Furniture Manufacturing Business Plan
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United States Department of Agriculture Forest Service Northeastern Area State and Private Forestry Newtown Square, PA A Planning Guide for Small and Medium Size Wood Products Companies Jeff Howe and Steve Bratkovich July 2005 NA-TP-03-05 The Keys to Success: Strategic Plans Marketing Plans Operating Plans Financial Plans Organizational Plans Business Plans Second Edition A Planning Guide for Small and Medium Size Wood Products Companies The Keys to Success: Strategic Plans Marketing Plans Operating Plans Financial Plans Organizational Plans Business Plans Second Edition Jeff Howe and Steve Bratkovich July 2005 Northeastern Area State and Private Forestry 11 Campus Blvd., Suite 200 Newtown Square, PA 19073 www.na.fs.fed.us Acknowledgments The authors are indebted to many people in the production of the first and second editions of this publication.. Sample Business Plan for Frank’s Frames Balance Sheet FRANK’S FRAMES Current year and previous year Current Yr Previous Yr 1,013 867,936 5,753 1,197,391 Total Current Assets 777,536 24,500 19,567 1,690,552 646,258 18,500 31,131 1,899,033 Net Property and Equipment 2,018,143 1,171,229 846,914 1,855,882 999,857 5,856,025 Total Assets 2,537,466 2,755,058 Liabilities and Stockholders Equity CURRENT LIABILITIES Note Payable - Bank Current Maturities of Long-Term Debt Accounts Payable Accrued Expenses Income Taxes Payable Total Current Liabilities 634,182 162,358 167,452 252,129 33,813 1,249,933 916,850 155,817 188,187 228,106 10,124 1,499,084 320,957 483,317 Total Liabilities 46,500 162,389 27,500 2,009,900 Total Stockholders’ Equity 5,705 914,372 920,077 5,705 739,453 745,158 Total Liabilities and Stockholders’ Equity 2,537,466 2,755,058 Assets CURRENT ASSETS Cash Accounts Receivable (less allowance for doubtful accounts of 12,000 in current yr and 10,000 in previous yr) Inventories Deferred Income taxes Other current Assets PROPERTY AND EQUIPMENT Property and equipment Less: Accumulated Depreciation LONG-TERM DEBT, Net
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