McKenzie Tackle and Bait Shop

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Fishing Shop 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
Sales
Fishing Products 0% $0 $0 $0 $4,000 $5,400 $6,000 $6,000 $7,000 $8,000 $7,000 $5,000 $0
Misc 0% $0 $0 $0 $800 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $800 $0
Total Sales $0 $0 $0 $4,800 $6,400 $7,000 $7,000 $8,000 $9,000 $8,000 $5,800 $0
Direct Cost of Sales Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Fishing Products $0 $0 $0 $700 $800 $800 $900 $1,000 $800 $1,000 $600 $400
Misc $0 $0 $0 $150 $200 $200 $200 $200 $200 $200 $150 $0
Subtotal Direct Cost of Sales $0 $0 $0 $850 $1,000 $1,000 $1,100 $1,200 $1,000 $1,200 $750 $400
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
Brad West 0% $0 $0 $0 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $0
Other 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total People 0 0 0 1 1 1 1 1 1 1 1 1
Total Payroll $0 $0 $0 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $0
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% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
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 $0 $0 $0 $4,800 $6,400 $7,000 $7,000 $8,000 $9,000 $8,000 $5,800 $0
Direct Cost of Sales $0 $0 $0 $850 $1,000 $1,000 $1,100 $1,200 $1,000 $1,200 $750 $400
Other Production Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost of Sales $0 $0 $0 $850 $1,000 $1,000 $1,100 $1,200 $1,000 $1,200 $750 $400
Gross Margin $0 $0 $0 $3,950 $5,400 $6,000 $5,900 $6,800 $8,000 $6,800 $5,050 ($400)
Gross Margin % 0.00% 0.00% 0.00% 82.29% 84.38% 85.71% 84.29% 85.00% 88.89% 85.00% 87.07% 0.00%
Expenses
Payroll $0 $0 $0 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $0
Sales and Marketing and Other Expenses $0 $0 $0 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $0
Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Leased Equipment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Utilities $40 $40 $40 $150 $150 $150 $150 $150 $150 $150 $150 $150
Insurance $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Rent $900 $800 $800 $800 $800 $800 $800 $800 $800 $800 $800 $800
Payroll Taxes 15% $0 $0 $0 $450 $450 $450 $450 $450 $450 $450 $450 $0
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Operating Expenses $940 $840 $840 $5,400 $5,400 $5,400 $5,400 $5,400 $5,400 $5,400 $5,400 $950
Profit Before Interest and Taxes ($940) ($840) ($840) ($1,450) $0 $600 $500 $1,400 $2,600 $1,400 ($350) ($1,350)
EBITDA ($940) ($840) ($840) ($1,450) $0 $600 $500 $1,400 $2,600 $1,400 ($350) ($1,350)
Interest Expense $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Taxes Incurred ($282) ($252) ($252) ($435) $0 $180 $150 $420 $780 $420 ($105) ($405)
Net Profit ($658) ($588) ($588) ($1,015) $0 $420 $350 $980 $1,820 $980 ($245) ($945)
Net Profit/Sales 0.00% 0.00% 0.00% -21.15% 0.00% 6.00% 5.00% 12.25% 20.22% 12.25% -4.22% 0.00%
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 $0 $0 $0 $4,800 $6,400 $7,000 $7,000 $8,000 $9,000 $8,000 $5,800 $0
Subtotal Cash from Operations $0 $0 $0 $4,800 $6,400 $7,000 $7,000 $8,000 $9,000 $8,000 $5,800 $0
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 $0 $0 $0 $4,800 $6,400 $7,000 $7,000 $8,000 $9,000 $8,000 $5,800 $0
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 $0 $0 $0 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $0
Bill Payments $22 $656 $588 $693 $3,744 $3,566 $3,586 $3,772 $4,132 $4,175 $3,996 $3,203
Subtotal Spent on Operations $22 $656 $588 $3,693 $6,744 $6,566 $6,586 $6,772 $7,132 $7,175 $6,996 $3,203
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 $22 $656 $588 $3,693 $6,744 $6,566 $6,586 $6,772 $7,132 $7,175 $6,996 $3,203
Net Cash Flow ($22) ($656) ($588) $1,107 ($344) $435 $414 $1,228 $1,868 $825 ($1,196) ($3,203)
Cash Balance $12,678 $12,022 $11,434 $12,541 $12,197 $12,632 $13,046 $14,273 $16,142 $16,967 $15,771 $12,568
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 $12,700 $12,678 $12,022 $11,434 $12,541 $12,197 $12,632 $13,046 $14,273 $16,142 $16,967 $15,771 $12,568
Inventory $0 $0 $0 $0 $935 $1,100 $1,100 $1,210 $1,320 $1,320 $1,320 $1,570 $1,170
Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Current Assets $12,700 $12,678 $12,022 $11,434 $13,476 $13,297 $13,732 $14,256 $15,593 $17,462 $18,287 $17,341 $13,738
Long-term Assets
Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Accumulated Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Assets $12,700 $12,678 $12,022 $11,434 $13,476 $13,297 $13,732 $14,256 $15,593 $17,462 $18,287 $17,341 $13,738
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 $636 $568 $568 $3,625 $3,446 $3,461 $3,635 $3,992 $4,041 $3,886 $3,185 $527
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 $636 $568 $568 $3,625 $3,446 $3,461 $3,635 $3,992 $4,041 $3,886 $3,185 $527
Long-term Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Liabilities $0 $636 $568 $568 $3,625 $3,446 $3,461 $3,635 $3,992 $4,041 $3,886 $3,185 $527
Paid-in Capital $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 $25,000
Retained Earnings ($12,300) ($12,300) ($12,300) ($12,300) ($12,300) ($12,300) ($12,300) ($12,300) ($12,300) ($12,300) ($12,300) ($12,300) ($12,300)
Earnings $0 ($658) ($1,246) ($1,834) ($2,849) ($2,849) ($2,429) ($2,079) ($1,099) $721 $1,701 $1,456 $511
Total Capital $12,700 $12,042 $11,454 $10,866 $9,851 $9,851 $10,271 $10,621 $11,601 $13,421 $14,401 $14,156 $13,211
Total Liabilities and Capital $12,700 $12,678 $12,022 $11,434 $13,476 $13,297 $13,732 $14,256 $15,593 $17,462 $18,287 $17,341 $13,738
Net Worth $12,700 $12,042 $11,454 $10,866 $9,851 $9,851 $10,271 $10,621 $11,601 $13,421 $14,401 $14,156 $13,211