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Plan Outline
Automobile Restoration Business Plan
Phaethon's Chariot Restorations
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 | |||||||||||||
| Restoration Work | 0% | £5,000 | £5,750 | £6,613 | £7,604 | £8,745 | £10,057 | £11,565 | £13,300 | £15,295 | £17,589 | £20,228 | £23,262 |
| Paint Work | 0% | £1,500 | £1,755 | £2,053 | £2,402 | £2,811 | £3,289 | £3,848 | £4,502 | £5,267 | £6,163 | £7,210 | £8,436 |
| Parts | 0% | £3,000 | £3,360 | £3,763 | £4,215 | £4,721 | £5,287 | £5,921 | £6,632 | £7,428 | £8,319 | £9,318 | £10,436 |
| Service | 0% | £3,600 | £3,600 | £3,000 | £3,900 | £3,900 | £3,600 | £3,600 | £3,900 | £3,900 | £3,900 | £3,900 | £3,600 |
| Total Sales | £13,100 | £14,465 | £15,429 | £18,122 | £20,176 | £22,232 | £24,935 | £28,334 | £31,890 | £35,971 | £40,656 | £45,734 | |
| 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 | |
| Restoration Work | 0% | £675 | £810 | £972 | £1,166 | £1,400 | £1,680 | £2,016 | £2,419 | £2,902 | £3,483 | £4,179 | £5,015 |
| Paint Work | 0% | £313 | £359 | £413 | £475 | £547 | £629 | £723 | £831 | £956 | £1,099 | £1,264 | £1,454 |
| Parts | 0% | £0 | £3,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 |
| Service | 0% | £1,440 | £1,440 | £1,200 | £1,560 | £1,560 | £1,440 | £1,440 | £1,560 | £1,560 | £1,560 | £1,560 | £1,440 |
| Subtotal Direct Cost of Sales | £2,428 | £5,609 | £3,585 | £4,202 | £4,506 | £4,748 | £5,178 | £5,810 | £6,418 | £7,142 | £8,004 | £8,909 | |
| 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 | ||
| Owner | 0% | £1,000 | £1,000 | £1,000 | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 |
| Foreman | 0% | £0 | £1,000 | £1,000 | £1,000 | £1,500 | £1,500 | £1,700 | £1,700 | £2,000 | £2,000 | £2,000 | £2,000 |
| Sheet Metal & Body Technician(s) | 0% | £0 | £0 | £0 | £0 | £0 | £1,833 | £1,833 | £1,833 | £1,833 | £1,833 | £1,833 | £1,833 |
| Automotive Mechanic(s) | 0% | £0 | £0 | £0 | £0 | £0 | £2,166 | £2,166 | £2,166 | £2,166 | £2,166 | £2,166 | £2,166 |
| Painting Technician | 0% | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £1,500 | £1,500 | £1,750 | £2,000 |
| Admin Asst. | 0% | £0 | £0 | £0 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 |
| Total People | 1 | 2 | 2 | 3 | 3 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | |
| Total Payroll | £1,000 | £2,000 | £2,000 | £4,000 | £4,500 | £8,499 | £8,699 | £8,699 | £10,499 | £10,499 | £10,749 | £10,999 | |
| 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 | £13,100 | £14,465 | £15,429 | £18,122 | £20,176 | £22,232 | £24,935 | £28,334 | £31,890 | £35,971 | £40,656 | £45,734 | |
| Direct Cost of Sales | £2,428 | £5,609 | £3,585 | £4,202 | £4,506 | £4,748 | £5,178 | £5,810 | £6,418 | £7,142 | £8,004 | £8,909 | |
| Other Costs of Sales | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Total Cost of Sales | £2,428 | £5,609 | £3,585 | £4,202 | £4,506 | £4,748 | £5,178 | £5,810 | £6,418 | £7,142 | £8,004 | £8,909 | |
| Gross Margin | £10,673 | £8,856 | £11,844 | £13,920 | £15,670 | £17,484 | £19,756 | £22,524 | £25,472 | £28,829 | £32,652 | £36,824 | |
| Gross Margin % | 81.47% | 61.22% | 76.76% | 76.81% | 77.67% | 78.64% | 79.23% | 79.49% | 79.87% | 80.14% | 80.31% | 80.52% | |
| Expenses | |||||||||||||
| Payroll | £1,000 | £2,000 | £2,000 | £4,000 | £4,500 | £8,499 | £8,699 | £8,699 | £10,499 | £10,499 | £10,749 | £10,999 | |
| Marketing/Promotion | £0 | £1,000 | £1,000 | £1,500 | £1,500 | £2,500 | £2,500 | £2,500 | £2,500 | £2,500 | £2,500 | £2,500 | |
| Depreciation | £1,666 | £1,666 | £1,666 | £1,666 | £1,666 | £1,666 | £1,666 | £1,666 | £1,666 | £1,666 | £1,666 | £1,666 | |
| Rent | £1,800 | £1,800 | £1,800 | £1,800 | £1,800 | £1,800 | £1,800 | £1,800 | £1,800 | £1,800 | £1,800 | £1,800 | |
| Utilities | £2,000 | £1,200 | £1,200 | £1,200 | £1,200 | £1,200 | £1,200 | £1,200 | £1,200 | £1,200 | £1,200 | £1,200 | |
| Insurance | £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% | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Fixtures | £1,000 | £1,000 | £1,200 | £300 | £300 | £300 | £300 | £300 | £300 | £1,000 | £1,000 | £1,000 | |
| Total Operating Expenses | £9,466 | £10,666 | £10,866 | £12,466 | £12,966 | £17,965 | £18,165 | £18,165 | £19,965 | £20,665 | £20,915 | £21,165 | |
| Profit Before Interest and Taxes | £1,207 | (£1,810) | £978 | £1,454 | £2,704 | (£481) | £1,591 | £4,359 | £5,507 | £8,164 | £11,737 | £15,659 | |
| EBITDA | £2,873 | (£144) | £2,644 | £3,120 | £4,370 | £1,185 | £3,257 | £6,025 | £7,173 | £9,830 | £13,403 | £17,325 | |
| Interest Expense | £588 | £590 | £587 | £572 | £561 | £554 | £548 | £549 | £534 | £527 | £536 | £525 | |
| Taxes Incurred | £185 | (£720) | £117 | £264 | £643 | (£311) | £313 | £1,143 | £1,492 | £2,291 | £3,360 | £4,540 | |
| Net Profit | £433 | (£1,680) | £273 | £617 | £1,500 | (£725) | £731 | £2,667 | £3,481 | £5,346 | £7,840 | £10,594 | |
| Net Profit/Sales | 3.30% | -11.62% | 1.77% | 3.41% | 7.43% | -3.26% | 2.93% | 9.41% | 10.92% | 14.86% | 19.28% | 23.16% | |
| 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 | £13,100 | £14,465 | £15,429 | £18,122 | £20,176 | £22,232 | £24,935 | £28,334 | £31,890 | £35,971 | £40,656 | £45,734 | |
| Subtotal Cash from Operations | £13,100 | £14,465 | £15,429 | £18,122 | £20,176 | £22,232 | £24,935 | £28,334 | £31,890 | £35,971 | £40,656 | £45,734 | |
| Additional Cash Received | |||||||||||||
| Sales Tax, VAT, HST/GST Received | 6.66% | £872 | £963 | £1,028 | £1,207 | £1,344 | £1,481 | £1,661 | £1,887 | £2,124 | £2,396 | £2,708 | £3,046 |
| New Current Borrowing | £0 | £1,000 | £1,000 | £0 | £0 | £0 | £0 | £1,000 | £0 | £0 | £2,000 | £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 | £13,972 | £16,428 | £17,457 | £19,328 | £21,520 | £23,713 | £26,595 | £31,221 | £34,014 | £38,367 | £45,363 | £48,779 | |
| 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 | £1,000 | £2,000 | £2,000 | £4,000 | £4,500 | £8,499 | £8,699 | £8,699 | £10,499 | £10,499 | £10,749 | £10,999 | |
| Bill Payments | £6,429 | £13,056 | £18,478 | £8,061 | £12,625 | £13,125 | £13,323 | £14,762 | £16,595 | £17,542 | £19,982 | £22,195 | |
| Subtotal Spent on Operations | £7,429 | £15,056 | £20,478 | £12,061 | £17,125 | £21,624 | £22,022 | £23,461 | £27,094 | £28,041 | £30,731 | £33,194 | |
| Additional Cash Spent | |||||||||||||
| Sales Tax, VAT, HST/GST Paid Out | £872 | £963 | £1,028 | £1,207 | £1,344 | £1,481 | £1,661 | £1,887 | £2,124 | £2,396 | £2,708 | £3,046 | |
| Principal Repayment of Current Borrowing | £0 | £0 | £500 | £1,000 | £500 | £0 | £0 | £0 | £1,000 | £0 | £0 | £500 | |
| Other Liabilities Principal Repayment | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Long-term Liabilities Principal Repayment | £1,336 | £1,342 | £1,349 | £1,356 | £1,363 | £1,370 | £1,376 | £1,383 | £1,390 | £1,397 | £1,404 | £1,410 | |
| Purchase Other Current Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Purchase Long-term Assets | £200 | £200 | £200 | £200 | £200 | £200 | £200 | £200 | £200 | £200 | £200 | £200 | |
| Dividends | £0 | £0 | £0 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | |
| Subtotal Cash Spent | £9,837 | £17,561 | £23,555 | £16,824 | £21,532 | £25,674 | £26,259 | £27,931 | £32,808 | £33,034 | £36,042 | £39,350 | |
| Net Cash Flow | £4,135 | (£1,133) | (£6,098) | £2,504 | (£12) | (£1,961) | £336 | £3,290 | £1,206 | £5,333 | £9,321 | £9,429 | |
| Cash Balance | £14,135 | £13,003 | £6,904 | £9,409 | £9,397 | £7,435 | £7,772 | £11,062 | £12,268 | £17,601 | £26,922 | £36,352 | |
| 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 | £10,000 | £14,135 | £13,003 | £6,904 | £9,409 | £9,397 | £7,435 | £7,772 | £11,062 | £12,268 | £17,601 | £26,922 | £36,352 |
| Inventory | £2,000 | £4,855 | £11,219 | £7,633 | £8,403 | £9,012 | £9,496 | £10,357 | £11,620 | £12,837 | £14,284 | £16,007 | £17,818 |
| Other Current Assets | £30,000 | £30,000 | £30,000 | £30,000 | £30,000 | £30,000 | £30,000 | £30,000 | £30,000 | £30,000 | £30,000 | £30,000 | £30,000 |
| Total Current Assets | £42,000 | £48,990 | £54,221 | £44,538 | £47,812 | £48,409 | £46,932 | £48,128 | £52,682 | £55,105 | £61,886 | £72,929 | £84,170 |
| Long-term Assets | |||||||||||||
| Long-term Assets | £100,000 | £100,200 | £100,400 | £100,600 | £100,800 | £101,000 | £101,200 | £101,400 | £101,600 | £101,800 | £102,000 | £102,200 | £102,400 |
| Accumulated Depreciation | £0 | £1,666 | £3,332 | £4,998 | £6,664 | £8,330 | £9,996 | £11,662 | £13,328 | £14,994 | £16,660 | £18,326 | £19,992 |
| Total Long-term Assets | £100,000 | £98,534 | £97,068 | £95,602 | £94,136 | £92,670 | £91,204 | £89,738 | £88,272 | £86,806 | £85,340 | £83,874 | £82,408 |
| Total Assets | £142,000 | £147,524 | £151,289 | £140,140 | £141,948 | £141,079 | £138,136 | £137,866 | £140,954 | £141,911 | £147,226 | £156,803 | £166,578 |
| 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 | £6,000 | £12,428 | £18,215 | £7,641 | £12,188 | £12,682 | £12,833 | £14,209 | £16,013 | £16,879 | £19,244 | £21,386 | £23,476 |
| Current Borrowing | £0 | £0 | £1,000 | £1,500 | £500 | £0 | £0 | £0 | £1,000 | £0 | £0 | £2,000 | £1,500 |
| Other Current Liabilities | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 |
| Subtotal Current Liabilities | £11,500 | £17,928 | £24,715 | £14,641 | £18,188 | £18,182 | £18,333 | £19,709 | £22,513 | £22,379 | £24,744 | £28,886 | £30,476 |
| Long-term Liabilities | £119,000 | £117,664 | £116,322 | £114,973 | £113,617 | £112,254 | £110,884 | £109,508 | £108,125 | £106,735 | £105,338 | £103,934 | £102,524 |
| Total Liabilities | £130,500 | £135,592 | £141,037 | £129,614 | £131,805 | £130,436 | £129,217 | £129,217 | £130,638 | £129,114 | £130,082 | £132,820 | £133,000 |
| Paid-in Capital | £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 |
| Retained Earnings | (£23,500) | (£23,500) | (£23,500) | (£23,500) | (£24,500) | (£25,500) | (£26,500) | (£27,500) | (£28,500) | (£29,500) | (£30,500) | (£31,500) | (£32,500) |
| Earnings | £0 | £433 | (£1,247) | (£974) | (£357) | £1,143 | £418 | £1,149 | £3,816 | £7,297 | £12,643 | £20,484 | £31,078 |
| Total Capital | £11,500 | £11,933 | £10,253 | £10,526 | £10,143 | £10,643 | £8,918 | £8,649 | £10,316 | £12,797 | £17,143 | £23,984 | £33,578 |
| Total Liabilities and Capital | £142,000 | £147,524 | £151,289 | £140,140 | £141,948 | £141,079 | £138,136 | £137,866 | £140,954 | £141,911 | £147,226 | £156,803 | £166,578 |
| Net Worth | £11,500 | £11,933 | £10,253 | £10,526 | £10,143 | £10,643 | £8,918 | £8,649 | £10,316 | £12,797 | £17,143 | £23,984 | £33,578 |