1.

Executive Summary
Proposed business project has Guest House, Canteen and the indoor Futsal
playground facility which is the first such facility to be initiated in Gelephu,
under Sarpang Dzongkhag. The population of identified project location is
covered with 9858 residents, anticipating potential regular participants
calculated at minimum of 50 members which is 0.0068% of 7333 actual
active market population and minimal of 30% occupancy rate for the Guest
house in the market. Indoor Futsal house has professional-style, (66′x 130′)
featuring international standard Indoor Field, for fast-action, fun game.  No
matter what the weather conditions are, days or night, players will find a
safe, clean, and friendly atmosphere for Futsal enjoyment.   "

Facility will be accessible for every Youth, men and women interested,
encouraging right environment for recreational yet healthy social activity.
Individual participants are open to avail the well equipped facility as a
membership or on their need to basis arrangements. Fees and charges are
priced at much affordable rates to encourage maximum participation to
develop healthy social engagement.
 
In addition, Fields can also be rented for practices, school events, fund
raising tournaments, organized leagues and any other suitable events. A
sports store will be opened at site to provide every required game items to
participants or different event managements.  The facility will also have a
canteen facility for visitors and participants to refresh and enjoy their visit
in the facility. Futsal project centre will have more than 100 members
registered within first year of operation, apart from regular individuals
availing the facility provided. 

Guest house provision is also included in the project as an additional facility

to the clients and customers, which shall provide services during events and
programmes conducted. To maintain continued operation of the business,
guest house will also be promoted and advertised in the market.

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1.1 Objectives

The objectives of Futsal House are as follows:

 Build facility membership to more than 50 teams or 300 members.   

 Register 25 adult, 15 youth and 10 veteran teams by the end of it’s
first year of operation.   
 Develop facility potential to be rented for special events.   
 Bring about better social and commercial changes in the area.
 Maintain comfortable, convenient and competitive Guest house
services in the market amongst existing competitors.

1.2 Mission

The mission of Futsal House is to provide Gelephu Thromdue particularly

with a state-of-the-art Futsal facility that will enable both youth and adults
to enjoy the sport of soccer year round with diverse services to grow as a
business entity. 

2. Company Summary 

Promoter has been a composed organiser, notable figure in maintaining

Public relations, a complete business and marketing personnel with years of
experience in both private and corporate sector. Over the year promoter has
done various research on different economic trends in the country and have
come up with this particular project after studying the nature of concerned
business, it’s social effect, commercial gains and community development
through means of employment generation and youth engagement in
particular.

The opening of Indoor-Futsal House in Gelephu Thromdue will be a step to

build diverse business entity through dedicated contribution to the society,
by absorbing maximum unemployed youths generating job opportunity with
future expansion plans of the business operation.

2.1 Company Ownership

Proposed business entity is owned by Mr. & Mrs. Sangay. The business will
maintain a Partnership status for at least first five years of operation and
upgrade to a limited company after proper compilation of required resources
for business expansion. 

2.2 Start-up Summary

The start-up cost of Guest House cum Futsal facility is focused primarily on
the field installation and Guest house construction along with the setting-up
of the sports outlet store and a canteen. Partners to make necessary initial
investments and addition budget will be obtained as loan from identified

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financial institute. Details of start-up expenses and funding are shown in
the tables and chart below. 

2.3 Chart: Start-up Funding

START-UP FUNDING

9000000
8000000
7000000
6000000
Ngultrum

5000000
4000000
3000000
2000000
1000000
0
Investment Expenses Loan

2.4 Table: START-UP FUNDING:

LIABILITIES AND CAPITALS

LIABILITIES
1 Current borrowings -
2 Loans 8,500,000.00

CAPITALS
1 Planned investment 2,000,000.00
2 Other Capitals -

3|Page
START-UP EXPENSES
1 legal 1,000.00
2 Insurance 60,000.00
3 Guest House Set-up 1,000,000.00
4 Store set-up 125,000.00
5 Canteen set-up 110,000.00
7 Miscellaneous expenses 10,000.00
1 Cash required 300,000.00
2 Start-up Inventories:
a. Stores 580,000.00
b. Canteen 85,000.00
3 Non-cash assets 105,000.00
2,376,000.00

2.5 Company Locations and Facilities

Futsal House is located at Samdrupling under Gelephu Thromdue, Sarpang.

The 15250 square foot facility is a dry land that will be converted into Guest
House, Futsal field, along with Sports Store and a Restaurant/Canteen. The
location is easily accessible to all Thromdue residents and also targeted to
attracted participants from nearby areas under Sarpang Dzongkhag. Facility
is to provide unique entertainment venue with convenient prospect of adding
comfortable Guest house for organizers and other event management parties
or general market clients.

3. Products and Services

Proposed business entity will be an indoor futsal facility that offers different
events, tournaments, team matches/individual match, other related
futsal/soccer practices along with a Store that sells the very best selection of
sports materials available in the country. This set-up has plan to supply
sports materials from the stores participating through Tenders to different
organizations or to other retailers through vigorous marketing, right after
the facility is put into operation. It also offers service of a canteen to cater
participants and other guest with fast food and other orders.

Also with decent 6 rooms Guest house to cater desired services in the
vicinity to accommodate event management teams or any other clients in
the market.

Futsal house also would promote and support development of sport in the
country through participation in all important causes.

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Generally this based Project is foundation for a chain partnership operation
with an objective of generating maximum employment opportunities and
keeping our youths engaged in healthy activities.    

4. Market Analysis 
Futsal is a getting popular among youths and every soccer lovers with total
exposures in the games as many popular sports organisers successfully
promoting this sport worldwide in best fashion possible. Thus, number of
individuals getting attracted towards the game is growing dramatically.

In Gelephu Thromde, currently there are 7333 individual within active age
group of 10-49 years old, those considered as potential participants to avail
the service provided by the facility. This statistics are collected only within
the locality (Gelephu Thromdue). From the population falling under eligible
age group, facility is to target only 0.0068 % of this group as regular
participants.

4.1 Market Segmentation

Market segments are divided into three groups according to the age for
prospective regular participants. Market breakdown of targeted participant
are detailed as given below:

SL
N Participants Male Female Total
o
1 Youths ages (10-19 yo) 789 1012 1801
2 Adults ages (20-34 yo) 1897 1593 3490
3 Veterans ages (35-49 yo) 1151 891 2042
Total 3837 3496 7333

Since data presented are record of Gelephu Thromdue alone, Project also
anticipate participants from other areas under Gelephu region and also
Sarpang Dzongkhag since, this is only an entity to provide such facilities.

4.2 Market Segmentation Ratio

a. Futsal House will focus on following target customers:

 Youths, ages 10-19 years of age.   

 Adults, ages 20-34 years of age. 
 Veteran, ages 35-49 years of age.

b. Guest House, Canteen and store shall target existing market with
refined marketing and promotional activities.

5|Page
4.3 Chart: Market Segmentation

Market Segment

Youth
Adult
veteran

4.4 Market Feasibility

From the total number of the market population, facility targets only 0.0068
% of this active group as regular participants which count up to set of 10
teams. The feasibility of market is calculated on daily sales basis. Sales
made from the Sports store, canteen and Guest House will be additional
income for the business and the return generated from it has been worked
out at estimated average minimum sales figure:

(Refer Financial Projections calculated for detail monthly and yearly sales
projected)
`
*** Rental Income from the facility earned through different programmes and
events conducted are not included in above calculations. Therefore, actual
income would be expected to be more then the projected amount.

Given the suitability of Geographical location and trends in economical

growth recorded in the region for past few years, it is expected that the
growth in market population over the years would be in manifold compared
to current numbers. Therefore, facility diversification and expansion has
been pre-planned accordingly.

6|Page
5. Marketing Strategy

a. Futsal House will aggressively pursue membership and team registration

by discounting both the membership fee and the team fee. 

 Membership Fee: facility will offer a 25% discount on membership

fees for the first six months.   
 Team Fee: The team fee will be reduced by Nu. 200 for the
team/members participating within three months of opening of the
facility.   

In addition, we will sell the facility rental potential to schools, private

organisations, departments and individual participants.   

b. Guest House, Canteen and Out-let store will be advertised and promoted
in keeping with Futsal facility introduced in the area. Event management,
promotional activities or any other organised events both through Futsal
tournaments or rental activities would attract good business in a package as
a whole.

6. Marketing programs

The marketing strategy of the Futsal House will differ throughout the year,
depending upon demand for the facility. During the winter, when the market
boosts, very few marketing or advertising campaigns are to be conducted.
During the summer, when weather isn’t favourable due to extreme heat, we
must make sure that the facility retains its optimum utilization/operation
with local recreational programmes and other related events.   
Marketing programs during the summer will consist of:

 Discounts: e.g. rent for two hour, get the second hour free.
 Discounted rates for the Guest house during lean seasons.    
 Advertise and promote events.
 Conduct special programmes for schools and youths.
 Organise departmental and regional tournaments framing suitable
hours. 
 Post fliers at other sports and recreation facilities.   

7. Pricing

All participants, guests/clients are given equal importance as members of

Futsal House. Therefore, Charges and fees imposed would be very affordable
for every individual availing the service of this facility.

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Pricing structure are frame considering every aspect of business and also
keep in mind the sustainable and successful operation of this project.
Following is the fee/charges schedule:

 Annual Facility Membership: Nu.500

 Charges per Hour during day time: Nu.800 for a session (for two
team/Nu.80 per head)
 Charges per hour during night hours: Nu.850 for a session (for two
teams/Nu.85 per head)
 Facility Rental Fee: Member Nu.500 –600/hr, Non-Member Nu.800-
900/hr
 Guest house would charge Nu.900 – Nu.1100 as per the standard of
the room services.

Facility would also make income from sports store and canteen which
altogether would meet desired returns to manage the facility in long run.

8. Sales Strategy

Futsal House initially targets to sell the facility to projected Thromdue

population. In addition, we will reach Schools, departments and private
firms and other organisations and sell the quality services, products and
convenience of the facility. Futsal house will offer membership rates for field
rental to these parties to get them in the facility.

Additional business of Guest house, Sports store and canteen would attract
customers increasing the sales for the operation making it possible to attain
projected goal.   

8.1 Sales Forecast

Sales forecast made herein from the proposed business are excluding all
those incomes generated from rental charges through events or any other
programs organised. Sales forecast from Store and canteen excludes
supplies made through tenders/other wholesale supplies and caterings
respectively. Hence, this forecast shall show minimum possible income
returns which compared to actual operation would be far less and easily
realizable target, anticipating extreme low risk factor in practical operation
of the business.

The futsal store’s direct cost will be the wholesale price of the shop’s
inventory. The only slow period for sales will be in the month of June, July
and August when weather is extreme with heat and monsoon. following is
the sales forecast for next three years derived from its daily and monthly
recorded sales:

8|Page
8.1.1 Chart: Monthly Sales Forecast:

250000
Monthly Sales Forecast (Year 1)
200000

150000
Ngultrums

100000 Sales

50000

0
Jan Feb March Apr May June July Aug Sept Oct Nov Dec
Months

8.1.2 Chart: Yearly Sales Forecast:

Yearly Sales Forecast

3500

3000

2500
Ngultrum in (000)

2000 Canteen
Store
1500 Field

1000

500

0
Year 1 Year 2 Year 3
Years

9|Page
 

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Monthly and yearly sales projections are calculated for this business operation as follows:

8.1.3 Table: Monthly sales forecast for First year:

Expected Monthly Sales Revenue Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Total
Futsal field@800Per Match - - - - - - 74,400 96,800 125,600 163,200 198,400 198,400 856,800
Sales Outlet - - - - - - 62,000 62,000 77,500 108,500 124,000 126,480 560,480
Canteen - - - - - - 46,500 46,965 47,435 47,909 48,388 48,872 286,069
Guest House - - - - - - 55,800 55,800 54,000 55,800 54,000 55,800 331,200
Total Monthly Sales Revenue - - - - - - 238,700 261,565 304,535 375,409 424,788 429,552 2,034,549

Derived Monthly COGS Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Total
Futsal field@800Per Match - - - - - - 7,440 9,680 12,560 16,320 19,840 19,840 85,680
Sales Outlet - - - - - - 49,600 49,600 62,000 86,800 99,200 101,184 448,384
Canteen - - - - - - 23,250 23,483 23,717 23,954 24,194 24,436 143,034
Guest House - - - - - - 16,740 16,740 16,200 16,740 16,200 16,740 99,360
Total Monthly COGS - - - - - - 97,030 99,503 114,477 143,814 159,434 162,200 776,458

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12 | P a g e
8.1.4 Table: Yearly Sales Forecast Details for Ten Years:

Expected Increase in Sales %

2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Annually
Futsal field 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Sales Outlet 2% 2% 2% 2% 2% 2% 2% 2% 2% 2%
Canteen   1% 1% 1% 1% 1% 1% 1% 1% 1% 1%

203
Derived Selling Rate 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
1
Projected Increase in Rate For Footsal
Match 0% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
130
Rate Per match (Considering Increase) 800 850 900 950 1000 1050 1100 1150 1200 1250 0
Projected Increase in Room Tariff 0% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2%
140
Derived Room Rate/ Night 900 950 1000 1050 1100 1150 1200 1250 1300 1350 0

Expected Yaerly Sales Revenue 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
(Nu.000)
Futsal field @ Avg 248 matches
annually 857 2,530 2,678 2,827 2,976 3,125 3,274 3,422 3,571 3,720 3,869
Sales Outlet 560 572 583 595 607 619 631 644 657 670 683
Canteen 286 289 292 295 298 301 304 307 310 313 316

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 Guest House 331 694 730 767 803 840 876 913 949 986 1,022
Total Monthly Sales Revenue 2,035 4,084 4,283 4,483 4,683 4,884 5,084 5,285 5,487 5,688 5,890
Derived Annual COGS (Nu.000) 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Futsal field @ Avg 248 matches
annually 86 253 268 283 298 312 327 342 357 372 387
Sales Outlet 448 457 466 476 485 495 505 515 525 536 547
Canteen 143 144 146 147 149 150 152 153 155 156 158
Guest House 99 208 219 230 241 252 263 274 285 296 307

TOTAL 776 1,063 1,099 1,136 1,173 1,210 1,247 1,284 1,322 1,360 1,398

Derived Margin (Nu.000) 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Futsal field @ Avg 248 matches
annually 771 2,277 2,411 2,544 2,678 2,812 2,946 3,080 3,214 3,348 3,482
Sales Outlet 112 114 117 119 121 124 126 129 131 134 137
Canteen 143 144 146 147 149 150 152 153 155 156 158
Guest House 232 485 511 537 562 588 613 639 664 690 715

TOTAL 1,258 3,021 3,184 3,347 3,511 3,674 3,838 4,001 4,165 4,328 4,492

14 | P a g e
9. Management Summary 
For daily operation and management of the facility, overall manager with
proper qualification will be recruited. Promoter will personally guide
operation of routine activities with close inspection of the business
management body.

Team of enthusiastic work force with channelled work orders will be

organised and set-up in operation of the facility as a whole.

Under direct supervision of the promoter, proper team of marketing

personnel would carry out vigorous business advertisement and promotional
activities to achieve sales target and boost expansion and diversification of
the business.

9.1 Personnel Plan

The personnel of Futsal House are as follows:

Designation No of Employee Salary Increments

Manager 1 15,000.00 400.00

Marketing Staff 2 12,000.00 350.00

Store Manager 1 10,000.00 300.00

Canteen Manager 1 - -

Canteen Staff 2 8,000.00 215.00

Helper 1 7,000.00 200.00

Receiptionist 1 10,000.00 300.00

Room Service 2 8,000.00 215.00

Chef 1 12,000.00 350.00

15 | P a g e
9.1.1 Table: Personnel Plan:

SALARY (First Year Monthly) Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 TOTAL
Manager 0 0 0 0 0 0 15000 15000 15000 15000 15000 15000 90000
Marketing Staff 0 0 0 0 0 0 24000 24000 24000 24000 24000 24000 144000
Store Manager 0 0 0 0 0 0 10000 10000 10000 10000 10000 10000 60000
Canteen Manager 0 0 0 0 0 0 0 0 0 0 0 0
Canteen Staff 0 0 0 0 0 0 16000 16000 16000 16000 16000 16000 96000
Helper 0 0 0 0 0 0 7000 7000 7000 7000 7000 7000 42000
Receiptionist 0 0 0 0 0 0 10000 10000 10000 10000 10000 10000 60000
Room Service 0 0 0 0 0 0 16000 16000 16000 16000 16000 16000 96000
Chef 0 0 0 0 0 0 12000 12000 12000 12000 12000 12000 72000
-
-

TOTAL 0 0 0 0 0 0 110000 110000 110000 110000 110000 110000 432000

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 SALARY-Annually (Nu. 000) 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031
Manager 90 95 100 104 109 114 119 124 128 133 138
Marketing Staff 144 148 152 157 161 165 169 173 178 182 186
Store Manager 60 64 67 71 74 78 82 85 89 92 96
Canteen Manager
Canteen Staff 96 99 101 104 106 109 111 114 117 119 122
Helper 42 44 47 49 52 54 56 59 61 64 66
Receiptionist 60 64 67 71 74 78 82 85 89 92 96
Room Service 96 99 101 104 106 109 111 114 117 119 122
Chef 72 76 80 85 89 93 97 101 106 110 114
-
-

TOTAL 660 688 716 744 772 800 828 856 884 912 940

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9.2 Break-even Analysis

The monthly break-even as shown below is based upon forecasted sales, listed

earlier in this plan, and all our anticipated monthly expenses. 

Break-even Point analysis

350000

300000

250000
Amount in Ngultrum

200000 Fixed Cost

Variable Cost
Total Cost
150000 Revenue

100000

50000

0
0 2 4 6 8 10 12
Unit in days
9.2.1
Table :Break-even Point Analysis.

Unit Fixed Cost Variable Cost Total Cost Revenue

3 193,741.00 1,470.00 195,211.00 31,500.00
6 193,741.00 2,940.00 196,681.00 63,000.00
9 193,741.00 4,410.00 198,151.00 94,500.00

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9.2 .2 Break-even Analysis indicator

Fixed Cost : Nu. 193,741.00

Average Variable Cost : Nu. 1,470.00 (14% of Price)

Unit Sales Price : Nu. 10,500.00

Contribution Margin : Nu. 9,030.00

BEP Sales Volume : 21.46 days

Break-even Point :Nu. 230,000.00

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10. Projected Profit and Loss

The following table and charts will highlight projected profit and loss for the next three years.   

10.1 Table :Projected Monthly Profit and Loss Account:

MONTHLY PROFIT & LOSS A/c Income Tax Rate = 30%

Accounts Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21
Expected Monthly Sales Revenue - - - - - - 238,700 261,565 304,535 375,409 424,788 429,552
LESS : Derived Monthly COGS - - - - - - 97,030 99,503 114,477 143,814 159,434 162,200
Gross Revenue - - - - - - 141,670 162,062 190,058 231,595 265,354 267,352

Operating Expenses (Monthly)

Initial Documentation & Lic (One Time) 5,000 - - - - - - - - - - -
Admn. Cost 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000
Rent - - - - - - - - - - - -
Utilities 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000
Insurance 60,000 - - - - - - - - - - -
Salaries - - - - - - 110,000 110,000 110,000 110,000 110,000 110,000
Misc 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000

Total Operating Exp 74,000 9,000 9,000 9,000 9,000 9,000 119,000 119,000 119,000 119,000 119,000 119,000
EBITDA (74,000) (9,000) (9,000) (9,000) (9,000) (9,000) 22,670 43,062 71,058 112,595 146,354 148,352

Depreciation - - - - - - 23,293 23,293 23,293 23,293 23,293 23,293

EBIT (74,000) (9,000) (9,000) (9,000) (9,000) (9,000) (623) 19,769 47,765 89,302 123,061 125,059

Interest on Loan 71,875 71,745 71,615 71,483 71,351 71,218 71,084 70,949 70,814 70,677 70,540 70,402
PBT (145,875) (80,745) (80,615) (80,483) (80,351) (80,218) (71,706) (51,180) (23,048) 18,625 52,522 54,658

Business Income Tax - - - - - - - - - 5,588 15,756 16,397

PAT (Net Profit After Tax) (145,875) (80,745) (80,615) (80,483) (80,351) (80,218) (71,706) (51,180) (23,048) 13,038 36,765 38,260

20 | P a g e
10.1.1 Chart: Monthly Profit and Loss Projection:

Profit/Loss Year 1
150000

100000

50000
Amount in Ngultrum

Profit/Loss
0
Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec

-50000

-100000

-150000

Months

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10.2 Table: Yearly Projected Profit and Loss Account:

Income
YEARLY PROFIT & LOSS A/s
Tax Rate 30%
(Yrs)   =                
(Nu. 000) 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030  
Expected Monthly Sales Revenue
2,035 4,084 4,283 4,483 4,683 4,884 5,084 5,285 5,487 5,688  
LESS : Derived Monthly COGS
776 1,063 1,099 1,136 1,173 1,210 1,247 1,284 1,322 1,360  
Gross Revenue
1,258 3,021 3,184 3,347 3,511 3,674 3,838 4,001 4,165 4,328  
   
Operating Expenses (Monthly)  
Initial Documentation & Lic (One
Time) 5 - - - - - - - - -  
Admn. Cost
24 24 25 25 26 26 27 28 28 29  
Rent - - - - - - - - - -  
Utilities
24 25 25 26 27 28 29 30 30 31  
Insurance
60 60 60 60 60 60 60 60 60 60  
Salaries
660 688 716 744 772 800 828 856 884 912  
Misc
60 62 64 66 68 70 72 74 76 78  
   
Total Operating Exp
833 859 890 921 952 984 1,015 1,047 1,078 1,110  
EBITDA
425 2,162 2,294 2,426 2,558 2,690 2,822 2,954 3,086 3,218  
22 | P a g e
    
Depreciation
140 335 335 335 335 335 335 335 335 335  
EBIT
285 1,827 1,959 2,091 2,223 2,355 2,487 2,619 2,751 2,883  
   
Interest on Loan
854 834 812 789 764 737 708 676 643 606  
PBT
(568) 993 1,147 1,302 1,459 1,618 1,779 1,943 2,108 2,277  
   
Business Income Tax
- 298 344 391 438 485 534 583 633 683  
PAT (Net Profit After Tax)
(568) 695 803 911 1,021 1,133 1,246 1,360 1,476 1,594  
                       

10.2.2 Chart: Yearly Projected Profit and Loss:

23 | P a g e
 Projected Yearly Profit/Loss

100

80

60
Amount in Ngultrum

Profit/Loss
40

20

0
Ye Ye Ye

-20

-40 Years

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10.3 Pro Forma Cash Flow Projection:

Following Table shows projected pro-forma cash flow from the business for Ten years:

CASH FLOW STATEMENT MONTHLY - 2021

Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21
Opening Balance - 10,750,024 8,565,048 6,380,071 4,195,095 2,010,119 (174,857) (244,831) (294,412) (315,997) (296,045) (242,334)
Partners Equity 1,500,000
Bank Loan( Initial) 11,500,000

Operating Cash Flow

Sales Revenue - - - - - - 238,700 261,565 304,535 375,409 424,788 429,552
Others - - - - - - - - - - - -
Cash from Operations - - - - - - 238,700 261,565 304,535 375,409 424,788 429,552

Cash OutFlow
COGS - - - - - - 97,030 99,503 114,477 143,814 159,434 162,200
Loan Repayment 20,768 20,898 21,029 21,160 21,292 21,425 21,559 21,694 21,830 21,966 22,103 22,242
Operating Expenses 74,000 9,000 9,000 9,000 9,000 9,000 119,000 119,000 119,000 119,000 119,000 119,000
~Interest Paid/Expense 71,875 71,745 71,615 71,483 71,351 71,218 71,084 70,949 70,814 70,677 70,540 70,402
~Investments in Property & Equipment 2,083,333 2,083,333 2,083,333 2,083,333 2,083,333 2,083,333 - - - - - -
OTHER -
Cash from Investing 2,249,976 2,184,976 2,184,976 2,184,976 2,184,976 2,184,976 308,673 311,146 326,120 355,457 371,077 373,843

Net Increase (decrease) in Cash (2,249,976) (2,184,976) (2,184,976) (2,184,976) (2,184,976) (2,184,976) (69,973) (49,581) (21,585) 19,952 53,711 55,709
Closing Cash Balance 10,750,024 8,565,048 6,380,071 4,195,095 2,010,119 (174,857) (244,831) (294,412) (315,997) (296,045) (242,334) (186,626)

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11. Projected Balance Sheet

11.1 Table: Projected monthly balance sheet:   

BALANCE SHEET ENDED MONTHLY -2021

(Nu 000) Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21
Assets
Current assets:
Cash 10,750 8,565 6,380 4,195 2,010 (175) (245) (294) (316) (296) (242) (187)
Prepaid expenses 2,083 4,167 6,250 8,333 10,417 12,500 - - - - - -
Inventory
Total current assets 12,833 12,732 12,630 12,528 12,427 12,325 (245) (294) (316) (296) (242) (187)

Property & Equipment - - - - - - 12,477 12,453 12,430 12,407 12,384 12,360

Furniture & Fixtures
Total Assets 12,833 12,732 12,630 12,528 12,427 12,325 12,232 12,159 12,114 12,111 12,141 12,174 -

Liabilities
Current liabilities:
Total current liabilities - - - - - - - - - - - -

Long-term debt 11,479 11,458 11,437 11,416 11,395 11,373 11,352 11,330 11,308 11,286 11,264 11,242
Total Liabilities 11,479 11,458 11,437 11,416 11,395 11,373 11,352 11,330 11,308 11,286 11,264 11,242 -

Owners's Equity
Equity Capital 1,500 1,354 1,273 1,193 1,112 1,032 952 880 829 806 824 877
Add: Profit/Loss (146) (81) (81) (80) (80) (80) (72) (51) (23) 19 53 55
Retained Earnings
Owner's Equity 1,354 1,273 1,193 1,112 1,032 952 880 829 806 824 877 932 -
Total Liabilities & Owners's Equity 12,833 12,732 12,630 12,528 12,427 12,325 12,232 12,159 12,114 12,111 12,141 12,174 -

C heck - (0) (0) (0) (0) (0) 0 0 0 0 0 0 -

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10.2 Table: Projected Yearly Balance Sheet for Ten years:

BALANCE SHEET STATEMENT

YEARLY                      
(Nu. 000) 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030  
Assets  
Current assets:  
Cash -187 864 2,046 3,360 4,807 6,386 8,096 9,939 11,914 14,020  
Prepaid expenses  
Inventory  
Total current assets -187 864 2,046 3,360 4,807 6,386 8,096 9,939 11,914 14,020  
   
Property & Equipment 12,360 12,025 11,689 11,354 11,019 10,683 10,348 10,012 9,677 9,342  
Furniture & Fixtures  
Total Assets 12,174 12,888 13,735 14,714 15,826 17,069 18,444 19,951 21,591 23,362  
   
Liabilities  
Current liabilities:  
Total current liabilities 0 0 0 0 0 0 0 0 0 0  
   
Long-term debt 11,242 10,964 10,664 10,342 9,994 9,619 9,215 8,779 8,310 7,805  
Total Liabilities 11,242 10,964 10,664 10,342 9,994 9,619 9,215 8,779 8,310 7,805  
   
Owners's Equity  
Equity Capital 1,500 932 1,924 3,071 4,373 5,832 7,450 9,229 11,172 13,280  
Add: Profit/Loss -568 993 1,147 1,302 1,459 1,618 1,779 1,943 2,108 2,277  

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 Retained Earnings 0  
Owner's Equity 932 1,924 3,071 4,373 5,832 7,450 9,229 11,172 13,280 15,557  
Total Liabilities & Shareholder's
Equity 12,174 12,888 13,735 14,714 15,826 17,069 18,444 19,951 21,591 23,362  

Debt & Interest Schedule                      

Debt Opening 11,500 11,242 10,964 10,664 10,342 9,994 9,619 9,215 8,779 8,310  
Add: Additional Debt/Issuance (repayment)  

Less: Repayment of Debt 258 278 300 323 348 375 404 435 469 506  
Debt Closing 11,242 10,964 10,664 10,342 9,994 9,619 9,215 8,779 8,310 7,805  

Interest Expense 854 834 812 789 764 737 708 676 643 606  

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10.3 Business Ratios

Business ratios for the years of this plan are shown below.  Industry profile ratios based on the Standard Industrial
Classification (SIC) code 7997, Sport and Recreation Club, are shown for comparison.   

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11. SWOT Analysis:

STRENGTH WEAKNESS

1. First and only Indoor Futsal Field. 1. Limited area coverage for additional field if
demanded.
2. Guest house, Stores out-let and Restaurant 2. Extreme weather condition of the region
facilities attached. during summers.
3. No such officially recognised teams or clubs.
3. Low calculated risks.

4. Scope for business extension plans and job

creating opportunities.

5. Better facilities advantages compared to only

single open field futsal ground.

6. Healthy social engagements.

OPPORTUNITIES THREATS

1. Business expansion and growth. 1. Similar business competitors.

2. Initiate professional futsal Acedemy in future.

3. Employment generation.

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