Velocipede / Snowpede Borrow Bank

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Sports Equipment Rental 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
Tourists 0% $0 $958 $1,025 $4,587 $5,214 $6,457 $7,254 $7,545 $8,974 $8,547 $8,782 $5,701
Locals 0% $0 $1,005 $1,265 $2,547 $3,154 $3,545 $3,245 $3,874 $4,145 $4,212 $4,354 $4,454
Total Sales $0 $1,963 $2,290 $7,134 $8,368 $10,002 $10,499 $11,419 $13,119 $12,759 $13,136 $10,155
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
Tourists $0 $48 $51 $229 $261 $323 $363 $377 $449 $427 $439 $285
Locals $0 $50 $63 $127 $158 $177 $162 $194 $207 $211 $218 $223
Subtotal Direct Cost of Sales $0 $98 $115 $357 $418 $500 $525 $571 $656 $638 $657 $508
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
Dan 0% $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000 $3,000
Full-time employee 0% $0 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500
Full-time employee 0% $0 $0 $0 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $0
Full-time employee 0% $0 $0 $0 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $0
Total People 1 2 2 4 4 4 4 4 4 4 4 2
Total Payroll $3,000 $4,500 $4,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $4,500
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 $1,963 $2,290 $7,134 $8,368 $10,002 $10,499 $11,419 $13,119 $12,759 $13,136 $10,155
Direct Cost of Sales $0 $98 $115 $357 $418 $500 $525 $571 $656 $638 $657 $508
Other Production Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost of Sales $0 $98 $115 $357 $418 $500 $525 $571 $656 $638 $657 $508
Gross Margin $0 $1,865 $2,176 $6,777 $7,950 $9,502 $9,974 $10,848 $12,463 $12,121 $12,479 $9,647
Gross Margin % 0.00% 95.00% 95.00% 95.00% 95.00% 95.00% 95.00% 95.00% 95.00% 95.00% 95.00% 95.00%
Expenses
Payroll $3,000 $4,500 $4,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $4,500
Sales and Marketing and Other Expenses $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350 $350
Depreciation $432 $432 $432 $432 $432 $432 $432 $432 $432 $432 $432 $432
Utilities $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100
Insurance $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200
Rent $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500 $1,500
Payroll Taxes 15% $450 $675 $675 $1,125 $1,125 $1,125 $1,125 $1,125 $1,125 $1,125 $1,125 $675
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Operating Expenses $6,032 $7,757 $7,757 $11,207 $11,207 $11,207 $11,207 $11,207 $11,207 $11,207 $11,207 $7,757
Profit Before Interest and Taxes ($6,032) ($5,892) ($5,582) ($4,430) ($3,257) ($1,705) ($1,233) ($359) $1,256 $914 $1,272 $1,890
EBITDA ($5,600) ($5,460) ($5,150) ($3,998) ($2,825) ($1,273) ($801) $73 $1,688 $1,346 $1,704 $2,322
Interest Expense $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Taxes Incurred $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Net Profit ($6,032) ($5,892) ($5,582) ($4,430) ($3,257) ($1,705) ($1,233) ($359) $1,256 $914 $1,272 $1,890
Net Profit/Sales 0.00% -300.16% -243.73% -62.09% -38.93% -17.05% -11.74% -3.14% 9.57% 7.16% 9.68% 18.61%
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 $1,963 $2,290 $7,134 $8,368 $10,002 $10,499 $11,419 $13,119 $12,759 $13,136 $10,155
Subtotal Cash from Operations $0 $1,963 $2,290 $7,134 $8,368 $10,002 $10,499 $11,419 $13,119 $12,759 $13,136 $10,155
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 $1,963 $2,290 $7,134 $8,368 $10,002 $10,499 $11,419 $13,119 $12,759 $13,136 $10,155
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 $3,000 $4,500 $4,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $4,500
Bill Payments $87 $2,611 $2,924 $2,963 $3,634 $3,696 $3,776 $3,801 $3,849 $3,930 $3,914 $3,912
Subtotal Spent on Operations $3,087 $7,111 $7,424 $10,463 $11,134 $11,196 $11,276 $11,301 $11,349 $11,430 $11,414 $8,412
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 $3,087 $7,111 $7,424 $10,463 $11,134 $11,196 $11,276 $11,301 $11,349 $11,430 $11,414 $8,412
Net Cash Flow ($3,087) ($5,148) ($5,134) ($3,329) ($2,766) ($1,194) ($777) $118 $1,770 $1,329 $1,722 $1,743
Cash Balance $21,813 $16,666 $11,532 $8,203 $5,438 $4,243 $3,466 $3,584 $5,354 $6,683 $8,405 $10,148
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 $24,900 $21,813 $16,666 $11,532 $8,203 $5,438 $4,243 $3,466 $3,584 $5,354 $6,683 $8,405 $10,148
Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Current Assets $24,900 $21,813 $16,666 $11,532 $8,203 $5,438 $4,243 $3,466 $3,584 $5,354 $6,683 $8,405 $10,148
Long-term Assets
Long-term Assets $25,900 $25,900 $25,900 $25,900 $25,900 $25,900 $25,900 $25,900 $25,900 $25,900 $25,900 $25,900 $25,900
Accumulated Depreciation $0 $432 $864 $1,296 $1,728 $2,160 $2,592 $3,024 $3,456 $3,888 $4,320 $4,752 $5,184
Total Long-term Assets $25,900 $25,468 $25,036 $24,604 $24,172 $23,740 $23,308 $22,876 $22,444 $22,012 $21,580 $21,148 $20,716
Total Assets $50,800 $47,281 $41,702 $36,136 $32,375 $29,178 $27,551 $26,342 $26,028 $27,366 $28,263 $29,553 $30,864
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 $2,513 $2,826 $2,842 $3,511 $3,570 $3,649 $3,673 $3,718 $3,800 $3,783 $3,801 $3,222
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 $2,513 $2,826 $2,842 $3,511 $3,570 $3,649 $3,673 $3,718 $3,800 $3,783 $3,801 $3,222
Long-term Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Liabilities $0 $2,513 $2,826 $2,842 $3,511 $3,570 $3,649 $3,673 $3,718 $3,800 $3,783 $3,801 $3,222
Paid-in Capital $52,000 $52,000 $52,000 $52,000 $52,000 $52,000 $52,000 $52,000 $52,000 $52,000 $52,000 $52,000 $52,000
Retained Earnings ($1,200) ($1,200) ($1,200) ($1,200) ($1,200) ($1,200) ($1,200) ($1,200) ($1,200) ($1,200) ($1,200) ($1,200) ($1,200)
Earnings $0 ($6,032) ($11,924) ($17,506) ($21,935) ($25,193) ($26,898) ($28,131) ($28,490) ($27,234) ($26,320) ($25,047) ($23,157)
Total Capital $50,800 $44,768 $38,876 $33,294 $28,865 $25,607 $23,902 $22,669 $22,310 $23,566 $24,480 $25,753 $27,643
Total Liabilities and Capital $50,800 $47,281 $41,702 $36,136 $32,375 $29,178 $27,551 $26,342 $26,028 $27,366 $28,263 $29,553 $30,864
Net Worth $50,800 $44,768 $38,876 $33,294 $28,865 $25,607 $23,902 $22,669 $22,310 $23,566 $24,480 $25,753 $27,643