Laundry Delivery Service Business Plan
Below is our laundry delivery service business plan template and sample plan created using our ai business plan generator.
I. Executive Summary
Company Overview
At FreshPress Delivery, we are dedicated to revolutionizing the laundry industry in Pasco, WA, by offering a convenient, reliable, and affordable laundry delivery service. Our business model focuses on providing exceptional laundry care tailored to the needs of our busy customers. Located in the heart of Pasco, we leverage our strategic position to serve a wide range of clients, including busy professionals, families, and students, who value their time and seek a hassle-free solution to their laundry needs. Our commitment to customer satisfaction, combined with our passion for innovation, positions us as a leading service provider in the local laundry delivery market.
Success Factors
Our success is driven by our deep understanding of our customers’ needs, our commitment to leveraging cutting-edge technology, and our dedication to providing exceptional service. To date, we have successfully established a strong brand presence in Pasco, WA, thanks to our user-friendly online platform, which offers convenience and efficiency to our customers. Our ability to secure key partnerships with local businesses has further enhanced our service offering, making us the go-to laundry delivery service in the area. These accomplishments are a testament to our team’s hard work and our unwavering focus on customer satisfaction.
Industry Analysis
The laundry service industry is experiencing a significant transformation, driven by technological advancements and changing consumer behaviors. The increasing demand for convenience, coupled with the rise of the gig economy, has created new opportunities for businesses like ours. In Pasco, WA, the market is ripe for the introduction of innovative laundry solutions that cater to the needs of time-constrained customers. Our research indicates a growing trend towards outsourcing household chores, such as laundry, which positions FreshPress Delivery favorably within the market. By staying abreast of industry trends and continuously adapting our services, we are well-placed to capitalize on the evolving market dynamics.
Customer Analysis
Our target customers are busy professionals, families, and students in Pasco, WA, who value their time and seek convenience for their laundry needs. These customers are looking for reliable and high-quality laundry services that can fit seamlessly into their hectic schedules. Our market research indicates that our customer base values the flexibility and ease of use that our online platform provides, allowing them to schedule pickups and deliveries around their commitments. By understanding our customers’ lifestyles and preferences, we are able to tailor our services to meet their specific needs, fostering loyalty and ensuring high levels of customer satisfaction.
Competitive Analysis
Top Competitors:
- Local Laundromats: Offering traditional, self-service laundry options.
- Other Laundry Delivery Services: Providing similar pickup and delivery services but with varying levels of service and price points.
Competitive Advantages:
Our competitive edge lies in our user-friendly online platform, which simplifies the process of scheduling laundry services, and our commitment to customer satisfaction. Unlike traditional laundromats, we offer a convenient pickup and delivery service tailored to the busy lifestyles of our customers in Pasco, WA. Additionally, our services are priced competitively, ensuring that we provide value for money while maintaining high-quality service standards.
Marketing Plan
We have developed a comprehensive marketing strategy that focuses on both online and offline channels to reach our target audience effectively. Our product offering includes a convenient and reliable laundry pickup and delivery service, competitively priced to offer great value to our customers. We emphasize the ease of use and time-saving benefits of our service, appealing directly to the needs of our target market segments in Pasco, WA.
Our promotional efforts are centered around online marketing through social media platforms and targeted ads, complemented by email marketing campaigns to engage existing customers and attract new ones. Direct mail campaigns, community engagement, referral programs, and loyalty schemes form key components of our strategy to build brand awareness and foster a strong, loyal customer base. These efforts are designed to highlight the unique benefits of FreshPress Delivery, positioning us as the premier choice for laundry services in the local market.
Operations Plan
Our key operational processes involve the seamless collection, cleaning, and delivery of laundry, ensuring a high-quality service for our customers. We have established efficient logistics and operations systems to manage the end-to-end process effectively. Milestones to be accomplished include expanding our service coverage area within Pasco, WA, implementing advanced technology for better customer interaction, and continuously improving our operational efficiencies. These steps are crucial for scaling our business and maintaining the high level of service our customers expect from FreshPress Delivery.
Management Team
Our management team comprises individuals with extensive experience in the laundry service industry, business management, and technology. This blend of skills ensures that FreshPress Delivery operates efficiently, stays ahead of industry trends, and delivers exceptional customer service. Our team’s expertise is a key asset in driving the growth of our business and achieving our strategic goals.
Financial Plan
To achieve our growth goals, FreshPress Delivery requires funding to expand our operations, enhance our technology platform, and increase our marketing efforts. This investment will enable us to scale our business, extend our market reach, and continue providing high-quality, convenient laundry services to our customers in Pasco, WA. Our financial strategy is designed to ensure sustainable growth while maximizing value for our stakeholders.
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 | $825,314 | $867,360 | $911,548 | $957,987 | $1,006,792 |
Gross Profit | $1,400,665 | $1,542,998 | $1,698,460 | $1,868,208 | $2,053,498 |
Gross Profit (%) | 62.9% | 64% | 65.1% | 66.1% | 67.1% |
Other Expenses | $97,085 | $100,030 | $103,065 | $106,192 | $109,414 |
EBITDA | $1,303,580 | $1,442,967 | $1,595,394 | $1,762,016 | $1,944,083 |
Depreciation | $66,000 | $66,000 | $66,000 | $66,000 | $66,000 |
Amortization | $0 | $0 | $0 | $0 | $0 |
Interest Expense | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 |
Income Tax Expense | $417,753 | $466,538 | $519,888 | $578,205 | $641,929 |
Net Income | $775,827 | $866,428 | $965,506 | $1,073,810 | $1,192,154 |
II. Company Overview
FreshPress Delivery is a pioneering Laundry Delivery Service now available to the vibrant community of Pasco, WA. As a local initiative, we’ve identified a significant gap in the market – the absence of high-quality local laundry delivery services. With our entrance, we’re excited to bring convenience, quality, and personalized care right to your doorstep, ensuring your laundry needs are met with the utmost attention and professionalism.
At FreshPress Delivery, our offerings go beyond the standard expectations of laundry services. We take pride in providing an extensive range of services tailored to meet the diverse needs of our customers. From the basic but essential pickup and delivery service to our meticulous wash, dry, and fold options, we’ve got you covered. But we don’t stop there; understanding the importance of special garments and items in your life, we also offer dry cleaning and special item care. Recognizing that our customers have unique needs and preferences, we provide customization options to ensure your laundry is cared for exactly as you wish.
Rooted in the heart of Pasco, WA, FreshPress Delivery is dedicated to serving the residents of our community. Our local presence not only makes us accessible but also enables us to foster strong relationships with our customers, understanding their needs and preferences on a personal level.
Our confidence in our ability to lead and redefine the laundry service market in Pasco comes from several unique strengths. Firstly, our founder brings invaluable experience from previously running a successful laundry delivery service, ensuring we’re built on a foundation of proven strategies and customer-focused values. Furthermore, our commitment to excellence in our wash, dry, and fold, alongside our comprehensive dry cleaning services, sets us apart from the competition. We’re not just another laundry service; we’re a team dedicated to providing a superior experience through a wider range of services.
Since our inception on January 5, 2024, as a Limited Liability Company, FreshPress Delivery has achieved significant milestones that lay the groundwork for our operations. Among our early accomplishments are the development of our unique company name, the creation of a distinctive logo that resonates with our brand identity, and securing a prime location that serves as our operational base. These achievements reflect our commitment to establishing a strong, recognizable brand within our community.
III. Industry Analysis
The Laundry Delivery Service industry in the United States is currently worth approximately $3 billion, with an expected annual growth rate of 5% over the next five years. This growth is driven by an increasing demand for convenient and time-saving services, as well as a shift towards outsourcing household chores.
One of the key trends in the Laundry Delivery Service industry is the rise of mobile apps and online platforms that make it easier for customers to schedule and manage their laundry services. This trend bodes well for FreshPress Delivery, as their online platform allows customers to easily book pickups and deliveries, track their orders, and communicate with the FreshPress team.
Another trend in the industry is the increasing focus on eco-friendly practices and sustainable solutions. FreshPress Delivery prides itself on using environmentally friendly detergents and processes, which aligns well with the growing consumer preference for green businesses. By positioning themselves as a sustainable option in the market, FreshPress Delivery is well-positioned to capitalize on this trend and attract environmentally conscious customers.
IV. Customer Analysis
Below is a description of our target customers and their core needs.
Target Customers
We will target local residents in Pasco, WA, who are looking for convenient and efficient laundry services. This primary customer segment includes busy professionals who value their time and prefer to outsource household chores to focus on their careers and personal life. Our services are specifically tailored to meet the needs of this demographic by providing quick, reliable, and hassle-free laundry delivery solutions.
Apart from local residents, we will also cater to small businesses such as local gyms, spas, and bed & breakfast establishments that require regular, high-volume laundry services. These establishments prioritize cleanliness and professionalism, which aligns with our commitment to providing top-notch service. By offering customizable laundry solutions, we will ensure that their specific needs are met, thereby establishing long-term partnerships.
Additionally, we will target college students and apartment dwellers who may not have easy access to laundry facilities. Our services will offer them a convenient solution to handle their laundry needs without the hassle of visiting laundromats. This approach will not only save them time but will also provide a cost-effective alternative to on-campus or in-building laundry services.
Customer Needs
Customers today expect convenience blended with quality in every service they opt for, particularly in household chores that consume a significant portion of their time, such as laundry. FreshPress Delivery meets this need by offering a high-quality wash, dry, and fold service that saves residents the hassle of doing their laundry. This service not only ensures that customers have more free time to spend on activities they enjoy but also guarantees that their clothes are cared for professionally, extending their lifespan and maintaining their quality.
In addition to the basic need for clean clothes, customers also seek a reliable and efficient service that fits seamlessly into their busy schedules. FreshPress Delivery addresses this by providing a straightforward scheduling system that allows customers to choose pickup and delivery times that work for them, eliminating the need to adjust their day around doing laundry or visiting a laundromat. This level of flexibility and convenience is particularly appealing to those with demanding jobs, families, or both, who can now enjoy one less chore.
Moreover, FreshPress Delivery caters to the growing demand for personalized services. Customers can specify their laundry preferences, such as the type of detergent or fabric softener used, ensuring that even the most sensitive skin is looked after. This attention to detail and the ability to tailor services to individual needs not only enhances customer satisfaction but also fosters a loyal customer base that values the personalized care their belongings receive.
V. Competitive Analysis
Direct Competitors
FreshPress Delivery’s competitors include the following companies:
Tri City Cleaners & Laundromat offers a comprehensive range of laundry services, including self-service laundromats, dry cleaning, and laundry delivery services. Their price points vary based on the service, with competitive rates for both their in-store services and delivery options. They operate multiple locations within the Tri-Cities area, catering to a diverse customer base that includes both individual consumers and commercial clients. This geographical spread allows them to serve a broad segment of the market. Key strengths include their established presence in the community and a wide range of services. However, their weaknesses may lie in the potential for inconsistent service quality across different locations.
Hometown Cleaners specializes in dry cleaning and laundry services, with a strong emphasis on customer service and quality. Their pricing is positioned at a mid to high range, reflecting their focus on premium service quality. Hometown Cleaners operates from a central location in Pasco, WA, primarily serving the local residential market. This focus on a specific geographical area allows for a concentrated marketing effort and personalized customer service. A major strength is their reputation for high-quality service and reliability. On the downside, their more limited geographical reach and higher price points could deter price-sensitive customers.
Uptown Cleaners & Laundry provides a mix of traditional laundry services, including both self-service options and full-service dry cleaning and laundry. They offer competitive pricing aimed at attracting a broad customer base. Uptown Cleaners & Laundry operates several outlets across the Pasco area, enabling them to capture a significant share of the market. They target both individual and commercial clients, offering services that cater to the needs of each segment. Strengths of Uptown Cleaners & Laundry include their accessibility and convenience due to multiple locations. A potential weakness is the challenge of maintaining high service standards across all outlets, which could impact customer satisfaction.
Competitive Advantages
At FreshPress Delivery, our commitment to providing a superior wash, dry, and fold experience, coupled with top-notch dry cleaning services, sets us apart from the competition. We understand that laundry is a personal and essential task for every household and individual. Hence, our approach is not just about cleaning clothes; it’s about offering a meticulous, caring service that reflects our dedication to quality and customer satisfaction. Our techniques and processes are continuously refined to ensure that each garment receives the attention it deserves, resulting in a finish that’s noticeably superior to what our competitors can offer. Furthermore, our comprehensive range of laundry services ensures that all our customers’ needs are met under one roof, making us a convenient one-stop solution.
Moreover, our competitive edge extends beyond just the quality of our laundry services. We recognize the importance of convenience in today’s fast-paced world. Therefore, we’ve streamlined our delivery process to ensure it’s as efficient and user-friendly as possible. Customers can expect an easy-to-use online booking system, reliable pick-up and delivery times, and exceptional customer service at every touchpoint. This focus on convenience, combined with our commitment to excellence in laundry services, ensures that we not only meet but exceed our customers’ expectations. In doing so, we are not just another laundry service; we are a trusted partner in our customers’ daily lives, providing them with more time to focus on what matters most to them.
VI. Marketing Plan
Our marketing plan, included below, details our products/services, pricing and promotions plan.
Products, Services & Pricing
FreshPress Delivery stands out in the market by offering a comprehensive range of laundry services tailored to meet the needs of its diverse clientele. With a focus on convenience, quality, and customer satisfaction, the company ensures that every garment it handles is cared for with the utmost professionalism. Below is a detailed overview of the products and services offered by FreshPress Delivery, along with their average selling prices.
The cornerstone of FreshPress Delivery’s offerings is its Pickup and Delivery service. Understanding the busy schedules of its customers, the company provides a seamless pick-up and delivery service, ensuring that laundry handling becomes a hassle-free process for its clients. The average price for this convenience is set at $10, which covers both the collection and return of items within Pasco, making it an affordable luxury for many.
At the heart of FreshPress Delivery’s services is the Wash, Dry, and Fold option. This service is designed for everyday laundry needs, offering a thorough cleaning, drying, and meticulous folding of clothes. Customers can expect to pay an average price of $1.50 per pound of laundry, with a minimum charge often applied to ensure the service remains efficient and valuable for both the company and its clients.
Dry Cleaning services are also available for those garments that require special care and attention. FreshPress Delivery employs advanced techniques and solvents to ensure that even the most delicate items are returned in pristine condition. Prices for Dry Cleaning vary depending on the item, but customers can generally expect to pay around $10 per item, ensuring their valuable garments are handled with the utmost care.
For items that demand an extra level of attention, FreshPress Delivery offers Special Item Care. This service caters to items such as wedding dresses, large comforters, or delicate fabrics that require specific cleaning methods. Given the tailored approach to these items, prices are quoted on a case-by-case basis, but customers can anticipate premium care for their most cherished possessions.
Understanding that each customer has unique needs, FreshPress Delivery provides Customization and Preferences for its services. This includes the use of hypoallergenic detergents, fragrance-free options, or specific folding instructions. While basic service prices remain consistent, customized requests may incur additional charges based on the complexity and resources required to meet the specific needs.
In summary, FreshPress Delivery offers a comprehensive suite of laundry services designed to cater to a wide range of needs and preferences. From basic wash and fold to specialized care for delicate items, the company prides itself on its commitment to quality, convenience, and customer satisfaction. With transparent pricing and a focus on delivering exceptional service, FreshPress Delivery is poised to become a trusted partner for laundry services in its community.
Promotions Plan
At FreshPress Delivery, we understand the importance of a strong promotional strategy to attract and retain customers. Our approach encompasses a variety of promotional methods, with a strong focus on online marketing, to ensure we reach our target audience effectively.
Online marketing serves as the cornerstone of our promotional efforts. We will leverage social media platforms such as Facebook, Instagram, and Twitter to engage with our audience, share promotional content, and provide updates about our services. Through targeted ads, we will reach potential customers within Pasco, WA, ensuring our messaging is seen by those most likely to benefit from our laundry delivery service. Email marketing will also play a crucial role, allowing us to send personalized offers, service updates, and valuable laundry tips directly to our subscribers’ inboxes.
In addition to online marketing, we will employ direct mail campaigns to reach potential customers in their homes. By sending out flyers, coupons, and informational brochures, we expect to raise awareness about FreshPress Delivery and the convenience our service offers. This tactic is especially effective in targeting those who may not be as active online but are equally in need of our services.
Community engagement is another vital part of our promotional strategy. We will participate in local events, sponsor community activities, and partner with other local businesses to increase our visibility within Pasco. This face-to-face interaction will not only help in building trust with potential customers but also allow us to gather feedback to continually improve our service.
Referral programs will also be implemented to encourage our satisfied customers to spread the word about FreshPress Delivery. By offering incentives for both the referrer and the referred, we expect to grow our customer base organically, leveraging the power of word-of-mouth recommendations.
Loyalty programs are designed to reward our repeat customers. By offering discounts, special offers, and exclusive services to our loyal customers, we aim to foster a sense of belonging and appreciation, encouraging continuous use of our laundry delivery service.
In conclusion, our promotional strategy is multifaceted, combining the broad reach and precision targeting of online marketing with direct mail, community engagement, referral programs, and loyalty schemes. By employing these methods, we expect to not only attract customers to FreshPress Delivery but also build a lasting relationship with them, ensuring our place as their preferred laundry delivery service in Pasco, WA.
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 FreshPress Delivery, there are several key day-to-day operational processes that we will perform.
- Order Management: Efficiently process customer orders through our website or mobile app, including scheduling pickup and delivery times that are convenient for our customers.
- Pickup and Delivery Coordination: Operate a reliable and punctual pickup and delivery service, ensuring that all drivers have accurate schedules and address details for each day. Use GPS tracking to improve route efficiency and customer updates.
- Laundry Processing: Carefully sort, wash, dry, fold, and package laundry according to customer preferences and garment care labels. This includes checking for and treating any stains, as well as quality control checks before packaging.
- Inventory Management: Keep a well-documented inventory of all laundry supplies, detergents, and packaging materials, ensuring that we never run out of the necessary items to provide our service.
- Customer Service: Offer prompt and friendly customer service, including handling inquiries, complaints, and feedback through multiple channels (e.g., phone, email, social media) to ensure customer satisfaction and retention.
- Equipment Maintenance: Perform regular maintenance and cleaning of laundry machines and delivery vehicles to prevent breakdowns and ensure efficient operation.
- Financial Management: Accurately track and manage financial transactions, including invoicing, payments, and payroll, to maintain a healthy cash flow and profitability.
- Marketing and Promotion: Execute ongoing marketing activities to attract new customers and retain existing ones. This could include social media engagement, local advertising, and promotional offers.
- Regulatory Compliance: Ensure compliance with all relevant health, safety, and environmental regulations, including the proper handling and disposal of cleaning chemicals and wastewater.
- Performance Monitoring: Regularly review and analyze operational performance against key metrics (e.g., order volume, customer satisfaction scores, delivery times) to identify areas for improvement and growth.
Milestones
FreshPress Delivery expects to complete the following milestones in the coming months in order to ensure its success:
- Secure Reliable Laundry Partnerships: Establish agreements with local, high-quality laundry facilities that can handle volume and provide consistent service to ensure customer satisfaction.
- Obtain Necessary Permits and Licenses: Ensure all regulatory requirements are met for operating a delivery service in Pasco, WA, including business licenses, vehicle permits, and any specific health or environmental regulations related to laundry handling.
- Develop an Efficient, User-Friendly Online Platform: Launch a website and mobile app that makes it easy for customers to schedule pickups and deliveries, select specific laundry preferences, and make payments securely.
- Implement a Marketing and Community Outreach Plan: Begin an aggressive marketing campaign focusing on local online ads, social media presence, and community engagement to build brand awareness and acquire initial customers.
- Launch Our Laundry Delivery Service: Officially start operations, ensuring a smooth process for scheduling, picking up, cleaning, and delivering laundry back to customers, focusing on quality service and customer satisfaction.
- Build a Robust Delivery Infrastructure: Acquire or lease a fleet of reliable, fuel-efficient vehicles and hire trained, customer-friendly drivers to ensure efficient and timely pickups and deliveries.
- Establish a Customer Service Excellence Program: Develop a training program for all employees focusing on customer service excellence and quick resolution of any issues to build a strong reputation and encourage word-of-mouth referrals.
- Reach Operational Efficiency: Streamline operations to reduce costs and improve service delivery times, including optimizing routes, improving laundry handling processes, and leveraging technology for better scheduling and tracking.
- Achieve $15,000/Month in Revenue: Focus on growing the customer base and increasing the number of orders per customer to reach the financial milestone of $15,000 in monthly revenue, indicative of a growing and potentially profitable business.
- Evaluate Expansion Opportunities: After establishing a strong local presence in Pasco, WA, assess the potential for expanding the service to neighboring areas or offering additional services to increase revenue streams and leverage the established brand.
VIII. Management Team
Our management team has the experience and expertise to successfully execute on our business plan.
Management Team Members
Oliver Miller, CEO
Oliver Miller brings a wealth of experience and a proven track record of success to FreshPress Delivery as its CEO. With a background in entrepreneurship and business management, Oliver previously spearheaded a successful laundry delivery service. This venture not only demonstrated his ability to identify and capitalize on niche market opportunities but also honed his skills in operations, customer service, and logistics. His leadership helped the company achieve significant growth and customer satisfaction, skills he is now poised to leverage at FreshPress Delivery. Oliver’s experience in managing a delivery service is directly applicable to the unique challenges and opportunities in the fresh produce delivery industry, making him exceptionally qualified to guide FreshPress Delivery towards achieving 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 | $825,314 | $867,360 | $911,548 | $957,987 | $1,006,792 |
Gross Profit | $1,400,665 | $1,542,998 | $1,698,460 | $1,868,208 | $2,053,498 |
Gross Profit (%) | 62.9% | 64% | 65.1% | 66.1% | 67.1% |
Other Expenses | $97,085 | $100,030 | $103,065 | $106,192 | $109,414 |
EBITDA | $1,303,580 | $1,442,967 | $1,595,394 | $1,762,016 | $1,944,083 |
Depreciation | $66,000 | $66,000 | $66,000 | $66,000 | $66,000 |
Amortization | $0 | $0 | $0 | $0 | $0 |
Interest Expense | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 |
Income Tax Expense | $417,753 | $466,538 | $519,888 | $578,205 | $641,929 |
Net Income | $775,827 | $866,428 | $965,506 | $1,073,810 | $1,192,154 |
Funding Requirements/Use of Funds
To accomplish our growth goals, FreshPress Delivery needs $440,000 in funding. Key uses of this funding will be as follows:
Capital Investments | |
---|---|
Location Buildout | $100,000 |
Furniture | $10,000 |
Equipment and Machines | $200,000 |
Computers and Software | $20,000 |
Non Capital Investments | |
---|---|
Working Capital | $50,000 |
Initial Rent/Lease | $10,000 |
Staff Salaries (First 3 Months) | $30,000 |
Initial Marketing and Advertising | $10,000 |
Supplies | $5,000 |
Insurance | $5,000 |
Financial Projections
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 | $825,314 | $867,360 | $911,548 | $957,987 | $1,006,792 | |
Total Direct Costs | $825,314 | $867,360 | $911,548 | $957,987 | $1,006,792 | |
GROSS PROFIT | $1,400,665 | $1,542,998 | $1,698,460 | $1,868,208 | $2,053,498 | |
GROSS PROFIT % | 62.9% | 64% | 65.1% | 66.1% | 67.1% | |
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 | $1,303,580 | $1,442,967 | $1,595,394 | $1,762,016 | $1,944,083 | |
Depreciation | $66,000 | $66,000 | $66,000 | $66,000 | $66,000 | |
Amortization | $0 | $0 | $0 | $0 | $0 | |
EBIT | $1,237,580 | $1,376,967 | $1,529,394 | $1,696,016 | $1,878,083 | |
Interest Expense | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | |
PRETAX INCOME | $1,193,580 | $1,332,967 | $1,485,394 | $1,652,016 | $1,834,083 | |
Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
Use of Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
Taxable Income | $1,193,580 | $1,332,967 | $1,485,394 | $1,652,016 | $1,834,083 | |
Income Tax Expense | $417,753 | $466,538 | $519,888 | $578,205 | $641,929 | |
NET INCOME | $775,827 | $866,428 | $965,506 | $1,073,810 | $1,192,154 | |
Net Profit Margin (%) | 34.9% | 35.9% | 37% | 38% | 39% |
5 Year Annual Balance Sheet
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
ASSETS | ||||||
Cash | $839,001 | $1,759,421 | $2,777,797 | $3,908,738 | $4,711,720 | |
Other Current Assets | $191,070 | $206,896 | $224,033 | $235,516 | $255,024 | |
Total Current Assets | $1,030,071 | $1,966,317 | $3,001,831 | $4,144,254 | $4,966,744 | |
Intangible Assets | $0 | $0 | $0 | $0 | $0 | |
Acc Amortization | $0 | $0 | $0 | $0 | $0 | |
Net Intangibles | $0 | $0 | $0 | $0 | $0 | |
Fixed Assets | $330,000 | $330,000 | $330,000 | $330,000 | $330,000 | |
Accum Depreciation | $66,000 | $132,000 | $198,000 | $264,000 | $330,000 | |
Net fixed assets | $264,000 | $198,000 | $132,000 | $66,000 | $0 | |
Preliminary Exp | $0 | $0 | $0 | $0 | $0 | |
TOTAL ASSETS | $1,294,071 | $2,164,317 | $3,133,831 | $4,210,254 | $4,966,744 | |
LIABILITIES & EQUITY | ||||||
Current Liabilities | $78,244 | $82,061 | $86,068 | $88,681 | $93,017 | |
Debt outstanding | $440,000 | $440,000 | $440,000 | $440,000 | $0 | |
Total Liabilities | $518,244 | $522,061 | $526,068 | $528,681 | $93,017 | |
Share Capital | $0 | $0 | $0 | $0 | $0 | |
Retained earnings | $775,827 | $1,642,255 | $2,607,762 | $3,681,573 | $4,873,727 | |
Total Equity | $775,827 | $1,642,255 | $2,607,762 | $3,681,573 | $4,873,727 | |
TOTAL LIABILITIES & EQUITY | $1,294,071 | $2,164,317 | $3,133,831 | $4,210,254 | $4,966,744 |
5 Year Annual Cash Flow Statement
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
CASH FLOW FROM OPERATIONS | ||||||
Net Income (Loss) | $775,827 | $866,428 | $965,506 | $1,073,810 | $1,192,154 | |
Change in Working Capital | ($112,825) | ($12,008) | ($13,130) | ($8,869) | ($15,172) | |
Plus Depreciation | $66,000 | $66,000 | $66,000 | $66,000 | $66,000 | |
Plus Amortization | $0 | $0 | $0 | $0 | $0 | |
Net Cash Flow from Operations | $729,001 | $920,419 | $1,018,376 | $1,130,940 | $1,242,982 | |
CASH FLOW FROM INVESTMENTS | ||||||
Fixed Assets | ($330,000) | $0 | $0 | $0 | $0 | |
Intangible Assets | $0 | $0 | $0 | $0 | $0 | |
Net Cash Flow from Investments | ($330,000) | $0 | $0 | $0 | $0 | |
CASH FLOW FROM FINANCING | ||||||
Cash from Equity | $0 | $0 | $0 | $0 | $0 | |
Cash from Debt financing | $440,000 | $0 | $0 | $0 | ($440,000) | |
Net Cash Flow from Financing | $440,000 | $0 | $0 | $0 | ($440,000) | |
Net Cash Flow | $839,001 | $920,419 | $1,018,376 | $1,130,940 | $802,982 | |
Cash at Beginning of Period | $0 | $839,001 | $1,759,421 | $2,777,797 | $3,908,738 | |
$839,001 | $1,759,421 | $2,777,797 | $3,908,738 | $4,711,720 |