Are you writing a skydiving business plan? If YES, here is a sample skydiving company financial projection, profit & loss statement, sales cost. Having done our due diligence, this is what it would cost us to set up Silver Line® Sky Dive Group, Inc. in the United States of America;

Our Startup Budget and Expenditure

  1. The total fee for registering the business in the United States of America – $750.
  2. Legal expenses for obtaining licenses and permits – $1,500.
  3. Marketing promotion expenses (8,000 flyers at $0.04 per copy) for the total amount of – $10,000.
  4. The total cost for hiring Business Consultant – $5,000.
  5. The amount needed for the purchase of insurance policy covers (general liability, workers’ compensation
  6. and property casualty) coverage at a total premium – $100,800.
  7. The total cost for the purchase of accounting software, CRM software and Payroll Software – $3,000
  8. The total cost for leasing facility for the business – $200,000.
  9. The total cost for facility remodeling to fit into the type of skydiving business facility – $100,000
  10. The total cost for financing the purchase of our first aircraft, parachutes that contains a container/harness system, a main canopy, a reserve canopy and increasingly frequently an automatic activation device (AAD) as well, and other items such as helmet, jumpsuit, altimeter, and gloves, wear cameras, like GoPros, to record their skydives – $300,000
  11. Other start-up expenses including stationery – $1000
  12. Phone and utility deposits – $13,500
  13. Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $70,000
  14. The cost for the purchase of furniture and gadgets (Computers, Printers, Telephone, TVs, Sound System, snooker board, tables and chairs et al) – $4,000.
  15. The cost of launching a Website – $600
  16. The cost of our grand opening party – $5,000
  17. Miscellaneous – $15,000

TOTAL EXPENSES: $830,150

Going by the report from the market research and feasibility studies conducted, we will need about nine hundred and fifty thousand (950,000) U.S. dollars to successfully set – up a medium scale but standard skydiving business in the United States of America.

Generating Funds/Startup Capital for Silver Line® Sky Dive Group, Inc.

Silver Line® Sky Dive Group, Inc. is a private business that is solely owned and financed by Mr. Shannon McMillian and his immediate family members. They do not intend to welcome any external business partner which is why he has decided to restrict the sourcing of the startup capital to 3 major sources.

  • Generate part of the startup capital from personal savings
  • Source for soft loans from family members and friends
  • Apply for loan from the Bank

N.B: We have been able to generate about $250,000 (Personal savings $200,000 and soft loan from family members $50,000) and we are at the final stages of obtaining a loan facility of $700,000 from our bank. All the papers and documents have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.

Sources of Income

Silver Line® Sky Dive Group, Inc. is established with the aim of maximizing profits in the Skydiving industry and we are going to ensure that we do all it takes to meet and surpass the expectations of all our clients. Silver Line® Sky Dive Group, Inc. will generate income by offering the following services;

  • Artistic Events (Freestyle and Freefly, indoor and outdoor)
  • Canopy Formation (outdoor only)
  • Canopy Piloting (outdoor only)
  • Dynamic (indoor only)
  • Formation Skydiving (indoor and outdoor)
  • Paraski (outdoor only), Style & Accuracy Landing (outdoor only)
  • Wingsuit Flying (outdoor only)

Sales Forecast

One thing is certain, there would always be fun loving people and tourists who would want to go sky diving especially during summer holidays. We are well positioned to take on the available market in the industry in Honolulu – Hawaii and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operation.

We have been able to examine the skydiving business market, we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. Below are the sales projections for Silver Line® Sky Dive Group, Inc. It is based on the location of our skydiving business facility and of course our target market;

  • First Fiscal Year: $430,000
  • Second Fiscal Year: $720,000
  • Third Fiscal Year: $1.5 million

SOURCES OF INCOME FOR YEAR ONE

  • Artistic Events (Freestyle and Freefly, indoor and outdoor)
  • Canopy Formation (outdoor only)
  • Canopy Piloting (outdoor only)
  • Dynamic (indoor only)
  • Formation Skydiving (indoor and outdoor)

INCOME:

Artistic Events (Freestyle and Freefly, indoor and outdoor)

Artistic Events (Freestyle and Freefly, indoor) will cost $450

  • Having 100 client, it will cost $45,000

Artistic Events (Freestyle and Freefly, outdoor) will cost $550

  • Having 100 client, it will cost $55,000

Canopy Formation (outdoor only) 

Canopy Formation (outdoor only) will cost $600

  • Having 100 client, it will cost $60,000

Canopy Piloting (outdoor only)

Canopy Piloting (outdoor only) will cost $500

  • Having 100 client, it will cost $50,000

Dynamic (indoor only)

Dynamic (indoor only) will cost $800

  • Having 100 client, it will cost $80,000

Formation Skydiving (indoor and outdoor)

Formation Skydiving (indoor) will cost $600

  • Having 100 client, it will cost $60,000

Formation Skydiving (outdoor) will cost $800

  • Having 100 client, it will cost $80,000

TOTAL INCOME$430,000

ON-GOING OPERATIONAL EXPENSES:

  • Operational cost for the second quarter of the year (salaries of employees, payments of bills et al) – $70,000
  • Operational cost for the third quarter of the year (salaries of employees, payments of bills et al) – $70,000
  • Operational cost for the last quarter of the year (salaries of employees, payments of bills et al) – $70,000
  • Equipment rental, repairs and maintenance – $10,000
  • Supplies (helmet, jumpsuit, altimeter, and gloves, stationaries et al) – 30,000
  • Credit card processing fees$1,000
  • Other miscellaneous expenses – $9,000

TOTAL $260,000

N.B: This projection was done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.