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Treats Guaranteed to Satisfy Your Sweet Tooth

7549 S Eastern Ave * Las Vegas, NV * 89183 * 1-702-846-3291

Business Plan
By Stephanie Nekoba
April 3, 2019
FCS 351-01

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Table of Contents

Summary Statement …………………………………………………………………………………………………………………4

Market Analysis .……………………………………………….………………………………………………………………………5

Organizational Chart and Staffing ...……………………………………………………………………………………6-10


Organizational Chart and Staffing ……………………………………………………………………………………………..6
Scheduling ………………………………………………………………………………………………………………………………..7
Employee Application ……………………………………………………………………………………………………………….8
Interview Questions ………………………………………………………………………………………………………………….9
Steps to Making a Business Legal ……………………………………………………………………………………………..10

Management Plan .……………………………………………………………………………………………………………11-15


Management Plan ..…………………………………………………………………………………………………………………11
Job Descriptions …………………………………………………………………………………………………………………12-13
First Year Operating Agenda ……………………………………………………………………………………………………14
Quality and Service Report ………………………………………………………………………………………………………15

Marketing Strategy ……………………………………………………………………………………………………………16-17

Menu …………………………………………………………………………………………………………………………………18-21
Menu …………………………………………………………………………………………………………………………………18-20
Cupcakes of the Month ..…………………………………………………………………………………………………………21

Financial Data ……………………………………………………………………………………………………………………22-28


Business Startup Costs ……………………………………………………………………………………………………….22-24
Daily Food Cost Sheet ……………………………………………………………………………………………………………..25
Income Statement …………………………………………………………………………………………………………………..26
Balance Sheet ………………………………………………………………………………………………………………………….27
Cash Flow Statement ………………………………………………………………………………………………………………28

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Projections: The Future of Steph’s Sweets ……………………………………………………………………………..29

References …………………………………………………………………………………………………………………………30-31

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Summary Statement
Steph’s Sweets is a dessert bakery located in Las Vegas, Nevada. It was founded on the idea
that no matter how your day has been or what your mood is, there will always be something to
lift your spirits. Steph’s Sweets aims to meet all of your sugary needs by providing a variety of
cupcake flavors, drinks, and other sweet treats. No matter what you’re craving, there is sure to
be something towards your liking on the menu.
Being located in the great city of Las Vegas, Steph’s Sweets is at the hub of all things
entertainment. As a dessert bakery, we strive to cater to people of all demographics. Whether
you’re old or young, rich or poor, Steph’s Sweets is sure to have you covered!
Here at Steph’s Sweets, our mission is to provide you with not only satisfaction, but also
memories. We strive to make eating an enjoyable experience by providing our customers with
quality treats that will leave you wanting more!
Steph’s Sweets is distinguishable amongst other catering/bakery services due to our low prices
and amazing deals! We understand that eating out can often cost an arm and a leg, and so it is
our goal to have you leaving with a full stomach, and a full wallet. Our business is driven by our
customers, so we strive to treat our customers with the best service and provide them with an
unforgettable experience.

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Market Analysis
Steph’s Sweets
Las Vegas, Nevada

Las Vegas is a very popular city that continues to grow annually, with a key feature being that it
is the hub for all things regarding entertainment. Known for gambling, shopping, fine dining,
and nightlife (World Population Review 2019), Las Vegas is marketed as the Entertainment
Capital of the World.

With a population of 2.2 million and a projected population of 2.5 million by the year 2031, Las
Vegas is a highly populated city with an estimated 4,376 people per square mile. Not only is the
city very population dense, but it also has a high tourist rate, with an estimate of 42.12 million
visitors in the year 2018. Tourists visit Las Vegas for a variety of reasons, among the most
popular being entertainment, weddings, bachelor/bachelorette parties, and business
conventions.

Due to the high population and influx of tourists, Steph’s Sweets will have a large market
available not just for catering, but also to simply serve the general public at our local shop. The
average age of Las Vegas residents is 31.5, which for this city is actually the average age people
get married. Marriage rates are up with Las Vegas having one of the highest marriage rates in
the United States. This means that there will be plenty of catering opportunities for weddings,
as well as bachelor/bachelorette parties.

Average income for Las Vegas residents is roughly $53,159 for households, $62,786 for families,
and $76,912 for married families. Of this income, nearly 50% of it is spent on necessities like
food, and roughly 30% is considered discretionary spending for things like eating
out/entertainment (Huffington Post, 2017).

With age and income combined, Las Vegas is the prime center for catering events and
operating a profitable food business, due to residents being at an age where major life events
are occurring, as well as a majority of money being spent on food.
Altogether, there are no doubt many opportunities for Steph’s Sweets to cater/turn a profit at
the local shop. However, considering the competitive market in Las Vegas due to a growing
hospitality industry, Steph’s Sweets may face a few challenges in regards to maintaining its
competitive status, (refer to marketing plan to view goals to overcome these challenges). It is
anticipated that Steph’s Sweets will thrive in its location due to event popularity, and it will
cater to social, corporate, and community affairs.

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Organizational Chart and Staffing
Due to the fact that Steph’s Sweets is both a bakery and a catering business, we will need to
account for employees that can work both sides of the business. It is preferable that we will
hire employees that are capable of handling both sides of the business, and then we will switch
off as needed.
Employees will be selected after a careful interview process (see employee application). Each
employee will be interviewed a minimum of three times to ensure best fit for the job. Potential
employees must have food handler’s permit before interviewing. Although not required, it is
preferred that potential employees have relevant work experience. We are willing to train any
employees that we deem qualified for the job.

Staff Breakdown
Position Bakery Catering Will Rate per Overtime
Cover Hour Rate
Both

Manager 1 1 $28 $42


Assistant 1 1 $25 $37.50
Manager
Production 2-4 $24 $36
Bakers
Kitchen Help 2-3 $18 $27
Counter Staff 2
Dishwashers 1-2 1-2 $18 $27
Cupcake 3 $24 $36
Decorator
Servers 2-4 $10 $15

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Scheduling

Bakery Will Cover Catering


Both

Manager: Manager:
Kylee Production Bakers(s):
Courtney
Katie, Kristen,
Assistant Manager: Suzanna, or Delaney
Assistant Manager:
Landon Katelyn
Kitchen Help:
Counter Staff: Kenya, Ella, or
Bryce or Kerwin Dishwasher(s):
Haylee Caden or Hannah
Dishwasher(s): Cupcake Decorators
Alexza or Mckenzie Server
Irie, Brianna, or
Jason, Patrick,
Kaylynn
Payton, or Lianne

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Employee Application
Job you are applying for: Date:
Social Security Number: Telephone:
Name: ______________________________________________________________________
Last First Middle
Address:
Employment history (food service only)

Please list any professional references


Reference: Contact info:
1. 1.
2. 2.
3. 3.

Please indicate days/times you are available to work


Mon. _____ to _____ Anytime Tues. _____ to _____ Anytime Wed. _____ to _____ Anytime

Thurs. _____ to _____ Anytime Fri. _____ to _____ Anytime Sat. _____ to _____ Anytime

Sun. _____ to _____ Anytime

Please answer and evaluate yourself with the following:


Excellent= E Good= B Average= A
French service? Do you know buffet service?
Do you know how to carry a waiter’s tray? Russian service?
Do you have busing experience? Do you have food-prep experience?
Do you know how to cut a wedding cake? Do you know how to set up a buffet?
Do you have food garnishing skills? Cake/pastry decorating skills?

Tell me in a paragraph about any other skills you have and why you think they would be
helpful in a catering job.

Applicant signature: ___________________________________________________________

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Interview Questions
1. Tell me about yourself.

2. How did you hear about us?

3. Why are you applying for this job?

4. What experience do you have with respects to this particular position?

5. What are your strongest attributes?

6. What are your weakest attributes?

7. What kind of referral do you expect from your last boss?

8. Will you and I be able to be honest and up front with each other?

9. Do you have any questions?

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Steps to Making the Business Legal
 Find out about state and local zoning regulations in the Las Vegas area pertaining to
having an office in home
 Set up office space
 Establish your business address (consider renting a post office box)
 Establish your business telephone number (a separate line just for your business)
 Apply for DBA is you need one
 Apply for a city business tax license, usually issued by the city clerk’s office
 Apply for a seller’s permit and resale number from the State Boards of Equalization
 Get business cards, letterhead, and enveloped printed
 Comply with city ordinances regulating where to cook
 Work with Southern Nevada Health District
 Find a kitchen
 Permit kitchen
 Find an attorney
 Get the insurance we need
 Establish agreements and contracts
 Learn about subcontractors and suppliers
 Establish needs for employees---permanent, part-time, or independent contractors
 Understand labor practices

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Management Plan
When managing a business, it is important to be aware of every detail that goes on in your
business. It is also important to communicate with employees what you expect from them and
how you intend to manage. A good manager will lead the business on to success. Here at
Steph’s Sweets we take managing very seriously. It is ultimately the key to success.

1. Key Personnel: Because Steph’s Sweets caters as well as operates a shop, it is


important to consider that we will need a significant number of employees to keep
everything under control. There are a few positions that are doubled up because they
require one to be in charge of either the bakery or catering. Such positions include:
Manager, Assistant Manager, Production Bakers, Kitchen Help, Counter Staff,
Dishwashers, Cupcake decorators, and Servers. (See page for job descriptions)
2. Office and Kitchen Plans: Steph’s Sweets is located in a shopping center in Las Vegas.
The bakery is a reasonable size so as to accommodate the dining area, the front
counter/serving area, the kitchen, and the office. Steph’s Sweets is prepared to follow
any city/state regulations, license and permit laws, health regulations, and any other
legal requirements in the state of Nevada.
3. Capital Investments: Every business generally starts off with nothing. They require
quite a bit of startup costs. These costs include but are not limited to building,
equipment, staple ingredients, etc. These startup costs can be quite costly for a new
business just starting out, so it is good to have a plan for financing your business. The
plus side is that generally the majority of capital investments are a one-time purchase to
get your business going. For a complete list of capital investments, see page
4. First Year’s Operating Agenda: The first year can be a huge challenge if a company
isn’t prepared with a month to month agenda of events/promotional activities. Here at
Steph’s Sweets we are aware that in order to gain a high customer awareness, we will
need to put considerable effort into advertising and promoting our business. (See page
for a quarter sample.)

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Job Descriptions
Bakery Manager__________________________________________________________
The bakery manager is in charge of making sure employees are completing their daily tasks, and
ensuring that daily operations flow smoothly. As manager, I expect you to report any problems
that may arise directly to me, the owner. Should any employee be caught stealing or engaging
in any activities that are not in line with Steph’s Sweets Standards, I expect you to notify me at
once. Your job is to make sure that everything operates in an efficient manner each and every
day. As manager it is your job to act in the owner’s name when not present.

Catering Manager_________________________________________________________
The catering manager will make sure that every order arrives where it needs to be, when it
needs to be there. The manager will oversee events and ensure that everything is to the
customer’s satisfaction. The manager should also make sure that other employees are aware of
what their jobs are and that they are doing them correctly. As the owner I may not always be
present, so as manager you will act in my name whenever appropriate.

Assistant Manager________________________________________________________
The assistant manager will assist their respective manner in any way that the manager sees fits.
When the manager is not present, the assistant manager will be the next in charge. Assistant
managers should seek to motivate employees to do their jobs correctly, even when managers
are not present. The assistant manager is to help any employees in any way that may be
appropriate.

Production Bakers_________________________________________________________
The production bakers will be the ones in charge of making products each day. Production
bakers should expect to arrive to work early each day to begin baking the treats for that day.
Production bakers will handle both the catering and the bakery orders, and should be prepared
to produce high volume orders regularly. Ultimately the production workers will control how
much we sell, and the quality of the products that we sell that day. Production workers will be
held to a high standard of excellence, and should strive to create the best product they can
create, every time they bake.

Kitchen Help_____________________________________________________________
Kitchen helpers will focus mainly on assisting the production bakers so that they can focus all
their efforts on baking. Kitchen helpers’ daily tasks may include: sweeping the floors, taking out
the garbage, restocking ingredients, or retrieving ingredients for the production baker so they

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don’t need to leave their station. Overall kitchen helpers are what will make this whole
operation run smoothly and efficiently.

Counter Staff_____________________________________________________________
Counter staff employees will be in charge of handling cash and transactions. They will focus on
customer service and tending to customer needs. The counter staff is the first face that the
customer sees when entering the shop, so it is important that you possess strong
communication skills in order to interact with customers. Counter staff will be in charge of
counting their drawers at the beginning and end of their shift to ensure that it balances out.

Dishwashers_____________________________________________________________
Dishwashes will be in charge of collecting dirty dishes as necessary and taking them to the
three-bin sink to be washed and sanitized. Production bakers may not always be able to take all
their dishes to the back, so the dishwashers will be in charge of collecting dirty dishes as they
are accumulated. After catering event, dishwashes will be in charge of making sure that all
dishes are cleaned and accounted for.

Cupcake Decorators_______________________________________________________
Cupcake decorators will focus on frosting the cupcakes after the production bakers have made
them. Cupcake decorators should be skilled at cake decorating, and be able to create cupcakes
that look just like the image shown on the menu. Our customers expect high quality treats, and
so the cupcake decorator must be able to provide a quality treat 99% of the time. Cupcake
decorators will also be responsible for making the buttercream frostings and storing them
properly.

Servers__________________________________________________________________
Servers will be in charge of delivering treats to guests at events. Depending on the style of
service that the customer desires at their event, servers will either be in charge of manning the
dessert table, or walking around with a tray of treats and serving people. Regardless of the style
of service, servers should have good interpersonal skills and be able to communicate/visit with
customers. Servers should strive to make eating our treats an experience.

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First Year Operating Agenda

(Sample of First Quarter)


Month Significant Events
January • New Years Celebration! All orders
placed receive 5% off!
• Introduce first cupcake of the month
• Place ads in the local newspaper/hang
flyers
• Hand out flyers/coupons around town
February • Send out emails to past clients to off
discounts
• Send Valentine’s Day mystery
discounts
• Contact local vendors/ event venues
to offer partnership in advertising
March • Volunteer to cater a small event to
drum up business/customer
awareness
• Deliver menus and samples to event
venues to get recommendations

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Quality and Service Report
1. Are you glad that you were referred to my company? ____________________________
2. Did you feel that I explained my policies promptly and courteously when we went over
the menu package and party proposal? ________________________________________
3. From our meetings and discussions, do you feel as though you receive the party you
were promised? __________________________________________________________
4. Are you satisfied that we completed our contractual agreement? __________________
_____________________________________________________________
_____________________________________________________________
5. Was the quality of the food as good as I promised? ______________________________
Did you enjoy it? __________________________________________________________
6. Which dish was your favorite? _______________________________________________
7. Did the food presentation meet your expectations? ______________________________
8. Did you receive compliments from your guests? ________________________________
9. Do you feel that you got value for your dollars? _________________________________
10. On a scale of 1 to 10, please rate the service staff. _______________________________
11. Were there any problems that I should know about that you are reluctant to bring up?
________________________________________________________________________
12. Was your home of the party site left in satisfactory condition?
________________________________________________________________________
13. Please tell me anything you feel would enable me to serve you better next time.
________________________________________________________________________
14. May I use your name as a reference? __________________________________________
15. Would you be comfortable writing me a letter of recommendation? ________________
Please mention what you liked best about working with me. ______________________
________________________________________________________________________
16. Please list below the names of two friends or colleagues who might need my services in
the future.
________________________________________________________________________
________________________________________________________________________
Thanks again! I hope I have the opportunity to do another party for you in the future.

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Marketing Strategy
Target Audience
Steph’s Sweets is a bakery/pastry shop that specializes in cakes and cupcakes. No matter your
age, gender, or lifestyle, everybody loves a sweet snack every now and then. Steph’s Sweets
caters to a wide range of customers, you’ll be sure to be satisfied!

Objective
My objective is to create a business that will not only be profitable, but bring satisfaction to
customers. This marketing plan will outline key ways to increase awareness and profitability.

4 P’s of Marketing
Product
Customers of Steph’s Sweets can expect decadent treats, with cupcake flavors ranging all the
way from the classic vanilla cupcake, to the divine lemon raspberry. Each month Steph’s Sweets
will feature a cupcake of the month. This cupcake will be exclusive to that month and will not
regularly appear on the menu. In total there will be 16 cupcakes on the menu; 15 classics, and 1
cupcake of the month. With cupcakes being the highlighted dessert at Steph’s Sweets, we also
serve other sweet treats such as cookies, brownies, and other sweet beverages.

Price
Competition price comparison:
Retro Bakery: Cupcakes: $2.65/$29 per dozen
The Cupcakery: Cupcakes: $3.50/$45 per dozen
Nothing Bundt Cakes: Cupcakes: $4.25/$20 per dozen
Freed’s Bakery: Cupcakes: $2.85/$31.35 per dozen
Sin City Cupcakes: Cupcakes: $34 per dozen
In order to maintain a competitive status, Steph’s Sweets will price cupcakes as follows:
$2.50/Cupcakes, $1.25/Mini cupcakes, and $30/Dozen

Customers can expect a frequent customer discount at Buy 12 get one free. Customers may
also receive 10% off their order by referral or by liking us on social media.

Place
Steph’s Sweets is located in Las Vegas, Nevada. Orders can be placed in store or online. Visit
our website at www.stephssweets.com or our social media @stephssweets for more
information!

Promotion
Primary forms of advertisement will include
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• Posting on social media @stephssweets
• Posting flyers around the city
• Posting an advertisement in the local newspaper
• Distributing business cards and coupons at large events

Business Card

Services
Steph’s Sweets isn’t just a bakery shop. We can also help bring some sweet flavors to your big
events such as weddings, baby showers, birthday parties, and more! We are here to help you
meet your dessert needs.

Other Strategies
Other strategies that may help increase business include
• Releasing weekly coupons
• Offering student discounts
• Offering a frequent customer punch card
• Monthly drawing to win treats
• Flavor of the month cupcakes

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Menu
The following menu is a comprised list of the different flavored cupcakes, treats, and drinks that
we offer in store. The same menu can be used when placing an order for an event. For special
orders, please contact the store so we can help meet your needs; we are able to do cakes. In
order to keep up with the high number of orders we have, we have set a $300 minimum
purchase in order to cater your special event. If you were referred to us, let us know how you
heard about us for 10% off your total order.
In order to keep a wide variety of options, Steph’s Sweets offers a cupcake of the month. The
cupcake of the month will be featured each month, with a different one each month. This
cupcake will not regularly appear on the menu, and therefore will only be available during its
respective month.
Don’t see a flavor that interests you? We value your feedback! Here at Steph’s Sweets we are
always open to new ideas and menu items. Feel free to contact us with any requests or
questions that you may have concerning our menu.

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Menu
 Standard cupcakes $2.50 | Mini cupcakes $1.25 | One dozen $30 

Classic Vanilla Lemon Raspberry Red Velvet Strawberry Cheesecake

Peanut Butter Cup (A) Cookies n’ Cream Lemon (GF) Apple Cinnamon (V)

Banana (GF) Salted Caramel Snickerdoodle Devil’s Food

Butterscotch Black Forest Nutella Cupcake of the Month


*Key: GF=Gluten Free V= Vegan A=Allergen

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 Other Treats 

Brownie Chocolate Chip Cookie Rice Krispy Treat


$1.50 $2 $1.50

 Drinks 
Lemonade Strawberry Lemonade Bottled Water
$2.75 $2.75 $2

Please Note: If you have any allergies or other dietary needs, please notify us so we can
accommodate you as best as possible

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Cupcakes of the Month
January Sparkling Cider Summerberry
July

February Chocolate Covered Strawberry Smores


August

March Grasshopper September Peanut Butter and


Jelly

April Carrot Cake October Caramel Apple

May Orange Delight November Pumpkin Spice

June Lemon Blueberry December Chocolate


Peppermint

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Financial Data
Any well prepared/successful business starts off with basic equipment, staple ingredients, and
other startup costs. Most of these costs are a one-time cost to get the business up and running.
Steph’s Sweets takes great care in handling financial matters, and as such strives to ensure
accuracy in recording any and all costs. Obtaining these assets to start off will help ensure that
the business is well prepared for any situation that may arise. This next section contains the
basic pro forma statements used to record income and expenses, as well as charts to record
startup and daily costs.

Basic Startup Costs


Operational Costs Office Supplies Kitchen Equipment Staple Ingredients
Location $ Pens and Pencils $ Saucepans with $ All-purpose $
covers flour
Business license $ Notepads $ Sheet pans, full $ Granulated $
and half-size sugar
Lawyer and $ File folders $ Cupcake pans $ Confectioner’s $
accountant fees sugar
Insurance $ Filing cabinet $ Stainless mixing $ Brown sugar $
bowls in various
sizes
Permits $ Laptop computer $ Tongs of different $ Baking soda $
lengths
Transportation $ Printer/copier/ $ Kitchen spoons Baking $
scanner powder
Advertising $ Envelopes in $ Measuring spoons $ Vegetable oil $
several sizes
Telephone and $ Stamps $ Measuring cups $ Olive oil $
internet for dry and wet
provider ingredients
Website and $ Return address $ Cutting boards $ Honey $
blog labels
Medical $ Business cards $ Spatulas $ Instant yeast $
insurance
Taxes $ Business stationary $ Rolling pin $ Cocoa powder $
Money to live $ Internet provider $ Wire whisks $ Salt $
on
Training $ Paper clips/stapler $ Can opener $ Vanilla extract $

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Working capital $ Basic accounting $ Colanders $ Almond $
software extract
One month’s $ Calendar $ Knives $ Peanut butter $
rent
Construction $ Telephone/address $ Wooden spoons $ Butter $
book
Dining furniture $ Digital camera $ Kitchen scale $ Eggs $
Cash register $ Clock $ Scissors $ Cream cheese $
Cushion (for $ Calculator $ Strainers $ Heavy $
unexpected whipping
costs) cream
$ Smartphone $ Pot holders $ Assorted $
spices
$ Monthly payroll $ Towels $ Artificial $
service sweeteners
$ iPad/tablet $ Industrial mixers $ Food coloring $
$ Office fridge $ Food processor $ Cupcake liners $
$ Cushion (for $ Blender $ Toothpicks $
unexpected costs)
$ $ Sifter $ Matches $
$ $ Aluminum pans $ Napkins $
$ $ Tupperware $ Garbage bags $
$ $ Microwave $ Aluminum foil $
$ $ Portable $ Saran wrap $
convection oven
$ $ Fridge $ Take out $
containers
$ $ Freezer $ Parchment $
paper
$ $ Three bin sink $ Ziplock bags $
$ $ Hand washing $ Cushion (for $
sink unexpected
costs)
$ $ Industrial $ $
dishwasher
$ $ Garbage cans $ $
$ $ Broom and dust $ $
pan

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$ $ Mops $ $
$ $ Buckets $ $
$ $ First-aid kit $ $
$ $ Cleaning supplies $ $
$ $ Handheld vacuum $ $
$ $ Cushion (for $ $
unexpected costs)
Total Costs: $ Total Costs: $ Total Costs: $ Total Costs: $

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Daily Food Cost Sheet
Employee name ___________________________
Day ______________________________________
Date _____________________________________

Purchases
Purchases total today: $________________
Food waste ________________
Other costs ________________
TOTAL COSTS $________________

Sales
Sales total today $________________

Comps ________________

Employee meals ________________

TOTAL SALES $________________

Food Costs
Food cost today = ____________ ____________ % Food PC today
Food sales weekly

Food cost week to date = ____________ ____________ %Food PC WTD


Food sales week to date

Food cost period to date = ____________ ____________ % Food PC PTD


Food sales period to date

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Income Statement
Steph’s Sweets
Month 1, 20XX
Amounts Percentages
Sales
Food $________ %________
Beverage $________ %________
Total Sales $________ %________
Cost of Sales:
Food $________ %________
Beverage $________ %________
Total Cost of Sales $________ %________
Gross Profit: $________ %________
Food $________ %________
Beverage $________ %________
Total Gross Profit $________ %________
Operating Expenses: $________ %________
Salaries and Wages $________
$________ %________
%________
Employee Benefits $________
$________ %________
%________
Direct Operating Expenses $________
$________ %________
%________
Music and Entertainment $________
$________$________ %________
%________
Marketing $________
%________
$________ %________
%________
Utility Services $________
$________ %________
%________
Occupancy Costs $________
$________ %________
%________
Repairs and Maintenance $________$________ %________
Depreciation $________
%________ %________
General and Administrative Expenses $________ %________
Other Expense/(Income) $________ %________
Total Operating Expenses $________ %________
Operating Income $________ %________
Interest $________ %________
Income before Income Taxes $________ %________
$________ %________
$________ %________
$________ %________
$________ %________
$________ %________
$________ %________
$________ %________
$________
26 %________
$________
%________
Balance Sheet
Assets Liabilities
Current Assets: Current Liabilities:
Cash on Hand $________ Accounts Payable $________
Cash in Banks $________ Current Portion of Long-term
Debt $________
$________ Wages Payable $________
Accounts Receivable:
Customers $________ Total Current Liabilities $________

$________ Long-term Liabilities:


Long term Debt (less Current
Inventories:
Portion) $________
Food $________
Other Non-current
Beverage $________
Liabilities $________
Supplies $________
Total Long-term
$________ Liabilities $________

Total Current Assets $________ Shareholder’s Equity:


Fixed Assets: Capital Stock $________
Land $________ Retained Earnings $________
Buildings $________
Total Shareholder’s
Leasehold and Leasehold Equity $________
Improvements $________
Furniture, Fixtures, and TOTAL LIABILITIES AND SHAREHOLDER’S
Equipment $________ EQUITY $________
Uniforms, Linens, China, and
Silver $________
Less Depreciation ($________)
Total Fixed Assets $________
Other Assets:
Rental Deposits $________
$________
TOTAL ASSETS $________

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Cash Flow Statement
Operating Activities
Cash receipts from:
Customers $________
Cash paid for:
Rent ($________)
Utilities/Phone ($________)
Owner’s salary ($________)
Payroll/Benefits/Taxes ($________)
Advertising/Promotion/Website ($________)
Accounting/Legal ($________)
Office supplies ($________)
Linen service ($________)
Insurance ($________)
License/taxes ($________)
Depreciation ($________)
Interest ($________)
Equipment maintenance ($________)

Net Cash Flow from Operating Activities $________

Investing Activities
Cash receipts from:
Sale of equipment $________
Cash paid for:
Leasehold improvements ($________)
Down payment on equipment purchase ($________)

Net Cash Flow from Investing Activities $________

Financing Activities
Cash receipts from:
Net borrowings under Line-of-credit Agreement $________
Issuance of Long-term Debt $________
Cash paid for:
Dividends ($________)

Net Cash Flow from Financing Activities $________

Net Change in Cash $________

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Projections: The Future of Steph’s Sweets

Being located in America’s no.1 city for entertainment has definitely presented its challenges.
However, it is these challenges that are always allowing us to try new things and adapt our
menus and services. It is also because of our clients that we are able to better serve the
public/meet their dessert needs. Without our loyal clients, our business would not be
successful.

After trial and error, and receiving feedback from our loyal customers, we believe that we have
adapted well to meet our consumer’s needs. We have become better at keeping up with
trends, and will continue to gear our menus more towards what is trending at a given point in
time. Over the years we have placed high value on our customers and we hope to continue to
do so in the years to come.

In the years to come, there are a few things that our customers can look forward to. Steph’s
Sweets will likely expand the menu to feature even more of your favorite cupcakes, as well as
some other yummy treats. Customers can expect to see more great discounts offered each
week. If we continue on our current upwards trend, Steph’s Sweets will most likely move from
renting to owning a shop. It is our hope that we can not only find a location that provides more
space, but also that we will have a place to call our own. In the future we anticipate our
catering market to grow and that we will cater quite a few events.

We are grateful to all of our customers for allowing us to continue making sweet treats to
satisfy your needs. We hope that you all will continue to remain loyal, even amidst all the
changes and rennovations that may occur. It is our goal that we will be able to grow as a
business together and create wonderful experiences that you’ll never forget!

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