Garden Way Yoga Center

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Yoga Center 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
Yoga Instruction 0% $0 $0 $7,000 $9,000 $14,000 $16,000 $18,000 $20,000 $15,000 $15,000 $18,000 $20,000
Boutique Sales 0% $0 $0 $3,000 $4,000 $5,000 $6,000 $8,000 $8,000 $6,000 $7,000 $8,000 $9,000
Other 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Sales $0 $0 $10,000 $13,000 $19,000 $22,000 $26,000 $28,000 $21,000 $22,000 $26,000 $29,000
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
Yoga Instruction $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Boutique Sales $0 $0 $1,000 $1,500 $1,750 $2,000 $2,400 $2,400 $2,000 $2,200 $2,400 $2,500
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Direct Cost of Sales $0 $0 $1,000 $1,500 $1,750 $2,000 $2,400 $2,400 $2,000 $2,200 $2,400 $2,500
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
Jill Gordon 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
Teachers (5) 0% $4,500 $4,500 $4,500 $4,500 $4,500 $4,500 $4,500 $4,500 $4,500 $4,500 $4,500 $4,500
Boutique Staff 0% $1,600 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600
Total People 7 7 7 7 7 7 7 7 7 7 7 7
Total Payroll $9,100 $9,100 $9,100 $9,100 $9,100 $9,100 $9,100 $9,100 $9,100 $9,100 $9,100 $9,100
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 $10,000 $13,000 $19,000 $22,000 $26,000 $28,000 $21,000 $22,000 $26,000 $29,000
Direct Cost of Sales $0 $0 $1,000 $1,500 $1,750 $2,000 $2,400 $2,400 $2,000 $2,200 $2,400 $2,500
Other Production Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost of Sales $0 $0 $1,000 $1,500 $1,750 $2,000 $2,400 $2,400 $2,000 $2,200 $2,400 $2,500
Gross Margin $0 $0 $9,000 $11,500 $17,250 $20,000 $23,600 $25,600 $19,000 $19,800 $23,600 $26,500
Gross Margin % 0.00% 0.00% 90.00% 88.46% 90.79% 90.91% 90.77% 91.43% 90.48% 90.00% 90.77% 91.38%
Expenses
Payroll $9,100 $9,100 $9,100 $9,100 $9,100 $9,100 $9,100 $9,100 $9,100 $9,100 $9,100 $9,100
Sales and Marketing and Other Expenses $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000
Depreciation $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200
Utilities $300 $300 $300 $300 $300 $300 $300 $300 $300 $300 $300 $0
Insurance $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200
Payroll Taxes 15% $1,365 $1,365 $1,365 $1,365 $1,365 $1,365 $1,365 $1,365 $1,365 $1,365 $1,365 $1,365
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Operating Expenses $13,165 $13,165 $13,165 $13,165 $13,165 $13,165 $13,165 $13,165 $13,165 $13,165 $13,165 $12,865
Profit Before Interest and Taxes ($13,165) ($13,165) ($4,165) ($1,665) $4,085 $6,835 $10,435 $12,435 $5,835 $6,635 $10,435 $13,635
EBITDA ($12,965) ($12,965) ($3,965) ($1,465) $4,285 $7,035 $10,635 $12,635 $6,035 $6,835 $10,635 $13,835
Interest Expense $663 $660 $656 $652 $649 $645 $642 $638 $634 $631 $627 $624
Taxes Incurred ($4,148) ($4,147) ($1,446) ($695) $1,031 $1,857 $2,938 $3,539 $1,560 $1,801 $2,942 $3,903
Net Profit ($9,680) ($9,677) ($3,375) ($1,622) $2,405 $4,333 $6,855 $8,258 $3,640 $4,203 $6,865 $9,108
Net Profit/Sales 0.00% 0.00% -33.75% -12.48% 12.66% 19.69% 26.37% 29.49% 17.34% 19.10% 26.41% 31.41%
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 $10,000 $13,000 $19,000 $22,000 $26,000 $28,000 $21,000 $22,000 $26,000 $29,000
Subtotal Cash from Operations $0 $0 $10,000 $13,000 $19,000 $22,000 $26,000 $28,000 $21,000 $22,000 $26,000 $29,000
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 $0 $0 $10,000 $13,000 $19,000 $22,000 $26,000 $28,000 $21,000 $22,000 $26,000 $29,000
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 $9,100 $9,100 $9,100 $9,100 $9,100 $9,100 $9,100 $9,100 $9,100 $9,100 $9,100 $9,100
Bill Payments $13 $380 $467 $3,100 $3,880 $5,572 $6,446 $8,792 $10,348 $7,656 $8,762 $10,076
Subtotal Spent on Operations $9,113 $9,480 $9,567 $12,200 $12,980 $14,672 $15,546 $17,892 $19,448 $16,756 $17,862 $19,176
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 $430 $430 $430 $430 $430 $430 $430 $430 $430 $430 $430 $430
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 $9,543 $9,910 $9,997 $12,630 $13,410 $15,102 $15,976 $18,322 $19,878 $17,186 $18,292 $19,606
Net Cash Flow ($9,543) ($9,910) $3 $370 $5,590 $6,898 $10,024 $9,678 $1,122 $4,814 $7,708 $9,394
Cash Balance $57,357 $47,448 $47,451 $47,821 $53,412 $60,310 $70,334 $80,012 $81,134 $85,948 $93,656 $103,050
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 $66,900 $57,357 $47,448 $47,451 $47,821 $53,412 $60,310 $70,334 $80,012 $81,134 $85,948 $93,656 $103,050
Inventory $10,000 $10,000 $10,000 $9,000 $7,500 $5,750 $3,750 $2,640 $2,640 $2,200 $2,420 $2,640 $2,750
Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Current Assets $76,900 $67,357 $57,448 $56,451 $55,321 $59,162 $64,060 $72,974 $82,652 $83,334 $88,368 $96,296 $105,800
Long-term Assets
Long-term Assets $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000 $30,000
Accumulated Depreciation $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 $2,000 $2,200 $2,400
Total Long-term Assets $30,000 $29,800 $29,600 $29,400 $29,200 $29,000 $28,800 $28,600 $28,400 $28,200 $28,000 $27,800 $27,600
Total Assets $106,900 $97,157 $87,048 $85,851 $84,521 $88,162 $92,860 $101,574 $111,052 $111,534 $116,368 $124,096 $133,400
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 $367 $365 $2,972 $3,695 $5,360 $6,155 $8,443 $10,094 $7,366 $8,427 $9,719 $10,345
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 $367 $365 $2,972 $3,695 $5,360 $6,155 $8,443 $10,094 $7,366 $8,427 $9,719 $10,345
Long-term Liabilities $80,000 $79,570 $79,140 $78,710 $78,280 $77,850 $77,420 $76,990 $76,560 $76,130 $75,700 $75,270 $74,840
Total Liabilities $80,000 $79,937 $79,505 $81,682 $81,975 $83,210 $83,575 $85,433 $86,654 $83,496 $84,127 $84,989 $85,185
Paid-in Capital $60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000 $60,000
Retained Earnings ($33,100) ($33,100) ($33,100) ($33,100) ($33,100) ($33,100) ($33,100) ($33,100) ($33,100) ($33,100) ($33,100) ($33,100) ($33,100)
Earnings $0 ($9,680) ($19,357) ($22,731) ($24,354) ($21,948) ($17,615) ($10,760) ($2,502) $1,138 $5,341 $12,207 $21,315
Total Capital $26,900 $17,220 $7,543 $4,169 $2,546 $4,952 $9,285 $16,140 $24,398 $28,038 $32,241 $39,107 $48,215
Total Liabilities and Capital $106,900 $97,157 $87,048 $85,851 $84,521 $88,162 $92,860 $101,574 $111,052 $111,534 $116,368 $124,096 $133,400
Net Worth $26,900 $17,220 $7,543 $4,169 $2,546 $4,952 $9,285 $16,140 $24,398 $28,038 $32,241 $39,107 $48,215