Dribbling Indoor Soccer
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 | |||||||||||||
| Memberships | 0% | $3,000 | $6,000 | $7,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $1,000 | $3,000 | $3,000 | $4,000 |
| Leagues | 0% | $8,000 | $11,000 | $15,000 | $19,000 | $19,000 | $21,000 | $21,000 | $3,000 | $6,000 | $21,000 | $21,000 | $20,000 |
| Rentals | 0% | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $4,000 | $5,000 | $5,000 | $2,000 | $4,000 | $4,000 | $4,000 |
| Clinics | 0% | $0 | $3,000 | $3,000 | $3,000 | $3,000 | $4,000 | $4,000 | $4,000 | $2,000 | $4,000 | $4,000 | $4,000 |
| Soccer Shop | 0% | $3,000 | $4,000 | $4,000 | $4,000 | $4,000 | $5,000 | $4,000 | $4,000 | $5,000 | $4,000 | $4,000 | $4,000 |
| Cafe | 0% | $0 | $4,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $3,000 | $1,000 | $5,000 | $5,000 | $5,000 |
| Total Sales | $17,000 | $31,000 | $37,000 | $37,000 | $37,000 | $42,000 | $42,000 | $22,000 | $17,000 | $41,000 | $41,000 | $41,000 | |
| 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 | |
| Memberships | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Leagues | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Rentals | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Clinics | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $2,000 | $2,000 | $2,000 | $1,000 | $2,000 | $2,000 | $2,000 | |
| Soccer Shop | $1,000 | $1,500 | $1,500 | $1,500 | $1,500 | $2,000 | $1,500 | $1,500 | $2,000 | $1,500 | $1,500 | $1,500 | |
| Cafe | $0 | $1,000 | $1,250 | $1,250 | $1,250 | $1,250 | $1,250 | $750 | $250 | $1,250 | $1,250 | $1,250 | |
| Subtotal Direct Cost of Sales | $2,500 | $4,000 | $4,250 | $4,250 | $4,250 | $5,250 | $4,750 | $4,250 | $3,250 | $4,750 | $4,750 | $4,750 | |
| 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 – Klew, Les | 0% | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 |
| Asst. Manager – Noh Klew | 0% | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 |
| Senior Staff | 0% | $4,400 | $4,400 | $4,400 | $4,400 | $4,400 | $4,400 | $4,400 | $4,400 | $4,400 | $4,400 | $4,400 | $4,400 |
| Staff Members | 0% | $3,900 | $3,900 | $3,900 | $3,900 | $3,900 | $3,900 | $3,900 | $3,900 | $3,900 | $3,900 | $3,900 | $3,900 |
| Soccer Store Staff Person | 0% | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 |
| Cafe Staff | 0% | $2,400 | $2,400 | $2,400 | $2,400 | $2,400 | $2,400 | $2,400 | $2,400 | $2,400 | $2,400 | $2,400 | $2,400 |
| Total People | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | |
| Total Payroll | $17,900 | $17,900 | $17,900 | $17,900 | $17,900 | $17,900 | $17,900 | $17,900 | $17,900 | $17,900 | $17,900 | $17,900 | |
| 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 | $17,000 | $31,000 | $37,000 | $37,000 | $37,000 | $42,000 | $42,000 | $22,000 | $17,000 | $41,000 | $41,000 | $41,000 | |
| Direct Cost of Sales | $2,500 | $4,000 | $4,250 | $4,250 | $4,250 | $5,250 | $4,750 | $4,250 | $3,250 | $4,750 | $4,750 | $4,750 | |
| Other Production Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Cost of Sales | $2,500 | $4,000 | $4,250 | $4,250 | $4,250 | $5,250 | $4,750 | $4,250 | $3,250 | $4,750 | $4,750 | $4,750 | |
| Gross Margin | $14,500 | $27,000 | $32,750 | $32,750 | $32,750 | $36,750 | $37,250 | $17,750 | $13,750 | $36,250 | $36,250 | $36,250 | |
| Gross Margin % | 85.29% | 87.10% | 88.51% | 88.51% | 88.51% | 87.50% | 88.69% | 80.68% | 80.88% | 88.41% | 88.41% | 88.41% | |
| Expenses | |||||||||||||
| Payroll | $17,900 | $17,900 | $17,900 | $17,900 | $17,900 | $17,900 | $17,900 | $17,900 | $17,900 | $17,900 | $17,900 | $17,900 | |
| Sales and Marketing and Other Expenses | $800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | |
| Depreciation | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | |
| Leased Equipment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Utilities | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | |
| Insurance | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | $500 | |
| Rent | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | |
| Payroll Taxes | 15% | $2,685 | $2,685 | $2,685 | $2,685 | $2,685 | $2,685 | $2,685 | $2,685 | $2,685 | $2,685 | $2,685 | $2,685 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Operating Expenses | $26,785 | $28,785 | $28,785 | $28,785 | $28,785 | $28,785 | $28,785 | $28,785 | $28,785 | $28,785 | $28,785 | $28,785 | |
| Profit Before Interest and Taxes | ($12,285) | ($1,785) | $3,965 | $3,965 | $3,965 | $7,965 | $8,465 | ($11,035) | ($15,035) | $7,465 | $7,465 | $7,465 | |
| EBITDA | ($11,785) | ($1,285) | $4,465 | $4,465 | $4,465 | $8,465 | $8,965 | ($10,535) | ($14,535) | $7,965 | $7,965 | $7,965 | |
| Interest Expense | $833 | $833 | $833 | $833 | $833 | $833 | $833 | $833 | $833 | $833 | $833 | $833 | |
| Taxes Incurred | ($3,936) | ($786) | $939 | $939 | $939 | $2,140 | $2,290 | ($3,561) | ($4,761) | $1,990 | $1,990 | $1,990 | |
| Net Profit | ($9,183) | ($1,833) | $2,192 | $2,192 | $2,192 | $4,992 | $5,342 | ($8,308) | ($11,108) | $4,642 | $4,642 | $4,642 | |
| Net Profit/Sales | -54.02% | -5.91% | 5.92% | 5.92% | 5.92% | 11.89% | 12.72% | -37.76% | -65.34% | 11.32% | 11.32% | 11.32% | |
| 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 | $17,000 | $31,000 | $37,000 | $37,000 | $37,000 | $42,000 | $42,000 | $22,000 | $17,000 | $41,000 | $41,000 | $41,000 | |
| Subtotal Cash from Operations | $17,000 | $31,000 | $37,000 | $37,000 | $37,000 | $42,000 | $42,000 | $22,000 | $17,000 | $41,000 | $41,000 | $41,000 | |
| 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 | $17,000 | $31,000 | $37,000 | $37,000 | $37,000 | $42,000 | $42,000 | $22,000 | $17,000 | $41,000 | $41,000 | $41,000 | |
| 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 | $17,900 | $17,900 | $17,900 | $17,900 | $17,900 | $17,900 | $17,900 | $17,900 | $17,900 | $17,900 | $17,900 | $17,900 | |
| Bill Payments | $209 | $6,584 | $15,378 | $16,674 | $16,408 | $16,518 | $19,641 | $17,496 | $11,266 | $8,975 | $19,553 | $17,958 | |
| Subtotal Spent on Operations | $18,109 | $24,485 | $33,278 | $34,574 | $34,308 | $34,418 | $37,541 | $35,396 | $29,166 | $26,875 | $37,453 | $35,858 | |
| 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 | $18,109 | $24,485 | $33,278 | $34,574 | $34,308 | $34,418 | $37,541 | $35,396 | $29,166 | $26,875 | $37,453 | $35,858 | |
| Net Cash Flow | ($1,109) | $6,516 | $3,722 | $2,426 | $2,692 | $7,582 | $4,459 | ($13,396) | ($12,166) | $14,126 | $3,547 | $5,142 | |
| Cash Balance | $28,891 | $35,406 | $39,128 | $41,555 | $44,247 | $51,829 | $56,288 | $42,892 | $30,725 | $44,851 | $48,398 | $53,540 | |
| 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 | $30,000 | $28,891 | $35,406 | $39,128 | $41,555 | $44,247 | $51,829 | $56,288 | $42,892 | $30,725 | $44,851 | $48,398 | $53,540 |
| Inventory | $5,000 | $3,500 | $4,400 | $4,675 | $4,675 | $4,675 | $5,775 | $5,225 | $4,675 | $3,575 | $5,225 | $5,225 | $5,225 |
| Other Current Assets | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 |
| Total Current Assets | $40,000 | $37,391 | $44,806 | $48,803 | $51,230 | $53,922 | $62,604 | $66,513 | $52,567 | $39,300 | $55,076 | $58,623 | $63,765 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $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 |
| Accumulated Depreciation | $0 | $500 | $1,000 | $1,500 | $2,000 | $2,500 | $3,000 | $3,500 | $4,000 | $4,500 | $5,000 | $5,500 | $6,000 |
| Total Long-term Assets | $40,000 | $39,500 | $39,000 | $38,500 | $38,000 | $37,500 | $37,000 | $36,500 | $36,000 | $35,500 | $35,000 | $34,500 | $34,000 |
| Total Assets | $80,000 | $76,891 | $83,806 | $87,303 | $89,230 | $91,422 | $99,604 | $103,013 | $88,567 | $74,800 | $90,076 | $93,123 | $97,765 |
| 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 | $6,073 | $14,822 | $16,127 | $15,861 | $15,861 | $19,051 | $17,118 | $10,979 | $8,321 | $18,954 | $17,359 | $17,359 |
| 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 | $6,073 | $14,822 | $16,127 | $15,861 | $15,861 | $19,051 | $17,118 | $10,979 | $8,321 | $18,954 | $17,359 | $17,359 |
| Long-term Liabilities | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 |
| Total Liabilities | $100,000 | $106,073 | $114,822 | $116,127 | $115,861 | $115,861 | $119,051 | $117,118 | $110,979 | $108,321 | $118,954 | $117,359 | $117,359 |
| Paid-in Capital | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 | $60,000 |
| Retained Earnings | ($80,000) | ($80,000) | ($80,000) | ($80,000) | ($80,000) | ($80,000) | ($80,000) | ($80,000) | ($80,000) | ($80,000) | ($80,000) | ($80,000) | ($80,000) |
| Earnings | $0 | ($9,183) | ($11,016) | ($8,824) | ($6,631) | ($4,439) | $553 | $5,895 | ($2,413) | ($13,521) | ($8,878) | ($4,236) | $406 |
| Total Capital | ($20,000) | ($29,183) | ($31,016) | ($28,824) | ($26,631) | ($24,439) | ($19,447) | ($14,105) | ($22,413) | ($33,521) | ($28,878) | ($24,236) | ($19,594) |
| Total Liabilities and Capital | $80,000 | $76,891 | $83,806 | $87,303 | $89,230 | $91,422 | $99,604 | $103,013 | $88,567 | $74,800 | $90,076 | $93,123 | $97,765 |
| Net Worth | ($20,000) | ($29,183) | ($31,016) | ($28,823) | ($26,631) | ($24,439) | ($19,447) | ($14,105) | ($22,413) | ($33,520) | ($28,878) | ($24,236) | ($19,594) |
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