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Plan Outline
Golf Driving Range Business Plan
Emerald Driving Range
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 | |||||||||||||
| Driving Range & Practice Facilities | 0% | £13,000 | £16,000 | £22,000 | £30,000 | £44,000 | £52,000 | £61,000 | £61,000 | £59,000 | £56,000 | £45,000 | £32,000 |
| Concessions | 0% | £5,000 | £5,000 | £8,820 | £9,261 | £9,724 | £10,210 | £10,721 | £11,257 | £11,820 | £12,411 | £9,000 | £5,000 |
| Professional Lessons | 0% | £5,000 | £5,000 | £8,000 | £10,000 | £11,000 | £12,000 | £15,000 | £16,000 | £15,000 | £14,000 | £10,000 | £5,000 |
| Total Sales | £23,000 | £26,000 | £38,820 | £49,261 | £64,724 | £74,210 | £86,721 | £88,257 | £85,820 | £82,411 | £64,000 | £42,000 | |
| 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 | |
| Driving Range & Practice Facilities | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Concessions | £2,000 | £2,000 | £3,528 | £3,704 | £3,890 | £4,084 | £4,288 | £4,503 | £4,728 | £4,964 | £3,600 | £2,000 | |
| Professional Lessons | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Subtotal Direct Cost of Sales | £2,000 | £2,000 | £3,528 | £3,704 | £3,890 | £4,084 | £4,288 | £4,503 | £4,728 | £4,964 | £3,600 | £2,000 | |
| 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 | ||
| Stan Walker | 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 |
| Part-time Employees | 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 |
| Full-time Employees | 0% | £10,500 | £10,500 | £10,500 | £10,500 | £10,500 | £10,500 | £10,500 | £10,500 | £10,500 | £10,500 | £10,500 | £10,500 |
| Fred Fast | 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 |
| Golf Pros | 0% | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 |
| Jim Spade | 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 |
| Total People | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | |
| Total Payroll | £29,000 | £29,000 | £29,000 | £29,000 | £29,000 | £29,000 | £29,000 | £29,000 | £29,000 | £29,000 | £29,000 | £29,000 | |
| 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 | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | |
| Long-term Interest Rate | 7.50% | 7.50% | 7.50% | 7.50% | 7.50% | 7.50% | 7.50% | 7.50% | 7.50% | 7.50% | 7.50% | 7.50% | |
| 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 | £23,000 | £26,000 | £38,820 | £49,261 | £64,724 | £74,210 | £86,721 | £88,257 | £85,820 | £82,411 | £64,000 | £42,000 | |
| Direct Cost of Sales | £2,000 | £2,000 | £3,528 | £3,704 | £3,890 | £4,084 | £4,288 | £4,503 | £4,728 | £4,964 | £3,600 | £2,000 | |
| Other Costs of Sales | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Total Cost of Sales | £2,000 | £2,000 | £3,528 | £3,704 | £3,890 | £4,084 | £4,288 | £4,503 | £4,728 | £4,964 | £3,600 | £2,000 | |
| Gross Margin | £21,000 | £24,000 | £35,292 | £45,557 | £60,834 | £70,126 | £82,432 | £83,754 | £81,092 | £77,446 | £60,400 | £40,000 | |
| Gross Margin % | 91.30% | 92.31% | 90.91% | 92.48% | 93.99% | 94.50% | 95.06% | 94.90% | 94.49% | 93.98% | 94.38% | 95.24% | |
| Expenses | |||||||||||||
| Payroll | £29,000 | £29,000 | £29,000 | £29,000 | £29,000 | £29,000 | £29,000 | £29,000 | £29,000 | £29,000 | £29,000 | £29,000 | |
| 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 | £142 | £142 | £142 | £142 | £142 | £142 | £142 | £142 | £142 | £142 | £142 | £142 | |
| 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 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | £1,000 | |
| Payroll Taxes | 15% | £4,350 | £4,350 | £4,350 | £4,350 | £4,350 | £4,350 | £4,350 | £4,350 | £4,350 | £4,350 | £4,350 | £4,350 |
| Other | £750 | £750 | £750 | £750 | £750 | £750 | £750 | £750 | £750 | £750 | £750 | £750 | |
| Total Operating Expenses | £41,242 | £41,242 | £41,242 | £41,242 | £41,242 | £41,242 | £41,242 | £41,242 | £41,242 | £41,242 | £41,242 | £41,242 | |
| Profit Before Interest and Taxes | (£20,242) | (£17,242) | (£5,950) | £4,315 | £19,592 | £28,884 | £41,190 | £42,512 | £39,850 | £36,204 | £19,158 | (£1,242) | |
| EBITDA | (£20,100) | (£17,100) | (£5,808) | £4,457 | £19,734 | £29,026 | £41,332 | £42,654 | £39,992 | £36,346 | £19,300 | (£1,100) | |
| Interest Expense | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Taxes Incurred | (£6,073) | (£4,828) | (£1,666) | £1,208 | £5,486 | £8,088 | £11,533 | £11,903 | £11,158 | £10,137 | £5,364 | (£348) | |
| Net Profit | (£14,169) | (£12,414) | (£4,284) | £3,107 | £14,107 | £20,797 | £29,657 | £30,609 | £28,692 | £26,067 | £13,794 | (£894) | |
| Net Profit/Sales | -61.61% | -47.75% | -11.04% | 6.31% | 21.79% | 28.02% | 34.20% | 34.68% | 33.43% | 31.63% | 21.55% | -2.13% | |
| 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 | £23,000 | £26,000 | £38,820 | £49,261 | £64,724 | £74,210 | £86,721 | £88,257 | £85,820 | £82,411 | £64,000 | £42,000 | |
| Cash from Receivables | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Subtotal Cash from Operations | £23,000 | £26,000 | £38,820 | £49,261 | £64,724 | £74,210 | £86,721 | £88,257 | £85,820 | £82,411 | £64,000 | £42,000 | |
| 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 | £23,000 | £26,000 | £38,820 | £49,261 | £64,724 | £74,210 | £86,721 | £88,257 | £85,820 | £82,411 | £64,000 | £42,000 | |
| 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 | £29,000 | £29,000 | £29,000 | £29,000 | £29,000 | £29,000 | £29,000 | £29,000 | £29,000 | £29,000 | £29,000 | £29,000 | |
| Bill Payments | £268 | £8,069 | £9,429 | £14,064 | £17,161 | £21,569 | £24,393 | £27,941 | £28,489 | £27,960 | £26,997 | £20,821 | |
| Subtotal Spent on Operations | £29,268 | £37,069 | £38,429 | £43,064 | £46,161 | £50,569 | £53,393 | £56,941 | £57,489 | £56,960 | £55,997 | £49,821 | |
| 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 | £29,268 | £37,069 | £38,429 | £43,064 | £46,161 | £50,569 | £53,393 | £56,941 | £57,489 | £56,960 | £55,997 | £49,821 | |
| Net Cash Flow | (£6,268) | (£11,069) | £391 | £6,197 | £18,563 | £23,642 | £33,327 | £31,316 | £28,331 | £25,451 | £8,003 | (£7,821) | |
| Cash Balance | £33,732 | £22,664 | £23,055 | £29,252 | £47,815 | £71,457 | £104,784 | £136,100 | £164,431 | £189,882 | £197,885 | £190,064 | |
| 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 | £40,000 | £33,732 | £22,664 | £23,055 | £29,252 | £47,815 | £71,457 | £104,784 | £136,100 | £164,431 | £189,882 | £197,885 | £190,064 |
| Accounts Receivable | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Other Current Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Total Current Assets | £40,000 | £33,732 | £22,664 | £23,055 | £29,252 | £47,815 | £71,457 | £104,784 | £136,100 | £164,431 | £189,882 | £197,885 | £190,064 |
| Long-term Assets | |||||||||||||
| Long-term Assets | £27,000 | £27,000 | £27,000 | £27,000 | £27,000 | £27,000 | £27,000 | £27,000 | £27,000 | £27,000 | £27,000 | £27,000 | £27,000 |
| Accumulated Depreciation | £0 | £142 | £284 | £426 | £568 | £710 | £852 | £994 | £1,136 | £1,278 | £1,420 | £1,562 | £1,704 |
| Total Long-term Assets | £27,000 | £26,858 | £26,716 | £26,574 | £26,432 | £26,290 | £26,148 | £26,006 | £25,864 | £25,722 | £25,580 | £25,438 | £25,296 |
| Total Assets | £67,000 | £60,590 | £49,380 | £49,629 | £55,684 | £74,105 | £97,605 | £130,790 | £161,964 | £190,153 | £215,462 | £223,323 | £215,360 |
| 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 | £7,760 | £8,963 | £13,497 | £16,445 | £20,760 | £23,463 | £26,991 | £27,556 | £27,053 | £26,295 | £20,362 | £13,294 |
| 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 | £7,760 | £8,963 | £13,497 | £16,445 | £20,760 | £23,463 | £26,991 | £27,556 | £27,053 | £26,295 | £20,362 | £13,294 |
| Long-term Liabilities | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Total Liabilities | £0 | £7,760 | £8,963 | £13,497 | £16,445 | £20,760 | £23,463 | £26,991 | £27,556 | £27,053 | £26,295 | £20,362 | £13,294 |
| Paid-in Capital | £130,000 | £130,000 | £130,000 | £130,000 | £130,000 | £130,000 | £130,000 | £130,000 | £130,000 | £130,000 | £130,000 | £130,000 | £130,000 |
| Retained Earnings | (£63,000) | (£63,000) | (£63,000) | (£63,000) | (£63,000) | (£63,000) | (£63,000) | (£63,000) | (£63,000) | (£63,000) | (£63,000) | (£63,000) | (£63,000) |
| Earnings | £0 | (£14,169) | (£26,584) | (£30,868) | (£27,761) | (£13,655) | £7,142 | £36,799 | £67,408 | £96,100 | £122,167 | £135,961 | £135,066 |
| Total Capital | £67,000 | £52,831 | £40,416 | £36,132 | £39,239 | £53,345 | £74,142 | £103,799 | £134,408 | £163,100 | £189,167 | £202,961 | £202,066 |
| Total Liabilities and Capital | £67,000 | £60,590 | £49,380 | £49,629 | £55,684 | £74,105 | £97,605 | £130,790 | £161,964 | £190,153 | £215,462 | £223,323 | £215,360 |
| Net Worth | £67,000 | £52,831 | £40,416 | £36,132 | £39,239 | £53,345 | £74,142 | £103,799 | £134,408 | £163,100 | £189,167 | £202,961 | £202,066 |