Our biggest savings of the year
NALB Creative Center
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 | |||||||||||||
Painting Supplies | 0% | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 |
Drawing/Illustration | 0% | $200 | $200 | $200 | $200 | $300 | $300 | $200 | $200 | $200 | $200 | $200 | $200 |
Books/Media | 0% | $500 | $500 | $500 | $500 | $1,000 | $1,000 | $500 | $500 | $500 | $500 | $500 | $500 |
Cutting Tools | 0% | $100 | $100 | $100 | $100 | $200 | $200 | $100 | $100 | $100 | $100 | $100 | $100 |
Adhesives | 0% | $100 | $100 | $100 | $100 | $200 | $200 | $100 | $100 | $100 | $100 | $100 | $100 |
Glass | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100 | $150 | $150 | $150 | $200 |
Ceramics | 0% | $300 | $300 | $300 | $300 | $400 | $400 | $300 | $300 | $300 | $300 | $300 | $300 |
Crafts | 0% | $1,500 | $1,500 | $1,500 | $1,500 | $2,000 | $2,000 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 |
Gifts/Studio Environment | 0% | $2,000 | $2,000 | $2,000 | $2,000 | $2,500 | $2,500 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
Print Making | 0% | $350 | $350 | $350 | $350 | $400 | $400 | $350 | $350 | $350 | $350 | $350 | $350 |
Sculpture | 0% | $250 | $250 | $250 | $250 | $300 | $300 | $250 | $250 | $250 | $250 | $250 | $250 |
Portfolios/Transporting | 0% | $200 | $200 | $200 | $200 | $400 | $400 | $200 | $200 | $200 | $200 | $200 | $200 |
Gallery Sales | 0% | $1,000 | $1,000 | $1,000 | $1,000 | $2,000 | $2,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 |
Fabrics/Yarn | 0% | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 |
Equipment | 0% | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 |
Clothing/Accessories | 0% | $200 | $200 | $200 | $200 | $300 | $300 | $200 | $200 | $200 | $200 | $200 | $200 |
Paper/Boards | 0% | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 |
Classes | 0% | $0 | $50 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 |
Canvas/Surfaces | 0% | $7,200 | $7,200 | $7,200 | $7,200 | $7,200 | $7,200 | $7,200 | $7,200 | $7,200 | $7,200 | $7,200 | $7,200 |
Total Sales | $25,700 | $25,750 | $25,800 | $25,800 | $29,100 | $29,100 | $25,800 | $25,900 | $25,950 | $25,950 | $25,950 | $26,000 | |
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 | |
Inventory | 50% | $12,850 | $12,875 | $12,900 | $12,900 | $14,550 | $14,550 | $12,900 | $12,950 | $12,975 | $12,975 | $12,975 | $13,000 |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Direct Cost of Sales | $12,850 | $12,875 | $12,900 | $12,900 | $14,550 | $14,550 | $12,900 | $12,950 | $12,975 | $12,975 | $12,975 | $13,000 |
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 | ||
Owners | 5% | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 |
Other | 5% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Other | 5% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total People | 2 | 2 | 2 | 2 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | |
Total Payroll | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 |
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 | $25,700 | $25,750 | $25,800 | $25,800 | $29,100 | $29,100 | $25,800 | $25,900 | $25,950 | $25,950 | $25,950 | $26,000 | |
Direct Cost of Sales | $12,850 | $12,875 | $12,900 | $12,900 | $14,550 | $14,550 | $12,900 | $12,950 | $12,975 | $12,975 | $12,975 | $13,000 | |
Other Costs of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Cost of Sales | $12,850 | $12,875 | $12,900 | $12,900 | $14,550 | $14,550 | $12,900 | $12,950 | $12,975 | $12,975 | $12,975 | $13,000 | |
Gross Margin | $12,850 | $12,875 | $12,900 | $12,900 | $14,550 | $14,550 | $12,900 | $12,950 | $12,975 | $12,975 | $12,975 | $13,000 | |
Gross Margin % | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | 50.00% | |
Expenses | |||||||||||||
Payroll | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | |
Marketing/Promotion | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | |
Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Rent | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | |
Utilities | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | |
Insurance | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | |
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 | $10,500 | $10,500 | $10,500 | $10,500 | $10,500 | $10,500 | $10,500 | $10,500 | $10,500 | $10,500 | $10,500 | $10,500 | |
Profit Before Interest and Taxes | $2,350 | $2,375 | $2,400 | $2,400 | $4,050 | $4,050 | $2,400 | $2,450 | $2,475 | $2,475 | $2,475 | $2,500 | |
EBITDA | $2,350 | $2,375 | $2,400 | $2,400 | $4,050 | $4,050 | $2,400 | $2,450 | $2,475 | $2,475 | $2,475 | $2,500 | |
Interest Expense | $1,039 | $1,028 | $1,017 | $1,006 | $995 | $984 | $973 | $963 | $952 | $941 | $930 | $919 | |
Taxes Incurred | $393 | $404 | $415 | $418 | $916 | $920 | $428 | $446 | $457 | $460 | $464 | $474 | |
Net Profit | $918 | $943 | $968 | $976 | $2,138 | $2,146 | $999 | $1,041 | $1,066 | $1,074 | $1,082 | $1,107 | |
Net Profit/Sales | 3.57% | 3.66% | 3.75% | 3.78% | 7.35% | 7.37% | 3.87% | 4.02% | 4.11% | 4.14% | 4.17% | 4.26% |
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 | $25,700 | $25,750 | $25,800 | $25,800 | $29,100 | $29,100 | $25,800 | $25,900 | $25,950 | $25,950 | $25,950 | $26,000 | |
Subtotal Cash from Operations | $25,700 | $25,750 | $25,800 | $25,800 | $29,100 | $29,100 | $25,800 | $25,900 | $25,950 | $25,950 | $25,950 | $26,000 | |
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 | $25,700 | $25,750 | $25,800 | $25,800 | $29,100 | $29,100 | $25,800 | $25,900 | $25,950 | $25,950 | $25,950 | $26,000 | |
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 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | |
Bill Payments | $593 | $17,842 | $19,558 | $19,573 | $19,946 | $37,411 | $20,952 | $6,730 | $16,371 | $19,625 | $19,376 | $19,377 | |
Subtotal Spent on Operations | $6,093 | $23,342 | $25,058 | $25,073 | $25,446 | $42,911 | $26,452 | $12,230 | $21,871 | $25,125 | $24,876 | $24,877 | |
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 | $2,188 | $2,188 | $2,188 | $2,188 | $2,188 | $2,188 | $2,188 | $2,188 | $2,188 | $2,188 | $2,188 | $2,188 | |
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 | $8,280 | $25,529 | $27,246 | $27,261 | $27,633 | $45,099 | $28,640 | $14,417 | $24,059 | $27,313 | $27,063 | $27,065 | |
Net Cash Flow | $17,420 | $221 | ($1,446) | ($1,461) | $1,467 | ($15,999) | ($2,840) | $11,483 | $1,891 | ($1,363) | ($1,113) | ($1,065) | |
Cash Balance | $48,470 | $48,691 | $47,245 | $45,784 | $47,251 | $31,252 | $28,412 | $39,895 | $41,786 | $40,424 | $39,310 | $38,246 |
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 | $31,050 | $48,470 | $48,691 | $47,245 | $45,784 | $47,251 | $31,252 | $28,412 | $39,895 | $41,786 | $40,424 | $39,310 | $38,246 |
Inventory | $130,000 | $128,500 | $128,750 | $129,000 | $129,000 | $145,500 | $145,500 | $132,600 | $129,500 | $129,750 | $129,750 | $129,750 | $130,000 |
Other Current Assets | $26,000 | $26,000 | $26,000 | $26,000 | $26,000 | $26,000 | $26,000 | $26,000 | $26,000 | $26,000 | $26,000 | $26,000 | $26,000 |
Total Current Assets | $187,050 | $202,970 | $203,441 | $202,245 | $200,784 | $218,751 | $202,752 | $187,012 | $195,395 | $197,536 | $196,174 | $195,060 | $194,246 |
Long-term Assets | |||||||||||||
Long-term Assets | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 |
Accumulated Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Long-term Assets | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 |
Total Assets | $227,050 | $242,970 | $243,441 | $242,245 | $240,784 | $258,751 | $242,752 | $227,012 | $235,395 | $237,536 | $236,174 | $235,060 | $234,246 |
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 | $17,190 | $18,905 | $18,929 | $18,680 | $36,696 | $20,739 | $6,188 | $15,717 | $18,979 | $18,730 | $18,723 | $18,988 |
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 | $17,190 | $18,905 | $18,929 | $18,680 | $36,696 | $20,739 | $6,188 | $15,717 | $18,979 | $18,730 | $18,723 | $18,988 |
Long-term Liabilities | $210,000 | $207,813 | $205,625 | $203,438 | $201,250 | $199,063 | $196,875 | $194,688 | $192,500 | $190,313 | $188,125 | $185,938 | $183,750 |
Total Liabilities | $210,000 | $225,002 | $224,530 | $222,367 | $219,930 | $235,759 | $217,614 | $200,876 | $208,217 | $209,292 | $206,855 | $204,660 | $202,738 |
Paid-in Capital | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 |
Retained Earnings | ($27,950) | ($27,950) | ($27,950) | ($27,950) | ($27,950) | ($27,950) | ($27,950) | ($27,950) | ($27,950) | ($27,950) | ($27,950) | ($27,950) | ($27,950) |
Earnings | $0 | $918 | $1,860 | $2,828 | $3,804 | $5,942 | $8,088 | $9,087 | $10,128 | $11,195 | $12,269 | $13,350 | $14,457 |
Total Capital | $17,050 | $17,968 | $18,910 | $19,878 | $20,854 | $22,992 | $25,138 | $26,137 | $27,178 | $28,245 | $29,319 | $30,400 | $31,507 |
Total Liabilities and Capital | $227,050 | $242,970 | $243,441 | $242,245 | $240,784 | $258,751 | $242,752 | $227,012 | $235,395 | $237,536 | $236,174 | $235,060 | $234,246 |
Net Worth | $17,050 | $17,968 | $18,910 | $19,878 | $20,854 | $22,992 | $25,138 | $26,137 | $27,178 | $28,245 | $29,319 | $30,400 | $31,507 |