Ice Skating Rink Business Plan Template

Written by Dave Lavinsky

Ice Skating Rink Business Plan Template
Table of Contents
Table of Contents

If you’re looking to create an ice skating rink business plan, you’ve come to the right place!

Over the past 25 years, the PlanPros team has helped over 1 million entrepreneurs and business owners write business plans….and many of them have started and grown successful ice skating rink businesses. Our ice skating rink business plan example below is sure to help you!

Ice Skating Rink Business Plan Example

Below is our ice skating rink business plan template and sample plan created using what we consider the best ai business plan generator:
 

I. Executive Summary

Company Overview

At Graceful Glide Ice Arena, located in the heart of our vibrant community, we are proud to offer a premier ice skating experience for all ages and skill levels. Our state-of-the-art facility not only provides a year-round indoor ice rink but also a comprehensive range of services including public skating sessions, figure skating and hockey lessons, and various ice-related events and competitions. Our mission is to create a welcoming, fun, and safe environment for everyone who walks through our doors, fostering a love for ice skating in a community setting. With a focus on high-quality customer service and an array of ice skating programs, we aim to be the go-to destination for recreational and professional skaters alike.

Success Factors

Our success stems from a combination of strategic factors and accomplishments that set us apart. We have invested heavily in creating a top-notch facility that meets the needs of both casual skaters and competitive athletes. Our diverse program offerings cater to a wide range of interests and skill levels, making ice skating accessible to everyone. A key accomplishment has been our ability to build a strong community presence through extensive outreach and partnerships with local schools and organizations, significantly increasing participation in our programs. Additionally, our dedicated and experienced management team has been instrumental in our day-to-day operations and long-term strategic planning, ensuring steady growth and customer satisfaction.

Industry Analysis

The ice skating industry is experiencing steady growth, driven by increasing interest in ice sports and recreational ice skating. Our analysis indicates that there is a growing demand for ice skating facilities that offer a blend of recreational, educational, and competitive programs. This trend is supported by the rising popularity of ice sports such as figure skating and hockey, which are attracting participants of all ages. Furthermore, the industry is benefiting from broader health and wellness trends, as individuals seek out fun and active ways to stay fit. Despite this positive outlook, the industry faces challenges such as seasonal fluctuations and the need for significant initial capital investment. Nevertheless, with strategic planning and a focus on year-round engagement, opportunities for growth and expansion are abundant.

Customer Analysis

Our target customers encompass a diverse range of individuals and groups, from young children and families to adult hobbyists and competitive athletes. We’ve identified several key segments, including beginners looking for a fun and safe learning environment, school groups seeking extracurricular activities, and professional skaters and hockey players in need of high-quality training facilities. Additionally, we cater to event planners and organizations looking for unique venues for parties, fundraisers, and team-building events. Understanding the varied needs and preferences of these segments allows us to tailor our offerings and marketing strategies effectively, ensuring we provide value and an exceptional experience for all our visitors.

Competitive Analysis

Frio Grande Valley Ice Skating Center, Icekate n boogie, Fantasyland Skate Center

Graceful Glide Ice Arena distinguishes itself with a unique blend of comprehensive ice skating programs, a state-of-the-art facility, and a strong community focus. Unlike our competitors, we offer a wider range of ice skating disciplines and skill development programs, catering to both recreational and professional skaters. Our competitive advantage lies in our ability to provide an inclusive, family-friendly environment that encourages long-term engagement and skill progression, setting us apart in the marketplace.

Marketing Plan

Our marketing plan is centered around showcasing our wide array of products, services, and competitive pricing to attract and retain customers. We offer public skating sessions, group and private lessons, and event hosting, catering to a broad customer base. Our pricing strategy is designed to be competitive yet reflective of the high-quality experience we provide. To promote these offerings, we will implement a comprehensive promotions plan that includes digital marketing through social media and email newsletters, partnerships with local schools and organizations, and special events to attract new customers and encourage repeat visits. Our aim is to build brand awareness and loyalty by highlighting our exceptional facilities, programs, and community involvement.

Operations Plan

Our operations plan focuses on ensuring the smooth functioning of our facility and the successful execution of our programs. Key operational processes include routine maintenance of the ice rink and equipment, scheduling of programs and events, and ongoing staff training to maintain high levels of customer service. We have set milestones for the expansion of our program offerings and facility upgrades to enhance our customer experience. Achieving these milestones is crucial for our growth strategy, allowing us to meet the increasing demand for our services and maintain our position as a leader in the ice skating industry.

Management Team

Under the leadership of CEO Amara Harris, our management team brings a wealth of experience and expertise to Graceful Glide Ice Arena. Harris’s background in managing a successful ice skating rink showcases her ability to oversee operations, drive growth, and foster a welcoming community environment. Her vision for the arena includes expanding its reach and services to appeal to a wider audience, ensuring its long-term success. The team’s shared commitment to excellence and innovation positions us well to achieve our business objectives and continue providing a premier skating experience.

Financial Plan

To reach our growth goals, we require significant funding to cover the costs of facility upgrades, program expansion, and marketing initiatives. This investment will enable us to enhance our offerings, attract a broader customer base, and ultimately increase revenue. Our financial plan outlines the allocation of funds across these key areas, ensuring that we can meet our objectives and continue to thrive in the competitive ice skating industry.

Summary

Below is an overview of our expected financial performance over the next five years:

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues $2,967,973 $3,213,811 $3,480,011 $3,768,261 $4,080,387
Direct Expenses $1,222,688 $1,284,978 $1,350,441 $1,419,240 $1,491,544
Gross Profit $1,745,285 $1,928,833 $2,129,569 $2,349,021 $2,588,843
Gross Profit (%) 58.8% 60% 61.2% 62.3% 63.4%
Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $1,648,200 $1,828,802 $2,026,504 $2,242,828 $2,479,428
Depreciation $194,000 $194,000 $194,000 $194,000 $194,000
Amortization $0 $0 $0 $0 $0
Interest Expense $121,000 $121,000 $121,000 $121,000 $121,000
Income Tax Expense $466,620 $529,830 $599,026 $674,739 $757,550
Net Income $866,580 $983,971 $1,112,477 $1,253,088 $1,406,878

 

II. Company Overview

Graceful Glide Ice Arena is a newly established Ice Skating Rink right here in Pharr, TX. As a local ice skating rink, we take pride in being the first to offer a high-quality ice skating experience in the area. Our commitment to excellence is evident in every aspect of our operations, from the smoothness of our ice to the warmth of our welcome.

At Graceful Glide Ice Arena, we offer a comprehensive range of products and services designed to enhance your ice skating experience. Our inventory includes top-of-the-line Ice Skates and an advanced Ice Resurfacer to ensure the best possible conditions for skating. Additionally, we provide Skate Rental Services for those who do not own their skates, making ice skating accessible to everyone. Our Ice Skating Lessons cater to all skill levels, from beginners to those looking to refine their techniques. To complete the experience, our Snack Bar or Concession Stand offers a variety of refreshments, ensuring our customers can recharge and get back to enjoying the ice.

Located in the heart of Pharr, TX, Graceful Glide Ice Arena is perfectly situated to serve the local community and visitors alike. Our strategic location is easily accessible and provides an ideal destination for families, friends, and individuals looking to enjoy ice skating.

Our unique qualifications for success stem from a combination of factors. The founder of Graceful Glide Ice Arena brings a wealth of experience from previously running a successful ice skating rink. This experience is invaluable in understanding what it takes to create a memorable and enjoyable ice skating environment. Moreover, our commitment to providing superior Ice Skates, an advanced Ice Resurfacer, and a delightful Snack Bar or Concession Stand sets us apart from the competition. These elements, combined with our passion for ice skating, position us as a leader in the local recreational scene.

Since our founding on January 5, 2024, as a Limited Liability Company, we have achieved several significant milestones. The development of our company name and the design of our logo were initial steps in establishing our brand identity. Finding a great location was crucial, and we are proud to have secured a spot that is both accessible and conducive to our vision for Graceful Glide Ice Arena. These accomplishments mark the beginning of our journey, and we are excited about the future of providing exceptional ice skating experiences to our community in Pharr, TX.

 

III. Industry Analysis

The Ice Skating Rink industry in the United States is thriving, with an estimated market size of $3.3 billion. This industry includes a wide range of facilities, from large indoor rinks to small outdoor rinks, catering to both recreational skaters and competitive athletes. The market has been experiencing steady growth over the past few years, driven by increasing interest in winter sports and ice skating as a form of entertainment and exercise.

Market research projects that the Ice Skating Rink industry in the United States is expected to continue growing at a rate of 2.5% annually. This growth is fueled by factors such as rising disposable incomes, increasing urbanization, and a growing awareness of the health benefits of ice skating. As more people seek out fun and active leisure activities, the demand for ice skating rinks is projected to remain strong, presenting a promising opportunity for businesses in this industry.

Recent trends in the Ice Skating Rink industry, such as the popularity of themed events, family-friendly programming, and the incorporation of technology into the skating experience, bode well for Graceful Glide Ice Arena in Pharr, TX. By staying attuned to these trends and offering unique and engaging experiences for customers, Graceful Glide has the potential to carve out a niche in the market and attract a loyal customer base. With the growing interest in ice skating across the country, the future looks bright for businesses like Graceful Glide that offer a fun and exciting way to stay active and enjoy time with friends and family.

 

IV. Customer Analysis

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

Target Customers

We will target local residents as our primary customer base, focusing on families seeking leisure activities, individuals interested in learning to skate, and those looking for a unique exercise option. This demographic is significant in Pharr, TX, where community-oriented activities are highly valued. Our offerings will tailor to various skill levels, from beginners to more experienced skaters, ensuring a welcoming environment for all.

Aside from local residents, we will also cater to schools and organizations looking for group activities or field trip destinations. Schools in the area will find our ice arena an excellent venue for physical education classes, end-of-year parties, or reward trips. By partnering with local educational institutions, we will establish ourselves as a key component of the community’s extracurricular and leisure landscape.

Moreover, we will target event planners and individuals seeking distinctive venues for private events such as birthday parties, corporate gatherings, and celebrations. Our facility will offer customizable packages to accommodate various group sizes and event types, providing a unique and memorable experience. This approach will position us as an attractive option for those looking to host events that stand out from the traditional offerings in the area.

Customer Needs

Graceful Glide Ice Arena fulfills a significant need for high-quality ice skating experiences among residents who desire this form of recreation and sport. Customers can expect a top-tier ice rink that prioritizes the quality of the ice, ensuring a smooth and enjoyable skate every time. This focus on maintaining a superior ice surface caters to both casual skaters and serious athletes, providing a reliable and enjoyable environment for all.

In addition to offering a premium skating experience, Graceful Glide Ice Arena meets the demand for a welcoming community space where individuals and families can gather for fun, exercise, and learning. The arena hosts a variety of programs, including lessons for beginners, figure skating classes, and hockey leagues, ensuring that there is something for everyone. Customers appreciate the opportunity to engage in physical activity while connecting with others who share similar interests.

Graceful Glide Ice Arena also addresses the need for accessible and affordable entertainment options in the area. By offering competitive pricing and special events, the arena makes ice skating an attainable activity for a wide audience. Seasonal promotions and family packages further ensure that everyone can enjoy the thrill of ice skating without breaking the bank. This approach not only attracts a diverse group of customers but also fosters a sense of community and inclusivity.

 

V. Competitive Analysis

Direct Competitors

Graceful Glide Ice Arena’s competitors include the following companies:

Frio Grande Valley Ice Skating Center

This center offers a wide range of ice skating activities including public skating sessions, figure skating lessons, and hockey leagues. Their price points vary depending on the activity, with public skating sessions being the most affordable option and private lessons and league participation costing more. Frio Grande Valley Ice Skating Center generates revenue through these activities, as well as through the rental of skating equipment and hosting of private events. Located in the heart of the Rio Grande Valley, it serves a diverse customer segment including families, schools, and amateur sports teams. The key strengths of Frio Grande Valley Ice Skating Center include its comprehensive range of ice skating activities and its strategic location. However, its weaknesses lie in its limited marketing reach and the seasonal nature of its business, which can affect customer turnout during warmer months.

Icekate n boogie

Icekate n boogie distinguishes itself by offering a unique combination of ice skating and dance, with special events that incorporate live music and DJ sessions on the ice. Their pricing strategy includes entry fees for special events and standard rates for ice skating sessions. This hybrid entertainment approach helps in generating significant revenue, particularly from the younger demographics and those looking for unique social entertainment options. Icekate n boogie operates in a metropolitan area, drawing in customers from a wide geographical range seeking an unconventional ice skating experience. The key strength of Icekate n boogie is its innovative blend of activities which creates a unique market position. However, the niche appeal might limit its customer base, and the operational complexity of hosting events can pose challenges.

Fantasyland Skate Center

Fantasyland Skate Center focuses on roller skating but has recently expanded to include ice skating during specific seasons. Their offerings include public skating sessions, birthday parties, and skating lessons. The pricing is competitive, aimed at attracting families and younger skaters. Fantasyland generates its revenue not only from skating activities but also from a concession stand and arcade games, making it a popular venue for casual entertainment. Situated in a suburban area, it caters to local residents and families looking for affordable leisure activities. The main strengths of Fantasyland Skate Center include its established reputation in roller skating and its multifaceted entertainment options. However, its seasonal foray into ice skating limits its appeal to ice skating enthusiasts, and the focus on a younger demographic may not attract serious skaters or athletes.

Competitive Advantages

At Graceful Glide Ice Arena, we understand the importance of providing an exceptional experience for every visitor, which is why we take pride in offering superior ice skates, an advanced ice resurfacer, and a top-notch snack bar or concession stand. Our commitment to quality is evident in the meticulously maintained skates available for our customers. These skates not only enhance the skating experience by offering better comfort and performance but also ensure safety, allowing skaters of all levels to enjoy their time on the ice with confidence. Furthermore, our state-of-the-art ice resurfacer guarantees a smooth and consistent ice surface, providing the perfect conditions for both recreational skating and competitive training.

In addition to our high-quality equipment and facilities, our snack bar sets us apart from the competition. We understand that a day at the ice rink is not just about skating but also about creating memorable experiences. That’s why our snack bar offers a variety of delicious, freshly prepared snacks and beverages, catering to the tastes and preferences of all our visitors. This attention to detail in providing an outstanding culinary experience complements the overall ambiance, making us the go-to destination for families, friends, and ice skating enthusiasts looking for a premium outing. By focusing on these aspects, we not only meet but exceed the expectations of our customers, establishing Graceful Glide Ice Arena as a leader in the recreational industry in our community.

 

VI. Marketing Plan

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

Products, Services & Pricing

Graceful Glide Ice Arena offers a variety of products and services tailored to meet the needs of ice skating enthusiasts of all ages and skill levels. From high-quality ice skates to expertly led ice skating lessons, the arena provides everything necessary for a fun and fulfilling ice skating experience. Additionally, the facility includes a snack bar or concession stand to ensure that guests can refuel and refresh during their visit.

Ice skates are among the primary offerings at the arena, available for purchase for those looking to own their pair. With an average selling price of $100, these skates are designed to offer comfort and performance, catering to both beginners and more advanced skaters. The selection includes various sizes and styles, ensuring that every skater finds the perfect fit for their needs.

For those who do not own their skates, the arena provides skate rental services. With a nominal fee of $10, individuals can rent a pair of skates for their session on the ice. This service is particularly beneficial for new skaters or those visiting the arena on an occasional basis, as it offers the convenience of skating without the need for a personal investment in equipment.

In addition to equipment rental, Graceful Glide Ice Arena excels in offering ice skating lessons. These lessons are designed to cater to all skill levels, from beginners learning the basics to advanced skaters looking to refine their technique. The average price for a group lesson is $20 per session, making it an affordable option for individuals seeking to improve their skating skills under the guidance of experienced instructors.

Finally, the snack bar or concession stand at the arena provides a selection of snacks and beverages to keep skaters energized. Prices vary, with items ranging on average from $2 for a small snack to $5 for more substantial offerings. This convenient service allows skaters and spectators alike to enjoy refreshments without having to leave the premises.

The arena also houses an ice resurfacer, ensuring that the ice surface is always in optimal condition for skaters. While this is not a direct service offered to customers, it plays a crucial role in maintaining the quality and safety of the skating experience at Graceful Glide Ice Arena.

Promotions Plan

At Graceful Glide Ice Arena, we understand the importance of effective promotion to attract and retain customers. Our comprehensive promotional strategy encompasses a variety of methods, ensuring that we reach our audience in Pharr, TX, and beyond. A cornerstone of our approach is a robust online marketing campaign.

Online marketing will play a crucial role in our promotional activities. We will leverage social media platforms, including Instagram, Facebook, and Twitter, to engage with our community. Regular updates featuring ice skating tips, event announcements, and special promotions will keep our audience informed and excited about what we have to offer. Additionally, we will utilize email marketing to send tailored content to our subscribers, informing them of upcoming events, discounts, and exclusive offers. Our website will also be optimized for search engines, ensuring that anyone looking for an ice skating experience in Pharr, TX, will find us at the top of their search results.

Beyond online marketing, we will engage in community outreach to build strong local connections. Hosting opening day events, themed skate nights, and offering group discounts will encourage community members to visit and return to our ice arena. Collaborating with local schools, sports clubs, and community organizations for events and fundraisers will further embed Graceful Glide Ice Arena into the fabric of our community.

Partnerships with local businesses will also be a key tactic. By collaborating with nearby restaurants, retail shops, and entertainment venues, we can create cross-promotion opportunities that benefit all parties involved. This could include package deals that combine ice skating sessions with meals or shopping discounts, making a visit to Graceful Glide Ice Arena an all-encompassing entertainment experience.

Lastly, traditional advertising methods will not be overlooked. Strategic placements of billboards in high-traffic areas and advertisements in local newspapers and magazines will ensure that we capture the attention of a wide audience. Radios spots, particularly during peak commute times, will further increase our visibility and attract more visitors to our ice arena.

In summary, Graceful Glide Ice Arena will employ a multi-faceted promotional strategy that includes online marketing, community outreach, partnerships with local businesses, and traditional advertising. This comprehensive approach will ensure that we attract a diverse group of customers and create a buzz around our ice skating rink in Pharr, TX. We are committed to providing an exceptional experience for our visitors and expect our promotional efforts to play a significant role in achieving this goal.

 

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 Graceful Glide Ice Arena, there are several key day-to-day operational processes that we will perform.

  • Customer Check-In and Ticket Sales: Staff members greet customers, process ticket sales, and manage the check-in process efficiently to ensure a smooth flow of guests into the arena.
  • Ice Maintenance: Perform regular ice resurfacing and maintenance to provide a high-quality skating experience. This includes daily inspections and necessary repairs to maintain safety and performance standards.
  • Rental Equipment Management: Offer well-maintained skating equipment for rent. This involves regular inspection, cleaning, and sanitizing of skates and other gear before and after customer use.
  • Safety and Compliance: Ensure all operations adhere to local health and safety regulations. Conduct daily safety checks of the premises and equipment to prevent accidents and injuries.
  • Customer Service: Provide excellent customer service, addressing inquiries, concerns, and feedback promptly to ensure a positive experience for all visitors.
  • Event Coordination: Manage and coordinate events such as birthday parties, group outings, and skating lessons, ensuring they run smoothly and meet customer expectations.
  • Financial Management: Handle daily financial operations, including sales tracking, expense management, and revenue optimization to ensure the business remains profitable.
  • Marketing and Promotion: Implement marketing strategies to attract new customers and retain existing ones. This includes managing social media, local advertising, and promotional events.
  • Staff Management: Schedule and supervise staff to ensure there is adequate coverage for all operational areas, including customer service, ice maintenance, and safety compliance.
  • Cleanup and Facility Maintenance: Ensure the arena, including the ice surface, rental areas, and common spaces, are clean and well-maintained at all times to provide a welcoming environment for customers.

Milestones

Graceful Glide Ice Arena expects to complete the following milestones in the coming months in order to ensure its success:

  •  Secure a Suitable Location: Identify and finalize the lease or purchase of a property in Pharr, TX, that is accessible and has the potential to attract a large customer base. This location must also have enough space to accommodate an ice rink and additional facilities such as a snack bar and rental area.
  •  Obtain Necessary Permits and Licenses: Ensure all required local, state, and federal permits and licenses for operating an ice skating rink are acquired. This includes health and safety certifications, building permits, and any specific permits required for entertainment facilities.
  • Complete Construction and Setup: Finish the construction of the ice rink and related facilities. This involves installing the ice-making equipment, setting up seating and rental areas, and ensuring the venue meets all safety standards and regulations.
  • Hire and Train Staff: Recruit a team that includes rink managers, ice maintenance personnel, customer service representatives, and instructors. Provide comprehensive training to ensure high-quality service and safety standards are upheld.
  • Launch Marketing Campaign: Initiate a pre-launch marketing campaign to build awareness and excitement about the new ice skating rink. Utilize social media, local advertising, partnerships with schools and community organizations, and special promotional events to engage potential customers.
  • Launch Our Ice Skating Rink: Officially open Graceful Glide Ice Arena to the public with a grand opening event. Offer special promotions to attract a large number of visitors and gather feedback to improve services.
  • Implement a Customer Loyalty Program: Develop and introduce a loyalty program to encourage repeat visits. This could include discounts, free skate rentals after a certain number of visits, or special access to events.
  • Monitor and Adapt Operational Processes: Continuously evaluate and adjust operational processes, including customer service, maintenance routines, and staffing levels, to ensure efficiency and high customer satisfaction.
  • Establish Partnerships and Sponsorships: Form partnerships with local businesses, schools, and community organizations to host events, offer group discounts, and increase visibility in the community.
  • Get to $15,000/Month in Revenue: Achieve the financial milestone of generating at least $15,000 in monthly revenue. This involves not only increasing customer base and visit frequency but also optimizing pricing strategies and ancillary revenue streams such as food and beverage sales and skate rentals.

 

VIII. Management Team

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

Management Team Members

Graceful Glide Ice Arena management team, which includes the following members, has the experience and expertise to successfully execute on our business plan:

Amara Harris, CEO

With a robust background in the ice skating industry, Amara Harris brings a wealth of experience to the Graceful Glide Ice Arena. Her tenure as a successful manager of a previous ice skating rink stands as a testament to her capability to lead and innovate in this niche market. Under her leadership, that facility saw significant growth in both customer base and revenue, showcasing her aptitude for business strategy and her deep understanding of what it takes to run a successful ice arena. Amara’s vision for Graceful Glide Ice Arena is not only to maintain its operational excellence but also to expand its reach and services to cater to a broader audience, ensuring its lasting success in the community.

 

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 $2,967,973 $3,213,811 $3,480,011 $3,768,261 $4,080,387
Direct Expenses $1,222,688 $1,284,978 $1,350,441 $1,419,240 $1,491,544
Gross Profit $1,745,285 $1,928,833 $2,129,569 $2,349,021 $2,588,843
Gross Profit (%) 58.8% 60% 61.2% 62.3% 63.4%
Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $1,648,200 $1,828,802 $2,026,504 $2,242,828 $2,479,428
Depreciation $194,000 $194,000 $194,000 $194,000 $194,000
Amortization $0 $0 $0 $0 $0
Interest Expense $121,000 $121,000 $121,000 $121,000 $121,000
Income Tax Expense $466,620 $529,830 $599,026 $674,739 $757,550
Net Income $866,580 $983,971 $1,112,477 $1,253,088 $1,406,878

Funding Requirements/Use of Funds

To accomplish our growth goals, Graceful Glide Ice Arena needs $1.21 million in funding. Key uses of this funding will be as follows:

Capital Investments
Buildings/Location Buildout $800,000
Furniture $50,000
Equipment and Machines $100,000
Computers and POS Systems $20,000
Non Capital Investments
Working Capital $100,000
Initial Rent/Lease (3 months) $15,000
Staff Salaries (First 3 Months) $90,000
Initial Marketing and Advertising $20,000
Supplies $5,000
Insurance $10,000

Financial Projections

financial projection ice skating rink business plan

5 Year Annual Income Statement

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues
Revenues $2,967,973 $3,213,811 $3,480,011 $3,768,261 $4,080,387
Total Revenues $2,967,973 $3,213,811 $3,480,011 $3,768,261 $4,080,387
Direct Costs
Direct Costs $1,222,688 $1,284,978 $1,350,441 $1,419,240 $1,491,544
Total Direct Costs $1,222,688 $1,284,978 $1,350,441 $1,419,240 $1,491,544
GROSS PROFIT $1,745,285 $1,928,833 $2,129,569 $2,349,021 $2,588,843
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 $1,648,200 $1,828,802 $2,026,504 $2,242,828 $2,479,428
Depreciation $194,000 $194,000 $194,000 $194,000 $194,000
Amortization $0 $0 $0 $0 $0
EBIT $1,454,200 $1,634,802 $1,832,504 $2,048,828 $2,285,428
Interest Expense $121,000 $121,000 $121,000 $121,000 $121,000
PRETAX INCOME $1,333,200 $1,513,802 $1,711,504 $1,927,828 $2,164,428
Net Operating Loss $0 $0 $0 $0 $0
Use of Net Operating Loss $0 $0 $0 $0 $0
Taxable Income $1,333,200 $1,513,802 $1,711,504 $1,927,828 $2,164,428
Income Tax Expense $466,620 $529,830 $599,026 $674,739 $757,550
NET INCOME $866,580 $983,971 $1,112,477 $1,253,088 $1,406,878
Net Profit Margin (%) 29.2% 30.6% 32% 33.3% 34.5%

5 Year Annual Balance Sheet

FY 1 FY 2 FY 3 FY 4 FY 5
ASSETS
Cash $1,157,798 $2,320,204 $3,609,645 $5,045,215 $5,416,377
Other Current Assets $254,760 $275,861 $298,711 $314,021 $340,032
Total Current Assets $1,412,558 $2,596,066 $3,908,356 $5,359,237 $5,756,409
Intangible Assets $0 $0 $0 $0 $0
Acc Amortization $0 $0 $0 $0 $0
Net Intangibles $0 $0 $0 $0 $0
Fixed Assets $970,000 $970,000 $970,000 $970,000 $970,000
Accum Depreciation $194,000 $388,000 $582,000 $776,000 $970,000
Net fixed assets $776,000 $582,000 $388,000 $194,000 $0
Preliminary Exp $0 $0 $0 $0 $0
TOTAL ASSETS $2,188,558 $3,178,066 $4,296,356 $5,553,237 $5,756,409
LIABILITIES & EQUITY
Current Liabilities $111,978 $117,514 $123,327 $127,119 $133,413
Debt outstanding $1,210,000 $1,210,000 $1,210,000 $1,210,000 $0
Total Liabilities $1,321,978 $1,327,514 $1,333,327 $1,337,119 $133,413
Share Capital $0 $0 $0 $0 $0
Retained earnings $866,580 $1,850,551 $2,963,029 $4,216,117 $5,622,996
Total Equity $866,580 $1,850,551 $2,963,029 $4,216,117 $5,622,996
TOTAL LIABILITIES & EQUITY $2,188,558 $3,178,066 $4,296,356 $5,553,237 $5,756,409

5 Year Annual Cash Flow Statement

FY 1 FY 2 FY 3 FY 4 FY 5
CASH FLOW FROM OPERATIONS
Net Income (Loss) $866,580 $983,971 $1,112,477 $1,253,088 $1,406,878
Change in Working Capital ($142,781) ($15,565) ($17,036) ($11,518) ($19,716)
Plus Depreciation $194,000 $194,000 $194,000 $194,000 $194,000
Plus Amortization $0 $0 $0 $0 $0
Net Cash Flow from Operations $917,798 $1,162,405 $1,289,441 $1,435,570 $1,581,162
CASH FLOW FROM INVESTMENTS
Fixed Assets ($970,000) $0 $0 $0 $0
Intangible Assets $0 $0 $0 $0 $0
Net Cash Flow from Investments ($970,000) $0 $0 $0 $0
CASH FLOW FROM FINANCING
Cash from Equity $0 $0 $0 $0 $0
Cash from Debt financing $1,210,000 $0 $0 $0 ($1,210,000)
Net Cash Flow from Financing $1,210,000 $0 $0 $0 ($1,210,000)
Net Cash Flow $1,157,798 $1,162,405 $1,289,441 $1,435,570 $371,162
Cash at Beginning of Period $0 $1,157,798 $2,320,204 $3,609,645 $5,045,215
$1,157,798 $2,320,204 $3,609,645 $5,045,215 $5,416,377

 

Dave Lavinsky
Over the past 25 years, Dave Lavinsky, Founder of PlanPros has helped over 1 million entrepreneurs develop business plans.
Create your professional business plan in just minutes using PlanPros.ai!