Financial projections

Financial projections

	Year 1	Year 2	Year 3	Year 4
Total Income	0	0	48 000	50 400
Total Expenses	-25 000	-38 400	-38 600	-38 600
EBITDA	-25 000	-38 400	9 400	9 880
Net Profit	-20 000	- 40 900	- 6 900	- 7 380
Financial Needs	0	1 000	0	0
% Gross Margin / Billing	0%	0%	5%	5%

130.000 kids in age 5-15yo

Start up expenses:

1. Mobile Devices - 10 x smartphones (500€) = 5000 €
2. Cameras - 10 x gopro (200€) = 2000 €

Monthly Expenses:

3. Office : Rent = 700€/month
4. Wages - 18€/h - 10 drivers, 8h/day, 5days/week= 144€/day, 720€/week, 2880€/month
5. Fuel+car expenses =

https://www.indeed.co.uk/salaries/Taxi-Driver-Salaries,-London-ENG

Investments:

Investments in the location : 1000€ of costs at the beginning

Income:

Course Price - 30€/hour = 48 000€

Key assumptions:

Market size: Parents working in Spain, middle-class