_______The Bronx Deli and Bakery_______

Financial Summary

Financial Plan

Key Revenue & Costs

Our primary source of revenue at Dough Haven Bakery will come from the sale of our baked goods, both in-store and through online orders. We expect secondary revenue streams from catering services for special events and baking workshops.

Our major costs include

1. Fixed Costs: Rent for the bakery premises, salaries of our team, and the cost of equipment and furniture.
2. Variable Costs: Costs of ingredients, packaging, utilities, and delivery costs for online orders.

Funding Requirements and Use of Funds

To kick start Dough Haven Bakery, we’re seeking an initial investment of $500,000. Here’s a broad overview of how we intend to utilize these funds:

• Equipment and Renovation (40%): This includes the cost of baking equipment, refrigeration, and renovation of the store.
• Inventory (20%): To stock up on baking ingredients, packaging materials, and other necessary supplies.
• Marketing and Advertising (15%): To boost our brand visibility and attract customers.
• Operational Expenses (10%): This covers costs such as salaries, rent, and utilities for the first few months of operation.
• Reserve Capital (15%): This will be kept aside to meet any unforeseen expenses or to cover any initial shortfalls in revenue.

Key Assumptions

In our financial forecasts for Dough Haven Bakery, we have centered our expectations on a few critical presumptions:

1. Expansion in Revenue: We are optimistic of a consistent annual growth rate of 30%, underpinned by an anticipated expansion of our customer base and enhanced brand visibility.
2. Consistent Fixed Costs: Over the forthcoming three years, we envisage that our fixed costs, encompassing expenses like rent and staff remuneration, will remain relatively unchanged.
3. Slight Rise in Variable Costs: Given the prevailing economic conditions, we anticipate a marginal escalation in our variable expenses, such as the cost of ingredients and packaging materials.
4. Impactful Marketing: We firmly believe that our marketing endeavors will successfully draw in and secure a loyal customer base, thereby driving our projected increase in revenue.

Financial Projections

The financial projections for Dough Haven Bakery over the course of three years are outlined as follows:

Year 1: During our inaugural year, we forecast a gradual growth trajectory as we consolidate our customer foundation. We predict revenues of $300,000 in contrast to total expenditures of $270,000, culminating in a net profit of $30,000.

Year 2: In our second year, capitalizing on a solid customer foundation and enhanced operational efficiency, we project a revenue boost of 30% amounting to $390,000, while expenses rise slightly to $300,000. Consequently, this translates into a net profit of $90,000.

Year 3: By the third year, we anticipate being fully operational with a robust brand identity. We predict an additional revenue surge of 30%, reaching $507,000, with costs incrementing modestly to $330,000. This results in a net profit of $177,000.

In summary, Dough Haven Bakery is well-positioned for triumph. Equipped with a sturdy financial blueprint, we are primed to introduce our extraordinary baked items to the market and furnish a unique, delectable experience for our clientele.

Income Statement

Balance Sheet

Cash Flow