FINANCIAL business plan

FINANCIAL business - Income Statement 1 Sales forecasts are based on the analysis presented in the “market analysis” section of this business

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FINANCIAL Source and Use of Funds Statement Sources of funds Sources Amount Management Team investment $300,000 Line of Credit with Union Bank of California $300,000 (To be disbursed when business opens) Total start up cash needed $600,000 Uses of Funds Item Cost for year one Vans $100,000 Computers $3,200 Advertising $6,000 Insurance $200 Employees $162,000 Warehouse $24,000 Supplies/Materials $250,000 Dry cleaners $15,000 Other expenses $13,110 Total Required Funds $573,510 Assumption Sheet General (Assumption) That woman in Los Angeles will continue to attend many high end events such as parties, premiers and social gatherings. Financial Statement Assumptions
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Unformatted text preview: Income Statement 1. Sales forecasts are based on the analysis presented in the “market analysis” section of this business plan. Sales are projected to increase 7% per year. The first year our sales forecast is $600,000 dollars in sales. 2. Cost of Goods Sold (COGS): 40% 3. We assume that our accounts receivables, which are primarily consisting of customers purchasing dresses and purses, are paid upon receipt. 4. Marketing experiences based on annual marketing budget in marketing plan section of this business plan. Balance Sheet Accumulation of accounts receivable is consistent with industry norms....
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This note was uploaded on 01/23/2012 for the course BUSINESS IDS301 taught by Professor O'byrne during the Spring '09 term at San Diego State.

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FINANCIAL business - Income Statement 1 Sales forecasts are based on the analysis presented in the “market analysis” section of this business

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