Kid's Community College
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 | ||
| Unit Sales | |||||||||||||
| Full-time Couples | 0% | 6 | 8 | 10 | 12 | 12 | 10 | 10 | 20 | 27 | 27 | 27 | 30 |
| After School Care | 0% | 6 | 6 | 6 | 6 | 6 | 8 | 8 | 15 | 20 | 20 | 20 | 20 |
| Summer Camp | 0% | 0 | 0 | 0 | 0 | 0 | 13 | 13 | 0 | 0 | 0 | 0 | 0 |
| Part-time Workers/Drop-Ins | 0% | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Total Unit Sales | 13 | 15 | 17 | 19 | 19 | 32 | 32 | 36 | 48 | 48 | 48 | 51 | |
| Unit Prices | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Full-time Couples | $460.00 | $460.00 | $460.00 | $460.00 | $460.00 | $460.00 | $460.00 | $460.00 | $460.00 | $460.00 | $460.00 | $460.00 | |
| After School Care | $240.00 | $240.00 | $240.00 | $240.00 | $240.00 | $240.00 | $240.00 | $240.00 | $240.00 | $240.00 | $240.00 | $240.00 | |
| Summer Camp | $460.00 | $460.00 | $460.00 | $460.00 | $460.00 | $460.00 | $460.00 | $460.00 | $460.00 | $460.00 | $460.00 | $460.00 | |
| Part-time Workers/Drop-Ins | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | $100.00 | |
| Sales | |||||||||||||
| Full-time Couples | $2,760 | $3,680 | $4,600 | $5,520 | $5,520 | $4,600 | $4,600 | $9,200 | $12,420 | $12,420 | $12,420 | $13,800 | |
| After School Care | $1,440 | $1,440 | $1,440 | $1,440 | $1,440 | $1,920 | $1,920 | $3,600 | $4,800 | $4,800 | $4,800 | $4,800 | |
| Summer Camp | $0 | $0 | $0 | $0 | $0 | $5,980 | $5,980 | $0 | $0 | $0 | $0 | $0 | |
| Part-time Workers/Drop-Ins | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | |
| Total Sales | $4,300 | $5,220 | $6,140 | $7,060 | $7,060 | $12,600 | $12,600 | $12,900 | $17,320 | $17,320 | $17,320 | $18,700 | |
| Direct Unit Costs | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Full-time Couples | 2.90% | $13.34 | $13.34 | $13.34 | $13.34 | $13.34 | $13.34 | $13.34 | $13.34 | $13.34 | $13.34 | $13.34 | $13.34 |
| After School Care | 1.90% | $4.56 | $4.56 | $4.56 | $4.56 | $4.56 | $4.56 | $4.56 | $4.56 | $4.56 | $4.56 | $4.56 | $4.56 |
| Summer Camp | 3.00% | $13.80 | $13.80 | $13.80 | $13.80 | $13.80 | $13.80 | $13.80 | $13.80 | $13.80 | $13.80 | $13.80 | $13.80 |
| Part-time Workers/Drop-Ins | 0.00% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Direct Cost of Sales | |||||||||||||
| Full-time Couples | $80 | $107 | $133 | $160 | $160 | $133 | $133 | $267 | $360 | $360 | $360 | $400 | |
| After School Care | $27 | $27 | $27 | $27 | $27 | $36 | $36 | $68 | $91 | $91 | $91 | $91 | |
| Summer Camp | $0 | $0 | $0 | $0 | $0 | $179 | $179 | $0 | $0 | $0 | $0 | $0 | |
| Part-time Workers/Drop-Ins | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Direct Cost of Sales | $107 | $134 | $161 | $187 | $187 | $349 | $349 | $335 | $451 | $451 | $451 | $491 | |
| 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 | ||
| Campus Director | 0% | $1,833 | $1,833 | $1,833 | $2,042 | $2,042 | $2,042 | $2,042 | $2,042 | $2,042 | $2,042 | $2,042 | $2,042 |
| F/T Instructors | 0% | $1,280 | $1,280 | $1,280 | $1,280 | $1,280 | $1,280 | $1,280 | $2,560 | $2,560 | $2,560 | $2,560 | $2,560 |
| P/T Instructors | 0% | $600 | $600 | $600 | $600 | $600 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 |
| Total People | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | |
| Total Payroll | $3,713 | $3,713 | $3,713 | $3,922 | $3,922 | $4,522 | $4,522 | $5,802 | $5,802 | $5,802 | $5,802 | $5,802 | |
| 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 | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | |
| Long-term Interest Rate | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | |
| 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 | $4,300 | $5,220 | $6,140 | $7,060 | $7,060 | $12,600 | $12,600 | $12,900 | $17,320 | $17,320 | $17,320 | $18,700 | |
| Direct Cost of Sales | $107 | $134 | $161 | $187 | $187 | $349 | $349 | $335 | $451 | $451 | $451 | $491 | |
| Hidden Row | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Cost of Sales | $107 | $134 | $161 | $187 | $187 | $349 | $349 | $335 | $451 | $451 | $451 | $491 | |
| Gross Margin | $4,193 | $5,086 | $5,979 | $6,873 | $6,873 | $12,251 | $12,251 | $12,565 | $16,869 | $16,869 | $16,869 | $18,209 | |
| Gross Margin % | 97.50% | 97.43% | 97.38% | 97.35% | 97.35% | 97.23% | 97.23% | 97.40% | 97.39% | 97.39% | 97.39% | 97.37% | |
| Expenses | |||||||||||||
| Payroll | $3,713 | $3,713 | $3,713 | $3,922 | $3,922 | $4,522 | $4,522 | $5,802 | $5,802 | $5,802 | $5,802 | $5,802 | |
| Sales and Marketing and Other Expenses | $0 | $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 | $4,900 | $4,900 | $4,900 | $4,900 | $4,900 | $4,900 | $4,900 | $4,900 | $4,900 | $4,900 | $4,900 | $4,900 | |
| Utilities | $875 | $875 | $875 | $875 | $875 | $875 | $875 | $875 | $875 | $875 | $875 | $875 | |
| Insurance | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | |
| Payroll Taxes | 15% | $557 | $557 | $557 | $588 | $588 | $678 | $678 | $870 | $870 | $870 | $870 | $870 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Operating Expenses | $10,645 | $10,845 | $10,845 | $11,085 | $11,085 | $11,775 | $11,775 | $13,247 | $13,247 | $13,247 | $13,247 | $13,247 | |
| Profit Before Interest and Taxes | ($6,452) | ($5,759) | ($4,866) | ($4,213) | ($4,213) | $475 | $475 | ($683) | $3,621 | $3,621 | $3,621 | $4,961 | |
| EBITDA | ($6,452) | ($5,759) | ($4,866) | ($4,213) | ($4,213) | $475 | $475 | ($683) | $3,621 | $3,621 | $3,621 | $4,961 | |
| Interest Expense | $345 | $340 | $335 | $330 | $326 | $321 | $316 | $311 | $306 | $301 | $296 | $291 | |
| Taxes Incurred | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Profit | ($6,797) | ($6,099) | ($5,201) | ($4,543) | ($4,538) | $155 | $160 | ($993) | $3,315 | $3,320 | $3,325 | $4,670 | |
| Net Profit/Sales | -158.08% | -116.84% | -84.71% | -64.35% | -64.28% | 1.23% | 1.27% | -7.70% | 19.14% | 19.17% | 19.20% | 24.97% | |
| 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 | $4,300 | $5,220 | $6,140 | $7,060 | $7,060 | $12,600 | $12,600 | $12,900 | $17,320 | $17,320 | $17,320 | $18,700 | |
| Subtotal Cash from Operations | $4,300 | $5,220 | $6,140 | $7,060 | $7,060 | $12,600 | $12,600 | $12,900 | $17,320 | $17,320 | $17,320 | $18,700 | |
| 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 | $4,300 | $5,220 | $6,140 | $7,060 | $7,060 | $12,600 | $12,600 | $12,900 | $17,320 | $17,320 | $17,320 | $18,700 | |
| 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 | $3,713 | $3,713 | $3,713 | $3,922 | $3,922 | $4,522 | $4,522 | $5,802 | $5,802 | $5,802 | $5,802 | $5,802 | |
| Bill Payments | $246 | $7,392 | $7,607 | $7,630 | $7,681 | $7,685 | $7,923 | $7,924 | $8,095 | $8,203 | $8,198 | $8,194 | |
| Subtotal Spent on Operations | $3,959 | $11,105 | $11,320 | $11,552 | $11,603 | $12,207 | $12,445 | $13,726 | $13,897 | $14,005 | $14,000 | $13,996 | |
| 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 | $838 | $838 | $838 | $838 | $838 | $838 | $838 | $838 | $838 | $838 | $838 | $838 | |
| 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 | $4,797 | $11,943 | $12,158 | $12,390 | $12,441 | $13,045 | $13,283 | $14,564 | $14,735 | $14,843 | $14,838 | $14,834 | |
| Net Cash Flow | ($497) | ($6,723) | ($6,018) | ($5,330) | ($5,381) | ($445) | ($683) | ($1,664) | $2,585 | $2,477 | $2,482 | $3,866 | |
| Cash Balance | $65,053 | $58,330 | $52,312 | $46,982 | $41,601 | $41,156 | $40,473 | $38,809 | $41,394 | $43,871 | $46,353 | $50,219 | |
| 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 | $65,550 | $65,053 | $58,330 | $52,312 | $46,982 | $41,601 | $41,156 | $40,473 | $38,809 | $41,394 | $43,871 | $46,353 | $50,219 |
| Other Current Assets | $14,130 | $14,130 | $14,130 | $14,130 | $14,130 | $14,130 | $14,130 | $14,130 | $14,130 | $14,130 | $14,130 | $14,130 | $14,130 |
| Total Current Assets | $79,680 | $79,183 | $72,460 | $66,442 | $61,112 | $55,731 | $55,286 | $54,603 | $52,939 | $55,524 | $58,001 | $60,483 | $64,349 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accumulated Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $79,680 | $79,183 | $72,460 | $66,442 | $61,112 | $55,731 | $55,286 | $54,603 | $52,939 | $55,524 | $58,001 | $60,483 | $64,349 |
| 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 | $7,138 | $7,353 | $7,374 | $7,425 | $7,420 | $7,659 | $7,654 | $7,822 | $7,929 | $7,925 | $7,920 | $7,954 |
| 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 | $7,138 | $7,353 | $7,374 | $7,425 | $7,420 | $7,659 | $7,654 | $7,822 | $7,929 | $7,925 | $7,920 | $7,954 |
| Long-term Liabilities | $60,000 | $59,162 | $58,324 | $57,486 | $56,648 | $55,810 | $54,972 | $54,134 | $53,295 | $52,457 | $51,619 | $50,781 | $49,943 |
| Total Liabilities | $60,000 | $66,300 | $65,677 | $64,860 | $64,073 | $63,230 | $62,631 | $61,788 | $61,117 | $60,387 | $59,544 | $58,701 | $57,897 |
| Paid-in Capital | $59,130 | $59,130 | $59,130 | $59,130 | $59,130 | $59,130 | $59,130 | $59,130 | $59,130 | $59,130 | $59,130 | $59,130 | $59,130 |
| Retained Earnings | ($39,450) | ($39,450) | ($39,450) | ($39,450) | ($39,450) | ($39,450) | ($39,450) | ($39,450) | ($39,450) | ($39,450) | ($39,450) | ($39,450) | ($39,450) |
| Earnings | $0 | ($6,797) | ($12,897) | ($18,098) | ($22,641) | ($27,179) | ($27,024) | ($26,865) | ($27,858) | ($24,543) | ($21,223) | ($17,898) | ($13,228) |
| Total Capital | $19,680 | $12,883 | $6,783 | $1,582 | ($2,961) | ($7,499) | ($7,344) | ($7,185) | ($8,178) | ($4,863) | ($1,543) | $1,782 | $6,452 |
| Total Liabilities and Capital | $79,680 | $79,183 | $72,460 | $66,442 | $61,112 | $55,731 | $55,286 | $54,603 | $52,939 | $55,524 | $58,001 | $60,483 | $64,349 |
| Net Worth | $19,680 | $12,883 | $6,783 | $1,582 | ($2,961) | ($7,499) | ($7,344) | ($7,185) | ($8,178) | ($4,863) | ($1,543) | $1,782 | $6,452 |
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