. This service caters to different breeds and individual pet preferences, from simple trims to more elaborate styles. Skilled groomers work to achieve the desired look while ensuring the comfort and safety of the pets throughout the grooming process.

Nail Trimming and Grinding is another essential service offered, priced at around $15. Proper nail care is vital for a dog’s overall health and well-being, preventing issues such as overgrown nails and discomfort while walking. The service includes precise trimming and smoothing of the nails, ensuring they are at an appropriate length.

Ear Cleaning and Care, priced at approximately $20, addresses a commonly neglected aspect of pet hygiene. This service involves careful cleaning of the ears to remove dirt, wax, and other debris, helping to prevent infections and maintain ear health. The groomers use gentle, effective techniques to ensure the dogs are comfortable during the process.

Teeth Brushing and Dental Care is another key service, offered at an average price of $25. Dental hygiene is crucial for a dog’s overall health, and this service focuses on removing plaque and tartar buildup, promoting fresh breath, and preventing dental diseases. The team uses pet-safe dental products to ensure effective and gentle care.

Overall, GroomWag Services provides a full suite of grooming options that address all aspects of pet care, from basic hygiene to more specialized needs. By offering these services at competitive prices, they cater to the diverse requirements of pet owners looking to ensure their dogs are well-groomed and healthy.

Promotions Plan

To attract customers, we at GroomWag Services will employ a variety of promotional methods and tactics. One key strategy will be online marketing, leveraging social media platforms such as Facebook, Instagram, and Twitter to create engaging content and build a strong online presence. We will also utilize search engine optimization (SEO) to ensure our website ranks highly on search engines, making it easier for potential customers to find us when they search for dog grooming services in Fargo, ND.

Email marketing will be another crucial component of our promotional efforts. By collecting email addresses through our website and in-person interactions, we will send out regular newsletters featuring special offers, grooming tips, and updates about our services. This approach will help us maintain a direct line of communication with our customers and keep them engaged with our brand.

In addition to our online efforts, we will invest in local advertising to reach potential customers in the Fargo area. This will include placing ads in local newspapers, magazines, and on community bulletin boards. We will also explore opportunities for radio advertising and sponsorships of local events, which will help us increase our visibility and build a positive reputation within the community.

Referral programs will play a significant role in our promotional strategy. We will offer incentives, such as discounts or free services, to existing customers who refer new clients to us. This approach will not only help us attract new customers but also encourage customer loyalty and word-of-mouth marketing.

We will also leverage partnerships with other local businesses, such as pet stores, veterinary clinics, and dog trainers. By collaborating with these businesses, we will create mutually beneficial relationships that help us reach a broader audience and establish ourselves as a trusted provider of dog grooming services.

Additionally, we will participate in local events and pet fairs to showcase our services and connect with potential customers. By setting up booths and offering free grooming demonstrations or consultations, we will create opportunities for face-to-face interactions and build trust with our target audience.

Lastly, we will maintain a strong focus on customer satisfaction. By providing exceptional service and ensuring a positive experience for every customer, we will encourage positive reviews and testimonials. These reviews will be prominently featured on our website and social media profiles, further enhancing our credibility and attracting new customers.

Through this comprehensive promotional strategy, GroomWag Services will effectively attract and retain customers, establishing ourselves as the go-to dog grooming service in Fargo, ND.

 

VII. Operations Plan

Our Operations Plan details:

  1. The key day-to-day processes that our business performs to serve our customers
  2. The key business milestones that our company expects to accomplish as we grow

 

Key Operational Processes

To ensure the success of GroomWag Services, there are several key day-to-day operational processes that we will perform:

  • Customer Scheduling and Appointments:
    • Maintain an online booking system for customer convenience.
    • Offer phone and in-person booking options.
    • Send appointment reminders via email or text.
  • Grooming Services:
    • Conduct thorough initial consultations to understand customer preferences and dog needs.
    • Provide a range of grooming services including bathing, haircuts, nail trimming, and ear cleaning.
    • Ensure all grooming tools and equipment are sterilized and maintained.
  • Pet Safety and Comfort:
    • Implement strict safety protocols to ensure the well-being of the dogs.
    • Provide a comfortable and stress-free environment for pets.
    • Monitor pets closely for any signs of distress or health issues.
  • Inventory Management:
    • Keep track of grooming supplies and order replacements as necessary.
    • Maintain an organized storage area for all products and tools.
  • Staff Training and Development:
    • Provide ongoing training for staff on grooming techniques and customer service.
    • Encourage staff to attend workshops and obtain certifications.
  • Customer Service:
    • Address customer inquiries and concerns promptly.
    • Gather feedback from customers to continuously improve services.
  • Marketing and Promotion:
    • Utilize social media platforms to engage with customers and promote services.
    • Offer special promotions and discounts to attract new clients.
    • Develop partnerships with local pet stores and veterinarians.
  • Financial Management:
    • Track daily income and expenses to ensure profitability.
    • Maintain accurate financial records for tax purposes.
    • Develop a budget and monitor financial performance.
  • Compliance and Licensing:
    • Ensure all business operations comply with local regulations and licensing requirements.
    • Stay updated on industry standards and best practices.

Milestones

GroomWag Services expects to complete the following milestones in the coming months in order to ensure its success:

  • Securing a Prime Location: Identify and lease a high-traffic, pet-friendly area in Fargo, ND to ensure visibility and accessibility for customers.
  • Obtaining Necessary Permits and Licenses: Acquire all required local and state permits and licenses to legally operate a dog grooming business.
  • Setting Up the Facility: Renovate and equip the grooming facility with state-of-the-art grooming stations, pet-friendly waiting areas, and necessary safety measures.
  • Hiring and Training Staff: Recruit qualified groomers and support staff, and provide comprehensive training to ensure high-quality service and customer satisfaction.
  • Launching Our Dog Grooming Services: Officially open the business with a grand opening event to attract initial customers and generate buzz.
  • Implementing a Marketing Strategy: Launch targeted marketing campaigns, including social media, local advertising, and partnerships with nearby pet stores and veterinarians to build brand awareness.
  • Building a Loyal Customer Base: Focus on customer retention strategies, such as loyalty programs and excellent customer service, to encourage repeat business.
  • Achieving Revenue Milestone: Reach a consistent monthly revenue of $15,000 by offering high-quality services and maintaining strong customer relationships.
  • Expanding Service Offerings: Introduce additional services such as pet sitting, dog walking, or specialty grooming to increase revenue streams and attract a broader customer base.

 

VIII. Management Team

Our management team has the experience and expertise to successfully execute on our business plan.

Management Team Members

GroomWag Services management team, which includes the following members, has the experience and expertise to successfully execute on our business plan:

Aubrey Rogers, President

Aubrey Rogers has a history of success and has successfully run a dog grooming business in the past. With a proven track record in the pet grooming industry, Aubrey brings a wealth of experience and strategic insight to GroomWag Services. Her ability to lead and grow businesses, combined with her passion for pets, positions her perfectly to steer the company 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 $2,225,980 $2,410,358 $2,610,008 $2,826,196 $3,060,290
Direct Expenses $917,016 $963,733 $1,012,831 $1,064,430 $1,118,658
Gross Profit $1,308,964 $1,446,624 $1,597,177 $1,761,765 $1,941,632
Gross Profit (%) 58.8% 60% 61.2% 62.3% 63.4%
Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $1,211,878 $1,346,593 $1,494,111 $1,655,573 $1,832,217
Depreciation $9,600 $9,600 $9,600 $9,600 $9,600
Amortization $0 $0 $0 $0 $0
Interest Expense $8,200 $8,200 $8,200 $8,200 $8,200
Income Tax Expense $417,927 $465,077 $516,709 $573,220 $635,046
Net Income $776,151 $863,716 $959,602 $1,064,552 $1,179,371

Funding Requirements/Use of Funds

To accomplish our growth goals, GroomWag Services needs $82,000 in funding. Key uses of this funding will be as follows:

Capital Investments
Buildings/Location Buildout $30,000
Furniture $5,000
Equipment $10,000
Machines $2,000
Computers and Software $1,000
Non Capital Investments
Working Capital $10,000
Initial Rent/Lease $3,000
Staff Salaries for the First 3 Months $15,000
Initial Marketing and Advertising $2,000
Supplies $2,000
Insurance $2,000

Financial Projections

financial projection dog grooming business plan

5 Year Annual Income Statement

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues
Revenues $2,225,980 $2,410,358 $2,610,008 $2,826,196 $3,060,290
Total Revenues $2,225,980 $2,410,358 $2,610,008 $2,826,196 $3,060,290
Direct Costs
Direct Costs $917,016 $963,733 $1,012,831 $1,064,430 $1,118,658
Total Direct Costs $917,016 $963,733 $1,012,831 $1,064,430 $1,118,658
GROSS PROFIT $1,308,964 $1,446,624 $1,597,177 $1,761,765 $1,941,632
GROSS PROFIT % 58.8% 60% 61.2% 62.3% 63.4%
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 $1,211,878 $1,346,593 $1,494,111 $1,655,573 $1,832,217
Depreciation $9,600 $9,600 $9,600 $9,600 $9,600
Amortization $0 $0 $0 $0 $0
EBIT $1,202,278 $1,336,993 $1,484,511 $1,645,973 $1,822,617
Interest Expense $8,200 $8,200 $8,200 $8,200 $8,200
PRETAX INCOME $1,194,078 $1,328,793 $1,476,311 $1,637,773 $1,814,417
Net Operating Loss $0 $0 $0 $0 $0
Use of Net Operating Loss $0 $0 $0 $0 $0
Taxable Income $1,194,078 $1,328,793 $1,476,311 $1,637,773 $1,814,417
Income Tax Expense $417,927 $465,077 $516,709 $573,220 $635,046
NET INCOME $776,151 $863,716 $959,602 $1,064,552 $1,179,371
Net Profit Margin (%) 34.9% 35.8% 36.8% 37.7% 38.5%

5 Year Annual Balance Sheet

FY 1 FY 2 FY 3 FY 4 FY 5
ASSETS
Cash $714,710 $1,576,414 $2,532,903 $3,598,458 $4,690,709
Other Current Assets $191,070 $206,896 $224,033 $235,516 $255,024
Total Current Assets $905,780 $1,783,310 $2,756,936 $3,833,974 $4,945,733
Intangible Assets $0 $0 $0 $0 $0
Acc Amortization $0 $0 $0 $0 $0
Net Intangibles $0 $0 $0 $0 $0
Fixed Assets $48,000 $48,000 $48,000 $48,000 $48,000
Accum Depreciation $9,600 $19,200 $28,800 $38,400 $48,000
Net fixed assets $38,400 $28,800 $19,200 $9,600 $0
Preliminary Exp $0 $0 $0 $0 $0
TOTAL ASSETS $944,180 $1,812,110 $2,776,136 $3,843,574 $4,945,733
LIABILITIES & EQUITY
Current Liabilities $86,029 $90,243 $94,667 $97,551 $102,339
Debt outstanding $82,000 $82,000 $82,000 $82,000 $0
Total Liabilities $168,029 $172,243 $176,667 $179,551 $102,339
Share Capital $0 $0 $0 $0 $0
Retained earnings $776,151 $1,639,867 $2,599,469 $3,664,022 $4,843,394
Total Equity $776,151 $1,639,867 $2,599,469 $3,664,022 $4,843,394
TOTAL LIABILITIES & EQUITY $944,180 $1,812,110 $2,776,136 $3,843,574 $4,945,733

5 Year Annual Cash Flow Statement

FY 1 FY 2 FY 3 FY 4 FY 5
CASH FLOW FROM OPERATIONS
Net Income (Loss) $776,151 $863,716 $959,602 $1,064,552 $1,179,371
Change in Working Capital ($105,040) ($11,612) ($12,713) ($8,597) ($14,720)
Plus Depreciation $9,600 $9,600 $9,600 $9,600 $9,600
Plus Amortization $0 $0 $0 $0 $0
Net Cash Flow from Operations $680,710 $861,703 $956,489 $1,065,554 $1,174,251
CASH FLOW FROM INVESTMENTS
Fixed Assets ($48,000) $0 $0 $0 $0
Intangible Assets $0 $0 $0 $0 $0
Net Cash Flow from Investments ($48,000) $0 $0 $0 $0
CASH FLOW FROM FINANCING
Cash from Equity $0 $0 $0 $0 $0
Cash from Debt financing $82,000 $0 $0 $0 ($82,000)
Net Cash Flow from Financing $82,000 $0 $0 $0 ($82,000)
Net Cash Flow $714,710 $861,703 $956,489 $1,065,554 $1,092,251
Cash at Beginning of Period $0 $714,710 $1,576,414 $2,532,903 $3,598,458
$714,710 $1,576,414 $2,532,903 $3,598,458 $4,690,709

 

Dave Lavinsky
Over the past 25 years, Dave Lavinsky, Founder of PlanPros has helped over 1 million entrepreneurs develop business plans.
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