The Skate Zone
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 | |||||||||||||
Registration Fees | 0% | $4,000 | $4,500 | $4,500 | $6,000 | $6,000 | $6,000 | $6,000 | $7,500 | $8,000 | $8,000 | $10,000 | $6,000 |
Skate Rentals | 0% | $1,200 | $1,400 | $1,400 | $1,700 | $1,700 | $1,700 | $1,700 | $2,000 | $2,400 | $2,400 | $3,000 | $1,700 |
Concessions | 0% | $3,000 | $3,000 | $3,000 | $4,000 | $4,000 | $6,000 | $6,000 | $7,500 | $7,500 | $7,500 | $10,000 | $10,000 |
Pro Shop | 0% | $100 | $150 | $200 | $250 | $250 | $300 | $500 | $500 | $500 | $750 | $1,000 | $1,000 |
Special Functions | 0% | $300 | $300 | $300 | $300 | $300 | $600 | $600 | $600 | $300 | $600 | $600 | $900 |
Total Sales | $8,600 | $9,350 | $9,400 | $12,250 | $12,250 | $14,600 | $14,800 | $18,100 | $18,700 | $19,250 | $24,600 | $19,600 | |
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 | |
Registration Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Skate Rentals | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Concessions | $1,500 | $1,500 | $1,500 | $2,000 | $2,000 | $3,000 | $3,000 | $3,750 | $3,750 | $3,750 | $5,000 | $5,000 | |
Pro Shop | $50 | $75 | $100 | $125 | $125 | $150 | $250 | $250 | $250 | $375 | $500 | $500 | |
Special Functions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Direct Cost of Sales | $1,550 | $1,575 | $1,600 | $2,125 | $2,125 | $3,150 | $3,250 | $4,000 | $4,000 | $4,125 | $5,500 | $5,500 |
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 | ||
Manager | 0% | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $4,500 | $4,500 | $4,500 | $4,500 |
Asst Manager | 0% | $0 | $0 | $0 | $0 | $0 | $1,750 | $1,750 | $1,750 | $1,750 | $1,750 | $1,750 | $1,750 |
Concessions/Pro Shop | 0% | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
Janitor/Maintenance | 0% | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 |
Total People | 4 | 4 | 4 | 4 | 4 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | |
Total Payroll | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $7,250 | $7,250 | $7,250 | $9,250 | $9,250 | $9,250 | $9,250 |
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 | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | |
Long-term Interest Rate | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | 8.50% | |
Tax Rate | 30.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
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 | $8,600 | $9,350 | $9,400 | $12,250 | $12,250 | $14,600 | $14,800 | $18,100 | $18,700 | $19,250 | $24,600 | $19,600 | |
Direct Cost of Sales | $1,550 | $1,575 | $1,600 | $2,125 | $2,125 | $3,150 | $3,250 | $4,000 | $4,000 | $4,125 | $5,500 | $5,500 | |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Cost of Sales | $1,550 | $1,575 | $1,600 | $2,125 | $2,125 | $3,150 | $3,250 | $4,000 | $4,000 | $4,125 | $5,500 | $5,500 | |
Gross Margin | $7,050 | $7,775 | $7,800 | $10,125 | $10,125 | $11,450 | $11,550 | $14,100 | $14,700 | $15,125 | $19,100 | $14,100 | |
Gross Margin % | 81.98% | 83.16% | 82.98% | 82.65% | 82.65% | 78.42% | 78.04% | 77.90% | 78.61% | 78.57% | 77.64% | 71.94% | |
Expenses | |||||||||||||
Payroll | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $7,250 | $7,250 | $7,250 | $9,250 | $9,250 | $9,250 | $9,250 | |
Sales and Marketing and Other Expenses | $2,400 | $2,400 | $2,400 | $2,400 | $2,600 | $3,100 | $3,100 | $3,100 | $3,100 | $2,600 | $2,400 | $2,400 | |
Depreciation | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | |
Telephone | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | |
Cleaning Supplies | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | $250 | |
Contract Referees | $0 | $0 | $0 | $0 | $0 | $300 | $300 | $300 | $450 | $450 | $600 | $600 | |
Payroll Taxes | 15% | $750 | $750 | $750 | $750 | $750 | $1,088 | $1,088 | $1,088 | $1,388 | $1,388 | $1,388 | $1,388 |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Operating Expenses | $9,550 | $9,550 | $9,550 | $9,550 | $9,750 | $13,138 | $13,138 | $13,138 | $15,588 | $15,088 | $15,038 | $15,038 | |
Profit Before Interest and Taxes | ($2,500) | ($1,775) | ($1,750) | $575 | $375 | ($1,688) | ($1,588) | $963 | ($888) | $38 | $4,063 | ($938) | |
EBITDA | ($1,500) | ($775) | ($750) | $1,575 | $1,375 | ($688) | ($588) | $1,963 | $113 | $1,038 | $5,063 | $63 | |
Interest Expense | $2,464 | $2,448 | $2,432 | $2,417 | $2,401 | $2,386 | $2,370 | $2,355 | $2,339 | $2,323 | $2,308 | $2,292 | |
Taxes Incurred | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Net Profit | ($4,964) | ($4,223) | ($4,182) | ($1,842) | ($2,026) | ($4,073) | ($3,958) | ($1,392) | ($3,226) | ($2,286) | $1,755 | ($3,230) | |
Net Profit/Sales | -57.72% | -45.17% | -44.49% | -15.04% | -16.54% | -27.90% | -26.74% | -7.69% | -17.25% | -11.87% | 7.13% | -16.48% |
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 | $8,600 | $9,350 | $9,400 | $12,250 | $12,250 | $14,600 | $14,800 | $18,100 | $18,700 | $19,250 | $24,600 | $19,600 | |
Subtotal Cash from Operations | $8,600 | $9,350 | $9,400 | $12,250 | $12,250 | $14,600 | $14,800 | $18,100 | $18,700 | $19,250 | $24,600 | $19,600 | |
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 | $2,000 | $0 | $0 | |
Subtotal Cash Received | $8,600 | $9,350 | $9,400 | $12,250 | $12,250 | $14,600 | $14,800 | $18,100 | $18,700 | $21,250 | $24,600 | $19,600 | |
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 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $7,250 | $7,250 | $7,250 | $9,250 | $9,250 | $9,250 | $9,250 | |
Bill Payments | $4,050 | $6,013 | $6,047 | $7,507 | $8,656 | $8,385 | $11,520 | $10,666 | $12,054 | $11,668 | $11,513 | $14,057 | |
Subtotal Spent on Operations | $9,050 | $11,013 | $11,047 | $12,507 | $13,656 | $15,635 | $18,770 | $17,916 | $21,304 | $20,918 | $20,763 | $23,307 | |
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 | $2,200 | $2,200 | $2,200 | $2,200 | $2,200 | $2,200 | $2,200 | $2,200 | $2,200 | $2,200 | $2,200 | $2,200 | |
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 | $11,250 | $13,213 | $13,247 | $14,707 | $15,856 | $17,835 | $20,970 | $20,116 | $23,504 | $23,118 | $22,963 | $25,507 | |
Net Cash Flow | ($2,650) | ($3,863) | ($3,847) | ($2,457) | ($3,606) | ($3,235) | ($6,170) | ($2,016) | ($4,804) | ($1,868) | $1,637 | ($5,907) | |
Cash Balance | $45,350 | $41,486 | $37,640 | $35,182 | $31,576 | $28,340 | $22,171 | $20,155 | $15,351 | $13,483 | $15,120 | $9,213 |
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 | $48,000 | $45,350 | $41,486 | $37,640 | $35,182 | $31,576 | $28,340 | $22,171 | $20,155 | $15,351 | $13,483 | $15,120 | $9,213 |
Inventory | $5,000 | $3,450 | $1,875 | $1,760 | $2,338 | $2,338 | $3,465 | $3,575 | $4,400 | $4,400 | $4,538 | $6,050 | $6,050 |
Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Current Assets | $53,000 | $48,800 | $43,361 | $39,400 | $37,520 | $33,913 | $31,805 | $25,746 | $24,555 | $19,751 | $18,020 | $21,170 | $15,263 |
Long-term Assets | |||||||||||||
Long-term Assets | $405,000 | $405,000 | $405,000 | $405,000 | $405,000 | $405,000 | $405,000 | $405,000 | $405,000 | $405,000 | $405,000 | $405,000 | $405,000 |
Accumulated Depreciation | $0 | $1,000 | $2,000 | $3,000 | $4,000 | $5,000 | $6,000 | $7,000 | $8,000 | $9,000 | $10,000 | $11,000 | $12,000 |
Total Long-term Assets | $405,000 | $404,000 | $403,000 | $402,000 | $401,000 | $400,000 | $399,000 | $398,000 | $397,000 | $396,000 | $395,000 | $394,000 | $393,000 |
Total Assets | $458,000 | $452,800 | $446,361 | $441,400 | $438,520 | $433,913 | $430,805 | $423,746 | $421,555 | $415,751 | $413,020 | $415,170 | $408,263 |
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 | $3,850 | $5,813 | $5,798 | $7,219 | $8,380 | $8,000 | $11,166 | $10,264 | $11,665 | $11,287 | $11,043 | $13,637 | $12,160 |
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 | $3,850 | $5,813 | $5,798 | $7,219 | $8,380 | $8,000 | $11,166 | $10,264 | $11,665 | $11,287 | $11,043 | $13,637 | $12,160 |
Long-term Liabilities | $350,000 | $347,800 | $345,600 | $343,400 | $341,200 | $339,000 | $336,800 | $334,600 | $332,400 | $330,200 | $328,000 | $325,800 | $323,600 |
Total Liabilities | $353,850 | $353,613 | $351,398 | $350,619 | $349,580 | $347,000 | $347,966 | $344,864 | $344,065 | $341,487 | $339,043 | $339,437 | $335,760 |
Paid-in Capital | $117,000 | $117,000 | $117,000 | $117,000 | $117,000 | $117,000 | $117,000 | $117,000 | $117,000 | $117,000 | $119,000 | $119,000 | $119,000 |
Retained Earnings | ($12,850) | ($12,850) | ($12,850) | ($12,850) | ($12,850) | ($12,850) | ($12,850) | ($12,850) | ($12,850) | ($12,850) | ($12,850) | ($12,850) | ($12,850) |
Earnings | $0 | ($4,964) | ($9,187) | ($13,369) | ($15,211) | ($17,237) | ($21,310) | ($25,268) | ($26,660) | ($29,886) | ($32,172) | ($30,417) | ($33,647) |
Total Capital | $104,150 | $99,186 | $94,963 | $90,781 | $88,939 | $86,913 | $82,840 | $78,882 | $77,490 | $74,264 | $73,978 | $75,733 | $72,503 |
Total Liabilities and Capital | $458,000 | $452,800 | $446,361 | $441,400 | $438,520 | $433,913 | $430,805 | $423,746 | $421,555 | $415,751 | $413,020 | $415,170 | $408,263 |
Net Worth | $104,150 | $99,186 | $94,963 | $90,781 | $88,939 | $86,913 | $82,840 | $78,882 | $77,490 | $74,264 | $73,978 | $75,733 | $72,503 |