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Plan Outline
Auto Repair Shop Business Plan
F and R Auto Repair
This sample business plan can be edited directly in Business Plan Pro software.
Appendix
| Sales 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 | ||
| Sales | |||||||||||||
| Routine maintenance | 0% | £4,000 | £4,000 | £4,000 | £4,000 | £4,000 | £4,000 | £4,500 | £4,500 | £4,500 | £4,500 | £4,500 | £4,500 |
| Small repair jobs | 0% | £4,500 | £4,500 | £4,500 | £4,500 | £4,500 | £4,500 | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 |
| Large repair jobs | 0% | £4,800 | £4,800 | £4,800 | £4,800 | £4,800 | £4,800 | £6,500 | £6,500 | £6,500 | £6,500 | £6,500 | £6,500 |
| Total Sales | £13,300 | £13,300 | £13,300 | £13,300 | £13,300 | £13,300 | £16,500 | £16,500 | £16,500 | £16,500 | £16,500 | £16,500 | |
| Direct Cost of Sales | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Routine maintenance | £400 | £400 | £400 | £400 | £400 | £400 | £450 | £450 | £450 | £450 | £450 | £450 | |
| Small repair jobs | £450 | £450 | £450 | £450 | £450 | £450 | £550 | £550 | £550 | £550 | £550 | £550 | |
| Large repair jobs | £480 | £480 | £480 | £480 | £480 | £480 | £650 | £650 | £650 | £650 | £650 | £650 | |
| Subtotal Direct Cost of Sales | £1,330 | £1,330 | £1,330 | £1,330 | £1,330 | £1,330 | £1,650 | £1,650 | £1,650 | £1,650 | £1,650 | £1,650 | |
| 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 | ||
| Mr. Ford | 0% | £3,000 | £3,000 | £3,000 | £3,000 | £3,000 | £3,000 | £3,000 | £3,000 | £3,000 | £3,000 | £3,000 | £3,000 |
| Mr. Ronald | 0% | £3,000 | £3,000 | £3,000 | £3,000 | £3,000 | £3,000 | £3,000 | £3,000 | £3,000 | £3,000 | £3,000 | £3,000 |
| Office manager (part time) | 0% | £1,200 | £1,200 | £1,200 | £1,200 | £1,200 | £1,200 | £1,200 | £1,200 | £1,200 | £1,200 | £1,200 | £1,200 |
| Apprentice mechanic (part time) | 0% | £0 | £0 | £0 | £0 | £0 | £0 | £1,150 | £1,150 | £1,150 | £1,150 | £1,150 | £1,150 |
| Apprentice mechanic (part time) | 0% | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Apprentice mechanic (part time) | 0% | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Total People | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | |
| Total Payroll | £7,200 | £7,200 | £7,200 | £7,200 | £7,200 | £7,200 | £8,350 | £8,350 | £8,350 | £8,350 | £8,350 | £8,350 | |
| 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 | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Long-term Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Tax Rate | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | |
| Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pro Forma Profit and Loss | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Sales | £13,300 | £13,300 | £13,300 | £13,300 | £13,300 | £13,300 | £16,500 | £16,500 | £16,500 | £16,500 | £16,500 | £16,500 | |
| Direct Cost of Sales | £1,330 | £1,330 | £1,330 | £1,330 | £1,330 | £1,330 | £1,650 | £1,650 | £1,650 | £1,650 | £1,650 | £1,650 | |
| Other Production Expenses | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Total Cost of Sales | £1,330 | £1,330 | £1,330 | £1,330 | £1,330 | £1,330 | £1,650 | £1,650 | £1,650 | £1,650 | £1,650 | £1,650 | |
| Gross Margin | £11,970 | £11,970 | £11,970 | £11,970 | £11,970 | £11,970 | £14,850 | £14,850 | £14,850 | £14,850 | £14,850 | £14,850 | |
| Gross Margin % | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | |
| Expenses | |||||||||||||
| Payroll | £7,200 | £7,200 | £7,200 | £7,200 | £7,200 | £7,200 | £8,350 | £8,350 | £8,350 | £8,350 | £8,350 | £8,350 | |
| Sales and Marketing and Other Expenses | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | |
| Depreciation | £166 | £166 | £166 | £166 | £166 | £166 | £166 | £166 | £166 | £166 | £166 | £166 | |
| Leased Equipment | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | |
| Utilities | £400 | £400 | £400 | £400 | £400 | £400 | £400 | £400 | £400 | £400 | £400 | £400 | |
| Insurance | £600 | £600 | £600 | £600 | £600 | £600 | £600 | £600 | £600 | £600 | £600 | £600 | |
| Rent | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 | |
| Payroll Taxes | 15% | £1,080 | £1,080 | £1,080 | £1,080 | £1,080 | £1,080 | £1,253 | £1,253 | £1,253 | £1,253 | £1,253 | £1,253 |
| Other | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Total Operating Expenses | £12,446 | £12,446 | £12,446 | £12,446 | £12,446 | £12,446 | £13,769 | £13,769 | £13,769 | £13,769 | £13,769 | £13,769 | |
| Profit Before Interest and Taxes | (£476) | (£476) | (£476) | (£476) | (£476) | (£476) | £1,082 | £1,082 | £1,082 | £1,082 | £1,082 | £1,082 | |
| EBITDA | (£310) | (£310) | (£310) | (£310) | (£310) | (£310) | £1,248 | £1,248 | £1,248 | £1,248 | £1,248 | £1,248 | |
| Interest Expense | £165 | £164 | £162 | £161 | £160 | £158 | £157 | £156 | £154 | £153 | £151 | £150 | |
| Taxes Incurred | (£192) | (£192) | (£192) | (£191) | (£191) | (£190) | £277 | £278 | £278 | £279 | £279 | £279 | |
| Net Profit | (£449) | (£448) | (£447) | (£446) | (£445) | (£444) | £647 | £648 | £649 | £650 | £651 | £652 | |
| Net Profit/Sales | -3.38% | -3.37% | -3.36% | -3.35% | -3.35% | -3.34% | 3.92% | 3.93% | 3.93% | 3.94% | 3.95% | 3.95% | |
| 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 Sales | £11,970 | £11,970 | £11,970 | £11,970 | £11,970 | £11,970 | £14,850 | £14,850 | £14,850 | £14,850 | £14,850 | £14,850 | |
| Cash from Receivables | £0 | £44 | £1,330 | £1,330 | £1,330 | £1,330 | £1,330 | £1,341 | £1,650 | £1,650 | £1,650 | £1,650 | |
| Subtotal Cash from Operations | £11,970 | £12,014 | £13,300 | £13,300 | £13,300 | £13,300 | £16,180 | £16,191 | £16,500 | £16,500 | £16,500 | £16,500 | |
| 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 | £11,970 | £12,014 | £13,300 | £13,300 | £13,300 | £13,300 | £16,180 | £16,191 | £16,500 | £16,500 | £16,500 | £16,500 | |
| 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 | £7,200 | £7,200 | £7,200 | £7,200 | £7,200 | £7,200 | £8,350 | £8,350 | £8,350 | £8,350 | £8,350 | £8,350 | |
| Bill Payments | £262 | £7,797 | £6,382 | £6,381 | £6,380 | £6,379 | £6,422 | £7,677 | £7,336 | £7,335 | £7,334 | £7,333 | |
| Subtotal Spent on Operations | £7,462 | £14,997 | £13,582 | £13,581 | £13,580 | £13,579 | £14,772 | £16,027 | £15,686 | £15,685 | £15,684 | £15,683 | |
| 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 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | |
| 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 | £7,628 | £15,164 | £13,749 | £13,748 | £13,747 | £13,746 | £14,938 | £16,194 | £15,852 | £15,852 | £15,851 | £15,850 | |
| Net Cash Flow | £4,342 | (£3,149) | (£449) | (£448) | (£447) | (£446) | £1,242 | (£3) | £648 | £648 | £649 | £650 | |
| Cash Balance | £7,242 | £4,092 | £3,644 | £3,196 | £2,750 | £2,304 | £3,546 | £3,543 | £4,190 | £4,839 | £5,488 | £6,138 | |
| 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 | £2,900 | £7,242 | £4,092 | £3,644 | £3,196 | £2,750 | £2,304 | £3,546 | £3,543 | £4,190 | £4,839 | £5,488 | £6,138 |
| Accounts Receivable | £0 | £1,330 | £2,616 | £2,616 | £2,616 | £2,616 | £2,616 | £2,936 | £3,245 | £3,245 | £3,245 | £3,245 | £3,245 |
| Inventory | £0 | £1,463 | £1,463 | £1,463 | £1,463 | £1,463 | £1,463 | £1,815 | £1,815 | £1,815 | £1,815 | £1,815 | £1,815 |
| Other Current Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Total Current Assets | £2,900 | £10,035 | £8,171 | £7,722 | £7,275 | £6,828 | £6,383 | £8,296 | £8,603 | £9,250 | £9,899 | £10,548 | £11,198 |
| Long-term Assets | |||||||||||||
| Long-term Assets | £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 |
| Accumulated Depreciation | £0 | £166 | £332 | £498 | £664 | £830 | £996 | £1,162 | £1,328 | £1,494 | £1,660 | £1,826 | £1,992 |
| Total Long-term Assets | £20,000 | £19,834 | £19,668 | £19,502 | £19,336 | £19,170 | £19,004 | £18,838 | £18,672 | £18,506 | £18,340 | £18,174 | £18,008 |
| Total Assets | £22,900 | £29,869 | £27,839 | £27,224 | £26,611 | £25,998 | £25,387 | £27,134 | £27,275 | £27,756 | £28,239 | £28,722 | £29,206 |
| 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 | £7,584 | £6,169 | £6,168 | £6,167 | £6,166 | £6,165 | £7,433 | £7,091 | £7,090 | £7,089 | £7,088 | £7,088 |
| 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 | £7,584 | £6,169 | £6,168 | £6,167 | £6,166 | £6,165 | £7,433 | £7,091 | £7,090 | £7,089 | £7,088 | £7,088 |
| Long-term Liabilities | £20,000 | £19,833 | £19,667 | £19,500 | £19,333 | £19,167 | £19,000 | £18,833 | £18,667 | £18,500 | £18,333 | £18,167 | £18,000 |
| Total Liabilities | £20,000 | £27,418 | £25,836 | £25,668 | £25,501 | £25,333 | £25,165 | £26,266 | £25,758 | £25,590 | £25,423 | £25,255 | £25,088 |
| Paid-in Capital | £12,000 | £12,000 | £12,000 | £12,000 | £12,000 | £12,000 | £12,000 | £12,000 | £12,000 | £12,000 | £12,000 | £12,000 | £12,000 |
| Retained Earnings | (£9,100) | (£9,100) | (£9,100) | (£9,100) | (£9,100) | (£9,100) | (£9,100) | (£9,100) | (£9,100) | (£9,100) | (£9,100) | (£9,100) | (£9,100) |
| Earnings | £0 | (£449) | (£897) | (£1,344) | (£1,790) | (£2,235) | (£2,679) | (£2,032) | (£1,383) | (£734) | (£84) | £567 | £1,219 |
| Total Capital | £2,900 | £2,451 | £2,003 | £1,556 | £1,110 | £665 | £221 | £868 | £1,517 | £2,166 | £2,816 | £3,467 | £4,119 |
| Total Liabilities and Capital | £22,900 | £29,869 | £27,839 | £27,224 | £26,611 | £25,998 | £25,387 | £27,134 | £27,275 | £27,756 | £28,239 | £28,722 | £29,206 |
| Net Worth | £2,900 | £2,451 | £2,003 | £1,556 | £1,110 | £665 | £221 | £868 | £1,517 | £2,166 | £2,816 | £3,467 | £4,119 |