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Inspection Connection

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
Buyer Home Inspection 0% 2 3 4 5 5 6 8 10 10 10 10 10
Pre-Listing Home Inspection 0% 1 1 1 1 1 1 1 1 1 1 1 1
Maintenance Inspection 0% 1 1 3 5 7 9 14 16 16 18 20 20
Total Unit Sales 4 5 8 11 13 16 23 27 27 29 31 31
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
Buyer Home Inspection $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00
Pre-Listing Home Inspection $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00
Maintenance Inspection $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00 $450.00
Sales
Buyer Home Inspection $900 $1,350 $1,800 $2,250 $2,250 $2,700 $3,600 $4,500 $4,500 $4,500 $4,500 $4,500
Pre-Listing Home Inspection $450 $450 $450 $450 $450 $450 $450 $450 $450 $450 $450 $450
Maintenance Inspection $450 $450 $1,350 $2,250 $3,150 $4,050 $6,300 $7,200 $7,200 $8,100 $9,000 $9,000
Total Sales $1,800 $2,250 $3,600 $4,950 $5,850 $7,200 $10,350 $12,150 $12,150 $13,050 $13,950 $13,950
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
Buyer Home Inspection 10.00% $45.00 $45.00 $45.00 $45.00 $45.00 $45.00 $45.00 $45.00 $45.00 $45.00 $45.00 $45.00
Pre-Listing Home Inspection 10.00% $45.00 $45.00 $45.00 $45.00 $45.00 $45.00 $45.00 $45.00 $45.00 $45.00 $45.00 $45.00
Maintenance Inspection 10.00% $45.00 $45.00 $45.00 $45.00 $45.00 $45.00 $45.00 $45.00 $45.00 $45.00 $45.00 $45.00
Direct Cost of Sales
Buyer Home Inspection $90 $135 $180 $225 $225 $270 $360 $450 $450 $450 $450 $450
Pre-Listing Home Inspection $45 $45 $45 $45 $45 $45 $45 $45 $45 $45 $45 $45
Maintenance Inspection $45 $45 $135 $225 $315 $405 $630 $720 $720 $810 $900 $900
Subtotal Direct Cost of Sales $180 $225 $360 $495 $585 $720 $1,035 $1,215 $1,215 $1,305 $1,395 $1,395
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
Jacques Clouseau – Owner / Operator 0% $1,000 $1,000 $1,500 $2,000 $2,000 $2,500 $2,500 $2,500 $2,500 $3,000 $3,000 $5,100
Name or Title or Group 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total People 1 1 1 1 1 1 1 1 1 1 1 1
Total Payroll $1,000 $1,000 $1,500 $2,000 $2,000 $2,500 $2,500 $2,500 $2,500 $3,000 $3,000 $5,100

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 $1,800 $2,250 $3,600 $4,950 $5,850 $7,200 $10,350 $12,150 $12,150 $13,050 $13,950 $13,950
Direct Cost of Sales $180 $225 $360 $495 $585 $720 $1,035 $1,215 $1,215 $1,305 $1,395 $1,395
Other Costs of Sales $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Cost of Sales $180 $225 $360 $495 $585 $720 $1,035 $1,215 $1,215 $1,305 $1,395 $1,395
Gross Margin $1,620 $2,025 $3,240 $4,455 $5,265 $6,480 $9,315 $10,935 $10,935 $11,745 $12,555 $12,555
Gross Margin % 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00%
Expenses
Payroll $1,000 $1,000 $1,500 $2,000 $2,000 $2,500 $2,500 $2,500 $2,500 $3,000 $3,000 $5,100
Marketing/Promotion $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500
Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Answering Service $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $400
Liability / E&O Insurance $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $400
HealthCare $750 $750 $750 $750 $750 $750 $750 $750 $750 $750 $750 $750
Auto Insurance $120 $120 $120 $120 $120 $120 $120 $120 $120 $120 $120 $120
Auto Fuel $50 $75 $100 $150 $175 $200 $250 $300 $300 $300 $300 $300
Accounting/Legal Fees $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150 $150
Membership/Licensing Fees $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100
Vehicle Maintenance $20 $20 $20 $20 $20 $20 $20 $20 $20 $20 $20 $20
Local/Toll Free Phone Numbers $70 $70 $70 $70 $70 $70 $70 $70 $70 $70 $70 $70
Training/internship $0 $0 $14,000 $0 $0 $0 $0 $0 $0 $0 $0 $0
Supplies $700 $700 $700 $700 $700 $700 $700 $700 $700 $700 $700 $700
Payroll taxes 15% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200 $200
Total Operating Expenses $4,460 $4,485 $19,010 $5,560 $5,585 $6,110 $6,160 $6,210 $6,210 $6,710 $6,710 $8,810
Profit Before Interest and Taxes ($2,840) ($2,460) ($15,770) ($1,105) ($320) $370 $3,155 $4,725 $4,725 $5,035 $5,845 $3,745
EBITDA ($2,840) ($2,460) ($15,770) ($1,105) ($320) $370 $3,155 $4,725 $4,725 $5,035 $5,845 $3,745
Interest Expense $0 $0 $82 $79 $76 $73 $70 $67 $64 $61 $58 $54
Taxes Incurred ($852) ($738) ($4,756) ($355) ($119) $89 $926 $1,397 $1,398 $1,492 $1,736 $1,107
Net Profit ($1,988) ($1,722) ($11,096) ($829) ($277) $208 $2,160 $3,261 $3,263 $3,482 $4,051 $2,583
Net Profit/Sales -110.44% -76.53% -308.23% -16.74% -4.74% 2.89% 20.86% 26.84% 26.85% 26.68% 29.04% 18.52%

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 $1,800 $2,250 $3,600 $4,950 $5,850 $7,200 $10,350 $12,150 $12,150 $13,050 $13,950 $13,950
Subtotal Cash from Operations $1,800 $2,250 $3,600 $4,950 $5,850 $7,200 $10,350 $12,150 $12,150 $13,050 $13,950 $13,950
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 $14,000 $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 $1,800 $2,250 $17,600 $4,950 $5,850 $7,200 $10,350 $12,150 $12,150 $13,050 $13,950 $13,950
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 $1,000 $1,000 $15,500 $2,000 $2,000 $2,500 $2,500 $2,500 $2,500 $3,000 $3,000 $5,100
Bill Payments $93 $2,794 $2,069 ($651) $3,790 $4,139 $4,532 $5,714 $6,389 $6,393 $6,579 $6,878
Subtotal Spent on Operations $1,093 $3,794 $17,569 $1,349 $5,790 $6,639 $7,032 $8,214 $8,889 $9,393 $9,579 $11,978
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 $500 $500 $500 $500 $500 $500 $560 $560 $560
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 $1,093 $3,794 $17,569 $1,849 $6,290 $7,139 $7,532 $8,714 $9,389 $9,953 $10,139 $12,538
Net Cash Flow $707 ($1,544) $31 $3,101 ($440) $61 $2,818 $3,436 $2,761 $3,097 $3,811 $1,412
Cash Balance $2,288 $744 $775 $3,876 $3,436 $3,496 $6,314 $9,751 $12,511 $15,608 $19,419 $20,831

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 $1,581 $2,288 $744 $775 $3,876 $3,436 $3,496 $6,314 $9,751 $12,511 $15,608 $19,419 $20,831
Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Current Assets $1,581 $2,288 $744 $775 $3,876 $3,436 $3,496 $6,314 $9,751 $12,511 $15,608 $19,419 $20,831
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 $1,581 $2,288 $744 $775 $3,876 $3,436 $3,496 $6,314 $9,751 $12,511 $15,608 $19,419 $20,831
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 $2,695 $2,873 $0 $4,430 $4,767 $5,119 $6,278 $6,954 $6,952 $7,126 $7,446 $6,835
Current Borrowing $0 $0 $0 $14,000 $13,500 $13,000 $12,500 $12,000 $11,500 $11,000 $10,440 $9,880 $9,320
Other Current Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Current Liabilities $0 $2,695 $2,873 $14,000 $17,930 $17,767 $17,619 $18,278 $18,454 $17,952 $17,566 $17,326 $16,155
Long-term Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Liabilities $0 $2,695 $2,873 $14,000 $17,930 $17,767 $17,619 $18,278 $18,454 $17,952 $17,566 $17,326 $16,155
Paid-in Capital $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000
Retained Earnings ($4,419) ($4,419) ($4,419) ($4,419) ($4,419) ($4,419) ($4,419) ($4,419) ($4,419) ($4,419) ($4,419) ($4,419) ($4,419)
Earnings $0 ($1,988) ($3,710) ($14,806) ($15,635) ($15,912) ($15,704) ($13,544) ($10,284) ($7,021) ($3,539) $512 $3,095
Total Capital $1,581 ($407) ($2,129) ($13,225) ($14,054) ($14,331) ($14,123) ($11,963) ($8,703) ($5,440) ($1,958) $2,093 $4,676
Total Liabilities and Capital $1,581 $2,288 $744 $775 $3,876 $3,436 $3,496 $6,314 $9,751 $12,511 $15,608 $19,419 $20,831
Net Worth $1,581 ($407) ($2,129) ($13,225) ($14,054) ($14,331) ($14,123) ($11,963) ($8,703) ($5,440) ($1,958) $2,093 $4,676