Fill in the yellow blanks START-UP PLAN This is a picture before the store opens, not at year end.
Start-up Expenses
Advertising $0 Newspaper, radio, TV for opening.
Benefits As % of Payroll (pick 0% to 2%) 0.00% $0
Payroll $0 Include all pre-opening labor here.
Payroll Taxes $0
Postage & Delivery $0
Printing & Reproduction $0 Include any opening promotional activity here.
Supplies $0
Telephone & Internet $0 Web-site costs go here.
Shipping & Handling $0 Include shipping for inventory and supplies.
Dues & Subscriptions $0
Business Insurance $0
Licenses & Permits $0
Manager's Salary $0 Manager's wages for set-up.
Maintenance $0
Professional Fees $0 Include your cost of paying for your business plan here.
Rent $0 Only prior to opening.
Utilities $0
Other (Explain) $0
Other (Explain) $0
Total Start-up Expenses $0
Start-up Assets
Cash $0 Plug figure
Inventory $0 Determine your opening requirements
Other Short Term Assets $0 Prepaid rent, utility deposit, petty cash
Total Short Term Assets $0
Long Term Assets Fixtures, computer, internet, repairs & improvements
Fixtures $0
Computers $0
Furniture $0
Repairs and Improvements $0
Internet/WebPage $0
Other (Explain) $0
Total Long-term Assets $0
Total Assets $0
Total Requirements $0
Start-up Funding Plan
Private Investment $0 From funding statement
Total Investment $0
Short Term Notes $0 Such as inventory liens.
Bank Notes $0
SBA Loans $0
Long Term Liabilities $0
Total Liabilities $0
Loss at Start-up $0 minus total start-up expenses
Total Capital $0 total investment plus loss
Total Capital and Liabilities $0 total capital plus total liabilities
Checkline $0 total assets less total capital and liabilites
Start-up Financing
$1
$1
$1
$1
$1
Dollars
$1
$0
$0
$0
$0
$0
1
Expenses, Assets, Investments, Loans
A company will break even at the point where
Total Revenue (TR) = Total Cost (TC)
TR = Unit Sales (Su) x Price/Unit (Pu) TC = Fixed Cos
So, break even occurs when
Su x Pu = FC + Su x Cu
-Su x Cu -Su x Cu
Su x Pu - Su x Cu = FC or Su (Pu-Cu)= FC
Since Pu-Cu = GM Break even occurs when t
Since GM% = GM/TR, to convert to break even in do
oint where
Total Cost (TC)
TC = Fixed Cost (FC) + Variable Cost (VC)
VC = Su x Cost/Unit (Cu)
+ Su x Cu
Su (Pu-Cu)= FC or Su = FC/(Pu-Cu)
en occurs when the units sold = FC/GM
break even in dollars, use FC/GM%
Fixed Costs $30,000
Cost per Unit $5
Selling Price $8
Gross Margin % 38%
Break Even in Dollars $80,000
Break Even in Units 10,000