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Non Medical Home Care Business Plan Template

Written by Dave Lavinsky

Non Medical Home Care Business Plan Template
Table of Contents

Non Medical Home Care Business Plan

For 25 years, we’ve helped thousands of entrepreneurs create business plans for non medical home care businesses. Our expertise and tools enable you to build a strong plan. Below is our non medical home care business plan template and sample plan created using the PlanPros business plan generator.

 

I. Executive Summary

Company Overview

Located in the heart of Lancaster, PA, CareHarbor Assist is excited to introduce our Non Medical Home Care service to the local community. Addressing the noticeable gap in high-quality, compassionate non-medical home care, we offer a wide range of services including Personal Care Assistance, Companionship Services, Housekeeping and Errands, Meal Preparation, and Transportation Assistance. Tailored to meet the unique needs of our clients, our goal is to ensure they lead comfortable and fulfilling lives in their own homes. Leveraging our deep understanding of the local environment and commitment to our neighbors, we are dedicated to becoming a trusted and integral part of Lancaster’s community.

Success Factors

Our competitive edge stems from the vast experience of our founder in the non-medical home care sector, alongside our commitment to providing superior housekeeping, errands, and a broad spectrum of non-medical home care services. Since our inception on January 6, 2024, we have rapidly progressed, marked by the creation of our company logo, the development of our brand, and securing a prime location for our operations. These accomplishments underscore our journey towards becoming the leading provider of non-medical home care in Lancaster, PA.

Industry Analysis

The Non Medical Home Care industry is witnessing significant growth in the United States, with a market size reaching $100 billion. This growth is driven by an aging population and a rising demand for home care services that do not require medical intervention. CareHarbor Assist is well-positioned to capitalize on industry trends, including a shift towards personalized care and the integration of technology to enhance service quality. By offering customized care plans and embracing technological advancements, we aim to differentiate ourselves and meet the evolving needs of our clients in Lancaster, PA.

Customer Analysis

Our primary focus is on serving elderly individuals and those with disabilities in Lancaster, PA, who need non-medical support in their daily lives. Our services are designed to enhance our clients’ independence and quality of life, whether they require assistance with personal hygiene, meal preparation, or companionship. Moreover, we cater to busy professionals and families in need of temporary or part-time support with household tasks and childcare. This broad customer base allows us to address a vital community need while expanding our reach across varied demographics.

Competitive Analysis

Our main competitors include CareSense Home Health, Home Instead Senior Care, and Aging Grace Services, each offering a range of services to the elderly and individuals recovering from surgeries or managing chronic illnesses. CareHarbor Assist sets itself apart by providing superior housekeeping and errand services, alongside a broader selection of non-medical home care services. Our emphasis on meticulous attention to detail, personalized service offerings, and the commitment to ongoing staff training and client satisfaction positions us as a trusted leader in the non-medical home care sector.

Marketing Plan

CareHarbor Assist offers a comprehensive suite of non-medical home care services, including Personal Care Assistance, Companionship Services, and more, with pricing tailored to meet the diverse needs of our clients. Our promotional strategies encompass online marketing, community engagement, and partnerships with local healthcare providers to effectively attract and retain clients. By leveraging social media, SEO, and targeted advertising, alongside participating in community events and utilizing client testimonials, we aim to build a strong, trustworthy brand presence in Lancaster, PA. Combining these digital efforts with traditional advertising methods, we ensure a holistic approach to marketing our services to potential clients.

Operations Plan

To ensure CareHarbor Assist’s success, we focus on key operational processes including client assessment and onboarding, caregiver scheduling and management, and quality assurance monitoring. Our commitment to training and development, alongside effective communication and financial management, underpins our operational efficiency. In the coming months, we aim to achieve milestones such as securing required licenses, recruiting and training staff, launching our marketing campaign, and building referral partnerships, all aimed at reaching our target of $15,000 monthly revenue and establishing ourselves as a leading home care provider in Lancaster, PA.

Management Team

Under the experienced leadership of Noah Gray, our CEO, the CareHarbor Assist management team brings a wealth of knowledge and expertise to the table. Noah’s proven track record in the non-medical home care industry and his visionary approach ensure that we are well-equipped to navigate the sector’s challenges and deliver outstanding care to our clients. Our management team’s collective skills and dedication are pivotal to achieving our business objectives and making a positive impact in the community.

Financial Plan

To reach our growth objectives, CareHarbor Assist is seeking $340,000 in funding. These funds will be allocated across various capital and non-capital investments, including location buildout, equipment, working capital, initial marketing, and staffing. This strategic investment will enable us to establish a solid foundation for our operations, ensuring we can provide high-quality non-medical home care services to the Lancaster, PA community.

Summary

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

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues $1,483,986 $1,606,905 $1,740,005 $1,884,130 $2,040,193
Direct Expenses $660,251 $693,888 $729,238 $766,389 $805,433
Gross Profit $823,735 $913,017 $1,010,767 $1,117,740 $1,234,759
Gross Profit (%) 55.5% 56.8% 58.1% 59.3% 60.5%
Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $726,649 $812,986 $907,701 $1,011,548 $1,125,345
Depreciation $0 $0 $0 $0 $0
Amortization $0 $0 $0 $0 $0
Interest Expense $0 $0 $0 $0 $0
Income Tax Expense $0 $0 $0 $0 $0
Net Income $726,649 $812,986 $907,701 $1,011,548 $1,125,345

 

II. Company Overview

As a fresh face in the Lancaster, PA community, CareHarbor Assist takes pride in introducing our new Non Medical Home Care service. Recognizing a significant gap in high-quality, local non-medical home care, we’ve stepped in to fill this void with our comprehensive and compassionate services. Our aim is to become an integral part of the community, serving our customers with the utmost care and professionalism.

At CareHarbor Assist, our services are designed to cater to a wide array of needs, ensuring our clients receive the best possible care in the comfort of their own homes. Our offerings include Personal Care Assistance, Companionship Services, Housekeeping and Errands, Meal Preparation, and Transportation Assistance. Each of these services is delivered with a personal touch, tailored to meet the individual requirements of our clients, ensuring they lead comfortable and fulfilling lives.

Located in the heart of Lancaster, PA, CareHarbor Assist is ideally positioned to serve our community efficiently and effectively. Our deep understanding of the local environment, combined with our commitment to our neighbors, sets us apart and ensures we’re a trusted and reliable provider of non-medical home care services in the area.

Our ability to succeed in this competitive landscape is built on a solid foundation. Our founder brings invaluable experience from successfully running a non-medical home care service previously. This experience, combined with our superior housekeeping, errands, and an extensive range of non-medical home care services, positions CareHarbor Assist above the competition, ready to meet the growing needs of our community.

Since our founding on January 6, 2024, as a Limited Liability Company, we have hit the ground running. Our accomplishments to date include the creation of our company logo, the development of our company name, and securing a prime location for our operations. These achievements mark the beginning of our journey to becoming a leading provider of non-medical home care in Lancaster, PA.

 

III. Industry Analysis

The Non Medical Home Care industry in the United States is currently experiencing significant growth, with an estimated market size of $100 billion. This industry provides essential services for individuals who require assistance with daily activities but do not need medical care. With the aging population in the U.S. continuing to grow, the demand for non-medical home care services is expected to increase substantially in the coming years.

One of the key trends in the Non Medical Home Care industry is the shift towards personalized and specialized care services. Customers are increasingly seeking customized care plans that cater to their specific needs and preferences. This trend bodes well for CareHarbor Assist, a new Non Medical Home Care provider in Lancaster, PA, as it allows them to differentiate themselves in the market by offering unique and tailored services to their clients. By staying ahead of this trend, CareHarbor Assist can attract and retain more customers in a competitive industry.

Another trend in the Non Medical Home Care industry is the adoption of technology to improve the quality and efficiency of care services. From electronic health records to remote monitoring devices, technology is playing a crucial role in enhancing the overall care experience for both clients and caregivers. CareHarbor Assist can leverage technology to streamline their operations, improve communication with clients, and deliver better outcomes. By embracing technological advancements, CareHarbor Assist can position themselves as a modern and innovative home care provider in Lancaster, PA.

 

IV. Customer Analysis

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

Target Customers

CareHarbor Assist will focus on serving elderly individuals who require non-medical assistance in their daily lives. Our services are particularly suited for seniors who wish to remain in the comfort of their own homes while receiving help with tasks such as meal preparation, personal hygiene, and companionship. We will target local residents in Lancaster, PA, who are seeking reliable and compassionate care solutions for their aging family members.

In addition to the elderly, CareHarbor Assist will also target individuals with disabilities who may need support with daily activities but do not require medical intervention. Our services will be designed to enhance their independence, allowing them to engage more fully in their community. By focusing on this demographic, we will address a vital need for comprehensive non-medical care in Lancaster, PA.

CareHarbor Assist will also tailor its services to busy professionals and families who may need temporary or part-time assistance with household tasks and childcare. This segment of our customer base will benefit from our flexible care plans that accommodate their dynamic schedules and provide peace of mind. By serving this group, we will expand our reach and provide valuable support to a diverse range of clients in the area.

Customer Needs

CareHarbor Assist focuses on fulfilling the essential need for high-quality housekeeping and errand services, catering to residents who desire assistance in maintaining their homes. By offering skilled and reliable housekeeping services, customers can enjoy a clean and organized living environment, which contributes significantly to their overall well-being. The convenience of running errands for customers ensures they have more time to focus on personal interests and spend quality time with loved ones.

In addition to these core services, CareHarbor Assist addresses the need for companionship, providing social interaction for individuals who may otherwise experience isolation. Through friendly and consistent visitation, customers can experience increased emotional support and engagement, which is vital for mental health. This service helps foster a sense of community and connection, enriching the lives of those who may feel disconnected.

Transportation assistance is another crucial need that CareHarbor Assist fulfills, especially for customers who face mobility challenges. By offering reliable transportation solutions, clients can attend medical appointments, social events, and other essential outings without stress. This service enhances independence and ensures customers maintain an active and fulfilling lifestyle.

Moreover, CareHarbor Assist attends to the need for meal preparation and dietary support, ensuring that clients receive nutritious meals tailored to their specific health requirements. By providing this service, customers can enjoy the comfort of home-cooked meals without the hassle of grocery shopping or meal planning. This not only supports physical health but also offers peace of mind to clients and their families, knowing nutritional needs are being met.

 

V. Competitive Analysis

Direct Competitors

CareHarbor Assist’s competitors include the following companies:

CareSense Home Health

CareSense Home Health operates as a comprehensive home health service provider with multiple locations across Pennsylvania, including a significant presence in Lancaster, PA. The company has the capacity to serve a wide range of clients through its network of skilled professionals and dedicated support staff. CareSense Home Health is committed to delivering personalized care plans that cater to the individual needs of their clients.

Services offered by CareSense include:

  • Skilled Nursing: Services are provided by licensed nurses, with costs varying based on client needs.
  • Physical Therapy: Tailored programs are available, with pricing based on therapy duration and frequency.
  • Occupational Therapy: Customized therapy sessions are offered, with costs dependent on the treatment plan.
  • Home Health Aide: Assistance with daily living activities is provided, with prices adjusted according to service hours.

Their target customer segments include elderly individuals and those recovering from surgeries or managing chronic illnesses. CareSense serves clients primarily in urban and suburban areas across Pennsylvania.

Key strengths of CareSense Home Health include a well-trained staff and a broad range of medical services. However, some customer reviews highlight scheduling and communication issues as areas for improvement.

Home Instead Senior Care

Home Instead Senior Care is a leading provider of senior care services, with a well-established office in Lancaster, PA. The company offers a robust network of caregivers who are equipped to provide supportive and companion care to seniors in their homes. Home Instead aims to enhance the quality of life for seniors by promoting independence and safety.

Services provided by Home Instead include:

  • Companionship Care: Social interaction and support with pricing based on care hours required.
  • Personal Care: Assistance with personal hygiene, with costs dependent on the level of care needed.
  • Alzheimer’s and Dementia Care: Specialized care plans are available, with prices tailored to the complexity of care.
  • Respite Care: Short-term relief for primary caregivers, priced according to care duration.

Their target demographic is primarily senior citizens who wish to remain in their homes while receiving care. Home Instead serves a broad geographic area that includes Lancaster and its surrounding regions.

Strengths of Home Instead Senior Care include their extensive experience in senior care and a focus on personalized care plans. Challenges faced by the company include occasional discrepancies in care quality as noted in some customer feedback.

Aging Grace Services

Aging Grace Services is a dedicated non-medical home care provider based in Lancaster, PA. With a focus on providing compassionate care, the company caters to the needs of seniors who require assistance with daily living tasks. Aging Grace Services prides itself on creating a nurturing environment for seniors and their families.

Services offered by Aging Grace Services include:

  • Companion Care: Social and emotional support, with pricing based on the duration of services.
  • Homemaking: Assistance with household chores, with costs determined by service hours.
  • Personal Care: Help with personal hygiene and grooming, with prices adjusted to the care level required.
  • Transportation Services: Accompanied transport for errands and appointments, with pricing based on travel needs.

Their target customers are primarily seniors in Lancaster and nearby areas who desire non-medical assistance in their daily routines. Aging Grace Services focuses on serving the local community within Lancaster County.

A key strength of Aging Grace Services is their personalized approach to care and strong community ties. However, the company faces challenges related to resource limitations, which can impact service availability during peak demand periods.

Competitive Advantages

At CareHarbor Assist, we distinguish ourselves by offering superior housekeeping and errand services compared to our competitors. Our clients can expect meticulous attention to detail in maintaining their homes, creating a clean and comfortable environment that enhances their well-being. The efficiency and thoroughness of our housekeeping services ensure that our clients can focus on enjoying life, knowing their homes are in capable hands. Alongside this, our errand services are designed to be highly responsive and personalized, catering to the unique needs of each individual. Whether it’s grocery shopping, picking up prescriptions, or running other essential errands, we provide a level of convenience and peace of mind that sets us apart.

Moreover, we pride ourselves on offering a broader range of non-medical home care services than our competition. This extensive service offering allows us to cater to a diverse clientele with varying needs, ensuring that each client receives the personalized care and attention they deserve. From companionship and meal preparation to medication reminders and transportation, our comprehensive services are designed to support our clients in maintaining their independence and quality of life. Additionally, our commitment to ongoing staff training and client satisfaction ensures that we not only meet but exceed expectations, further solidifying our position as a trusted leader in non-medical home care.

VI. Marketing Plan

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

Products, Services & Pricing

CareHarbor Assist offers a comprehensive suite of non-medical home care services designed to enhance the quality of life for individuals who require assistance in their daily activities. One of the primary services available is Personal Care Assistance. This service is tailored to meet the individual needs of each client and includes help with activities such as bathing, dressing, grooming, and mobility. Clients can expect an average price of around $25 to $30 per hour for personal care services, depending on the level of care required and the specific tasks involved.

Companionship Services are another key offering, focusing on providing social interaction and emotional support. This service is crucial for individuals who live alone and seek companionship to alleviate feelings of loneliness. Companionship services are typically priced at an average rate of $20 to $25 per hour, making it an affordable option for many clients looking to enhance their social well-being.

Housekeeping and Errands services are designed to help clients maintain a clean and organized living environment. This offering includes light housekeeping tasks, laundry, grocery shopping, and running other essential errands. The average cost for these services ranges from $22 to $27 per hour, providing clients with the convenience and peace of mind that their household needs are being taken care of efficiently.

Meal Preparation services are provided to ensure that clients receive nutritious and enjoyable meals tailored to their dietary preferences and restrictions. These services are particularly beneficial for those who may find cooking challenging or time-consuming. The average price for meal preparation services is approximately $25 per hour, which includes planning, cooking, and cleaning up after the meal.

Transportation Assistance is available for clients who need help getting to appointments, social events, or running errands. This service ensures that clients have a safe and reliable means of transportation, promoting independence and mobility. Transportation assistance is generally priced at an average of $25 to $30 per hour, with costs varying based on distance and duration of travel.

Promotions Plan

To attract customers effectively, CareHarbor Assist will employ a blend of promotional methods that include online marketing, community engagement, and partnerships. Our online marketing strategy will be robust, leveraging social media platforms, search engine optimization (SEO), and targeted advertising to reach potential clients in Lancaster, PA. By maintaining an engaging presence on social media, CareHarbor Assist will connect with families and individuals seeking non-medical home care services.

In addition to online efforts, CareHarbor Assist will focus on community engagement to establish a strong local presence. We will participate in community events, health fairs, and senior expos to showcase our services and build relationships with local residents. Hosting informational seminars and workshops will allow CareHarbor Assist to educate the public about the benefits of non-medical home care and demonstrate our commitment to enhancing the quality of life for our clients.

Partnering with local healthcare providers and senior organizations will also play a key role in our promotional strategy. CareHarbor Assist will collaborate with doctors, hospitals, and rehabilitation centers to receive referrals and recommendations. By establishing partnerships with these entities, we will expand our network and reach more potential clients who may benefit from our services.

Another tactic involves leveraging client testimonials and success stories in our marketing materials. CareHarbor Assist will highlight the positive experiences of our clients to build trust and credibility. By sharing these stories on our website, social media, and printed materials, we will create an emotional connection with prospective clients and their families.

Additionally, CareHarbor Assist will invest in traditional advertising methods such as flyers, brochures, and local newspaper ads to reach audiences who prefer offline interactions. By combining these methods with our digital efforts, we will ensure a comprehensive approach to attracting and retaining clients in Lancaster, PA.

 

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 CareHarbor Assist, there are several key day-to-day operational processes that we will perform:

  • Client Assessment and Onboarding: Conduct initial client assessments to understand individual needs and preferences. Develop personalized care plans and ensure proper documentation for each client. Facilitate smooth onboarding, including explaining services, policies, and procedures.
  • Caregiver Scheduling and Management: Coordinate and assign caregivers based on client needs and preferences. Manage caregiver schedules to ensure consistent and reliable service. Handle any schedule changes or conflicts promptly.
  • Quality Assurance and Monitoring: Implement regular quality checks and feedback mechanisms to ensure high standards of care. Conduct routine visits or calls to clients to gather feedback and address any concerns.
  • Training and Development: Provide ongoing training and development opportunities for caregivers to enhance skills and knowledge. Ensure compliance with relevant regulations and industry standards through continuous education.
  • Client and Caregiver Communication: Maintain open and effective communication channels between clients, caregivers, and the management team. Address client inquiries, concerns, or special requests promptly and professionally.
  • Billing and Financial Management: Manage client billing and payments accurately and timely. Maintain transparent financial records and handle any billing inquiries or disputes efficiently.
  • Compliance and Documentation: Ensure all activities comply with local, state, and federal regulations. Maintain accurate and up-to-date records for clients and staff, ensuring confidentiality and security.
  • Marketing and Client Acquisition: Develop and implement marketing strategies to attract new clients. Build and maintain relationships with local healthcare providers and community organizations to generate referrals.
  • Resource Allocation and Supplies Management: Ensure caregivers have the necessary resources and supplies to perform their duties effectively. Monitor inventory levels and manage procurement processes as needed.
  • Emergency Preparedness and Response: Develop and implement emergency response plans to handle unforeseen situations. Train staff on emergency protocols and ensure readiness for any potential crises.

Milestones

CareHarbor Assist expects to complete the following milestones in the coming months in order to ensure its success:

  • Secure Required Licenses and Certifications: Obtain all necessary state and local licenses and certifications to operate legally as a non-medical home care provider in Lancaster, PA.
  • Establish Service Protocols and Standards: Develop detailed service procedures and quality standards to ensure consistent and high-quality care across all client interactions.
  • Recruit and Train Staff: Hire qualified caregivers and administrative staff and provide comprehensive training to align them with company values, service protocols, and client handling procedures.
  • Launch Marketing Campaign: Execute a targeted marketing strategy to raise awareness and attract initial clients, leveraging local advertising, community engagement, and online platforms.
  • Launch Non-Medical Home Care Services: Officially begin offering non-medical home care services to clients in Lancaster, PA, ensuring readiness to meet client needs.
  • Build Referral Partnerships: Establish partnerships with local healthcare providers, senior centers, and community organizations to create a steady pipeline of client referrals.
  • Implement Client Feedback System: Develop a system for collecting and analyzing client feedback to continuously improve service offerings and client satisfaction.
  • Achieve $15,000 Monthly Revenue: Reach a monthly revenue target of $15,000 by expanding the client base and optimizing service delivery.
  • Develop and Launch Client Retention Programs: Introduce initiatives and programs aimed at retaining clients long-term, such as loyalty programs or specialized care packages.
  • Conduct Regular Operational Reviews: Establish a schedule for regular reviews of operations, financials, and service quality to ensure ongoing alignment with business goals and risk mitigation strategies.

 

VIII. Management Team

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

Management Team Members

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

Noah Gray, CEO

Noah Gray brings a wealth of experience to CareHarbor Assist as the Chief Executive Officer. He has a successful track record in the non-medical home care industry, having run a similar business with great success in the past. His deep understanding of the operational and strategic aspects of home care services uniquely positions him to lead CareHarbor Assist towards achieving its goals. Noah’s visionary leadership, coupled with his hands-on experience, ensures that the company is well-equipped to navigate the challenges of the industry and deliver exceptional care to its clients.

 

IX. Financial Plan

Summary

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

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues $1,483,986 $1,606,905 $1,740,005 $1,884,130 $2,040,193
Direct Expenses $660,251 $693,888 $729,238 $766,389 $805,433
Gross Profit $823,735 $913,017 $1,010,767 $1,117,740 $1,234,759
Gross Profit (%) 55.5% 56.8% 58.1% 59.3% 60.5%
Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $726,649 $812,986 $907,701 $1,011,548 $1,125,345
Depreciation $0 $0 $0 $0 $0
Amortization $0 $0 $0 $0 $0
Interest Expense $0 $0 $0 $0 $0
Income Tax Expense $0 $0 $0 $0 $0
Net Income $726,649 $812,986 $907,701 $1,011,548 $1,125,345

Funding Requirements/Use of Funds

To accomplish our growth goals, CareHarbor Assist needs $340,000 in funding. Key uses of this funding will be as follows:

Capital Investments
Location Buildout $75,000
Furniture Fixtures $30,000
Home Care Equipment $50,000
Computers Office Equipment $15,000
Non Capital Investments
Working Capital $60,000
Initial Rent Lease $18,000
Staff Salaries First 3 Months $45,000
Initial Marketing Advertising $25,000
Initial Supplies $10,000
Insurance $12,000

Financial Projections

financial projection non medical home care business plan

5 Year Annual Income Statement

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues
Revenues $1,483,986 $1,606,905 $1,740,005 $1,884,130 $2,040,193
Total Revenues $1,483,986 $1,606,905 $1,740,005 $1,884,130 $2,040,193
Direct Costs
Direct Costs $660,251 $693,888 $729,238 $766,389 $805,433
Total Direct Costs $660,251 $693,888 $729,238 $766,389 $805,433
GROSS PROFIT $823,735 $913,017 $1,010,767 $1,117,740 $1,234,759
GROSS PROFIT % 55.5% 56.8% 58.1% 59.3% 60.5%
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 $726,649 $812,986 $907,701 $1,011,548 $1,125,345
Depreciation $0 $0 $0 $0 $0
Amortization $0 $0 $0 $0 $0
EBIT $726,649 $812,986 $907,701 $1,011,548 $1,125,345
Interest Expense $0 $0 $0 $0 $0
PRETAX INCOME $726,649 $812,986 $907,701 $1,011,548 $1,125,345
Net Operating Loss $0 $0 $0 $0 $0
Use of Net Operating Loss $0 $0 $0 $0 $0
Taxable Income $726,649 $812,986 $907,701 $1,011,548 $1,125,345
Income Tax Expense $0 $0 $0 $0 $0
NET INCOME $726,649 $812,986 $907,701 $1,011,548 $1,125,345
Net Profit Margin (%) 49% 50.6% 52.2% 53.7% 55.2%

5 Year Annual Balance Sheet

FY 1 FY 2 FY 3 FY 4 FY 5
ASSETS
Cash $896,649 $1,709,636 $2,617,337 $3,628,886 $4,754,231
Other Current Assets $0 $0 $0 $0 $0
Total Current Assets $896,649 $1,709,636 $2,617,337 $3,628,886 $4,754,231
Intangible Assets $0 $0 $0 $0 $0
Acc Amortization $0 $0 $0 $0 $0
Net Intangibles $0 $0 $0 $0 $0
Fixed Assets $170,000 $170,000 $170,000 $170,000 $170,000
Accum Depreciation $0 $0 $0 $0 $0
Net fixed assets $170,000 $170,000 $170,000 $170,000 $170,000
Preliminary Exp $0 $0 $0 $0 $0
TOTAL ASSETS $1,066,649 $1,879,636 $2,787,337 $3,798,886 $4,924,231
LIABILITIES & EQUITY
Current Liabilities $0 $0 $0 $0 $0
Debt outstanding $340,000 $340,000 $340,000 $340,000 $340,000
Total Liabilities $340,000 $340,000 $340,000 $340,000 $340,000
Share Capital $0 $0 $0 $0 $0
Retained earnings $726,649 $1,539,636 $2,447,337 $3,458,886 $4,584,231
Total Equity $726,649 $1,539,636 $2,447,337 $3,458,886 $4,584,231
TOTAL LIABILITIES & EQUITY $1,066,649 $1,879,636 $2,787,337 $3,798,886 $4,924,231

5 Year Annual Cash Flow Statement

FY 1 FY 2 FY 3 FY 4 FY 5
CASH FLOW FROM OPERATIONS
Net Income (Loss) $726,649 $812,986 $907,701 $1,011,548 $1,125,345
Change in Working Capital $0 $0 $0 $0 $0
Plus Depreciation $0 $0 $0 $0 $0
Plus Amortization $0 $0 $0 $0 $0
Net Cash Flow from Operations $726,649 $812,986 $907,701 $1,011,548 $1,125,345
CASH FLOW FROM INVESTMENTS
Fixed Assets ($170,000) $0 $0 $0 $0
Intangible Assets $0 $0 $0 $0 $0
Net Cash Flow from Investments ($170,000) $0 $0 $0 $0
CASH FLOW FROM FINANCING
Cash from Equity $0 $0 $0 $0 $0
Cash from Debt financing $340,000 $0 $0 $0 $0
Net Cash Flow from Financing $340,000 $0 $0 $0 $0
Net Cash Flow $896,649 $812,986 $907,701 $1,011,548 $1,125,345
Cash at Beginning of Period $0 $896,649 $1,709,636 $2,617,337 $3,628,886
$896,649 $1,709,636 $2,617,337 $3,628,886 $4,754,231

 

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