Fat Cat Creations
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 | |||||||||||||
Arts and Craft Festivals | 0% | $8,000 | $8,000 | $10,000 | $21,000 | $24,000 | $26,000 | $17,000 | $25,000 | $30,000 | $0 | $0 | $8,000 |
Galleries | 0% | $0 | $0 | $0 | $5,000 | $8,000 | $11,000 | $14,000 | $16,000 | $24,000 | $10,000 | $10,000 | $12,000 |
Internet | 0% | $0 | $0 | $0 | $2,000 | $4,000 | $6,000 | $5,000 | $7,000 | $13,000 | $4,000 | $5,000 | $6,000 |
Total Sales | $8,000 | $8,000 | $10,000 | $28,000 | $36,000 | $43,000 | $36,000 | $48,000 | $67,000 | $14,000 | $15,000 | $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 | |
Arts and Craft Festivals | $3,000 | $3,000 | $4,000 | $5,000 | $6,000 | $7,000 | $5,000 | $7,000 | $10,000 | $0 | $0 | $2,000 | |
Galleries | $0 | $0 | $0 | $1,000 | $1,500 | $2,000 | $3,000 | $4,000 | $5,200 | $2,000 | $2,000 | $2,200 | |
Internet | $0 | $0 | $0 | $400 | $1,000 | $1,500 | $1,250 | $1,800 | $2,000 | $890 | $1,200 | $1,500 | |
Subtotal Direct Cost of Sales | $3,000 | $3,000 | $4,000 | $6,400 | $8,500 | $10,500 | $9,250 | $12,800 | $17,200 | $2,890 | $3,200 | $5,700 |
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 | ||
Manager | 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 |
Bookkeeper/Website Administrator | 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 |
Ceramic Artists (3) | 0% | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 |
Total People | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |
Total Payroll | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 |
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 | $8,000 | $8,000 | $10,000 | $28,000 | $36,000 | $43,000 | $36,000 | $48,000 | $67,000 | $14,000 | $15,000 | $26,000 | |
Direct Cost of Sales | $3,000 | $3,000 | $4,000 | $6,400 | $8,500 | $10,500 | $9,250 | $12,800 | $17,200 | $2,890 | $3,200 | $5,700 | |
Other Production Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Cost of Sales | $3,000 | $3,000 | $4,000 | $6,400 | $8,500 | $10,500 | $9,250 | $12,800 | $17,200 | $2,890 | $3,200 | $5,700 | |
Gross Margin | $5,000 | $5,000 | $6,000 | $21,600 | $27,500 | $32,500 | $26,750 | $35,200 | $49,800 | $11,110 | $11,800 | $20,300 | |
Gross Margin % | 62.50% | 62.50% | 60.00% | 77.14% | 76.39% | 75.58% | 74.31% | 73.33% | 74.33% | 79.36% | 78.67% | 78.08% | |
Expenses | |||||||||||||
Payroll | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | |
Sales and Marketing and Other Expenses | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | |
Depreciation | $178 | $178 | $178 | $178 | $178 | $178 | $178 | $178 | $178 | $178 | $178 | $178 | |
Leased Equipment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Utilities | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | |
Insurance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Rent | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Payroll Taxes | 15% | $2,250 | $2,250 | $2,250 | $2,250 | $2,250 | $2,250 | $2,250 | $2,250 | $2,250 | $2,250 | $2,250 | $2,250 |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Operating Expenses | $19,128 | $19,128 | $19,128 | $19,128 | $19,128 | $19,128 | $19,128 | $19,128 | $19,128 | $19,128 | $19,128 | $19,128 | |
Profit Before Interest and Taxes | ($14,128) | ($14,128) | ($13,128) | $2,472 | $8,372 | $13,372 | $7,622 | $16,072 | $30,672 | ($8,018) | ($7,328) | $1,172 | |
EBITDA | ($13,950) | ($13,950) | ($12,950) | $2,650 | $8,550 | $13,550 | $7,800 | $16,250 | $30,850 | ($7,840) | ($7,150) | $1,350 | |
Interest Expense | $497 | $494 | $492 | $489 | $486 | $483 | $481 | $478 | $475 | $472 | $470 | $467 | |
Taxes Incurred | ($4,388) | ($4,387) | ($4,086) | $595 | $2,366 | $3,867 | $2,142 | $4,678 | $9,059 | ($2,547) | ($2,339) | $212 | |
Net Profit | ($10,238) | ($10,236) | ($9,534) | $1,388 | $5,520 | $9,022 | $4,999 | $10,916 | $21,138 | ($5,943) | ($5,458) | $494 | |
Net Profit/Sales | -127.97% | -127.95% | -95.34% | 4.96% | 15.33% | 20.98% | 13.89% | 22.74% | 31.55% | -42.45% | -36.39% | 1.90% |
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 | $8,000 | $8,000 | $10,000 | $28,000 | $36,000 | $43,000 | $36,000 | $48,000 | $67,000 | $14,000 | $15,000 | $26,000 | |
Subtotal Cash from Operations | $8,000 | $8,000 | $10,000 | $28,000 | $36,000 | $43,000 | $36,000 | $48,000 | $67,000 | $14,000 | $15,000 | $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 | $8,000 | $8,000 | $10,000 | $28,000 | $36,000 | $43,000 | $36,000 | $48,000 | $67,000 | $14,000 | $15,000 | $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 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | |
Bill Payments | $212 | $6,250 | $3,138 | $5,743 | $14,192 | $17,725 | $20,782 | $14,827 | $26,135 | $34,403 | $1,882 | $2,165 | |
Subtotal Spent on Operations | $15,212 | $21,250 | $18,138 | $20,743 | $29,192 | $32,725 | $35,782 | $29,827 | $41,135 | $49,403 | $16,882 | $17,165 | |
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 | $332 | $332 | $332 | $332 | $332 | $332 | $332 | $332 | $332 | $332 | $332 | $332 | |
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 | $15,544 | $21,582 | $18,470 | $21,075 | $29,524 | $33,057 | $36,114 | $30,159 | $41,467 | $49,735 | $17,214 | $17,497 | |
Net Cash Flow | ($7,544) | ($13,582) | ($8,470) | $6,925 | $6,476 | $9,943 | ($114) | $17,841 | $25,533 | ($35,735) | ($2,214) | $8,503 | |
Cash Balance | $22,656 | $9,074 | $605 | $7,530 | $14,006 | $23,949 | $23,835 | $41,677 | $67,210 | $31,475 | $29,261 | $37,764 |
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 | $30,200 | $22,656 | $9,074 | $605 | $7,530 | $14,006 | $23,949 | $23,835 | $41,677 | $67,210 | $31,475 | $29,261 | $37,764 |
Inventory | $0 | $3,300 | $3,300 | $4,400 | $7,040 | $9,350 | $11,550 | $10,175 | $14,080 | $18,920 | $16,030 | $12,830 | $7,130 |
Other Current Assets | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 | $12,000 |
Total Current Assets | $42,200 | $37,956 | $24,374 | $17,005 | $26,570 | $35,356 | $47,499 | $46,010 | $67,757 | $98,130 | $59,505 | $54,091 | $56,894 |
Long-term Assets | |||||||||||||
Long-term Assets | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 |
Accumulated Depreciation | $0 | $178 | $356 | $534 | $712 | $890 | $1,068 | $1,246 | $1,424 | $1,602 | $1,780 | $1,958 | $2,136 |
Total Long-term Assets | $15,000 | $14,822 | $14,644 | $14,466 | $14,288 | $14,110 | $13,932 | $13,754 | $13,576 | $13,398 | $13,220 | $13,042 | $12,864 |
Total Assets | $57,200 | $52,778 | $39,018 | $31,471 | $40,858 | $49,466 | $61,431 | $59,764 | $81,333 | $111,528 | $72,725 | $67,133 | $69,758 |
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 | $6,148 | $2,956 | $5,274 | $13,605 | $17,025 | $20,300 | $13,966 | $24,951 | $34,340 | $1,813 | $2,011 | $4,474 |
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 | $6,148 | $2,956 | $5,274 | $13,605 | $17,025 | $20,300 | $13,966 | $24,951 | $34,340 | $1,813 | $2,011 | $4,474 |
Long-term Liabilities | $60,000 | $59,668 | $59,336 | $59,004 | $58,672 | $58,340 | $58,008 | $57,676 | $57,344 | $57,012 | $56,680 | $56,348 | $56,016 |
Total Liabilities | $60,000 | $65,816 | $62,292 | $64,278 | $72,277 | $75,365 | $78,308 | $71,642 | $82,295 | $91,352 | $58,493 | $58,359 | $60,490 |
Paid-in Capital | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 |
Retained Earnings | ($32,800) | ($32,800) | ($32,800) | ($32,800) | ($32,800) | ($32,800) | ($32,800) | ($32,800) | ($32,800) | ($32,800) | ($32,800) | ($32,800) | ($32,800) |
Earnings | $0 | ($10,238) | ($20,473) | ($30,007) | ($28,619) | ($23,099) | ($14,077) | ($9,078) | $1,838 | $22,976 | $17,033 | $11,574 | $12,068 |
Total Capital | ($2,800) | ($13,038) | ($23,273) | ($32,807) | ($31,419) | ($25,899) | ($16,877) | ($11,878) | ($962) | $20,176 | $14,233 | $8,774 | $9,268 |
Total Liabilities and Capital | $57,200 | $52,778 | $39,018 | $31,471 | $40,858 | $49,466 | $61,431 | $59,764 | $81,333 | $111,528 | $72,725 | $67,133 | $69,758 |
Net Worth | ($2,800) | ($13,038) | ($23,273) | ($32,807) | ($31,419) | ($25,899) | ($16,877) | ($11,878) | ($962) | $20,176 | $14,233 | $8,774 | $9,268 |