Jolly's Java and Bakery
Financial Plan
Forecast
Revenue Forecast
Coffee
$475,065
$517,500
$569,250
Pastries
$223,750
$250,000
$275,000
Other
$12,930
$15,000
$20,000
Coffee
$190,026
$207,000
$227,700
Pastries
$89,500
$100,000
$110,000
Other
$5,172
$6,000
$8,000
Direct Labor
Gross margin
$427,047
$469,500
$518,550
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Revenue by Month
Expenses by Month
Net Profit (or Loss) by Year
Financing
Use of Funds
We will be financing initial assets of $65,000 long-term assets (equipment, etc.) and $12,000 current assets plus initial inventory and the early months before break-even occurs.
Sources of Funds
Two owners each investing $70,000. Total startup investment is $140,000
Statements
Projected Profit & Loss
Gross Margin
$427,047
$469,500
$518,550
Salaries & Wages
$265,000
$291,500
$320,650
Employee Related Expenses
$53,000
$58,300
$64,130
Rent
$60,000
$65,000
$70,000
Marketing and Promotion
$30,500
$33,000
$35,000
Interest Incurred
$2,881
$2,616
$2,343
Depreciation and Amortization
$13,000
$13,000
$13,000
Gain or Loss from Sale of Assets
Income Taxes
$400
$913
$2,014
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Projected Balance Sheet
Cash
$70,000
$91,886
$98,613
$115,920
Accounts Receivable
$0
$0
$0
$0
Inventory
$12,000
$26,083
$28,809
$28,809
Other Current Assets
Long-Term Assets
$65,000
$65,000
$65,000
$65,000
Accumulated Depreciation
$0
($13,000)
($26,000)
($39,000)
Accounts Payable
$1,000
$13,233
$14,790
$15,024
Income Taxes Payable
$400
$231
$506
Sales Taxes Payable
$16,781
$15,650
$17,285
Short-Term Debt
$8,711
$8,976
$9,249
$9,530
Prepaid Revenue
Long-Term Debt
$91,289
$82,313
$73,064
$63,533
Paid-In Capital
$110,000
$110,000
$110,000
$110,000
Retained Earnings
($64,000)
($64,000)
($61,734)
($56,563)
Earnings
$2,266
$5,171
$11,413
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Projected Cash Flow Statement
Net Profit
$2,266
$5,171
$11,413
Depreciation & Amortization
$13,000
$13,000
$13,000
Change in Accounts Receivable
$0
$0
$0
Change in Inventory
($14,083)
($2,726)
$0
Change in Accounts Payable
$12,233
$1,557
$233
Change in Income Tax Payable
$400
($169)
$275
Change in Sales Tax Payable
$16,781
($1,131)
$1,635
Change in Prepaid Revenue
Assets Purchased or Sold
Investments Received
Dividends & Distributions
Change in Short-Term Debt
$265
$273
$281
Change in Long-Term Debt
($8,976)
($9,249)
($9,530)
Cash at Beginning of Period
$70,000
$91,886
$98,613
Net Change in Cash
$21,886
$6,726
$17,307
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