A Sample Business Plan

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Stockwell Construction

Profit & Loss Statement

Year One – 2001

Rounded to Hundreds ($00)

1 2 3 4 5 6 7 8 9 10 11 12 YEAR

__________________________________________________________________________________________________ ONE

SALES 30,0 30,0 30,0 40,0 40,0 40,0 40,0 40,0 40,0 50,0 50,0 50,0 480,0

COGS – MATERIALS 6,0 6,0 6,0 8,0 8,0 8,0 8,0 8,0 8,0 10,0 10,0 10,0 96,0

LABOR 3,6 3,6 3,6 4,8 4,8 4,8 4,8 4,8 4,8 6,0 6,0 6,0 57,6

TOTAL COGS 9,6 9,6 9,6 12,8 12,8 12,8 12,8 12,8 12,8 16,0 16,0 16,0 153,6

GROSS PROFIT/MARGIN 20,4 20,4 20,4 27,2 27,2 27,2 27,2 27,2 27,2 34,0 34,0 34,0 326,4

SELLING-COMMISSIONS 3,0 3,0 3,0 4,0 4,0 4,0 4,0 4,0 4,0 5,0 5,0 5,0 48,0

ADVERTISING 3,6 3,6 3,6 4,8 4,8 4,8 4,8 4,8 4,8 6,0 6,0 6,0 57,6

TOTAL SELLING 6,6 6,6 6,6 8,8 8,8 8,8 8,8 8,8 8,8 11,0 11,0 11,0 105,6

PROFIT BEFORE G&A 13,8 13,8 13,8 18,4 18,4 18,4 18,4 18,4 18,4 23,0 23,0 23,0 220,8

TOTAL G&A (SCHEDULE) 15,7 15,7 15,7 15,8 15,8 15,8 16,1 16,1 16,1 16,2 16,2 16,2 191,4

PROFIT(LOSS)BEFORE TAX -1,9 -1,9 -1,9 2,6 2,6 2,6 2,3 2,3 2,3 6,8 6,8 6,8 29,4

ESTIMATED INCOME TAX 7,4

PROFIT AFTER TAX 22,0

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Stockwell Construction

General & Administrative Expense

Year One – 2001

Rounded to Hundreds ($00)

YEAR 1 2 3 4 5 6 7 8 9 10 11 12 ONE

SALARIES –EMPLOYEES 8,8 8,8 8,8 8,8 8,8 8,8 8,8 8,8 8,8 8,8 8,8 8,8 105,6

SALARIES-OFFICERS 2,0 2,0 2,0 2,0 2,0 2,0 2,0 2,0 2,0 2,0 2,0 2,0 24,0

PAYROLL TAXES/BENEFITS 1,0 1,0 1,0 1,0 1,0 1,0 1,0 1,0 1,0 1,0 1,0 12,0

VEHICLE EXPENSE ,3 ,3 ,3 ,3 ,3 ,3 ,3 ,3 ,3 ,3 ,3 ,3 3,6

INSURANCE ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 2,4

LEGAL & ACCOUNTING ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 2,4

GENERAL OFFICE EXPENSE ,1 ,1 ,1 ,1 ,1 ,1 ,1 ,1 ,1 ,1 ,1 ,1 1,8

POSTAGE ,1 ,1 ,1 ,1 ,1 ,1 ,2 ,2 ,2 ,2 ,2 ,2 1,8

OFFICE SUPPLIES ,2 ,2 ,2 ,2 ,2 ,2 ,3 ,3 ,3 ,3 ,3 ,3 3,0

TELEPHONE ,5 ,5 ,5 ,6 ,6 ,6 ,6 ,6 ,6 ,7 ,7 ,7 7,2

RENT ,8 ,8 ,8 ,8 ,8 ,8 ,8 ,8 ,8 ,8 ,8 ,8 9,6

UTILITIES ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 2,4

DEPRECIATION ,9 ,9 ,9 ,9 ,9 ,9 ,9 ,9 ,9 ,9 ,9 ,9 10,8

TRAVEL ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 2,4

ENTERTAINMENT ,1 ,1 ,1 ,1 ,1 ,1 ,1 ,1 ,1 ,1 ,1 ,1 1,2

MISCELLANEOUS ,1 ,1 ,1 ,1 ,1 ,1 ,1 ,1 ,1 ,1 ,1 ,1 1,2

TOTAL G&A EXPENSE 15,7 15,7 15,7 15,8 15,8 15,8 16,1 16,1 16,1 16,2 16,2 16,2 191,4

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Stockwell Construction

Quarterly Balance Sheet

Year One – 2001

Rounded to Hundreds ($00)

MARCH JUNE SEPTEMBER DECEMBER

ASSETS

Current Assets

Cash 52,5 45,0 38,6 36,3

Accounts Receivable 6,0 8,0 8,0 10,0

Inventory 120,0 120,0 120,0 120,0

Total Current Assets 178,5 173,0 166,6 166,3

Fixed Assets:

Machinery & Equipment 30,0 30,0 30,0 30,0

Furniture & Fixtures 10,0 10,0 10,0 10,0

Total Fixed Assets 40,0 40,0 40,0 40,0

Accumulated Depreciation 8,2 10,9 13,6 16,3

Net Fixed Assets 31,8 29,1 26,4 23,7

Total Assets 210,3 202,1 193,0 190,0

Liabilities & Stkholdrs Equity

Current Liabilities:

Accounts Payable 30,0 30,0 30,0 30,0

Payroll Taxes Payable 1,0 1,0 1,0 1,0

Total Current Liabilities 31,0 31,0 31,0 31,0

Long-Term Liabilities

Leases Payable 20,0 19,0 18,0 17,0

Bank Loan Payable 150,0 135,0 120,0 105,0

Stockholders Equity:

Common Stock 10,0 10,0 10,0 10,0

Prior Year Profit(Loss) 5,0 5,0 5,0 5,0

Current Year Profit(Loss) -5,7 2,1 9,0 22,0

Total Equity 9,3 17,1 24,0 37,0

Total Liabilities & S/E 210,3 202,1 193,0 190,0

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Stockwell Construction

Cash Flow Statement

Year One – 2001

Rounded to Hundreds ($00)

Year

MARCH JUNE SEPT DEC One

Net Income(Loss) -5,7 7,8 6,9 13,0 22,0

Source:

Depreciation 2,7 2,7 2,7 2,7 10,8

Use:

Purchase-Prop & Equip ,0 ,0 ,0 ,0 ,0

Source (Use) From Operations -3,0 10,5 9,6 15,7 32,8

(Increase) Decrease:

Accounts Receivable -2,0 -2,0 ,0 -2,0 -6,0

Inventory 95,0 ,0 ,0 ,0 -95,0

Increase (Decrease):

Accounts Payable -20,0 ,0 ,0 ,0 -20,0

Payroll Taxes Payable ,0 ,0 ,0 ,0 ,0

Leases Payable ,0 -1,0 -1,0 -1,0 -3,0

(Increase)Decrease:

Cash -30,0 7,5 6,4 2,3 -13,8

Distribution to Stockholders ,0 ,0 ,0 ,0 ,0

Change in Loan Balance -150,0 15,0 15,0 15,0 -105,0

Balance Beginning of Qtr ,0 150,0 135,0 120,0 ,0

Loan Balance End of Qtr 150,0 135,0 120,0 105,0 105,0

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Stockwell Construction

Profit and Loss Statement

Year Two – 2002

Rounded to Hundreds ($00)

YEAR

1 2 3 4 5 6 7 8 9 10 11 12 TWO

SALES 70,0 70,0 70,0 80,0 80,0 80,0 100,0 100,0 100,0 110,0 110,0 110,0 10,0

COGS – MATERIALS 14,0 14,0 14,0 16,0 16,0 16,0 20,0 20,0 20,0 22,0 22,0 22,0 216,0

LABOR 9,1 9,1 9,1 10,4 10,4 10,4 13,0 13,0 13,0 14,3 14,3 14,3 140,4

TOTAL COGS 23,1 23,1 23,1 26,4 26,4 26,4 33,0 33,0 33,0 36,3 36,3 36,3 356,4

GROSS PROFIT/MARGIN 46,9 46,9 46,9 53,6 53,6 53,6 67,0 67,0 67,0 73,7 73,7 73,7 723,6

SELLING-COMMISSIONS 7,0 7,0 7,0 8,0 8,0 8,0 10,0 10,0 10,0 11,0 11,0 11,0 108,0

ADVERTISING 10,5 10,5 10,5 12,0 12,0 12,0 15,0 15,0 15,0 16,5 16,5 16,5 162,0

TOTAL SELLING 17,5 17,5 17,5 20,0 20,0 20,0 25,0 25,0 25,0 27,5 27,5 27,5 270,0

PROFIT BEFORE G&A 29,4 29,4 29,4 33,6 33,6 33,6 42,0 42,0 42,0 46,2 46,2 46,2 453,6

TOTAL G&A (SCHEDULE) 26,5 26,5 26,5 26,5 26,5 26,5 28,7 28,7 28,7 28,7 28,7 28,7 331,2

PROFIT(LOSS)BEFORE TAX 2,9 2,9 2,9 7,1 7,1 13,3 13,3 13,3 13,3 17,5 17,5 17,5 122,4

ESTIMATED INCOME TAX 43,4

PROFIT AFTER TAX 79,0

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Stockwell Construction

General & Administrative Expense

Year Two – 2002

Rounded to Hundreds ($00)

YEAR 1 2 3 4 5 6 7 8 9 10 11 12 TWO

SALARIES –EMPLOYEES 14,4 14,4 14,4 14,4 14,4 14,4 16,0 16,0 16,0 16,0 16,0 16,0 182,4

SALARIES-OFFICERS 5,0 5,0 5,0 5,0 5,0 5,0 5,0 5,0 5,0 5,0 5,0 5,0 60,0

PAYROLL TAXES/BENEFITS 1,6 1,6 1,6 1,6 1,6 1,6 1,7 1,7 1,7 1,7 1,7 1,7 19,8

VEHICLE EXPENSE ,4 ,4 ,4 ,4 ,4 ,4 ,4 ,4 ,4 ,4 ,4 ,4 4,8

INSURANCE ,3 ,3 ,3 ,3 ,3 ,3 ,3 ,3 ,3 ,3 ,3 ,3 3,6

LEGAL & ACCOUNTING ,3 ,3 ,3 ,3 ,3 ,3 ,3 ,3 ,3 ,3 ,3 ,3 3,6

GENERAL OFFICE EXPENSE ,2 ,2 ,2 ,2 ,2 ,2 ,3 ,3 ,3 ,3 ,3 ,3 3,0

POSTAGE ,2 ,2 ,2 ,2 ,2 ,2 ,3 ,3 ,3 ,3 ,3 ,3 3,0

OFFICE SUPPLIES ,3 ,3 ,3 ,3 ,3 ,3 ,4 ,4 ,4 ,4 ,4 ,4 4,2

TELEPHONE ,8 ,8 ,8 ,8 ,8 ,8 1,0 1,0 1,0 1,0 1,0 1,0 10,8

RENT ,8 ,8 ,8 ,8 ,8 ,8 ,8 ,8 ,8 ,8 ,8 ,8 9,6

UTILITIES ,3 ,3 ,3 ,3 ,3 ,3 ,3 ,3 ,3 ,3 ,3 ,3 3,6

DEPRECIATION 1,2 1,2 1,2 1,2 1,2 1,2 1,2 1,2 1,2 1,2 1,2 1,2 14,4

TRAVEL ,3 ,3 ,3 ,3 ,3 ,3 ,3 ,3 ,3 ,3 ,3 ,3 3,6

ENTERTAINMENT ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 2,4

MISCELLANEOUS ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 ,2 2,4

TOTAL G&A EXPENSE 26,5 26,5 26,5 26,5 26,5 26,5 28,7 28,7 28,7 28,7 28,7 28,7 331,2

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Stockwell Construction

Quarterly Balance Sheet

Year Two – 2002

Rounded to Hundreds ($00)

MARCH JUNE SEPTEMBER DECEMBER

ASSETS

Current Assets

Cash 6,2 13,1 16,7 11,4

Accounts Receivable 14,0 16,0 20,0 22,0

Inventory 130,0 130,0 150,0 150,0

Total Current Assets 150,2 159,1 186,7 183,4

Fixed Assets:

Machinery & Equipment 50,0 50,0 50,0 50,0

Furniture & Fixtures 20,0 20,0 20,0 20,0

Total Fixed Assets 70,0 70,0 70,0 70,0

Accumulated Depreciation 19,9 23,5 27,1 30,7

Net Fixed Assets 50,1 46,5 42,9 39,3

Total Assets 200,3 205,6 229,6 222,7

Liabilities & Stkholdrs Equity

Current Liabilities:

Accounts Payable 37,0 37,0 37,0 37,0

Payroll Taxes Payable 1,6 1,6 1,7 1,7

Total Current Liabilities 38,6 38,6 38,7 38,7

Long-Term Liabilities

Leases Payable 26,0 25,0 24,0 23,0

Bank Loan Payable 90,0 75,0 60,0 45,0

Stockholders Equity:

Common Stock 10,0 10,0 10,0 10,0

Prior Year Profit(Loss) 27,0 27,0 27,0 27,0

Current Year Profit(Loss) 8,7 30,0 69,9 79,0

Total Equity 45,7 67,0 106,9 116,0

Total Liabilities & S/E 200,3 205,6 229,6 222,7

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Stockwell Construction

Cash Flow Statement

Year Two – 2002

Rounded to Hundreds ($00)

Year

MARCH JUNE SEPT DEC One

Net Income(Loss) 8,7 21,3 39,9 9,1 79,0

Source:

Depreciation 3,6 3,6 3,6 3,6 14,4

Use:

Purchase-Prop & Equip 30,0 ,0 ,0 ,0 30,0

Source (Use) From Operations -17,7 24,9 43,5 12,7 63,4

(Increase) Decrease:

Accounts Receivable -4,0 -2,0 -4,0 -2,0 -12,0

Inventory -10,0 ,0 -20,0 ,0 -30,0

Increase (Decrease):

Accounts Payable 7,0 ,0 ,0 ,0 7,0

Payroll Taxes Payable ,6 ,0 ,1 ,0 ,7

Leases Payable 9,0 -1,0 -1,0 -1,0 6,0

(Increase)Decrease:

Cash -30,1 6,9 3,6 5,3 24,9

Distribution to Stockholders ,0 ,0 ,0 ,0 ,0

Change in Loan Balance 15,0 15,0 15,0 15,0 60,0

Balance Beginning of Qtr 105,0 90,0 75,0 60,0 105,0

Loan Balance End of Qtr 90,0 75,0 60,0 45,0 45,0

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Stockwell Construction

Profit & Loss Statement

Year Three to Ten

Rounded to Hundreds ($00)

YEAR YEAR YEAR YEAR YEAR YEAR YEAR YEAR

THREE FOUR FIVE SIX SEVEN EIGHT NINE TEN

SALES

COGS – MATERIALS 1,240 1,430 1,640 1,890 2,170 2,500 2,870 3,300

LABOR 260 300 350 410 470 550 640 740

TOTAL COGS 160 190 220 260 300 350 400 460

GROSS PROFIT/MARGIN 820 940 1,070 1,220 1,400 1,600 1,830 2,100

SELLING-COMMISSIONS 124 143 164 189 217 250 287 330

ADVERTISING 186 215 246 283 325 375 430 495

TOTAL SELLING 310 358 410 472 542 625 717 825

PROFIT BEFORE G&A 510 582 660 748 858 975 1,113 1,275

TOTAL G&A (SCHEDULE) 477 505 521 550 565 593 611 640

PROFIT (LOSS) BEFORE TAX 33 77 139 198 293 382 502 635

ESTIMATED INCOME TAX 8 20 47 74 120 150 212 269

PROFIT AFTER TAX 25 57 92 124 173 232 290 366

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Stockwell Jewelry

General & Administrative Expense

Years Three to Ten

YEAR YEAR YEAR YEAR YEAR YEAR YEAR YEAR

THREE FOUR FIVE SIX SEVEN EIGHT NINE TEN

SALARIES –EMPLOYEES 288 294 300 308 316 324 334 344

SALARIES-OFFICERS 72 78 84 88 92 96 100 104

PAYROLL TAXES/BENEFITS 28 30 31 32 32 33 34 35

VEHICLE EXPENSE 6 7 7 8 8 9 9 10

INSURANCE 4 5 5 6 6 7 7 8

LEGAL & ACCOUNTING 6 7 7 8 8 9 9 10

GENERAL OFFICE EXPENSE 4 5 5 6 6 7 7 8

POSTAGE 4 5 5 6 6 7 7 8

OFFICE SUPPLIES 5 6 6 7 7 8 8 9

TELEPHONE 12 13 13 14 14 15 15 16

RENT 14 14 14 16 16 17 17 17

UTILITIES 6 7 7 8 8 9 9 10

DEPRECIATION 17 20 23 26 29 32 35 38

TRAVEL 5 6 6 7 7 8 8 9

ENTERTAINMENT 3 4 4 5 5 6 6 7

MISCELLANEOUS 3 4 4 5 5 6 6 7

TOTAL G&A EXPENSE 477 505 521 550 565 593 611 640