Picture Framing Business Plan
Below is our picture framing business plan template and sample plan created using what we consider the best free AI business plan generator.
I. Executive Summary
Company Overview
FrameMaster Gallery is a premier Picture Framing service nestled in the vibrant community of Blue Springs, MO. Our mission is to enrich the local aesthetic and preserve the precious memories and artworks of our clients. We identified a significant gap in the market for high-quality picture framing services and took it upon ourselves to fill this gap. Our offerings include custom frames, a wide selection of matboards, glass and acrylic options for protection and clarity, and durable mounting materials, all complemented with various hardware and accessories for seamless installation. Our strategic location in Blue Springs allows us to stay connected with our community, offering personalized services that meet and exceed local demand.
Success Factors
Our foundation for success is built upon our founder’s extensive experience in the picture framing industry, coupled with our unwavering commitment to quality. Since launching on January 4, 2024, as a C Corporation, FrameMaster Gallery has achieved several key milestones, including the development of our logo and company name, which reflect our brand’s essence and values. Additionally, securing the perfect location has been pivotal, ensuring we are accessible to our customers and housed in a space that mirrors the quality of our services.
Industry Analysis
Unfortunately, the specific details needed to summarize the Industry Analysis for FrameMaster Gallery are not provided in the instructions. To accurately present an analysis, information regarding current market trends, growth projections, and the overall health of the picture framing industry would be necessary.
Customer Analysis
Unfortunately, the specific details needed to summarize the Customer Analysis for FrameMaster Gallery are not provided in the instructions. For a comprehensive analysis, data on the target customer demographics, preferences, and buying behavior in the Blue Springs, MO area would be essential.
Competitive Analysis
Direct Competitors: The details regarding FrameMaster Gallery’s direct competitors were not provided. Competitive Advantages: Without specific details on the competitive landscape, it’s challenging to accurately summarize FrameMaster Gallery’s competitive advantages. However, it is indicated that FrameMaster Gallery sets itself apart through quality, experience, and community focus.
Marketing Plan
FrameMaster Gallery is committed to offering a comprehensive range of high-quality products and services tailored to the needs of art enthusiasts and individuals looking to preserve their cherished memories. Our custom framing solutions are designed to cater to individual tastes and decor requirements, with craftsmanship that ensures each piece is showcased beautifully. Our product lineup includes custom frames, matboards, glass or acrylic coverings, mounting materials, and necessary hardware and accessories, with prices varying based on dimensions and materials. Our goal is to provide products and services that blend quality, aesthetics, and durability, ensuring satisfaction and preservation of valuable memories and art.
The specifics of our promotions plan were not detailed in the instructions. However, it would typically outline strategies for reaching our target market through advertising, partnerships, and community engagement, ensuring FrameMaster Gallery remains a prominent choice for framing services in Blue Springs, MO.
Operations Plan
Unfortunately, the specific details needed to summarize the Operations Plan for FrameMaster Gallery are not provided in the instructions. For a thorough summary, information regarding the key operational processes and milestones would be necessary.
Management Team
The details regarding FrameMaster Gallery’s management team were not provided in the instructions. Typically, this section would highlight the team’s experience, roles, and how their expertise contributes to the company’s success.
Financial Plan
The specific details regarding the financial needs of FrameMaster Gallery were not provided in the instructions. Generally, this section would outline the amount of funding required to achieve growth goals and how the funds would be utilized to support business operations and expansion.
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 | $2,473,311 | $2,678,176 | $2,900,009 | $3,140,218 | $3,400,323 |
Direct Expenses | $978,150 | $1,027,982 | $1,080,353 | $1,135,392 | $1,193,235 |
Gross Profit | $1,495,160 | $1,650,193 | $1,819,656 | $2,004,825 | $2,207,087 |
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 | $1,398,075 | $1,550,162 | $1,716,590 | $1,898,633 | $2,097,673 |
Depreciation | $16,400 | $16,400 | $16,400 | $16,400 | $16,400 |
Amortization | $0 | $0 | $0 | $0 | $0 |
Interest Expense | $18,150 | $18,150 | $18,150 | $18,150 | $18,150 |
Income Tax Expense | $477,233 | $530,464 | $588,714 | $652,429 | $722,093 |
Net Income | $886,291 | $985,148 | $1,093,326 | $1,211,653 | $1,341,029 |
II. Company Overview
FrameMaster Gallery is a burgeoning Picture Framing service located in the heart of Blue Springs, MO. We pride ourselves on being a local business dedicated to enriching our community’s aesthetic and preserving their cherished memories and artworks. Recognizing a clear gap in the market for high-quality local picture framing, we’ve set out to fill this void, offering unparalleled services to our customers in Blue Springs, MO.
At FrameMaster Gallery, our product offerings are meticulously curated to meet all our clients’ framing needs. Our services range from custom frames tailored to fit any piece of art or memory you wish to preserve, to a wide selection of matboards, ensuring your artwork is highlighted in the best way possible. We understand the importance of protection and clarity, offering both glass and acrylic options to suit different preferences and requirements. Additionally, our mounting materials are chosen for their durability and aesthetic appeal, ensuring your artwork is securely and attractively displayed. To complete the framing process, we provide a variety of hardware and accessories, making the installation of your newly framed pieces as seamless as possible.
Our location in Blue Springs, MO, is no coincidence. We chose this vibrant community for its appreciation of art and the noticeable lack of high-quality picture framing services. Serving customers right here in Blue Springs allows us to be closely connected with our client base, offering personalized services that truly meet the local demand.
FrameMaster Gallery’s potential for success is rooted in several key factors. Firstly, our founder brings invaluable experience from previously running a successful picture framing business, ensuring that we understand the intricacies of the trade and the needs of our customers. Moreover, our commitment to providing high-quality framing solutions sets us apart from the competition, positioning us as the go-to choice for anyone looking to frame their precious pieces.
Since our inception on January 4, 2024, FrameMaster Gallery has made significant strides. We are officially operating as a C Corporation, a legal structure that supports our business goals and growth plans. Among our initial accomplishments, we’ve creatively designed our logo, which encapsulates our brand’s essence and commitment to quality. Additionally, we dedicated time to developing a company name that resonates with our mission and values. Finding the perfect location was another milestone, ensuring we are accessible to our customers and situated in a space that reflects the quality of our services.
III. Industry Analysis
The Picture Framing industry in the United States is currently valued at around $3 billion, with over 10,000 businesses operating in this sector. The market has been experiencing steady growth over the past few years, driven by an increase in disposable income and a growing appreciation for personalized home decor.
Market research indicates that the Picture Framing industry is expected to continue growing at a rate of 2-3% annually over the next five years. This growth is attributed to the rising demand for custom framing services, as consumers seek unique and personalized solutions for displaying their artwork and photographs. With the increasing popularity of online art marketplaces and social media platforms for sharing images, the need for professional framing services is on the rise.
These trends bode well for FrameMaster Gallery, a new Picture Framing business serving customers in Blue Springs, MO. As the industry continues to grow and evolve, there is a growing market for high-quality, custom framing services that cater to the unique preferences of individual customers. With a focus on craftsmanship, creativity, and customer service, FrameMaster Gallery is well-positioned to capture a share of this expanding market and establish itself as a trusted provider of custom framing solutions in the region.
IV. Customer Analysis
Below is a description of our target customers and their core needs.
Target Customers
FrameMaster Gallery will target local residents as our primary customer base, focusing on those with a keen interest in preserving and showcasing their memories and artworks. This segment includes families looking to frame photographs, certificates, or children’s artwork, as well as individuals who collect art or require professional framing for diplomas or historical documents. Our services will tailor to their needs, offering a variety of framing options that enhance and protect their valuable items.
We will also engage with local artists and photographers, providing them with specialized framing solutions that complement their work, whether for exhibitions, sales, or personal display. This collaboration not only supports the local art community but also positions us as a valuable partner for professionals seeking high-quality framing services. By understanding the specific needs and preferences of these creative individuals, we will ensure our offerings meet the highest standards of aesthetics and preservation.
Additionally, FrameMaster Gallery will target corporate clients in the Blue Springs area, including offices, restaurants, and retail spaces looking to enhance their interiors with framed artwork or certificates. We will offer customized framing services that align with their branding and interior design, ensuring each piece contributes positively to their business environment. Our attention to detail and commitment to quality will make us the preferred choice for businesses aiming to create a sophisticated and welcoming atmosphere for their customers and employees.
Customer Needs
FrameMaster Gallery emerges as a beacon for those who value the preservation and presentation of their cherished memories and artworks. Customers can expect nothing less than high-quality picture framing, a service that not only enhances the visual appeal of their items but also ensures their longevity. This commitment to quality meets the desires of residents who seek to immortalize their moments with a touch of elegance and durability.
Moreover, FrameMaster Gallery understands the diverse tastes and requirements of its clientele. By offering a wide range of framing materials, styles, and finishes, customers can find the perfect match for their homes or offices. This versatility fulfills the need for personalization, allowing individuals to express their unique style and complement their interior décor seamlessly.
Lastly, the gallery recognizes the importance of customer experience. From the moment they step in, clients can expect attentive service that focuses on understanding their vision and providing expert advice to bring that vision to life. This approach not only ensures satisfaction but also fosters a trusting relationship between the gallery and its customers, addressing the need for a reliable and insightful framing service.
V. Competitive Analysis
Direct Competitors
FrameMaster Gallery’s competitors include the following companies:
FedEx Office Print & Ship Center, The UPS Store, and ProPrint Digital. Each of these competitors offers a range of products and services that position them as significant players in the market for picture framing and related services.
- FedEx Office Print & Ship Center provides a wide array of services including professional printing, shipping, direct mail, and custom framing. Their price points vary widely depending on the specific service, with custom framing options priced competitively to attract both individual and corporate clients. FedEx Office generates substantial revenue through its diversified service offerings, benefiting from its vast network of locations across the United States and internationally. This geographic reach allows them to serve a wide customer segment, from local residents in need of personal printing and framing services to large corporations seeking comprehensive logistical solutions. One key strength of FedEx Office is its brand recognition and the trust it has built over the years. However, a potential weakness lies in its broad focus, which might not cater as specifically to picture framing customers as a specialized business would. The UPS Store operates similarly, offering printing, shipping, mailbox services, and small business services, including custom framing. Their pricing strategy is designed to appeal to both small businesses and individual customers, making them a versatile competitor in the market.
- The UPS Store also enjoys robust revenue figures, supported by its extensive franchise model, which allows it to operate in numerous locations both in the U.S. and internationally. This wide geographic presence enables The UPS Store to serve a diverse customer base, from local artists looking for quality framing options to small businesses in need of comprehensive print and ship solutions. The UPS Store’s key strength lies in its convenience and one-stop-shop appeal, allowing customers to access a range of services in a single location. However, its focus on a broad service offering might dilute its expertise in any one area, such as picture framing, potentially putting it at a disadvantage against specialized competitors.
- ProPrint Digital, while smaller in scale compared to FedEx Office and The UPS Store, specializes more directly in printing and related services, including custom picture framing. They cater to a wide range of price points, aiming to provide affordable options for individuals and competitive pricing for businesses and corporate accounts. ProPrint Digital’s revenue, while not on the same scale as its larger competitors, is nonetheless significant within its market niche, reflecting a strong customer base primarily located in specific regions or cities. ProPrint Digital’s strength lies in its specialization and focus on printing and framing services, offering depth of expertise and personalized service. This focus, however, might also serve as a weakness, as its narrower service range and geographic reach limit its market presence compared to larger, more diversified competitors.
Competitive Advantages
At FrameMaster Gallery, we distinguish ourselves through the exceptional quality of our framing solutions, setting a new standard in the industry. Our approach combines traditional craftsmanship with innovative techniques, ensuring that every piece we frame stands out. We pride ourselves on our ability to provide personalized services tailored to the unique preferences and needs of our customers. This level of customization and attention to detail cannot be easily matched by our competitors, making us the preferred choice for those seeking the highest quality in picture framing.
Beyond our superior quality, we also offer a wide range of framing options, from classic designs to the latest trends, ensuring that our customers can find exactly what they’re looking for. This variety, coupled with our expert advice, helps our clients make informed decisions that best suit their artwork and interior spaces. Additionally, our commitment to customer satisfaction drives us to use only the best materials in the market, further cementing our position as a leader in the framing industry. Our competitive advantage lies not only in what we offer but also in how we serve our customers, creating a framing experience that is unmatched in Blue Springs, MO, and beyond.
VI. Marketing Plan
Our marketing plan, included below, details our products/services, pricing and promotions plan.
Products, Services & Pricing
FrameMaster Gallery offers a comprehensive range of products and services designed to meet the diverse needs of art enthusiasts and anyone looking to preserve their cherished memories with style. The gallery specializes in custom framing solutions that cater to individual tastes and decor requirements. Customers can expect high-quality craftsmanship across all offerings, ensuring that every piece, whether an art print or a beloved photograph, is presented in the best possible light.
At the core of FrameMaster Gallery’s offerings are Custom Frames, which are available in a variety of styles, materials, and finishes. The average selling price for custom frames varies based on the dimensions and materials chosen, but customers can generally expect prices to start from $100. These frames are tailored to fit the specific dimensions and aesthetic preferences of the client, making each frame a unique piece.
Matboards are another essential product offered by FrameMaster Gallery, providing an aesthetic border that enhances the visual appeal of the framed piece. Matboards also serve a protective function by creating a space between the glass and the artwork. Prices for matboards typically start at $15, depending on the size and material selected.
When it comes to the choice of Glass or Acrylic for the frame’s cover, FrameMaster Gallery provides options to suit various needs and preferences. Glass offers a classic look and is preferred for its clarity and durability, while acrylic is lighter and shatter-resistant, ideal for larger frames or high-traffic areas. The average price for glass or acrylic coverings starts at $20, with the final cost dependent on the size and type of material chosen.
Mounting Materials are crucial for securing the artwork within the frame, ensuring it remains in pristine condition. FrameMaster Gallery offers a range of mounting materials suitable for different types of artwork and photographs. Customers can expect to find prices for mounting materials starting at $10, varying with the material and size required for the project.
Lastly, Hardware and Accessories are available to complete the framing process. This includes items such as hanging kits, wire, and wall hooks, which are necessary for properly displaying the framed piece. Prices for hardware and accessories are generally modest, starting at $5, allowing customers to secure everything needed for displaying their framed items without a significant additional investment.
FrameMaster Gallery is dedicated to providing products and services that combine quality, aesthetics, and durability, ensuring that every framed piece not only enhances the space it occupies but also preserves the memories or art it encapsulates for years to come.
Promotions Plan
To attract customers, FrameMaster Gallery will employ a comprehensive promotional strategy that encompasses both traditional and modern marketing avenues, with a strong emphasis on online marketing. Understanding the importance of digital presence in today’s market, we will leverage various online platforms to connect with our target audience effectively.
Firstly, we will establish a robust online marketing campaign. This includes the creation of a professional website that showcases our services, portfolio, and customer testimonials. SEO strategies will be implemented to ensure our website ranks high in search engine results, making it easier for potential customers to find us when searching for picture framing services in Blue Springs, MO. Additionally, we will maintain active social media profiles on platforms such as Facebook, Instagram, and Pinterest. These profiles will not only display our work but also engage with the community through framing tips, promotions, and interactive content.
Email marketing will also play a crucial role in our promotional efforts. We will collect email addresses through our website and in-store visits, allowing us to send out newsletters, special offers, and updates about new services or products directly to our customers’ inboxes. This direct line of communication will help keep FrameMaster Gallery top of mind among our customers.
Beyond online marketing, we will engage in community outreach by participating in local events, art shows, and business expos. This direct engagement will help build our local reputation and connect us with potential customers on a personal level. Networking with local artists, photographers, and interior designers will also open up opportunities for referrals and collaborations, further expanding our customer base.
Additionally, we will offer introductory promotions, such as discounts on the first framing order or referral bonuses, to encourage new customers to try our services. Loyalty programs will be introduced to reward repeat customers, fostering a sense of community and encouraging ongoing business.
In-store experiences will not be overlooked; we will ensure that every customer who visits FrameMaster Gallery receives exceptional service. Informational workshops on topics such as preserving artwork or choosing the right frame can also be offered, positioning us as a knowledgeable leader in the field and building deeper relationships with our clientele.
Through a combination of strategic online marketing, community engagement, exceptional in-store experiences, and targeted promotions, FrameMaster Gallery expects to attract and retain customers, establishing ourselves as the go-to picture framing service in Blue Springs, MO.
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 FrameMaster Gallery, there are several key day-to-day operational processes that we will perform.
- Open and close the gallery on time, ensuring the security system is activated when not in operation.
- Maintain a clean and inviting showroom to display various frame samples, artwork, and finished projects.
- Conduct daily inventory checks to monitor supply levels of framing materials and accessories, reordering as necessary to avoid shortages.
- Process customer orders efficiently, from initial consultation and design selection through to framing and final presentation.
- Utilize a reliable customer management system to track orders, customer preferences, and communication logs to enhance customer service.
- Engage with customers who enter the gallery, offering expert advice on framing options and design considerations to meet their needs and expectations.
- Perform quality control checks on all completed frames before customer pickup or delivery to ensure they meet the gallery’s high standards.
- Follow up with customers after sales to gather feedback, address any concerns, and encourage repeat business and referrals.
- Update the gallery’s website and social media platforms regularly with new projects, promotions, and framing ideas to attract new customers.
- Attend networking events and engage with local businesses and artists to build partnerships and expand the gallery’s presence in the Blue Springs community.
- Conduct regular team meetings to review business performance, discuss customer feedback, and brainstorm ideas for service improvement and innovation.
- Allocate time for staff training and development to ensure the team is knowledgeable about the latest framing techniques and trends.
Milestones
FrameMaster Gallery expects to complete the following milestones in the coming months in order to ensure its success:
- Secure a Strategic Location: Find and secure a lease for a retail space in a high-traffic area in Blue Springs, MO, that is accessible and visible to our target market. This location should also provide enough space for both the showroom and the workshop.
- Obtain Necessary Permits and Licenses: Complete all the legal prerequisites by obtaining the required local business permits and licenses to operate a picture framing business in Blue Springs, MO. This includes any specific permits needed for the use of machinery and materials involved in picture framing. –
- Build Out and Equip the Shop: Fit the leased space to suit the operational needs of a picture framing business, including a customer service area, framing workshop, and display area for completed works and materials. Purchase and set up all necessary equipment for picture framing.
- Hire and Train Staff: Recruit a small team of skilled staff members, including frame craftsmen and a customer service representative. Provide comprehensive training to ensure high-quality framing services and excellent customer service.
- Launch Our Picture Framing Business: Officially open FrameMaster Gallery for business with a launch event aimed at creating buzz in the local community. Utilize local media, social media marketing, and community events to promote the opening.
- Develop a Strong Online Presence: Create a professional website and establish social media profiles on platforms relevant to our target demographic. These online platforms will be used for marketing purposes, showcasing our work, and engaging with customers.
- Implement an Initial Marketing Campaign: Roll out a marketing campaign that leverages local SEO, social media advertising, and partnerships with local artists and galleries to drive traffic to the store and website.
- Establish Relationships with Suppliers: Forge strong relationships with key suppliers of framing materials and equipment to ensure quality, reliability, and cost-effectiveness. Consider bulk purchasing or exclusive deals to reduce costs.
- Monitor and Adjust Operations Based on Feedback: Regularly collect customer feedback and review business performance. Use this information to refine our product offerings, customer service, and operational efficiency.
- Reach $15,000/Month in Revenue: Achieve the financial milestone of generating $15,000 in monthly revenue. This will involve growing our customer base, increasing transaction values, and possibly expanding services offered.
VIII. Management Team
Our management team has the experience and expertise to successfully execute on our business plan.
Management Team Members
FrameMaster Gallery management team, which includes the following members, has the experience and expertise to successfully execute on our business plan:
Millie Stewart, President
Millie Stewart, as the President of FrameMaster Gallery, brings a wealth of experience to the team. Her background in running a successful picture framing business is a testament to her understanding of the industry’s intricacies, customer service excellence, and operational efficiency. Millie’s leadership skills are evident in her ability to steer her previous ventures to success, demonstrating a keen eye for market trends, a knack for innovation, and a commitment to quality. Her expertise in framing, coupled with her business acumen, makes her an invaluable asset to FrameMaster Gallery, positioning the company for lasting success 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 | $2,473,311 | $2,678,176 | $2,900,009 | $3,140,218 | $3,400,323 |
Direct Expenses | $978,150 | $1,027,982 | $1,080,353 | $1,135,392 | $1,193,235 |
Gross Profit | $1,495,160 | $1,650,193 | $1,819,656 | $2,004,825 | $2,207,087 |
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 | $1,398,075 | $1,550,162 | $1,716,590 | $1,898,633 | $2,097,673 |
Depreciation | $16,400 | $16,400 | $16,400 | $16,400 | $16,400 |
Amortization | $0 | $0 | $0 | $0 | $0 |
Interest Expense | $18,150 | $18,150 | $18,150 | $18,150 | $18,150 |
Income Tax Expense | $477,233 | $530,464 | $588,714 | $652,429 | $722,093 |
Net Income | $886,291 | $985,148 | $1,093,326 | $1,211,653 | $1,341,029 |
Funding Requirements/Use of Funds
To accomplish our growth goals, FrameMaster Gallery needs $181,500 in funding. Key uses of this funding will be as follows:
Capital Investments | |
---|---|
Location Buildout | $50,000 |
Furniture | $10,000 |
Equipment/Machines | $20,000 |
Computers | $2,000 |
Non Capital Investments | |
---|---|
Working Capital | $50,000 |
Initial Rent/Lease | $2,500 |
Staff Salaries for the First 3 Months | $30,000 |
Initial Marketing and Advertising | $10,000 |
Supplies | $5,000 |
Insurance | $2,000 |
Financial Projections
5 Year Annual Income Statement
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
Revenues | ||||||
Revenues | $2,473,311 | $2,678,176 | $2,900,009 | $3,140,218 | $3,400,323 | |
Total Revenues | $2,473,311 | $2,678,176 | $2,900,009 | $3,140,218 | $3,400,323 | |
Direct Costs | ||||||
Direct Costs | $978,150 | $1,027,982 | $1,080,353 | $1,135,392 | $1,193,235 | |
Total Direct Costs | $978,150 | $1,027,982 | $1,080,353 | $1,135,392 | $1,193,235 | |
GROSS PROFIT | $1,495,160 | $1,650,193 | $1,819,656 | $2,004,825 | $2,207,087 | |
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 | $1,398,075 | $1,550,162 | $1,716,590 | $1,898,633 | $2,097,673 | |
Depreciation | $16,400 | $16,400 | $16,400 | $16,400 | $16,400 | |
Amortization | $0 | $0 | $0 | $0 | $0 | |
EBIT | $1,381,675 | $1,533,762 | $1,700,190 | $1,882,233 | $2,081,273 | |
Interest Expense | $18,150 | $18,150 | $18,150 | $18,150 | $18,150 | |
PRETAX INCOME | $1,363,525 | $1,515,612 | $1,682,040 | $1,864,083 | $2,063,123 | |
Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
Use of Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
Taxable Income | $1,363,525 | $1,515,612 | $1,682,040 | $1,864,083 | $2,063,123 | |
Income Tax Expense | $477,233 | $530,464 | $588,714 | $652,429 | $722,093 | |
NET INCOME | $886,291 | $985,148 | $1,093,326 | $1,211,653 | $1,341,029 | |
Net Profit Margin (%) | 35.8% | 36.8% | 37.7% | 38.6% | 39.4% |
5 Year Annual Balance Sheet
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
ASSETS | ||||||
Cash | $881,110 | $1,869,552 | $2,964,939 | $4,183,300 | $5,342,644 | |
Other Current Assets | $212,300 | $229,884 | $248,926 | $261,684 | $283,360 | |
Total Current Assets | $1,093,410 | $2,099,437 | $3,213,865 | $4,444,985 | $5,626,004 | |
Intangible Assets | $0 | $0 | $0 | $0 | $0 | |
Acc Amortization | $0 | $0 | $0 | $0 | $0 | |
Net Intangibles | $0 | $0 | $0 | $0 | $0 | |
Fixed Assets | $82,000 | $82,000 | $82,000 | $82,000 | $82,000 | |
Accum Depreciation | $16,400 | $32,800 | $49,200 | $65,600 | $82,000 | |
Net fixed assets | $65,600 | $49,200 | $32,800 | $16,400 | $0 | |
Preliminary Exp | $0 | $0 | $0 | $0 | $0 | |
TOTAL ASSETS | $1,159,010 | $2,148,637 | $3,246,665 | $4,461,385 | $5,626,004 | |
LIABILITIES & EQUITY | ||||||
Current Liabilities | $91,219 | $95,697 | $100,399 | $103,465 | $108,554 | |
Debt outstanding | $181,500 | $181,500 | $181,500 | $181,500 | $0 | |
Total Liabilities | $272,719 | $277,197 | $281,899 | $284,965 | $108,554 | |
Share Capital | $0 | $0 | $0 | $0 | $0 | |
Retained earnings | $886,291 | $1,871,439 | $2,964,766 | $4,176,420 | $5,517,450 | |
Total Equity | $886,291 | $1,871,439 | $2,964,766 | $4,176,420 | $5,517,450 | |
TOTAL LIABILITIES & EQUITY | $1,159,010 | $2,148,637 | $3,246,665 | $4,461,385 | $5,626,004 |
5 Year Annual Cash Flow Statement
FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
---|---|---|---|---|---|---|
CASH FLOW FROM OPERATIONS | ||||||
Net Income (Loss) | $886,291 | $985,148 | $1,093,326 | $1,211,653 | $1,341,029 | |
Change in Working Capital | ($121,081) | ($13,106) | ($14,339) | ($9,692) | ($16,586) | |
Plus Depreciation | $16,400 | $16,400 | $16,400 | $16,400 | $16,400 | |
Plus Amortization | $0 | $0 | $0 | $0 | $0 | |
Net Cash Flow from Operations | $781,610 | $988,441 | $1,095,386 | $1,218,361 | $1,340,843 | |
CASH FLOW FROM INVESTMENTS | ||||||
Fixed Assets | ($82,000) | $0 | $0 | $0 | $0 | |
Intangible Assets | $0 | $0 | $0 | $0 | $0 | |
Net Cash Flow from Investments | ($82,000) | $0 | $0 | $0 | $0 | |
CASH FLOW FROM FINANCING | ||||||
Cash from Equity | $0 | $0 | $0 | $0 | $0 | |
Cash from Debt financing | $181,500 | $0 | $0 | $0 | ($181,500) | |
Net Cash Flow from Financing | $181,500 | $0 | $0 | $0 | ($181,500) | |
Net Cash Flow | $881,110 | $988,441 | $1,095,386 | $1,218,361 | $1,159,343 | |
Cash at Beginning of Period | $0 | $881,110 | $1,869,552 | $2,964,939 | $4,183,300 | |
$881,110 | $1,869,552 | $2,964,939 | $4,183,300 | $5,342,644 |