The Art Sentry
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 | |||||||||||||
Residential | 0% | $0 | $410 | $495 | $559 | $900 | $1,241 | $1,276 | $1,423 | $1,490 | $1,684 | $1,824 | $2,025 |
Corporate | 0% | $0 | $546 | $660 | $745 | $1,200 | $1,654 | $1,701 | $1,897 | $1,987 | $2,245 | $2,432 | $2,700 |
Total Sales | $0 | $956 | $1,155 | $1,304 | $2,100 | $2,895 | $2,977 | $3,320 | $3,477 | $3,929 | $4,256 | $4,725 | |
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 | |
Residential | $0 | $20 | $25 | $28 | $45 | $62 | $64 | $71 | $75 | $84 | $91 | $101 | |
Corporate | $0 | $27 | $33 | $37 | $60 | $83 | $85 | $95 | $99 | $112 | $122 | $135 | |
Subtotal Direct Cost of Sales | $0 | $48 | $58 | $65 | $105 | $145 | $149 | $166 | $174 | $196 | $213 | $236 |
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 | ||
Owner | 0% | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 |
Name or Title | 0% | $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 | $0 |
Other | 0% | $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 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 |
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 | $956 | $1,155 | $1,304 | $2,100 | $2,895 | $2,977 | $3,320 | $3,477 | $3,929 | $4,256 | $4,725 | |
Direct Cost of Sales | $0 | $48 | $58 | $65 | $105 | $145 | $149 | $166 | $174 | $196 | $213 | $236 | |
Other Production Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Cost of Sales | $0 | $48 | $58 | $65 | $105 | $145 | $149 | $166 | $174 | $196 | $213 | $236 | |
Gross Margin | $0 | $908 | $1,097 | $1,239 | $1,995 | $2,750 | $2,828 | $3,154 | $3,303 | $3,732 | $4,043 | $4,489 | |
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 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | |
Sales and Marketing and Other Expenses | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | |
Depreciation | $39 | $39 | $39 | $39 | $39 | $39 | $39 | $39 | $39 | $39 | $39 | $39 | |
Leased Equipment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Licenses and Bonding | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | |
Insurance | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | |
Rent | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Payroll Taxes | 15% | $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 | |
Total Operating Expenses | $2,789 | $2,789 | $2,789 | $2,789 | $2,789 | $2,789 | $2,789 | $2,789 | $2,789 | $2,789 | $2,789 | $2,789 | |
Profit Before Interest and Taxes | ($2,789) | ($1,881) | ($1,692) | ($1,550) | ($794) | ($39) | $39 | $365 | $514 | $943 | $1,254 | $1,700 | |
EBITDA | ($2,750) | ($1,842) | ($1,653) | ($1,511) | ($755) | ($0) | $78 | $404 | $553 | $982 | $1,293 | $1,739 | |
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 | ($2,789) | ($1,881) | ($1,692) | ($1,550) | ($794) | ($39) | $39 | $365 | $514 | $943 | $1,254 | $1,700 | |
Net Profit/Sales | 0.00% | -196.89% | -146.47% | -118.92% | -37.81% | -1.36% | 1.31% | 10.99% | 14.79% | 24.01% | 29.47% | 35.97% |
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 | $956 | $1,155 | $1,304 | $2,100 | $2,895 | $2,977 | $3,320 | $3,477 | $3,929 | $4,256 | $4,725 | |
Subtotal Cash from Operations | $0 | $956 | $1,155 | $1,304 | $2,100 | $2,895 | $2,977 | $3,320 | $3,477 | $3,929 | $4,256 | $4,725 | |
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 | $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 | $956 | $1,155 | $1,304 | $2,100 | $2,895 | $2,977 | $3,320 | $3,477 | $3,929 | $4,256 | $4,725 | |
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 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | |
Bill Payments | $8 | $252 | $298 | $308 | $317 | $356 | $395 | $399 | $416 | $425 | $447 | $464 | |
Subtotal Spent on Operations | $2,508 | $2,752 | $2,798 | $2,808 | $2,817 | $2,856 | $2,895 | $2,899 | $2,916 | $2,925 | $2,947 | $2,964 | |
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 | $2,508 | $2,752 | $2,798 | $2,808 | $2,817 | $2,856 | $2,895 | $2,899 | $2,916 | $2,925 | $2,947 | $2,964 | |
Net Cash Flow | ($2,508) | ($1,796) | ($1,643) | ($1,504) | ($717) | $38 | $82 | $420 | $561 | $1,004 | $1,309 | $1,761 | |
Cash Balance | $9,542 | $7,746 | $6,102 | $4,598 | $3,882 | $3,920 | $4,002 | $4,422 | $4,983 | $5,987 | $7,296 | $9,058 |
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 | $12,050 | $9,542 | $7,746 | $6,102 | $4,598 | $3,882 | $3,920 | $4,002 | $4,422 | $4,983 | $5,987 | $7,296 | $9,058 |
Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Current Assets | $12,050 | $9,542 | $7,746 | $6,102 | $4,598 | $3,882 | $3,920 | $4,002 | $4,422 | $4,983 | $5,987 | $7,296 | $9,058 |
Long-term Assets | |||||||||||||
Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Accumulated Depreciation | $0 | $39 | $78 | $117 | $156 | $195 | $234 | $273 | $312 | $351 | $390 | $429 | $468 |
Total Long-term Assets | $0 | ($39) | ($78) | ($117) | ($156) | ($195) | ($234) | ($273) | ($312) | ($351) | ($390) | ($429) | ($468) |
Total Assets | $12,050 | $9,503 | $7,668 | $5,985 | $4,442 | $3,687 | $3,686 | $3,729 | $4,110 | $4,632 | $5,597 | $6,867 | $8,590 |
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 | $242 | $288 | $297 | $305 | $343 | $382 | $386 | $402 | $410 | $432 | $447 | $470 |
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 | $242 | $288 | $297 | $305 | $343 | $382 | $386 | $402 | $410 | $432 | $447 | $470 |
Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Liabilities | $0 | $242 | $288 | $297 | $305 | $343 | $382 | $386 | $402 | $410 | $432 | $447 | $470 |
Paid-in Capital | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 |
Retained Earnings | ($2,950) | ($2,950) | ($2,950) | ($2,950) | ($2,950) | ($2,950) | ($2,950) | ($2,950) | ($2,950) | ($2,950) | ($2,950) | ($2,950) | ($2,950) |
Earnings | $0 | ($2,789) | ($4,670) | ($6,362) | ($7,912) | ($8,706) | ($8,746) | ($8,707) | ($8,342) | ($7,828) | ($6,884) | ($5,630) | ($3,930) |
Total Capital | $12,050 | $9,261 | $7,380 | $5,688 | $4,138 | $3,344 | $3,304 | $3,343 | $3,708 | $4,222 | $5,166 | $6,420 | $8,120 |
Total Liabilities and Capital | $12,050 | $9,503 | $7,668 | $5,985 | $4,442 | $3,687 | $3,686 | $3,729 | $4,110 | $4,632 | $5,597 | $6,867 | $8,590 |
Net Worth | $12,050 | $9,261 | $7,380 | $5,688 | $4,138 | $3,344 | $3,304 | $3,343 | $3,708 | $4,222 | $5,166 | $6,420 | $8,120 |