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Plan Outline
I.D. Verification Technology Business Plan
Bionex Corporation
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 | |||||||||||||
| Xenasys Transaction Systems | 0% | £16,000 | £16,650 | £15,548 | £15,730 | £15,239 | £25,125 | £27,444 | £31,260 | £36,649 | £39,697 | £46,501 | £49,176 |
| Xenavex Identification Platforms | 0% | £15,255 | £15,793 | £13,562 | £13,597 | £13,936 | £22,626 | £28,720 | £34,279 | £34,370 | £41,000 | £41,487 | £47,710 |
| BioXen Biometric Devices | 0% | £8,766 | £10,607 | £12,834 | £15,530 | £18,791 | £22,737 | £39,511 | £56,289 | £55,280 | £39,738 | £28,973 | £21,358 |
| Total Sales | £40,021 | £43,050 | £41,944 | £44,857 | £47,966 | £70,488 | £95,675 | £121,828 | £126,299 | £120,435 | £116,961 | £118,244 | |
| 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 | |
| Xenasys Transaction Systems | £7,211 | £7,524 | £7,855 | £7,206 | £7,579 | £7,973 | £7,392 | £7,835 | £7,306 | £7,804 | £7,332 | £7,892 | |
| Xenavex Identification Platforms | £7,211 | £7,472 | £7,745 | £7,032 | £7,334 | £7,651 | £7,983 | £7,332 | £7,699 | £7,084 | £7,488 | £7,913 | |
| BioXen Biometric Devices | £7,700 | £7,985 | £7,284 | £7,598 | £7,928 | £8,275 | £8,639 | £9,020 | £7,421 | £7,843 | £7,285 | £7,749 | |
| Subtotal Direct Cost of Sales | £22,122 | £22,981 | £22,884 | £21,836 | £22,841 | £23,899 | £24,014 | £24,187 | £22,426 | £22,731 | £22,105 | £23,554 | |
| 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 | ||
| CEO | 0% | £7,000 | £7,000 | £7,000 | £7,000 | £7,000 | £7,000 | £7,000 | £7,000 | £7,000 | £7,000 | £7,000 | £5,000 |
| CFO | 0% | £7,000 | £7,000 | £7,000 | £7,000 | £7,000 | £7,000 | £7,000 | £7,000 | £7,000 | £7,000 | £5,000 | £7,000 |
| President of Engineering | 0% | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 |
| President of Sales | 0% | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 |
| President of Marketing | 0% | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 | £6,000 |
| Total People | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |
| Total Payroll | £32,000 | £32,000 | £32,000 | £32,000 | £32,000 | £32,000 | £32,000 | £32,000 | £32,000 | £32,000 | £30,000 | £30,000 | |
| 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 | 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 | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | |
| Tax Rate | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | |
| 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 | £40,021 | £43,050 | £41,944 | £44,857 | £47,966 | £70,488 | £95,675 | £121,828 | £126,299 | £120,435 | £116,961 | £118,244 | |
| Direct Cost of Sales | £22,122 | £22,981 | £22,884 | £21,836 | £22,841 | £23,899 | £24,014 | £24,187 | £22,426 | £22,731 | £22,105 | £23,554 | |
| Other Costs of Goods | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Total Cost of Sales | £22,122 | £22,981 | £22,884 | £21,836 | £22,841 | £23,899 | £24,014 | £24,187 | £22,426 | £22,731 | £22,105 | £23,554 | |
| Gross Margin | £17,899 | £20,069 | £19,060 | £23,021 | £25,125 | £46,589 | £71,661 | £97,641 | £103,873 | £97,704 | £94,856 | £94,690 | |
| Gross Margin % | 44.72% | 46.62% | 45.44% | 51.32% | 52.38% | 66.09% | 74.90% | 80.15% | 82.24% | 81.13% | 81.10% | 80.08% | |
| Expenses | |||||||||||||
| Payroll | £32,000 | £32,000 | £32,000 | £32,000 | £32,000 | £32,000 | £32,000 | £32,000 | £32,000 | £32,000 | £30,000 | £30,000 | |
| 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 | |
| Contracted Employees | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Rent | £4,166 | £4,166 | £4,166 | £4,166 | £4,166 | £4,166 | £4,166 | £4,166 | £4,166 | £4,166 | £4,166 | £4,166 | |
| Utilities | £125 | £125 | £125 | £125 | £125 | £125 | £125 | £125 | £125 | £125 | £125 | £125 | |
| Insurance | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | £500 | |
| Payroll Taxes | 15% | £4,800 | £4,800 | £4,800 | £4,800 | £4,800 | £4,800 | £4,800 | £4,800 | £4,800 | £4,800 | £4,500 | £4,500 |
| Other | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Total Operating Expenses | £42,591 | £42,591 | £42,591 | £42,591 | £42,591 | £42,591 | £42,591 | £42,591 | £42,591 | £42,591 | £40,291 | £40,291 | |
| Profit Before Interest and Taxes | (£24,692) | (£22,522) | (£23,531) | (£19,570) | (£17,466) | £3,998 | £29,070 | £55,050 | £61,282 | £55,113 | £54,565 | £54,399 | |
| EBITDA | (£24,692) | (£22,522) | (£23,531) | (£19,570) | (£17,466) | £3,998 | £29,070 | £55,050 | £61,282 | £55,113 | £54,565 | £54,399 | |
| Interest Expense | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Taxes Incurred | (£6,173) | (£5,631) | (£5,883) | (£4,893) | (£4,367) | £999 | £7,268 | £13,763 | £15,321 | £13,778 | £13,641 | £13,600 | |
| Net Profit | (£18,519) | (£16,892) | (£17,648) | (£14,678) | (£13,100) | £2,998 | £21,803 | £41,288 | £45,962 | £41,335 | £40,924 | £40,799 | |
| Net Profit/Sales | -46.27% | -39.24% | -42.07% | -32.72% | -27.31% | 4.25% | 22.79% | 33.89% | 36.39% | 34.32% | 34.99% | 34.50% | |
| 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 | £24,013 | £25,830 | £25,167 | £26,914 | £28,780 | £42,293 | £57,405 | £73,097 | £75,779 | £72,261 | £70,177 | £70,946 | |
| Cash from Receivables | £0 | £534 | £16,049 | £17,205 | £16,817 | £17,984 | £19,487 | £28,531 | £38,619 | £48,791 | £50,441 | £48,128 | |
| Subtotal Cash from Operations | £24,013 | £26,364 | £41,215 | £44,119 | £45,596 | £60,277 | £76,892 | £101,628 | £114,398 | £121,052 | £120,618 | £119,074 | |
| 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 | £24,013 | £26,364 | £41,215 | £44,119 | £45,596 | £60,277 | £76,892 | £101,628 | £114,398 | £121,052 | £120,618 | £119,074 | |
| 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 | £32,000 | £32,000 | £32,000 | £32,000 | £32,000 | £32,000 | £32,000 | £32,000 | £32,000 | £32,000 | £30,000 | £30,000 | |
| Bill Payments | £12,762 | £26,587 | £27,930 | £27,590 | £27,585 | £29,280 | £35,702 | £42,095 | £48,534 | £48,296 | £47,065 | £46,084 | |
| Subtotal Spent on Operations | £44,762 | £58,587 | £59,930 | £59,590 | £59,585 | £61,280 | £67,702 | £74,095 | £80,534 | £80,296 | £77,065 | £76,084 | |
| 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 | £44,762 | £58,587 | £59,930 | £59,590 | £59,585 | £61,280 | £67,702 | £74,095 | £80,534 | £80,296 | £77,065 | £76,084 | |
| Net Cash Flow | (£20,749) | (£32,223) | (£18,714) | (£15,471) | (£13,989) | (£1,003) | £9,189 | £27,533 | £33,864 | £40,756 | £43,553 | £42,990 | |
| Cash Balance | £91,128 | £58,905 | £40,190 | £24,719 | £10,730 | £9,727 | £18,916 | £46,449 | £80,314 | £121,069 | £164,622 | £207,612 | |
| 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 | £111,877 | £91,128 | £58,905 | £40,190 | £24,719 | £10,730 | £9,727 | £18,916 | £46,449 | £80,314 | £121,069 | £164,622 | £207,612 |
| Accounts Receivable | £0 | £16,008 | £32,695 | £33,424 | £34,161 | £36,531 | £46,742 | £65,525 | £85,726 | £97,626 | £97,010 | £93,353 | £92,523 |
| Other Current Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Total Current Assets | £111,877 | £107,136 | £91,599 | £73,614 | £58,880 | £47,261 | £56,469 | £84,442 | £132,175 | £177,940 | £218,079 | £257,975 | £300,135 |
| 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 | £111,877 | £107,136 | £91,599 | £73,614 | £58,880 | £47,261 | £56,469 | £84,442 | £132,175 | £177,940 | £218,079 | £257,975 | £300,135 |
| 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 | £11,877 | £25,655 | £27,010 | £26,673 | £26,617 | £28,097 | £34,306 | £40,477 | £46,922 | £46,726 | £45,530 | £44,503 | £45,863 |
| 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 | £11,877 | £25,655 | £27,010 | £26,673 | £26,617 | £28,097 | £34,306 | £40,477 | £46,922 | £46,726 | £45,530 | £44,503 | £45,863 |
| Long-term Liabilities | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Total Liabilities | £11,877 | £25,655 | £27,010 | £26,673 | £26,617 | £28,097 | £34,306 | £40,477 | £46,922 | £46,726 | £45,530 | £44,503 | £45,863 |
| Paid-in Capital | £550,000 | £550,000 | £550,000 | £550,000 | £550,000 | £550,000 | £550,000 | £550,000 | £550,000 | £550,000 | £550,000 | £550,000 | £550,000 |
| Retained Earnings | (£450,000) | (£450,000) | (£450,000) | (£450,000) | (£450,000) | (£450,000) | (£450,000) | (£450,000) | (£450,000) | (£450,000) | (£450,000) | (£450,000) | (£450,000) |
| Earnings | £0 | (£18,519) | (£35,411) | (£53,059) | (£67,737) | (£80,836) | (£77,838) | (£56,035) | (£14,748) | £31,214 | £72,549 | £113,472 | £154,272 |
| Total Capital | £100,000 | £81,481 | £64,589 | £46,941 | £32,263 | £19,164 | £22,162 | £43,965 | £85,252 | £131,214 | £172,549 | £213,472 | £254,272 |
| Total Liabilities and Capital | £111,877 | £107,136 | £91,599 | £73,614 | £58,880 | £47,261 | £56,469 | £84,442 | £132,175 | £177,940 | £218,079 | £257,975 | £300,135 |
| Net Worth | £100,000 | £81,481 | £64,589 | £46,941 | £32,263 | £19,164 | £22,162 | £43,965 | £85,252 | £131,214 | £172,549 | £213,472 | £254,272 |