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Plan Outline
Bed and Breakfast Inn Business Plan
Magnolia Inn
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 | |||||||||||||
| Reservations | 0% | £18,000 | £20,000 | £24,482 | £24,727 | £24,974 | £25,224 | £25,476 | £25,731 | £25,989 | £26,248 | £26,511 | £26,776 |
| Drop-ins | 0% | £2,000 | £3,000 | £4,080 | £4,121 | £4,162 | £4,204 | £4,246 | £4,289 | £4,331 | £4,375 | £4,418 | £4,463 |
| Total Sales | £20,000 | £23,000 | £28,563 | £28,848 | £29,137 | £29,428 | £29,723 | £30,020 | £30,320 | £30,623 | £30,929 | £31,239 | |
| 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 | |
| Reservations | £900 | £1,000 | £1,224 | £1,236 | £1,249 | £1,261 | £1,274 | £1,287 | £1,299 | £1,312 | £1,326 | £1,339 | |
| Drop-ins | £100 | £150 | £204 | £206 | £208 | £210 | £212 | £214 | £217 | £219 | £221 | £223 | |
| Subtotal Direct Cost of Sales | £1,000 | £1,150 | £1,428 | £1,442 | £1,457 | £1,471 | £1,486 | £1,501 | £1,516 | £1,531 | £1,546 | £1,562 | |
| 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 | ||
| Owners | 0% | £3,000 | £4,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 |
| Full time Staff | 0% | £4,000 | £4,000 | £4,000 | £4,000 | £4,000 | £4,000 | £4,000 | £4,000 | £4,000 | £4,000 | £4,000 | £4,000 |
| Total People | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | |
| Total Payroll | £7,000 | £8,000 | £9,000 | £9,000 | £9,000 | £9,000 | £9,000 | £9,000 | £9,000 | £9,000 | £9,000 | £9,000 | |
| 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 | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | |
| Long-term Interest Rate | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | |
| Tax Rate | 30.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | |
| 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 | £20,000 | £23,000 | £28,563 | £28,848 | £29,137 | £29,428 | £29,723 | £30,020 | £30,320 | £30,623 | £30,929 | £31,239 | |
| Direct Cost of Sales | £1,000 | £1,150 | £1,428 | £1,442 | £1,457 | £1,471 | £1,486 | £1,501 | £1,516 | £1,531 | £1,546 | £1,562 | |
| Other Costs of Sales | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | |
| Total Cost of Sales | £2,000 | £2,150 | £2,428 | £2,442 | £2,457 | £2,471 | £2,486 | £2,501 | £2,516 | £2,531 | £2,546 | £2,562 | |
| Gross Margin | £18,000 | £20,850 | £26,135 | £26,406 | £26,680 | £26,957 | £27,236 | £27,519 | £27,804 | £28,092 | £28,383 | £28,677 | |
| Gross Margin % | 90.00% | 90.65% | 91.50% | 91.53% | 91.57% | 91.60% | 91.64% | 91.67% | 91.70% | 91.73% | 91.77% | 91.80% | |
| Expenses | |||||||||||||
| Payroll | £7,000 | £8,000 | £9,000 | £9,000 | £9,000 | £9,000 | £9,000 | £9,000 | £9,000 | £9,000 | £9,000 | £9,000 | |
| Sales and Marketing and Other Expenses | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | |
| Depreciation | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Rent | £4,000 | £4,000 | £4,000 | £4,000 | £4,000 | £4,000 | £4,000 | £4,000 | £4,000 | £4,000 | £4,000 | £4,000 | |
| Utilities | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | |
| Insurance | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | |
| Payroll Taxes | 15% | £1,050 | £1,200 | £1,350 | £1,350 | £1,350 | £1,350 | £1,350 | £1,350 | £1,350 | £1,350 | £1,350 | £1,350 |
| Other | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | |
| Total Operating Expenses | £15,550 | £16,700 | £17,850 | £17,850 | £17,850 | £17,850 | £17,850 | £17,850 | £17,850 | £17,850 | £17,850 | £17,850 | |
| Profit Before Interest and Taxes | £2,450 | £4,150 | £8,285 | £8,556 | £8,830 | £9,107 | £9,386 | £9,669 | £9,954 | £10,242 | £10,533 | £10,827 | |
| EBITDA | £2,450 | £4,150 | £8,285 | £8,556 | £8,830 | £9,107 | £9,386 | £9,669 | £9,954 | £10,242 | £10,533 | £10,827 | |
| Interest Expense | £2,499 | £2,497 | £2,496 | £2,494 | £2,493 | £2,491 | £2,490 | £2,488 | £2,487 | £2,485 | £2,483 | £2,482 | |
| Taxes Incurred | (£15) | £463 | £1,621 | £1,697 | £1,774 | £1,852 | £1,931 | £2,011 | £2,091 | £2,172 | £2,254 | £2,337 | |
| Net Profit | (£34) | £1,190 | £4,168 | £4,364 | £4,563 | £4,763 | £4,966 | £5,170 | £5,377 | £5,585 | £5,796 | £6,008 | |
| Net Profit/Sales | -0.17% | 5.17% | 14.59% | 15.13% | 15.66% | 16.19% | 16.71% | 17.22% | 17.73% | 18.24% | 18.74% | 19.23% | |
| 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 | £20,000 | £23,000 | £28,563 | £28,848 | £29,137 | £29,428 | £29,723 | £30,020 | £30,320 | £30,623 | £30,929 | £31,239 | |
| Subtotal Cash from Operations | £20,000 | £23,000 | £28,563 | £28,848 | £29,137 | £29,428 | £29,723 | £30,020 | £30,320 | £30,623 | £30,929 | £31,239 | |
| 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 | £20,000 | £23,000 | £28,563 | £28,848 | £29,137 | £29,428 | £29,723 | £30,020 | £30,320 | £30,623 | £30,929 | £31,239 | |
| 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 | £7,000 | £8,000 | £9,000 | £9,000 | £9,000 | £9,000 | £9,000 | £9,000 | £9,000 | £9,000 | £9,000 | £9,000 | |
| Bill Payments | £434 | £13,060 | £13,863 | £15,398 | £15,487 | £15,577 | £15,668 | £15,760 | £15,853 | £15,947 | £16,041 | £16,137 | |
| Subtotal Spent on Operations | £7,434 | £21,060 | £22,863 | £24,398 | £24,487 | £24,577 | £24,668 | £24,760 | £24,853 | £24,947 | £25,041 | £25,137 | |
| 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 | £212 | £214 | £215 | £217 | £218 | £220 | £221 | £223 | £224 | £226 | £228 | £229 | |
| 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 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | |
| Subtotal Cash Spent | £8,147 | £21,774 | £23,578 | £25,114 | £25,205 | £25,297 | £25,389 | £25,483 | £25,577 | £25,672 | £25,769 | £25,866 | |
| Net Cash Flow | £11,853 | £1,226 | £4,985 | £3,734 | £3,932 | £4,132 | £4,333 | £4,537 | £4,743 | £4,951 | £5,161 | £5,373 | |
| Cash Balance | £17,853 | £19,080 | £24,065 | £27,799 | £31,730 | £35,862 | £40,195 | £44,732 | £49,475 | £54,426 | £59,586 | £64,959 | |
| 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 | £6,000 | £17,853 | £19,080 | £24,065 | £27,799 | £31,730 | £35,862 | £40,195 | £44,732 | £49,475 | £54,426 | £59,586 | £64,959 |
| Other Current Assets | £10,000 | £10,000 | £10,000 | £10,000 | £10,000 | £10,000 | £10,000 | £10,000 | £10,000 | £10,000 | £10,000 | £10,000 | £10,000 |
| Total Current Assets | £16,000 | £27,853 | £29,080 | £34,065 | £37,799 | £41,730 | £45,862 | £50,195 | £54,732 | £59,475 | £64,426 | £69,586 | £74,959 |
| Long-term Assets | |||||||||||||
| Long-term Assets | £370,000 | £370,000 | £370,000 | £370,000 | £370,000 | £370,000 | £370,000 | £370,000 | £370,000 | £370,000 | £370,000 | £370,000 | £370,000 |
| Accumulated Depreciation | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Total Long-term Assets | £370,000 | £370,000 | £370,000 | £370,000 | £370,000 | £370,000 | £370,000 | £370,000 | £370,000 | £370,000 | £370,000 | £370,000 | £370,000 |
| Total Assets | £386,000 | £397,853 | £399,080 | £404,065 | £407,799 | £411,730 | £415,862 | £420,195 | £424,732 | £429,475 | £434,426 | £439,586 | £444,959 |
| 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 | £12,600 | £13,350 | £14,882 | £14,968 | £15,055 | £15,143 | £15,232 | £15,321 | £15,412 | £15,503 | £15,596 | £15,689 |
| 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 | £12,600 | £13,350 | £14,882 | £14,968 | £15,055 | £15,143 | £15,232 | £15,321 | £15,412 | £15,503 | £15,596 | £15,689 |
| Long-term Liabilities | £353,000 | £352,788 | £352,574 | £352,359 | £352,143 | £351,925 | £351,705 | £351,484 | £351,261 | £351,037 | £350,811 | £350,583 | £350,354 |
| Total Liabilities | £353,000 | £365,388 | £365,924 | £367,241 | £367,111 | £366,980 | £366,848 | £366,716 | £366,582 | £366,449 | £366,314 | £366,179 | £366,043 |
| Paid-in Capital | £65,000 | £65,000 | £65,000 | £65,000 | £65,000 | £65,000 | £65,000 | £65,000 | £65,000 | £65,000 | £65,000 | £65,000 | £65,000 |
| Retained Earnings | (£32,000) | (£32,500) | (£33,000) | (£33,500) | (£34,000) | (£34,500) | (£35,000) | (£35,500) | (£36,000) | (£36,500) | (£37,000) | (£37,500) | (£38,000) |
| Earnings | £0 | (£34) | £1,156 | £5,324 | £9,688 | £14,251 | £19,014 | £23,980 | £29,150 | £34,526 | £40,112 | £45,907 | £51,916 |
| Total Capital | £33,000 | £32,466 | £33,156 | £36,824 | £40,688 | £44,751 | £49,014 | £53,480 | £58,150 | £63,026 | £68,112 | £73,407 | £78,916 |
| Total Liabilities and Capital | £386,000 | £397,853 | £399,080 | £404,065 | £407,799 | £411,730 | £415,862 | £420,195 | £424,732 | £429,475 | £434,426 | £439,586 | £444,959 |
| Net Worth | £33,000 | £32,466 | £33,156 | £36,824 | £40,688 | £44,751 | £49,014 | £53,480 | £58,150 | £63,026 | £68,112 | £73,407 | £78,916 |