Sample Chart of Accounts for Florist

Sample Chart of Accounts for Florist

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Red, White & Bloom

Financial Plan
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  • Contracted Labor and Hire brand upward over 40% of the operating expenses.
  • Red White & Blossom wants to finance growth through cash flow.
  • Marketing will remain at or below vi% of sales.
  • Company expansion, while non a necessity, volition exist an choice if sales projections are met and/or exceeded.

seven.1 Intermission-fifty-fifty Analysis

For our interruption-even analysis, we assume running costs which include our full payroll, rent, and utilities, and an interpretation of other running costs. The chart shows what we demand to sell per month to break fifty-fifty, according to these assumptions.

Florist business plan, financial plan chart image

Break-even Analysis
Monthly Acquirement Interruption-even $five,085
Assumptions:
Average Per centum Variable Toll xxx%
Estimated Monthly Fixed Cost $3,560

7.2 Projected Profit and Loss

This business program assumes an eventual ten% profit and is congenital using the following allocations of gross acquirement:

  • 10% profit
  • thirty% labor (including possessor’s describe)
  • 10% inventory
  • 27% overhead
  • 23% cost of merchandise

Florist business plan, financial plan chart image

Florist business plan, financial plan chart image

Florist business plan, financial plan chart image

Florist business plan, financial plan chart image

Pro Forma Turn a profit and Loss
Year i Year 2 Yr 3
Sales $79,600 $137,200 $166,600
Direct Cost of Sales $23,880 $41,160 $49,830
Other Costs of Goods $0 $0 $0
Total Price of Sales $23,880 $41,160 $49,830
Gross Margin $55,720 $96,040 $116,770
Gross Margin % 70.00% seventy.00% 70.09%
Expenses
Payroll $0 $0 $0
Marketing & Advertising $4,640 $6,860 $8,330
Depreciation $one,150 $i,150 $1,150
Rent $iv,800 $7,800 $eight,400
Delivery Labor $five,000 $eight,500 $x,200
Temp Labor $768 $1,000 $1,000
Contracted Floral Designer $0 $17,000 $18,200
Insurance $3,390 $four,068 $4,068
Ante & Subscriptions $250 $300 $300
Repairs & Maintenance $one,000 $i,200 $1,200
Supplies $2,650 $five,488 $6,944
Taxes $1,330 $2,000 $2,500
Other Fees $ane,500 $1,800 $one,800
Buildout Costs $9,000 $0 $0
Deposits $ane,000 $0 $0
Utilities $3,500 $four,200 $4,200
Van $1,410 $ane,692 $1,692
Merchant Fees $1,330 $ii,744 $three,472
Total Operating Expenses $42,718 $65,802 $73,456
Profit Before Involvement and Taxes $13,002 $30,238 $43,314
EBITDA $fourteen,152 $31,388 $44,464
Interest Expense $2,156 $1,404 $711
Taxes Incurred $iii,254 $8,650 $12,781
Net Profit $7,592 $20,184 $29,822
Net Profit/Sales 9.54% fourteen.71% 17.90%

7.three Projected Cash Flow

The Cash Flow tabular array, below, shows a solid cash residue from day ane. Because Ruddy White & Flower will sell on a cash-basis only, and will stock simply slightly more than one calendar month’s inventory at whatsoever time, we practise not anticipate any problems with cash menses, one time we accept obtained sufficient start-upward funds.

Florist business plan, financial plan chart image

Pro Forma Greenbacks Flow
Year 1 Year 2 Yr three
Cash Received
Greenbacks from Operations
Cash Sales $79,600 $137,200 $166,600
Subtotal Cash from Operations $79,600 $137,200 $166,600
Additional Cash Received
Sales Revenue enhancement, VAT, HST/GST Received $0 $0 $0
New Electric current Borrowing $0 $0 $0
New Other Liabilities (interest-complimentary) $0 $0 $0
New Long-term Liabilities $0 $0 $0
Sales of Other Current Avails $0 $0 $0
Sales of Long-term Avails $0 $0 $0
New Investment Received $0 $0 $0
Subtotal Cash Received $79,600 $137,200 $166,600
Expenditures Year 1 Year two Twelvemonth 3
Expenditures from Operations
Cash Spending $0 $0 $0
Pecker Payments $64,913 $117,356 $135,553
Subtotal Spent on Operations $64,913 $117,356 $135,553
Boosted Cash Spent
Sales Taxation, VAT, HST/GST Paid Out $0 $0 $0
Main Repayment of Current Borrowing $15,000 $13,860 $13,860
Other Liabilities Principal Repayment $0 $0 $0
Long-term Liabilities Main Repayment $0 $0 $0
Buy Other Electric current Assets $0 $0 $0
Purchase Long-term Avails $0 $0 $0
Dividends $0 $0 $0
Subtotal Cash Spent $79,913 $131,216 $149,413
Net Cash Flow ($313) $5,984 $17,187
Cash Balance $70,037 $76,021 $93,208

seven.4 Projected Balance Sheet

The Balance Sheet, below, shows our projected assets and liabilities for the three years of the program, including accumulated depreciation of long-term assets.

Pro Forma Remainder Sheet
Year 1 Year ii Year three
Assets
Current Avails
Cash $70,037 $76,021 $93,208
Inventory $3,947 $half dozen,803 $8,236
Other Current Assets $0 $0 $0
Full Current Assets $73,984 $82,824 $101,444
Long-term Assets
Long-term Avails $11,550 $11,550 $11,550
Accumulated Depreciation $i,150 $2,300 $3,450
Total Long-term Assets $x,400 $9,250 $8,100
Full Assets $84,384 $92,074 $109,544
Liabilities and Upper-case letter Twelvemonth 1 Twelvemonth 2 Twelvemonth 3
Electric current Liabilities
Accounts Payable $8,392 $9,758 $eleven,265
Current Borrowing $35,000 $21,140 $vii,280
Other Current Liabilities $0 $0 $0
Subtotal Electric current Liabilities $43,392 $30,898 $18,545
Long-term Liabilities $0 $0 $0
Total Liabilities $43,392 $30,898 $18,545
Paid-in Capital letter $45,000 $45,000 $45,000
Retained Earnings ($eleven,600) ($4,008) $16,176
Earnings $7,592 $xx,184 $29,822
Full Uppercase $40,992 $61,176 $ninety,999
Full Liabilities and Majuscule $84,384 $92,074 $109,544
Net Worth $40,992 $61,176 $90,999

vii.five Business Ratios

Business ratios for the years of this program are shown below. Industry contour ratios based on the Standard Industrial Classification (SIC) code 5992, Florists, are shown for comparing.

Ratio Analysis
Yr 1 Year ii Year 3 Industry Profile
Sales Growth 0.00% 72.36% 21.43% 0.24%
Percent of Total Assets
Inventory 4.68% 7.39% 7.52% 36.28%
Other Current Avails 0.00% 0.00% 0.00% 24.49%
Total Current Assets 87.68% 89.95% 92.61% 76.91%
Long-term Assets 12.32% 10.05% vii.39% 23.09%
Full Assets 100.00% 100.00% 100.00% 100.00%
Current Liabilities 51.42% 33.56% 16.93% 39.45%
Long-term Liabilities 0.00% 0.00% 0.00% eleven.77%
Total Liabilities 51.42% 33.56% 16.93% 51.22%
Internet Worth 48.58% 66.44% 83.07% 48.78%
Percent of Sales
Sales 100.00% 100.00% 100.00% 100.00%
Gross Margin lxx.00% 70.00% 70.09% 38.48%
Selling, General & Administrative Expenses #VALUE! 68.09% #VALUE! 23.26%
Advert Expenses 0.00% 0.00% 0.00% ii.12%
Profit Before Interest and Taxes xvi.33% 22.04% 26.00% 1.54%
Main Ratios
Current 1.71 2.68 5.47 ane.68
Quick one.61 2.46 v.03 0.68
Total Debt to Total Assets 51.42% 33.56% 16.93% 57.66%
Pre-tax Render on Cyberspace Worth 26.46% 47.13% 46.82% 3.25%
Pre-taxation Return on Assets 12.85% 31.32% 38.89% 7.68%
Boosted Ratios Year 1 Year ii Twelvemonth 3
Internet Profit Margin ix.54% 14.71% 17.90% n.a
Return on Equity 18.52% 32.99% 32.77% n.a
Activity Ratios
Inventory Turnover 9.79 7.66 six.63 due north.a
Accounts Payable Turnover eight.73 12.17 12.17 n.a
Payment Days 27 28 28 n.a
Total Asset Turnover 0.94 1.49 ane.52 n.a
Debt Ratios
Debt to Net Worth 1.06 0.51 0.20 northward.a
Current Liab. to Liab. 1.00 ane.00 1.00 n.a
Liquidity Ratios
Net Working Capital $30,592 $51,926 $82,899 due north.a
Interest Coverage vi.03 21.54 sixty.96 n.a
Boosted Ratios
Avails to Sales 1.06 0.67 0.66 n.a
Electric current Debt/Full Assets 51% 34% 17% northward.a
Acid Test i.61 2.46 five.03 n.a
Sales/Internet Worth 1.94 ii.24 1.83 n.a
Dividend Payout 0.00 0.00 0.00 n.a

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Sample Chart of Accounts for Florist

Source: https://www.bplans.com/florist-business-plan/financial-plan/

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