Trestle Creek Cabinets
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 | |||||||||||||
Cabinets | 0% | $0 | $0 | $42,000 | $12,500 | $80,000 | $30,000 | $50,000 | $55,000 | $60,000 | $45,000 | $37,500 | $30,000 |
Other | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Sales | $0 | $0 | $42,000 | $12,500 | $80,000 | $30,000 | $50,000 | $55,000 | $60,000 | $45,000 | $37,500 | $30,000 | |
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 | |
Cabinets | $0 | $0 | $0 | $9,000 | $57,600 | $21,000 | $36,000 | $41,500 | $48,000 | $36,000 | $30,000 | $22,500 | |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Direct Cost of Sales | $0 | $0 | $0 | $9,000 | $57,600 | $21,000 | $36,000 | $41,500 | $48,000 | $36,000 | $30,000 | $22,500 |
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 | ||
Martin Kribs | 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 |
Brent Palmer | 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 |
Carpenters | 0% | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 |
Administration Assistant | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
Total People | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | |
Total Payroll | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $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% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | 15.00% | |
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 | $42,000 | $12,500 | $80,000 | $30,000 | $50,000 | $55,000 | $60,000 | $45,000 | $37,500 | $30,000 | |
Direct Cost of Sales | $0 | $0 | $0 | $9,000 | $57,600 | $21,000 | $36,000 | $41,500 | $48,000 | $36,000 | $30,000 | $22,500 | |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Cost of Sales | $0 | $0 | $0 | $9,000 | $57,600 | $21,000 | $36,000 | $41,500 | $48,000 | $36,000 | $30,000 | $22,500 | |
Gross Margin | $0 | $0 | $42,000 | $3,500 | $22,400 | $9,000 | $14,000 | $13,500 | $12,000 | $9,000 | $7,500 | $7,500 | |
Gross Margin % | 0.00% | 0.00% | 100.00% | 28.00% | 28.00% | 30.00% | 28.00% | 24.55% | 20.00% | 20.00% | 20.00% | 25.00% | |
Expenses | |||||||||||||
Payroll | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | |
Sales and Marketing and Other Expenses | $1,150 | $1,150 | $21,646 | $1,800 | $5,184 | $1,550 | $5,150 | $2,150 | $1,550 | $1,400 | $1,400 | $1,550 | |
Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Utilities | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | |
Insurance | $95 | $95 | $95 | $95 | $95 | $95 | $95 | $95 | $95 | $95 | $95 | $95 | |
Rent | $700 | $700 | $700 | $700 | $700 | $700 | $700 | $700 | $700 | $700 | $700 | $700 | |
Payroll Taxes | 15% | $825 | $825 | $825 | $825 | $825 | $825 | $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 | $8,520 | $8,520 | $29,016 | $9,170 | $12,554 | $8,920 | $14,820 | $11,820 | $11,220 | $11,070 | $11,070 | $11,220 | |
Profit Before Interest and Taxes | ($8,520) | ($8,520) | $12,984 | ($5,670) | $9,846 | $80 | ($820) | $1,680 | $780 | ($2,070) | ($3,570) | ($3,720) | |
EBITDA | ($8,520) | ($8,520) | $12,984 | ($5,670) | $9,846 | $80 | ($820) | $1,680 | $780 | ($2,070) | ($3,570) | ($3,720) | |
Interest Expense | $333 | $333 | $333 | $333 | $333 | $333 | $333 | $333 | $333 | $333 | $333 | $333 | |
Taxes Incurred | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Net Profit | ($8,853) | ($8,853) | $12,651 | ($6,003) | $9,513 | ($253) | ($1,153) | $1,347 | $447 | ($2,403) | ($3,903) | ($4,053) | |
Net Profit/Sales | 0.00% | 0.00% | 30.12% | -48.03% | 11.89% | -0.84% | -2.31% | 2.45% | 0.74% | -5.34% | -10.41% | -13.51% |
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 | $10,500 | $3,125 | $20,000 | $7,500 | $12,500 | $13,750 | $15,000 | $11,250 | $9,375 | $7,500 | |
Cash from Receivables | $0 | $0 | $0 | $1,050 | $30,763 | $11,063 | $58,750 | $23,000 | $37,625 | $41,375 | $44,625 | $33,563 | |
Subtotal Cash from Operations | $0 | $0 | $10,500 | $4,175 | $50,763 | $18,563 | $71,250 | $36,750 | $52,625 | $52,625 | $54,000 | $41,063 | |
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 | $10,500 | $4,175 | $50,763 | $18,563 | $71,250 | $36,750 | $52,625 | $52,625 | $54,000 | $41,063 | |
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 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | $7,500 | |
Bill Payments | $112 | $3,353 | $4,037 | $23,488 | $14,736 | $63,646 | $25,383 | $43,737 | $46,350 | $51,648 | $39,703 | $33,658 | |
Subtotal Spent on Operations | $5,612 | $8,853 | $9,537 | $28,988 | $20,236 | $69,146 | $32,883 | $51,237 | $53,850 | $59,148 | $47,203 | $41,158 | |
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 | $5,612 | $8,853 | $9,537 | $28,988 | $20,236 | $69,146 | $32,883 | $51,237 | $53,850 | $59,148 | $47,203 | $41,158 | |
Net Cash Flow | ($5,612) | ($8,853) | $963 | ($24,813) | $30,526 | ($50,584) | $38,367 | ($14,487) | ($1,225) | ($6,523) | $6,797 | ($96) | |
Cash Balance | $83,687 | $74,834 | $75,797 | $50,984 | $81,511 | $30,927 | $69,294 | $54,807 | $53,582 | $47,059 | $53,855 | $53,759 |
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 | $89,299 | $83,687 | $74,834 | $75,797 | $50,984 | $81,511 | $30,927 | $69,294 | $54,807 | $53,582 | $47,059 | $53,855 | $53,759 |
Accounts Receivable | $0 | $0 | $0 | $31,500 | $39,825 | $69,063 | $80,500 | $59,250 | $77,500 | $84,875 | $77,250 | $60,750 | $49,688 |
Other Current Assets | $14,478 | $14,478 | $14,478 | $14,478 | $14,478 | $14,478 | $14,478 | $14,478 | $14,478 | $14,478 | $14,478 | $14,478 | $14,478 |
Total Current Assets | $103,777 | $98,165 | $89,312 | $121,775 | $105,287 | $165,051 | $125,905 | $143,022 | $146,785 | $152,935 | $138,787 | $129,083 | $117,925 |
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 | $103,777 | $98,165 | $89,312 | $121,775 | $105,287 | $165,051 | $125,905 | $143,022 | $146,785 | $152,935 | $138,787 | $129,083 | $117,925 |
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 | $3,242 | $3,242 | $23,054 | $12,570 | $62,821 | $23,928 | $42,198 | $44,615 | $50,318 | $38,573 | $32,773 | $25,668 |
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 | $3,242 | $3,242 | $23,054 | $12,570 | $62,821 | $23,928 | $42,198 | $44,615 | $50,318 | $38,573 | $32,773 | $25,668 |
Long-term Liabilities | $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 |
Total Liabilities | $40,000 | $43,242 | $43,242 | $63,054 | $52,570 | $102,821 | $63,928 | $82,198 | $84,615 | $90,318 | $78,573 | $72,773 | $65,668 |
Paid-in Capital | $88,419 | $88,419 | $88,419 | $88,419 | $88,419 | $88,419 | $88,419 | $88,419 | $88,419 | $88,419 | $88,419 | $88,419 | $88,419 |
Retained Earnings | ($24,642) | ($24,642) | ($24,642) | ($24,642) | ($24,642) | ($24,642) | ($24,642) | ($24,642) | ($24,642) | ($24,642) | ($24,642) | ($24,642) | ($24,642) |
Earnings | $0 | ($8,853) | ($17,707) | ($5,056) | ($11,059) | ($1,547) | ($1,800) | ($2,953) | ($1,607) | ($1,160) | ($3,563) | ($7,467) | ($11,520) |
Total Capital | $63,777 | $54,923 | $46,070 | $58,721 | $52,717 | $62,230 | $61,977 | $60,823 | $62,170 | $62,617 | $60,213 | $56,310 | $52,257 |
Total Liabilities and Capital | $103,777 | $98,165 | $89,312 | $121,775 | $105,287 | $165,051 | $125,905 | $143,022 | $146,785 | $152,935 | $138,787 | $129,083 | $117,925 |
Net Worth | $63,777 | $54,923 | $46,070 | $58,721 | $52,717 | $62,230 | $61,977 | $60,823 | $62,170 | $62,617 | $60,213 | $56,310 | $52,257 |