Sports Chiropractic 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 | |||||||||||||
| Clients | 0% | $7,000 | $8,000 | $9,000 | $10,000 | $11,000 | $12,000 | $12,000 | $13,000 | $14,000 | $14,000 | $14,000 | $14,000 |
| Other | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Sales | $7,000 | $8,000 | $9,000 | $10,000 | $11,000 | $12,000 | $12,000 | $13,000 | $14,000 | $14,000 | $14,000 | $14,000 | |
| 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 | |
| Clients | $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 | |
| Subtotal Direct Cost of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| 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 | ||
| Dr. Meeks | 0% | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 |
| Receptionist/Clerical | 0% | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
| Bookkeeper | 0% | $0 | $0 | $0 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 |
| Other | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total People | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | |
| Total Payroll | $6,000 | $6,000 | $6,000 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | |
| 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 | $7,000 | $8,000 | $9,000 | $10,000 | $11,000 | $12,000 | $12,000 | $13,000 | $14,000 | $14,000 | $14,000 | $14,000 | |
| Direct Cost of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other Production Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Cost of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Gross Margin | $7,000 | $8,000 | $9,000 | $10,000 | $11,000 | $12,000 | $12,000 | $13,000 | $14,000 | $14,000 | $14,000 | $14,000 | |
| Gross Margin % | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | |
| Expenses | |||||||||||||
| Payroll | $6,000 | $6,000 | $6,000 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | |
| Sales and Marketing and Other Expenses | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | |
| Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Leased Equipment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Utilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Insurance | 15000% | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 |
| Rent | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | |
| Payroll Taxes | 15% | $900 | $900 | $900 | $1,125 | $1,125 | $1,125 | $1,125 | $1,125 | $1,125 | $1,125 | $1,125 | $1,125 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Operating Expenses | $8,950 | $8,950 | $8,950 | $10,675 | $10,675 | $10,675 | $10,675 | $10,675 | $10,675 | $10,675 | $10,675 | $10,675 | |
| Profit Before Interest and Taxes | ($1,950) | ($950) | $50 | ($675) | $325 | $1,325 | $1,325 | $2,325 | $3,325 | $3,325 | $3,325 | $3,325 | |
| EBITDA | ($1,950) | ($950) | $50 | ($675) | $325 | $1,325 | $1,325 | $2,325 | $3,325 | $3,325 | $3,325 | $3,325 | |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Taxes Incurred | ($585) | ($285) | $15 | ($203) | $98 | $398 | $398 | $698 | $998 | $998 | $998 | $998 | |
| Net Profit | ($1,365) | ($665) | $35 | ($473) | $228 | $928 | $928 | $1,628 | $2,328 | $2,328 | $2,328 | $2,328 | |
| Net Profit/Sales | -19.50% | -8.31% | 0.39% | -4.72% | 2.07% | 7.73% | 7.73% | 12.52% | 16.63% | 16.63% | 16.63% | 16.63% | |
| 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 | $7,000 | $8,000 | $9,000 | $10,000 | $11,000 | $12,000 | $12,000 | $13,000 | $14,000 | $14,000 | $14,000 | $14,000 | |
| Subtotal Cash from Operations | $7,000 | $8,000 | $9,000 | $10,000 | $11,000 | $12,000 | $12,000 | $13,000 | $14,000 | $14,000 | $14,000 | $14,000 | |
| 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 | $7,000 | $8,000 | $9,000 | $10,000 | $11,000 | $12,000 | $12,000 | $13,000 | $14,000 | $14,000 | $14,000 | $14,000 | |
| 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 | $6,000 | $6,000 | $6,000 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | |
| Bill Payments | $79 | $2,375 | $2,675 | $2,965 | $2,983 | $3,283 | $3,573 | $3,583 | $3,883 | $4,173 | $4,173 | $4,173 | |
| Subtotal Spent on Operations | $6,079 | $8,375 | $8,675 | $10,465 | $10,483 | $10,783 | $11,073 | $11,083 | $11,383 | $11,673 | $11,673 | $11,673 | |
| 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 | $6,079 | $8,375 | $8,675 | $10,465 | $10,483 | $10,783 | $11,073 | $11,083 | $11,383 | $11,673 | $11,673 | $11,673 | |
| Net Cash Flow | $921 | ($375) | $325 | ($465) | $518 | $1,218 | $928 | $1,918 | $2,618 | $2,328 | $2,328 | $2,328 | |
| Cash Balance | $25,821 | $25,446 | $25,771 | $25,306 | $25,823 | $27,041 | $27,968 | $29,886 | $32,503 | $34,831 | $37,158 | $39,486 | |
| 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 | $24,900 | $25,821 | $25,446 | $25,771 | $25,306 | $25,823 | $27,041 | $27,968 | $29,886 | $32,503 | $34,831 | $37,158 | $39,486 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $24,900 | $25,821 | $25,446 | $25,771 | $25,306 | $25,823 | $27,041 | $27,968 | $29,886 | $32,503 | $34,831 | $37,158 | $39,486 |
| 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 | $24,900 | $25,821 | $25,446 | $25,771 | $25,306 | $25,823 | $27,041 | $27,968 | $29,886 | $32,503 | $34,831 | $37,158 | $39,486 |
| 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 | $2,286 | $2,576 | $2,866 | $2,873 | $3,163 | $3,453 | $3,453 | $3,743 | $4,033 | $4,033 | $4,033 | $4,033 |
| 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 | $2,286 | $2,576 | $2,866 | $2,873 | $3,163 | $3,453 | $3,453 | $3,743 | $4,033 | $4,033 | $4,033 | $4,033 |
| Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $0 | $2,286 | $2,576 | $2,866 | $2,873 | $3,163 | $3,453 | $3,453 | $3,743 | $4,033 | $4,033 | $4,033 | $4,033 |
| 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 | ($20,100) | ($20,100) | ($20,100) | ($20,100) | ($20,100) | ($20,100) | ($20,100) | ($20,100) | ($20,100) | ($20,100) | ($20,100) | ($20,100) | ($20,100) |
| Earnings | $0 | ($1,365) | ($2,030) | ($1,995) | ($2,468) | ($2,240) | ($1,313) | ($385) | $1,243 | $3,570 | $5,898 | $8,225 | $10,553 |
| Total Capital | $24,900 | $23,535 | $22,870 | $22,905 | $22,433 | $22,660 | $23,588 | $24,515 | $26,143 | $28,470 | $30,798 | $33,125 | $35,453 |
| Total Liabilities and Capital | $24,900 | $25,821 | $25,446 | $25,771 | $25,306 | $25,823 | $27,041 | $27,968 | $29,886 | $32,503 | $34,831 | $37,158 | $39,486 |
| Net Worth | $24,900 | $23,535 | $22,870 | $22,905 | $22,433 | $22,660 | $23,588 | $24,515 | $26,143 | $28,470 | $30,798 | $33,125 | $35,453 |
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