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Plan Outline
Home Health Care Services Business Plan
Wheatland Health Services
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 | |||||||||||||
| Home Health Care Sales | 0% | £25,000 | £27,000 | £27,900 | £29,390 | £31,000 | £33,000 | £35,000 | £37,000 | £39,000 | £41,000 | £42,900 | £45,550 |
| Personal Injury Case Management Sales | 0% | £900 | £1,000 | £1,200 | £1,200 | £1,400 | £1,500 | £1,600 | £1,800 | £1,900 | £2,000 | £2,200 | £2,500 |
| Total Sales | £25,900 | £28,000 | £29,100 | £30,590 | £32,400 | £34,500 | £36,600 | £38,800 | £40,900 | £43,000 | £45,100 | £48,050 | |
| 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 | |
| Home Health Care Sales | £1,313 | £1,418 | £1,465 | £1,543 | £1,628 | £1,733 | £1,838 | £1,943 | £2,048 | £2,153 | £2,252 | £2,391 | |
| Personal Injury Case Management Sales | £113 | £125 | £150 | £150 | £175 | £188 | £200 | £225 | £238 | £250 | £275 | £313 | |
| Subtotal Direct Cost of Sales | £1,425 | £1,543 | £1,615 | £1,693 | £1,803 | £1,920 | £2,038 | £2,168 | £2,285 | £2,403 | £2,527 | £2,704 | |
| 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 | ||
| Administrative Director - Elizabeth Patzer, MSW/MPA | 0% | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Clinical Director - Kellene Walker, RN | 0% | £4,333 | £4,333 | £4,333 | £4,333 | £4,333 | £4,333 | £4,333 | £4,333 | £4,333 | £4,333 | £4,333 | £4,333 |
| Administrative Assistant | 0% | £1,560 | £1,560 | £1,560 | £1,560 | £1,560 | £1,560 | £1,560 | £1,560 | £1,560 | £1,560 | £1,560 | £1,560 |
| Skilled Nurse | 0% | £0 | £0 | £2,011 | £2,011 | £2,011 | £2,011 | £2,011 | £2,011 | £2,011 | £2,011 | £2,011 | £2,011 |
| Nurses Aide | 0% | £867 | £867 | £867 | £867 | £867 | £876 | £867 | £867 | £867 | £867 | £867 | £867 |
| Social Worker | 0% | £0 | £0 | £810 | £810 | £810 | £810 | £810 | £810 | £810 | £810 | £810 | £810 |
| Total People | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | |
| Total Payroll | £6,760 | £6,760 | £9,581 | £9,581 | £9,581 | £9,590 | £9,581 | £9,581 | £9,581 | £9,581 | £9,581 | £9,581 | |
| 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 | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | |
| 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 | £25,900 | £28,000 | £29,100 | £30,590 | £32,400 | £34,500 | £36,600 | £38,800 | £40,900 | £43,000 | £45,100 | £48,050 | |
| Direct Cost of Sales | £1,425 | £1,543 | £1,615 | £1,693 | £1,803 | £1,920 | £2,038 | £2,168 | £2,285 | £2,403 | £2,527 | £2,704 | |
| Other Costs of Sales | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Total Cost of Sales | £1,425 | £1,543 | £1,615 | £1,693 | £1,803 | £1,920 | £2,038 | £2,168 | £2,285 | £2,403 | £2,527 | £2,704 | |
| Gross Margin | £24,475 | £26,458 | £27,485 | £28,897 | £30,598 | £32,580 | £34,563 | £36,633 | £38,615 | £40,598 | £42,573 | £45,346 | |
| Gross Margin % | 94.50% | 94.49% | 94.45% | 94.47% | 94.44% | 94.43% | 94.43% | 94.41% | 94.41% | 94.41% | 94.40% | 94.37% | |
| Expenses | |||||||||||||
| Payroll | £6,760 | £6,760 | £9,581 | £9,581 | £9,581 | £9,590 | £9,581 | £9,581 | £9,581 | £9,581 | £9,581 | £9,581 | |
| Payroll Taxes | 15% | £2,493 | £2,493 | £2,493 | £2,493 | £2,493 | £2,493 | £2,493 | £2,493 | £2,493 | £2,493 | £2,493 | £2,493 |
| Depreciation | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Rent | £200 | £200 | £200 | £200 | £200 | £200 | £200 | £200 | £200 | £200 | £200 | £200 | |
| Heat and Lights | £150 | £150 | £150 | £150 | £150 | £150 | £150 | £150 | £150 | £150 | £150 | £150 | |
| Phone | £250 | £250 | £250 | £250 | £250 | £250 | £250 | £250 | £250 | £250 | £250 | £250 | |
| Cell Phones | £150 | £150 | £150 | £150 | £150 | £150 | £150 | £150 | £150 | £150 | £150 | £150 | |
| Water and Garbage | £50 | £50 | £50 | £50 | £50 | £50 | £50 | £50 | £50 | £50 | £50 | £50 | |
| Internet Access | £25 | £25 | £25 | £25 | £25 | £25 | £25 | £25 | £25 | £25 | £25 | £25 | |
| Professional Liability Insurance | £750 | £750 | £750 | £750 | £750 | £750 | £750 | £750 | £750 | £750 | £750 | £750 | |
| Workman's Comp Insurance | £50 | £50 | £50 | £50 | £50 | £50 | £50 | £50 | £50 | £50 | £50 | £50 | |
| Premises and Content Insurance | £50 | £50 | £50 | £50 | £50 | £50 | £50 | £50 | £50 | £50 | £50 | £50 | |
| Advertising and Marketing | £100 | £100 | £100 | £100 | £100 | £100 | £100 | £100 | £100 | £100 | £100 | £100 | |
| Meals and Entertainment | £50 | £50 | £50 | £50 | £50 | £50 | £50 | £50 | £50 | £50 | £50 | £50 | |
| Professional Development | £100 | £100 | £100 | £100 | £100 | £100 | £100 | £100 | £100 | £100 | £100 | £100 | |
| Office Equipment and Supplies | 15% | £400 | £400 | £400 | £400 | £400 | £400 | £400 | £400 | £400 | £400 | £400 | £400 |
| Contracted Therapists: OT/PT/ST | 15% | £1,625 | £1,625 | £1,625 | £1,625 | £1,625 | £1,625 | £1,625 | £1,625 | £1,625 | £1,625 | £1,625 | £1,625 |
| Nursing Supplies | £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 | £14,204 | £14,204 | £17,025 | £17,025 | £17,025 | £17,034 | £17,025 | £17,025 | £17,025 | £17,025 | £17,025 | £17,025 | |
| Profit Before Interest and Taxes | £10,271 | £12,254 | £10,461 | £11,872 | £13,573 | £15,546 | £17,538 | £19,608 | £21,590 | £23,573 | £25,548 | £28,321 | |
| EBITDA | £10,271 | £12,254 | £10,461 | £11,872 | £13,573 | £15,546 | £17,538 | £19,608 | £21,590 | £23,573 | £25,548 | £28,321 | |
| Interest Expense | £333 | £333 | £333 | £333 | £333 | £333 | £333 | £333 | £333 | £333 | £333 | £333 | |
| Taxes Incurred | £2,981 | £3,576 | £3,038 | £3,462 | £3,972 | £4,564 | £5,161 | £5,782 | £6,377 | £6,972 | £7,564 | £8,396 | |
| Net Profit | £6,957 | £8,344 | £7,089 | £8,077 | £9,268 | £10,649 | £12,043 | £13,492 | £14,880 | £16,268 | £17,650 | £19,592 | |
| Net Profit/Sales | 26.86% | 29.80% | 24.36% | 26.41% | 28.60% | 30.87% | 32.90% | 34.77% | 36.38% | 37.83% | 39.14% | 40.77% | |
| 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 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Cash from Receivables | £0 | £863 | £25,970 | £28,037 | £29,150 | £30,650 | £32,470 | £34,570 | £36,673 | £38,870 | £40,970 | £43,070 | |
| Subtotal Cash from Operations | £0 | £863 | £25,970 | £28,037 | £29,150 | £30,650 | £32,470 | £34,570 | £36,673 | £38,870 | £40,970 | £43,070 | |
| 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 | £0 | £863 | £25,970 | £28,037 | £29,150 | £30,650 | £32,470 | £34,570 | £36,673 | £38,870 | £40,970 | £43,070 | |
| 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 | £6,760 | £6,760 | £9,581 | £9,581 | £9,581 | £9,590 | £9,581 | £9,581 | £9,581 | £9,581 | £9,581 | £9,581 | |
| Bill Payments | £406 | £12,207 | £12,880 | £12,446 | £12,952 | £13,575 | £14,284 | £15,001 | £15,750 | £16,462 | £17,175 | £17,902 | |
| Subtotal Spent on Operations | £7,166 | £18,967 | £22,461 | £22,028 | £22,533 | £23,165 | £23,866 | £24,582 | £25,332 | £26,044 | £26,756 | £27,483 | |
| 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 | £7,166 | £18,967 | £22,461 | £22,028 | £22,533 | £23,165 | £23,866 | £24,582 | £25,332 | £26,044 | £26,756 | £27,483 | |
| Net Cash Flow | (£7,166) | (£18,104) | £3,509 | £6,009 | £6,616 | £7,485 | £8,604 | £9,988 | £11,342 | £12,826 | £14,214 | £15,587 | |
| Cash Balance | £37,433 | £19,329 | £22,838 | £28,847 | £35,463 | £42,948 | £51,553 | £61,541 | £72,883 | £85,709 | £99,923 | £115,509 | |
| 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 | £44,599 | £37,433 | £19,329 | £22,838 | £28,847 | £35,463 | £42,948 | £51,553 | £61,541 | £72,883 | £85,709 | £99,923 | £115,509 |
| Accounts Receivable | £0 | £25,900 | £53,037 | £56,167 | £58,720 | £61,970 | £65,820 | £69,950 | £74,180 | £78,407 | £82,537 | £86,667 | £91,647 |
| Other Current Assets | £3,500 | £3,500 | £3,500 | £3,500 | £3,500 | £3,500 | £3,500 | £3,500 | £3,500 | £3,500 | £3,500 | £3,500 | £3,500 |
| Total Current Assets | £48,099 | £66,833 | £75,865 | £82,504 | £91,067 | £100,933 | £112,268 | £125,003 | £139,221 | £154,789 | £171,745 | £190,089 | £210,656 |
| Long-term Assets | |||||||||||||
| Long-term Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Accumulated Depreciation | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Total Long-term Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Total Assets | £48,099 | £66,833 | £75,865 | £82,504 | £91,067 | £100,933 | £112,268 | £125,003 | £139,221 | £154,789 | £171,745 | £190,089 | £210,656 |
| 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 | £11,777 | £12,465 | £12,015 | £12,500 | £13,099 | £13,785 | £14,476 | £15,202 | £15,891 | £16,579 | £17,273 | £18,248 |
| 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 | £11,777 | £12,465 | £12,015 | £12,500 | £13,099 | £13,785 | £14,476 | £15,202 | £15,891 | £16,579 | £17,273 | £18,248 |
| Long-term Liabilities | £50,000 | £50,000 | £50,000 | £50,000 | £50,000 | £50,000 | £50,000 | £50,000 | £50,000 | £50,000 | £50,000 | £50,000 | £50,000 |
| Total Liabilities | £50,000 | £61,777 | £62,465 | £62,015 | £62,500 | £63,099 | £63,785 | £64,476 | £65,202 | £65,891 | £66,579 | £67,273 | £68,248 |
| Paid-in Capital | £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 |
| Retained Earnings | (£21,901) | (£21,901) | (£21,901) | (£21,901) | (£21,901) | (£21,901) | (£21,901) | (£21,901) | (£21,901) | (£21,901) | (£21,901) | (£21,901) | (£21,901) |
| Earnings | £0 | £6,957 | £15,301 | £22,390 | £30,467 | £39,735 | £50,384 | £62,427 | £75,920 | £90,800 | £107,067 | £124,718 | £144,309 |
| Total Capital | (£1,901) | £5,056 | £13,400 | £20,489 | £28,566 | £37,834 | £48,483 | £60,526 | £74,019 | £88,899 | £105,166 | £122,817 | £142,408 |
| Total Liabilities and Capital | £48,099 | £66,833 | £75,865 | £82,504 | £91,067 | £100,933 | £112,268 | £125,003 | £139,221 | £154,789 | £171,745 | £190,089 | £210,656 |
| Net Worth | (£1,901) | £5,056 | £13,400 | £20,489 | £28,566 | £37,834 | £48,483 | £60,526 | £74,019 | £88,899 | £105,166 | £122,817 | £142,408 |