Feasibility Study: Business Plan Template 2018 Partnership Services

Business Plan - Financial Template
2018 version
General Information
Name of Business/Organization
Year of start of operations
Number of business owners
Instructions for Use

Change only the areas in light gold.
Before placing your financial statements on your business plan, ensure that fill colors are removed and
Copy only the white area on your paper.
Template made by: Inst. Kenneth L. Manuel, CPA

Financial Template
SEATtled
2018
3
statements on your business plan, ensure that fill colors are removed and set to "none"
your paper.
eth L. Manuel, CPA

SEATtled
Schedule of Initial Capitalization
Cash Contribution: Note: If business is a sole pr

Partner 1 1,000,000 no need to provide for a sche
Partner 2 1,000,000 capitalization on the Financia
Partner 3 1,000,000 business plan
Initial Capital 3,000,000 Note: Indicate surname only.

Note: If business is a sole proprietorship, there is
no need to provide for a schedule of initial
capitalization on the Financial Aspect of your
business plan
Note: Indicate surname only.

SEATtled
Projected Pre-Operating Cash Flow
Cash Contribution 3,000,000

Less: Pre-operating Disbursements
Payment of advanced rentals 150,000
Purchase of fixed assets 500,968
Purchase of supplies 28,434 (679,402)
Cash Available for Use in Operations 2,320,598
SEATtled
Schedule of Fixed Assets and Depreciation
Equipment
Cost Useful Life Depreciation
Computer Set 200,000 8 25,000
Printer/Photocopy Machine 45,900 10 4,590
Airconditioner 69,394 10 6,939
Flourescent Light 25,600 2 12,800
Extension Cord 15,000 10 1,500
Microwave 2,699 5 540
Refrigerator 24,000 12 2,000
Name of equipment 8 - 1 -
Total 382,593 53,369
Furniture and Fixtures

Chair 29,990 3 9,997
Computer Table 49,990 5 9,998
Sofa 13,599 3 4,533
Office Table 16,797 5 3,359
Cabinet 7,999 5 1,600
Name of furniture 6 - 1 -
118,375 29,487
Vehicles
Name of vehicles 1 - 1 -
- -
Building Cost Useful Life Depreciation

Building 1 - 1 -
Accumulated Depreciation 2018 2019 2020

Equipment 53,369 106,738 160,108
Furniture and Fixtures 29,487 58,974 88,461
Vehicles - - -
Building - - -
82,856 165,712 248,568
Equipment include electric/mechanical powered assets that
are used in business Common examples are stove,
production machines, refrigerators, and computers
Furniture and fixtures include chairs, tables, cabinets, lockers,

and store shelves.
Do not include any building if your business is merely leasing

the building.
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Sales Budget
Insert Name of Product/Service

Year 2018 2019
Number of services rendered 200 350
Price 150,000.00 154,500.00
Total sales revenue 30,000,000 54,075,000

Year 2018 2019
Number of services rendered - -
Price - -
Total sales revenue - -

Year 2018 2019
Price - -

Year 2018 2019
Price - -
2018 2019
Insert Name of Product/Service 30,000,000 54,075,000
Insert Name of Product/Service - -
Total sales 30,000,000 54,075,000
Financial assumptions:
Selling price is expected to increase by 3% annually
Number of units sold is based on the demand and supply analysis.
2020 All sales are on cash basis
500 At the end of the year, consignee has remitted all of its proceeds from sale to the
159,135.00
79,567,500
2020 Note: In case your business has multiple products with different prices,
- continue with the following lines. Do not fill the succeeding lines if you only
- have one product.
-
2020
-
-
-
2020
-
-
-
2020
79,567,500
-
-
-
79,567,500
ply analysis.
proceeds from sale to the consignor.
different prices,
ing lines if you only
SEATtled This is applicable only for single pro
Product/Service Costing you have multiple products/services
Material Cost
Ingredients/Materials 1 Note: Specify ingredients or materia
Ingredients/Materials 2
Total -
Divided by: Number of services 1 Note: For food service, this may refe
Material cost per service - servings made.
Direct Labor Cost

Web Developer (Monthly) 35,000 Note: Specify salaried workers. Indic
System Analyst (Monthly) 30,000 or monthly salary
Graphic Designer (Monthly) 30,000 Note: Salary must not be below the
Salaried Worker 4 Note: DO NOT include workers who
Salaried Worker 5 production or rendering of services (
Total 95,000 clerks, managers, human resource s
Divided by: Number of services 1
Labor cost per service 95,000
Material cost per service -

Labor cost per service 95,000
Total cost per service 95,000
icable only for single product. Do not fill this up if
multiple products/services
ify ingredients or materials used.
ood service, this may refer to the number of
ify salaried workers. Indicate hourly, daily, weekly,
y must not be below the minimum wage.

NOT include workers who are not involved in the
or rendering of services (e.g., accountants, office
nagers, human resource staff)
Material Cost
Ingredients/Materials 1 -
Total -
Direct Labor Cost

Salaried Worker 1
Salaried Worker 2
Salaried Worker 3
Salaried Worker 4
Salaried Worker 5
Total -
Labor cost per service -

Total cost per service -
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Product/Service Costing
Material Cost
Total -
Direct Labor Cost

Salaried Worker 1
Salaried Worker 2
Salaried Worker 3
Salaried Worker 4
Salaried Worker 5
Total -

SEATtled
uct/Service Costing
Material Cost
Total -
Direct Labor Cost

Salaried Worker 1
Salaried Worker 2
Salaried Worker 3
Salaried Worker 4
Salaried Worker 5
Total -

Material Cost
Ingredients/Materials 1 Note: Specify ingredients or materials used.
Total -
Divided by: Number of services 1 Note: For food service, this may refer to the
Material cost per service - servings made.
Direct Labor Cost

Salaried Worker 1 Note: Specify salaried workers. Indicate hou
Salaried Worker 2 or monthly salary
Salaried Worker 3 Note: Salary must not be below the minimum
Salaried Worker 4 Note: DO NOT include workers who are not
Salaried Worker 5 production or rendering of services (e.g., acc
Total - clerks, managers, human resource staff)

nts or materials used.
e, this may refer to the number of
workers. Indicate hourly, daily, weekly,
be below the minimum wage.

e workers who are not involved in the
ng of services (e.g., accountants, office
man resource staff)
SEATtled
Cost of Sales/Cost of Services/Cost of Goods Sold Schedule

Year 2018 2019
Units sold/service rendered 200 350
Unit product cost 95,000.00 97,850.00
Cost of sales/goods sold/services 19,000,000 34,247,500

Year 2018 2019
Units sold/service rendered - -
Unit product cost - -
Cost of sales/goods sold/services - -

Year 2018 2019

Year 2018 2019
2018 2019
Insert Name of Product/Service 19,000,000 34,247,500
Total cost of sales/services/goods s 19,000,000 34,247,500
ld Schedule Financial assumptions:
Selling price is expected to increase by 3% annually
2020
500 Note: Units sold/service rendered should be based on your demand/
100,785.50 supply analysis
50,392,750
Note: In case your business offers multiple products/services with

2020 different prices, continue with the following table. Do not fill the
- succeeding lines if you only have one product/service.
-
-
2020
-
-
-
2020
-
-
-
2020
50,392,750
-
-
-
50,392,750
n your demand/
services with
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Operating Expenses Schedule
Rental Expense
Year 2018 2019
Monthly Rental 150,000 151,500
Multiply by: Months 12 12
Annual rental 1,800,000 1,818,000
Utilities Expense
Year 2018 2019
Monthly Utilities 60,000 63,000
Annual utilities 720,000 756,000
Supplies Expense
Year 2018 2019
Annual supplies 28,434
Pre-operating supplies consumed 28,434
Annual supplies 56,868 58,005
Salaries Expense
Year 2018 2019
Manager 40,000 41,200
HR 25,000 25,750
Finance 30,000 30,900
Finance 30,000 30,900
Monthly salaries 125,000 128,750
Annual salaries 1,500,000 1,545,000
Selling Expense
Year 2018 2019
Online Advertisements 10,000 8,000
Salaries of Marketing Staff/Manager (A 20,000 20,600
Other selling expenses 5,000 6,000
Annual selling expense 35,000 34,600
Taxes and Licenses Expense

Year 2018 2019
Mayor's Permit 5,000 5,000
Sanitary Permit 90 90
Fire/Safety Permit 649 649
BIR registration 500 500
DTI registration/Name verification 2,000 2,000
Community tax 1,300 1,300
SEC registration 10,000 10,000
Percentage tax expense 900,000 1,622,250
Other taxes and licenses 2,620 2,620
Annual taxes and licenses expense 922,159 1,644,409
Monthly rental is expected to increase by 1% annually
Monthly utilities is expected to increase by 5% annually
Supplies is expected to increase by 2% annually
2020 Monthly salaries is expected to increase by 3% annually
153,015
12
1,836,180
2020
66,150 Note: Utilities expense comprise of a business' electric and
12 water bills
793,800
2020
59,165
2020
42,436
26,523
31,827
31,827
132,613
12
1,591,350
2020
6,000
21,218
7,000
34,218
2020
5,000
90
649
500
2,000
1,300
10,000 SEC registration is applicable only for partnerships and corporations
2,387,025
2,620
2,409,184
corporations
SEATtled
Percentage Tax Schedule
Year 2018 2019 2020

Sales 30,000,000 54,075,000 79,567,500
Percentage tax rate 3% 3% 3%
Percentage tax due 900,000 1,622,250 2,387,025
SEATtled
Schedule of Percentage Tax Payments
Year 2018 2019 2020

Percentage tax due 900,000 1,622,250 2,387,025
Payment within the year (75%) 675,000 1,216,688 1,790,269

Payment next year (25%) 225,000 405,563
Cash payments 675,000 1,441,688 2,195,831
SEATtled
Schedule of Income Tax Payments
Year 2018 2019 2020

Income tax due 1,764,935 4,166,589 6,710,399
Payment within the year (75%) 1,323,701 3,124,942 5,032,799

Payment next year (25%) 441,234 1,041,647
Cash payments 1,323,701 3,566,176 6,074,447
Note: If gross sales/receipts for the year does not
exceed P3,000,000, the business shall be liable for
the payment of percentage tax. If the gross
sales/receipts exceed P3,000,000, 12% VAT will
apply.
596,756.25 Percentage tax payable balance, 2020
1,677,599.77 Income tax payable balance, 2020

SEATtled
Schedule of Supplies
Particulars Quantity Unit Cost Total

Bond paper 3 790 2,370
Pens 25 45 1,125
Pencils 2 86 172
Paper Clips 2 55 110
Brooms 2 150 300
Dustpans 2 100 200
Dishwashing liquid 20 75 1,500
Sponge 12 30 360
Tissue 24 25 600
Soap 12 25 300
Light bulbs 5 250 1,250
Trash bin 3 399 1,197
Sticky notes 5 499 2,495
White board 2 7,200 14,400
Marker 4 45 180
Clip Board 15 125 1,875
Total supplies 28,434
Note: List of supplies are not exclusive. You may
add whatever is applicable for your business.
Supplies are items that do not last for 12 months.
Financial Assumption
All supplies are used by year-end.
SEATtled
Income Statement
For the years ending 2018, 2019, and 2020
2018 2019
Sales 30,000,000 54,075,000
Less: Spoilage allowance - -
Less: Cost of sales/services/goods sold (19,000,000) (34,247,500)
Gross profit 11,000,000 19,827,500
Less: Operating expenses
Rent Expense (1,800,000) (1,818,000)
Utilities Expense (720,000) (756,000)
Supplies Expense (56,868) (58,005)
Salaries Expense (1,500,000) (1,545,000)
Selling Expense (35,000) (34,600)
Taxes and Licenses Expense (922,159) (1,644,409)
Depreciation Expense (82,856) (82,856)
Net income before tax 5,883,117 13,888,630
Income Tax (30%) (1,764,935) (4,166,589)
Net income after tax 4,118,182 9,722,041
0
2020
79,567,500
-
(50,392,750)
29,174,750
(1,836,180)
(793,800)
(59,165)
(1,591,350)
(34,218)
(2,409,184)
(82,856)
22,367,997
(6,710,399)
15,657,598
SEATtled
Statement of Changes in Owner's Equity
Partner 1 Pre-operating 2018

Beginning capital - 1,000,000
Add: Additional Investment 1,000,000 -
Add: Share in Net Income - 1,372,727
Less: Withdrawal - 125,000
Ending Capital 1,000,000 2,497,727

Less: Withdrawal - -
Ending Capital 1,000,000 2,372,727

Less: Withdrawal - 225,000
Ending Capital 1,000,000 2,597,727
SEATtled
Schedule of Distribution of Income
2017
Net Income 4,118,182
Partner 1 1,372,727
Partner 2 1,372,727
Partner 3 1,372,727
er's Equity
9, and 2020
2019 2020
2,497,727 6,338,408
300,000 500,000
3,240,680 5,219,199
300,000 500,000
6,338,408 12,557,607
2019 2020
2,372,727 6,063,408
250,000 425,000
3,240,680 5,219,199
200,000 50,000
6,063,408 11,757,607
2019 2020
2,597,727 6,513,408
450,000 450,000
3,240,680 5,219,199
225,000 225,000
6,513,408 12,407,607
Income
2018 2019
9,722,041 15,657,598
3,240,680 5,219,199
3,240,680 5,219,199
3,240,680 5,219,199
SEATtled
Statement of Financial Position
As of the years ending 2018, 2019, and 2020
Pre-operating 2018
ASSETS
CURRENT ASSETS
Cash 2,320,598 7,016,304
Accounts Receivable - -
Supplies 28,434 -
Prepayments 150,000 -
Total Current Assets 2,499,032 7,016,304
NONCURRENT ASSETS
Equipment 382,593 329,224
Furniture and Fixtures 118,375 88,888
Vehicles - -
Building - -
Land - -
Total Noncurrent Assets 500,968 418,112
TOTAL ASSETS 3,000,000 7,434,416
LIABILITIES
Accounts Payable - -
Percentage Tax Payable - 225,000
Income Tax Payable - 441,234
TOTAL LIABILITIES - 666,234
CAPITAL
Partner 1, Capital 1,000,000 2,497,727
Partner 2, Capital 1,000,000 2,372,727
Partner 3, Capital 1,000,000 2,597,727
-
TOTAL CAPITAL 3,000,000 7,468,182
TOTAL LIABILITIES AND CAPITAL 3,000,000 8,134,416
Schedule 1 - Equipment Pre-operating 2018

Cost 382,593 382,593
Less: Accumulated Depreciation - (53,369)
Book value 382,593 329,224
Schedule 2 - Furniture and Fixtures Pre-operating 2018

Cost 118,375 118,375
Less: Accumulated Depreciation - (29,487)
Book value 118,375 88,888
sition
9, and 2020
2019 2020
16,877,177 32,669,777
- -
- -
- -
16,877,177 32,669,777
275,855 222,485
59,401 29,914
- -
- -
- -
335,256 252,400
17,212,433 32,922,177
- -
405,563 596,756
1,041,647 1,677,600
1,447,210 2,274,356
6,338,408 12,557,607
6,063,408 11,757,607
6,513,408 12,407,607
18,915,223 36,722,821
20,362,433 38,997,177
2019 2020
382,593 382,593
(106,738) (160,108)
275,855 222,485
2019 2020
118,375 118,375
(58,974) (88,461)
59,401 29,914
SEATtled
Statement of Cash Flows
2018
Beginning cash balance 2,320,598
Operating Activities
Net Income 4,118,182
Add: Depreciation 82,856
Decrease (Increase) In Accounts Receivable -
Decrease (Increase) In Supplies 28,434
Decrease (Increase) In Prepayments 150,000
Increase (Decrease) in Accounts Payable -
Increase (Decrease) in Percentage Tax Payable 225,000
Increase (Decrease) in Income Tax Payable 441,234
Net Cash Inflow (Outflow) from Operating Activities 5,045,706
Investing Activities -
Financing Activities
Additional Investment by Owner -
Withdrawal by the Owner (350,000)
Net Cash Inflow (Outflow) from Operating Activities (350,000)
Net Cash Inflow (Outflow) 4,695,706
Ending cash balance 7,016,304

ws
, and 2020
2019 2020
7,016,304 16,877,177
9,722,041 15,657,598
82,856 82,856
- -
- -
- -
- -
180,563 191,194
600,413 635,953
10,585,873 16,567,600
- -
- -
(725,000) (775,000)
(725,000) (775,000)
9,860,873 15,792,600
16,877,177 32,669,777
SEATtled
Financial Ratios
Liquidity Ratios
2018 2019
Current Assets 7,016,304 16,877,177
Divided by: Current Liabilities 666,234 1,447,210
Current Ratio 10.53 11.66
2018 2019
Quick Assets 7,016,304 16,877,177
Divided by: Current Liabilities 666,234 1,447,210
Acid Test Ratio/Quick Ratio 10.53 11.66
Solvency Ratios
2018 2019
Total liabilities 666,234 1,447,210
Divided by: Total Assets 7,434,416 17,212,433
Debt ratio 8.96% 8.41%
2018 2019
Total equity 2,497,727 6,338,408
Equity ratio 33.60% 36.82%
Profitability Ratios
2018 2019
Gross profit 11,000,000 19,827,500
Divided by: Sales 30,000,000 54,075,000
Gross profit ratio 36.67% 36.67%
2018 2019
Net profit 4,118,182 9,722,041
Divided by: Sales 30,000,000 54,075,000
Net profit margin 13.73% 17.98%
2018 2019
Net profit 4,118,182 9,722,041
Return on Assets 55.39% 56.48%
2020
32,669,777
2,274,356
14.36
2020
32,669,777
2,274,356
14.36
2020
2,274,356
32,922,177
6.91%
2020
12,557,607
32,922,177
38.14%
2020
29,174,750
79,567,500
36.67%
2020
15,657,598
79,567,500
19.68%
2020
15,657,598
32,922,177
47.56%

Feasibility Study: Business Plan Template 2018 Partnership Services

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Feasibility Study: Business Plan Template 2018 Partnership Services

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Drepturi de autor:

Formate disponibile

Business Plan - Financial Template

Instructions for Use

Template made by: Inst. Kenneth L. Manuel, CPA

eth L. Manuel, CPA

Cash Contribution: Note: If business is a sole pr

Initial Capital 3,000,000 Note: Indicate surname only.

Note: Indicate surname only.

Cash Contribution 3,000,000

Furniture and Fixtures

Building Cost Useful Life Depreciation

Accumulated Depreciation 2018 2019 2020

Furniture and fixtures include chairs, tables, cabinets, lockers,

Do not include any building if your business is merely leasing

Insert Name of Product/Service

Insert Name of Product/Service

Insert Name of Product/Service

Insert Name of Product/Service

proceeds from sale to the consignor.

Direct Labor Cost

Material cost per service -

ify ingredients or materials used.

ood service, this may refer to the number of

ify salaried workers. Indicate hourly, daily, weekly,

y must not be below the minimum wage.

Direct Labor Cost

Material cost per service -

Insert Name of Product/Service

Direct Labor Cost

Material cost per service -

Insert Name of Product/Service

Direct Labor Cost

Material cost per service -

Direct Labor Cost

Material cost per service -

e, this may refer to the number of

workers. Indicate hourly, daily, weekly,

be below the minimum wage.

Insert Name of Product/Service

Insert Name of Product/Service

Insert Name of Product/Service

Insert Name of Product/Service

Note: In case your business offers multiple products/services with

Taxes and Licenses Expense

Year 2018 2019 2020

Year 2018 2019 2020

Payment within the year (75%) 675,000 1,216,688 1,790,269

Year 2018 2019 2020

Payment within the year (75%) 1,323,701 3,124,942 5,032,799

596,756.25 Percentage tax payable balance, 2020

1,677,599.77 Income tax payable balance, 2020

Particulars Quantity Unit Cost Total

Partner 1 Pre-operating 2018

Partner 2 Pre-operating 2018

Partner 3 Pre-operating 2018

TOTAL ASSETS 3,000,000 7,434,416

TOTAL LIABILITIES AND CAPITAL 3,000,000 8,134,416

Schedule 1 - Equipment Pre-operating 2018

Schedule 2 - Furniture and Fixtures Pre-operating 2018

Net Cash Inflow (Outflow) 4,695,706

Ending cash balance 7,016,304

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