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Plan Outline
Art School Museum Business Plan
Hands On! Children's Art Museum
This sample business plan can be edited directly in Business Plan Pro software.
Appendix
| Funding Forecast | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Funding | |||||||||||||
| Membership | 0% | £1,500 | £2,000 | £2,500 | £2,400 | £2,400 | £2,400 | £2,400 | £2,300 | £2,200 | £2,200 | £2,200 | £2,500 |
| Admissions | 0% | £4,080 | £5,280 | £6,000 | £6,600 | £6,600 | £6,600 | £6,600 | £6,000 | £4,200 | £4,200 | £4,200 | £6,000 |
| Culture Bugs/Art Colony/Apprentice | 0% | £2,600 | £2,800 | £3,000 | £4,533 | £4,533 | £4,533 | £4,533 | £4,533 | £3,200 | £3,200 | £3,200 | £4,533 |
| Family Wkshp/Film & Concert Series | 0% | £205 | £505 | £205 | £505 | £205 | £505 | £205 | £505 | £205 | £505 | £205 | £505 |
| Birthday Parties/Rentals | 0% | £0 | £275 | £275 | £275 | £275 | £275 | £275 | £275 | £275 | £275 | £275 | £275 |
| Outreach Programs | 0% | £400 | £900 | £1,100 | £1,200 | £1,200 | £1,200 | £1,200 | £1,200 | £1,100 | £1,100 | £1,100 | £1,200 |
| Curiosity Shop | 0% | £700 | £1,500 | £1,800 | £1,400 | £1,600 | £1,700 | £1,700 | £1,700 | £1,500 | £1,500 | £1,500 | £1,600 |
| Foundation Grants | 0% | £0 | £0 | £10,000 | £0 | £10,000 | £0 | £0 | £10,000 | £0 | £10,000 | £0 | £10,000 |
| Corporate Sponsorship | 0% | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 |
| Annual Family Benefit/Events | 0% | £0 | £5,000 | £0 | £0 | £0 | £35,000 | £0 | £0 | £5,000 | £0 | £0 | £0 |
| Affinity Campaigns | 0% | £0 | £300 | £400 | £0 | £500 | £500 | £0 | £500 | £500 | £0 | £500 | £500 |
| Total Funding | £10,485 | £19,560 | £26,280 | £17,913 | £28,313 | £53,713 | £17,913 | £28,013 | £19,180 | £23,980 | £14,180 | £28,113 | |
| Direct Cost of Funding | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Membership | £60 | £80 | £90 | £100 | £110 | £110 | £110 | £110 | £90 | £90 | £90 | £90 | |
| Admissions | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Culture Bugs/Art Colony/Apprentice | £100 | £130 | £140 | £200 | £200 | £200 | £200 | £200 | £150 | £150 | £150 | £200 | |
| Family Wkshp/Film & Concert Series | £25 | £275 | £25 | £275 | £25 | £275 | £25 | £275 | £25 | £275 | £25 | £275 | |
| Birthday Parties/Rentals | £0 | £63 | £63 | £63 | £63 | £63 | £63 | £63 | £63 | £63 | £63 | £63 | |
| Outreach Programs | £20 | £45 | £55 | £65 | £75 | £75 | £75 | £70 | £55 | £55 | £55 | £75 | |
| Curiosity Shop | £350 | £750 | £900 | £700 | £800 | £850 | £850 | £850 | £750 | £750 | £750 | £800 | |
| Foundation Grants | £15 | £15 | £15 | £15 | £15 | £15 | £15 | £15 | £15 | £15 | £15 | £15 | |
| Corporate Sponsorship | £10 | £10 | £10 | £10 | £10 | £10 | £10 | £10 | £10 | £10 | £10 | £10 | |
| Annual Family Benefit/Events | £0 | £500 | £0 | £0 | £0 | £2,500 | £0 | £0 | £500 | £0 | £0 | £0 | |
| Affinity Campaigns | £0 | £5 | £5 | £0 | £5 | £5 | £0 | £5 | £5 | £0 | £5 | £5 | |
| Subtotal Cost of Funding | £580 | £1,873 | £1,303 | £1,428 | £1,303 | £4,103 | £1,348 | £1,598 | £1,663 | £1,408 | £1,163 | £1,533 | |
| Personnel Plan | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Directors | 0% | £7,200 | £7,200 | £7,200 | £7,200 | £7,200 | £7,200 | £7,200 | £7,200 | £7,200 | £7,200 | £7,200 | £7,200 |
| Culture Bugs/Art Colony Coordinator | 0% | £0 | £0 | £0 | £720 | £720 | £720 | £720 | £720 | £720 | £720 | £720 | £720 |
| Curator | 0% | £900 | £900 | £900 | £900 | £900 | £900 | £900 | £900 | £900 | £900 | £900 | £900 |
| Store Staff | 0% | £1,360 | £1,360 | £1,360 | £1,360 | £1,360 | £1,360 | £1,360 | £1,360 | £1,360 | £1,360 | £1,360 | £1,360 |
| Junior Staff | 0% | £0 | £810 | £1,215 | £1,215 | £1,215 | £1,215 | £1,215 | £1,215 | £1,215 | £1,215 | £1,215 | £1,215 |
| Senior Staff | 0% | £3,120 | £3,120 | £3,120 | £3,120 | £3,120 | £3,120 | £3,120 | £3,120 | £3,120 | £3,120 | £3,120 | £3,120 |
| Total People | 10 | 12 | 13 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | |
| Total Payroll | £12,580 | £13,390 | £13,795 | £14,515 | £14,515 | £14,515 | £14,515 | £14,515 | £14,515 | £14,515 | £14,515 | £14,515 | |
| General Assumptions | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
| Current Interest Rate | 6.50% | 6.50% | 6.50% | 6.50% | 6.50% | 6.50% | 6.50% | 6.50% | 6.50% | 6.50% | 6.50% | 6.50% | |
| Long-term Interest Rate | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | |
| Tax Rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Surplus and Deficit | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Funding | £10,485 | £19,560 | £26,280 | £17,913 | £28,313 | £53,713 | £17,913 | £28,013 | £19,180 | £23,980 | £14,180 | £28,113 | |
| Direct Cost | £580 | £1,873 | £1,303 | £1,428 | £1,303 | £4,103 | £1,348 | £1,598 | £1,663 | £1,408 | £1,163 | £1,533 | |
| Other | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Total Direct Cost | £580 | £1,873 | £1,303 | £1,428 | £1,303 | £4,103 | £1,348 | £1,598 | £1,663 | £1,408 | £1,163 | £1,533 | |
| Gross Surplus | £9,905 | £17,687 | £24,977 | £16,485 | £27,010 | £49,610 | £16,565 | £26,415 | £17,517 | £22,572 | £13,017 | £26,580 | |
| Gross Surplus % | 94.47% | 90.42% | 95.04% | 92.03% | 95.40% | 92.36% | 92.47% | 94.30% | 91.33% | 94.13% | 91.80% | 94.55% | |
| Expenses | |||||||||||||
| Payroll | £12,580 | £13,390 | £13,795 | £14,515 | £14,515 | £14,515 | £14,515 | £14,515 | £14,515 | £14,515 | £14,515 | £14,515 | |
| Sales and Marketing and Other Expenses | £4,075 | £4,600 | £4,400 | £4,600 | £5,000 | £4,500 | £4,500 | £4,650 | £4,500 | £4,500 | £4,500 | £4,500 | |
| Depreciation | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | |
| Leased Equipment | £50 | £50 | £50 | £50 | £50 | £50 | £50 | £50 | £50 | £50 | £50 | £50 | |
| Utilities | £1,200 | £1,200 | £1,200 | £1,200 | £1,200 | £1,200 | £1,200 | £1,200 | £1,200 | £1,200 | £1,200 | £1,200 | |
| Insurance | £0 | £0 | £0 | £875 | £0 | £0 | £0 | £875 | £0 | £0 | £0 | £875 | |
| Payroll Taxes | 15% | £1,887 | £2,009 | £2,069 | £2,177 | £2,177 | £2,177 | £2,177 | £2,177 | £2,177 | £2,177 | £2,177 | £2,177 |
| Other | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Total Operating Expenses | £19,959 | £21,416 | £21,681 | £23,584 | £23,109 | £22,609 | £22,609 | £23,634 | £22,609 | £22,609 | £22,609 | £23,484 | |
| Surplus Before Interest and Taxes | (£10,054) | (£3,729) | £3,296 | (£7,099) | £3,901 | £27,001 | (£6,044) | £2,781 | (£5,092) | (£37) | (£9,592) | £3,096 | |
| EBITDA | (£9,887) | (£3,562) | £3,463 | (£6,932) | £4,068 | £27,168 | (£5,877) | £2,948 | (£4,925) | £130 | (£9,425) | £3,263 | |
| Interest Expense | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Taxes Incurred | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Net Surplus | (£10,054) | (£3,729) | £3,296 | (£7,099) | £3,901 | £27,001 | (£6,044) | £2,781 | (£5,092) | (£37) | (£9,592) | £3,096 | |
| Net Surplus/Funding | -95.89% | -19.06% | 12.54% | -39.63% | 13.78% | 50.27% | -33.74% | 9.93% | -26.55% | -0.16% | -67.65% | 11.01% | |
| Pro Forma Cash Flow | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Cash Received | |||||||||||||
| Cash from Operations | |||||||||||||
| Cash Funding | £9,646 | £17,995 | £24,178 | £16,480 | £26,048 | £49,416 | £16,480 | £25,772 | £17,646 | £22,062 | £13,046 | £25,864 | |
| Cash from Receivables | £0 | £28 | £863 | £1,583 | £2,080 | £1,461 | £2,333 | £4,202 | £1,460 | £2,217 | £1,547 | £1,892 | |
| Subtotal Cash from Operations | £9,646 | £18,023 | £25,041 | £18,063 | £28,128 | £50,877 | £18,813 | £29,974 | £19,106 | £24,279 | £14,593 | £27,756 | |
| Additional Cash Received | |||||||||||||
| Sales Tax, VAT, HST/GST Received | 0.00% | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| New Current Borrowing | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| New Other Liabilities (interest-free) | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| New Long-term Liabilities | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Sales of Other Current Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Sales of Long-term Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| New Investment Received | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Subtotal Cash Received | £9,646 | £18,023 | £25,041 | £18,063 | £28,128 | £50,877 | £18,813 | £29,974 | £19,106 | £24,279 | £14,593 | £27,756 | |
| Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Expenditures from Operations | |||||||||||||
| Cash Spending | £12,580 | £13,390 | £13,795 | £14,515 | £14,515 | £14,515 | £14,515 | £14,515 | £14,515 | £14,515 | £14,515 | £14,515 | |
| Bill Payments | £240 | £7,334 | £10,800 | £8,767 | £10,125 | £9,777 | £14,871 | £7,995 | £9,918 | £8,929 | £8,978 | £8,984 | |
| Subtotal Spent on Operations | £12,820 | £20,724 | £24,595 | £23,282 | £24,640 | £24,292 | £29,386 | £22,510 | £24,433 | £23,444 | £23,493 | £23,499 | |
| Additional Cash Spent | |||||||||||||
| Sales Tax, VAT, HST/GST Paid Out | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Principal Repayment of Current Borrowing | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Other Liabilities Principal Repayment | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Long-term Liabilities Principal Repayment | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Purchase Other Current Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Purchase Long-term Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Dividends | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Subtotal Cash Spent | £12,820 | £20,724 | £24,595 | £23,282 | £24,640 | £24,292 | £29,386 | £22,510 | £24,433 | £23,444 | £23,493 | £23,499 | |
| Net Cash Flow | (£3,174) | (£2,701) | £446 | (£5,219) | £3,488 | £26,585 | (£10,573) | £7,464 | (£5,328) | £835 | (£8,900) | £4,257 | |
| Cash Balance | £21,826 | £19,125 | £19,571 | £14,351 | £17,839 | £44,424 | £33,851 | £41,315 | £35,987 | £36,822 | £27,922 | £32,179 | |
| Pro Forma Balance Sheet | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Assets | Starting Balances | ||||||||||||
| Current Assets | |||||||||||||
| Cash | £25,000 | £21,826 | £19,125 | £19,571 | £14,351 | £17,839 | £44,424 | £33,851 | £41,315 | £35,987 | £36,822 | £27,922 | £32,179 |
| Accounts Receivable | £0 | £839 | £2,376 | £3,615 | £3,465 | £3,650 | £6,487 | £5,587 | £3,626 | £3,701 | £3,402 | £2,989 | £3,346 |
| Inventory | £1,500 | £920 | £2,060 | £1,757 | £1,571 | £1,433 | £4,513 | £3,165 | £2,567 | £1,904 | £1,549 | £1,386 | £1,686 |
| Other Current Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Total Current Assets | £26,500 | £23,585 | £23,561 | £24,943 | £19,388 | £22,923 | £55,424 | £42,603 | £47,509 | £41,592 | £41,773 | £32,297 | £37,211 |
| Long-term Assets | |||||||||||||
| Long-term Assets | £8,500 | £8,500 | £8,500 | £8,500 | £8,500 | £8,500 | £8,500 | £8,500 | £8,500 | £8,500 | £8,500 | £8,500 | £8,500 |
| Accumulated Depreciation | £0 | £167 | £334 | £501 | £668 | £835 | £1,002 | £1,169 | £1,336 | £1,503 | £1,670 | £1,837 | £2,004 |
| Total Long-term Assets | £8,500 | £8,333 | £8,166 | £7,999 | £7,832 | £7,665 | £7,498 | £7,331 | £7,164 | £6,997 | £6,830 | £6,663 | £6,496 |
| Total Assets | £35,000 | £31,918 | £31,727 | £32,942 | £27,220 | £30,588 | £62,922 | £49,934 | £54,673 | £48,589 | £48,603 | £38,960 | £43,707 |
| Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Current Liabilities | |||||||||||||
| Accounts Payable | £0 | £6,972 | £10,509 | £8,429 | £9,806 | £9,273 | £14,607 | £7,663 | £9,621 | £8,630 | £8,680 | £8,630 | £10,281 |
| Current Borrowing | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Other Current Liabilities | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Subtotal Current Liabilities | £0 | £6,972 | £10,509 | £8,429 | £9,806 | £9,273 | £14,607 | £7,663 | £9,621 | £8,630 | £8,680 | £8,630 | £10,281 |
| Long-term Liabilities | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Total Liabilities | £0 | £6,972 | £10,509 | £8,429 | £9,806 | £9,273 | £14,607 | £7,663 | £9,621 | £8,630 | £8,680 | £8,630 | £10,281 |
| Paid-in Capital | £70,000 | £70,000 | £70,000 | £70,000 | £70,000 | £70,000 | £70,000 | £70,000 | £70,000 | £70,000 | £70,000 | £70,000 | £70,000 |
| Accumulated Surplus/Deficit | (£35,000) | (£35,000) | (£35,000) | (£35,000) | (£35,000) | (£35,000) | (£35,000) | (£35,000) | (£35,000) | (£35,000) | (£35,000) | (£35,000) | (£35,000) |
| Surplus/Deficit | £0 | (£10,054) | (£13,783) | (£10,487) | (£17,586) | (£13,685) | £13,316 | £7,271 | £10,052 | £4,960 | £4,923 | (£4,670) | (£1,574) |
| Total Capital | £35,000 | £24,946 | £21,218 | £24,513 | £17,414 | £21,315 | £48,316 | £42,271 | £45,052 | £39,960 | £39,923 | £30,330 | £33,426 |
| Total Liabilities and Capital | £35,000 | £31,918 | £31,727 | £32,942 | £27,220 | £30,588 | £62,922 | £49,934 | £54,673 | £48,589 | £48,603 | £38,960 | £43,707 |
| Net Worth | £35,000 | £24,946 | £21,217 | £24,513 | £17,414 | £21,315 | £48,315 | £42,271 | £45,052 | £39,960 | £39,922 | £30,330 | £33,426 |