Executive Summary

Doggie Pause is a canine day care facility catering to professionals who have disposable
income and the desire to provide quality care for their pets while they are work. It is a
response to a real market need in a high-end high-income market.

1.1 Objectives

1. To launch the business and develop sales approaching $25K per month by the end
of the first year.

2. To break even in the second year, and be profitable by the third year.

3. To increase sales by 20% per year in the second and third year while also
becoming profitable.
1.2 Mission

We will be the leaders in the market of canine care for the upscale community by
providing a positive environment for the animals that we house. Our operations will
instill in owners confidence in our ability to care for their pets in appropriate ways. We
will control significant market share and increase profit as we grow and expand. We will
develop our business conservatively, financing our growth through operational revenue.

1.3 Keys to Success

1. The initial location will be in an upscale community on the outskirts of the

metropolitan area.

2. We will cater to the needs of our canine owners as much as possible.

3. We will uphold the statement 'the customer is always right' because when it
comes to canines, owners know best.

4. The business finances will be run in an organized and timely manner.

Company Summary
Doggie Pause will be established as a Subchapter S corporation owned in equal shares by
two founders, Barque Oldeyeller and Rufe Rintintin. We are working with the local legal
firm Akita, Shar-Pei, Pug & Kesshond, to establish the legal entity.

2.1 Start-up Summary

The start up for Doggie Pause will be simple and cost efficient. Rent and utilities will
be the main expense, which will consist of a large building space and office. There will
be many advertising expenses in the beginning that will promote the service, and this
expense will lessen as months go on and people become aware of our service. Start-up
inventory will be mainly shampoo and grooming supplies, food for the dogs, and other
supplies like bedding. Assets will be the kennels and play structures for the dogs, and the
bathing facilities.

Loans will be needed to start up the company, and we will also be investing some of our
own funds. At this point we're planning to invest $10,000 each as founders, and to take a
small business loan of $42K. The loan will be paid off over three years as shown in the
cash flow.

START-UP FUNDING

Start-up Expenses to Fund $32,500

Start-up Assets to Fund $27,500

TOTAL FUNDING REQUIRED $60,000

Assets

Non-cash Assets from Start-up $10,140

Cash Requirements from Start-up $20,000

Additional Cash Raised $0

Cash Balance on Starting Date $20,000

TOTAL ASSETS $30,140

Liabilities and Capital

Liabilities

Current Borrowing $40,000

Long-term Liabilities $0

Accounts Payable (Outstanding Bills) $0

Other Current Liabilities (interest-free) $0

TOTAL LIABILITIES $40,000

Capital

Planned Investment

Barque Oldeyeller $10,000

Rufe Rintintin $10,000

Other $0
 Additional Investment Requirement $0

TOTAL PLANNED INVESTMENT $20,000

Loss at Start-up (Start-up Expenses) ($32,500)

TOTAL CAPITAL ($12,500)

TOTAL CAPITAL AND LIABILITIES $27,500

Total Funding $60,000

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START-UP
Requirements

Start-up Expenses

Legal $1,500

Brochures $1,500

Insurance $5,000

Rent $2,500

Expensed equipment $20,000

Other $2,000

TOTAL START-UP EXPENSES $32,500

Start-up Assets

Cash Required $20,000

Other Current Assets $0

Long-term Assets $7,500

 TOTAL ASSETS $27,500

Total Requirements $60,000

Services
Doggie Pause offers upscale dog owners a place where they can leave their pets while at
work, and away for weekend trips or on vacation. It also offers feeding and exercising, as
well as washing, grooming and low-level veterinary services. The location will be a large
lot on the outskirts of a high-income residential area. Our projections include a heavy rent
because of the location requirements. Customers pay by the day, by the hour, or by the
month. Our assumption is that the average customer generates about $250 per month.

Market Analysis Summary

The market for Doggie Pause is all of the dog owners in the metropolitan area and
surrounding areas of the city. We believe that this is going to be 2/3 of the population, and
we have a goal of gaining a 50% market share. We have a target of a 20% yearly profit
increase as the business continues.

4.1 Target Market Segment Strategy

We have chosen our target market because they own canines and have the ability to afford
a service such as Doggie Pause. We are aware that our service is an extra in life, not a
necessity. We anticipate and expect to cater to the upper-class citizens within our
geographical area.
4.2 Service Business Analysis

Our familiarity with this business indicates that the service we offer is not currently
available anywhere within the metropolitan area. We think our marketing problem will be
more a matter of making dog owners aware of the Doggie Pause, than it will be related to
the competition.

4.3 Market Segmentation

Our target market consists of canine owners that have the financial capabilities to care for
their dogs in an elaborate manner. Most will be from double income homes with high
profile jobs that require an extensive amount of time away from the home. Our target
market consists of men and women primarily between the ages of 35 and 65. They live in
the upscale suburbs surrounding the metropolitan area. Our market segment customers
will lead a lifestyle in which their canines play a large part, and these pets are often seen
as "children" by their owners.
 MARKET ANALYSIS

YEAR YEAR YEAR YEAR YEAR

1 2 3 4 5

Potential Growth CAGR

Customers

Canine Owners 20% 15,000 18,000 21,600 25,920 31,104 20.00%

Other 0% 0 0 0 0 0 0.00%

Total 20.00% 15,000 18,000 21,600 25,920 31,104 20.00%

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4.4 Competition and Buying Patterns

Our real competition is owners choosing to leave their dogs at home unattended. We
recognize that only relatively wealthy people will be interested in spending an average of
$250 monthly to provide daycare for their dogs. Still, there should be sufficient market.

Strategy and Implementation Summary

Doggie Pause will focus on the geographical market of upper-class suburbs surrounding
the metropolitan area. Our initial site will be in West Linn, a suburb of Portland. Our
target market consists mainly of men and women ages 35-65.

5.1 Competitive Edge

Doggie Pause is the first canine daycare facility of its kind. Never before has there been a
place where a canine owner could take their dog to be cared for, for the day. The owner
feels no guilt in leaving the dog because it is a secure, safe and fun environment.

To develop good business strategies, perform a SWOT analysis of your business. It's
easy with our free guide and template. Learn how to perform a SWOT analysis

5.2 Sales Forecast

Sales are based on an hourly fee for each dog. There will be a $15.00/hour charge for the
"day care." This includes the care of the dogs, and grooming services. Forecasted sales
are based on the estimated number of dogs that will be cared for daily, and an average of
how many hours each dog will be housed per day. There is an assumption that we
will initially be offering services Monday through Friday, 7 AM to 6 PM, with time for
owners to drop off and pick up their pets before and after work. Sales will increase as
months go on, due to an increase in number of dogs per day that we are caring for.

Services will expand to include weekends and long-term "vacation" boarding as the need
and demand arises.
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SALES FORECAST

YEAR 1 YEAR 2 YEAR 3

Sales

Doggie care hours (all inclusive) $135,479 $163,000 $196,000

 Other $14,250 $17,000 $20,000

TOTAL SALES $149,729 $180,000 $216,000

Direct Cost of Sales Year 1 Year 2 Year 3

Doggie care hours (all inclusive) $13,548 $16,300 $19,600

Other $4,988 $5,950 $7,000

Subtotal Direct Cost of Sales $18,535 $22,250 $26,600

Management Summary
The management team will consist of the two co-founders, Barque Oldeyeller and Rufe
Rintintin. We do not anticipate taking on other managers until locations are opened in
other metropolitan areas. As we grow we expect to need outside guidance in the areas of
accounting and financial advising.

PERSONNEL PLAN

YEAR 1 YEAR 2 YEAR 3

Dog care assistants/groomers $56,000 $76,800 $76,800

 Admin/etc. $8,800 $15,000 $25,000

TOTAL PEOPLE 6 6 7

Total Payroll $64,800 $91,800 $101,800

Financial Plan
We want to finance the start-up of our company mainly through personal investment and
a short-term business loan. We think this is a good risk/return situation and we will
provide the necessary personal guarantees to secure the business loan. We will finance
growth through the collection of the fees for our services. We understand that without
these payments we will not be able to be a profitable business.

7.1 Important Assumptions

Our important financial assumptions are shown below.

GENERAL ASSUMPTIONS

YEAR 1 YEAR 2 YEAR 3

Plan Month 1 2 3

Current Interest Rate 10.00% 10.00% 10.00%

 Long-term Interest Rate 10.00% 10.00% 10.00%

Tax Rate 25.42% 25.00% 25.42%

Other 0 0 0

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7.2 Break-even Analysis

According to our break-even projections, we need more than $12,000 in monthly sales to
break even. We think this is a manageable sales amount. Furthermore, a significant
portion of our fixed cost is our own salaries, so that reduces risk as well.
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BREAK-EVEN ANALYSIS

Monthly Revenue Break-even $12,197

Assumptions:

Average Percent Variable Cost 12%

Estimated Monthly Fixed Cost $10,687

7.3 Projected Profit and Loss

The projections show how we intend to almost break even in the first year (a loss of less
than $1,000), make a small profit in the second year and show profit of 9% on sales in the
third year. We are confident that even though we have a loss in the first months after
opening, we will be profitable in the future as years go on and business increases.

PRO FORMA PROFIT AND LOSS

YEAR 1 YEAR 2 YEAR 3

Sales $149,729 $180,000 $216,000

Direct Cost of Sales $18,535 $22,250 $26,600

Other $0 $0 $0

TOTAL COST OF SALES $18,535 $22,250 $26,600

Gross Margin $131,194 $157,750 $189,400

Gross Margin % 87.62% 87.64% 87.69%

Expenses

Payroll $64,800 $91,800 $101,800

Sales and Marketing and Other $15,000 $9,000 $6,000

Expenses

Depreciation $0 $0 $0

Leased Equipment $0 $0 $0

Utilities $2,725 $3,000 $3,000

Insurance $6,000 $6,000 $6,000

 Rent $30,000 $30,000 $30,000

Payroll Taxes $9,720 $13,770 $15,270

Other $0 $0 $0

Total Operating Expenses $128,245 $153,570 $162,070

Profit Before Interest and Taxes $2,949 $4,180 $27,330

EBITDA $2,949 $4,180 $27,330

Interest Expense $3,324 $2,032 $666

Taxes Incurred $0 $537 $6,777

Net Profit ($375) $1,611 $19,887

Net Profit/Sales -0.25% 0.89% 9.21%

7.4 Projected Cash Flow

For Doggie Pause to be successful we need a steady growth in clientele. Without

customers bringing in their canines we have no cash flow, no profit, and no business. The
cash flow depends on a bridge loan in mid-year from the founders, to be repaid at the end
of the year.

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PRO FORMA CASH FLOW

YEAR 1 YEAR 2 YEAR 3

Cash Received

Cash from Operations

Cash Sales $149,729 $180,000 $216,000

SUBTOTAL CASH FROM OPERATIONS $149,729 $180,000 $216,000

Additional Cash Received

Sales Tax, VAT, HST/GST Received $0 $0 $0

New Current Borrowing $0 $0 $0

New Other Liabilities (interest-free) $10,000 $0 $0

New Long-term Liabilities $0 $0 $0

Sales of Other Current Assets $0 $0 $0

Sales of Long-term Assets $0 $0 $0

New Investment Received $0 $0 $0

SUBTOTAL CASH RECEIVED $159,729 $180,000 $216,000

Expenditures Year 1 Year 2 Year 3

Expenditures from Operations

Cash Spending $64,800 $91,800 $101,800

Bill Payments $77,005 $87,772 $93,678

SUBTOTAL SPENT ON OPERATIONS $141,805 $179,572 $195,478

Additional Cash Spent

Sales Tax, VAT, HST/GST Paid Out $0 $0 $0

Principal Repayment of Current Borrowing $12,673 $14,004 $13,322

Other Liabilities Principal Repayment $10,000 $0 $0

 Long-term Liabilities Principal Repayment $0 $0 $0

Purchase Other Current Assets $0 $0 $0

Purchase Long-term Assets $0 $0 $0

Dividends $0 $0 $0

SUBTOTAL CASH SPENT $164,478 $193,576 $208,800

Net Cash Flow ($4,749) ($13,576) $7,200

Cash Balance $15,251 $1,675 $8,874

7.5 Projected Balance Sheet

The projected balance sheet shows stability and a gradual increase of net worth.

PRO FORMA BALANCE SHEET

YEAR 1 YEAR 2 YEAR 3

Assets

Current Assets

Cash $15,251 $1,675 $8,874

Other Current Assets $0 $0 $0

TOTAL CURRENT ASSETS $15,251 $1,675 $8,874

Long-term Assets

Long-term Assets $7,500 $7,500 $7,500

Accumulated Depreciation $0 $0 $0

TOTAL LONG-TERM ASSETS $7,500 $7,500 $7,500

TOTAL ASSETS $22,751 $9,175 $16,374

Liabilities and Capital Year 1 Year 2 Year 3

Current Liabilities

Accounts Payable $8,299 $7,117 $7,752

Current Borrowing $27,327 $13,322 $0

Other Current Liabilities $0 $0 $0

SUBTOTAL CURRENT LIABILITIES $35,626 $20,439 $7,752

Long-term Liabilities $0 $0 $0

TOTAL LIABILITIES $35,626 $20,439 $7,752

Paid-in Capital $20,000 $20,000 $20,000

Retained Earnings ($32,500) ($32,875) ($31,265)

Earnings ($375) $1,611 $19,887

TOTAL CAPITAL ($12,875) ($11,265) $8,622

TOTAL LIABILITIES AND CAPITAL $22,751 $9,175 $16,374

Net Worth ($12,875) ($11,265) $8,622

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7.6 Business Ratios

RATIO ANALYSIS

YEAR 1 YEAR 2 YEAR 3 INDUSTR

Y
PROFILE

Sales Growth 0.00% 20.22% 20.00% -2.90%

Percent of Total Assets

Other Current Assets 0.00% 0.00% 0.00% 31.90%

Total Current Assets 67.03% 18.25% 54.20% 55.90%

Long-term Assets 32.97% 81.75% 45.80% 44.10%

TOTAL ASSETS 100.00% 100.00% 100.00% 100.00%

Current Liabilities 156.59% 222.78% 47.34% 32.70%

Long-term Liabilities 0.00% 0.00% 0.00% 19.90%

Total Liabilities 156.59% 222.78% 47.34% 52.60%

NET WORTH -56.59% - 52.66% 47.40%

122.78%

Percent of Sales

Sales 100.00% 100.00% 100.00% 100.00%

Gross Margin 87.62% 87.64% 87.69% 42.50%

Selling, General & Administrative 88.01% 86.83% 78.47% 26.40%

Expenses

Advertising Expenses 10.02% 5.00% 2.78% 0.50%

Profit Before Interest and Taxes 1.97% 2.32% 12.65% 2.40%

Main Ratios
Current 0.43 0.08 1.14 2.19

Quick 0.43 0.08 1.14 1.48

Total Debt to Total Assets 156.59% 222.78% 47.34% 52.60%

Pre-tax Return on Net Worth 2.92% -19.06% 309.25% 4.50%

Pre-tax Return on Assets -1.65% 23.41% 162.84% 9.40%

Additional Ratios Year 1 Year 2 Year 3

Net Profit Margin -0.25% 0.89% 9.21% n.a

Return on Equity 0.00% 0.00% 230.65% n.a

Activity Ratios

Accounts Payable Turnover 10.28 12.17 12.17 n.a

Payment Days 27 32 29 n.a

Total Asset Turnover 6.58 19.62 13.19 n.a

Debt Ratios

Debt to Net Worth 0.00 0.00 0.90 n.a

Current Liab. to Liab. 1.00 1.00 1.00 n.a

Liquidity Ratios

Net Working Capital ($20,375) ($18,765) $1,122 n.a

Interest Coverage 0.89 2.06 41.03 n.a

Additional Ratios

Assets to Sales 0.15 0.05 0.08 n.a

Current Debt/Total Assets 157% 223% 47% n.a

Acid Test 0.43 0.08 1.14 n.a

Sales/Net Worth 0.00 0.00 25.05 n.a

Dividend Payout 0.00 0.00 0.00 n.a

Appendix

SALES FORECAST

MONT MONT MONT MONTH MONT MONT MONT MONT MONTH MONTH MONTH MONTH
H1 H2 H3 4 H5 H6 H7 H8 9 10 11 12

Sales

Doggie 20 $5,125 $5,395 $6,835 $12,595 $9,265 $7,825 $8,095 $8,635 $11,245 $15,714 $20,395 $24,355
care %
hours
(all
inclusive
)

Other 20 $765 $585 $705 $1,215 $585 $705 $1,215 $1,095 $1,305 $1,785 $2,055 $2,235
%

TOTAL $5,890 $5,980 $7,540 $13,81 $9,850 $8,530 $9,310 $9,730 $12,55 $17,49 $22,45 $26,59
SALES 0 0 9 0 0

Direct Month Month Month Month 4 Month Month Month Month Month 9 Month Month Month
Cost of 1 2 3 5 6 7 8 10 11 12
Sales

Doggie 10 $513 $540 $684 $1,260 $927 $783 $810 $864 $1,125 $1,571 $2,040 $2,436
care %
hours
(all
inclusive
)

Other 35 $268 $205 $247 $425 $205 $247 $425 $383 $457 $625 $719 $782
%

Subtotal $780 $744 $930 $1,685 $1,131 $1,029 $1,235 $1,247 $1,581 $2,196 $2,759 $3,218
Direct
Cost of
Sales

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PERSONNEL PLAN

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

Dog care 0% $3,200 $3,200 $3,200 $4,800 $4,800 $4,800 $4,800 $4,800 $4,800 $4,800 $6,400 $6,400
assistants/groomers

Admin/etc. 0% $500 $500 $500 $500 $500 $500 $500 $500 $1,200 $1,200 $1,200 $1,200

TOTAL PEOPLE 3 3 3 4 4 4 4 4 5 5 6 6

Total Payroll $3,700 $3,700 $3,700 $5,300 $5,300 $5,300 $5,300 $5,300 $6,000 $6,000 $7,600 $7,600

GENERAL ASSUMPTIONS

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

Plan 1 2 3 4 5 6 7 8 9 10 11 12
Month
Current 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Interest
Rate

Long- 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
term
Interest
Rate

Tax Rate 30.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%

Other 0 0 0 0 0 0 0 0 0 0 0 0

PRO FORMA PROFIT AND LOSS

MONT MONT MONT MONT MONT MONT MONT MONT MONT MONT MONT MONT
H1 H2 H3 H4 H5 H6 H7 H8 H9 H 10 H 11 H 12

Sales $5,890 $5,980 $7,540 $13,81 $9,850 $8,530 $9,310 $9,730 $12,55 $17,49 $22,45 $26,59
0 0 9 0 0

Direct Cost $780 $744 $930 $1,685 $1,131 $1,029 $1,235 $1,247 $1,581 $2,196 $2,759 $3,218
of Sales

Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

TOTAL $780 $744 $930 $1,68 $1,131 $1,029 $1,235 $1,247 $1,58 $2,19 $2,75 $3,21
COST OF 5 1 6 9 8
SALES

Gross $5,110 $5,236 $6,610 $12,12 $8,719 $7,501 $8,075 $8,483 $10,96 $15,30 $19,69 $23,37
Margin 5 9 3 1 2

Gross 86.75% 87.55% 87.66% 87.80 88.52% 87.93% 86.74% 87.19% 87.40 87.45 87.71 87.90
Margin % % % % % %

Expenses
Payroll $3,700 $3,700 $3,700 $5,300 $5,300 $5,300 $5,300 $5,300 $6,000 $6,000 $7,600 $7,600

Sales and $3,000 $2,000 $2,000 $1,000 $1,000 $1,000 $1,000 $1,000 $750 $750 $750 $750
Marketing
and Other
Expenses

Depreciatio $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
n

Leased $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Equipment

Utilities $200 $200 $200 $225 $225 $225 $225 $225 $250 $250 $250 $250

Insurance $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500

Rent $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500

Payroll 15 $555 $555 $555 $795 $795 $795 $795 $795 $900 $900 $1,140 $1,140
Taxes %

Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Total $10,45 $9,455 $9,455 $10,32 $10,32 $10,32 $10,32 $10,32 $10,90 $10,90 $12,74 $12,74
Operating 5 0 0 0 0 0 0 0 0 0
Expenses

Profit ($5,345 ($4,219 ($2,845 $1,805 ($1,601 ($2,819 ($2,245 ($1,837 $69 $4,403 $6,951 $10,63
Before ) ) ) ) ) ) ) 2
Interest
and Taxes

EBITDA ($5,345 ($4,219 ($2,845 $1,805 ($1,601 ($2,819 ($2,245 ($1,837 $69 $4,403 $6,951 $10,63
) ) ) ) ) ) ) 2

Interest $325 $316 $308 $299 $291 $282 $273 $264 $255 $246 $237 $228
Expense
Taxes $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Incurred

Net Profit ($5,670 ($4,536 ($3,153 $1,506 ($1,892 ($3,101 ($2,518 ($2,101 ($186) $4,157 $6,714 $10,40
) ) ) ) ) ) ) 5

Net - - - 10.90 - - - - -1.49% 23.75 29.91 39.13

Profit/Sales 96.27% 75.85% 41.82% % 19.21% 36.36% 27.04% 21.59% % % %

PRO FORMA CASH FLOW

MONT MONT MONT MONT MONT MONT MONT MONT MONT MONT MONT MONT
H1 H2 H3 H4 H5 H6 H7 H8 H9 H 10 H 11 H 12

Cash
Received

Cash from
Operations

Cash Sales $5,890 $5,980 $7,540 $13,81 $9,850 $8,530 $9,310 $9,730 $12,55 $17,49 $22,45 $26,59
0 0 9 0 0

SUBTOTAL $5,89 $5,980 $7,540 $13,81 $9,850 $8,530 $9,310 $9,730 $12,55 $17,49 $22,45 $26,59
CASH 0 0 0 9 0 0
FROM
OPERATIO
NS

Additional
Cash
Received

Sales Tax, 0.00 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

VAT, %
HST/GST
Received
New Current $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Borrowing

New Other $0 $0 $0 $0 $0 $0 $10,00 $0 $0 $0 $0 $0

Liabilities 0
(interest-
free)

New Long- $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
term
Liabilities

Sales of $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other
Current
Assets

Sales of $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Long-term
Assets

New $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Investment
Received

SUBTOTAL $5,89 $5,980 $7,540 $13,81 $9,850 $8,530 $19,31 $9,730 $12,55 $17,49 $22,45 $26,59
CASH 0 0 0 0 9 0 0
RECEIVED

Expenditure Month Month Month Month Month Month Month Month Month Month Month Month
s 1 2 3 4 5 6 7 8 9 10 11 12

Expenditure
s from
Operations

Cash $3,700 $3,700 $3,700 $5,300 $5,300 $5,300 $5,300 $5,300 $6,000 $6,000 $7,600 $7,600
Spending

Bill $262 $7,825 $6,822 $6,994 $6,985 $6,438 $6,338 $6,528 $6,538 $6,757 $7,369 $8,151
Payments
SUBTOTAL $3,96 $11,52 $10,52 $12,29 $12,28 $11,73 $11,63 $11,82 $12,53 $12,75 $14,96 $15,75
SPENT ON 2 5 2 4 5 8 8 8 8 7 9 1
OPERATIO
NS

Additional
Cash Spent

Sales Tax, $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
VAT,
HST/GST
Paid Out

Principal $1,009 $1,017 $1,025 $1,034 $1,043 $1,051 $1,060 $1,069 $1,078 $1,087 $1,096 $1,105
Repayment
of Current
Borrowing

Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $10,00
Liabilities 0
Principal
Repayment

Long-term $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Liabilities
Principal
Repayment

Purchase $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other
Current
Assets

Purchase $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Long-term
Assets

Dividends $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

SUBTOTAL $4,97 $12,54 $11,54 $13,32 $13,32 $12,78 $12,69 $12,89 $13,61 $13,84 $16,06 $26,85
CASH 1 2 7 8 8 9 8 7 6 3 5 6
SPENT
Net Cash $919 ($6,56 ($4,00 $482 ($3,47 ($4,25 $6,612 ($3,16 ($1,06 $3,656 $6,385 ($266)
Flow 2) 7) 8) 9) 7) 6)

Cash $20,91 $14,35 $10,35 $10,83 $7,355 $3,095 $9,707 $6,541 $5,475 $9,131 $15,51 $15,25
Balance 9 7 0 2 6 1

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PRO FORMA BALANCE SHEET

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

Assets Starting
Balances

Current
Assets

Cash $20,000 $20,919 $14,357 $10,350 $10,832 $7,355 $3,095 $9,707 $6,541 $5,475 $9,131 $15,516 $15,251

Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Current
Assets

TOTAL $20,000 $20,919 $14,357 $10,35 $10,832 $7,355 $3,095 $9,707 $6,541 $5,475 $9,131 $15,516 $15,251
CURRENT 0
ASSETS
Long-term
Assets

Long-term $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500
Assets

Accumulat $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
ed
Depreciatio
n

TOTAL $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500
LONG-
TERM
ASSETS

TOTAL $27,500 $28,419 $21,857 $17,85 $18,332 $14,855 $10,595 $17,207 $14,04 $12,975 $16,631 $23,016 $22,751
ASSETS 0 1

Liabilities Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month Month Month
and Capital 10 11 12

Current
Liabilities

Accounts $0 $7,598 $6,589 $6,760 $6,771 $6,227 $6,120 $6,310 $6,313 $6,512 $7,097 $7,864 $8,299
Payable

Current $40,000 $38,991 $37,974 $36,949 $35,915 $34,872 $33,821 $32,761 $31,692 $30,614 $29,528 $28,432 $27,327
Borrowing

Other $0 $0 $0 $0 $0 $0 $0 $10,000 $10,000 $10,000 $10,000 $10,000 $0

Current
Liabilities

SUBTOTA $40,000 $46,590 $44,563 $43,70 $42,686 $41,100 $39,941 $49,071 $48,00 $47,126 $46,625 $46,296 $35,626
L 9 5
CURRENT
LIABILITI
ES

Long-term $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Liabilities
TOTAL $40,000 $46,590 $44,563 $43,70 $42,686 $41,100 $39,941 $49,071 $48,00 $47,126 $46,625 $46,296 $35,626
LIABILITI 9 5
ES

Paid-in $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000 $20,000
Capital

Retained ($32,50 ($32,50 ($32,50 ($32,50 ($32,50 ($32,50 ($32,50 ($32,50 ($32,50 ($32,50 ($32,50 ($32,50 ($32,500
Earnings 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) 0) )

Earnings $0 ($5,670) ($10,20 ($13,35 ($11,85 ($13,74 ($16,84 ($19,36 ($21,46 ($21,65 ($17,49 ($10,78 ($375)
6) 9) 3) 5) 6) 4) 5) 1) 4) 0)

TOTAL ($12,50 ($18,17 ($22,70 ($25,85 ($24,35 ($26,24 ($29,34 ($31,86 ($33,96 ($34,15 ($29,99 ($23,28 ($12,87
CAPITAL 0) 0) 6) 9) 3) 5) 6) 4) 5) 1) 4) 0) 5)

TOTAL $27,500 $28,419 $21,857 $17,85 $18,332 $14,855 $10,595 $17,207 $14,04 $12,975 $16,631 $23,016 $22,751
LIABILITI 0 1
ES AND
CAPITAL

Net Worth ($12,50 ($18,17 ($22,70 ($25,85 ($24,35 ($26,24 ($29,34 ($31,86 ($33,96 ($34,15 ($29,99 ($23,28 ($12,875
0) 0) 6) 9) 3) 5) 6) 4) 5) 1) 4) 0) )