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Esthetician Business Plan Template

Written by Dave Lavinsky

Esthetician Business Plan Template
Table of Contents
Table of Contents

Esthetician Business Plan

Below is our esthetician business plan template and sample plan created using our business plan generator.

I. Executive Summary

Company Overview

At GlowCare Esthetician, we take pride in being the newest and most comprehensive esthetician service provider in South Bend, IN. We saw an opportunity in the lack of high-quality local esthetician services and stepped in to fill this significant gap. Our offerings include a broad range of skincare and beauty services, from facial treatments and skincare products to advanced skin treatments, hair removal services, and makeup offerings. Each service is meticulously designed to meet our clients’ unique needs, using the most advanced products and techniques available today. Our mission is to not only meet but exceed our clients’ expectations, providing them with a luxurious experience that enhances their beauty and wellness. Our strategic location in South Bend ensures easy access for our clients, establishing us as a beacon of beauty and wellness in the community.

Success Factors

We are uniquely positioned for success, thanks to our founder’s extensive experience and our commitment to providing comprehensive and tailored skincare solutions. Since our inception on January 5, 2024, we have made significant strides, including developing our company name, designing our logo, and securing a prime location. These achievements, though early, are foundational to our brand and signal our future as South Bend’s leading esthetician service. Our personalized service approach and dedication to excellence in skincare and beauty solutions set us apart, ensuring client satisfaction and loyalty.

Industry Analysis

The Esthetician industry in the United States is experiencing robust growth, currently valued at $11.1 billion and projected to reach $15.2 billion by 2025. This growth is driven by an increased focus on self-care and wellness, a demand for natural and organic skincare products, and an aging population seeking anti-aging treatments. Trends such as personalized skincare regimens and the integration of advanced technologies in treatments align perfectly with GlowCare Esthetician’s offerings. Positioned in South Bend, IN, we are poised to capitalize on these industry trends, attracting a loyal customer base and establishing ourselves as a market leader.

Customer Analysis

Our primary target market includes women aged 25-45, college students from nearby universities, professionals in the local business sector, and men interested in skincare and grooming. We understand the diverse needs of these groups—from advanced skincare solutions and stress-relief treatments to beard care and acne treatments. Our strategy includes personalized services and targeted marketing efforts, such as student discounts and services tailored for men, ensuring we cater to the unique needs of each segment effectively.

Competitive Analysis

GlowCare Esthetician faces competition from New You Oasis, Michiana Skin & Acne Center, and Therapeutic Indulgence. Each competitor offers a range of services with their strengths and weaknesses. Our competitive advantage lies in our comprehensive, personalized skincare and beauty solutions, advanced treatment options, and a welcoming environment. Our focus on continuous education and cutting-edge technology ensures our clients receive the best possible care, setting us apart in the South Bend market.

Marketing Plan

Our marketing plan encompasses a wide range of services and products, priced competitively to meet the needs of our diverse clientele. From facial treatments and skincare products to advanced skin treatments and makeup services, we aim for the highest standards of customer satisfaction. Promotional efforts will be multi-faceted, including a strong online presence, social media engagement, email marketing, influencer collaborations, community involvement, referral programs, and traditional advertising. These strategies, combined with our focus on quality and customer service, will ensure we attract and retain clients in the competitive South Bend market.

Operations Plan

Our operations plan ensures efficient day-to-day management, including client scheduling, stringent sanitization protocols, inventory management, and high-quality service delivery. Key milestones include securing a suitable location, obtaining necessary permits, completing facility setup, hiring and training staff, and launching targeted marketing campaigns. By focusing on client satisfaction, regulatory compliance, and continuous improvement, we aim to establish GlowCare Esthetician as the premier esthetician service in South Bend, achieving our goal of $15,000 monthly revenue and building a loyal customer base.

Management Team

Under the experienced leadership of Aurora Davis, our CEO, GlowCare Esthetician boasts a management team with the expertise necessary to achieve our business goals. Aurora’s background in successfully running an esthetician business provides us with a solid foundation for growth and success. Her industry knowledge and leadership skills are instrumental in guiding our team towards providing exceptional service and achieving sustained growth.

Financial Plan

To achieve our growth objectives, GlowCare Esthetician requires $160,000 in funding. This investment will be allocated towards capital expenses such as location buildout, equipment, and initial operating costs including staff salaries, marketing, and insurance. With this financial plan, we are poised to establish a strong market presence, attract and serve our target customer base, and achieve long-term financial success.

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 $1,100,419 $1,156,480 $1,215,397 $1,277,316 $1,342,389
Gross Profit $1,867,554 $2,057,330 $2,264,614 $2,490,945 $2,737,997
Gross Profit (%) 62.9% 64% 65.1% 66.1% 67.1%
Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $1,770,468 $1,957,300 $2,161,548 $2,384,752 $2,628,583
Depreciation $19,400 $19,400 $19,400 $19,400 $19,400
Amortization $0 $0 $0 $0 $0
Interest Expense $16,000 $16,000 $16,000 $16,000 $16,000
Income Tax Expense $607,274 $672,665 $744,151 $822,273 $907,614
Net Income $1,127,794 $1,249,235 $1,381,996 $1,527,079 $1,685,569

 

II. Company Overview

GlowCare Esthetician is a new Esthetician serving customers in South Bend, IN. We are a local esthetician. There are no high quality local esthetician in the area. Our presence here marks a significant step towards filling this gap, offering unparalleled esthetic services tailored to meet the unique needs of our clients. Our commitment to excellence and personalized care sets us apart, making us a beacon of beauty and wellness in South Bend.

At GlowCare Esthetician, we offer a comprehensive range of services designed to cater to all your skincare and beauty needs. Our offerings include facial treatments, skincare products, hair removal services, advanced skin treatments, and makeup services and products. Each service is carefully curated to ensure we provide the highest quality care, using the latest techniques and products in the industry. Our aim is not just to meet but to exceed our clients’ expectations, providing them with a luxurious experience that leaves them feeling and looking their best.

Based in South Point, IN, GlowCare Esthetician serves customers within this vibrant community and its surroundings. Our location is strategically chosen to be accessible, ensuring that you can easily find us whenever you need our services. Whether you’re looking for a routine skincare treatment or a more specialized service, we are here to cater to your needs with professionalism and care.

GlowCare Esthetician is uniquely qualified to succeed for several reasons. Firstly, our founder brings invaluable experience from previously running a successful esthetician business. This experience is a cornerstone of our operations, guiding our strategies and ensuring we offer unmatched services. Additionally, we stand out from the competition by providing more comprehensive skincare and beauty solutions. We understand that each client’s needs and preferences are unique, and we tailor our services accordingly to ensure maximum satisfaction.

Since our founding on January 5, 2024, as a C Corporation, we have achieved several milestones that we are particularly proud of. We’ve designed our logo, developed our company name, and found a great location. These accomplishments, though seemingly small, are significant steps towards establishing our brand and positioning ourselves as a leading esthetician in South Bend. Our legal structure and the progress we’ve made to date lay a solid foundation for our future growth and success.

 

III. Industry Analysis

The Esthetician industry in the United States is currently booming, with an estimated market size of $11.1 billion. This figure includes revenue generated from a variety of services offered by Estheticians, such as facials, waxing, and skincare treatments. With an increasing focus on self-care and wellness, more and more people are turning to Estheticians to help them look and feel their best.

Market research indicates that the Esthetician industry is expected to continue growing at a steady pace in the coming years. By 2025, the market size is projected to reach $15.2 billion, representing a compound annual growth rate of 5.2%. This growth can be attributed to factors such as the aging population, who are seeking anti-aging treatments, as well as the rising popularity of natural and organic skincare products.

Trends in the Esthetician industry, such as the increasing demand for personalized skincare regimens and the adoption of advanced technologies in treatments, bode well for GlowCare Esthetician in South Bend, IN. By staying ahead of these trends and offering innovative services, GlowCare Esthetician has the opportunity to attract a loyal customer base and establish itself as a leader in the local market. With the industry’s positive growth outlook, GlowCare Esthetician is well-positioned to capitalize on the increasing demand for professional skincare services.

 

IV. Customer Analysis

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

Target Customers

We will target local residents who prioritize skincare and wellness, ensuring personalized and high-quality treatments. Our primary demographic will include women aged 25-45, who are often seeking advanced skincare solutions to maintain a youthful appearance and address specific skin concerns. This group will benefit from our specialized facials, anti-aging treatments, and customized skincare regimens.

We will also focus on college students from nearby universities, including the University of Notre Dame, who are looking for affordable yet effective skincare services. These younger clients will appreciate our acne treatments, hydration facials, and educational skincare advice. By offering student discounts and packages, we will build a loyal customer base within this segment.

Professionals working in South Bend’s growing business sector will be another key target for us, as they often seek stress-relief and rejuvenation services. Our comprehensive range of services, including relaxing facials and stress-relief treatments, will cater to their needs and provide a much-needed escape from their hectic schedules. We will offer convenient appointment times to accommodate their busy lives.

We will tailor our services to meet the needs of men who are becoming increasingly interested in skincare and grooming. By offering specialized treatments like beard care, exfoliation, and hydration facials, we will attract male clients who are keen on maintaining their appearance. A marketing strategy focusing on the benefits of skincare for men will be essential in reaching this demographic.

Customer Needs

Customers seek high-quality services to enhance their skin health and beauty. They desire treatments that are both effective and tailored to their specific skin types and conditions. GlowCare Esthetician meets these needs with personalized skincare plans and advanced techniques.

Clients expect a relaxing and rejuvenating experience during their visits. They look for a clean, comfortable, and inviting environment where they can unwind. GlowCare Esthetician creates an atmosphere that promotes relaxation and well-being.

Many customers are concerned about the safety and efficacy of the products used on their skin. They prefer estheticians who use high-quality, clinically-tested, and natural products. GlowCare Esthetician ensures the use of premium skincare products that are safe and effective.

Accessibility and convenience are crucial for busy customers. They appreciate flexible scheduling options and convenient appointment booking processes. GlowCare Esthetician offers online booking and extended hours to accommodate various schedules.

Clients value professional and knowledgeable staff who can provide expert advice and education on skincare. They seek guidance on maintaining their skin health at home. GlowCare Esthetician’s team of skilled estheticians provides insightful consultations and personalized skincare routines.

 

V. Competitive Analysis

Direct Competitors

GlowCare Esthetician’s competitors include the following companies:

New You Oasis

New You Oasis offers a wide range of services including facials, chemical peels, microdermabrasion, and laser treatments. Their price points range from $50 for basic facials to $300 for advanced laser treatments. They generate an estimated annual revenue of $500,000.

New You Oasis is located in downtown South Bend, IN. Their customer segments include young professionals, middle-aged women, and bridal parties. They primarily serve the South Bend metropolitan area.

Key strengths include a highly trained staff and advanced treatment options. Weaknesses involve higher price points compared to local competitors and limited parking availability at their downtown location.

Michiana Skin & Acne Center

Michiana Skin & Acne Center specializes in treating acne and other skin conditions. They offer services like acne facials, blue light therapy, and medical-grade skincare products. Prices range from $75 for acne facials to $200 for specialized treatments. They have an estimated annual revenue of $300,000.

Located in a suburban area of South Bend, IN, Michiana Skin & Acne Center caters to teenagers, young adults, and individuals with chronic skin issues. They serve customers from South Bend and the surrounding Michiana region.

Key strengths include specialized treatments and a strong focus on dermatological care. Weaknesses include a narrower range of services and a less luxurious ambiance compared to competitors.

Therapeutic Indulgence

Therapeutic Indulgence offers services such as therapeutic massage, facials, body wraps, and holistic treatments. Their price points vary from $60 for basic massages to $250 for comprehensive spa packages. They generate an estimated annual revenue of $400,000.

Located in a serene neighborhood in South Bend, IN, they attract a diverse customer base including stressed professionals, athletes, and wellness enthusiasts. They serve the South Bend area and nearby communities.

Key strengths include a relaxing environment and a wide array of holistic treatments. Weaknesses involve limited focus on advanced esthetic procedures and slightly higher prices for spa packages.

Competitive Advantages

GlowCare Esthetician enjoys several competitive advantages that set us apart in the market. Our primary strength lies in offering more comprehensive skincare and beauty solutions tailored to our clients’ needs and preferences, which differentiates us from our competitors. By conducting personalized consultations, we ensure that every treatment plan is customized to address the unique skin conditions and aesthetic goals of each client. This personalized approach not only enhances client satisfaction but also fosters long-term client relationships and loyalty.

Additionally, our commitment to continuous education and the use of cutting-edge technology ensures that our clients receive the most advanced and effective treatments available. Our estheticians are trained in the latest skincare techniques and trends, which allows us to provide innovative and high-quality services. Furthermore, our welcoming and relaxing environment creates an exceptional client experience, making our services not just a routine appointment but a rejuvenating escape. These factors combined position GlowCare Esthetician as a premier choice for skincare and beauty services in our area.

VI. Marketing Plan

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

Products, Services & Pricing

GlowCare Esthetician offers a comprehensive range of products and services tailored to meet the diverse skincare needs of its clientele. One of the cornerstone offerings includes Facial Treatments. These treatments cater to various skin types and concerns, such as acne, aging, and hydration. The average price for facial treatments is $70, which includes deep cleansing, exfoliation, and customized masks.

In addition to facial treatments, GlowCare provides an array of Skincare Products designed to enhance and maintain skin health. Clients can choose from high-quality cleansers, toners, serums, and moisturizers. The average cost of these products ranges from $25 to $100, depending on the specific formulation and brand.

Hair Removal Services are another key offering. These services include waxing, threading, and laser hair removal, catering to both men and women. The average price for waxing services is $50, while laser hair removal sessions typically cost around $150 per session. Threading services are available at an average price of $20 per session.

Advanced Skin Treatments represent a specialized segment of GlowCare’s services. These treatments include chemical peels, microdermabrasion, and microneedling, aimed at addressing more complex skin issues. Clients can expect to pay an average of $120 for chemical peels and $130 for microdermabrasion sessions. Microneedling treatments are priced at approximately $200 per session.

Makeup Services and Products round out the offerings, providing clients with professional makeup application for special occasions, as well as a selection of premium makeup products. Makeup application services are available at an average price of $60, while makeup products, such as foundations, lipsticks, and eyeshadows, range from $15 to $50 each.

Each of these services and products is designed to provide clients with a holistic approach to skincare and beauty, ensuring that GlowCare Esthetician meets the highest standards of customer satisfaction.

Promotions Plan

GlowCare Esthetician will employ a variety of promotional methods and tactics to attract customers. One of the primary strategies involves a robust online marketing presence. We will create a visually appealing and user-friendly website that highlights our services, customer testimonials, and special promotions. By investing in search engine optimization (SEO), we will ensure our website ranks high on search engines, making it easier for potential customers to find us.

Social media marketing will play a significant role in our promotional efforts. We will maintain active profiles on platforms such as Facebook, Instagram, and Twitter, where we will share engaging content, beauty tips, and special offers. By utilizing targeted ads, we will reach a broader audience in South Bend and encourage them to visit our establishment.

Email marketing will also be a key component of our strategy. We will build an email list through our website and in-store sign-ups, sending out regular newsletters with exclusive discounts, informative articles, and updates about new services. This will help us maintain a connection with our customers and keep them informed about what we have to offer.

We will collaborate with local influencers and beauty bloggers to increase our visibility and credibility. By inviting them to experience our services and share their reviews, we will tap into their follower base and attract new clients. Additionally, we will participate in local events and sponsor community activities, creating a positive brand association and increasing our local presence.

Referral programs will be another effective tactic to draw in customers. We will offer incentives for existing clients to refer friends and family, such as discounts on future services or complimentary treatments. This will encourage word-of-mouth marketing, which is one of the most trusted forms of promotion.

GlowCare Esthetician will also invest in traditional advertising methods such as print ads in local magazines and newspapers, as well as radio spots. These methods will help us reach a demographic that might not be as active online but is still interested in our services.

To ensure our promotional strategies are effective, we will continuously monitor and analyze the results, making necessary adjustments to improve our outreach and engagement. By employing a mix of online marketing, social media, email campaigns, influencer collaborations, community involvement, referral programs, and traditional advertising, GlowCare Esthetician will successfully attract a diverse customer base in South Bend, IN.

 

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 GlowCare Esthetician, there are several key day-to-day operational processes that we will perform:

  • Client Scheduling and Management: Utilize a digital booking system to manage appointments efficiently. Ensure confirmation and reminder messages are sent to clients to reduce no-shows.
  • Sanitization and Cleanliness: Maintain a strict sanitization protocol for all tools, equipment, and treatment areas to comply with health and safety regulations.
  • Inventory Management: Regularly check and restock essential supplies such as skincare products, gloves, and towels. Monitor inventory levels to avoid stockouts or overstocking.
  • Client Consultation: Conduct thorough consultations with each client to understand their skincare needs and preferences. Keep detailed records of client history and treatment plans.
  • Service Delivery: Provide high-quality esthetician services including facials, waxing, and other skincare treatments. Ensure each service is tailored to the client’s needs.
  • Customer Service: Offer excellent customer service before, during, and after appointments. Address any client concerns or feedback promptly and professionally.
  • Financial Management: Manage daily financial transactions, including processing payments and updating financial records. Ensure accurate and timely reporting of revenue and expenses.
  • Marketing and Promotion: Actively promote services through social media, email marketing, and local advertising. Develop and execute promotional campaigns to attract new clients.
  • Staff Training and Development: Provide ongoing training for staff to ensure they are up-to-date with the latest skincare techniques and products. Foster a culture of continuous improvement and professional development.
  • Regulatory Compliance: Stay informed about local and state regulations governing esthetician services. Ensure all licenses and certifications are current and comply with legal requirements.
  • Technology Utilization: Implement and maintain software solutions for booking, client management, and financial tracking. Leverage technology to streamline operations and enhance client experience.
  • Feedback and Improvement: Collect client feedback regularly to identify areas for improvement. Implement changes based on feedback to continuously enhance service quality.

Milestones

GlowCare Esthetician expects to complete the following milestones in the coming months in order to ensure its success:

  • Secure a Suitable Location: Identify and lease a prime location in South Bend, IN, that has high visibility, accessibility, and ample parking for clients.
  • Obtain Necessary Permits and Licenses: Ensure that all required business licenses, health permits, and certifications are obtained to legally operate the esthetician services.
  • Renovate and Equip the Facility: Complete the setup of the esthetician studio with high-quality treatment rooms, waiting areas, and professional-grade equipment.
  • Hire and Train Staff: Recruit skilled estheticians and support staff, and provide comprehensive training on company protocols, customer service, and safety standards.
  • Launch Our Esthetician: Officially open the business with a well-coordinated launch event, including promotions and partnerships to attract initial customers.
  • Implement Marketing Strategies: Execute targeted marketing campaigns through social media, local advertising, and partnerships to build brand awareness and attract clients.
  • Build a Strong Online Presence: Develop a professional website and active social media profiles to facilitate online bookings, customer engagement, and reviews.
  • Achieve $15,000/Month in Revenue: Implement customer retention strategies, upselling, and referral programs to reach and maintain a monthly revenue target of $15,000.
  • Establish a Loyal Customer Base: Focus on delivering exceptional customer service and building relationships with clients to encourage repeat business and word-of-mouth referrals.
  • Monitor and Optimize Operations: Regularly review business performance, gather customer feedback, and make necessary adjustments to services, pricing, and operations to ensure continuous improvement and growth.

 

VIII. Management Team

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

Management Team Members

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

Aurora Davis, CEO

Aurora Davis brings a proven track record of success in the esthetician industry to her role as CEO of GlowCare Esthetician. With a history of successfully running an esthetician business in the past, Aurora possesses a deep understanding of the operational and strategic elements required to lead a thriving esthetician practice. Her leadership skills and industry knowledge are critical assets that will drive GlowCare Esthetician toward achieving its long-term goals and sustained growth.

 

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 $1,100,419 $1,156,480 $1,215,397 $1,277,316 $1,342,389
Gross Profit $1,867,554 $2,057,330 $2,264,614 $2,490,945 $2,737,997
Gross Profit (%) 62.9% 64% 65.1% 66.1% 67.1%
Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $1,770,468 $1,957,300 $2,161,548 $2,384,752 $2,628,583
Depreciation $19,400 $19,400 $19,400 $19,400 $19,400
Amortization $0 $0 $0 $0 $0
Interest Expense $16,000 $16,000 $16,000 $16,000 $16,000
Income Tax Expense $607,274 $672,665 $744,151 $822,273 $907,614
Net Income $1,127,794 $1,249,235 $1,381,996 $1,527,079 $1,685,569

Funding Requirements/Use of Funds

To accomplish our growth goals, GlowCare Esthetician needs $160,000 in funding. Key uses of this funding will be as follows:

Capital Investments
Location Buildout $50,000
Furniture $10,000
Equipment $20,000
Machines $15,000
Computers $2,000
Non Capital Investments
Working Capital $20,000
Initial Rent/Lease $3,000
Staff Salaries (First 3 Months) $30,000
Initial Marketing and Advertising $5,000
Supplies $2,000
Insurance $3,000

Financial Projections

financial projection esthetician 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 $1,100,419 $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 $1,867,554 $2,057,330 $2,264,614 $2,490,945 $2,737,997
GROSS PROFIT % 62.9% 64% 65.1% 66.1% 67.1%
Other Expenses
Salaries $72,814 $75,023 $77,299 $79,644 $82,060
Marketing Expenses $6,067 $6,251 $6,441 $6,637 $6,838
Rent/Utility Expenses $6,067 $6,251 $6,441 $6,637 $6,838
Other Expenses $12,135 $12,503 $12,883 $13,274 $13,676
Total Other Expenses $97,085 $100,030 $103,065 $106,192 $109,414
EBITDA $1,770,468 $1,957,300 $2,161,548 $2,384,752 $2,628,583
Depreciation $19,400 $19,400 $19,400 $19,400 $19,400
Amortization $0 $0 $0 $0 $0
EBIT $1,751,068 $1,937,900 $2,142,148 $2,365,352 $2,609,183
Interest Expense $16,000 $16,000 $16,000 $16,000 $16,000
PRETAX INCOME $1,735,068 $1,921,900 $2,126,148 $2,349,352 $2,593,183
Net Operating Loss $0 $0 $0 $0 $0
Use of Net Operating Loss $0 $0 $0 $0 $0
Taxable Income $1,735,068 $1,921,900 $2,126,148 $2,349,352 $2,593,183
Income Tax Expense $607,274 $672,665 $744,151 $822,273 $907,614
NET INCOME $1,127,794 $1,249,235 $1,381,996 $1,527,079 $1,685,569
Net Profit Margin (%) 38% 38.9% 39.7% 40.5% 41.3%

5 Year Annual Balance Sheet

FY 1 FY 2 FY 3 FY 4 FY 5
ASSETS
Cash $1,057,033 $2,309,573 $3,693,378 $5,227,976 $6,752,626
Other Current Assets $254,760 $275,861 $298,711 $314,021 $340,032
Total Current Assets $1,311,793 $2,585,435 $3,992,089 $5,541,997 $7,092,658
Intangible Assets $0 $0 $0 $0 $0
Acc Amortization $0 $0 $0 $0 $0
Net Intangibles $0 $0 $0 $0 $0
Fixed Assets $97,000 $97,000 $97,000 $97,000 $97,000
Accum Depreciation $19,400 $38,800 $58,200 $77,600 $97,000
Net fixed assets $77,600 $58,200 $38,800 $19,400 $0
Preliminary Exp $0 $0 $0 $0 $0
TOTAL ASSETS $1,389,393 $2,643,635 $4,030,889 $5,561,397 $7,092,658
LIABILITIES & EQUITY
Current Liabilities $101,598 $106,606 $111,863 $115,292 $120,983
Debt outstanding $160,000 $160,000 $160,000 $160,000 $0
Total Liabilities $261,598 $266,606 $271,863 $275,292 $120,983
Share Capital $0 $0 $0 $0 $0
Retained earnings $1,127,794 $2,377,029 $3,759,026 $5,286,105 $6,971,674
Total Equity $1,127,794 $2,377,029 $3,759,026 $5,286,105 $6,971,674
TOTAL LIABILITIES & EQUITY $1,389,393 $2,643,635 $4,030,889 $5,561,397 $7,092,658

5 Year Annual Cash Flow Statement

FY 1 FY 2 FY 3 FY 4 FY 5
CASH FLOW FROM OPERATIONS
Net Income (Loss) $1,127,794 $1,249,235 $1,381,996 $1,527,079 $1,685,569
Change in Working Capital ($153,161) ($16,094) ($17,592) ($11,881) ($20,319)
Plus Depreciation $19,400 $19,400 $19,400 $19,400 $19,400
Plus Amortization $0 $0 $0 $0 $0
Net Cash Flow from Operations $994,033 $1,252,540 $1,383,804 $1,534,597 $1,684,649
CASH FLOW FROM INVESTMENTS
Fixed Assets ($97,000) $0 $0 $0 $0
Intangible Assets $0 $0 $0 $0 $0
Net Cash Flow from Investments ($97,000) $0 $0 $0 $0
CASH FLOW FROM FINANCING
Cash from Equity $0 $0 $0 $0 $0
Cash from Debt financing $160,000 $0 $0 $0 ($160,000)
Net Cash Flow from Financing $160,000 $0 $0 $0 ($160,000)
Net Cash Flow $1,057,033 $1,252,540 $1,383,804 $1,534,597 $1,524,649
Cash at Beginning of Period $0 $1,057,033 $2,309,573 $3,693,378 $5,227,976
$1,057,033 $2,309,573 $3,693,378 $5,227,976 $6,752,626

 

Dave Lavinsky
Over the past 25 years, Dave Lavinsky, Founder of PlanPros has helped over 1 million entrepreneurs develop business plans.
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