Company Name

Estimated Start-Up Costs

Item Cost Assumptions/Explantion

Start-Up Expenses
Certifications
Consulting Fees
Expensed Equipment
Financial Institution Fees 2% of loan, $500 for credit mach.
Identity Set/Stationary
Insurance (prepaid expense)
Licenses City, State, County
Marketing Materials
Owner's Wages (generally set at $0 or minimal)
Payroll (with 25% for benefits & taxes)
Permits
Professional Fees - Accounting
Professional Fees - Legal
Professional Fees - Other
Rent
Research & Development
Supplies - Office
Telephone/Internet
Travel/Fuel (.55xMILES)
Utilities
Web Fees
Other
Total Start-Up Expenses $ -

Start-Up Assets
Cash on Hand (petty cash - not reserve)
Building (if purchased)
Cars, Trucks and Other Vehicles
Equipment (including installation)
Furniture & Fixtures
Inventory - Raw Materials
Inventory - Semi-Finished Goods
Inventory - Finished Goods
Land (if purchased)
Leasehold Improvements
Machinery
Rent Deposit (may be expensed)
Signage (may be expensed)
Utility Deposits (may be expensed)
Total Start-Up Assets $ -

Total Start-Up Requirements $ -

Contingency Funds (10%) $ -

Start-Up with Contingency $ -

 Company Name
Cash Flow Statement
For Year Ending

Start-Up 1Q 2Q 3Q 4Q Year 1

Starting Cash $ - $ - $ 150,000 $ 107,500 $ 67,500 $ -

Cash in from Operations (Sales) + $ - $ 1,500 $ 4,500 $ 11,000 $ 25,000 $ 42,000

Cash out from Operations (COGS,
Expenses, Taxes) - $ - $ 50,000 $ 45,000 $ 51,000 $ 60,000 $ 206,000

Cash in from Investing (equity infusions,

earnings on investments) + $ 200,000 $ - $ - $ 200,000
Cash out from Investing (equipment
purchases, repaying investors)- $ - $ 1,500 $ 2,000 $ - $ 3,500

Cash in from Financing (loans)+ $ - $ - $ - $ - $ -

Cash out for Financing (repayment of debt)
- $ - $ -

Ending Cash Balance (= starting balance

for next period) $ - $ 150,000 $ 107,500 $ 67,500 $ 32,500 $ 32,500
 Year 2 Year 3

$ 32,500 $ 67,500

$ 150,000 $ 300,000

$ 110,000 $ 130,000

$ - $ -

$ 5,000 $ 5,000

$ - $ -

$ 67,500 $ 232,500
 Company Name
Cash Flow Statement
For the Period Ending

1Q 2Q 3Q 4Q
Cash Flows from Operating Activities
Net Income
Adjustments to Reconcile Net Income to Net Cash
Provided by Operating Activities
Depreciation Expenses
Increase in Accounts Receivable (enter as negative)
Increase in Inventory (enter as negative)
Increase in Accounts Payable
Increase in Notes Payable
Increase in Taxes Payable $ - $ - $ - $ -
Net Cash Provided by Operating Activities $ - $ - $ - $ -

Cash Flows from Investing Activities

Acquisition of Plant Assets (enter as negative)
Disposal of Plant Assets
Net Cash Outflow from Investing Activities $ - $ - $ - $ -

Cash Flows from Financing Activities

Proceeds from Issuance of Preferred Stock
Proceeds from Issuance of Common Stock
Proceeds from New Long-Term Debt
Payment of Long-Term Debt (enter as negative)
Net Cash Inflow from Financing Activities $ - $ - $ - $ -

Net Increase in Cash $ - $ - $ - $ -

Beginning Cash Balance $ - $ - $ -
Ending Cash Balance $ - $ - $ - $ -
 Year 1 Year 2 Year 3

$ -

$ -
$ -
$ -
$ -
$ -
$ - $ - $ - $ -
$ - $ - $ -

$ -
$ -
$ - $ - $ -

$ -
$ -
$ -
$ -
$ - $ - $ -

$ - $ - $ -
$ - $ - $ -
$ - $ - $ -
 Company Name
Balance Sheet
As of

Start-up 1Q 2Q 3Q 4Q Year 1 Year 2 Year 3

ASSETS
Current Assets
Cash $ - $ 150,000 $ 107,500 $ 67,500 $ 32,500 $ 32,500 $ 67,500 $ 232,500
Inventory $ -
Pre-paid Rent $ -
Pre-paid Utilities $ - $ 5,000.00 $ 7,000.00 $ 7,000.00 $ 7,000.00 $ 7,000.00 $ - $ -
Total Current Assets $ - $ 155,000 $ 114,500 $ 74,500 $ 39,500 $ 39,500 $ 67,500 $ 232,500

Long-Term Assets
Building $ - $ - $ -
Less accumulated depreciation (negative) $ -
Equipment $ - $ - $ -
Less accumulated depreciation $ -
Furniture & Fixtures $ - $ - $ -
Less accumulated depreciation $ -
Land $ - $ - $ -
Leasehold Improvements - Net $ - $ - $ -
Machinery $ - $ - $ -
Less accumulated depreciation $ -
Signage $ - $ - $ -
Less accumulated depreciation $ -
Total Long-Term Assets $ - $ - $ - $ - $ - $ - $ - $ -
TOTAL ASSETS $ - $ 155,000 $ 114,500 $ 74,500 $ 39,500 $ 39,500 $ 67,500 $ 232,500

LIABILITIES
Current Liabilities
Accounts Payable - Trade $ -
Compensation Payable $ -
Notes Payable - Bank $ -
Taxes Payable $ - $ - $ - $ - $ - $ - $ -
Current Portion of L-T Liabilities $ -
Total Current Liabilities $ - $ - $ - $ - $ - $ - $ - $ -

Long-Term Liabilities (net of current portion)

Building Mortgage Payable $ -
Equipment Loan Payable $ -
Total Long-Term Liabilities $ - $ - $ - $ - $ - $ - $ - $ -

Total Liabilities $ - $ - $ - $ - $ - $ - $ - $ -

Equity
Paid-in-Capital $ -
Retained Earnings $ - $ 118,000 $ 373,000
Total Equity $ - $ - $ - $ - $ - $ - $ 118,000 $ 373,000

TOTAL LIABILITIES AND EQUITY $ - $ - $ - $ - $ - $ - $ 118,000 $ 373,000

 Company Name
Income Statement
For the Period Ending

1Q 2Q 3Q 4Q Year 1 Year 2 Year 3

Net Sales
Product #1 $ 5,000 $ 10,000 $ 20,000 $ 40,000 $ 75,000 $ 200,000 $ 350,000
Product #2 $ - $ - $ - $ - $ - $ - $ -
Product #3 $ - $ - $ - $ - $ - $ - $ -
Product #4 $ - $ - $ - $ - $ - $ - $ -
Total Net Sales $ 5,000 $ 10,000 $ 20,000 $ 40,000 $ 75,000 $ 200,000 $ 350,000

Cost of Goods Sold

Materials $ -
Direct Labor $ -
Total COGS $ - $ - $ - $ - $ - $ - $ -

GROSS PROFIT $ 5,000 $ 10,000 $ 20,000 $ 40,000 $ 75,000 $ 200,000 $ 350,000

Operating Expenses
Advertising/marketing expense 6,000 6,000 6,000 6,000 $ 24,000 36,000 40,000
Depreciation expense 3,000 4,000 4,000 4,000 $ 15,000 25,000 30,000
Indirect labor expense 2,000 2,000 2,000 2,000 $ 8,000 10,000 12,000
Insurance expense 1,000 1,000 1,000 1,000 $ 4,000 5,000 5,000
Licensing expense 1,000 1,000 1,000 1,000 $ 4,000 6,000 8,000
Office supplies expense $ -
Owner's wage expense $ -
Rent expense $ -
Sales commissions expense $ -
Store supplies expense $ -
Travel/Fuel (.55*Miles) $ -
Utilities expense $ -

Total Operating Expenses $ 13,000 $ 14,000 $ 14,000 $ 14,000 $ 55,000 $ 82,000 $ 95,000

Earnings Before Interest and Taxes (EBIT) $ (8,000) $ (4,000) $ 6,000 $ 26,000 $ 20,000 $ 118,000 $ 255,000

Other Expenses:
Interest expense $ -
Total Other Expenses $ - $ - $ - $ - $ -
Pre-Tax Profit $ (8,000) $ (4,000) $ 6,000 $ 26,000 $ 20,000 $ 118,000 $ 255,000

Taxes $ - $ 11,800.00 $ 25,500.00

Net Profit $ (8,000.00) $ (4,000.00) $ 6,000.00 $26,000.00 $20,000.00 $ 106,200.00 $ 229,500.00
 Company Name
Financial Ratios

Liquidity Ratios
Current Ratio Current Assets/Current Liabilities
Quick Ratio (Current Assets - Inventory - Prepaids)/Current Liabilities
Activity Ratios
Inventory Turnover Cost of Goods Sold/Average Inventory at Cost
Ave. Inventory = (Beginning Inv. + Ending Inv.)/2
Accounts Receivable Turnover Credit Sales/Accounts Receivable
Average Collection Period Days per Year/Accounts Receivable Turnover
Fixed Asset Turnover Net Sales/Fixed Assets
Total Asset Turnover Net Sales/Total Assets
Leverage Ratios
Debt-to-Equity Total Liabilities/Owner's Equity
Debt-to-Total-Assets Total Liabilities/Total Assets
Times-Interest-Earned Operating Income/Interest
Profitability Ratios
Gross Profit Margin Gross Profit/Net Sales
Operating Profit Margin EBIT/Net Sales
Net Profit Margin Net Profit/Net Sales
Operating Return on Assets EBIT/Total Assets
Net Return on Assets (ROA or ROI) Net Profit/Total Assets
Return on Equity (ROE) Net Profit/Owner's Equity

Sources of Comparative Ratios for the industry include Robert Morris Associates Statement Studies,
The Value Line Investment Survey, and Dun & Bradstreet Industry Norms and Key Business Ratios.
Year 1 Year 2 Year 3 Industry
 Company Name
Sales Projections

Q1 Q2 Q3 Q4 Year 1 Year 2 Year 3

Product 1
Units
Price
Gross Sales $ - $ - $ - $ - $ - $ - $ -
Returns & allowances $ -
Net Sales $ - $ - $ - $ - $ - $ - $ -

Product 2 Q1 Q2 Q3 Q4 Year 1 Year 2 Year 3

Units
Price
Gross Sales $ - $ - $ - $ - $ - $ - $ -
Returns & allowances $ -
Net Sales $ - $ - $ - $ - $ - $ - $ -

Q1 Q2 Q3 Q4 Year 1 Year 2 Year 3

Units
Price
Gross Sales $ - $ - $ - $ - $ - $ - $ -
Returns & allowances $ -
Net Sales $ - $ - $ - $ - $ - $ - $ -

Product 4 Q1 Q2 Q3 Q4 Year 1 Year 2 Year 3

Units
Price
Gross Sales $ - $ - $ - $ - $ - $ - $ -
Returns & allowances $ - $ - $ - $ -
Net Sales $ - $ - $ - $ - $ - $ - $ -

Total Sales $ - $ - $ - $ - $ - $ - $ -