The World's Leading Business Plan Template Directory

, / 733 0

Thrift Store Business Plan Template [Updated 2022]

SHARE

IX. Financial Plan


You can download our Business Plan Template (including a full, customizable financial model) to your computer here.

Revenue and Cost Drivers

[Company Name]’s revenues will come primarily from the sales it receives from the donated items it offers for resale.

The store lease, utilities, point-of-sale software, supplies, marketing, and labor expenses will be the key cost drivers of [Company Name]. The major cost drivers for the company’s operation will consist of:

  • Payroll
  • Point-of-sale software
  • Marketing
  • Business Insurance
  • Lease on retail space and utilities
  • Taxes
  • Security
    • Capital Requirements and Use of Funds

      [Company Name] is seeking a total funding of $50,000 of debt capital to open the thrift store. Funding will be dedicated to the design and opening of the store, developing the brand image, and three months of working capital expenses.

      • Store design/build-out: $20,000
      • Equipment, Point of Sale system, technology: $10,000
      • Brand development and marketing: $5,000
      • Working capital: $15,000 to fund payroll, taxes, and lease costs until [Company Name] reaches break-even

      Key Assumptions

      The following table reflects the key revenue and cost assumptions made in the financial model:

      Number of customers per dayPer location
      FY 175
      FY 2100
      FY 3125
      FY 4150
      FY 5175
      Annual Lease ( per location)$50,000

       
      5 Year Annual Income Statement

        Year 1Year 2Year 3Year 4Year 5
      Revenues
      Product/Service A$151,200 $333,396 $367,569 $405,245 $446,783
      Product/Service B$100,800 $222,264 $245,046 $270,163 $297,855
      Total Revenues$252,000 $555,660 $612,615 $675,408 $744,638
      Expenses & Costs
      Cost of goods sold$57,960 $122,245 $122,523 $128,328 $134,035
      Lease$60,000 $61,500 $63,038 $64,613 $66,229
      Marketing$20,000 $25,000 $25,000 $25,000 $25,000
      Salaries$133,890 $204,030 $224,943 $236,190 $248,000
      Other Expenses$3,500 $4,000 $4,500 $5,000 $5,500
      Total Expenses & Costs$271,850 $412,775 $435,504 $454,131 $473,263
      EBITDA($19,850)$142,885 $177,112 $221,277 $271,374
      Depreciation$36,960 $36,960 $36,960 $36,960 $36,960
      EBIT($56,810)$105,925 $140,152 $184,317 $234,414
      Interest$23,621 $20,668 $17,716 $14,763 $11,810
      PRETAX INCOME($80,431)$85,257 $122,436 $169,554 $222,604
      Net Operating Loss($80,431)($80,431)$0$0$0
      Income Tax Expense$0$1,689 $42,853 $59,344 $77,911
      NET INCOME($80,431)$83,568 $79,583 $110,210 $144,693
      Net Profit Margin (%)-15.00%13.00%16.30%19.40%

       
      5 Year Annual Balance Sheet

        Year 1Year 2Year 3Year 4Year 5
      ASSETS
      Cash$16,710 $90,188 $158,957 $258,570 $392,389
      Accounts receivable$0$0$0$0$0
      Inventory$21,000 $23,153 $25,526 $28,142 $31,027
      Total Current Assets$37,710 $113,340 $184,482 $286,712 $423,416
      Fixed assets$246,450 $246,450 $246,450 $246,450 $246,450
      Depreciation$36,960 $73,920 $110,880 $147,840 $184,800
      Net fixed assets$209,490 $172,530 $135,570 $98,610 $61,650
      TOTAL ASSETS$247,200 $285,870 $320,052 $385,322 $485,066
      LIABILITIES & EQUITY
      Debt$317,971 $272,546 $227,122 $181,698 $136,273
      Accounts payable$9,660 $10,187 $10,210 $10,694 $11,170
      Total Liabilities$327,631 $282,733 $237,332 $192,391 $147,443
      Share Capital$0$0$0$0$0
      Retained earnings($80,431)$3,137 $82,720 $192,930 $337,623
      Total Equity($80,431)$3,137 $82,720 $192,930 $337,623
      TOTAL LIABILITIES & EQUITY$247,200 $285,870 $320,052 $385,322 $485,066

       
      5 Year Annual Cash Flow Statement

       Year 1Year 2Year 3Year 4Year 5
      CASH FLOW FROM OPERATIONS
      Net Income (Loss)($80,431)$83,568 $79,583 $110,210 $144,693
      Change in working capital($11,340)($1,625)($2,350)($2,133)($2,409)
      Depreciation$36,960 $36,960 $36,960 $36,960 $36,960
      Net Cash Flow from Operations($54,811)$118,902 $114,193 $145,037 $179,244
      CASH FLOW FROM INVESTMENTS
      Investment($246,450)$0$0$0$0
      Net Cash Flow from Investments($246,450)$0$0$0$0
      CASH FLOW FROM FINANCING
      Cash from equity$0$0$0$0$0
      Cash from debt$317,971 ($45,424)($45,424)($45,424)($45,424)
      Net Cash Flow from Financing$317,971 ($45,424)($45,424)($45,424)($45,424)
      SUMMARY
      Net Cash Flow$16,710 $73,478 $68,769 $99,613 $133,819
      Cash at Beginning of Period$0$16,710 $90,188 $158,957 $258,570
      Cash at End of Period$16,710 $90,188 $158,957 $258,570 $392,389

       

      You can download our Business Plan Template (including a full, customizable financial model) to your computer here.

       

      Pages : 1 2 3 4 5 6 7 8 9 10