Steak Restaurant Business Plan
Fire Fountain Grille
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 | |||||||||||||
| Food | 0% | $0 | $0 | $0 | $0 | $0 | $163,188 | $144,048 | $154,627 | $135,464 | $138,591 | $138,591 | $183,844 |
| Beverage | 0% | $0 | $0 | $0 | $0 | $0 | $7,582 | $6,903 | $7,155 | $4,956 | $5,133 | $5,133 | $6,726 |
| Liquor | 0% | $0 | $0 | $0 | $0 | $0 | $9,127 | $7,911 | $8,439 | $7,764 | $7,955 | $7,955 | $10,739 |
| Beer | 0% | $0 | $0 | $0 | $0 | $0 | $12,677 | $11,646 | $12,517 | $10,308 | $11,018 | $11,018 | $14,617 |
| Wine | 0% | $0 | $0 | $0 | $0 | $0 | $8,024 | $6,460 | $6,060 | $6,707 | $8,401 | $8,401 | $8,272 |
| Total Sales | $0 | $0 | $0 | $0 | $0 | $200,598 | $176,968 | $188,798 | $165,199 | $171,098 | $171,098 | $224,198 | |
| 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 | |
| Food | $0 | $0 | $0 | $0 | $0 | $59,500 | $52,500 | $56,000 | $47,600 | $47,850 | $46,400 | $49,856 | |
| Beverage | $0 | $0 | $0 | $0 | $0 | $514 | $468 | $485 | $336 | $348 | $348 | $456 | |
| Liquor | $0 | $0 | $0 | $0 | $0 | $1,315 | $1,139 | $1,215 | $1,052 | $1,011 | $943 | $1,274 | |
| Beer | $0 | $0 | $0 | $0 | $0 | $2,471 | $2,270 | $2,439 | $1,921 | $2,054 | $1,960 | $2,601 | |
| Wine | $0 | $0 | $0 | $0 | $0 | $1,566 | $1,478 | $1,386 | $1,477 | $1,780 | $1,566 | $1,542 | |
| Subtotal Direct Cost of Sales | $0 | $0 | $0 | $0 | $0 | $65,366 | $57,855 | $61,525 | $52,386 | $53,043 | $51,217 | $55,729 | |
| 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 | ||
| Production Personnel | |||||||||||||
| Assistant Chef | $0 | $0 | $0 | $0 | $0 | $300 | $240 | $240 | $240 | $240 | $240 | $250 | |
| Lead Cook/Grill | $0 | $0 | $0 | $0 | $0 | $1,700 | $1,440 | $1,440 | $1,440 | $1,440 | $1,440 | $1,440 | |
| Grill Two | $0 | $0 | $0 | $0 | $0 | $700 | $580 | $580 | $580 | $580 | $580 | $580 | |
| Broiler Cook One | $0 | $0 | $0 | $0 | $0 | $1,600 | $1,440 | $1,440 | $1,440 | $1,440 | $1,440 | $1,440 | |
| Broiler Cook Two | $0 | $0 | $0 | $0 | $0 | $700 | $580 | $580 | $580 | $580 | $580 | $580 | |
| Fry Cook One | $0 | $0 | $0 | $0 | $0 | $1,400 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | |
| Fry Cook Two | $0 | $0 | $0 | $0 | $0 | $700 | $600 | $600 | $600 | $600 | $600 | $600 | |
| Wheel Man One | $0 | $0 | $0 | $0 | $0 | $700 | $600 | $600 | $600 | $600 | $600 | $600 | |
| Wheel Man Two | $0 | $0 | $0 | $0 | $0 | $500 | $380 | $380 | $380 | $380 | $380 | $380 | |
| Salad Cook One | $0 | $0 | $0 | $0 | $0 | $1,400 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | |
| Salad Cook Two | $0 | $0 | $0 | $0 | $0 | $700 | $600 | $600 | $600 | $600 | $600 | $600 | |
| Prep Cook One | $0 | $0 | $0 | $0 | $0 | $1,300 | $1,160 | $1,160 | $1,160 | $1,160 | $1,160 | $1,160 | |
| Prep Cook Two | $0 | $0 | $0 | $0 | $0 | $1,300 | $1,160 | $1,160 | $1,160 | $1,160 | $1,160 | $1,160 | |
| Prep Cook Three | $0 | $0 | $0 | $0 | $0 | $1,300 | $1,160 | $1,160 | $1,160 | $1,160 | $1,160 | $1,160 | |
| Dish One | $0 | $0 | $0 | $0 | $0 | $1,200 | $1,040 | $1,040 | $1,040 | $1,040 | $1,040 | $1,040 | |
| Dish Two | $0 | $0 | $0 | $0 | $0 | $750 | $600 | $600 | $600 | $600 | $600 | $600 | |
| Subtotal | $0 | $0 | $0 | $0 | $0 | $16,250 | $13,980 | $13,980 | $13,980 | $13,980 | $13,980 | $13,990 | |
| Sales and Marketing Personnel | |||||||||||||
| One (1) Floor Supervisor | $0 | $0 | $0 | $0 | $0 | $300 | $280 | $280 | $280 | $280 | $280 | $280 | |
| One (1) Window Expediter | $0 | $0 | $0 | $0 | $0 | $500 | $480 | $480 | $480 | $480 | $480 | $480 | |
| Ten (10) Full-time Servers | $0 | $0 | $0 | $0 | $0 | $4,260 | $3,834 | $3,834 | $3,834 | $3,834 | $3,834 | $3,834 | |
| Ten (10) Part-time Servers | $0 | $0 | $0 | $0 | $0 | $2,130 | $1,917 | $1,917 | $1,917 | $1,917 | $1,917 | $1,917 | |
| Four (4) Full-time Bartenders | $0 | $0 | $0 | $0 | $0 | $2,500 | $2,240 | $2,240 | $2,240 | $2,240 | $2,240 | $2,240 | |
| Two (2) Full-time Hostesses | $0 | $0 | $0 | $0 | $0 | $800 | $720 | $720 | $720 | $720 | $720 | $720 | |
| Three (3) Part-time Hostesses | $0 | $0 | $0 | $0 | $0 | $400 | $360 | $360 | $360 | $360 | $360 | $360 | |
| Four (4) Bussers | $0 | $0 | $0 | $0 | $0 | $400 | $350 | $350 | $350 | $350 | $350 | $350 | |
| Food Runner | $0 | $0 | $0 | $0 | $0 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | |
| Subtotal | $0 | $0 | $0 | $0 | $0 | $11,790 | $10,681 | $10,681 | $10,681 | $10,681 | $10,681 | $10,681 | |
| General and Administrative Personnel | |||||||||||||
| Managing Partner 1 | $0 | $0 | $0 | $0 | $0 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | |
| Managing Partner 2 | $0 | $0 | $0 | $0 | $0 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | |
| Managing Partner 3 | $0 | $0 | $0 | $0 | $0 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | |
| Managing Partner 4 | $0 | $0 | $0 | $0 | $0 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | |
| Bookkeeper | $0 | $0 | $0 | $0 | $0 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | |
| Subtotal | $0 | $0 | $0 | $0 | $0 | $11,600 | $11,600 | $11,600 | $11,600 | $11,600 | $11,600 | $11,600 | |
| Other Personnel | |||||||||||||
| Event by Event Basis TBD | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Event by Event Basis TBD | $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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Total Payroll | $0 | $0 | $0 | $0 | $0 | $39,640 | $36,261 | $36,261 | $36,261 | $36,261 | $36,261 | $36,271 | |
| 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 | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | |
| Long-term Interest Rate | 11.00% | 11.00% | 11.00% | 11.00% | 11.00% | 11.00% | 11.00% | 11.00% | 11.00% | 11.00% | 11.00% | 11.00% | |
| Tax Rate | 30.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | |
| 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 | $0 | $0 | $200,598 | $176,968 | $188,798 | $165,199 | $171,098 | $171,098 | $224,198 | |
| Direct Cost of Sales | $0 | $0 | $0 | $0 | $0 | $65,366 | $57,855 | $61,525 | $52,386 | $53,043 | $51,217 | $55,729 | |
| Production Payroll | $0 | $0 | $0 | $0 | $0 | $16,250 | $13,980 | $13,980 | $13,980 | $13,980 | $13,980 | $13,990 | |
| Other Costs of Goods | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Cost of Sales | $0 | $0 | $0 | $0 | $0 | $81,616 | $71,835 | $75,505 | $66,366 | $67,023 | $65,197 | $69,719 | |
| Gross Margin | $0 | $0 | $0 | $0 | $0 | $118,982 | $105,133 | $113,293 | $98,833 | $104,075 | $105,901 | $154,479 | |
| Gross Margin % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 59.31% | 59.41% | 60.01% | 59.83% | 60.83% | 61.89% | 68.90% | |
| Operating Expenses | |||||||||||||
| Sales and Marketing Expenses | |||||||||||||
| Sales and Marketing Payroll | $0 | $0 | $0 | $0 | $0 | $11,790 | $10,681 | $10,681 | $10,681 | $10,681 | $10,681 | $10,681 | |
| Operating Supplies | $0 | $0 | $0 | $0 | $0 | $2,000 | $1,760 | $1,890 | $1,650 | $1,720 | $1,720 | $2,200 | |
| Janitorial | $0 | $0 | $0 | $0 | $0 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | |
| Repairs | $0 | $0 | $0 | $0 | $0 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | |
| Aprons, Towels & Napkins | $0 | $0 | $0 | $0 | $0 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | |
| Menus | $0 | $0 | $0 | $0 | $0 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | |
| Miscellaneous Supplies | $0 | $0 | $0 | $0 | $0 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | |
| Miscellaneous Purchases | $0 | $0 | $0 | $0 | $0 | $50,000 | $250 | $250 | $250 | $250 | $250 | $250 | |
| Complimentary Meals or Drinks For PR | $0 | $0 | $0 | $0 | $0 | $750 | $750 | $750 | $750 | $750 | $750 | $750 | |
| Advertising/Promotion | $0 | $0 | $0 | $0 | $0 | $500 | $500 | $500 | $500 | $500 | $0 | $500 | |
| Credit Card Charges | $0 | $0 | $0 | $0 | $0 | $1,760 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | |
| Fraud Credit Cards/Checks | $0 | $0 | $0 | $0 | $0 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | |
| Professional Fees | $0 | $0 | $0 | $0 | $0 | $250 | $250 | $250 | $0 | $0 | $0 | $250 | |
| Membership Fees | $0 | $0 | $0 | $0 | $0 | $75 | $75 | $75 | $75 | $75 | $75 | $75 | |
| Uniforms | $0 | $0 | $0 | $0 | $0 | $150 | $150 | $150 | $0 | $0 | $0 | $150 | |
| Travel | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Employee Discounts | $0 | $0 | $0 | $0 | $0 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | |
| Total Sales and Marketing Expenses | $0 | $0 | $0 | $0 | $0 | $71,075 | $19,716 | $19,846 | $19,206 | $19,276 | $18,776 | $20,156 | |
| Sales and Marketing % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 35.43% | 11.14% | 10.51% | 11.63% | 11.27% | 10.97% | 8.99% | |
| General and Administrative Expenses | |||||||||||||
| General and Administrative Payroll | $0 | $0 | $0 | $0 | $0 | $11,600 | $11,600 | $11,600 | $11,600 | $11,600 | $11,600 | $11,600 | |
| Sales and Marketing and Other Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Depreciation | ($100) | ($100) | ($100) | ($100) | ($100) | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | |
| Leased Equipment | $0 | $0 | $0 | $0 | $0 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | |
| Utilities | $0 | $0 | $0 | $0 | $0 | $8,000 | $7,500 | $8,500 | $8,000 | $8,500 | $8,500 | $9,000 | |
| Amortization | $0 | $0 | $0 | $0 | $0 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | |
| Debt Service | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | . | $0 | $25,000 | |
| Insurance | $0 | $0 | $0 | $0 | $0 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | |
| Excess Insurance | $0 | $0 | $0 | $0 | $0 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | |
| Property Taxes | $0 | $0 | $0 | $0 | $0 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | |
| Excess Taxes | $0 | $0 | $0 | $0 | $0 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | |
| Vacation Accrual | $0 | $0 | $0 | $0 | $0 | $350 | $350 | $350 | $350 | $350 | $350 | $350 | |
| Base Rent | $0 | $0 | $0 | $0 | $0 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | |
| Percentage Rent | $0 | $0 | $0 | $0 | $0 | $2,000 | $1,760 | $1,887 | $1,650 | $1,710 | $1,710 | $2,241 | |
| CAM Rent | $0 | $0 | $0 | $0 | $0 | $750 | $750 | $750 | $750 | $750 | $750 | $750 | |
| Payroll Taxes | 10% | $0 | $0 | $0 | $0 | $0 | $3,964 | $3,626 | $3,626 | $3,626 | $3,626 | $3,626 | $3,627 |
| Other General and Administrative Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total General and Administrative Expenses | ($100) | ($100) | ($100) | ($100) | ($100) | $45,314 | $44,236 | $45,363 | $44,626 | $45,186 | $45,186 | $71,218 | |
| General and Administrative % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 22.59% | 25.00% | 24.03% | 27.01% | 26.41% | 26.41% | 31.77% | |
| Other Expenses: | |||||||||||||
| Other Payroll | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Consultants | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Expansion Fund | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10,000 | |
| Total Other Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10,000 | |
| Other % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.46% | |
| Total Operating Expenses | ($100) | ($100) | ($100) | ($100) | ($100) | $116,389 | $63,952 | $65,209 | $63,832 | $64,462 | $63,962 | $101,374 | |
| Profit Before Interest and Taxes | $100 | $100 | $100 | $100 | $100 | $2,593 | $41,181 | $48,084 | $35,001 | $39,613 | $41,939 | $53,105 | |
| EBITDA | $0 | $0 | $0 | $0 | $0 | $4,593 | $43,181 | $50,084 | $37,001 | $41,613 | $43,939 | $55,105 | |
| Interest Expense | $451 | $444 | $436 | $429 | $422 | $414 | $407 | $400 | $392 | $385 | $378 | $370 | |
| Taxes Incurred | ($105) | ($52) | ($50) | ($49) | ($48) | $327 | $6,116 | $7,153 | $5,191 | $5,884 | $6,234 | $7,910 | |
| Net Profit | ($246) | ($292) | ($286) | ($280) | ($273) | $1,852 | $34,658 | $40,532 | $29,417 | $33,344 | $35,327 | $44,824 | |
| Net Profit/Sales | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.92% | 19.58% | 21.47% | 17.81% | 19.49% | 20.65% | 19.99% | |
| 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 | $0 | $0 | $200,598 | $176,968 | $188,798 | $165,199 | $171,098 | $171,098 | $224,198 | |
| Subtotal Cash from Operations | $0 | $0 | $0 | $0 | $0 | $200,598 | $176,968 | $188,798 | $165,199 | $171,098 | $171,098 | $224,198 | |
| 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 | $0 | $0 | $200,598 | $176,968 | $188,798 | $165,199 | $171,098 | $171,098 | $224,198 | |
| 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 | $0 | $0 | $39,640 | $36,261 | $36,261 | $36,261 | $36,261 | $36,261 | $36,271 | |
| Bill Payments | $10,012 | $347 | $392 | $386 | $379 | $7,995 | $224,568 | $96,396 | $113,157 | $87,893 | $100,059 | $97,187 | |
| Subtotal Spent on Operations | $10,012 | $347 | $392 | $386 | $379 | $47,635 | $260,829 | $132,657 | $149,418 | $124,154 | $136,320 | $133,458 | |
| 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 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | |
| 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 | $10,812 | $1,147 | $1,192 | $1,186 | $1,179 | $48,435 | $261,629 | $133,457 | $150,218 | $124,954 | $137,120 | $134,258 | |
| Net Cash Flow | ($10,812) | ($1,147) | ($1,192) | ($1,186) | ($1,179) | $152,163 | ($84,661) | $55,341 | $14,981 | $46,144 | $33,978 | $89,940 | |
| Cash Balance | $569,688 | $568,541 | $567,349 | $566,164 | $564,984 | $717,148 | $632,487 | $687,828 | $702,809 | $748,954 | $782,932 | $872,872 | |
| 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 | $580,500 | $569,688 | $568,541 | $567,349 | $566,164 | $564,984 | $717,148 | $632,487 | $687,828 | $702,809 | $748,954 | $782,932 | $872,872 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $71,903 | $63,641 | $67,678 | $57,625 | $58,347 | $56,339 | $61,302 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $580,500 | $569,688 | $568,541 | $567,349 | $566,164 | $564,984 | $789,050 | $696,127 | $755,506 | $760,434 | $807,301 | $839,271 | $934,174 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 |
| Accumulated Depreciation | $0 | ($100) | ($200) | ($300) | ($400) | ($500) | $1,500 | $3,500 | $5,500 | $7,500 | $9,500 | $11,500 | $13,500 |
| Total Long-term Assets | $65,000 | $65,100 | $65,200 | $65,300 | $65,400 | $65,500 | $63,500 | $61,500 | $59,500 | $57,500 | $55,500 | $53,500 | $51,500 |
| Total Assets | $645,500 | $634,788 | $633,741 | $632,649 | $631,564 | $630,484 | $852,550 | $757,627 | $815,006 | $817,934 | $862,801 | $892,771 | $985,674 |
| 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 | $10,000 | $334 | $379 | $373 | $367 | $361 | $221,375 | $92,594 | $110,241 | $84,552 | $96,875 | $92,318 | $141,197 |
| Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 |
| Subtotal Current Liabilities | $20,000 | $10,334 | $10,379 | $10,373 | $10,367 | $10,361 | $231,375 | $102,594 | $120,241 | $94,552 | $106,875 | $102,318 | $151,197 |
| Long-term Liabilities | $50,000 | $49,200 | $48,400 | $47,600 | $46,800 | $46,000 | $45,200 | $44,400 | $43,600 | $42,800 | $42,000 | $41,200 | $40,400 |
| Total Liabilities | $70,000 | $59,534 | $58,779 | $57,973 | $57,167 | $56,361 | $276,575 | $146,994 | $163,841 | $137,352 | $148,875 | $143,518 | $191,597 |
| Paid-in Capital | $900,000 | $900,000 | $900,000 | $900,000 | $900,000 | $900,000 | $900,000 | $900,000 | $900,000 | $900,000 | $900,000 | $900,000 | $900,000 |
| Retained Earnings | ($324,500) | ($324,500) | ($324,500) | ($324,500) | ($324,500) | ($324,500) | ($324,500) | ($324,500) | ($324,500) | ($324,500) | ($324,500) | ($324,500) | ($324,500) |
| Earnings | $0 | ($246) | ($538) | ($824) | ($1,103) | ($1,377) | $475 | $35,133 | $75,665 | $105,082 | $138,426 | $173,753 | $218,577 |
| Total Capital | $575,500 | $575,254 | $574,962 | $574,676 | $574,397 | $574,123 | $575,975 | $610,633 | $651,165 | $680,582 | $713,926 | $749,253 | $794,077 |
| Total Liabilities and Capital | $645,500 | $634,788 | $633,741 | $632,649 | $631,564 | $630,484 | $852,550 | $757,627 | $815,006 | $817,934 | $862,801 | $892,771 | $985,674 |
| Net Worth | $575,500 | $575,254 | $574,962 | $574,676 | $574,397 | $574,123 | $575,975 | $610,633 | $651,165 | $680,582 | $713,926 | $749,253 | $794,077 |
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Plan Outline
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Categories for this Plan
| 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 | |||||||||||||
| Food | 0% | $0 | $0 | $0 | $0 | $0 | $163,188 | $144,048 | $154,627 | $135,464 | $138,591 | $138,591 | $183,844 |
| Beverage | 0% | $0 | $0 | $0 | $0 | $0 | $7,582 | $6,903 | $7,155 | $4,956 | $5,133 | $5,133 | $6,726 |
| Liquor | 0% | $0 | $0 | $0 | $0 | $0 | $9,127 | $7,911 | $8,439 | $7,764 | $7,955 | $7,955 | $10,739 |
| Beer | 0% | $0 | $0 | $0 | $0 | $0 | $12,677 | $11,646 | $12,517 | $10,308 | $11,018 | $11,018 | $14,617 |
| Wine | 0% | $0 | $0 | $0 | $0 | $0 | $8,024 | $6,460 | $6,060 | $6,707 | $8,401 | $8,401 | $8,272 |
| Total Sales | $0 | $0 | $0 | $0 | $0 | $200,598 | $176,968 | $188,798 | $165,199 | $171,098 | $171,098 | $224,198 | |
| 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 | |
| Food | $0 | $0 | $0 | $0 | $0 | $59,500 | $52,500 | $56,000 | $47,600 | $47,850 | $46,400 | $49,856 | |
| Beverage | $0 | $0 | $0 | $0 | $0 | $514 | $468 | $485 | $336 | $348 | $348 | $456 | |
| Liquor | $0 | $0 | $0 | $0 | $0 | $1,315 | $1,139 | $1,215 | $1,052 | $1,011 | $943 | $1,274 | |
| Beer | $0 | $0 | $0 | $0 | $0 | $2,471 | $2,270 | $2,439 | $1,921 | $2,054 | $1,960 | $2,601 | |
| Wine | $0 | $0 | $0 | $0 | $0 | $1,566 | $1,478 | $1,386 | $1,477 | $1,780 | $1,566 | $1,542 | |
| Subtotal Direct Cost of Sales | $0 | $0 | $0 | $0 | $0 | $65,366 | $57,855 | $61,525 | $52,386 | $53,043 | $51,217 | $55,729 | |
| 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 | ||
| Production Personnel | |||||||||||||
| Assistant Chef | $0 | $0 | $0 | $0 | $0 | $300 | $240 | $240 | $240 | $240 | $240 | $250 | |
| Lead Cook/Grill | $0 | $0 | $0 | $0 | $0 | $1,700 | $1,440 | $1,440 | $1,440 | $1,440 | $1,440 | $1,440 | |
| Grill Two | $0 | $0 | $0 | $0 | $0 | $700 | $580 | $580 | $580 | $580 | $580 | $580 | |
| Broiler Cook One | $0 | $0 | $0 | $0 | $0 | $1,600 | $1,440 | $1,440 | $1,440 | $1,440 | $1,440 | $1,440 | |
| Broiler Cook Two | $0 | $0 | $0 | $0 | $0 | $700 | $580 | $580 | $580 | $580 | $580 | $580 | |
| Fry Cook One | $0 | $0 | $0 | $0 | $0 | $1,400 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | |
| Fry Cook Two | $0 | $0 | $0 | $0 | $0 | $700 | $600 | $600 | $600 | $600 | $600 | $600 | |
| Wheel Man One | $0 | $0 | $0 | $0 | $0 | $700 | $600 | $600 | $600 | $600 | $600 | $600 | |
| Wheel Man Two | $0 | $0 | $0 | $0 | $0 | $500 | $380 | $380 | $380 | $380 | $380 | $380 | |
| Salad Cook One | $0 | $0 | $0 | $0 | $0 | $1,400 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | |
| Salad Cook Two | $0 | $0 | $0 | $0 | $0 | $700 | $600 | $600 | $600 | $600 | $600 | $600 | |
| Prep Cook One | $0 | $0 | $0 | $0 | $0 | $1,300 | $1,160 | $1,160 | $1,160 | $1,160 | $1,160 | $1,160 | |
| Prep Cook Two | $0 | $0 | $0 | $0 | $0 | $1,300 | $1,160 | $1,160 | $1,160 | $1,160 | $1,160 | $1,160 | |
| Prep Cook Three | $0 | $0 | $0 | $0 | $0 | $1,300 | $1,160 | $1,160 | $1,160 | $1,160 | $1,160 | $1,160 | |
| Dish One | $0 | $0 | $0 | $0 | $0 | $1,200 | $1,040 | $1,040 | $1,040 | $1,040 | $1,040 | $1,040 | |
| Dish Two | $0 | $0 | $0 | $0 | $0 | $750 | $600 | $600 | $600 | $600 | $600 | $600 | |
| Subtotal | $0 | $0 | $0 | $0 | $0 | $16,250 | $13,980 | $13,980 | $13,980 | $13,980 | $13,980 | $13,990 | |
| Sales and Marketing Personnel | |||||||||||||
| One (1) Floor Supervisor | $0 | $0 | $0 | $0 | $0 | $300 | $280 | $280 | $280 | $280 | $280 | $280 | |
| One (1) Window Expediter | $0 | $0 | $0 | $0 | $0 | $500 | $480 | $480 | $480 | $480 | $480 | $480 | |
| Ten (10) Full-time Servers | $0 | $0 | $0 | $0 | $0 | $4,260 | $3,834 | $3,834 | $3,834 | $3,834 | $3,834 | $3,834 | |
| Ten (10) Part-time Servers | $0 | $0 | $0 | $0 | $0 | $2,130 | $1,917 | $1,917 | $1,917 | $1,917 | $1,917 | $1,917 | |
| Four (4) Full-time Bartenders | $0 | $0 | $0 | $0 | $0 | $2,500 | $2,240 | $2,240 | $2,240 | $2,240 | $2,240 | $2,240 | |
| Two (2) Full-time Hostesses | $0 | $0 | $0 | $0 | $0 | $800 | $720 | $720 | $720 | $720 | $720 | $720 | |
| Three (3) Part-time Hostesses | $0 | $0 | $0 | $0 | $0 | $400 | $360 | $360 | $360 | $360 | $360 | $360 | |
| Four (4) Bussers | $0 | $0 | $0 | $0 | $0 | $400 | $350 | $350 | $350 | $350 | $350 | $350 | |
| Food Runner | $0 | $0 | $0 | $0 | $0 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | |
| Subtotal | $0 | $0 | $0 | $0 | $0 | $11,790 | $10,681 | $10,681 | $10,681 | $10,681 | $10,681 | $10,681 | |
| General and Administrative Personnel | |||||||||||||
| Managing Partner 1 | $0 | $0 | $0 | $0 | $0 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | |
| Managing Partner 2 | $0 | $0 | $0 | $0 | $0 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | |
| Managing Partner 3 | $0 | $0 | $0 | $0 | $0 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | |
| Managing Partner 4 | $0 | $0 | $0 | $0 | $0 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | |
| Bookkeeper | $0 | $0 | $0 | $0 | $0 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | |
| Subtotal | $0 | $0 | $0 | $0 | $0 | $11,600 | $11,600 | $11,600 | $11,600 | $11,600 | $11,600 | $11,600 | |
| Other Personnel | |||||||||||||
| Event by Event Basis TBD | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Event by Event Basis TBD | $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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Total Payroll | $0 | $0 | $0 | $0 | $0 | $39,640 | $36,261 | $36,261 | $36,261 | $36,261 | $36,261 | $36,271 | |
| 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 | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | 9.00% | |
| Long-term Interest Rate | 11.00% | 11.00% | 11.00% | 11.00% | 11.00% | 11.00% | 11.00% | 11.00% | 11.00% | 11.00% | 11.00% | 11.00% | |
| Tax Rate | 30.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | |
| 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 | $0 | $0 | $200,598 | $176,968 | $188,798 | $165,199 | $171,098 | $171,098 | $224,198 | |
| Direct Cost of Sales | $0 | $0 | $0 | $0 | $0 | $65,366 | $57,855 | $61,525 | $52,386 | $53,043 | $51,217 | $55,729 | |
| Production Payroll | $0 | $0 | $0 | $0 | $0 | $16,250 | $13,980 | $13,980 | $13,980 | $13,980 | $13,980 | $13,990 | |
| Other Costs of Goods | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Cost of Sales | $0 | $0 | $0 | $0 | $0 | $81,616 | $71,835 | $75,505 | $66,366 | $67,023 | $65,197 | $69,719 | |
| Gross Margin | $0 | $0 | $0 | $0 | $0 | $118,982 | $105,133 | $113,293 | $98,833 | $104,075 | $105,901 | $154,479 | |
| Gross Margin % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 59.31% | 59.41% | 60.01% | 59.83% | 60.83% | 61.89% | 68.90% | |
| Operating Expenses | |||||||||||||
| Sales and Marketing Expenses | |||||||||||||
| Sales and Marketing Payroll | $0 | $0 | $0 | $0 | $0 | $11,790 | $10,681 | $10,681 | $10,681 | $10,681 | $10,681 | $10,681 | |
| Operating Supplies | $0 | $0 | $0 | $0 | $0 | $2,000 | $1,760 | $1,890 | $1,650 | $1,720 | $1,720 | $2,200 | |
| Janitorial | $0 | $0 | $0 | $0 | $0 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | |
| Repairs | $0 | $0 | $0 | $0 | $0 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | |
| Aprons, Towels & Napkins | $0 | $0 | $0 | $0 | $0 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | |
| Menus | $0 | $0 | $0 | $0 | $0 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | |
| Miscellaneous Supplies | $0 | $0 | $0 | $0 | $0 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | |
| Miscellaneous Purchases | $0 | $0 | $0 | $0 | $0 | $50,000 | $250 | $250 | $250 | $250 | $250 | $250 | |
| Complimentary Meals or Drinks For PR | $0 | $0 | $0 | $0 | $0 | $750 | $750 | $750 | $750 | $750 | $750 | $750 | |
| Advertising/Promotion | $0 | $0 | $0 | $0 | $0 | $500 | $500 | $500 | $500 | $500 | $0 | $500 | |
| Credit Card Charges | $0 | $0 | $0 | $0 | $0 | $1,760 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | |
| Fraud Credit Cards/Checks | $0 | $0 | $0 | $0 | $0 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | |
| Professional Fees | $0 | $0 | $0 | $0 | $0 | $250 | $250 | $250 | $0 | $0 | $0 | $250 | |
| Membership Fees | $0 | $0 | $0 | $0 | $0 | $75 | $75 | $75 | $75 | $75 | $75 | $75 | |
| Uniforms | $0 | $0 | $0 | $0 | $0 | $150 | $150 | $150 | $0 | $0 | $0 | $150 | |
| Travel | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Employee Discounts | $0 | $0 | $0 | $0 | $0 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | |
| Total Sales and Marketing Expenses | $0 | $0 | $0 | $0 | $0 | $71,075 | $19,716 | $19,846 | $19,206 | $19,276 | $18,776 | $20,156 | |
| Sales and Marketing % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 35.43% | 11.14% | 10.51% | 11.63% | 11.27% | 10.97% | 8.99% | |
| General and Administrative Expenses | |||||||||||||
| General and Administrative Payroll | $0 | $0 | $0 | $0 | $0 | $11,600 | $11,600 | $11,600 | $11,600 | $11,600 | $11,600 | $11,600 | |
| Sales and Marketing and Other Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Depreciation | ($100) | ($100) | ($100) | ($100) | ($100) | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | |
| Leased Equipment | $0 | $0 | $0 | $0 | $0 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | |
| Utilities | $0 | $0 | $0 | $0 | $0 | $8,000 | $7,500 | $8,500 | $8,000 | $8,500 | $8,500 | $9,000 | |
| Amortization | $0 | $0 | $0 | $0 | $0 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | |
| Debt Service | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | . | $0 | $25,000 | |
| Insurance | $0 | $0 | $0 | $0 | $0 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | |
| Excess Insurance | $0 | $0 | $0 | $0 | $0 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | |
| Property Taxes | $0 | $0 | $0 | $0 | $0 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | |
| Excess Taxes | $0 | $0 | $0 | $0 | $0 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | |
| Vacation Accrual | $0 | $0 | $0 | $0 | $0 | $350 | $350 | $350 | $350 | $350 | $350 | $350 | |
| Base Rent | $0 | $0 | $0 | $0 | $0 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | |
| Percentage Rent | $0 | $0 | $0 | $0 | $0 | $2,000 | $1,760 | $1,887 | $1,650 | $1,710 | $1,710 | $2,241 | |
| CAM Rent | $0 | $0 | $0 | $0 | $0 | $750 | $750 | $750 | $750 | $750 | $750 | $750 | |
| Payroll Taxes | 10% | $0 | $0 | $0 | $0 | $0 | $3,964 | $3,626 | $3,626 | $3,626 | $3,626 | $3,626 | $3,627 |
| Other General and Administrative Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total General and Administrative Expenses | ($100) | ($100) | ($100) | ($100) | ($100) | $45,314 | $44,236 | $45,363 | $44,626 | $45,186 | $45,186 | $71,218 | |
| General and Administrative % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 22.59% | 25.00% | 24.03% | 27.01% | 26.41% | 26.41% | 31.77% | |
| Other Expenses: | |||||||||||||
| Other Payroll | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Consultants | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Expansion Fund | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10,000 | |
| Total Other Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10,000 | |
| Other % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.46% | |
| Total Operating Expenses | ($100) | ($100) | ($100) | ($100) | ($100) | $116,389 | $63,952 | $65,209 | $63,832 | $64,462 | $63,962 | $101,374 | |
| Profit Before Interest and Taxes | $100 | $100 | $100 | $100 | $100 | $2,593 | $41,181 | $48,084 | $35,001 | $39,613 | $41,939 | $53,105 | |
| EBITDA | $0 | $0 | $0 | $0 | $0 | $4,593 | $43,181 | $50,084 | $37,001 | $41,613 | $43,939 | $55,105 | |
| Interest Expense | $451 | $444 | $436 | $429 | $422 | $414 | $407 | $400 | $392 | $385 | $378 | $370 | |
| Taxes Incurred | ($105) | ($52) | ($50) | ($49) | ($48) | $327 | $6,116 | $7,153 | $5,191 | $5,884 | $6,234 | $7,910 | |
| Net Profit | ($246) | ($292) | ($286) | ($280) | ($273) | $1,852 | $34,658 | $40,532 | $29,417 | $33,344 | $35,327 | $44,824 | |
| Net Profit/Sales | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.92% | 19.58% | 21.47% | 17.81% | 19.49% | 20.65% | 19.99% | |
| 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 | $0 | $0 | $200,598 | $176,968 | $188,798 | $165,199 | $171,098 | $171,098 | $224,198 | |
| Subtotal Cash from Operations | $0 | $0 | $0 | $0 | $0 | $200,598 | $176,968 | $188,798 | $165,199 | $171,098 | $171,098 | $224,198 | |
| 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 | $0 | $0 | $200,598 | $176,968 | $188,798 | $165,199 | $171,098 | $171,098 | $224,198 | |
| 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 | $0 | $0 | $39,640 | $36,261 | $36,261 | $36,261 | $36,261 | $36,261 | $36,271 | |
| Bill Payments | $10,012 | $347 | $392 | $386 | $379 | $7,995 | $224,568 | $96,396 | $113,157 | $87,893 | $100,059 | $97,187 | |
| Subtotal Spent on Operations | $10,012 | $347 | $392 | $386 | $379 | $47,635 | $260,829 | $132,657 | $149,418 | $124,154 | $136,320 | $133,458 | |
| 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 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | |
| 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 | $10,812 | $1,147 | $1,192 | $1,186 | $1,179 | $48,435 | $261,629 | $133,457 | $150,218 | $124,954 | $137,120 | $134,258 | |
| Net Cash Flow | ($10,812) | ($1,147) | ($1,192) | ($1,186) | ($1,179) | $152,163 | ($84,661) | $55,341 | $14,981 | $46,144 | $33,978 | $89,940 | |
| Cash Balance | $569,688 | $568,541 | $567,349 | $566,164 | $564,984 | $717,148 | $632,487 | $687,828 | $702,809 | $748,954 | $782,932 | $872,872 | |
| 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 | $580,500 | $569,688 | $568,541 | $567,349 | $566,164 | $564,984 | $717,148 | $632,487 | $687,828 | $702,809 | $748,954 | $782,932 | $872,872 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $71,903 | $63,641 | $67,678 | $57,625 | $58,347 | $56,339 | $61,302 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $580,500 | $569,688 | $568,541 | $567,349 | $566,164 | $564,984 | $789,050 | $696,127 | $755,506 | $760,434 | $807,301 | $839,271 | $934,174 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 |
| Accumulated Depreciation | $0 | ($100) | ($200) | ($300) | ($400) | ($500) | $1,500 | $3,500 | $5,500 | $7,500 | $9,500 | $11,500 | $13,500 |
| Total Long-term Assets | $65,000 | $65,100 | $65,200 | $65,300 | $65,400 | $65,500 | $63,500 | $61,500 | $59,500 | $57,500 | $55,500 | $53,500 | $51,500 |
| Total Assets | $645,500 | $634,788 | $633,741 | $632,649 | $631,564 | $630,484 | $852,550 | $757,627 | $815,006 | $817,934 | $862,801 | $892,771 | $985,674 |
| 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 | $10,000 | $334 | $379 | $373 | $367 | $361 | $221,375 | $92,594 | $110,241 | $84,552 | $96,875 | $92,318 | $141,197 |
| Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 |
| Subtotal Current Liabilities | $20,000 | $10,334 | $10,379 | $10,373 | $10,367 | $10,361 | $231,375 | $102,594 | $120,241 | $94,552 | $106,875 | $102,318 | $151,197 |
| Long-term Liabilities | $50,000 | $49,200 | $48,400 | $47,600 | $46,800 | $46,000 | $45,200 | $44,400 | $43,600 | $42,800 | $42,000 | $41,200 | $40,400 |
| Total Liabilities | $70,000 | $59,534 | $58,779 | $57,973 | $57,167 | $56,361 | $276,575 | $146,994 | $163,841 | $137,352 | $148,875 | $143,518 | $191,597 |
| Paid-in Capital | $900,000 | $900,000 | $900,000 | $900,000 | $900,000 | $900,000 | $900,000 | $900,000 | $900,000 | $900,000 | $900,000 | $900,000 | $900,000 |
| Retained Earnings | ($324,500) | ($324,500) | ($324,500) | ($324,500) | ($324,500) | ($324,500) | ($324,500) | ($324,500) | ($324,500) | ($324,500) | ($324,500) | ($324,500) | ($324,500) |
| Earnings | $0 | ($246) | ($538) | ($824) | ($1,103) | ($1,377) | $475 | $35,133 | $75,665 | $105,082 | $138,426 | $173,753 | $218,577 |
| Total Capital | $575,500 | $575,254 | $574,962 | $574,676 | $574,397 | $574,123 | $575,975 | $610,633 | $651,165 | $680,582 | $713,926 | $749,253 | $794,077 |
| Total Liabilities and Capital | $645,500 | $634,788 | $633,741 | $632,649 | $631,564 | $630,484 | $852,550 | $757,627 | $815,006 | $817,934 | $862,801 | $892,771 | $985,674 |
| Net Worth | $575,500 | $575,254 | $574,962 | $574,676 | $574,397 | $574,123 | $575,975 | $610,633 | $651,165 | $680,582 | $713,926 | $749,253 | $794,077 |
