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Fishing Equipment Business Plan

Appendix

Sales Forecast
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Unit Sales
Supreme Kits 0% 520 520 520 520 520 520 520 520 520 520 520 520
Royalty Income 0% 0 0 0 0 0 0 0 0 0 0 0 0
Other 0% 0 0 0 0 0 0 0 0 0 0 0 0
Total Unit Sales 520 520 520 520 520 520 520 520 520 520 520 520
Unit Prices Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Supreme Kits $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00
Royalty Income $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Other $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Sales
Supreme Kits $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000
Royalty Income $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Sales $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000
Direct Unit Costs Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Supreme Kits 0.00% $26.48 $26.48 $26.48 $26.48 $26.48 $26.48 $26.48 $26.48 $26.48 $26.48 $26.48 $26.48
Royalty Income 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Other 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Direct Cost of Sales
Supreme Kits $13,770 $13,770 $13,770 $13,770 $13,770 $13,770 $13,770 $13,770 $13,770 $13,770 $13,770 $13,770
Royalty Income $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Direct Cost of Sales $13,770 $13,770 $13,770 $13,770 $13,770 $13,770 $13,770 $13,770 $13,770 $13,770 $13,770 $13,770
Personnel Plan
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
President 0% $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000
Bookkeeper/Office Manager 0% $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000
Total People 2 2 2 2 2 2 2 2 2 2 2 2
Total Payroll $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000
General Assumptions
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Plan Month 1 2 3 4 5 6 7 8 9 10 11 12
Current Interest Rate 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Long-term Interest Rate 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Tax Rate 30.00% 24.50% 24.50% 24.50% 24.50% 24.50% 24.50% 24.50% 24.50% 24.50% 24.50% 24.50%
Other 0 0 0 0 0 0 0 0 0 0 0 0
Pro Forma Profit and Loss
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Sales $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000
Direct Cost of Sales $13,770 $13,770 $13,770 $13,770 $13,770 $13,770 $13,770 $13,770 $13,770 $13,770 $13,770 $13,770
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost of Sales $13,770 $13,770 $13,770 $13,770 $13,770 $13,770 $13,770 $13,770 $13,770 $13,770 $13,770 $13,770
Gross Margin $12,230 $12,230 $12,230 $12,230 $12,230 $12,230 $12,230 $12,230 $12,230 $12,230 $12,230 $12,230
Gross Margin % 47.04% 47.04% 47.04% 47.04% 47.04% 47.04% 47.04% 47.04% 47.04% 47.04% 47.04% 47.04%
Expenses
Payroll $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000
Sales and Marketing and Other Expenses $1,900 $1,500 $1,500 $1,500 $1,500 $1,500 $4,000 $1,500 $1,500 $1,500 $1,500 $1,500
Depreciation $76 $76 $76 $76 $76 $76 $76 $76 $76 $76 $76 $76
Leased Equipment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Utilities $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200
Insurance $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100
Rent $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Payroll Taxes 15% $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600 $600
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Operating Expenses $6,876 $6,476 $6,476 $6,476 $6,476 $6,476 $8,976 $6,476 $6,476 $6,476 $6,476 $6,476
Profit Before Interest and Taxes $5,355 $5,755 $5,755 $5,755 $5,755 $5,755 $3,255 $5,755 $5,755 $5,755 $5,755 $5,755
EBITDA $5,430 $5,830 $5,830 $5,830 $5,830 $5,830 $3,330 $5,830 $5,830 $5,830 $5,830 $5,830
Interest Expense $833 $833 $833 $833 $833 $833 $833 $833 $833 $833 $833 $833
Taxes Incurred $1,356 $1,206 $1,206 $1,206 $1,206 $1,206 $593 $1,206 $1,206 $1,206 $1,206 $1,206
Net Profit $3,165 $3,716 $3,716 $3,716 $3,716 $3,716 $1,828 $3,716 $3,716 $3,716 $3,716 $3,716
Net Profit/Sales 12.17% 14.29% 14.29% 14.29% 14.29% 14.29% 7.03% 14.29% 14.29% 14.29% 14.29% 14.29%
Pro Forma Cash Flow
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Cash Received
Cash from Operations
Cash Sales $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000
Subtotal Cash from Operations $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000
Additional Cash Received
Sales Tax, VAT, HST/GST Received 0.00% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Other Liabilities (interest-free) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Long-term Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Sales of Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Sales of Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Investment Received $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Cash Received $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000 $26,000
Expenditures Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Expenditures from Operations
Cash Spending $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 $4,000
Bill Payments $166 $4,971 $4,439 $4,829 $16,203 $18,209 $18,272 $20,033 $18,209 $18,209 $18,209 $18,209
Subtotal Spent on Operations $4,166 $8,971 $8,439 $8,829 $20,203 $22,209 $22,272 $24,033 $22,209 $22,209 $22,209 $22,209
Additional Cash Spent
Sales Tax, VAT, HST/GST Paid Out $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Principal Repayment of Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Liabilities Principal Repayment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Long-term Liabilities Principal Repayment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Purchase Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Purchase Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Dividends $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Cash Spent $4,166 $8,971 $8,439 $8,829 $20,203 $22,209 $22,272 $24,033 $22,209 $22,209 $22,209 $22,209
Net Cash Flow $21,834 $17,029 $17,561 $17,171 $5,797 $3,791 $3,728 $1,967 $3,791 $3,791 $3,791 $3,791
Cash Balance $41,834 $58,862 $76,423 $93,594 $99,391 $103,182 $106,911 $108,878 $112,669 $116,460 $120,252 $124,043
Pro Forma Balance Sheet
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Assets Starting Balances
Current Assets
Cash $20,000 $41,834 $58,862 $76,423 $93,594 $99,391 $103,182 $106,911 $108,878 $112,669 $116,460 $120,252 $124,043
Inventory $58,530 $44,760 $30,991 $17,221 $15,147 $15,147 $15,147 $15,147 $15,147 $15,147 $15,147 $15,147 $15,147
Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Current Assets $78,530 $86,594 $89,853 $93,644 $108,741 $114,538 $118,329 $122,057 $124,024 $127,815 $131,607 $135,398 $139,189
Long-term Assets
Long-term Assets $483,425 $483,425 $483,425 $483,425 $483,425 $483,425 $483,425 $483,425 $483,425 $483,425 $483,425 $483,425 $483,425
Accumulated Depreciation $0 $76 $151 $227 $303 $378 $454 $530 $605 $681 $757 $832 $908
Total Long-term Assets $483,425 $483,349 $483,274 $483,198 $483,122 $483,047 $482,971 $482,895 $482,820 $482,744 $482,668 $482,593 $482,517
Total Assets $561,955 $569,943 $573,127 $576,842 $591,863 $597,584 $601,300 $604,953 $606,844 $610,560 $614,275 $617,991 $621,706
Liabilities and Capital Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Current Liabilities
Accounts Payable $0 $4,823 $4,291 $4,291 $15,596 $17,602 $17,602 $19,426 $17,602 $17,602 $17,602 $17,602 $17,602
Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Current Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Current Liabilities $0 $4,823 $4,291 $4,291 $15,596 $17,602 $17,602 $19,426 $17,602 $17,602 $17,602 $17,602 $17,602
Long-term Liabilities $100,000 $100,000 $100,000 $100,000 $100,000 $100,000 $100,000 $100,000 $100,000 $100,000 $100,000 $100,000 $100,000
Total Liabilities $100,000 $104,823 $104,291 $104,291 $115,596 $117,602 $117,602 $119,426 $117,602 $117,602 $117,602 $117,602 $117,602
Paid-in Capital $545,205 $545,205 $545,205 $545,205 $545,205 $545,205 $545,205 $545,205 $545,205 $545,205 $545,205 $545,205 $545,205
Retained Earnings ($83,250) ($83,250) ($83,250) ($83,250) ($83,250) ($83,250) ($83,250) ($83,250) ($83,250) ($83,250) ($83,250) ($83,250) ($83,250)
Earnings $0 $3,165 $6,881 $10,596 $14,312 $18,028 $21,743 $23,571 $27,287 $31,003 $34,718 $38,434 $42,150
Total Capital $461,955 $465,120 $468,836 $472,551 $476,267 $479,983 $483,698 $485,526 $489,242 $492,958 $496,673 $500,389 $504,105
Total Liabilities and Capital $561,955 $569,943 $573,127 $576,842 $591,863 $597,584 $601,300 $604,953 $606,844 $610,560 $614,275 $617,991 $621,706
Net Worth $461,955 $465,120 $468,836 $472,551 $476,267 $479,983 $483,698 $485,526 $489,242 $492,958 $496,673 $500,389 $504,105