Financial Projections

Each partner invested cash into the business totaling 5,000,000. As well as 10 acres of leased
land and a livestock farm at a total value of 13,200,000. The investors vehicles that will be used
for HA’s operations were appraised at 22,000,000. Other equipment invested into the company
estimated at 20,600,000.
. The company invested in twelve 12 local horses @ $1,920,000 and utilized the 10 acrelandto
secure a $4,000,000 business mortgage to construct stables and a 4,500,000 loan to purchase
supplies and equipment; further, HA hired three (3) trainers/groomers and outsourcedveterinary
services.

Horsing Around
Balance Sheet as at Jan, 2021
ASSETS First Year Second Year Third Year
Current Assets      

Cash 7,093,553 8,560,465 10,844,153

Accounts Receivable - - -

Inventory 1,920,000 2,400,000 2,880,000

Prepaid Expenses 2,128,000 1,976,000 1,824,000

Other Initial Costs - - -

$
Total Current Assets 11,141,553 $ 12,936,465 $ 15,548,153
       
Fixed Assets      
Real Estate -- Land
13,200,000 13,200,000 13,200,000
Real Estate -- Buildings
4,000,000 4,000,000 4,000,000
Leasehold Improvements
- - -
Equipment
16,600,000 16,600,000 16,600,000
Furniture and Fixtures
- - -
Vehicles
5,000,000 5,000,000 5,000,000
Other
- - -
Total Fixed Assets $ 3,800,000 $ 38,800,000 $ 38,800,000
(Less Accumulated Depreciation) $ 2,021,424 $ 4,117,848 $ 6,214,272
Total Assets $ 47,920,128 $ 47,618,617 $ 48,133,881
       
LIABILITIES & EQUITY      
Liabilities      
Accounts Payable
- - -
Commercial Loan Balance
3,968,358 3,719,970 3,453,626
Commercial Mortgage Balance
3,933,956 3,863,489 3,788,303
Credit Card Debt Balance
- - -
Vehicle Loans Balance
- - -
Other Bank Debt Balance
- - -
Line of Credit Balance
- - -
$
Total Liabilities
7,902,314 $ 7,583,459 $ 7,241,929
Equity      
Common Stock
39,800,000 39,800,000 39,800,000
Retained Earnings
217,815 235,158 1,091,952
Dividends Dispersed/Owners
Draw - - -
$
Total Equity
40,017,815 $ 40,035,158 $ 40,891,952
$ $ $
Total Liabilities and Equity 47,920,128 47,618,617 48,133,881
       
$
- $ - $ -
 Payroll
HA will employ 3 full-time staff members (Trainers/ Groomers) and one contract veterinarian.
The Trainers or groomers will work for 5hours per day for 7 days and will be paid at the rate of
$8,400 per week while the veterinarian service will be solicited once a week at the rate of 3000
per 3hour checkup. Each investor will be paid after 6 months of the establishments of the
company at $5000 per week until the business performs above breakeven point.
Year 1 Growth Rate 1 Second Growth Rate 2 Third
Employee Types Totals to 2 Year to 3 Year

Owner(s) 600,000 20.0% 720,000 25.0% 900,000

Full-Time Employees 1,209,600 10.0% 1,330,560 15.0% 1,530,144

Part-Time Employees - 10.0% - 30.0% -

Independent Contractors 144,000 3.0% 148,320 3.0% 152,770

$ $ $
Total Salaries and Wages 1,953,600   2,198,880   2,582,914

Cost of Goods Sold

Variable Costs of Services
Timeframe: Month
Product Line: Project

Amount spent on labor during timeframe 282,000

Amount spent on materials during this timeframe 30,000

List any other variable costs associated with the delivery of your service during
this timeframe. 10,000
Total Service Expenses $ 322,000
Number Units Sold During Timeframe 32
Cost of Goods Sold Per Unit $ 10,063
 Month Month Month Month
Product Lines Year 1 Totals Month 1 Month 2 Month 3 4 Month 5 6 Month 7 8 Month 9 10 Month 11 Month 12
1                          
12 Sold 468 48 48 48 60 60 60 60 60 60 60 60 60
$ 720, 720, 720, 900,0 900, 900,0 900, 900,0 900, 900,0 900, 900,
Total Sales
7,020,000 000 000 000 00 000 00 000 00 000 00 000 000
$ 152, 152, 152, 190,9 190, 190,9 190, 190,9 190, 190,9 190, 190,
Total COGS
1,489,644 784 784 784 80 980 80 980 80 980 80 980 980
$ 567, 567, 567, 709,0 709, 709,0 709, 709,0 709, 709,0 709, 709,
Total Margin
5,530,356 216 216 216 20 020 20 020 20 020 20 020 020