If you’re looking to create a skate shop 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 skate shop businesses. Below is an example of a business plan for a skate shop business.
Skate Shop Business Plan Example
Below is our skate shop business plan template and sample plan created using our free ai business plan generator:
I. Executive Summary
Company Overview
At GlideMaster Skate Shop, based in Columbus, IN, we are excited to introduce a fresh and much-needed addition to the local skateboarding scene. Our business is the first of its kind in the area, offering high-quality skateboards, protective gear, skate shoes, apparel, and accessories for skateboarders of all levels. Our commitment to quality products and exceptional service is designed to establish us as the preferred destination for the skateboarding community in Columbus. With a strategic location and an inviting shop environment, we aim to create a hub where skaters can find everything they need to pursue their passion.
Success Factors
Our unique position in the Columbus market is supported by several key factors that set us apart. The founder’s extensive experience in running a successful skate shop provides us with invaluable insights and a solid foundation for success. Our focus on a comprehensive product range that caters to both the sporting and lifestyle aspects of skateboarding differentiates us from competitors. Since our establishment in January 2024, we have achieved significant milestones, including the development of our branding, securing a prime location, and laying down a strong operational framework, all of which position GlideMaster Skate Shop as a leader in the local skateboarding retail sector.
Industry Analysis
The Skate Shop industry in the United States is experiencing robust growth, currently valued at approximately $2.5 billion with projections to reach $3.1 billion by 2025. This growth is fueled by the increasing popularity of skateboarding and a rising demand for related gear and apparel. Notably, the shift towards online sales and the demand for eco-friendly products represent significant opportunities for GlideMaster Skate Shop. By enhancing our online presence and offering sustainable skateboarding products, we are well-positioned to tap into these growing trends, extending our reach beyond Columbus, IN, and setting us apart from competitors in the thriving skate shop market.
Customer Analysis
Our primary audience includes young adults and teenagers within the Columbus area who share a passion for skateboarding, alongside parents seeking safe and quality equipment for their children, and adult skateboarders looking for high-performance gear. We aim to cater to this diverse customer base by offering a wide range of products and fostering a sense of community through events and workshops. Our engagement with local schools and organizations will further expand our reach and contribute to a loyal following. By understanding and addressing the specific needs of these groups, we are committed to becoming the go-to skate shop in Columbus.
Competitive Analysis
GlideMaster Skate Shop faces competition from Meijer, Rhett Skateboarding, and Solace Skateshop in Columbus, IN. While Meijer offers a broad product range and competitive prices, they lack specialized skateboarding expertise. Rhett Skateboarding caters to professional skaters with premium products but has a limited product range. Solace Skateshop focuses on quality and customer service but faces challenges with pricing and location. Our comprehensive selection, expert staff, and community-focused approach provide us with a competitive advantage, positioning GlideMaster as the preferred destination for skateboarding enthusiasts in the area.
Marketing Plan
At GlideMaster Skate Shop, our marketing strategy encompasses a wide range of products and services at competitive prices, along with a dynamic promotion plan. We leverage social media, SEO, PPC, and email marketing to connect with our audience, complemented by local events and partnerships that foster community engagement. Our collaborations with local influencers and traditional marketing efforts aim to enhance our visibility and attract a broad customer base. This multifaceted approach ensures that we effectively reach and serve the skateboarding community in Columbus, IN.
Operations Plan
Our operations plan includes maintaining a clean and welcoming store environment, managing inventory, providing excellent customer service, and organizing community events. Daily tasks such as opening and closing procedures, inventory checks, and sales transactions are critical for smooth operation. We also emphasize online sales management and customer feedback monitoring to ensure satisfaction and loyalty. Achieving milestones like securing a prime location and implementing a marketing strategy will ensure GlideMaster Skate Shop’s success and growth in the Columbus market.
Management Team
Under the leadership of CEO Amira Clark, GlideMaster Skate Shop benefits from a wealth of industry knowledge and experience. Amira’s previous success in the skate shop sector and her passion for skate culture are instrumental in guiding our business towards achieving our vision. Her strategic approach and commitment to fostering a customer-centric environment are key to our management team’s ability to execute our business plan effectively and drive sustained growth.
Financial Plan
To reach our growth goals, GlideMaster Skate Shop requires $167,000 in funding. This investment will be allocated towards capital investments such as location buildout and equipment, as well as operational costs including initial rent, staff salaries, marketing, and supplies. With this financial plan in place, we aim to establish GlideMaster Skate Shop as the leading destination for skateboarding enthusiasts in Columbus, IN, ensuring our financial stability and profitability.
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 | $2,411,478 | $2,611,221 | $2,827,509 | $3,061,712 | $3,315,315 |
| Direct Expenses | $1,100,419 | $1,156,480 | $1,215,397 | $1,277,316 | $1,342,389 |
| Gross Profit | $1,311,059 | $1,454,741 | $1,612,111 | $1,784,396 | $1,972,925 |
| Gross Profit (%) | 54.4% | 55.7% | 57% | 58.3% | 59.5% |
| Other Expenses | $97,085 | $100,030 | $103,065 | $106,192 | $109,414 |
| EBITDA | $1,213,973 | $1,354,710 | $1,509,046 | $1,678,203 | $1,863,510 |
| Depreciation | $17,000 | $17,000 | $17,000 | $17,000 | $17,000 |
| Amortization | $0 | $0 | $0 | $0 | $0 |
| Interest Expense | $16,700 | $16,700 | $16,700 | $16,700 | $16,700 |
| Income Tax Expense | $413,095 | $462,353 | $516,371 | $575,576 | $640,433 |
| Net Income | $767,178 | $858,656 | $958,975 | $1,068,927 | $1,189,376 |
II. Company Overview
GlideMaster Skate Shop is a new Skate Shop serving customers in Columbus, IN. We are a local skate shop business. There are no high quality local skate shop businesses in the area, making us a unique and much-needed addition to the community. Our commitment to quality products and exceptional service is at the heart of everything we do, aiming to become the go-to destination for all skateboarding needs in Columbus.
At GlideMaster Skate Shop, our product line is carefully selected to cater to the needs and preferences of skateboarders of all levels. Our range includes high-quality skateboards that are perfect for both beginners and experienced skaters. We understand the importance of safety in this sport, which is why we offer a wide variety of protective gear, including helmets, knee pads, and elbow pads. For those looking to complete their skateboarding look, we provide an array of skate shoes and skate apparel that combines style with functionality. Additionally, we stock a selection of accessories to enhance the skateboarding experience for our customers.
Based in Columbus, IN, GlideMaster Skate Shop is strategically located to serve the local skateboarding community. Our shop is designed to be inviting and accessible, creating an environment where skaters can feel at home, discuss their needs, and find products that best suit their skateboarding lifestyle.
GlideMaster Skate Shop is uniquely qualified to succeed for several reasons. Firstly, our founder brings a wealth of experience from previously running a successful skate shop business. This experience has provided us with invaluable insights into the industry, customer preferences, and the keys to creating a thriving retail environment. Additionally, we focus on catering to the needs of skateboarders by offering both the necessary equipment for the sport and the lifestyle apparel associated with it, setting us apart from our competition. Our comprehensive approach to serving the skateboarding community positions us as a leader in the local market.
Since our founding on January 4, 2024, GlideMaster Skate Shop has made significant strides as a business. Structured as an S Corporation, we have achieved several key milestones in a relatively short period. We have successfully designed our logo, developed our company name, and secured a great location for our shop. These accomplishments lay a solid foundation for our business and reflect our commitment to establishing GlideMaster Skate Shop as a premier destination for skateboarding enthusiasts in Columbus, IN.
III. Industry Analysis
The Skate Shop industry in the United States is a thriving market with a current size of approximately $2.5 billion. With an expected annual growth rate of 3.7%, the market is projected to reach $3.1 billion by 2025. This growth can be attributed to the increasing popularity of skateboarding as a recreational activity and the growing demand for skateboarding equipment and apparel.
One of the key trends in the Skate Shop industry is the rise of online sales. With more consumers opting to shop online for convenience and a wider selection of products, online skate shops are experiencing significant growth. This trend bodes well for GlideMaster Skate Shop, as it provides an opportunity to reach a larger customer base beyond Columbus, IN. By establishing a strong online presence, GlideMaster Skate Shop can tap into this growing market and increase its revenue potential.
Another trend in the Skate Shop industry is the focus on sustainability and eco-friendly products. Consumers are becoming more conscious of their environmental impact and are seeking products that are made from sustainable materials. GlideMaster Skate Shop can capitalize on this trend by offering a range of eco-friendly skateboarding products, appealing to environmentally-conscious customers and setting itself apart from competitors. By staying ahead of industry trends and catering to evolving consumer preferences, GlideMaster Skate Shop is well-positioned for success in the thriving Skate Shop market.
IV. Customer Analysis
Below is a description of our target customers and their core needs.
Target Customers
We will target local residents, specifically focusing on young adults and teenagers who are passionate about skateboarding. This demographic is typically aged between 13 to 25 years and is highly engaged in the skateboarding community. By offering a wide range of skateboards, gear, and apparel, we will attract these young enthusiasts who are looking for high-quality products and a sense of community.
Our shop will also attract parents who are looking to purchase skateboarding equipment for their children. This segment will be drawn to our knowledgeable staff and our commitment to safety and quality. By offering beginner-friendly gear and safety equipment, we will cater to this important customer base.
Additionally, we will target adult skateboarders and hobbyists who continue to skate as a recreational activity. This group often looks for specialized equipment and high-performance gear. By stocking premium brands and offering customization options, we will meet the needs of these dedicated skaters.
We will also engage with local schools and community organizations to promote skateboarding as a healthy and fun activity. By hosting events and workshops, we will build strong relationships within the community. This will further expand our customer base and foster a loyal following.
Customer Needs
GlideMaster Skate Shop provides high-quality skateboard products to residents who desire superior performance and durability. Customers can expect a diverse selection of skateboards, parts, and accessories, ensuring that all their skating needs are met under one roof. Additionally, we offer products from reputable brands to guarantee reliability and customer satisfaction.
Beyond just products, customers benefit from expert advice and personalized service, helping them choose the right gear suited to their skill level and skating style. Our knowledgeable staff can guide beginners through the basics while also catering to the specific needs of advanced skaters. This personalized attention fosters a community atmosphere where skaters feel valued and supported.
We also address the need for a local hub where skaters can gather, share experiences, and build connections. By hosting events, workshops, and competitions, we provide a space for skaters to improve their skills and enjoy the social aspect of the sport. This community-focused approach enhances the overall customer experience and fosters long-term loyalty.
V. Competitive Analysis
Direct Competitors
Meijer
Meijer offers a wide range of products, including skateboards, protective gear, and skating accessories. They also provide clothing and footwear suitable for skating enthusiasts. Their price points vary, typically ranging from budget-friendly options to mid-range products.
Meijer generates significant revenue due to its extensive product range and customer base. They have multiple locations across the Midwest, including a prominent store in Columbus, IN. Meijer serves a broad customer segment, including families, casual skaters, and budget-conscious shoppers.
Meijer’s key strengths include its extensive product range, competitive pricing, and strong brand recognition. However, their weaknesses include a lack of specialized skateboarding expertise and limited premium product offerings.
Rhett Skateboarding
Rhett Skateboarding specializes in high-quality skateboards, custom decks, and advanced skating gear. They also offer skating apparel and footwear designed for serious skaters. Their price points are generally higher, reflecting the premium quality of their products.
Rhett Skateboarding generates moderate revenue, focusing on niche markets and dedicated skating enthusiasts. They operate a single store in Columbus, IN, catering specifically to the local skateboarding community. Their primary customer segments include professional skaters and serious hobbyists.
Rhett Skateboarding’s key strengths are their specialized product offerings, knowledgeable staff, and strong community connections. Their weaknesses include higher price points and a smaller product range compared to larger retailers.
Solace Skateshop
Solace Skateshop offers a variety of skateboards, longboards, and skating accessories. They also provide maintenance services and custom deck designs. Their price points range from mid-level to premium, catering to different levels of skaters.
Solace Skateshop has moderate to high revenue, supported by a loyal customer base and a focus on quality products. They are located in Columbus, IN, and serve both local and regional customers. Solace Skateshop targets a diverse customer segment, including young skaters, hobbyists, and experienced riders.
Solace Skateshop’s strengths include their personalized customer service, high-quality products, and community involvement. However, their weaknesses are higher prices and limited locations, which may restrict their reach.
Competitive Advantages
At GlideMaster Skate Shop, we pride ourselves on catering to the unique needs of skateboarders, offering a comprehensive selection of both high-quality equipment and lifestyle apparel. Unlike our competitors, we understand that skateboarding is not just a sport but a culture and way of life. This understanding allows us to curate a product range that includes top-tier skateboards, wheels, trucks, and protective gear, as well as the latest in skate-inspired fashion. Our inventory is carefully selected to ensure that our customers can find everything they need in one place, making us a one-stop shop for all things skateboarding.
We also emphasize customer experience by offering personalized service and expert advice from staff who are passionate about skateboarding themselves. This insider knowledge enables us to provide tailored recommendations, helping customers make informed decisions about their purchases. Additionally, our shop fosters a sense of community by hosting events, workshops, and skateboarding clinics, which not only enhance customer loyalty but also position us as a hub for local skateboarders. Our commitment to quality, coupled with our deep understanding of the skateboarding culture and community, gives us a significant edge over other shops in the area.
VI. Marketing Plan
Our marketing plan, included below, details our products/services, pricing and promotions plan.
Products, Services & Pricing
GlideMaster Skate Shop offers a diverse selection of products and services tailored to skateboarding enthusiasts. The key offerings include skateboards, protective gear, skate shoes, skate apparel, and various accessories, each priced to cater to different budgets and preferences.
Skateboards form the core of GlideMaster’s product lineup, with a variety of options ranging from beginner boards to professional-grade setups. Customers can choose from complete skateboards or customize their own by selecting decks, trucks, wheels, and bearings. The average selling price for a complete skateboard is around $150, while individual components vary in price, typically ranging from $40 for decks to $25 for wheels.
Protective gear is essential for safe skateboarding, and the shop offers a comprehensive range of helmets, knee pads, elbow pads, and wrist guards. Brands known for their durability and safety standards are featured prominently. The average cost for a complete set of protective gear is approximately $70, but individual items can be purchased separately, with helmets averaging $45 and knee pads around $20.
Skate shoes are another key product, designed specifically to withstand the wear and tear of skateboarding while providing comfort and support. GlideMaster stocks popular brands that are well-regarded in the skating community. Prices for skate shoes typically range from $60 to $120, depending on the brand and model.
Skate apparel at GlideMaster includes a variety of clothing items such as t-shirts, hoodies, and shorts that appeal to skaters’ fashion sensibilities. The shop collaborates with both well-known skate brands and local designers to offer unique and stylish options. The average price for a t-shirt is $25, while hoodies are generally priced around $50.
Accessories are also an important part of the product mix, including items like skate tools, backpacks, stickers, and grip tape. These essential and complimentary items enhance the skateboarding experience and range in price from $5 for stickers to $30 for high-quality skate tools. Grip tape is typically priced at $10 per sheet, providing an affordable way to customize and maintain skateboards.
GlideMaster Skate Shop aims to provide a comprehensive shopping experience for skaters of all levels, with products and services tailored to meet their needs and preferences. By offering a wide range of high-quality products at competitive prices, the shop strives to be a go-to destination for the skating community.
Promotions Plan
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 GlideMaster Skate Shop, there are several key day-to-day operational processes that we will perform:
- Open and close the store according to established hours, ensuring the shop is ready for customers at the beginning of the day and properly secured at the end.
- Maintain a clean, organized, and visually appealing shop environment, including regular cleaning, organizing displays, and restocking shelves.
- Conduct daily inventory checks to ensure adequate stock levels of skateboards, accessories, and apparel, placing orders for new stock as needed.
- Offer knowledgeable and friendly customer service, assisting customers with product selection, sizing, and any questions they may have about skateboarding.
- Process sales transactions efficiently and accurately, handling cash, credit, and digital payments while maintaining a balanced cash register.
- Manage online sales and orders, ensuring timely shipping and handling of products purchased through the shop’s website or other online platforms.
- Organize and host in-store events, such as skateboarding clinics, product demonstrations, and community meet-ups to engage with local customers and promote the shop.
- Monitor customer feedback and reviews to identify areas for improvement and address any issues promptly to maintain a high level of customer satisfaction.
- Engage in marketing and promotional activities, including social media updates, email campaigns, and collaboration with local influencers or skateboarding communities.
- Ensure all equipment, such as point-of-sale systems and security cameras, are functioning correctly and address any technical issues immediately.
- Train and supervise staff to ensure they are knowledgeable about products, customer service protocols, and shop policies.
- Conduct regular financial reviews, including tracking sales, expenses, and profitability to inform business decisions and strategies.
- Stay updated on industry trends and new products to keep the shop’s inventory fresh and appealing to customers.
Milestones
GlideMaster Skate Shop expects to complete the following milestones in the coming months in order to ensure its success:
- Secure a prime retail location in Columbus, IN
- Obtain necessary permits and licenses to operate the skate shop
- Design and build out the retail space to create an inviting and functional environment for customers
- Source and establish relationships with reputable suppliers for skateboards, accessories, and apparel
- Launch our skate shop with a grand opening event to attract initial customer traffic and build community awareness
- Implement a comprehensive marketing strategy, including social media campaigns, local advertising, and partnerships with local skateboarding communities
- Hire and train knowledgeable staff who are passionate about skateboarding and customer service
- Introduce a customer loyalty program to encourage repeat business and build a dedicated customer base
- Organize and host local skateboarding events and workshops to engage the community and promote the GlideMaster brand
- Achieve a consistent revenue stream of $15,000/month within the first 24 months to ensure financial stability and profitability
VIII. Management Team
Our management team has the experience and expertise to successfully execute on our business plan.
Management Team Members
GlideMaster Skate Shop management team, which includes the following members, has the experience and expertise to successfully execute on our business plan:
Amira Clark, CEO
Amira Clark brings a wealth of industry knowledge and leadership experience to GlideMaster Skate Shop. Having successfully run a skate shop in the past, Amira has demonstrated her ability to navigate the competitive landscape of the skateboarding industry. Her proven track record in managing retail operations, coupled with her passion for skate culture, positions her perfectly to lead GlideMaster toward sustained growth and innovation. Her strategic vision and ability to foster a customer-centric environment are critical assets for the shop’s success.
IX. Financial Plan
Summary
Below is an overview of our expected financial performance over the next five years:
| FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | |
|---|---|---|---|---|---|
| Revenues | $2,411,478 | $2,611,221 | $2,827,509 | $3,061,712 | $3,315,315 |
| Direct Expenses | $1,100,419 | $1,156,480 | $1,215,397 | $1,277,316 | $1,342,389 |
| Gross Profit | $1,311,059 | $1,454,741 | $1,612,111 | $1,784,396 | $1,972,925 |
| Gross Profit (%) | 54.4% | 55.7% | 57% | 58.3% | 59.5% |
| Other Expenses | $97,085 | $100,030 | $103,065 | $106,192 | $109,414 |
| EBITDA | $1,213,973 | $1,354,710 | $1,509,046 | $1,678,203 | $1,863,510 |
| Depreciation | $17,000 | $17,000 | $17,000 | $17,000 | $17,000 |
| Amortization | $0 | $0 | $0 | $0 | $0 |
| Interest Expense | $16,700 | $16,700 | $16,700 | $16,700 | $16,700 |
| Income Tax Expense | $413,095 | $462,353 | $516,371 | $575,576 | $640,433 |
| Net Income | $767,178 | $858,656 | $958,975 | $1,068,927 | $1,189,376 |
Funding Requirements/Use of Funds
To accomplish our growth goals, GlideMaster Skate Shop needs $167,000 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 and POS Systems | $5,000 |
| Non Capital Investments | |
|---|---|
| Working Capital | $30,000 |
| Initial Rent/Lease (3 months) | $9,000 |
| Staff Salaries (First 3 Months) | $25,000 |
| Initial Marketing and Advertising | $10,000 |
| Supplies | $5,000 |
| Insurance | $3,000 |
Financial Projections
5 Year Annual Income Statement
| FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
|---|---|---|---|---|---|---|
| Revenues | ||||||
| Revenues | $2,411,478 | $2,611,221 | $2,827,509 | $3,061,712 | $3,315,315 | |
| Total Revenues | $2,411,478 | $2,611,221 | $2,827,509 | $3,061,712 | $3,315,315 | |
| Direct Costs | ||||||
| Direct Costs | $1,100,419 | $1,156,480 | $1,215,397 | $1,277,316 | $1,342,389 | |
| Total Direct Costs | $1,100,419 | $1,156,480 | $1,215,397 | $1,277,316 | $1,342,389 | |
| GROSS PROFIT | $1,311,059 | $1,454,741 | $1,612,111 | $1,784,396 | $1,972,925 | |
| GROSS PROFIT % | 54.4% | 55.7% | 57% | 58.3% | 59.5% | |
| 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 | $1,213,973 | $1,354,710 | $1,509,046 | $1,678,203 | $1,863,510 | |
| Depreciation | $17,000 | $17,000 | $17,000 | $17,000 | $17,000 | |
| Amortization | $0 | $0 | $0 | $0 | $0 | |
| EBIT | $1,196,973 | $1,337,710 | $1,492,046 | $1,661,203 | $1,846,510 | |
| Interest Expense | $16,700 | $16,700 | $16,700 | $16,700 | $16,700 | |
| PRETAX INCOME | $1,180,273 | $1,321,010 | $1,475,346 | $1,644,503 | $1,829,810 | |
| Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
| Use of Net Operating Loss | $0 | $0 | $0 | $0 | $0 | |
| Taxable Income | $1,180,273 | $1,321,010 | $1,475,346 | $1,644,503 | $1,829,810 | |
| Income Tax Expense | $413,095 | $462,353 | $516,371 | $575,576 | $640,433 | |
| NET INCOME | $767,178 | $858,656 | $958,975 | $1,068,927 | $1,189,376 | |
| Net Profit Margin (%) | 31.8% | 32.9% | 33.9% | 34.9% | 35.9% |
5 Year Annual Balance Sheet
| FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Cash | $760,784 | $1,624,303 | $2,586,970 | $3,663,886 | $4,687,821 | |
| Other Current Assets | $206,992 | $224,137 | $242,703 | $255,142 | $276,276 | |
| Total Current Assets | $967,776 | $1,848,440 | $2,829,673 | $3,919,029 | $4,964,097 | |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | |
| Acc Amortization | $0 | $0 | $0 | $0 | $0 | |
| Net Intangibles | $0 | $0 | $0 | $0 | $0 | |
| Fixed Assets | $85,000 | $85,000 | $85,000 | $85,000 | $85,000 | |
| Accum Depreciation | $17,000 | $34,000 | $51,000 | $68,000 | $85,000 | |
| Net fixed assets | $68,000 | $51,000 | $34,000 | $17,000 | $0 | |
| Preliminary Exp | $0 | $0 | $0 | $0 | $0 | |
| TOTAL ASSETS | $1,035,776 | $1,899,440 | $2,863,673 | $3,936,029 | $4,964,097 | |
| LIABILITIES & EQUITY | ||||||
| Current Liabilities | $101,598 | $106,606 | $111,863 | $115,292 | $120,983 | |
| Debt outstanding | $167,000 | $167,000 | $167,000 | $167,000 | $0 | |
| Total Liabilities | $268,598 | $273,606 | $278,863 | $282,292 | $120,983 | |
| Share Capital | $0 | $0 | $0 | $0 | $0 | |
| Retained earnings | $767,178 | $1,625,834 | $2,584,809 | $3,653,737 | $4,843,113 | |
| Total Equity | $767,178 | $1,625,834 | $2,584,809 | $3,653,737 | $4,843,113 | |
| TOTAL LIABILITIES & EQUITY | $1,035,776 | $1,899,440 | $2,863,673 | $3,936,029 | $4,964,097 |
5 Year Annual Cash Flow Statement
| FY 1 | FY 2 | FY 3 | FY 4 | FY 5 | ||
|---|---|---|---|---|---|---|
| CASH FLOW FROM OPERATIONS | ||||||
| Net Income (Loss) | $767,178 | $858,656 | $958,975 | $1,068,927 | $1,189,376 | |
| Change in Working Capital | ($105,393) | ($12,137) | ($13,307) | ($9,010) | ($15,442) | |
| Plus Depreciation | $17,000 | $17,000 | $17,000 | $17,000 | $17,000 | |
| Plus Amortization | $0 | $0 | $0 | $0 | $0 | |
| Net Cash Flow from Operations | $678,784 | $863,518 | $962,667 | $1,076,916 | $1,190,934 | |
| CASH FLOW FROM INVESTMENTS | ||||||
| Fixed Assets | ($85,000) | $0 | $0 | $0 | $0 | |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | |
| Net Cash Flow from Investments | ($85,000) | $0 | $0 | $0 | $0 | |
| CASH FLOW FROM FINANCING | ||||||
| Cash from Equity | $0 | $0 | $0 | $0 | $0 | |
| Cash from Debt financing | $167,000 | $0 | $0 | $0 | ($167,000) | |
| Net Cash Flow from Financing | $167,000 | $0 | $0 | $0 | ($167,000) | |
| Net Cash Flow | $760,784 | $863,518 | $962,667 | $1,076,916 | $1,023,934 | |
| Cash at Beginning of Period | $0 | $760,784 | $1,624,303 | $2,586,970 | $3,663,886 | |
| $760,784 | $1,624,303 | $2,586,970 | $3,663,886 | $4,687,821 |
