Financial Plan(safari Internet Cafe

Financial Plan for a local internet cafe Figures
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Transcript The free content within this entire web site is for information only. The content is believed to be accurate, but only in general terms. Specific advice is needed for individuals & businesses. ROK Connect Limited (Registered in England No.3573320) t/a Biz Help 24 is registered with the Data Protection Act 1998 No.PZ7082780 Terms of use Advertise With BizHelp24 © ROK Connect Limited 2008. All rights reserved. Press Releases Website design by: PCD Financial Plan The following sections lay out the details of our financial plan for the two three years. Start-up Funding This business plan is prepared to obtain financing in the amount of P100,000 .The supplemental financing is required to begin work on site preparation and modifications, equipment purchases, and to cover expenses in the first year of operations. This amount is planned to be repaid by 50,000 each year by two years. Owners’ investments has already been secured as follows: 1. P20,000 of personal savings from owner Kealeboga Thobolo. 2. P20,000 from the second partner,Keletso. 3.P20,000 from Kuatji 4.P20,000 from Irene Molefhi 5.P20,000 from Florence Rankhudu. 6.P20,000 from Kagiso 7.P20,000 from Kandivirua 8.P20,000 from the other lady 9. P25,900 in the form of short-term bank loans. Pula Start-up Expenses to Fund Start-up Assets to Fund Total Funding Required Assets Inventory Cash Balance Total Assets Liabilities Short Term Bank Loans Funds Needed to Raise Total Liabilities Capital Kealeboga Thobolo Keletso Kuatji Irene Molefhi Florence Rankhudu Kagiso Kandi The new lady Total Planned Investment Projected Profit and Loss 22,900 60,000 82,900 20,000 185,000 205,000 25,900 50,000 75,900 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 160,000 The Profit & Loss Account (P&L) is a report of the company's profit on the sale of their goods or the provision of their service over a trading period, normally one year. Payroll Expense: The partners of Safari Interneti Café, Kealeboga Thobolo,Keletso,Irene Molefi, Florence Rankhudu ,Kagiso, Kandi, kuatji, will receive a salary of P240,000 in year one, P264,000 in year two,Safari internet Café intends to hire six part-time employees in year one at P55/hour and a full-time technician at P100/hour. Rent Expense: Safari Internet Café is leasing a 100m2 at P500/month for a total of 24 months. At the end of the two years, the lease is open for negotiations and safari Internet Café may or may not re-sign the lease depending on the demands of our services. Utilities Expense: As stated in the contract, the cafe is responsible for the payment of utilities including gas, garbage disposal, and real estate taxes. The most common expenses that safari internet Café must pay are electricity and the phone bill generated by fifteen phone lines; thirteen will be dedicated to broadband and two for business purposes. Marketing Expense: Safari Internet Café will allocate P50,500 for promotional expenses over the first year. This amount will be used for advertising in magazines,daily newspapers and posters in order to build consumer awareness. Insurance Expense: Safari internet Café has allocated P200 for insurance for the first year. As revenue increases in the second of business, Safari internet Café intends to invest more money for additional insurance coverage. Sales Less:Cost of Sales Opening Stock Pruchases Less:Closing Stock Gross Profit Less: expenses Rent Insurance Electricity Telephone Stationery Postage Bank charge Advertising NET PROFIT 2009 PULA 50,000 20,000 50,000 30,000 500 200 150 250 500 100 150 450 Projected Cash Flow 2010 PULA 75000 5000 30,000 20,000 10,000 40,000 10,000 2300 7700 500 200 150 250 500 150 15 450 70,000 40,000 30,000 2215 27,785 CASH BUDGET JANUARY FEBRUARY MARCH Sales Reciepts Capital TOTAL RECIEPTS 30,000 100,000 130,000 30,000 40,000 30,000 40,000 PAYMENTS Purchases Fixed assets Rent/Rates Insurance Electricity Telephone Stationery Postage Bank charges Advertising TOTAL PAYMENTS 50,000 45,000 500 200 150 250 500 100 150 450 17,500 52,500 500 200 150 250 500 100 17,500 450 450 RECIEPTS CASH FLOW FOR MONTH BANK BALANCE B/F BANK BALABCE C/F Projected Balance Sheet 500 200 150 250 500 100 Fixed Assets Cash Total Current Assets Total Assets Long-term Liabilities Total Liabilities Net Assets Paid-in Capital Retained Earnings Net Worth