magical moments concierge
TRANSCRIPT
C O N F I D E N T I A L
Magical Moments ConciergeGiving You The Time You Need...
B U S I N E S S P L A N
PREPARED FEBRUARY 2016
Contact Information
Mya Douglas 93 Old York Road
[email protected] Jenkintown, PA 19046
magicalmomentsconcierge.com 4049070623
Magical Moments Concierge i
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Table of Contents
Executive Summary............................................................................................................................1Opportunity .............................................................................................................................................................................................................................1
Expectations .............................................................................................................................................................................................................................3
Opportunity ..........................................................................................................................................5Problem & Solution ................................................................................................................................................................................................................5
Target Market ..........................................................................................................................................................................................................................5
Competition .............................................................................................................................................................................................................................7
Execution ...............................................................................................................................................8Marketing & Sales ...................................................................................................................................................................................................................8
Operations ..............................................................................................................................................................................................................................10
Company..............................................................................................................................................11Overview .................................................................................................................................................................................................................................11
Financial Plan.....................................................................................................................................12Forecast....................................................................................................................................................................................................................................12
Financing ................................................................................................................................................................................................................................13
Appendix .............................................................................................................................................14Profit and Loss Statement .................................................................................................................................................................................................14
Balance Sheet .........................................................................................................................................................................................................................21
Cash Flow Statement...........................................................................................................................................................................................................28
Magical Moments Concierge 1
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Executive Summary
Opportunity
Problem
Magical Moments Concierge is a concierge business whose mission is to bring families back together at home and at
the dinner table by creating magical moments that they never have to leave their homes to experience. We do this
through two kinds of services: family task planning and family event planning.
Like many concierge businesses, our service will cater to the needs of people, but with a focus on families with
children that need help carving out time to spend together. Our focus is to help families get rid of excuses that they
feel may be hindering them from having valuable, memorable moments with each other. Often times, families with
two working parents and children can’t seem to figure out how to put other things to the side to focus on what’s
most important.
Or their to-do list exceeds the time they have and they need help structuring and organizing their "everyday". Not
because they don’t want to, but many feel like in order to do everything that they need to do, they must give up
something else. This immediately inflicts a fear that “I can’t do it all”.
Magical Moments Concierge is here to help families realize that spending valuable time together isn’t some far-
fetched idea. We help families create “memorable” moments instead of having “accidental” moments and we help
them maximize their time by streamlining their tasks in an effective way.
Solution
To solve this problem, Magical Moments Concierge offers families a system where they can hire us to bring
organization and structure to their everyday lives or hire us to create a magical, one of a kind experience. Whether
working on a special moment between a father and his daughter, or trying to get through the week ahead, we
provide excellent service through package options that are tailored to the needs of the family.
Market
Overview:
Our clients are individuals who feel a strong sense of stress when they are trying to accomplish their weekly or
monthly to-do list and include their family in the fold. They are married and have an annual income of $100,000 or
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more. They have two or more children and spend an average of $1500 or more on family activities or gatherings.
The demographics include but aren't limited to:
Corporate Executives
Professional Service Providers (Physicians, Lawyers, etc.)
Entrepreneurs
According to IBISWorld (the largest provider of industry information in the US), they expect the concierge industry
to see an uptick, with annual revenue projected to grow to $264 million by 2017.
This report snapshot was taken from the IBISWorld website. Although the report is focused on those in the business
concierge space, the commonality is that there aren't any companies that have a dominant market share in the
concierge industry. We also want to point out this proves there is a share of the market that wants to maximize their
time and people in this market may have families.
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Competition
Our direct competitors are:
The Party Concierge - A party planning service that helps people from planning to clean up.
Center City Concierge - A service that focuses on personal and business services.
Schleppers Philadelphia - A one woman, concierge business that helps with errands, pet care, wedding coordinating
and other tasks.
These concierge services charge anywhere from $45-70/hour and although they all focus on maximizing time in
some way, one is niche with a focus on party planning, the others focus on personal and business errands. Magical
Moments is niche with a focus on family unity and building bonds through basic family planning and event
planning.
Why Us?
What makes Magical Moment Concierge clients choose our services is because we aim to bring together families
through helping them organize and streamline their tasks list and creating memorable experiences through family
style events.
Families won't feel like they are just handing their life over to someone, which works for a busy executive who just
wants an assistant. Our goal is to create a system where we if you have a problem in January, we help you solve it so
that you aren't having the same problem in February. This doesn't mean families will only use us once - it just means
they walk away with valuable resources, experiences and a stronger family bond.
Expectations
Forecast
Magical Moments Concierge expects to make $75,000 in its first year. We expect our revenue growth to be 100%
and expect it to be profitable immediately upon getting our first client. Even with the start-up costs for the
equipment, most of which is already owned (fax machine, etc.), the profit will still be seen no later than the second
month in full-time business.
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Revenue
Financing Needed
The business will be funded through a savings account via the proprietor. The account has $6700 that will help fund
the first year cost.
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OpportunityProblem & Solution
Problem Worth Solving
Magical Moments Concierge is a concierge business whose mission is to bring families back together at home and at
the dinner table by creating magical moments that they never have to leave their homes to experience. We do this
through two kinds of services: family task planning and family event planning.
Like many concierge businesses, our service will cater to the needs of people, but with a focus on families with
children that need help carving out time to spend together. Our focus is to help families get rid of excuses that they
feel may be hindering them from having valuable, memorable moments with each other. Often times, families with
two working parents and children can’t seem to figure out how to put other things to the side to focus on what’s
most important.
Or their to-do list exceeds the time they have and they need help structuring and organizing their "everyday". Not
because they don’t want to, but many feel like in order to do everything that they need to do, they must give up
something else. This immediately inflicts a fear that “I can’t do it all”.
Magical Moments Concierge is here to help families realize that spending valuable time together isn’t some far-
fetched idea. We help families create “memorable” moments instead of having “accidental” moments and we help
them maximize their time by streamlining their tasks in an effective way.
Our Solution
To solve this problem, Magical Moments Concierge offers families a system where they can hire us to bring
organization and structure to their everyday lives or hire us to create a magical, one of a kind experience. Whether
working on a special moment between a father and his daughter, or trying to get through the week ahead, we
provide excellent service through package options that are tailored to the needs of the family.
Target Market
Our ideal client:
Male Prospect Avatar
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I am a 40+ career driven professional who doesn’t know how to manage my time outside the office. As a married
man and father, my children often get the brunt end of my energy, because I’ve expended it all at work, trying to
stay on top of my to-do list and making sure that my business doesn’t suffer.
At the country club, my fellow colleagues and I have talked about how crazy our schedules are and how we enjoy the
“macho” feeling of providing for our families, living the life of luxury and being able to have these frequent
gatherings at the club.
Between the business organizations I am apart of and the country club gatherings, this accounts for 15% of my time
monthly, with about 68% going to things pertaining to my career and workplace gatherings. The last 17% goes to
family gatherings – which half the time, my wife has to remind me of constantly and my phone does the reminding
the other half.
My wife is a career professional as well and our to-do list exceeds the pair of hands we have on deck. In fact, it
exceeds it and most of the things on the list don’t get done. Those that do get done aren’t the “priority”.
Female Prospect Avatar
I am a 40+ career driven professional who doesn’t know how to manage my time between my family and my career.
As a married woman and mother, my family often gets the brunt end of my energy, because I’ve expended it all at
work, trying to stay on top of my to-do list and making sure that my business doesn’t suffer.
During my social gatherings with other career moms, my fellow colleagues and I have talked about how crazy our
schedules are and how today, women can truly have it “all”. But I often feel “all” isn’t enough.
Between recitals, after school activities, dinner and staying on top of my busy work load, there’s barely enough
room in my schedule to fit the “to-do” list that NEEDS to get done. Nothing on my list is something that I can “flag”
off or delay until another day.
My husband is a career professional as well and our to-do list exceeds the pair of hands we have on deck. Nothing
would make me happier, more relaxed and help my household run smoothly than to have someone there to help me
when I need it most, so more of my time can be focused on my family’s needs and my own.
Overview:
Our clients are individuals who feel a strong sense of stress when they are trying to accomplish their weekly or
monthly to-do list and include their family in the fold. They are married and have an annual income of $100,000 or
more. They have two or more children and spend an average of $1500 or more on family activities or gatherings.
The demographics include but aren't limited to:
Magical Moments Concierge 7
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Corporate Executives
Professional Service Providers (Physicians, Lawyers, etc.)
Entrepreneurs
Competition
Current Alternatives
Our direct competitors are:
The Party Concierge - A party planning service that helps people from planning to clean up.
Center City Concierge - A service that focuses on personal and business services.
Schleppers Philadelphia - A one woman, concierge business that helps with errands, pet care, wedding coordinating
and other tasks.
These concierge services charge anywhere from $45-70/hour and they are more focused on "getting the job done",
with little contact with the client they are helping after the initial conversation.
What makes Magical Moment Concierge clients choose our services is because we aim to bring together families
through helping them organize and streamline their tasks list and creating memorable experiences through family
style events.
Families won't feel like they are just handing their life over to someone, which works for a busy executive who just
wants an assistant. Our goal is to create a system where we if you have a problem in January, we help you solve it so
that you aren't having the same problem in February. This doesn't mean families will only use us once - it just means
they walk away with valuable resources, experiences and a stronger family bond.
Our Advantages
Our solution is specialized - no family receives a one size fits all solution. From a custom book experience for your
child, which would mean more to them than just reading a book in a rush once you get home late at night; to
someone coming in to help you streamline all of the "priority" things that need to get done and helping you
structure a way to do it without feeling overwhelmed, Magical Moments is a business that cares.
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ExecutionMarketing & Sales
Marketing Plan
Using Vistaprint, Magical Moments will purchase a mailing list with a very tailored target market. 500 postcards
will be sent for the initial contact, with a focus on getting at least 5% (25) to respond. How? Offering 20% off services
if booked within ten days from the mailing date of the postcards. This way, when someone calls in with the coupon
code, we will know what ROI we received.
Our focus would be on finding the following:
People who live in family dwellings or single homes
Household income of $100,000 or more
Two or more children, ages five and up
Business Owners or Corporate Executives
Areas targeted would include: Chestnut Hill, Center City, Newtown, etc.
We would also target areas where families pay tuition for their children's education.
Our USP:
You can’t please everybody, but you can balance all of your lifestyle needs without compromising the vision you
have for your life, your career and your family.
Pitch:
We are here to help you create a magical experience for your family that you won't have to leave home to experience.
We also have your back to make sure "everyday" is as magical as can be.
The Painful Questions:
Dad, how many electronics have you bought this year? Now, how wired are you to your children’s activities? We can
help you get and stay connected.
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Mom, how many house gatherings have you had with your fave five girlfriends? Now how many are with just the
five members of your family (including the dog)?
Pricing Plans:
Hourly Concierge Services
$60/hour for you and your family to experience a more structured and committed lifestyle. For the basic family
planning, the $60/hour option has a four hour minimum and must be booked online with a 50% deposit.
Family Task Organizing and Planning
•Great for weekly and monthly planning
•Great for families with children in multiple after school activities
•Great for families where both parents work different times of the day (one in the morning, one at night, etc.)
Magical Moments Hourly Experience
Middle Class on a Budget Option:
–$20-25/hour experiences (two hour minimum)
–Classes must have a minimum of 20 enrollees (parents and children)
–Classes Taught: Cooking, Sewing, Costume Design, Jewelry Design, Video Game Experiences (Wii), Event
Planning, etc.
Magical Moments Customized Experienced
Packages starting at $800
Breaks down to approximately $100/hour
Clients will book their free, one hour consultation with us via our website. We will send 10-20 questions, depending
on their story and then give them a call to discuss details. Once clients pay the one hour deposit online ($100), we
will meet with them face-to-face to iron out all the details and to create a customized experience (depending on the
package they choose).
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Sales Plan
Businesses in this space often have clients that intend to purchase immediately upon their consultations. This is
because the service that's offered through a concierge business is one that a client chooses - they know they need
help and they need order brought to their everyday lives.
To up sell: A family who chooses the basic package has already spent $240 (minimum) and can be convinced
to purchase a complete magical moment package once they are given a glimpse into what an experience could do for
them (i.e. a visual presentation from a past client, a Q&A experience with our consultant, etc.)
Operations
For the first three years, the company will be run from a home office. This office will be set up with all the
electronics and equipment needed to keep the business running successfully.
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CompanyOverview
Ownership & Structure
This is a home-based business run by Mya K. Douglas, the sole proprietor. The company will run under a sole
proprietorship in year one and as an LLC (Limited Liability Company) from years two and forward. By the end of
year one, at least one other team member will be brought on to help maintain the level of quality that the business
will have become known for at this point. The team member will be brought on board on an as needed basis.
Business Model Canvas
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Financial PlanForecast
Key Assumptions
Revenue is projected based on several key factors which include:
Market research for the concierge industry's growth (articles, IBISWorld, competitors, etc.)
Articles on the demographic targeted (managing time, finding balance, etc.)
1 The concierge market is expected to grow double in the next five years, due to improving per capita disposable
income, particularly among households that earn more than $100,000, which is one of the industry's primary target
markets.
2 Of the $1.5 billion worldwide industry market, 60% is in the United States.
Source:
1 & 2 http://loyalty360.org/resources/article/concierge-services-offer-improved-retention-revenue
Expenses
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Expenses by Month
Net Profit (or Loss) by Year
Financing
Personal Savings will be used to fund the business.
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AppendixProfit and Loss Statement
Profit and Loss Statement (With Monthly Detail)
FY2017 Apr '16 May '16 Jun '16 Jul '16 Aug '16 Sep '16 Oct '16 Nov '16 Dec '16 Jan '17 Feb '17 Mar '17
Revenue $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600
Direct Costs
Gross Margin $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600
Gross Margin % 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%
Operating Expenses
Salary
Employee Related Expenses
Business Insurance $60 $60 $60 $60 $60 $60 $60 $60 $60 $60 $60 $60
Xfinity Internet $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50
Cell Phone $35 $35 $35 $35 $35 $35 $35 $35 $35 $35 $35 $35
All in One Printer (Canon, Fax included)
$109
Website Creation (Wordpress)
$100
Advertising $132 $132 $132 $132 $132 $132 $132 $132 $132 $132 $132 $132
Office Supplies $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50
Marketing Materials $33 $33 $33 $33 $33 $33 $33 $33 $34 $34 $34 $34
Magical Moments Concierge 15
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LLC Registration Fee
Total Operating Expenses
$569 $360 $360 $360 $360 $360 $360 $360 $361 $361 $361 $361
Operating Income $6,031 $6,240 $6,240 $6,240 $6,240 $6,240 $6,240 $6,240 $6,239 $6,239 $6,239 $6,239
Interest Incurred
Depreciation and Amortization
Income Taxes $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Expenses $569 $360 $360 $360 $360 $360 $360 $360 $361 $361 $361 $361
Net Profit $6,031 $6,240 $6,240 $6,240 $6,240 $6,240 $6,240 $6,240 $6,239 $6,239 $6,239 $6,239
Net Profit / Sales 91% 95% 95% 95% 95% 95% 95% 95% 95% 95% 95% 95%
Magical Moments Concierge 16
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FY2018 Apr '17 May '17 Jun '17 Jul '17 Aug '17 Sep '17 Oct '17 Nov '17 Dec '17 Jan '18 Feb '18 Mar '18
Revenue $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600
Direct Costs
Gross Margin $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600
Gross Margin % 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%
Operating Expenses
Salary $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250
Employee Related Expenses
Business Insurance $60 $60 $60 $60 $60 $60 $60 $60 $60 $60 $60 $60
Xfinity Internet $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50
Cell Phone $35 $35 $35 $35 $35 $35 $35 $35 $35 $35 $35 $35
All in One Printer (Canon, Fax included)
Website Creation (Wordpress)
Advertising $132 $132 $132 $132 $132 $132 $132 $132 $132 $132 $132 $132
Office Supplies $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50
Marketing Materials $33 $33 $33 $33 $33 $33 $33 $33 $34 $34 $34 $34
LLC Registration Fee
$125
Total Operating Expenses
$360 $485 $1,610 $1,610 $1,610 $1,610 $1,610 $1,610 $1,611 $1,611 $1,611 $1,611
Operating Income $6,240 $6,115 $4,990 $4,990 $4,990 $4,990 $4,990 $4,990 $4,989 $4,989 $4,989 $4,989
Interest Incurred
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Depreciation and Amortization
Income Taxes $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Expenses $360 $485 $1,610 $1,610 $1,610 $1,610 $1,610 $1,610 $1,611 $1,611 $1,611 $1,611
Net Profit $6,240 $6,115 $4,990 $4,990 $4,990 $4,990 $4,990 $4,990 $4,989 $4,989 $4,989 $4,989
Net Profit / Sales 95% 93% 76% 76% 76% 76% 76% 76% 76% 76% 76% 76%
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FY2019 Apr '18 May '18 Jun '18 Jul '18 Aug '18 Sep '18 Oct '18 Nov '18 Dec '18 Jan '19 Feb '19 Mar '19
Revenue $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600
Direct Costs
Gross Margin $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600 $6,600
Gross Margin % 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%
Operating Expenses
Salary $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250 $1,250
Employee Related Expenses
Business Insurance $60 $60 $60 $60 $60 $60 $60 $60 $60 $60 $60 $60
Xfinity Internet $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50
Cell Phone $35 $35 $35 $35 $35 $35 $35 $35 $35 $35 $35 $35
All in One Printer (Canon, Fax included)
Website Creation (Wordpress)
Advertising $132 $132 $132 $132 $132 $132 $132 $132 $132 $132 $132 $132
Office Supplies $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50
Marketing Materials $33 $33 $33 $33 $33 $33 $33 $33 $34 $34 $34 $34
LLC Registration Fee
Total Operating Expenses
$1,610 $1,610 $1,610 $1,610 $1,610 $1,610 $1,610 $1,610 $1,611 $1,611 $1,611 $1,611
Operating Income $4,990 $4,990 $4,990 $4,990 $4,990 $4,990 $4,990 $4,990 $4,989 $4,989 $4,989 $4,989
Interest Incurred
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Depreciation and Amortization
Income Taxes $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Expenses $1,610 $1,610 $1,610 $1,610 $1,610 $1,610 $1,610 $1,610 $1,611 $1,611 $1,611 $1,611
Net Profit $4,990 $4,990 $4,990 $4,990 $4,990 $4,990 $4,990 $4,990 $4,989 $4,989 $4,989 $4,989
Net Profit / Sales 76% 76% 76% 76% 76% 76% 76% 76% 76% 76% 76% 76%
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FY2017 FY2018 FY2019
Revenue $79,200 $79,200 $79,200
Direct Costs
Gross Margin $79,200 $79,200 $79,200
Gross Margin % 100% 100% 100%
Operating Expenses
Salary $12,500 $15,000
Employee Related Expenses
Business Insurance $720 $720 $720
Xfinity Internet $600 $600 $600
Cell Phone $420 $420 $420
All in One Printer (Canon, Fax included) $109
Website Creation (Wordpress) $100
Advertising $1,584 $1,584 $1,584
Office Supplies $600 $600 $600
Marketing Materials $400 $400 $400
LLC Registration Fee $125
Total Operating Expenses $4,533 $16,949 $19,324
Operating Income $74,667 $62,251 $59,876
Interest Incurred
Depreciation and Amortization
Income Taxes $0 $0 $0
Total Expenses $4,533 $16,949 $19,324
Net Profit $74,667 $62,251 $59,876
Net Profit / Sales 94% 79% 76%
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Balance Sheet
Balance Sheet (With Monthly Detail)
FY2017 Apr '16 May '16 Jun '16 Jul '16 Aug '16 Sep '16 Oct '16 Nov '16 Dec '16 Jan '17 Feb '17 Mar '17
Cash $6,031 $12,271 $18,511 $24,751 $30,991 $37,231 $43,471 $49,711 $55,950 $62,189 $68,428 $74,667
Accounts Receivable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Inventory
Other Current Assets
Total Current Assets
$6,031 $12,271 $18,511 $24,751 $30,991 $37,231 $43,471 $49,711 $55,950 $62,189 $68,428 $74,667
Long-Term Assets
Accumulated Depreciation
Total Long-Term Assets
Total Assets $6,031 $12,271 $18,511 $24,751 $30,991 $37,231 $43,471 $49,711 $55,950 $62,189 $68,428 $74,667
Accounts Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Income Taxes Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Sales Taxes Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Short-Term Debt
Prepaid Revenue
Total Current Liabilities
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Long-Term Debt
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Total Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Paid-in Capital
Retained Earnings
Earnings $6,031 $12,271 $18,511 $24,751 $30,991 $37,231 $43,471 $49,711 $55,950 $62,189 $68,428 $74,667
Total Owner's Equity
$6,031 $12,271 $18,511 $24,751 $30,991 $37,231 $43,471 $49,711 $55,950 $62,189 $68,428 $74,667
Total Liabilities & Equity
$6,031 $12,271 $18,511 $24,751 $30,991 $37,231 $43,471 $49,711 $55,950 $62,189 $68,428 $74,667
Magical Moments Concierge 23
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FY2018 Apr '17 May '17 Jun '17 Jul '17 Aug '17 Sep '17 Oct '17 Nov '17 Dec '17 Jan '18 Feb '18 Mar '18
Cash $80,907 $87,022 $92,012 $97,002 $101,992 $106,982 $111,972 $116,962 $121,951 $126,940 $131,929 $136,918
Accounts Receivable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Inventory
Other Current Assets
Total Current Assets
$80,907 $87,022 $92,012 $97,002 $101,992 $106,982 $111,972 $116,962 $121,951 $126,940 $131,929 $136,918
Long-Term Assets
Accumulated Depreciation
Total Long-Term Assets
Total Assets $80,907 $87,022 $92,012 $97,002 $101,992 $106,982 $111,972 $116,962 $121,951 $126,940 $131,929 $136,918
Accounts Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Income Taxes Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Sales Taxes Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Short-Term Debt
Prepaid Revenue
Total Current Liabilities
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Long-Term Debt
Total Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Paid-in Capital
Retained Earnings $74,667 $74,667 $74,667 $74,667 $74,667 $74,667 $74,667 $74,667 $74,667 $74,667 $74,667 $74,667
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Earnings $6,240 $12,355 $17,345 $22,335 $27,325 $32,315 $37,305 $42,295 $47,284 $52,273 $57,262 $62,251
Total Owner's Equity
$80,907 $87,022 $92,012 $97,002 $101,992 $106,982 $111,972 $116,962 $121,951 $126,940 $131,929 $136,918
Total Liabilities & Equity
$80,907 $87,022 $92,012 $97,002 $101,992 $106,982 $111,972 $116,962 $121,951 $126,940 $131,929 $136,918
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FY2019 Apr '18 May '18 Jun '18 Jul '18 Aug '18 Sep '18 Oct '18 Nov '18 Dec '18 Jan '19 Feb '19 Mar '19
Cash $141,908 $146,898 $151,888 $156,878 $161,868 $166,858 $171,848 $176,838 $181,827 $186,816 $191,805 $196,794
Accounts Receivable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Inventory
Other Current Assets
Total Current Assets
$141,908 $146,898 $151,888 $156,878 $161,868 $166,858 $171,848 $176,838 $181,827 $186,816 $191,805 $196,794
Long-Term Assets
Accumulated Depreciation
Total Long-Term Assets
Total Assets $141,908 $146,898 $151,888 $156,878 $161,868 $166,858 $171,848 $176,838 $181,827 $186,816 $191,805 $196,794
Accounts Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Income Taxes Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Sales Taxes Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Short-Term Debt
Prepaid Revenue
Total Current Liabilities
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Long-Term Debt
Total Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Paid-in Capital
Retained Earnings $136,918 $136,918 $136,918 $136,918 $136,918 $136,918 $136,918 $136,918 $136,918 $136,918 $136,918 $136,918
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Earnings $4,990 $9,980 $14,970 $19,960 $24,950 $29,940 $34,930 $39,920 $44,909 $49,898 $54,887 $59,876
Total Owner's Equity
$141,908 $146,898 $151,888 $156,878 $161,868 $166,858 $171,848 $176,838 $181,827 $186,816 $191,805 $196,794
Total Liabilities & Equity
$141,908 $146,898 $151,888 $156,878 $161,868 $166,858 $171,848 $176,838 $181,827 $186,816 $191,805 $196,794
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FY2017 FY2018 FY2019
Cash $74,667 $136,918 $196,794
Accounts Receivable $0 $0 $0
Inventory
Other Current Assets
Total Current Assets $74,667 $136,918 $196,794
Long-Term Assets
Accumulated Depreciation
Total Long-Term Assets
Total Assets $74,667 $136,918 $196,794
Accounts Payable $0 $0 $0
Income Taxes Payable $0 $0 $0
Sales Taxes Payable $0 $0 $0
Short-Term Debt
Prepaid Revenue
Total Current Liabilities $0 $0 $0
Long-Term Debt
Total Liabilities $0 $0 $0
Paid-in Capital
Retained Earnings $74,667 $136,918
Earnings $74,667 $62,251 $59,876
Total Owner's Equity $74,667 $136,918 $196,794
Total Liabilities & Equity $74,667 $136,918 $196,794
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Cash Flow Statement
Cash Flow Statement (With Monthly Detail)
FY2017 Apr '16 May '16 Jun '16 Jul '16 Aug '16 Sep '16 Oct '16 Nov '16 Dec '16 Jan '17 Feb '17 Mar '17
Net Cash Flow from Operations
Net Profit $6,031 $6,240 $6,240 $6,240 $6,240 $6,240 $6,240 $6,240 $6,239 $6,239 $6,239 $6,239
Depreciation and Amortization
Change in Accounts Receivable
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Change in Inventory
Change in Accounts Payable
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Change in Income Tax Payable
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Change in Sales Tax Payable
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Change in Prepaid Revenue
Net Cash Flow from Operations
$6,031 $6,240 $6,240 $6,240 $6,240 $6,240 $6,240 $6,240 $6,239 $6,239 $6,239 $6,239
Investing & Financing
Assets Purchased or Sold
Investments Received
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Change in Long-Term Debt
Change in Short-Term Debt
Dividends & Distributions
Net Cash Flow from Investing & Financing
Cash at Beginning of Period
$0 $6,031 $12,271 $18,511 $24,751 $30,991 $37,231 $43,471 $49,711 $55,950 $62,189 $68,428
Net Change in Cash $6,031 $6,240 $6,240 $6,240 $6,240 $6,240 $6,240 $6,240 $6,239 $6,239 $6,239 $6,239
Cash at End of Period $6,031 $12,271 $18,511 $24,751 $30,991 $37,231 $43,471 $49,711 $55,950 $62,189 $68,428 $74,667
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FY2018 Apr '17 May '17 Jun '17 Jul '17 Aug '17 Sep '17 Oct '17 Nov '17 Dec '17 Jan '18 Feb '18 Mar '18
Net Cash Flow from Operations
Net Profit $6,240 $6,115 $4,990 $4,990 $4,990 $4,990 $4,990 $4,990 $4,989 $4,989 $4,989 $4,989
Depreciation and Amortization
Change in Accounts Receivable
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Change in Inventory
Change in Accounts Payable
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Change in Income Tax Payable
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Change in Sales Tax Payable
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Change in Prepaid Revenue
Net Cash Flow from Operations
$6,240 $6,115 $4,990 $4,990 $4,990 $4,990 $4,990 $4,990 $4,989 $4,989 $4,989 $4,989
Investing & Financing
Assets Purchased or Sold
Investments Received
Change in Long-Term Debt
Change in Short-Term Debt
Dividends & Distributions
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Net Cash Flow from Investing & Financing
Cash at Beginning of Period
$74,667 $80,907 $87,022 $92,012 $97,002 $101,992 $106,982 $111,972 $116,962 $121,951 $126,940 $131,929
Net Change in Cash $6,240 $6,115 $4,990 $4,990 $4,990 $4,990 $4,990 $4,990 $4,989 $4,989 $4,989 $4,989
Cash at End of Period $80,907 $87,022 $92,012 $97,002 $101,992 $106,982 $111,972 $116,962 $121,951 $126,940 $131,929 $136,918
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FY2019 Apr '18 May '18 Jun '18 Jul '18 Aug '18 Sep '18 Oct '18 Nov '18 Dec '18 Jan '19 Feb '19 Mar '19
Net Cash Flow from Operations
Net Profit $4,990 $4,990 $4,990 $4,990 $4,990 $4,990 $4,990 $4,990 $4,989 $4,989 $4,989 $4,989
Depreciation and Amortization
Change in Accounts Receivable
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Change in Inventory
Change in Accounts Payable
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Change in Income Tax Payable
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Change in Sales Tax Payable
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Change in Prepaid Revenue
Net Cash Flow from Operations
$4,990 $4,990 $4,990 $4,990 $4,990 $4,990 $4,990 $4,990 $4,989 $4,989 $4,989 $4,989
Investing & Financing
Assets Purchased or Sold
Investments Received
Change in Long-Term Debt
Change in Short-Term Debt
Dividends & Distributions
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Net Cash Flow from Investing & Financing
Cash at Beginning of Period
$136,918 $141,908 $146,898 $151,888 $156,878 $161,868 $166,858 $171,848 $176,838 $181,827 $186,816 $191,805
Net Change in Cash $4,990 $4,990 $4,990 $4,990 $4,990 $4,990 $4,990 $4,990 $4,989 $4,989 $4,989 $4,989
Cash at End of Period $141,908 $146,898 $151,888 $156,878 $161,868 $166,858 $171,848 $176,838 $181,827 $186,816 $191,805 $196,794
Magical Moments Concierge 34
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FY2017 FY2018 FY2019
Net Cash Flow from Operations
Net Profit $74,667 $62,251 $59,876
Depreciation and Amortization
Change in Accounts Receivable $0 $0 $0
Change in Inventory
Change in Accounts Payable $0 $0 $0
Change in Income Tax Payable $0 $0 $0
Change in Sales Tax Payable $0 $0 $0
Change in Prepaid Revenue
Net Cash Flow from Operations $74,667 $62,251 $59,876
Investing & Financing
Assets Purchased or Sold
Investments Received
Change in Long-Term Debt
Change in Short-Term Debt
Dividends & Distributions
Net Cash Flow from Investing & Financing
Cash at Beginning of Period $0 $74,667 $136,918
Net Change in Cash $74,667 $62,251 $59,876
Cash at End of Period $74,667 $136,918 $196,794