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Plan Outline
Taxi Business Plan
City Taxi
This sample business plan can be edited directly in Business Plan Pro software.
Appendix
| Sales Forecast | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Sales | |||||||||||||
| All services | 0% | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 |
| Other | 0% | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Total Sales | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | |
| Direct Cost of Sales | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
| All services | £5,417 | £5,417 | £5,417 | £5,417 | £5,417 | £5,417 | £5,417 | £5,417 | £5,417 | £5,417 | £5,417 | £5,417 | |
| Other | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Subtotal Direct Cost of Sales | £5,417 | £5,417 | £5,417 | £5,417 | £5,417 | £5,417 | £5,417 | £5,417 | £5,417 | £5,417 | £5,417 | £5,417 | |
| Personnel Plan | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Taxi Cabs & Administrative | 0% | £9,058 | £9,058 | £9,058 | £9,058 | £9,058 | £9,058 | £9,058 | £9,058 | £9,058 | £9,058 | £9,058 | £9,058 |
| Maintenance & Repair | 0% | £9,057 | £9,058 | £9,058 | £9,058 | £9,058 | £9,058 | £9,058 | £9,058 | £9,058 | £9,058 | £9,058 | £9,058 |
| Total People | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | |
| Total Payroll | £18,115 | £18,116 | £18,116 | £18,116 | £18,116 | £18,116 | £18,116 | £18,116 | £18,116 | £18,116 | £18,116 | £18,116 | |
| General Assumptions | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| 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 | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Tax Rate | 30.00% | 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 | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Sales | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | |
| Direct Cost of Sales | £5,417 | £5,417 | £5,417 | £5,417 | £5,417 | £5,417 | £5,417 | £5,417 | £5,417 | £5,417 | £5,417 | £5,417 | |
| Other | £417 | £417 | £417 | £417 | £417 | £417 | £417 | £417 | £417 | £417 | £417 | £417 | |
| Total Cost of Sales | £5,833 | £5,833 | £5,833 | £5,833 | £5,833 | £5,833 | £5,833 | £5,833 | £5,833 | £5,833 | £5,833 | £5,833 | |
| Gross Margin | £10,833 | £10,833 | £10,833 | £10,833 | £10,833 | £10,833 | £10,833 | £10,833 | £10,833 | £10,833 | £10,833 | £10,833 | |
| Gross Margin % | 65.00% | 65.00% | 65.00% | 65.00% | 65.00% | 65.00% | 65.00% | 65.00% | 65.00% | 65.00% | 65.00% | 65.00% | |
| Expenses | |||||||||||||
| Payroll | £18,115 | £18,116 | £18,116 | £18,116 | £18,116 | £18,116 | £18,116 | £18,116 | £18,116 | £18,116 | £18,116 | £18,116 | |
| Sales and Marketing and Other Expenses | £5,333 | £5,333 | £5,333 | £5,333 | £5,333 | £5,333 | £5,333 | £5,333 | £5,333 | £5,333 | £5,333 | £5,333 | |
| Depreciation | £625 | £625 | £625 | £1,458 | £1,458 | £1,458 | £1,458 | £1,458 | £1,458 | £1,458 | £1,458 | £1,458 | |
| Research & Development | £1,250 | £1,250 | £1,250 | £1,250 | £1,250 | £1,250 | £1,250 | £1,250 | £1,250 | £1,250 | £1,250 | £1,250 | |
| Utilities | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | £167 | |
| Insurance | £417 | £417 | £417 | £417 | £417 | £417 | £417 | £417 | £417 | £417 | £417 | £417 | |
| Payroll Taxes | 15% | £2,717 | £2,717 | £2,717 | £2,717 | £2,717 | £2,717 | £2,717 | £2,717 | £2,717 | £2,717 | £2,717 | £2,717 |
| Other | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Total Operating Expenses | £28,624 | £28,625 | £28,625 | £29,458 | £29,458 | £29,458 | £29,458 | £29,458 | £29,458 | £29,458 | £29,458 | £29,458 | |
| Profit Before Interest and Taxes | (£17,791) | (£17,792) | (£17,792) | (£18,625) | (£18,625) | (£18,625) | (£18,625) | (£18,625) | (£18,625) | (£18,625) | (£18,625) | (£18,625) | |
| EBITDA | (£17,166) | (£17,167) | (£17,167) | (£17,167) | (£17,167) | (£17,167) | (£17,167) | (£17,167) | (£17,167) | (£17,167) | (£17,167) | (£17,167) | |
| Interest Expense | £290 | £288 | £285 | £283 | £281 | £279 | £277 | £275 | £273 | £271 | £269 | £267 | |
| Taxes Incurred | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Net Profit | (£18,080) | (£18,079) | (£18,077) | (£18,908) | (£18,906) | (£18,904) | (£18,902) | (£18,900) | (£18,898) | (£18,896) | (£18,893) | (£18,891) | |
| Net Profit/Sales | -108.48% | -108.48% | -108.46% | -113.45% | -113.44% | -113.42% | -113.41% | -113.40% | -113.39% | -113.37% | -113.36% | -113.35% | |
| Pro Forma Cash Flow | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Cash Received | |||||||||||||
| Cash from Operations | |||||||||||||
| Cash Sales | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | |
| Subtotal Cash from Operations | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | |
| 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 | £2,500,000 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Subtotal Cash Received | £16,667 | £16,667 | £2,516,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | £16,667 | |
| Expenditures | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
| Expenditures from Operations | |||||||||||||
| Cash Spending | £18,115 | £18,116 | £18,116 | £18,116 | £18,116 | £18,116 | £18,116 | £18,116 | £18,116 | £18,116 | £18,116 | £18,116 | |
| Bill Payments | £24,134 | £16,007 | £16,005 | £16,003 | £16,001 | £15,999 | £15,996 | £15,994 | £15,992 | £15,990 | £15,988 | £15,986 | |
| Subtotal Spent on Operations | £42,249 | £34,123 | £34,121 | £34,119 | £34,117 | £34,115 | £34,112 | £34,110 | £34,108 | £34,106 | £34,104 | £34,102 | |
| 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 | £250 | £250 | £250 | £250 | £250 | £250 | £250 | £250 | £250 | £250 | £250 | £250 | |
| 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 | £500,000 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Purchase Long-term Assets | £0 | £0 | £1,700,000 | £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 | £42,499 | £34,373 | £2,234,371 | £34,369 | £34,367 | £34,365 | £34,362 | £34,360 | £34,358 | £34,356 | £34,354 | £34,352 | |
| Net Cash Flow | (£25,832) | (£17,706) | £282,296 | (£17,702) | (£17,700) | (£17,698) | (£17,696) | (£17,694) | (£17,692) | (£17,690) | (£17,687) | (£17,685) | |
| Cash Balance | £19,168 | £1,462 | £283,758 | £266,056 | £248,356 | £230,658 | £212,962 | £195,268 | £177,577 | £159,887 | £142,200 | £124,514 | |
| Pro Forma Balance Sheet | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Assets | Starting Balances | ||||||||||||
| Current Assets | |||||||||||||
| Cash | £45,000 | £19,168 | £1,462 | £283,758 | £266,056 | £248,356 | £230,658 | £212,962 | £195,268 | £177,577 | £159,887 | £142,200 | £124,514 |
| Other Current Assets | £13,400 | £13,400 | £13,400 | £513,400 | £513,400 | £513,400 | £513,400 | £513,400 | £513,400 | £513,400 | £513,400 | £513,400 | £513,400 |
| Total Current Assets | £58,400 | £32,568 | £14,862 | £797,158 | £779,456 | £761,756 | £744,058 | £726,362 | £708,668 | £690,977 | £673,287 | £655,600 | £637,914 |
| Long-term Assets | |||||||||||||
| Long-term Assets | £75,000 | £75,000 | £75,000 | £1,775,000 | £1,775,000 | £1,775,000 | £1,775,000 | £1,775,000 | £1,775,000 | £1,775,000 | £1,775,000 | £1,775,000 | £1,775,000 |
| Accumulated Depreciation | £10,000 | £10,625 | £11,250 | £11,875 | £13,333 | £14,791 | £16,249 | £17,707 | £19,165 | £20,623 | £22,081 | £23,539 | £24,997 |
| Total Long-term Assets | £65,000 | £64,375 | £63,750 | £1,763,125 | £1,761,667 | £1,760,209 | £1,758,751 | £1,757,293 | £1,755,835 | £1,754,377 | £1,752,919 | £1,751,461 | £1,750,003 |
| Total Assets | £123,400 | £96,943 | £78,612 | £2,560,283 | £2,541,123 | £2,521,965 | £2,502,809 | £2,483,655 | £2,464,503 | £2,445,354 | £2,426,206 | £2,407,061 | £2,387,917 |
| Liabilities and Capital | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
| Current Liabilities | |||||||||||||
| Accounts Payable | £23,600 | £15,473 | £15,471 | £15,469 | £15,467 | £15,465 | £15,463 | £15,461 | £15,459 | £15,457 | £15,455 | £15,453 | £15,451 |
| Current Borrowing | £10,000 | £9,750 | £9,500 | £9,250 | £9,000 | £8,750 | £8,500 | £8,250 | £8,000 | £7,750 | £7,500 | £7,250 | £7,000 |
| Other Current Liabilities | £25,400 | £25,400 | £25,400 | £25,400 | £25,400 | £25,400 | £25,400 | £25,400 | £25,400 | £25,400 | £25,400 | £25,400 | £25,400 |
| Subtotal Current Liabilities | £59,000 | £50,623 | £50,371 | £50,119 | £49,867 | £49,615 | £49,363 | £49,111 | £48,859 | £48,607 | £48,355 | £48,103 | £47,851 |
| Long-term Liabilities | £25,000 | £25,000 | £25,000 | £25,000 | £25,000 | £25,000 | £25,000 | £25,000 | £25,000 | £25,000 | £25,000 | £25,000 | £25,000 |
| Total Liabilities | £84,000 | £75,623 | £75,371 | £75,119 | £74,867 | £74,615 | £74,363 | £74,111 | £73,859 | £73,607 | £73,355 | £73,103 | £72,851 |
| Paid-in Capital | £37,000 | £37,000 | £37,000 | £2,537,000 | £2,537,000 | £2,537,000 | £2,537,000 | £2,537,000 | £2,537,000 | £2,537,000 | £2,537,000 | £2,537,000 | £2,537,000 |
| Retained Earnings | £2,400 | £2,400 | £2,400 | £2,400 | £2,400 | £2,400 | £2,400 | £2,400 | £2,400 | £2,400 | £2,400 | £2,400 | £2,400 |
| Earnings | £0 | (£18,080) | (£36,159) | (£54,237) | (£73,145) | (£92,051) | (£110,954) | (£129,856) | (£148,756) | (£167,654) | (£186,549) | (£205,443) | (£224,334) |
| Total Capital | £39,400 | £21,320 | £3,241 | £2,485,163 | £2,466,255 | £2,447,349 | £2,428,446 | £2,409,544 | £2,390,644 | £2,371,746 | £2,352,851 | £2,333,957 | £2,315,066 |
| Total Liabilities and Capital | £123,400 | £96,943 | £78,612 | £2,560,283 | £2,541,123 | £2,521,965 | £2,502,809 | £2,483,655 | £2,464,503 | £2,445,354 | £2,426,206 | £2,407,061 | £2,387,917 |
| Net Worth | £39,400 | £21,320 | £3,241 | £2,485,163 | £2,466,255 | £2,447,349 | £2,428,446 | £2,409,544 | £2,390,644 | £2,371,746 | £2,352,851 | £2,333,957 | £2,315,066 |