HodgePodge Sealcoating Company
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 | |||||||||||||
Middle to upper class | 0% | $0 | $0 | $1,456 | $2,564 | $3,545 | $4,785 | $5,265 | $6,500 | $6,014 | $0 | $0 | $0 |
Older people | 0% | $0 | $0 | $1,345 | $2,478 | $3,654 | $4,875 | $6,000 | $5,325 | $5,874 | $0 | $0 | $0 |
Total Sales | $0 | $0 | $2,801 | $5,042 | $7,199 | $9,660 | $11,265 | $11,825 | $11,888 | $0 | $0 | $0 | |
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 | |
Middle to upper class | $0 | $0 | $146 | $256 | $355 | $479 | $527 | $650 | $601 | $0 | $0 | $0 | |
Older people | $0 | $0 | $135 | $248 | $365 | $488 | $600 | $533 | $587 | $0 | $0 | $0 | |
Subtotal Direct Cost of Sales | $0 | $0 | $280 | $504 | $720 | $966 | $1,127 | $1,183 | $1,189 | $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 | ||
Dan | 0% | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 |
Employee 1 | 0% | $0 | $0 | $1,280 | $1,280 | $1,280 | $1,280 | $1,280 | $1,280 | $1,280 | $0 | $0 | $0 |
Employee 2 | 0% | $0 | $0 | $1,280 | $1,280 | $1,280 | $1,280 | $1,280 | $1,280 | $1,280 | $0 | $0 | $0 |
Employee 3 | 0% | $0 | $0 | $1,280 | $1,280 | $1,280 | $1,280 | $1,280 | $1,280 | $1,280 | $0 | $0 | $0 |
Employee 4 | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Employee 5 | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Employee 6 | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total People | 1 | 41 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 1 | 1 | 1 | |
Total Payroll | $3,000 | $3,000 | $6,840 | $6,840 | $6,840 | $6,840 | $6,840 | $6,840 | $6,840 | $3,000 | $3,000 | $3,000 |
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 | $0 | $2,801 | $5,042 | $7,199 | $9,660 | $11,265 | $11,825 | $11,888 | $0 | $0 | $0 | |
Direct Cost of Sales | $0 | $0 | $280 | $504 | $720 | $966 | $1,127 | $1,183 | $1,189 | $0 | $0 | $0 | |
Other Production Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Cost of Sales | $0 | $0 | $280 | $504 | $720 | $966 | $1,127 | $1,183 | $1,189 | $0 | $0 | $0 | |
Gross Margin | $0 | $0 | $2,521 | $4,538 | $6,479 | $8,694 | $10,139 | $10,643 | $10,699 | $0 | $0 | $0 | |
Gross Margin % | 0.00% | 0.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% | 0.00% | 0.00% | 0.00% | |
Expenses | |||||||||||||
Payroll | $3,000 | $3,000 | $6,840 | $6,840 | $6,840 | $6,840 | $6,840 | $6,840 | $6,840 | $3,000 | $3,000 | $3,000 | |
Sales and Marketing and Other Expenses | $0 | $0 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $0 | $0 | $0 | |
Depreciation | $180 | $180 | $180 | $180 | $180 | $180 | $180 | $180 | $180 | $180 | $180 | $180 | |
Leased Equipment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Utilities | $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 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | |
Payroll Taxes | 15% | $450 | $450 | $1,026 | $1,026 | $1,026 | $1,026 | $1,026 | $1,026 | $1,026 | $450 | $450 | $450 |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Operating Expenses | $4,180 | $4,180 | $8,696 | $8,696 | $8,696 | $8,696 | $8,696 | $8,696 | $8,696 | $4,180 | $4,180 | $4,180 | |
Profit Before Interest and Taxes | ($4,180) | ($4,180) | ($6,175) | ($4,158) | ($2,217) | ($2) | $1,443 | $1,947 | $2,003 | ($4,180) | ($4,180) | ($4,180) | |
EBITDA | ($4,000) | ($4,000) | ($5,995) | ($3,978) | ($2,037) | $178 | $1,623 | $2,127 | $2,183 | ($4,000) | ($4,000) | ($4,000) | |
Interest Expense | ($1) | ($2) | ($3) | ($3) | ($4) | ($5) | ($6) | ($7) | ($8) | ($8) | ($9) | ($10) | |
Taxes Incurred | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Net Profit | ($4,179) | ($4,178) | ($6,173) | ($4,155) | ($2,213) | $3 | $1,448 | $1,953 | $2,011 | ($4,172) | ($4,171) | ($4,170) | |
Net Profit/Sales | 0.00% | 0.00% | -220.37% | -82.41% | -30.74% | 0.03% | 12.86% | 16.52% | 16.91% | 0.00% | 0.00% | 0.00% |
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 | $0 | $2,801 | $5,042 | $7,199 | $9,660 | $11,265 | $11,825 | $11,888 | $0 | $0 | $0 | |
Subtotal Cash from Operations | $0 | $0 | $2,801 | $5,042 | $7,199 | $9,660 | $11,265 | $11,825 | $11,888 | $0 | $0 | $0 | |
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 | $0 | $2,801 | $5,042 | $7,199 | $9,660 | $11,265 | $11,825 | $11,888 | $0 | $0 | $0 | |
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 | $3,000 | $3,000 | $6,840 | $6,840 | $6,840 | $6,840 | $6,840 | $6,840 | $6,840 | $3,000 | $3,000 | $3,000 | |
Bill Payments | $33 | $999 | $1,030 | $1,961 | $2,184 | $2,400 | $2,642 | $2,799 | $2,852 | $2,795 | $992 | $991 | |
Subtotal Spent on Operations | $3,033 | $3,999 | $7,870 | $8,801 | $9,024 | $9,240 | $9,482 | $9,639 | $9,692 | $5,795 | $3,992 | $3,991 | |
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 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | |
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 | $3,133 | $4,099 | $7,970 | $8,901 | $9,124 | $9,340 | $9,582 | $9,739 | $9,792 | $5,895 | $4,092 | $4,091 | |
Net Cash Flow | ($3,133) | ($4,099) | ($5,169) | ($3,859) | ($1,925) | $320 | $1,683 | $2,086 | $2,096 | ($5,895) | ($4,092) | ($4,091) | |
Cash Balance | $25,667 | $21,568 | $16,398 | $12,539 | $10,614 | $10,934 | $12,617 | $14,704 | $16,800 | $10,904 | $6,813 | $2,722 |
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 | $28,800 | $25,667 | $21,568 | $16,398 | $12,539 | $10,614 | $10,934 | $12,617 | $14,704 | $16,800 | $10,904 | $6,813 | $2,722 |
Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Current Assets | $28,800 | $25,667 | $21,568 | $16,398 | $12,539 | $10,614 | $10,934 | $12,617 | $14,704 | $16,800 | $10,904 | $6,813 | $2,722 |
Long-term Assets | |||||||||||||
Long-term Assets | $10,800 | $10,800 | $10,800 | $10,800 | $10,800 | $10,800 | $10,800 | $10,800 | $10,800 | $10,800 | $10,800 | $10,800 | $10,800 |
Accumulated Depreciation | $0 | $180 | $360 | $540 | $720 | $900 | $1,080 | $1,260 | $1,440 | $1,620 | $1,800 | $1,980 | $2,160 |
Total Long-term Assets | $10,800 | $10,620 | $10,440 | $10,260 | $10,080 | $9,900 | $9,720 | $9,540 | $9,360 | $9,180 | $9,000 | $8,820 | $8,640 |
Total Assets | $39,600 | $36,287 | $32,008 | $26,658 | $22,619 | $20,514 | $20,654 | $22,157 | $24,064 | $25,980 | $19,904 | $15,633 | $11,362 |
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 | $966 | $965 | $1,888 | $2,104 | $2,312 | $2,549 | $2,703 | $2,757 | $2,762 | $959 | $958 | $957 |
Current Borrowing | $0 | ($100) | ($200) | ($300) | ($400) | ($500) | ($600) | ($700) | ($800) | ($900) | ($1,000) | ($1,100) | ($1,200) |
Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Subtotal Current Liabilities | $0 | $866 | $765 | $1,588 | $1,704 | $1,812 | $1,949 | $2,003 | $1,957 | $1,862 | ($41) | ($142) | ($243) |
Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Liabilities | $0 | $866 | $765 | $1,588 | $1,704 | $1,812 | $1,949 | $2,003 | $1,957 | $1,862 | ($41) | ($142) | ($243) |
Paid-in Capital | $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 |
Retained Earnings | ($400) | ($400) | ($400) | ($400) | ($400) | ($400) | ($400) | ($400) | ($400) | ($400) | ($400) | ($400) | ($400) |
Earnings | $0 | ($4,179) | ($8,358) | ($14,530) | ($18,685) | ($20,898) | ($20,895) | ($19,446) | ($17,493) | ($15,483) | ($19,654) | ($23,825) | ($27,995) |
Total Capital | $39,600 | $35,421 | $31,243 | $25,070 | $20,915 | $18,702 | $18,705 | $20,154 | $22,107 | $24,118 | $19,946 | $15,775 | $11,605 |
Total Liabilities and Capital | $39,600 | $36,287 | $32,008 | $26,658 | $22,619 | $20,514 | $20,654 | $22,157 | $24,064 | $25,980 | $19,904 | $15,633 | $11,362 |
Net Worth | $39,600 | $35,421 | $31,243 | $25,070 | $20,915 | $18,702 | $18,705 | $20,154 | $22,107 | $24,118 | $19,946 | $15,775 | $11,605 |