Aftermarket Skate Store - Financial Plan
FINANCIAL PLAN
Our goal is to borrow $50,000 for 10 years. Our present plan is to utilize the borrowed money for the first year's operating capital, with cash input on a monthly basis. Such cash input will aid our operating costs and salaries. We should reach our break-even point after our first year. Upon receiving our loan, we would like to incorporate, as this will protect our company, investors, lenders, products, and stockholders. We expect sales to reach $473,843 after the first year, $1,104,890 after our second year, and $1,699,830 after the third year.
If sales don't measure up to our expectations, this could add an additional six months and an influx of another $20,000, which could be carried by credit card, but we don't expect this to happen.
These are our strong points:
- We want to finance growth mainly through cash flow. We recognize that this means we will will have to grow at a slower pace than we would like, but this will...
[The entire page is 2561 words long]
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