If you are presenting your golf shop business plan to investors, it is likely that they will request to see at least three to five years of financial projections. This is typically presented in the form of an income statement, balance sheet, cash flow forecast, and P&L statement. In some instances, investors may also request a break-even analysis or scenario forecast that provides investors with a strong understanding of how the company may perform under various conditions.
The most effective way to perform the financial modeling for a golf shop is to base it on the comparable financial performance of other shops. Using data from websites like the US Census can also be advantageous if you are analyzing the regional population demographics within a township or city. For instance, an analysis of the overall population demographics and income levels to project the demand for golf products Buffalo, New York. Remember to keep the financial projections conservative, but demonstrate that your company is capable of providing investors with sizable returns or maintaining a high coverage ratio.