Contractor Letter

How to draft a Contractor Letter? An easy way to start completing your document is to download this Contractor Letter template now!

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NxLeveL™ Sample Entrepreneur Business Plan Magellan Construction – May 1999 – Page 14 The Financial Plan Balance Sheets • • Current as of 6/1/99 Projected as of 12/31/99 Income Statements • • • Projections Assumptions 12/31/99 Projections Assumptions 12/31/00 Projections Assumptions 12/31/01 (In-class question: What additional information, if any, would you suggest be included in the Financial Plan, and why ) NxLeveL™ Sample Entrepreneur Business Plan Magellan Construction – May 1999 – Page 15 Magellan Construction Current Balance Sheet As of June 1, 1999 ASSETS Current Assets Cash A/R 14,000.00 115,000.00 129,000.00 Property, Plant, Equip.. Land Equipment 20,000.00 10,000.00 30,000.00 TOTAL ASSETS LIABILITIES Current Liabilities A/P Wages Payable Long-term Liabilities Notes Payable 217,000.00 40,000.00 1,000.00 41,000.00 66,000.00 66,000.00 TOTAL LIABILITIES 107,000.00 OWNER’S EQUITY 110,000.00 TOTAL LIABILITIES EQUITY 217,000.00 NxLeveL™ Sample Entrepreneur Business Plan Magellan Construction – May 1999 – Page 17 Magellan Associates Construction – Projected Monthly Income Statement for the period ended December 31, 1999 Months Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Yearly Total Sales 139,900 115,000 120,000 374,900 Cost of Home Sold 107,000 89,000 90,000 286,000 Gross Margin 32,900 26,000 30,000 88,900 Operating Expenses Non-Labor Exp.. 125 125 125 125 125 Outside Services Insurance 125 125 1,000 162 Advertising 162 162 450 Cell Phone 40 Repairs Maintenance 241 100 100 162 162 200 400 100 100 162 162 162 162 162 162 1,000 162 500 100 100 250 100 875 1,944 1,550 100 100 250 100 100 250 1,140 991 Depreciation Interest Old-Debt 300 450 500 500 300 300 0 0 350 0 0 0 2,700 Interest New Debt 150 50 0 0 0 350 0 350 350 0 0 0 1,250 Total Operating Expenses.. Net Profit (or Loss) Before Taxes Owner Withdrawals 200 200 200 200 200 200 200 1,000 200 200 1,000 603 1,303 603 653 1,003 678 528 478 678 528 278 278 7,611 ( 603) ( 1,303) ( 603) 34,347 ( 1,003) ( 678

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