Home Decoration Fabrics Business Plan
Interior Views LLC
Appendix
| Sales Forecast | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Sales | |||||||||||||
| Direct Retail Sales | 0% | $36,400 | $25,000 | $28,000 | $30,000 | $34,000 | $29,200 | $22,000 | $23,000 | $24,000 | $32,000 | $28,000 | $24,000 |
| Consignment Sales | 0% | $1,000 | $800 | $1,000 | $1,200 | $1,200 | $1,000 | $900 | $900 | $1,000 | $1,200 | $1,300 | $1,000 |
| Sub-lease Revenue | 0% | $405 | $405 | $525 | $405 | $405 | $525 | $405 | $405 | $525 | $405 | $405 | $525 |
| eBay Sales-Fabric | 0% | $3,900 | $4,875 | $5,525 | $5,850 | $7,150 | $8,125 | $9,425 | $10,725 | $11,050 | $11,375 | $11,700 | $12,025 |
| eBay Sales-Products | 0% | $250 | $375 | $500 | $700 | $875 | $1,000 | $1,075 | $1,125 | $1,200 | $1,250 | $1,325 | $1,375 |
| eBay Shipping and Handling | 0% | $700 | $900 | $1,050 | $1,180 | $1,450 | $1,650 | $1,880 | $2,100 | $2,180 | $2,250 | $2,330 | $2,400 |
| Other | 0% | $240 | $260 | $280 | $300 | $320 | $340 | $360 | $380 | $400 | $420 | $440 | $400 |
| Total Sales | $42,895 | $32,615 | $36,880 | $39,635 | $45,400 | $41,840 | $36,045 | $38,635 | $40,355 | $48,900 | $45,500 | $41,725 | |
| Direct Cost of Sales | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
| Direct Retail Sales | $16,380 | $11,250 | $12,600 | $13,500 | $15,300 | $13,140 | $9,900 | $10,350 | $10,800 | $14,400 | $12,600 | $10,800 | |
| Consignment Sales | $30 | $24 | $30 | $36 | $36 | $30 | $27 | $27 | $30 | $36 | $39 | $30 | |
| Sub-lease Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| eBay Sales-Fabric | $1,950 | $2,438 | $2,763 | $2,925 | $3,575 | $4,063 | $4,713 | $5,363 | $5,525 | $5,688 | $5,850 | $6,013 | |
| eBay Sales-Products | $125 | $188 | $250 | $350 | $438 | $500 | $538 | $563 | $600 | $625 | $683 | $688 | |
| Shipping and Handling | $525 | $675 | $788 | $885 | $1,088 | $1,238 | $1,410 | $1,575 | $1,635 | $1,688 | $1,748 | $1,800 | |
| Other | $120 | $130 | $140 | $150 | $160 | $170 | $180 | $190 | $200 | $210 | $220 | $200 | |
| Subtotal Direct Cost of Sales | $19,130 | $14,705 | $16,571 | $17,846 | $20,597 | $19,141 | $16,768 | $18,068 | $18,790 | $22,647 | $21,140 | $19,531 | |
| General Assumptions | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
| Current Interest Rate | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | |
| Long-term Interest Rate | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | |
| Tax Rate | 30.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | |
| Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pro Forma Profit and Loss | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Sales | $42,895 | $32,615 | $36,880 | $39,635 | $45,400 | $41,840 | $36,045 | $38,635 | $40,355 | $48,900 | $45,500 | $41,725 | |
| Direct Cost of Sales | $19,130 | $14,705 | $16,571 | $17,846 | $20,597 | $19,141 | $16,768 | $18,068 | $18,790 | $22,647 | $21,140 | $19,531 | |
| Production Payroll | $260 | $260 | $760 | $1,060 | $1,100 | $1,142 | $1,226 | $1,272 | $1,321 | $1,372 | $1,426 | $1,482 | |
| Final Value Fees | 8.00% | $388 | $492 | $566 | $618 | $758 | $862 | $990 | $1,116 | $1,154 | $1,190 | $1,228 | $1,264 |
| Item Fees | $0.04 | $194 | $246 | $283 | $309 | $379 | $431 | $495 | $558 | $577 | $595 | $614 | $632 |
| PayPal Fees | 2.90% | $141 | $178 | $205 | $224 | $275 | $312 | $359 | $405 | $418 | $431 | $445 | $458 |
| Other | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | |
| Total Cost of Sales | $20,613 | $16,381 | $18,885 | $20,557 | $23,609 | $22,388 | $20,338 | $21,919 | $22,760 | $26,735 | $25,353 | $23,867 | |
| Gross Margin | $22,282 | $16,234 | $17,995 | $19,078 | $21,791 | $19,452 | $15,707 | $16,716 | $17,595 | $22,165 | $20,147 | $17,858 | |
| Gross Margin % | 51.95% | 49.77% | 48.79% | 48.13% | 48.00% | 46.49% | 43.58% | 43.27% | 43.60% | 45.33% | 44.28% | 42.80% | |
| Operating Expenses | |||||||||||||
| Sales and Marketing Expenses | |||||||||||||
| Sales and Marketing Payroll | $1,690 | $1,690 | $1,790 | $1,840 | $1,690 | $1,690 | $1,690 | $1,690 | $1,690 | $1,690 | $1,690 | $1,690 | |
| Advertising/Promotion | $250 | $2,150 | $750 | $750 | $1,950 | $750 | $750 | $750 | $1,950 | $750 | $750 | $750 | |
| Travel | $0 | $0 | $1,250 | $0 | $0 | $0 | $0 | $0 | $0 | $900 | $800 | $100 | |
| Online Ramp-up Marketing | $1,000 | $1,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| eBay Promotion | $100 | $100 | $150 | $200 | $100 | $100 | $100 | $150 | $150 | $200 | $200 | $150 | |
| Miscellaneous | $340 | $220 | $220 | $340 | $220 | $220 | $340 | $220 | $220 | $340 | $220 | $220 | |
| Total Sales and Marketing Expenses | $3,380 | $5,160 | $4,160 | $3,130 | $3,960 | $2,760 | $2,880 | $2,810 | $4,010 | $3,880 | $3,660 | $2,910 | |
| Sales and Marketing % | 7.88% | 15.82% | 11.28% | 7.90% | 8.72% | 6.60% | 7.99% | 7.27% | 9.94% | 7.93% | 8.04% | 6.97% | |
| General and Administrative Expenses | |||||||||||||
| General and Administrative Payroll | $2,960 | $2,920 | $2,980 | $2,980 | $2,980 | $3,020 | $3,020 | $3,020 | $3,000 | $3,000 | $3,000 | $2,960 | |
| Sales and Marketing and Other Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Depreciation | $195 | $195 | $195 | $195 | $195 | $195 | $195 | $195 | $195 | $195 | $195 | $5 | |
| eBay Store Fees | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | |
| Internet Access/Wesite Hosting | $65 | $65 | $65 | $65 | $65 | $65 | $65 | $65 | $65 | $65 | $65 | $65 | |
| Leased Equipment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Utilities | $240 | $235 | $230 | $225 | $220 | $215 | $215 | $215 | $220 | $225 | $230 | $235 | |
| Insurance | $212 | $212 | $212 | $212 | $212 | $212 | $212 | $212 | $212 | $212 | $212 | $212 | |
| Rent | $2,848 | $2,848 | $2,848 | $2,848 | $2,848 | $2,848 | $2,848 | $2,848 | $2,848 | $2,848 | $2,848 | $2,848 | |
| Payroll Taxes | 15% | $668 | $662 | $671 | $671 | $671 | $677 | $677 | $677 | $674 | $674 | $674 | $668 |
| Legal Fees for eBay Store Start-up | $1,500 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other General and Administrative Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total General and Administrative Expenses | $8,738 | $7,187 | $7,251 | $7,246 | $7,241 | $7,282 | $7,282 | $7,282 | $7,264 | $7,269 | $7,274 | $7,043 | |
| General and Administrative % | 20.37% | 22.03% | 19.66% | 18.28% | 15.95% | 17.40% | 20.20% | 18.85% | 18.00% | 14.86% | 15.99% | 16.88% | |
| Other Expenses: | |||||||||||||
| Other Payroll | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Consultants - Website Design | $1,000 | $1,000 | $500 | $0 | $0 | $1,000 | $0 | $0 | $1,000 | $0 | $0 | $500 | |
| Contract/Consultants | $36 | $36 | $36 | $816 | $36 | $36 | $36 | $36 | $36 | $36 | $36 | $36 | |
| Total Other Expenses | $1,036 | $1,036 | $536 | $816 | $36 | $1,036 | $36 | $36 | $1,036 | $36 | $36 | $536 | |
| Other % | 2.42% | 3.18% | 1.45% | 2.06% | 0.08% | 2.48% | 0.10% | 0.09% | 2.57% | 0.07% | 0.08% | 1.28% | |
| Total Operating Expenses | $13,154 | $13,383 | $11,947 | $11,192 | $11,237 | $11,078 | $10,198 | $10,128 | $12,310 | $11,185 | $10,970 | $10,489 | |
| Profit Before Interest and Taxes | $9,129 | $2,852 | $6,049 | $7,887 | $10,555 | $8,375 | $5,510 | $6,589 | $5,286 | $10,981 | $9,178 | $7,370 | |
| EBITDA | $9,324 | $3,047 | $6,244 | $8,082 | $10,750 | $8,570 | $5,705 | $6,784 | $5,481 | $11,176 | $9,373 | $7,375 | |
| Interest Expense | $178 | $182 | $186 | $190 | $195 | $199 | $203 | $207 | $211 | $215 | $219 | $223 | |
| Taxes Incurred | $2,685 | $747 | $1,641 | $2,155 | $2,901 | $2,289 | $1,486 | $1,787 | $1,421 | $3,014 | $2,508 | $2,001 | |
| Net Profit | $6,265 | $1,922 | $4,221 | $5,541 | $7,459 | $5,887 | $3,821 | $4,595 | $3,654 | $7,751 | $6,450 | $5,145 | |
| Net Profit/Sales | 14.61% | 5.89% | 11.44% | 13.98% | 16.43% | 14.07% | 10.60% | 11.89% | 9.05% | 15.85% | 14.18% | 12.33% | |
| Pro Forma Cash Flow | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Cash Received | |||||||||||||
| Cash from Operations | |||||||||||||
| Cash Sales | $42,895 | $32,615 | $36,880 | $39,635 | $45,400 | $41,840 | $36,045 | $38,635 | $40,355 | $48,900 | $45,500 | $41,725 | |
| Subtotal Cash from Operations | $42,895 | $32,615 | $36,880 | $39,635 | $45,400 | $41,840 | $36,045 | $38,635 | $40,355 | $48,900 | $45,500 | $41,725 | |
| 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 | $1,214 | $1,214 | $1,214 | $1,214 | $1,214 | $1,214 | $1,214 | $1,214 | $1,214 | $1,214 | $1,214 | $1,214 | |
| New Other Liabilities (interest-free) | $102 | $102 | $102 | $102 | $102 | $102 | $102 | $102 | $102 | $102 | $102 | $102 | |
| 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 | $59,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Received | $103,211 | $33,931 | $38,196 | $40,951 | $46,716 | $43,156 | $37,361 | $39,951 | $41,671 | $50,216 | $46,816 | $43,041 | |
| Expenditures | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
| Expenditures from Operations | |||||||||||||
| Cash Spending | $4,910 | $4,870 | $5,530 | $5,880 | $5,770 | $5,852 | $5,936 | $5,982 | $6,011 | $6,062 | $6,116 | $6,132 | |
| Bill Payments | $8,530 | $15,729 | $10,905 | $10,357 | $10,213 | $11,358 | $10,717 | $9,587 | $17,657 | $31,468 | $38,498 | $31,152 | |
| Subtotal Spent on Operations | $13,440 | $20,599 | $16,435 | $16,237 | $15,983 | $17,210 | $16,653 | $15,569 | $23,668 | $37,530 | $44,614 | $37,284 | |
| 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 | $700 | $700 | $700 | $700 | $700 | $700 | $700 | $700 | $700 | $700 | $700 | $700 | |
| 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 | $7,500 | $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 | $21,640 | $21,299 | $17,135 | $16,937 | $16,683 | $17,910 | $17,353 | $16,269 | $24,368 | $38,230 | $45,314 | $37,984 | |
| Net Cash Flow | $81,571 | $12,632 | $21,061 | $24,014 | $30,033 | $25,246 | $20,008 | $23,682 | $17,303 | $11,986 | $1,502 | $5,057 | |
| Cash Balance | $82,771 | $95,403 | $116,465 | $140,479 | $170,512 | $195,757 | $215,765 | $239,447 | $256,750 | $268,736 | $270,238 | $275,295 | |
| Pro Forma Balance Sheet | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Assets | Starting Balances | ||||||||||||
| Current Assets | |||||||||||||
| Cash | $1,200 | $82,771 | $95,403 | $116,465 | $140,479 | $170,512 | $195,757 | $215,765 | $239,447 | $256,750 | $268,736 | $270,238 | $275,295 |
| Inventory | $150,000 | $134,370 | $119,665 | $103,094 | $85,248 | $64,651 | $45,510 | $28,742 | $18,068 | $18,790 | $22,647 | $21,140 | $19,531 |
| Other Current Assets | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 |
| Total Current Assets | $153,500 | $219,441 | $217,368 | $221,859 | $228,027 | $237,463 | $243,567 | $246,807 | $259,815 | $277,840 | $293,683 | $293,678 | $297,126 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $4,200 | $11,700 | $11,700 | $11,700 | $11,700 | $11,700 | $11,700 | $11,700 | $11,700 | $11,700 | $11,700 | $11,700 | $11,700 |
| Accumulated Depreciation | $2,050 | $2,245 | $2,440 | $2,635 | $2,830 | $3,025 | $3,220 | $3,415 | $3,610 | $3,805 | $4,000 | $4,195 | $4,200 |
| Total Long-term Assets | $2,150 | $9,455 | $9,260 | $9,065 | $8,870 | $8,675 | $8,480 | $8,285 | $8,090 | $7,895 | $7,700 | $7,505 | $7,500 |
| Total Assets | $155,650 | $228,896 | $226,628 | $230,924 | $236,897 | $246,138 | $252,047 | $255,092 | $267,905 | $285,735 | $301,383 | $301,183 | $304,626 |
| Liabilities and Capital | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
| Current Liabilities | |||||||||||||
| Accounts Payable | $8,000 | $15,365 | $10,559 | $10,018 | $9,834 | $11,000 | $10,406 | $9,014 | $16,616 | $30,177 | $37,457 | $30,191 | $27,872 |
| Current Borrowing | $22,000 | $22,514 | $23,028 | $23,542 | $24,056 | $24,570 | $25,084 | $25,598 | $26,112 | $26,626 | $27,140 | $27,654 | $28,168 |
| Other Current Liabilities | $1,150 | $1,252 | $1,354 | $1,456 | $1,558 | $1,660 | $1,762 | $1,864 | $1,966 | $2,068 | $2,170 | $2,272 | $2,374 |
| Subtotal Current Liabilities | $31,150 | $39,131 | $34,941 | $35,016 | $35,448 | $37,230 | $37,252 | $36,476 | $44,694 | $58,871 | $66,767 | $60,117 | $58,414 |
| Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $31,150 | $39,131 | $34,941 | $35,016 | $35,448 | $37,230 | $37,252 | $36,476 | $44,694 | $58,871 | $66,767 | $60,117 | $58,414 |
| Paid-in Capital | $0 | $59,000 | $59,000 | $59,000 | $59,000 | $59,000 | $59,000 | $59,000 | $59,000 | $59,000 | $59,000 | $59,000 | $59,000 |
| Retained Earnings | $112,500 | $124,500 | $124,500 | $124,500 | $124,500 | $124,500 | $124,500 | $124,500 | $124,500 | $124,500 | $124,500 | $124,500 | $124,500 |
| Earnings | $12,000 | $6,265 | $8,187 | $12,408 | $17,949 | $25,408 | $31,295 | $35,116 | $39,711 | $43,364 | $51,116 | $57,566 | $62,711 |
| Total Capital | $124,500 | $189,765 | $191,687 | $195,908 | $201,449 | $208,908 | $214,795 | $218,616 | $223,211 | $226,864 | $234,616 | $241,066 | $246,211 |
| Total Liabilities and Capital | $155,650 | $228,896 | $226,628 | $230,924 | $236,897 | $246,138 | $252,047 | $255,092 | $267,905 | $285,735 | $301,383 | $301,183 | $304,626 |
| Net Worth | $124,500 | $189,765 | $191,687 | $195,908 | $201,449 | $208,908 | $214,795 | $218,616 | $223,211 | $226,864 | $234,616 | $241,066 | $246,211 |
| Personnel Plan | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Production Personnel | |||||||||||||
| Pharis - Sales Fulfillment | $260 | $260 | $260 | $260 | $260 | $260 | $300 | $300 | $300 | $300 | $300 | $300 | |
| eBay Shipper - Sales Fulfillment | $0 | $0 | $500 | $800 | $840 | $882 | $926 | $972 | $1,021 | $1,072 | $1,126 | $1,182 | |
| Name or Title | $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 | $260 | $260 | $760 | $1,060 | $1,100 | $1,142 | $1,226 | $1,272 | $1,321 | $1,372 | $1,426 | $1,482 | |
| Sales and Marketing Personnel | |||||||||||||
| Kandi - Design Consultant | $630 | $630 | $630 | $630 | $630 | $630 | $630 | $630 | $630 | $630 | $630 | $630 | |
| Cheryl - Design Consultant | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | |
| Pharis - Design Consultant | $260 | $260 | $260 | $260 | $260 | $260 | $260 | $260 | $260 | $260 | $260 | $260 | |
| Doug - Online Marketing Implementation | $200 | $200 | $300 | $350 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal | $1,690 | $1,690 | $1,790 | $1,840 | $1,690 | $1,690 | $1,690 | $1,690 | $1,690 | $1,690 | $1,690 | $1,690 | |
| General and Administrative Personnel | |||||||||||||
| Judy - Owner (Draw against LLC) | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | |
| Julie - Manager | $840 | $800 | $860 | $860 | $860 | $900 | $900 | $900 | $880 | $880 | $880 | $840 | |
| Robin - Bookkeeper | $120 | $120 | $120 | $120 | $120 | $120 | $120 | $120 | $120 | $120 | $120 | $120 | |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal | $2,960 | $2,920 | $2,980 | $2,980 | $2,980 | $3,020 | $3,020 | $3,020 | $3,000 | $3,000 | $3,000 | $2,960 | |
| Other Personnel | |||||||||||||
| Name or title | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Name or title | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Name or title | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total People | 7 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | |
| Total Payroll | $4,910 | $4,870 | $5,530 | $5,880 | $5,770 | $5,852 | $5,936 | $5,982 | $6,011 | $6,062 | $6,116 | $6,132 | |
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Market Research
| Sales Forecast | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Sales | |||||||||||||
| Direct Retail Sales | 0% | $36,400 | $25,000 | $28,000 | $30,000 | $34,000 | $29,200 | $22,000 | $23,000 | $24,000 | $32,000 | $28,000 | $24,000 |
| Consignment Sales | 0% | $1,000 | $800 | $1,000 | $1,200 | $1,200 | $1,000 | $900 | $900 | $1,000 | $1,200 | $1,300 | $1,000 |
| Sub-lease Revenue | 0% | $405 | $405 | $525 | $405 | $405 | $525 | $405 | $405 | $525 | $405 | $405 | $525 |
| eBay Sales-Fabric | 0% | $3,900 | $4,875 | $5,525 | $5,850 | $7,150 | $8,125 | $9,425 | $10,725 | $11,050 | $11,375 | $11,700 | $12,025 |
| eBay Sales-Products | 0% | $250 | $375 | $500 | $700 | $875 | $1,000 | $1,075 | $1,125 | $1,200 | $1,250 | $1,325 | $1,375 |
| eBay Shipping and Handling | 0% | $700 | $900 | $1,050 | $1,180 | $1,450 | $1,650 | $1,880 | $2,100 | $2,180 | $2,250 | $2,330 | $2,400 |
| Other | 0% | $240 | $260 | $280 | $300 | $320 | $340 | $360 | $380 | $400 | $420 | $440 | $400 |
| Total Sales | $42,895 | $32,615 | $36,880 | $39,635 | $45,400 | $41,840 | $36,045 | $38,635 | $40,355 | $48,900 | $45,500 | $41,725 | |
| Direct Cost of Sales | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
| Direct Retail Sales | $16,380 | $11,250 | $12,600 | $13,500 | $15,300 | $13,140 | $9,900 | $10,350 | $10,800 | $14,400 | $12,600 | $10,800 | |
| Consignment Sales | $30 | $24 | $30 | $36 | $36 | $30 | $27 | $27 | $30 | $36 | $39 | $30 | |
| Sub-lease Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| eBay Sales-Fabric | $1,950 | $2,438 | $2,763 | $2,925 | $3,575 | $4,063 | $4,713 | $5,363 | $5,525 | $5,688 | $5,850 | $6,013 | |
| eBay Sales-Products | $125 | $188 | $250 | $350 | $438 | $500 | $538 | $563 | $600 | $625 | $683 | $688 | |
| Shipping and Handling | $525 | $675 | $788 | $885 | $1,088 | $1,238 | $1,410 | $1,575 | $1,635 | $1,688 | $1,748 | $1,800 | |
| Other | $120 | $130 | $140 | $150 | $160 | $170 | $180 | $190 | $200 | $210 | $220 | $200 | |
| Subtotal Direct Cost of Sales | $19,130 | $14,705 | $16,571 | $17,846 | $20,597 | $19,141 | $16,768 | $18,068 | $18,790 | $22,647 | $21,140 | $19,531 | |
| General Assumptions | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
| Current Interest Rate | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | 9.50% | |
| Long-term Interest Rate | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | |
| Tax Rate | 30.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | 28.00% | |
| Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pro Forma Profit and Loss | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Sales | $42,895 | $32,615 | $36,880 | $39,635 | $45,400 | $41,840 | $36,045 | $38,635 | $40,355 | $48,900 | $45,500 | $41,725 | |
| Direct Cost of Sales | $19,130 | $14,705 | $16,571 | $17,846 | $20,597 | $19,141 | $16,768 | $18,068 | $18,790 | $22,647 | $21,140 | $19,531 | |
| Production Payroll | $260 | $260 | $760 | $1,060 | $1,100 | $1,142 | $1,226 | $1,272 | $1,321 | $1,372 | $1,426 | $1,482 | |
| Final Value Fees | 8.00% | $388 | $492 | $566 | $618 | $758 | $862 | $990 | $1,116 | $1,154 | $1,190 | $1,228 | $1,264 |
| Item Fees | $0.04 | $194 | $246 | $283 | $309 | $379 | $431 | $495 | $558 | $577 | $595 | $614 | $632 |
| PayPal Fees | 2.90% | $141 | $178 | $205 | $224 | $275 | $312 | $359 | $405 | $418 | $431 | $445 | $458 |
| Other | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | |
| Total Cost of Sales | $20,613 | $16,381 | $18,885 | $20,557 | $23,609 | $22,388 | $20,338 | $21,919 | $22,760 | $26,735 | $25,353 | $23,867 | |
| Gross Margin | $22,282 | $16,234 | $17,995 | $19,078 | $21,791 | $19,452 | $15,707 | $16,716 | $17,595 | $22,165 | $20,147 | $17,858 | |
| Gross Margin % | 51.95% | 49.77% | 48.79% | 48.13% | 48.00% | 46.49% | 43.58% | 43.27% | 43.60% | 45.33% | 44.28% | 42.80% | |
| Operating Expenses | |||||||||||||
| Sales and Marketing Expenses | |||||||||||||
| Sales and Marketing Payroll | $1,690 | $1,690 | $1,790 | $1,840 | $1,690 | $1,690 | $1,690 | $1,690 | $1,690 | $1,690 | $1,690 | $1,690 | |
| Advertising/Promotion | $250 | $2,150 | $750 | $750 | $1,950 | $750 | $750 | $750 | $1,950 | $750 | $750 | $750 | |
| Travel | $0 | $0 | $1,250 | $0 | $0 | $0 | $0 | $0 | $0 | $900 | $800 | $100 | |
| Online Ramp-up Marketing | $1,000 | $1,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| eBay Promotion | $100 | $100 | $150 | $200 | $100 | $100 | $100 | $150 | $150 | $200 | $200 | $150 | |
| Miscellaneous | $340 | $220 | $220 | $340 | $220 | $220 | $340 | $220 | $220 | $340 | $220 | $220 | |
| Total Sales and Marketing Expenses | $3,380 | $5,160 | $4,160 | $3,130 | $3,960 | $2,760 | $2,880 | $2,810 | $4,010 | $3,880 | $3,660 | $2,910 | |
| Sales and Marketing % | 7.88% | 15.82% | 11.28% | 7.90% | 8.72% | 6.60% | 7.99% | 7.27% | 9.94% | 7.93% | 8.04% | 6.97% | |
| General and Administrative Expenses | |||||||||||||
| General and Administrative Payroll | $2,960 | $2,920 | $2,980 | $2,980 | $2,980 | $3,020 | $3,020 | $3,020 | $3,000 | $3,000 | $3,000 | $2,960 | |
| Sales and Marketing and Other Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Depreciation | $195 | $195 | $195 | $195 | $195 | $195 | $195 | $195 | $195 | $195 | $195 | $5 | |
| eBay Store Fees | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | |
| Internet Access/Wesite Hosting | $65 | $65 | $65 | $65 | $65 | $65 | $65 | $65 | $65 | $65 | $65 | $65 | |
| Leased Equipment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Utilities | $240 | $235 | $230 | $225 | $220 | $215 | $215 | $215 | $220 | $225 | $230 | $235 | |
| Insurance | $212 | $212 | $212 | $212 | $212 | $212 | $212 | $212 | $212 | $212 | $212 | $212 | |
| Rent | $2,848 | $2,848 | $2,848 | $2,848 | $2,848 | $2,848 | $2,848 | $2,848 | $2,848 | $2,848 | $2,848 | $2,848 | |
| Payroll Taxes | 15% | $668 | $662 | $671 | $671 | $671 | $677 | $677 | $677 | $674 | $674 | $674 | $668 |
| Legal Fees for eBay Store Start-up | $1,500 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other General and Administrative Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total General and Administrative Expenses | $8,738 | $7,187 | $7,251 | $7,246 | $7,241 | $7,282 | $7,282 | $7,282 | $7,264 | $7,269 | $7,274 | $7,043 | |
| General and Administrative % | 20.37% | 22.03% | 19.66% | 18.28% | 15.95% | 17.40% | 20.20% | 18.85% | 18.00% | 14.86% | 15.99% | 16.88% | |
| Other Expenses: | |||||||||||||
| Other Payroll | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Consultants - Website Design | $1,000 | $1,000 | $500 | $0 | $0 | $1,000 | $0 | $0 | $1,000 | $0 | $0 | $500 | |
| Contract/Consultants | $36 | $36 | $36 | $816 | $36 | $36 | $36 | $36 | $36 | $36 | $36 | $36 | |
| Total Other Expenses | $1,036 | $1,036 | $536 | $816 | $36 | $1,036 | $36 | $36 | $1,036 | $36 | $36 | $536 | |
| Other % | 2.42% | 3.18% | 1.45% | 2.06% | 0.08% | 2.48% | 0.10% | 0.09% | 2.57% | 0.07% | 0.08% | 1.28% | |
| Total Operating Expenses | $13,154 | $13,383 | $11,947 | $11,192 | $11,237 | $11,078 | $10,198 | $10,128 | $12,310 | $11,185 | $10,970 | $10,489 | |
| Profit Before Interest and Taxes | $9,129 | $2,852 | $6,049 | $7,887 | $10,555 | $8,375 | $5,510 | $6,589 | $5,286 | $10,981 | $9,178 | $7,370 | |
| EBITDA | $9,324 | $3,047 | $6,244 | $8,082 | $10,750 | $8,570 | $5,705 | $6,784 | $5,481 | $11,176 | $9,373 | $7,375 | |
| Interest Expense | $178 | $182 | $186 | $190 | $195 | $199 | $203 | $207 | $211 | $215 | $219 | $223 | |
| Taxes Incurred | $2,685 | $747 | $1,641 | $2,155 | $2,901 | $2,289 | $1,486 | $1,787 | $1,421 | $3,014 | $2,508 | $2,001 | |
| Net Profit | $6,265 | $1,922 | $4,221 | $5,541 | $7,459 | $5,887 | $3,821 | $4,595 | $3,654 | $7,751 | $6,450 | $5,145 | |
| Net Profit/Sales | 14.61% | 5.89% | 11.44% | 13.98% | 16.43% | 14.07% | 10.60% | 11.89% | 9.05% | 15.85% | 14.18% | 12.33% | |
| Pro Forma Cash Flow | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Cash Received | |||||||||||||
| Cash from Operations | |||||||||||||
| Cash Sales | $42,895 | $32,615 | $36,880 | $39,635 | $45,400 | $41,840 | $36,045 | $38,635 | $40,355 | $48,900 | $45,500 | $41,725 | |
| Subtotal Cash from Operations | $42,895 | $32,615 | $36,880 | $39,635 | $45,400 | $41,840 | $36,045 | $38,635 | $40,355 | $48,900 | $45,500 | $41,725 | |
| 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 | $1,214 | $1,214 | $1,214 | $1,214 | $1,214 | $1,214 | $1,214 | $1,214 | $1,214 | $1,214 | $1,214 | $1,214 | |
| New Other Liabilities (interest-free) | $102 | $102 | $102 | $102 | $102 | $102 | $102 | $102 | $102 | $102 | $102 | $102 | |
| 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 | $59,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Received | $103,211 | $33,931 | $38,196 | $40,951 | $46,716 | $43,156 | $37,361 | $39,951 | $41,671 | $50,216 | $46,816 | $43,041 | |
| Expenditures | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
| Expenditures from Operations | |||||||||||||
| Cash Spending | $4,910 | $4,870 | $5,530 | $5,880 | $5,770 | $5,852 | $5,936 | $5,982 | $6,011 | $6,062 | $6,116 | $6,132 | |
| Bill Payments | $8,530 | $15,729 | $10,905 | $10,357 | $10,213 | $11,358 | $10,717 | $9,587 | $17,657 | $31,468 | $38,498 | $31,152 | |
| Subtotal Spent on Operations | $13,440 | $20,599 | $16,435 | $16,237 | $15,983 | $17,210 | $16,653 | $15,569 | $23,668 | $37,530 | $44,614 | $37,284 | |
| 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 | $700 | $700 | $700 | $700 | $700 | $700 | $700 | $700 | $700 | $700 | $700 | $700 | |
| 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 | $7,500 | $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 | $21,640 | $21,299 | $17,135 | $16,937 | $16,683 | $17,910 | $17,353 | $16,269 | $24,368 | $38,230 | $45,314 | $37,984 | |
| Net Cash Flow | $81,571 | $12,632 | $21,061 | $24,014 | $30,033 | $25,246 | $20,008 | $23,682 | $17,303 | $11,986 | $1,502 | $5,057 | |
| Cash Balance | $82,771 | $95,403 | $116,465 | $140,479 | $170,512 | $195,757 | $215,765 | $239,447 | $256,750 | $268,736 | $270,238 | $275,295 | |
| Pro Forma Balance Sheet | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Assets | Starting Balances | ||||||||||||
| Current Assets | |||||||||||||
| Cash | $1,200 | $82,771 | $95,403 | $116,465 | $140,479 | $170,512 | $195,757 | $215,765 | $239,447 | $256,750 | $268,736 | $270,238 | $275,295 |
| Inventory | $150,000 | $134,370 | $119,665 | $103,094 | $85,248 | $64,651 | $45,510 | $28,742 | $18,068 | $18,790 | $22,647 | $21,140 | $19,531 |
| Other Current Assets | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 | $2,300 |
| Total Current Assets | $153,500 | $219,441 | $217,368 | $221,859 | $228,027 | $237,463 | $243,567 | $246,807 | $259,815 | $277,840 | $293,683 | $293,678 | $297,126 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $4,200 | $11,700 | $11,700 | $11,700 | $11,700 | $11,700 | $11,700 | $11,700 | $11,700 | $11,700 | $11,700 | $11,700 | $11,700 |
| Accumulated Depreciation | $2,050 | $2,245 | $2,440 | $2,635 | $2,830 | $3,025 | $3,220 | $3,415 | $3,610 | $3,805 | $4,000 | $4,195 | $4,200 |
| Total Long-term Assets | $2,150 | $9,455 | $9,260 | $9,065 | $8,870 | $8,675 | $8,480 | $8,285 | $8,090 | $7,895 | $7,700 | $7,505 | $7,500 |
| Total Assets | $155,650 | $228,896 | $226,628 | $230,924 | $236,897 | $246,138 | $252,047 | $255,092 | $267,905 | $285,735 | $301,383 | $301,183 | $304,626 |
| Liabilities and Capital | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
| Current Liabilities | |||||||||||||
| Accounts Payable | $8,000 | $15,365 | $10,559 | $10,018 | $9,834 | $11,000 | $10,406 | $9,014 | $16,616 | $30,177 | $37,457 | $30,191 | $27,872 |
| Current Borrowing | $22,000 | $22,514 | $23,028 | $23,542 | $24,056 | $24,570 | $25,084 | $25,598 | $26,112 | $26,626 | $27,140 | $27,654 | $28,168 |
| Other Current Liabilities | $1,150 | $1,252 | $1,354 | $1,456 | $1,558 | $1,660 | $1,762 | $1,864 | $1,966 | $2,068 | $2,170 | $2,272 | $2,374 |
| Subtotal Current Liabilities | $31,150 | $39,131 | $34,941 | $35,016 | $35,448 | $37,230 | $37,252 | $36,476 | $44,694 | $58,871 | $66,767 | $60,117 | $58,414 |
| Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $31,150 | $39,131 | $34,941 | $35,016 | $35,448 | $37,230 | $37,252 | $36,476 | $44,694 | $58,871 | $66,767 | $60,117 | $58,414 |
| Paid-in Capital | $0 | $59,000 | $59,000 | $59,000 | $59,000 | $59,000 | $59,000 | $59,000 | $59,000 | $59,000 | $59,000 | $59,000 | $59,000 |
| Retained Earnings | $112,500 | $124,500 | $124,500 | $124,500 | $124,500 | $124,500 | $124,500 | $124,500 | $124,500 | $124,500 | $124,500 | $124,500 | $124,500 |
| Earnings | $12,000 | $6,265 | $8,187 | $12,408 | $17,949 | $25,408 | $31,295 | $35,116 | $39,711 | $43,364 | $51,116 | $57,566 | $62,711 |
| Total Capital | $124,500 | $189,765 | $191,687 | $195,908 | $201,449 | $208,908 | $214,795 | $218,616 | $223,211 | $226,864 | $234,616 | $241,066 | $246,211 |
| Total Liabilities and Capital | $155,650 | $228,896 | $226,628 | $230,924 | $236,897 | $246,138 | $252,047 | $255,092 | $267,905 | $285,735 | $301,383 | $301,183 | $304,626 |
| Net Worth | $124,500 | $189,765 | $191,687 | $195,908 | $201,449 | $208,908 | $214,795 | $218,616 | $223,211 | $226,864 | $234,616 | $241,066 | $246,211 |
| Personnel Plan | |||||||||||||
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ||
| Production Personnel | |||||||||||||
| Pharis - Sales Fulfillment | $260 | $260 | $260 | $260 | $260 | $260 | $300 | $300 | $300 | $300 | $300 | $300 | |
| eBay Shipper - Sales Fulfillment | $0 | $0 | $500 | $800 | $840 | $882 | $926 | $972 | $1,021 | $1,072 | $1,126 | $1,182 | |
| Name or Title | $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 | $260 | $260 | $760 | $1,060 | $1,100 | $1,142 | $1,226 | $1,272 | $1,321 | $1,372 | $1,426 | $1,482 | |
| Sales and Marketing Personnel | |||||||||||||
| Kandi - Design Consultant | $630 | $630 | $630 | $630 | $630 | $630 | $630 | $630 | $630 | $630 | $630 | $630 | |
| Cheryl - Design Consultant | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | |
| Pharis - Design Consultant | $260 | $260 | $260 | $260 | $260 | $260 | $260 | $260 | $260 | $260 | $260 | $260 | |
| Doug - Online Marketing Implementation | $200 | $200 | $300 | $350 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal | $1,690 | $1,690 | $1,790 | $1,840 | $1,690 | $1,690 | $1,690 | $1,690 | $1,690 | $1,690 | $1,690 | $1,690 | |
| General and Administrative Personnel | |||||||||||||
| Judy - Owner (Draw against LLC) | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | |
| Julie - Manager | $840 | $800 | $860 | $860 | $860 | $900 | $900 | $900 | $880 | $880 | $880 | $840 | |
| Robin - Bookkeeper | $120 | $120 | $120 | $120 | $120 | $120 | $120 | $120 | $120 | $120 | $120 | $120 | |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal | $2,960 | $2,920 | $2,980 | $2,980 | $2,980 | $3,020 | $3,020 | $3,020 | $3,000 | $3,000 | $3,000 | $2,960 | |
| Other Personnel | |||||||||||||
| Name or title | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Name or title | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Name or title | $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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total People | 7 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | |
| Total Payroll | $4,910 | $4,870 | $5,530 | $5,880 | $5,770 | $5,852 | $5,936 | $5,982 | $6,011 | $6,062 | $6,116 | $6,132 | |
